What is the current value of the Europe NMC battery pack market?

The market is valued at USD 11.59 billion in 2025 and is expected to reach USD 23.04 billion by 2030. Read More

How fast is the Europe NMC battery pack market growing?

It is forecast to expand at a 14.73% CAGR between 2025 and 2030. Read More

Which vehicle segment generates most demand for NMC packs in Europe?

Passenger cars hold 92.60% of demand in 2024, although medium and heavy-duty trucks show the fastest growth at 25.13% CAGR. Read More

Which country leads Europe in NMC battery pack production?

Poland commands 46.80% of manufacturing share, thanks to large-scale plants operated by LG Energy Solution and SK On. Read More

Europe NMC Battery Pack Market Size & Share Analysis - Industry Research Report

Name: Europe NMC Battery Pack Market Size & Share Analysis - Industry Research Report - Growth Trends
Creator: Mordor Intelligence
License: https://www.mordorintelligence.com/privacy-policy

Europe NMC Battery Pack Market Size and Share

Market Overview

Study Period	2019 - 2030
Base Year For Estimation	2024
Forecast Data Period	2025 - 2030
Market Size (2025)	USD 11.59 Billion
Market Size (2030)	USD 23.04 Billion
Growth Rate (2025 - 2030)	14.73% CAGR
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Europe NMC Battery Pack Market Summary — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Europe NMC Battery Pack Market Analysis by Mordor Intelligence

The Europe NMC battery pack market size is estimated at USD 11.59 billion in 2025 and is projected to reach USD 23.04 billion by 2030, growing at a 14.73% CAGR from 2025 to 2030. This upswing is fueled by the Fit-for-55 mandate, record gigafactory investments, and the rapid adoption of more than 400 V architectures that underpin fast-charging passenger car launches. Tight CO₂ targets have made high-energy-density NMC chemistries a compliance necessity, while emerging local-content incentives intensify the pull for domestic battery production hubs. Supply-chain attention has shifted from cobalt scarcity to nickel and lithium price swings, prompting OEMs and pack integrators to secure long-term offtake contracts. Finally, second-life revenue streams in stationary storage provide a cushion against raw material volatility and help sustain profitability across the value chain.

Key Report Takeaways

By vehicle type, passenger cars led with 92.60% of Europe NMC battery pack market share in 2024, whereas medium and heavy-duty trucks show the fastest 25.13% CAGR through 2030.
By propulsion type, BEVs captured 84.25% share of the Europe NMC battery pack market size in 2024, and this segment is projected to rise at 19.44% CAGR.
By material, NMC 622 held 42.36% share in 2024; NMC 811 is on course for an 18.32% CAGR as suppliers pursue cobalt-lean chemistries.
By capacity, packs rated 60 to 80 kWh held 37.14% share in 2024, while the packs above 150 kWh will expand at a 15.04% CAGR.
By battery form, prismatic cells accounted for 49.33% share in 2024, whereas cylindrical formats will expand at a 16.58% CAGR by 2030.
By voltage class, 400-600 V packs commanded 65.25% share in 2024; the above 800 V category is advancing at 16.18% CAGR.
By module architecture, cell-to-module (CTM) accounted for 53.14% share in 2024, while cell-to-pack (CTP) designs are expanding at 17.13% CAGR.
By component, cathode captured 50.21% share of the Europe NMC battery pack market size in 2024, and this segment is projected to rise at 15.35% CAGR.
By country, Poland dominated with 46.80% share in 2024, while Hungary is poised for a 30.36% CAGR to 2030.

Europe NMC Battery Pack Market Trends and Insights

Drivers Impact Analysis

Driver	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
EU Fit-for-55 Targets	+3.2%	EU-wide, strongest in Germany, France, Italy	Medium term (2-4 years)
European Gigafactories Scale-Up	+2.8%	Northern and Central Europe, Poland, Hungary	Long term (≥4 years)
IRA-Style Local-Content Rules	+2.4%	United Kingdom and EU manufacturing hubs	Long term (≥4 years)
OEM Shift to Architectures	+2.1%	Premium segments across EU, early move in Germany and Sweden	Short term (≤2 years)
Reduced Pack-Level Cobalt Content	+1.9%	EU cost advantage	Medium term (2-4 years)
Second-Life Storage Revenue	+1.6%	Grid-intensive regions: Germany, Denmark, Netherlands	Medium term (2-4 years)
Source: Mordor Intelligence

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EU Fit-for-55 CO₂ Targets Accelerating OEM Battery Demand

