Market by Vehicle Type, Battery Type, End-user, and Country | Forecast 2021-2028
Triton’s report predicts that the electric vehicle battery market in Latin America is assessed to advance at a compound annual growth rate of 16.80% during the anticipated period 2021-2028.
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The
countries scrutinized in this market include:
• Brazil
• Mexico
• Rest of Latin America
In
the region, Argentina and Brazil are emerging as the next frontiers in the
automotive industry, owing to the growing skilled workforce, infrastructure,
and investments. In addition, the Brazilian economy is growing due to rising
consumer spending and public policies targeted at increasing social
expenditure. Furthermore, low car ownership, growing middle-class income group,
and reduced production costs are anticipated to drive the demand for EV
batteries, thereby widening the scope of the electric vehicle battery market
across the region.
With
a relatively clean energy matrix than other nations, Brazil hosts ideal
conditions to become one of the largest hydroelectricity producers. Moreover,
electric vehicles are significantly reducing the carbon footprint in the
country. This has led several companies to invest in the manufacturing of EV
batteries. For instance, BYD opened its first lithium-iron-phosphate battery
plant in northwest Brazil. Additionally, Toshiba has earlier signed a deal with
Sojitz Corp to acquire rare battery metal, extending the range of EVs. Other
than this, in 2021, Volkswagen began the production of its first all-electric truck
in Brazil. Hence, the rise in electric vehicle production contributes to the
growth of the electric vehicle battery market across Brazil.
BYD
offers its products across various industries, such as electronics,
automobiles, new energy, and rail transit. Its business segments include a
rechargeable battery and other products, mobile handset components and assembly
service, automobiles, and corporate. In addition, BYD develops LFP batteries
and supplies them to its own vehicles and FAW group. It has operations across
various regions, including Latin America.
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VIEW REPORT1. LATIN
AMERICA ELECTRIC VEHICLE BATTERY MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. INCREASED
INVESTMENTS IN THE ELECTRIC VEHICLE MARKET
2.1.2. NEED
FOR SUBSIDIES IN BATTERY RECYCLING
2.2. IMPACT
OF COVID-19 ON ELECTRIC VEHICLE BATTERY MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS MATRIX
2.5. INDUSTRY
COMPONENTS
2.5.1. RAW
MATERIAL MINING
2.5.2. BATTERY
CELL
2.5.3. BATTERY
MODULE
2.5.4. BATTERY
PACK
2.5.5. END-USER
2.5.6. END OF
LIFE PROCESSES
2.6. VENDOR
SCORECARD
2.7. TECHNOLOGY
ANALYSIS
2.7.1. LI-ION
BATTERY BASED ON VARIATION IN CATHODE MATERIAL
2.7.1.1. NCM
(LITHIUM-COBALT-MANGANESE-OXIDE)
2.7.1.2. NCA
(LITHIUM NICKEL COBALT ALUMINUM OXIDE)
2.7.1.3. LFP
(LITHIUM IRON PHOSPHATE)
2.7.2. SOLID
STATE BATTERIES
2.8. RAW
MATERIAL ANALYSIS
2.8.1. KEY
RAW MATERIALS
2.8.2. COUNTRIES
HAVING HIGH DEPOSITS OF KEY RAW MATERIALS
2.8.2.1. LITHIUM
2.8.2.2. MANGANESE
2.8.2.3. NICKEL
2.8.2.4. COBALT
2.8.2.5. GRAPHITE
2.9. KEY
MARKET STRATEGIES
2.9.1. CONTRACTS
& PARTNERSHIPS
2.9.2. BUSINESS
EXPANSIONS & DIVESTITURES
2.9.3. ACQUISITIONS
& MERGERS
2.9.4. NEW
PRODUCT LAUNCHES
2.10. INDUSTRY
PLAYER POSITIONING
2.11. MARKET
DRIVERS
2.11.1. GROWING
ELECTRIC VEHICLES MARKET
2.11.2. GOVERNMENTAL
INCENTIVES AND PROMOTION
2.11.3. DEVELOPMENTS
IN BATTERY TECHNOLOGY
2.11.4. GROWTH
IN PUBLIC CHARGING INFRASTRUCTURE
2.12. MARKET
CHALLENGES
2.12.1. ISSUES
IN RAW MATERIAL PROCUREMENT
2.12.2. HIGH
CHARGING TIME FOR BATTERIES
2.12.3. SAFETY
CONCERNS
2.13. MARKET
OPPORTUNITIES
2.13.1. EMERGENCE
OF SHARED E-MOBILITY HELPING BATTERY SWAPPING SEGMENT
