CANADA EV BATTERY PACK MARKET SIZE & SHARE ANALYSIS – GROWTH TRENDS & FORECASTS (2024

Market Snapshot

The Canada EV Battery Pack Market is segmented by body type (bus, light commercial vehicles (LCVs), medium and heavy-duty trucks (M&HDTs), passenger cars), propulsion type (Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs)), battery chemistry (lithium iron phosphate (LFP), nickel cobalt aluminum (NCA), nickel cobalt manganese (NCM), nickel manganese cobalt (NMC), others), capacity (less than 15 kWh, 15–40 kWh, 40–80 kWh, above 80 kWh), and battery form (cylindrical, pouch, prismatic). As a key player in North America, Canada’s EV battery pack market is driven by growing EV adoption, government incentives, and strategic investments in local manufacturing facilities.

Market Overview

The Canada EV Battery Pack Market is expanding rapidly due to increasing government support for clean energy, subsidies for EV adoption, and investments in battery production. The market benefits from Canada’s vast natural resources, including lithium, nickel, and cobalt, essential for battery manufacturing. Collaboration between automakers and battery producers is further strengthening the industry.

Key Market Trends

Expansion of Domestic Production: Canada is investing in gigafactories to localize battery production and reduce reliance on imports.
Strategic Partnerships: Collaborations between Canadian mining companies and battery manufacturers are ensuring a steady supply of raw materials.
Government Incentives: Policies like the Zero Emission Vehicle (ZEV) mandate are driving EV adoption and boosting demand for battery packs.
Advancements in Battery Technology: Canadian firms are exploring solid-state batteries and cobalt-free chemistries to improve efficiency and sustainability.
Electrification of Public Transport: Increasing adoption of electric buses and LCVs for urban transit solutions is driving growth.

Competitive Landscape

The Canada EV Battery Pack Market is competitive, with established global manufacturers and domestic players focusing on innovation, capacity expansion, and sustainability. Strategic partnerships with automakers are further enhancing market dynamics.

Major Players

Ambri Inc.: Specializes in innovative energy storage solutions and battery technologies for EV applications.
Contemporary Amperex Technology Co. Ltd. (CATL): A global leader in EV battery manufacturing, with partnerships in North America.
Envision AESC Japan Co. Ltd.: Known for its high-performance battery systems and collaborations with Canadian automakers.
Imperium3 New York (IM3NY): Focuses on sustainable battery production and is expanding operations to serve the Canadian market.
LG Energy Solution Ltd.: A major supplier of EV batteries, investing in North American production facilities.
Panasonic Holdings Corporation: Known for its advanced battery technologies and partnerships with Tesla and other OEMs.
Samsung SDI Co. Ltd.: Supplies high-energy-density battery packs for the growing Canadian EV market.
SK Innovation Co. Ltd.: Provides next-generation battery solutions for Canadian and North American automakers.
Sila Nanotechnologies Inc.: Focuses on advanced battery materials and improving energy density for EVs.
Tesla Inc.: A leader in EVs and battery innovation, expanding its presence in the Canadian market.

Recent Developments

October 2023: LG Energy Solution announced a joint venture with a Canadian automaker to build a battery production facility in Ontario.
August 2023: Tesla opened a new battery storage facility in Canada, enhancing its supply chain for EV production.
July 2023: Panasonic partnered with a Canadian mining company to secure raw materials for lithium-ion battery production.
May 2023: SK Innovation began operations at a new battery research center in Canada focused on solid-state technology.
March 2023: Ambri Inc. launched a pilot project in Canada to test long-duration energy storage solutions for EVs.

Table of Content

1. INTRODUCTION

1.1. Study Assumptions & Market Definition

1.2. Scope of the Study

1.3. Research Methodology

1.3.1. Secondary Research

1.3.2. Primary Research

1.4. Executive Summary & Key Findings Report

1.5. Global Overview

1.5.1. Porter’s Five Forces Framework

1.5.2. Global Value Chain Analysis

1.5.3. Global Market Size and Drivers, Restraints, and Opportunities

2. KEY INDICATIVE METRICS

2.1. Electric Vehicle Sales

2.2. Electric Vehicle Sales By OEMs

2.3. Best-selling EV Models

2.4. OEMs With Preferable Battery Chemistry

2.5. Battery Pack Price

2.6. Battery Material Cost

2.7. Price Chart Of Different Battery Chemistry

2.8. Who Supply Whom

2.9. EV Battery Capacity And Efficiency

2.10. Number Of EV Models Launched

2.11. Regulatory Framework

2.11.1. Canada

2.12. Value Chain & Distribution Channel Analysis

3. MARKET SEGMENTATION (INCLUDES MARKET SIZE, FORECASTS AND ANALYSIS OF GROWTH PROSPECTS)

3.1. Body Type

3.1.1. Bus

3.1.2. LCV

3.1.3. M&HDT

3.1.4. Passenger Car

3.2. Propulsion Type

3.2.1. BEV

3.2.2. PHEV

3.3. Battery Chemistry

3.3.1. LFP

3.3.2. NCA

3.3.3. NCM

3.3.4. NMC

3.3.5. Others

3.4. Capacity

3.4.1. 15 kWh to 40 kWh

3.4.2. 40 kWh to 80 kWh

3.4.3. Above 80 kWh

3.4.4. Less than 15 kWh

3.5. Battery Form

3.5.1. Cylindrical

3.5.2. Pouch

3.5.3. Prismatic

3.6. Method

3.6.1. Laser

3.6.2. Wire

3.7. Component

3.7.1. Anode

3.7.2. Cathode

3.7.3. Electrolyte

3.7.4. Separator

3.8. Material Type

3.8.1. Cobalt

3.8.2. Lithium

3.8.3. Manganese

3.8.4. Natural Graphite

3.8.5. Nickel

3.8.6. Other Materials

4. COMPETITIVE LANDSCAPE

4.1. Key Strategic Moves

4.2. Market Share Analysis

4.3. Company Landscape

4.4. Company Profiles

4.4.1. Ambri Inc.

4.4.2. Contemporary Amperex Technology Co. Ltd. (CATL)

4.4.3. Envision AESC Japan Co. Ltd.

4.4.4. Imperium3 New York (IM3NY)

4.4.5. LG Energy Solution Ltd.

4.4.6. Panasonic Holdings Corporation

4.4.7. Samsung SDI Co. Ltd.

4.4.8. Sila Nanotechnologies Inc.

4.4.9. SK Innovation Co. Ltd.

4.4.10. Tesla Inc.

5. KEY STRATEGIC QUESTIONS FOR INDUSTRY PROFESSIONALS IN CANADA EV BATTERY PACK MARKET

6. APPENDIX

Research Methodology

Data Collection and Analysis Methods

Datanumero’s research methodology encompasses a thorough approach aimed at ensuring accuracy and reliability in market estimation and forecasting. Our process begins with preliminary data mining, where we gather raw market data from a diverse range of validated sources. This data undergoes rigorous filtration to ensure authenticity, with inputs also drawn from reputable reports, paid databases, and our repository. Our goal is to map the complete market value chain, gathering insights from raw material suppliers, distributors, and buyers.Additionally, we delve into technical issues and trends through surveys, technical symposia, and trade journals, focusing on intellectual property perspectives such as white space and freedom of movement. Industry dynamics, including drivers, restraints, and pricing trends, are thoroughly examined. This approach ensures that our material is rich in original data, further cross-validated and authenticated with published sources for accuracy.

Market estimates and forecasts are derived using sophisticated statistical models tailored to each study. These models incorporate inputs on market dynamics, technology landscapes, application development, and pricing trends. We analyze these factors comparatively, quantifying their impact using correlation, regression, and time series analysis. Our forecasting techniques combine economic tools, technological analysis, industry experience, and domain expertise.Primary validation represents the final step, involving exhaustive interviews with key industry participants. These interviews, conducted globally and across various language barriers, validate our findings and assumptions. Key industry participants include market-leading companies, raw material suppliers, product distributors, and buyers. This primary research not only ensures data accuracy but also provides critical insights into the current market scenario, business landscape, and future expectations, enhancing the quality of our reports.

Industry Analysis Approach

In our analysis, we employ both qualitative and quantitative methodologies. Qualitatively, we delve into the industry landscape, trends, market dynamics, and key issues. We explore the technology landscape and identify market opportunities for our clients. Our approach includes Porter’s analysis and PESTEL analysis to understand the competitive landscape and conduct component benchmarking.On the quantitative front, we provide market revenue estimates and forecasts up to specified timeframes, including breakdowns by technology, application, type, and component. Regional market revenue forecasts are also provided, giving clients a comprehensive view of market dynamics across different geographical areas.By integrating these methodologies, DataNumero ensures a holistic, unbiased, and accurate assessment of market trends, opportunities, and future expectations, positioning us as a professional and reliable market research partner.

CANADA EV BATTERY PACK MARKET SIZE & SHARE ANALYSIS – GROWTH TRENDS & FORECASTS (2024 – 2030)