Europe’s 55% fleet-wide CO₂ reduction target for passenger cars by 2030 has prompted every volume OEM to accelerate capital investment toward electrification ^{[1]“Fit-for-55: Delivering the EU Green Deal,” European Commission, ec.europa.eu}. Average new-car emissions increased in 2024, underscoring the need to incorporate higher-capacity NMC packs that achieve a 600 km range on the WLTP cycle. Stellantis and Volkswagen now expect BEVs to increase their European sales mix by 2030, effectively locking in multi-year demand visibility for 80 kWh battery systems. Premium makers with higher baseline emissions face steeper penalties, giving pack suppliers with demonstrated competence in 400-600 V greater pricing leverage. As a result, the European NMC battery pack market is on a structurally firm demand footing through the decade.

Rapid Scale-Up of European Gigafactories (Northvolt, ACC, Verkor)

A significant number of committed cell investments are reshaping the continent, featuring Northvolt’s 60 GWh Heide plant and ACC’s multi-country network backed by debt financing ^{[2]“Northvolt Receives €900 Million German Aid,” Clean Energy Wire, cleanenergywire.org}. Verkor’s Dunkirk facility, financed through a package led by the European Investment Bank, will feed Renault. Yet, there are concerns that a significant portion of the publicized pipeline might not materialize, signaling potential execution challenges for smaller players. For the Europe NMC battery pack market, partial realization still expands regional cell output versus 2024 and eases the logistics burden tied to Asian imports.

IRA-Style Local-Content Rules in United Kingdom and EU Post-2027

Reflecting the benefits of the United States IRA, the European Commission introduces a substantial initiative, while the United Kingdom unveils its Advanced Manufacturing Plan, both linking subsidies to the domestic battery value chain. Rules of origin complexities pose compliance costs, but they also erect barriers to low-cost Asian imports. Consequently, multinational cell makers, including LG Energy Solution and Samsung SDI, have accelerated Polish and Hungarian expansions to protect share in the Europe NMC battery pack market.

OEM Shift to ≥ 400 V/800 V Architectures for Fast-Charging

Automotive OEMs upgrading to 800V packs can slash charge times to a few minutes, thereby elevating consumer acceptance. The European Alternative Fuels Infrastructure Regulation mandates 400 kW chargers every 60 km by 2025, further propelling demand for high-voltage designs. Suppliers able to certify more than 800 V systems under UN ECE R100 enjoy a differentiator, yet must absorb longer homologation cycles. In turn, the Europe NMC battery pack market rewards firms investing in advanced thermal and insulation solutions that tame higher voltage stresses.

Restraints Impact Analysis

Restraint	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
Nickel and Lithium Volatility	-1.8%	EU manufacturing costs	Short term (≤2 years)
Recycling Capacity Lagging	-1.4%	EU-wide, focus Germany and France	Long term (≥4 years)
Slow Homologation Above 800 V Packs	-1.2%	EU regulatory approval	Medium term (2-4 years)
Rising ESG Scrutiny Intermediates	-0.9%	EU compliance	Medium term (2-4 years)
Source: Mordor Intelligence

Nickel and Lithium Supply–Demand Volatility Through 2027

Nickel prices fluctuated significantly in 2024 amid changes in Indonesian exports and geopolitical uncertainty surrounding Russian supply. Lithium carbonate has fallen from its 2022 peaks, yet it still carries a margin of risk for pack makers that rely on spot procurement. With raw materials accounting for a significant share of cell costs, volatility hinders profitability in the European NMC battery pack market until new Finnish and German refining projects come online.

Recycling Capacity Lagging Pack Scrap Generation After 2028

Europe's recycling capacity is significantly lower than the projected waste volume by 2030. Northvolt’s 125,000 t plant is the largest, yet a continental shortfall of looms, exposing OEMs to costly export or landfill routes. This bottleneck clouds the sustainability narrative that underpins the Europe NMC battery pack market.

Segment Analysis

By Vehicle Type: Commercial Segments Drive Future Growth

Passenger cars held a 92.60% share of the Europe NMC battery pack market in 2024, while medium and heavy-duty trucks are expected to expand at a 25.13% CAGR. The EU's heavy-vehicle CO₂ rule will force a significant reduction by 2030, thereby escalating demand for 300 kWh packs in regional haulage fleets. Light commercial vans benefit from e-commerce, while city-bus operators in Germany and France deploy zero-emission units to meet municipal targets.

Large-capacity trucks spur design changes—such as liquid cooling, robust housing, and high-cycle durability—that few suppliers can deliver at scale. Passenger-car volumes still anchor the Europe NMC battery pack market, but differentiated truck specs open profitable niches for integrators with chemistry and pack-engineering versatility.

