• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    Japan Electric Vehicles Battery Market

    ID: MRFR/AM/52427-HCR
    200 Pages
    Sejal Akre
    September 2025

    Japan Electric Vehicles Battery Market Research Report By Battery Type (Lithium-Ion, Solid-State, Nickel-Metal Hydride, Lead-Acid), By Electric Vehicle Type (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, Hybrid Electric Vehicle), By Application (Automotive, Public Transport, Two-Wheeler, Energy Storage System) and By Capacity (Below 20 kWh, 20 kWh to 50 kWh, 51 kWh to 100 kWh, Above 100 kWh)- Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Japan Electric Vehicles Battery Market Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    Japan Electric Vehicles Battery Market Summary

    The Japan Electric Vehicles Battery market is poised for substantial growth, projected to reach 25 USD Billion by 2035.

    Key Market Trends & Highlights

    Japan Electric Vehicles Battery Key Trends and Highlights

    • The market valuation is estimated at 4.47 USD Billion in 2024, indicating a robust starting point for growth.
    • From 2025 to 2035, the market is expected to expand at a compound annual growth rate (CAGR) of 16.94%.
    • By 2035, the market is projected to reach a remarkable 25 USD Billion, reflecting increasing demand for electric vehicles.
    • Growing adoption of electric vehicles due to environmental concerns is a major market driver.

    Market Size & Forecast

    2024 Market Size 4.47 (USD Billion)
    2035 Market Size 25 (USD Billion)
    CAGR (2025-2035) 16.94%

    Major Players

    CATL, Mitsubishi, Samsung SDI, Denso, BYD, SK Innovation, Toshiba, Panasonic, LG Energy Solution, SCP Solid State Battery, Hitachi, Aisin, GS Yuasa, Toyota

    Japan Electric Vehicles Battery Market Trends

    The Japan Electric Vehicles Battery Market is witnessing significant trends driven by government initiatives promoting clean energy and sustainability. The Japanese government has set ambitious targets for reducing carbon emissions, which encourages the production and adoption of electric vehicles (EVs). This policy direction is supported by incentives for consumers and manufacturers alike, leading to increased investments in battery technology and infrastructure development. 

    Additionally, automakers in Japan are focusing on enhancing battery performance, such as improving energy density and lifespan, which reflects a trend toward innovation and competitiveness in the market.Opportunities to be explored in Japan's electric vehicle battery sector include advancements in solid-state battery technology, which promises increased safety and efficiency. Collaborations between automotive manufacturers and battery developers are increasingly common, leading to the creation of advanced batteries that complement the growing EV market. The rise of domestic and international players entering the market indicates a vibrant competitive landscape where innovation can flourish. 

    This strategy not only aids in maintaining supply chain stability but also boosts the local economy by creating jobs in the high-tech sector. As the electrification of transportation accelerates, Japan’s electric vehicle battery market is poised for substantial evolution, reflecting the nation's commitment to sustainable innovation.

    Market Segment Insights

    Japan Electric Vehicles Battery Market Segment Insights

    Japan Electric Vehicles Battery Market Segment Insights

    Electric Vehicles Battery Market Battery Type Insights

    Electric Vehicles Battery Market Battery Type Insights

    The Japan Electric Vehicles Battery Market is increasingly shaped by the various battery types utilized within the industry, each of which presents unique advantages and challenges. As Japan continues to escalate its shift towards electric mobility, the necessity for effective and efficient battery systems remains paramount. Lithium-ion batteries, widely recognized for their high energy density and efficiency, are currently leading the market due to their adaptability in electric vehicles and their ability to provide substantial power.

    Significantly contributing to the growth and demand within this segment, these batteries have garnered widespread acceptance for both passenger and commercial vehicles, bolstered by the government’s initiatives towards reducing carbon footprints and enhancing performance standards for electric vehicles.

