Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Electric Vehicle Battery Market for the years 2023–2030.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Electric Vehicle Battery Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
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Market Overview:
Global Electric Vehicle (EV) Battery Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2030.
An electric vehicle battery is a rechargeable battery that helps to power the electric motors of a battery electric vehicle or hybrid electric vehicle. Generally, lithium-ion batteries are designed for high electric charge capacity. The surging demand for electric vehicles, rising advancements in battery technology, and availability of favorable government policies and regulations act as catalyzing factors for market growth around the world.
According to Statista, the total production of hybrid electric vehicles worldwide is recorded at 2.9 million vehicles in 2020, which is projected to grow and is likely to reach 5.4 million vehicles by the year 2025. Thereby, the rising adoption of a hybrid electric vehicle is fueling the demand for Electric Vehicle (EV) batteries, which is accelerating the market growth. The growing electric micromobility and the introduction of battery-as-a-service (BaaS) models are creating various lucrative opportunities for market growth over the forecasting years. However, the unavailability of charging infrastructure and high initial investments and high cost of electricity is restricting market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Electric Vehicle (EV) Battery Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to the increasing adoption of electric vehicles, imposition of favorable government policies and regulations, and rising investments in the advancements of lithium-ion battery capacity. Whereas, Europe is expected to grow significantly during the forecast period, factors such as rising environmental concerns, as well as, rapid advancements in battery technology, are burgeoning the market growth over the forecasting years.
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Major market players included in this report are:
Panasonic Corporation
Mitsubishi Electric Corporation
LG Chem Ltd
Samsung Electronics Co. Ltd.
GSR Capital (Automotive Energy Supply Corporation)
BYD Company Limited
Wanxiang Group Corporation
Beijing Pride Power Battery Technology Co Ltd
Tianneng Power International Limited
Enersys (Quallion LLC)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Propulsion Type:
Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
By Battery Type:
Lead Acid Battery
Nickel Metal Hydride Battery
Lithium-ion Battery
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By Vehicle Type:
Passenger Car
Commercial Vehicle
Two-Wheeler
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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