Europe NMC Battery Pack Market: Market Share by Vehicle Type — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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By Propulsion Type: BEV Dominance Accelerates

BEVs captured 84.25% share of the Europe NMC battery pack market size in 2024, and the segment is set to advance at 19.44% CAGR as Euro 7 rules raise PHEV costs. Average BEV pack capacity climbed in 2024, amplifying cell demand across the continent.

PHEV packs of 10-20 kWh remain in fleet-compliance niches, yet their share erodes as OEMs bring forward 2030 ICE phase-out dates. The Europe NMC battery pack market thus skews toward higher-energy designs, favoring suppliers with proven thermal management and fast-charge validation.

By Material: High-Nickel Transition Gains Momentum

NMC 622 dominated at 42.36% in 2024, but NMC 811 is on course for an 18.32% CAGR as cobalt prices and ESG pressure steer chemistry roadmaps. The Europe NMC battery pack market size for NMC 811 is projected to rise sharply once Northvolt and CATL complete dedicated high-nickel lines.

Higher nickel content delivers significant range gains yet demands precise moisture control and ceramic coating during cell assembly. Firms lacking such expertise may stay on NMC 622, risking share loss in premium BEV contracts.

By Capacity: Premium Segments Drive Size Expansion

The 60-80 kWh band held 37.14% Europe NMC battery pack market share in 2024 as it matches range expectations for premium SUVs. Packs above 150 kWh are gaining at 15.04% CAGR on luxury sedans and long-haul truck entries.

Larger packs require sandwich cooling plates, low-impedance busbars, and robust crash structures. Suppliers that master these features secure higher ASPs, reinforcing revenue concentration within the Europe NMC battery pack market.

Europe NMC Battery Pack Market: Market Share by Capacity — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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By Battery Form: Prismatic Leadership Faces Cylindrical Challenge

Prismatic cells controlled 49.33% in 2024 because European automakers value packing efficiency. Cylindrical formats, catalyzed by Tesla’s Berlin 4680 line, are expanding at 16.58% CAGR.

Cylindrical lines achieve faster takt times and simpler scaling, while pouch architectures serve niche shapes in sports cars. Flexible factories able to shift across form factors will outperform single-format specialists inside the Europe NMC battery pack industry.

By Voltage Class: High-Voltage Transition Accelerates

The 400-600 V class held 65.25% of the Europe NMC battery pack market in 2024, yet above 800 V packs grow at 16.18% CAGR as OEMs chase sub-20-minute charging.

Component libraries, including IGBTs and ceramic capacitors, must be upgraded to withstand higher voltage stress, raising the bill-of-materials cost. Suppliers with component partnerships mitigate this hurdle and gain early-adopter OEM contracts.

By Module Architecture: CTP Innovation Challenges Traditional CTM

Cell-to-Module (CTM) remained the standard at a 53.14% share in 2024, but Cell-to-Pack (CTP) variants logged a 17.13% CAGR within the European NMC battery pack market. Eliminating module casings yield energy-density gains.

CTP adoption compresses supplier tiers, favoring vertically integrated players that own cell, structure, and BMS IP. Module-only specialists must pivot to offering added-value services, such as rapid prototyping, to stay relevant.

Europe NMC Battery Pack Market: Market Share by Module Architecture — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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By Component: Cathode Dominance Reflects Value Concentration

Cathodes absorbed 50.21% of the pack value in 2024 and are expected to advance at a 15.35% CAGR, underscoring their leverage on chemistry and cost. Europe aims to increase its cathode demand domestically over the coming years, yet only two plants were operational in 2024.

Vertical integration moves from precursor to finished cathode, defines strategic differentiation and margin capture in the Europe NMC battery pack market.

Geography Analysis

Poland’s 46.80% share underscores its appeal to Asian investors, who prize low operating costs and proximity to German OEMs. The LG Energy Solution and SK bolster the European NMC battery pack market size in Poland On complexes near Wrocław, which are expected to exceed 50 GWh once fully ramped. Hungary follows with a 30.36% CAGR as CATL erects a Debrecen site, complemented by Samsung SDI’s expansion in Göd.

Germany remains the continent’s automotive anchor, pairing domestic pack demand with Northvolt’s Heide project backed in state aid. France strengthens supply security through ACC’s Billy-Berclau plant and Verkor’s Dunkirk gigafactory, both of which tap into French funding. Italy’s Termoli project complements ACC’s tri-national footprint, although timeline clarity remains uncertain.