    In contrast, Solid-State batteries are gaining traction owing to their promising advancements. These batteries are renowned for their safety features and energy density improvements and are being diligently explored by numerous manufacturers aiming to address the critical concerns of reliability and lifespan in electric vehicles. This segment holds considerable promise for the future growth of the Japan Electric Vehicles Battery Market, creating opportunities for innovative research and development efforts aimed at scaling production and integrating this technology into vehicles.

    Moreover, Nickel-Metal Hydride batteries, though currently less prevalent compared to Lithium-Ion batteries, still hold a significant place in the market, particularly for hybrid electric vehicles. Their ability to endure a higher number of charge-discharge cycles positions them as a durable option, appealing to a niche but important segment of the market. This category has historically provided robust performance although facing competition from newer technologies.

    Electric Vehicles Battery Market Electric Vehicle Type Insights

    Electric Vehicles Battery Market Electric Vehicle Type Insights

    The Japan Electric Vehicles Battery Market is significantly impacted by Electric Vehicle Type, which encompasses Battery Electric Vehicles, Plug-In Hybrid Electric Vehicles, and Hybrid Electric Vehicles. Battery Electric Vehicles, driven by the push for environmentally friendly transportation options, are becoming increasingly popular as they rely wholly on electric power, showcasing the commitment of Japan to reducing carbon emissions. Plug-In Hybrid Electric Vehicles offer versatility by combining electric and gasoline power, enabling longer travel distances while still embracing cleaner energy solutions.

    Hybrid Electric Vehicles, which use both traditional combustion engines and battery power, are essential in transitioning consumers to fully electric options by providing a familiar driving experience while improving fuel efficiency. This market segment is driven by innovations in battery technology, supportive government policies promoting electric mobility, and a growing consumer preference for sustainable transportation options.

    The evolution of infrastructure, including charging stations, is anticipated to further enhance these vehicle types' adoption, making them a pivotal element of Japan's goal for a greener future in mobility.Overall, the focus on these vehicle types reflects Japan's broader strategy of fostering sustainable transportation and reducing reliance on fossil fuels.

    Electric Vehicles Battery Market Application Insights

    Electric Vehicles Battery Market Application Insights

    The Japan Electric Vehicles Battery Market is witnessing significant growth, particularly across various applications such as Automotive, Public Transport, Two-Wheeler, and Energy Storage System. The automotive sector stands out as a major contributor to market dynamics, driven by increasing consumer demand for electric vehicles and supportive government policies promoting sustainable transportation. Public transport is also increasingly adopting electric buses and vehicles, enhancing urban mobility and reducing carbon emissions. 

    The two-wheeler segment is experiencing a surge in popularity, especially among urban commuters, aligning with Japan's efforts to encourage environmentally friendly transport alternatives.Meanwhile, Energy Storage Systems are gaining traction as an essential component for integrating renewable energy sources into the grid, facilitating energy management, and enhancing overall energy efficiency. As Japan focuses on achieving carbon neutrality, these application segments will play a critical role in shaping the future trajectory of the Japan Electric Vehicles Battery Market. The combination of government initiatives, technological advancements, and rising consumer awareness is driving these segments toward growth and expansion in the coming years.

    Electric Vehicles Battery Market Capacity Insights

    Electric Vehicles Battery Market Capacity Insights

    The Japan Electric Vehicles Battery Market is witnessing considerable growth, particularly within the Capacity segment, which plays a critical role in shaping the overall landscape. This segment encompasses various categories, including Below 20 kWh, 20 kWh to 50 kWh, 51 kWh to 100 kWh, and Above 100 kWh, each serving distinct consumer needs. The Below 20 kWh capacity is essential for lightweight electric vehicles and serves short-range commuting needs, appealing to urban users. 

