The global demand for EV Battery Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
An electric-vehicle battery (EVB) is a used to power the electric vehicle (BEV) or hybrid electric vehicle (HEV). These batteries are particularly designed for a high ampere-hour capacity and are usually rechargeable batteries. Batteries for EVs are featured by their relatively high specific energy, power-to-weight ratio, and energy density. The most common battery types in modern EVs are lithium-ion and lithium-polymer due to their high energy density compared to their weight. Several other batteries used in electric vehicles include lead-acid nickel-cadmium, nickel-metal hydride, and, less commonly, zinc-air, and sodium nickel chloride.
The global EV battery market is projected to grow exponentially. Increasing production and sales of electric vehicles, rising efforts toward sustainable mobility, and government support and incentives for an electric vehicle are major factors causing massive growth of the global EV battery market. The electrification of personal mobility is picking up speed. In many countries, government mandates will accelerate growth. Battery and automakers are investing billions of dollars on minimizing the overall costs of manufacturing and recycling electric-vehicle (EV) batteries. Due to the high price of fossil fuels on the global markets, together with the aggravation of environmental problems caused by the increased combustion of fuels, there is an increased interest in the R&D of electric and hybrid vehicles and their batteries.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of ev battery. The growth and trends of ev battery industry provide a holistic approach to this study.
This section of the ev battery market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Battery Type
By Vehicle Type
- Nickel-Metal Hydride
- Passenger Cars
- Vans/Light Trucks
- Medium & Heavy Trucks
- Off-Highway Vehicles
By Battery Capacity
- Wire Bonding
- Laser Bonding
- <50 Kwh
- 50-110 Kwh
- 111-200 Kwh
- 201-300 Kwh
- >300 Kwh
This section covers the regional outlook, which accentuates current and future demand for the EV Battery market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global EV Battery Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ev battery market include Panasonic, AESC, BYD, Mitsubishi, LG Chem, Samsung, Wanxiang, Beijing Pride Power, Tianneng, and SB LiMotive. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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