The United Kingdom, navigating post-Brexit rules, concentrates incentives under its Advanced Manufacturing Plan to secure domestic cell capacity for Nissan and Jaguar Land Rover. Sweden’s Skellefteå campus, powered by hydro-electricity, supplies “green” cells to the broader European NMC battery pack market. Spain and the Czech Republic court future investments tied to Stellantis-CATL joint ventures, solidifying a pan-European mosaic that mitigates geopolitical risk and shortens supply chains.

Competitive Landscape

The Europe NMC battery pack market shows moderate concentration. CATL, LG Energy Solution, and Samsung SDI safeguard lead positions by combining proven yield learning curves with aggressive European capacity build-outs. ACC, and Verkor tap public financing and sustainability branding to chip at Asian dominance.

Technology leadership hinges on high-nickel chemistries, 800 V architectures, and CTP designs that eliminate modules to gain energy density. Northvolt’s closed-loop recycling and renewable-power sourcing offer OEMs carbon-footprint benefits, while ACC’s tri-country presence helps mitigate supply-chain shocks.

Strategic moves include CATL-BMW joint development of Qilin packs, LG Energy Solution’s long-term procurement deal with Stellantis, and Northvolt-Volvo’s Novo Energy plant in Sweden, each securing multi-year cell offtake and bolstering ecosystem resilience^{[3]“Novo Energy Construction Start,” Northvolt, northvolt.com}. Suppliers threading vertical integration from cathode to pack gain cost control and quality assurance, reinforcing their share prospects within the Europe NMC battery pack industry.

Europe NMC Battery Pack Industry Leaders

LG Energy Solution, Ltd.
Contemporary Amperex Technology Co., Limited (CATL)
Samsung SDI Co., Ltd.
ACC (Automotive Cells Company SE)
Groupe Renault
*Disclaimer: Major Players sorted in no particular order

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Recent Industry Developments

December 2024: Automotive Cells Company revealed plans for fresh debt to fund the second production block at its northern France gigafactory, targeting higher NMC output even as broader EV demand softened.
March 2024: Novo Energy, a Northvolt–Volvo Cars venture, broke ground on its Gothenburg plant to supply high-performance prismatic NMC cells for next-generation EVs.

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Our comprehensive data set offers over 120 free charts, providing detailed regional and country-level insights into the EV battery pack industry. This includes analyses of distribution and production centers, variations in average selling prices (ASPs) across different regions, and a deep dive into industry trends like demand shifts and technological innovations. We also offer a thorough market segmentation, examining different battery chemistries, capacities, and form factors, alongside an in-depth understanding of market trends such as the adoption of advanced technologies and the impact of environmental regulations. Additionally, we provide an overview of major industry players, a look at the regulatory landscape, and market size analysis in terms of revenue and volume, all culminating in projections and forecasts that consider emerging trends and potential industry shifts.

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Table of Contents for Europe NMC Battery Pack Industry Report

1. Introduction

1.1 Study Assumptions & Market Definition
1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

4.1 Market Overview
4.2 Key Industry Trends
- 4.2.1 Electric Vehicle Sales
- 4.2.2 Electric Vehicle Sales by OEMs
- 4.2.3 Best-selling EV Models
- 4.2.4 OEMs with Preferable Battery Chemistry
- 4.2.5 Battery Pack Price
- 4.2.6 Battery Material Cost
- 4.2.7 Battery Chemistry Price Comparison
- 4.2.8 EV Battery Capacity & Efficiency
- 4.2.9 Upcoming EV Models
- 4.2.10 Cell & Pack Capacity vs Utilization
- 4.2.11 Regulatory Framework
- 4.2.11.1 Type Approval & Pack Safety Standards
- 4.2.11.2 Market Access: Incentives, Local Content & Trade
- 4.2.11.3 End-of-Life: EPR, Second-Life & Recycling Mandates
- 4.2.12 Value Chain & Distribution Channel Analysis