    Meanwhile, the 20 kWh to 50 kWh category is gaining traction for compact electric vehicles that balance range and affordability efficiently.The 51 kWh to 100 kWh segment is crucial as it supports mid-range electric vehicles, allowing for longer drives, which is particularly relevant for Japan's extensive urban-to-rural transportation networks. The Above 100 kWh capacity is significant for high-performance electric vehicles, meeting the demand for long-distance travel and enabling advanced features and technology in the automotive sector.

    Overall, the Capacity segment presents unique opportunities and challenges, including advancements in energy density and sustainability, as Japan gears toward its commitment to reducing carbon emissions and promoting electric mobility.

    Get more detailed insights about Japan Electric Vehicles Battery Market Research Report- Forecast To 2035

    Key Players and Competitive Insights

    The Japan Electric Vehicles Battery Market is an increasingly competitive landscape, driven by the rapid expansion of the electric vehicle sector and a strong governmental push towards renewable energy sources. This market has become a focal point for key players who are investing heavily in research and development to strengthen their product offerings and establish themselves in this growing industry. The competitive dynamics are influenced by a combination of technological advancements, changing consumer preferences, and evolving regulatory frameworks, which make the landscape complex yet vibrant. 

    Companies are focusing on enhancing battery efficiency, reducing costs, and increasing energy density in order to meet the evolving demands of electric vehicle manufacturers and consumers alike. As competition intensifies, collaborations and partnerships among manufacturers are becoming more prevalent as they strive to capitalize on the opportunities within the market while addressing challenges such as supply chain constraints and environmental sustainability.CATL is a significant player within the Japan Electric Vehicles Battery Market, showcasing a strong commitment to innovation and technology.

    Their focus on high-quality lithium-ion batteries has allowed them to establish a prominent market presence characterized by robust production capabilities and a diverse range of products tailored for various electric vehicle models. 

    The strengths of CATL include their advanced technology in battery systems, strategic partnerships with automakers, and an extensive supply chain network that supports their operational efficiency. Their ability to adapt to market demands and incorporate feedback into their manufacturing processes has solidified their reputation as a reliable supplier. Additionally, CATL’s emphasis on sustainability and environmental responsibility has resonated well within the Japanese market, further enhancing their competitive standing.Mitsubishi, with its deep-rooted history in the automotive sector, plays a notable role in the Japan Electric Vehicles Battery Market.

    The company focuses on the development of advanced battery technologies, offering a range of energy storage solutions that complement their electric vehicle lineup. 

    Mitsubishi has positioned itself as a strong contender through its commitment to innovation and sustainability. Their market presence is underpinned by a variety of strategic partnerships and collaborations that enhance their technological capacity and broaden their reach in the electric vehicle segment. Not only does Mitsubishi invest in cutting-edge battery technologies, but they also aim to achieve greater operational efficiencies through mergers and acquisitions that allow them to scale their capabilities in battery production.

    The company's key products and services reflect their commitment to meeting the increasing demands for electric vehicles while maintaining a focus on long-term sustainability strategies, making them an integral player in shaping Japan’s electric vehicle market landscape.

    Key Companies in the Japan Electric Vehicles Battery Market market include

    Industry Developments

    Recent developments in the Japan Electric Vehicles Battery Market have showcased significant advancements and collaborations among key players such as CATL, Mitsubishi, Samsung SDI, Denso, BYD, SK Innovation, Toshiba, Panasonic, LG Energy Solution, SCP Solid State Battery, Hitachi, Aisin, GS Yuasa, and Toyota. Notably, in September 2022, Samsung SDI announced the establishment of a new battery plant in Japan to ramp up production capacity, responding to the rising demand for electric vehicle batteries. Concurrently, Panasonic's increased investment in its battery production capabilities is anticipated to bolster its market position.

    The Japan government has been actively promoting the transition to electric vehicles, emphasizing the innovation and development of battery technologies, reflecting a growth trajectory in market valuation. In July 2023, Toshiba reported its plans to introduce solid-state battery technology in collaboration with various automotive manufacturers, aiming to enhance safety and efficiency. Meanwhile, LG Energy Solution and Toyota have signaled intentions to strengthen their partnership in battery development, aligning with government initiatives for sustainable transportation. The combination of these efforts underlines a concerted push toward advancing Japan's position in the global electric vehicle battery landscape.