2.13.2. IMPROVEMENTS
IN VEHICLE-TO-GRID (V2G) TECHNOLOGIES
3. LATIN
AMERICA ELECTRIC VEHICLE BATTERY MARKET - BY VEHICLE TYPE
3.1. BATTERY
ELECTRIC VEHICLE
3.2. HYBRID
ELECTRIC VEHICLE
3.3. PLUG-IN
HYBRID ELECTRIC VEHICLE
4. LATIN
AMERICA ELECTRIC VEHICLE BATTERY MARKET - BY BATTERY TYPE
4.1. LEAD
ACID
4.2. NICKEL-METAL
HYDRIDE
4.3. LITHIUM-ION
5. LATIN
AMERICA ELECTRIC VEHICLE BATTERY MARKET - BY END-USER
5.1. COMMERCIAL
VEHICLE
5.2. PASSENGER
CAR
5.3. OTHER
END-USERS
6. LATIN
AMERICA ELECTRIC VEHICLE BATTERY MARKET – REGIONAL OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
7. COMPETITIVE
LANDSCAPE
7.1. MARKET
SHARE ANALYSIS
7.2. COMPANY
PROFILES
7.2.1. CATL
7.2.2. LG
ENSOL
7.2.3. PANASONIC
7.2.4. SAMSUNG
SDI
7.2.5. SK
INNOVATION
7.2.6. BYD
7.2.7. CALB
7.2.8. VEHICLE
ENERGY JAPAN CO LTD
7.2.9. TOSHIBA
CORPORATION
7.2.10. LITHIUM
ENERGY JAPAN
7.2.11. ENVISION
AESC
7.2.12. A123
SYSTEMS
7.2.13. GS
YUASA
7.2.14. NORTHVOLT
AB
7.2.15. PRIME
PLANET ENERGY SOLUTIONS
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
ELECTRIC VEHICLE BATTERY MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 2: MARKET ATTRACTIVENESS
MATRIX
TABLE 3: VENDOR SCORECARD
TABLE 4: MAJOR ELECTRIC
VEHICLE KEY RAW MATERIALS PRODUCERS
TABLE 5: LIST OF CONTRACTS
& PARTNERSHIPS
TABLE 6: LIST OF BUSINESS
EXPANSIONS & DIVESTITURES
TABLE 7: LIST OF ACQUISITIONS
& MERGERS
TABLE 8: LIST OF NEW PRODUCT
LAUNCHES
TABLE 9: LATIN AMERICA
ELECTRIC VEHICLE BATTERY MARKET, BY VEHICLE TYPE, 2021-2028 (IN $ MILLION)
TABLE 10: LATIN AMERICA
ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, 2021-2028 (IN $ MILLION)
TABLE 11: LATIN AMERICA
ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 12: LATIN AMERICA
ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
FIGURE
1: PORTER’S FIVE FORCES ANALYSIS
FIGURE
2: INDUSTRY COMPONENTS
FIGURE
3: SNAPSHOT OF A TYPICAL NCM BATTERY
FIGURE
4: SNAPSHOT OF A TYPICAL NCA BATTERY
FIGURE
5: SNAPSHOT OF A TYPICAL LFP BATTERY
FIGURE
6: INDUSTRY PLAYER POSITIONING IN 2020 (IN %)
FIGURE
7: ELECTRIC VEHICLE SALES, IN UNITS, 2010-2020
FIGURE
8: LITHIUM-ION BATTERY PRICE PER KWH (2010-2020)
FIGURE
9: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY VEHICLE TYPE, 2020 &
2028 (IN %)
FIGURE
10: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY ELECTRIC VEHICLE,
2021-2028 (IN $ MILLION)
FIGURE
11: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY HYBRID ELECTRIC VEHICLE,
2021-2028 (IN $ MILLION)
FIGURE
12: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY PLUG-IN HYBRID ELECTRIC
VEHICLE, 2021-2028 (IN $ MILLION)
FIGURE
13: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, 2020 &
2028 (IN %)
FIGURE
14: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY LEAD ACID, 2021-2028 (IN
$ MILLION)
FIGURE
15: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY NICKEL-METAL HYDRIDE,
2021-2028 (IN $ MILLION)
FIGURE
16: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY LITHIUM-ION, 2021-2028
(IN $ MILLION)
FIGURE
17: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, 2020 & 2028
(IN %)
FIGURE
18: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY COMMERCIAL VEHICLE,
2021-2028 (IN $ MILLION)
FIGURE
19: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY PASSENGER CAR, 2021-2028
(IN $ MILLION)
FIGURE
20: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, BY OTHER END-USERS,
2021-2028 (IN $ MILLION)
FIGURE
21: LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET, COUNTRY OUTLOOK, 2020 &
2028 (IN %)
FIGURE
22: BRAZIL ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
23: MEXICO ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
24: REST OF LATIN AMERICA ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $
MILLION)
FIGURE
25: MARKET SHARE ANALYSIS, 2020, (IN %)