5. Market Landscape

5.1 Market Overview
5.2 Market Drivers
- 5.2.1 EU Fit-for-55 CO₂ Targets Accelerating OEM Battery Demand
- 5.2.2 Rapid Scale-Up of European Gigafactories (Northvolt, ACC, Verkor)
- 5.2.3 IRA-Style Local-Content Rules in United Kingdom and EU Post-2027
- 5.2.4 OEM Shift to More than 400 V/800 V Architectures for Fast-Charging
- 5.2.5 Reduced Pack-Level Cobalt Content via High-Ni NMC Chemistries
- 5.2.6 Second-Life Stationary Storage Revenue Streams Improving TCO
5.3 Market Restraints
- 5.3.1 Nickel and Lithium Supply–Demand Volatility Through 2027
- 5.3.2 Recycling Capacity Lagging Pack Scrap Generation After 2028
- 5.3.3 Slow Homologation of Above 800 V Packs Under UN ECE R100
- 5.3.4 Rising ESG Scrutiny on Indonesian Ni Intermediates
5.4 Value / Supply-Chain Analysis
5.5 Regulatory Landscape
5.6 Technological Outlook
5.7 Porter’s Five Forces
- 5.7.1 Threat of New Entrants
- 5.7.2 Bargaining Power of Suppliers
- 5.7.3 Bargaining Power of Buyers
- 5.7.4 Threat of Substitutes
- 5.7.5 Competitive Rivalry

6. Market Size & Growth Forecasts (Value & Volume)

6.1 By Vehicle Type
- 6.1.1 Passenger Car
- 6.1.2 LCV (Light Commercial Vehicle)
- 6.1.3 Medium and Heavy-Duty Truck
- 6.1.4 Bus
6.2 By Propulsion Type
- 6.2.1 BEV (Battery Electric Vehicle)
- 6.2.2 PHEV (Plug-in Hybrid Electric Vehicle)
6.3 By Material
- 6.3.1 111
- 6.3.2 523
- 6.3.3 622
- 6.3.4 712
- 6.3.5 811
6.4 By Capacity
- 6.4.1 Less than 15 kWh
- 6.4.2 15 kWh to 40 kWh
- 6.4.3 40 kWh to 60 kWh
- 6.4.4 60 kWh to 80 kWh
- 6.4.5 80 kWh to 100 kWh
- 6.4.6 100 kWh to 150 kWh
- 6.4.7 Above 150 kWh
6.5 By Battery Form
- 6.5.1 Cylindrical
- 6.5.2 Pouch
- 6.5.3 Prismatic
6.6 By Voltage Class
- 6.6.1 Below 400 V (48-350 V)
- 6.6.2 400-600 V
- 6.6.3 600-800 V
- 6.6.4 Above 800 V
6.7 By Module Architecture
- 6.7.1 Cell-to-Module (CTM)
- 6.7.2 Cell-to-Pack (CTP)
- 6.7.3 Module-to-Pack (MTP)
6.8 By Component
- 6.8.1 Anode
- 6.8.2 Cathode
- 6.8.3 Electrolyte
- 6.8.4 Separator
6.9 By Country
- 6.9.1 France
- 6.9.2 Germany
- 6.9.3 Hungary
- 6.9.4 Italy
- 6.9.5 Poland
- 6.9.6 Sweden
- 6.9.7 United Kingdom
- 6.9.8 Rest of Europe

7. Competitive Landscape

7.1 Market Concentration
7.2 Strategic Moves
7.3 Market Share Analysis
7.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials as Available, Strategic Information, Market Rank/Share for Key Companies, Products and Services, SWOT Analysis, and Recent Developments)
- 7.4.1 ACC (Automotive Cells Company SE)
- 7.4.2 Envision AESC
- 7.4.3 BMZ Holding GmbH
- 7.4.4 Contemporary Amperex Technology Co., Limited (CATL)
- 7.4.5 Deutsche ACCUmotive GmbH & Co. KG
- 7.4.6 Farasis Energy Europe GmbH
- 7.4.7 Groupe Renault
- 7.4.8 LG Energy Solution, Ltd.
- 7.4.9 Samsung SDI Co., Ltd.
- 7.4.10 SK On Co., Ltd.
- 7.4.11 Verkor SA
- 7.4.12 EAS Batteries GmbH

8. Market Opportunities & Future Outlook

9. Key Strategic Questions for EV Battery Pack CEOs

10. Who Supplies Whom (OEM–Tier Map)

11. Localization & Cost Stack

11.1 BoM Split (USD/kWh)
11.2 Local vs Imported Content
11.3 Tariff/Subsidy Pass-Through

12. Capacity & Utilization Tracker

12.1 Cell GWh (Installed/Under-Build)
12.2 Utilization & Bottlenecks
12.3 New Plant Pipeline

13. Trade Flow & Import Dependence

14. Recycling & Second-Life Ecosystem

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List of Tables & Figures

Figure 1:
ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, EUROPE, 2017 - 2029

Figure 2:
ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, EUROPE, 2023

Figure 3:
ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, EUROPE, 2023

Figure 4:
BEST-SELLING EV MODELS, UNITS, EUROPE, 2023

Figure 5:
OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, EUROPE, 2023

Figure 6:
ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, EUROPE, 2017 - 2029

