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 on the Global Electric Vehicle Battery Market is an investigative study that offers insights into the trends and opportunities in the Electric Vehicle Battery industry. Additionally, the report sheds light on various industry verticals such as company profiles, competitive landscape, product portfolio, geographical scope, recent developments, market share and size, and revenue analysis, among others. The report also offers an in-depth analysis of the global market, market segmentation, revenue growth estimations, and market scope in the key geographical regions of the world.
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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.
- Due to the growing demand for battery-powered buses and lightweight trucks, the commercial segment is expected to grow continuously over the predicted span.
- 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.
Global Electric Vehicle Battery Market Scope and Size
The Electric Vehicle Battery Market is further segmented into product types, application spectrum, end-user industries, and technology, among others. The analysis of the different segments offers a deeper insight into the different growth factors that are expected to drive the growth of the market.
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
Additionally, the report offers market share data for the global spread of the Electric Vehicle Battery industry. Key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are studied to assess the market size, market share, production and consumption patterns, import/export, supply and demand ratio, and revenue contributions. Furthermore, the regions are also studied to understand the operations of the key players located in the region.
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Key Reasons to Buy This Report:
- The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
- It entails a detailed inspection of the Electric Vehicle Battery market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
- The report provides the reader with a deep understanding of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and powerful business tactics.
- Furthermore, the report identifies the key regions and segments that influence the Electric Vehicle Battery market.
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
READ MORE…!
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About Emergen Research
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