    Market Segmentation

    Electric Vehicles Battery Market Capacity Outlook

    • Below 20 kWh
    • 20 kWh to 50 kWh
    • 51 kWh to 100 kWh
    • Above 100 kWh

    Electric Vehicles Battery Market Application Outlook

    • Automotive
    • Public Transport
    • Two-Wheeler
    • Energy Storage System

    Electric Vehicles Battery Market Battery Type Outlook

    • Lithium-Ion
    • Solid-State
    • Nickel-Metal Hydride
    • Lead-Acid

    Electric Vehicles Battery Market Electric Vehicle Type Outlook

    • Battery Electric Vehicle
    • Plug-In Hybrid Electric Vehicle
    • Hybrid Electric Vehicle

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 4.47 (USD Billion)
    MARKET SIZE 2024 5.5 (USD Billion)
    MARKET SIZE 2035 25.0 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 14.757% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED CATL, Mitsubishi, Samsung SDI, Denso, BYD, SK Innovation, Toshiba, Panasonic, LG Energy Solution, SCP Solid State Battery, Hitachi, Aisin, GS Yuasa, Toyota
    SEGMENTS COVERED Battery Type, Electric Vehicle Type, Application, Capacity
    KEY MARKET OPPORTUNITIES Government incentives for EV adoption, Growing demand for high-capacity batteries, Expansion of charging infrastructure, Technological advancements in battery recycling, Increased investments in R&D initiatives
    KEY MARKET DYNAMICS increasing demand for EVs, supportive government policies, technological advancements in batteries, infrastructure development for charging, competition among battery manufacturers
    COUNTRIES COVERED Japan

    FAQs

    What is the expected market size of the Japan Electric Vehicles Battery Market by 2024?

    The Japan Electric Vehicles Battery Market is expected to be valued at 5.5 billion USD by the year 2024.

    What is the projected market value of the Japan Electric Vehicles Battery Market by 2035?

    By 2035, the Japan Electric Vehicles Battery Market is projected to reach a value of 25.0 billion USD.

    What is the expected compound annual growth rate (CAGR) for the Japan Electric Vehicles Battery Market from 2025 to 2035?

    The Japan Electric Vehicles Battery Market is expected to have a CAGR of 14.757% from 2025 to 2035.

    What are the primary battery types driving the Japan Electric Vehicles Battery Market?

    The primary battery types include Lithium-Ion, Solid-State, Nickel-Metal Hydride, and Lead-Acid.

    What is the market size of the Lithium-Ion battery segment in the Japan Electric Vehicles Battery Market by 2024?

    The Lithium-Ion battery segment is valued at 3.6 billion USD in the year 2024.

    What is the anticipated market size for Solid-State batteries by 2035 in Japan?

    The Solid-State battery segment is expected to reach a market size of 4.5 billion USD by the year 2035.

    What is the market value of Nickel-Metal Hydride batteries in the year 2024?

    In 2024, the market value of Nickel-Metal Hydride batteries is around 0.5 billion USD.

    Who are some of the major players in the Japan Electric Vehicles Battery Market?

    Major players in the market include CATL, Mitsubishi, Samsung SDI, Denso, BYD, SK Innovation, and more.

    How much is the Lead-Acid battery segment estimated to be worth by 2035?

    The Lead-Acid battery segment is expected to have a market value of 1.5 billion USD by 2035.

    What are the growth drivers for the Japan Electric Vehicles Battery Market?

    The growth drivers include increasing electric vehicle adoption, advancements in battery technology, and government initiatives supporting clean energy.

    Japan Electric Vehicles Battery Market Research Report- Forecast To 2035 Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study
    Chemicals and Materials