Figure 7:
ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, EUROPE, 2017 - 2029

Figure 8:
ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, EUROPE, 2017 - 2029

Figure 9:
EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, EUROPE, 2023

Figure 10:
UPCOMING EV MODELS, BY BODY TYPE, UNITS, EUROPE, 2023

Figure 11:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, KWH, EUROPE, 2017 - 2029

Figure 12:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, USD, EUROPE, 2017 - 2029

Figure 13:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY BODY TYPE, KWH, EUROPE, 2017 - 2029

Figure 14:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY BODY TYPE, USD, EUROPE, 2017 - 2029

Figure 15:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), EUROPE, 2022 & 2029

Figure 16:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2022 & 2029

Figure 17:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY BUS, KWH, EUROPE, 2017 - 2029

Figure 18:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY BUS, USD, EUROPE, 2017 - 2029

Figure 19:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 20:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY LCV, KWH, EUROPE, 2017 - 2029

Figure 21:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY LCV, USD, EUROPE, 2017 - 2029

Figure 22:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 23:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY M&HDT, KWH, EUROPE, 2017 - 2029

Figure 24:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY M&HDT, USD, EUROPE, 2017 - 2029

Figure 25:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 26:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY PASSENGER CAR, KWH, EUROPE, 2017 - 2029

Figure 27:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY PASSENGER CAR, USD, EUROPE, 2017 - 2029

Figure 28:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 29:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, EUROPE, 2017 - 2029

Figure 30:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY PROPULSION TYPE, USD, EUROPE, 2017 - 2029

Figure 31:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), EUROPE, 2022 & 2029

Figure 32:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2022 & 2029

Figure 33:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY BEV, KWH, EUROPE, 2017 - 2029

Figure 34:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY BEV, USD, EUROPE, 2017 - 2029

Figure 35:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 36:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY PHEV, KWH, EUROPE, 2017 - 2029

Figure 37:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY PHEV, USD, EUROPE, 2017 - 2029

Figure 38:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 39:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY CAPACITY, KWH, EUROPE, 2017 - 2029

Figure 40:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY CAPACITY, USD, EUROPE, 2017 - 2029

Figure 41:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), EUROPE, 2022 & 2029

Figure 42:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), EUROPE, 2022 & 2029

Figure 43:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, EUROPE, 2017 - 2029

Figure 44:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, EUROPE, 2017 - 2029

Figure 45:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 46:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, EUROPE, 2017 - 2029

Figure 47:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, EUROPE, 2017 - 2029

Figure 48:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 49:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, EUROPE, 2017 - 2029

Figure 50:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, EUROPE, 2017 - 2029

Figure 51:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 52:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, EUROPE, 2017 - 2029

Figure 53:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, EUROPE, 2017 - 2029

Figure 54:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 55:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY BATTERY FORM, KWH, EUROPE, 2017 - 2029

Figure 56:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY BATTERY FORM, USD, EUROPE, 2017 - 2029

Figure 57:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), EUROPE, 2022 & 2029

Figure 58:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), EUROPE, 2022 & 2029

Figure 59:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY CYLINDRICAL, KWH, EUROPE, 2017 - 2029

Figure 60:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY CYLINDRICAL, USD, EUROPE, 2017 - 2029

Figure 61:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 62:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY POUCH, KWH, EUROPE, 2017 - 2029

Figure 63:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY POUCH, USD, EUROPE, 2017 - 2029

Figure 64:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 65:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY PRISMATIC, KWH, EUROPE, 2017 - 2029

Figure 66:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY PRISMATIC, USD, EUROPE, 2017 - 2029

Figure 67:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 68:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY METHOD, KWH, EUROPE, 2017 - 2029

Figure 69:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY METHOD, USD, EUROPE, 2017 - 2029

Figure 70:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), EUROPE, 2022 & 2029

Figure 71:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, METHOD, VALUE SHARE (%), EUROPE, 2022 & 2029

Figure 72:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY LASER, KWH, EUROPE, 2017 - 2029

Figure 73:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY LASER, USD, EUROPE, 2017 - 2029

Figure 74:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 75:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY WIRE, KWH, EUROPE, 2017 - 2029

Figure 76:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY WIRE, USD, EUROPE, 2017 - 2029

Figure 77:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 78:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY COMPONENT, UNITS, EUROPE, 2017 - 2029

Figure 79:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY COMPONENT, USD, EUROPE, 2017 - 2029

