Global High Voltage Battery Market By Battery Capacity (75 kWh–150 kWh, 151 kWh–225 kWh, 226 kWh–300 kWh, >300 kWh), By Voltage (400–600V, >600V), By Vehicle (Passenger Cars (PC), Buses, Trucks), By Battery Type (LFP, NCA, NMC), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

A high voltage battery is the power source for today’s electric vehicles, which stores energy that is then used to power a vehicle for transportation. Now, these high-voltage batteries power not just the car, but also the primary electrical components in the vehicle for the driver and passengers to use.

Detailed Segmentation –

The global high voltage battery market is segmented on the basis of – Battery Capacity, Voltage, Vehicle Type, Battery Type, and Region. The detailed segmental description is represented below:

Based on Battery Capacity:

• 75 kWh–150 kWh
• 151 kWh–225 kWh
• 226 kWh–300 kWh
• >300 kWh

Based on Voltage:

• 400–600V
• >600V

Based on Vehicle Type:

• Passenger Cars (PC)
• Buses
• Trucks

Based on Battery Type:

• LFP
• NCA
• NMC
• Other Battery Types

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics –

Drivers for the Global High Voltage Battery Market:

The increased demand for higher voltage systems, as well as a surge in the demand for electric vehicles and fast-charging batteries, will help augment this target market in the years to come. Furthermore, significant technological developments and modernization levels in the manufacturing process are also expected to further contribute.

Restraints for the Global High Voltage Battery Market:

However, increasing development costs and a lack of competence to extend the life of lithium batteries are among the primary challenges limiting this market’s revenue growth trajectory. This factor is anticipated to negatively impact this target market as a whole.

Opportunities for the Global High Voltage Battery Market:

Surging government investments towards the development of smart cities and other related infrastructure for future mobility and transportation solutions such as battery-operated trains, buses, and trucks will provide new opportunities for this market.

Competitive Landscape –

Key players in this market are –

• Tesla
• BYD Company Ltd.
• Panasonic Corporation
• LG Chem
• Continental AG
• SAMSUNG SDI
• XALT Energy LLC
• ABB Ltd.
• Contemporary Amperex Technology Co Limited
• Siemens AG
• PROTERRA
• Robert Bosch GmbH
• Delphi Technologies
• Mitsubishi Electric Corporation
• Nissan
• Johnson Controls
• ChargePoint Inc.
• Magna International Inc.
• others

These key industry players are now focusing on mergers, partnerships, acquisitions, product developments, and collaboration strategies, in order to sustain their respective competitive edge.

Key developments –

2018:

• In May 2018, to secure a 100% electric bus fleet, Proterra provided new high-power charging alternatives. Proterra unveiled new technologies for reliable, smarter charging that is adaptable, scalable, and powerful at the American Public Transportation Association’s (APTA) Bus & Paratransit Conference.

2017:

• In November 2017, Tesla showcased a semitruck prototype. Any trailer can be connected to this vehicle; no brand-specific trailer is required. With a battery capacity of 800–1,000 kWh, these semitrucks can be driven for around 600 miles. By 2019, this semitruck will be in full production.
• In October 2017, LG Chem, a prominent advanced battery manufacturer based in Korea, had announced the development of an EV battery plant in Wroclaw, Poland. By the end of 2018, LG Chem plans to invest almost USD 340 million in the plant, which will manufacture lithium-ion batteries. In Poland, this business expects to create 100,000 electric vehicle batteries each year.

2016:

• In July 2016, Tesla started its Gigafactory in the US, which is one of the largest manufacturing plants of batteries for electric vehicles, in terms of capacity. The company designed it with the future requirement for electric vehicles in mind.

For the High Voltage Battery Market research study, the following years have been considered to estimate the market size: