Growing demand for emission control systems and the establishment of green power generation for Electric Vehicle Batteries are driving the demand for the market.
Market Size – USD 13.36 Billion in 2019, Market Growth – CAGR of 15.1%, Market Trends – High demand in the e-mobility trend.
The Global Electric Vehicle Battery Market is expected to reach USD 46.80 billion by 2027, according to a new report by Emergen Research. A major factor driving growth is the rising demand for alternative energy sources. The power generation of electricity reduces carbon dioxide emissions or other dangerous pollutants effectively. Hence, electric vehicle battery technology has a major role to play in resolving environmental issues and promoting the use of renewable energy carriers. Continued product advances and technologies are expected to bring new possibilities for emerging players.
The report offers an industry-wide and economy-wide analysis of the current market scenario, supply and demand scenario, sales network, and production capacity. It also offers insights into the capacity, production and consumption rate, sales, gross revenue, import/export, pricing analysis, profit margins, and cost volatility. The study provides the reader with extensive coverage of all the relevant market aspects such as driving factors, restraints, limitations, opportunities, and other key influencing elements.
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Key Highlights From The Report
In the forecast period, the lithium-ion battery segment is expected to dominate the market. Technological progress, which has led to a dramatic rise in the lithium-ion battery market’s energy density even while reducing the overall cost of lithium-ion batteries, has allowed EV adoption to increase.
The major potential for market expansion identified in the near future is expected to be provided by the capable government policies and expenditure for expanding the public charging system, coupled with the increased efficacy of the electric vehicle.
Asia-Pacific is the fastest-growing section due to the Chinese government’s supportive policies and China’s growth as the world’s hub for EV batteries.
Key players in the market include A123 Systems, East Penn Manufacturing Company, LLC, BYD Co. Ltd., EnerSys, GS Yuasa Corporation, Hitachi, Ltd., Exide Technologies, Johnson Controls, LG Chem Ltd., and Duracell, among others.
Market Segmentation:
Emergen Research has segmented the global Electric Vehicle Battery Market on the basis of vehicle type, battery type, propulsion, and region:
Battery Type Outlook (Revenue, USD Billion; 2017-2027)
Lithium-Ion
Lead-Acid
Nickel-Metal Hydride
Sodium-Ion
Others
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Passenger Vehicles
Commercial Vehicles
Propulsion Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
Battery Electric Vehicle
Plug-In Hybrid Electric Vehicle
Key geographical regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key highlights of the report:
Report Coverage: In this section of the report, significant information about the leading manufacturers, market segments, estimated timeline, and the most reliable products offered in this industry has been entailed.
Executive Summary:This section extensively assesses the competitive landscape, previous research studies, key market drivers, opportunities, restraints, challenges, trends, anticipated CAGR, and a study of micro- and macro-economic factors.
Regional Analysis: The report offers vital information related to the production capacity, demand and supply ratios, import &export status, and key players of the regional segments of the global Electric Vehicle Battery market.
Company Profiles: The key market players have been profiled in the report based on their market value, volume, production capacity, product portfolios, and various other aspects.
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Electric Vehicle Battery Market Segmentation & Impact Analysis
4.1. Electric Vehicle Battery Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Government subsidies for Electric Vehicle Battery programs
4.2.2.2. Rising demand for Electric Vehicle Battery systems
4.2.3. Market restraints analysis
4.2.3.1. Lack of skilled labor during COVID-19
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Electric Vehicle Battery Market By Battery Type Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
5.1. Battery Type Dynamics & Market Share, 2019 & 2027
5.1.1. Lithium-Ion
5.1.2. Lead-Acid
5.1.3. Nickel-Metal Hydride
5.1.4. Sodium-Ion
5.1.5. Others
READ MORE…!
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