Figure 80:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), EUROPE, 2022 & 2029

Figure 81:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), EUROPE, 2022 & 2029

Figure 82:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY ANODE, UNITS, EUROPE, 2017 - 2029

Figure 83:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY ANODE, USD, EUROPE, 2017 - 2029

Figure 84:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 85:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY CATHODE, UNITS, EUROPE, 2017 - 2029

Figure 86:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY CATHODE, USD, EUROPE, 2017 - 2029

Figure 87:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 88:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, EUROPE, 2017 - 2029

Figure 89:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY ELECTROLYTE, USD, EUROPE, 2017 - 2029

Figure 90:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 91:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY SEPARATOR, UNITS, EUROPE, 2017 - 2029

Figure 92:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY SEPARATOR, USD, EUROPE, 2017 - 2029

Figure 93:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 94:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY MATERIAL TYPE, KG, EUROPE, 2017 - 2029

Figure 95:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY MATERIAL TYPE, USD, EUROPE, 2017 - 2029

Figure 96:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), EUROPE, 2022 & 2029

Figure 97:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), EUROPE, 2022 & 2029

Figure 98:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY COBALT, KG, EUROPE, 2017 - 2029

Figure 99:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY COBALT, USD, EUROPE, 2017 - 2029

Figure 100:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 101:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY LITHIUM, KG, EUROPE, 2017 - 2029

Figure 102:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY LITHIUM, USD, EUROPE, 2017 - 2029

Figure 103:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 104:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY MANGANESE, KG, EUROPE, 2017 - 2029

Figure 105:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY MANGANESE, USD, EUROPE, 2017 - 2029

Figure 106:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 107:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, EUROPE, 2017 - 2029

Figure 108:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, EUROPE, 2017 - 2029

Figure 109:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 110:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY NICKEL, KG, EUROPE, 2017 - 2029

Figure 111:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY NICKEL, USD, EUROPE, 2017 - 2029

Figure 112:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 113:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY OTHER MATERIALS, KG, EUROPE, 2017 - 2029

Figure 114:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY OTHER MATERIALS, USD, EUROPE, 2017 - 2029

Figure 115:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 116:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY COUNTRY, KWH, EUROPE, 2017 - 2029

Figure 117:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY COUNTRY, USD, EUROPE, 2017 - 2029

Figure 118:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, COUNTRY, VOLUME SHARE (%), EUROPE, 2022 & 2029

Figure 119:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, COUNTRY, VALUE SHARE (%), EUROPE, 2022 & 2029

Figure 120:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY FRANCE, KWH, EUROPE, 2017 - 2029

Figure 121:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY FRANCE, USD, EUROPE, 2017 - 2029

Figure 122:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 123:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY GERMANY, KWH, EUROPE, 2017 - 2029

Figure 124:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY GERMANY, USD, EUROPE, 2017 - 2029

Figure 125:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 126:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY HUNGARY, KWH, EUROPE, 2017 - 2029

Figure 127:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY HUNGARY, USD, EUROPE, 2017 - 2029

Figure 128:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 129:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY ITALY, KWH, EUROPE, 2017 - 2029

Figure 130:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY ITALY, USD, EUROPE, 2017 - 2029

Figure 131:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 132:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY POLAND, KWH, EUROPE, 2017 - 2029

Figure 133:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY POLAND, USD, EUROPE, 2017 - 2029

Figure 134:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 135:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY SWEDEN, KWH, EUROPE, 2017 - 2029

Figure 136:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY SWEDEN, USD, EUROPE, 2017 - 2029

Figure 137:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 138:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY UK, KWH, EUROPE, 2018 - 2029

Figure 139:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY UK, USD, EUROPE, 2018 - 2029

Figure 140:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 141:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY REST-OF-EUROPE, KWH, EUROPE, 2017 - 2029

Figure 142:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BY REST-OF-EUROPE, USD, EUROPE, 2017 - 2029

Figure 143:
BREAKDOWN OF EUROPE NMC BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029

Figure 144:
EUROPE NMC BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022

Figure 145:
EUROPE NMC BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022

Figure 146:
EUROPE NMC BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2022

Europe NMC Battery Pack Market Report Scope

Bus, LCV, M&HDT, Passenger Car are covered as segments by Body Type. BEV, PHEV are covered as segments by Propulsion Type. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type. France, Germany, Hungary, Italy, Poland, Sweden, UK, Rest-of-Europe are covered as segments by Country.

