Global Electric Vehicle Battery Market is expected to fuelling US$ 84 Bn by 2026 in terms of revenue with CAGR of 18% in the forecasting period 2018-2026. Batteries have been used as secondary power sources ever since the introduction of the first automobile. An electric vehicle battery is a rechargeable battery. It uses chemical energy stored in rechargeable battery packs for power and therefore does not require any combustion engine for propulsion. Developing concerns identified with diminishing oil and gas assets and debasing natural conditions are having a positive effect on the demand for electric controlled vehicles. An electric fuelled vehicle or battery electric vehicle utilizes concoction energy put away in rechargeable battery packs for control.
A major factor behind the growth of electric vehicles is the support provided by the various governmental agencies to encourage the sale of these vehicles. Increase in demand for high energy density market, increase in preference of people towards cleaner air, increase in government’s private equity investments in the electric vehicle industry, the rise in the demand for zero-emission vehicles, decrease in the cost of the electric vehicle battery system, and surge in demand for lithium-ion batteries. All these factors have supported the electric vehicle battery to experience an exceptional market boost. These restraints include stringent lead pollution norms that are affecting the manufacturers, high import taxes, volatile prices of raw material, political disturbance.
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Electric vehicle battery market can be segmented into propulsion type, battery type, vehicle type, voltage type, and region. On the basis of propulsion type, the battery market for Battery Electric Vehicle held the highest share and accounted for 72% share in 2017, and is also expected to grow at a faster rate as compared to Plug-in Hybrid Electric Vehicle. In terms of battery type, Lead-acid batteries are the most common and cheapest type of batteries. Nickel metal hydride batteries have higher energy densities than the common lead-acid batteries and if used properly can have exceptionally long lives. Lithium-ion batteries use graphite anode and lithium cobalt oxide anode. Based on vehicle type, the passenger vehicles segment is highly lucrative and is likely to lead the global market in the future. On the basis of voltage type, electric vehicle market can be classified into 12 Volt, 14 Volt, 24 Volt, and 48+ Volt. The 48+Volt segment is anticipated to increase in the forecasting year due to rise in electric vehicles strict government norms towards the vehicle pollution will anticipate to boost the demand for 48+ Volt segment in the near future.
In terms of region, the electric vehicle battery market is classified into Asia-Specific will be the major revenue contributor to the electric vehicle battery market throughout the forecast period. The government incentives on the usage of battery-powered vehicles are one of the main reasons behind the growth of North American and European electric vehicle battery market.
Some of the key prominent market players in the electric vehicle battery market are Tesla Inc., BYD Company Limited, Volkswagen AG, and General Motors. Some of the electric vehicle battery manufacturers include Samsung SDI, Automotive Energy Supply Corporation, LG Chem., Panasonic Corporation, and GS Yuasa International.
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The Global Electric Vehicle Battery Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Browse the complete Global Electric Vehicle Battery Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/876-electric-vehicle-battery-market-report The report also covers the complete competitive landscape of the global Electric Vehicle Battery market with company profiles of key players such as: BYDPanasonicCATLOptimumNanoLG ChemGuoXuanLishenPEVEAESCSamsungLithium Energy JapanBeijing Pride PowerBAK BatteryWanXiangHitachiACCUmotiveBoston PowerThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By TypeLithium Ion BatteryNI-MH BatteryOthersBy ApplicationHEVBEVBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Electric Vehicle Battery Market @ https://www.decisiondatabases.com/contact/download-sample-876The Global Electric Vehicle Battery Market has been exhibited in detail in the following chapters –Chapter 1 Electric Vehicle Battery Market Preface Chapter 2 Executive SummaryChapter 3 Electric Vehicle Battery Industry AnalysisChapter 4 Electric Vehicle Battery Market Value Chain AnalysisChapter 5 Electric Vehicle Battery Market Analysis By TypeChapter 6 Electric Vehicle Battery Market Analysis By ApplicationChapter 7 Electric Vehicle Battery Market Analysis By GeographyChapter 8 Competitive Landscape Of Electric Vehicle Battery CompaniesChapter 9 Company Profiles Of Electric Vehicle Battery IndustryPurchase the complete Global Electric Vehicle Battery Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-876Other Reports by DecisionDatabases.com:Global Automotive Starting Battery Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global UPS Battery Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Alkaline Battery Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
Esticast Research & Consulting adds a new research report titled, ‘Global Electric Vehicle Battery Market’ to its huge database of research reports.
The report offers an expansive assessment of the market, including historical data, insights, facts, and industry-proven market data.
As the electric vehicles completely depend upon the electric batteries for their propulsion and power requirement, the rising demand of EVs will proportionally up surge the demand of electric vehicle batteries.For Better Understanding, Try Sample PDF Brochure of Report (including full TOC, Tables and Figures) @ https://www.esticastresearch.com/report/electric-vehicle-battery-market/#request-for-sampleThe Global Electric Vehicle Battery Market report offers an in-depth analysis of the global market taking into account segmentation, market dynamics, competitive landscape, geographical analysis, and many other key aspects.
The domain experts who have planned the report have thoroughly studied the global Electric Vehicle Battery market and have catered reliable and accurate data.They recognize the needs of the industry and the clients, which makes it simple for them to focus on the aspects, which the clients have been looking for.
The research report comprises of an analysis of an evaluation of the existing and upcoming trends that companies can invest in.
It commits different factors affecting Electric Vehicle Battery industry such as market environment, different policies of the government, historical data and market trends, technological advancements, forthcoming innovations, market risk factors, market restraints, and obstacles in the industry.Competitive Landscape:The key players' profile in the report includesAutomotive Energy Supply CorporationBlue Energy Co. Ltd.GS YuasaHitachi Group LG Chem Power Inc.Lithium Energy Japan CorporatePanasonic Automotive Systems Dalian Co. Ltd.Boston-Power Inc.Robert Bosch GmbH Samsung SDI Co.The key player’s major focus is on product innovations and technologies that improve shelf life and efficiency.
Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Electric Vehicle Battery market during the historical period of 2012 – 2016.
The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2022, and key prospects over the forecast period 2017 – 2022.Fact.MR’s study also offers a long-term forecast of the global electric vehicle battery market for the period between 2017 and 2022.
The electric vehicle battery market is projected to register a value CAGR of 13.6% during the forecast period.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Electric Vehicle Battery market.Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=3587To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions.
The key regions comprise the following geographical segments:North AmericaLatin AmericaEuropeJapanAPEJMEAThe detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