By Vehicle Type

Passenger Car

LCV (Light Commercial Vehicle)

Medium and Heavy-Duty Truck

Bus

By Propulsion Type

BEV (Battery Electric Vehicle)

PHEV (Plug-in Hybrid Electric Vehicle)

By Material

111

523

622

712

811

By Capacity

Less than 15 kWh

15 kWh to 40 kWh

40 kWh to 60 kWh

60 kWh to 80 kWh

80 kWh to 100 kWh

100 kWh to 150 kWh

Above 150 kWh

By Battery Form

Cylindrical

Pouch

Prismatic

By Voltage Class

Below 400 V (48-350 V)

400-600 V

600-800 V

Above 800 V

By Module Architecture

Cell-to-Module (CTM)

Cell-to-Pack (CTP)

Module-to-Pack (MTP)

By Component

Anode

Cathode

Electrolyte

Separator

By Country

France

Germany

Hungary

Italy

Poland

Sweden

United Kingdom

Rest of Europe

By Vehicle Type	Passenger Car
	LCV (Light Commercial Vehicle)
	Medium and Heavy-Duty Truck
	Bus
By Propulsion Type	BEV (Battery Electric Vehicle)
	PHEV (Plug-in Hybrid Electric Vehicle)
By Material	111
	523
	622
	712
	811
By Capacity	Less than 15 kWh
	15 kWh to 40 kWh
	40 kWh to 60 kWh
	60 kWh to 80 kWh
	80 kWh to 100 kWh
	100 kWh to 150 kWh
	Above 150 kWh
By Battery Form	Cylindrical
	Pouch
	Prismatic
By Voltage Class	Below 400 V (48-350 V)
	400-600 V
	600-800 V
	Above 800 V
By Module Architecture	Cell-to-Module (CTM)
	Cell-to-Pack (CTP)
	Module-to-Pack (MTP)
By Component	Anode
	Cathode
	Electrolyte
	Separator
By Country	France
	Germany
	Hungary
	Italy
	Poland
	Sweden
	United Kingdom
	Rest of Europe

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Market Definition

Battery Chemistry - NCM battery type is considred under the scope of battery chemistry.
Battery Form - The types of battery forms offered under this segment include Cylindrical, Pouch and Prismatic.
Body Type - Body types considered under this segment include, passenger cars, LCV (light commercial vehicle), M&HDT (medium & heavy duty trucks)and buses.
Capacity - Various types of battery capacities inldude under theis segment are 15 kWH to 40 kWH, 40 kWh to 80 kWh, Above 80 kWh and Less than 15 kWh.
Component - Various components covered under this segment include anode, cathode, electrolyte, separator.
Material Type - Various material covered under this segment include cobalt, lithium, manganese, natural graphite, nickel, other material.
Method - The types of method covered under this segment include laser and wire.
Propulsion Type - Propulsion types considered under this segment include BEV (Battery electric vehicles), PHEV (plug-in hybrid electric vehicle).
ToC Type - ToC 4
Vehicle Type - Vehicle type considered under this segment include passenger vehicles, and commercial vehicles with various EV powertrains.

Keyword	Definition
Electric vehicle (EV)	A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
PEV	A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all electric vehicles as well as plug-electric vehicles as well as plug-in hybrids.
Battery-as-a-Service	A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge
Battery Cell	The basic unit of an electric vehicle's battery pack, typically a lithium-ion cell, that stores electrical energy.
Module	A subsection of an EV battery pack, consisting of several cells grouped together, often used to facilitate manufacturing and maintenance.
Battery Management System (BMS)	An electronic system that manages a rechargeable battery by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting data, controlling its environment, and balancing it.
Energy Density	A measure of how much energy a battery cell can store in a given volume, usually expressed in watt-hours per liter (Wh/L).
Power Density	The rate at which energy can be delivered by the battery, often measured in watts per kilogram (W/kg).
Cycle Life	The number of complete charge-discharge cycles a battery can perform before its capacity falls under a specified percentage of its original capacity.
State of Charge (SOC)	A measurement, expressed as a percentage, that represents the current level of charge in a battery compared to its capacity.
State of Health (SOH)	An indicator of the overall condition of a battery, reflecting its current performance compared to when it was new.
Thermal Management System	A system designed to maintain optimal operating temperatures for an EV's battery pack, often using cooling or heating methods.
Fast Charging	A method of charging an EV battery at a much faster rate than standard charging, typically requiring specialized charging equipment.
Regenerative Braking	A system in electric and hybrid vehicles that recovers energy normally lost during braking and stores it in the battery.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms