Electric Vehicle Battery Market 2022 Global Industry Analysis By Battery Type (Lithium-Ion Battery, Lead Acid Battery, Nickel Hydride Battery and others), By Vehicle Technology (Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicles and Others), by End Market (OEMs and Aftermarket) and By Region – Forecast To 2030
The Electric Vehicles Battery Market global industry size is expected to grow at a CAGR of 33.68% and is expected to reach a value of USD 192.29 during the forecast period.
Electric Vehicles Battery Market Overview:
An electric vehicle’s battery can be simply recharged. It also does not require a combustion engine. As a result, it recharges using chemical energy. As a result of this environmentally beneficial technique, they are in high demand. They are also very cost-effective and small. The growth of the Electric Vehicles Battery Market is aided by the advancement of innovative technologies in the automotive industry. Electronic Vehicles are also being used by major automakers such as Mercedes-Benz, Toyota, Hyundai, and others. As a result, the demand for these vehicles will dramatically increase the market value of electric vehicle batteries.
New business models, such as Battery as a Service and Battery Swapping, can open up new possibilities. As a result, after the batteries have been discharged, the users can replace them. As a result, recharging them multiple times can save time.
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Top Companies involved:
The major key players in the Electric Vehicle Battery Market are Automotive Energy Supply Corporation (Japan), Panasonic Corporation (Japan), BYD Company Limited (China), LG Chem Ltd (South Korea), Quallion (US), Boston-Power (US), Johnson Controls International (US), Narada Power Source (China), GS Yuasa Corporation (Japan), Tianneng Power International (China), Crown Battery Corporation (US), and Hitachi Chemical Company (Japan).
Panasonic Corporation in 2020 announced its collaboration with two companies. They are the Institute of Materials and Systems and Japan Fine Ceramics. Hence, the main aim of the collaboration is sustainability.
Samsung in 2020 took the decision for the commercialization of the li-ion battery. It will use of solid electrolytes instead of liquid electrolytes for battery cells. Hence, the solid electrolyte will help in improving performance.
Based on the Battery Type, the Electric Vehicles Battery market is segmented into Lithium-Ion batteries, Nickel Hybrid Battery, Lead-Acid Battery, and Others.
Based on the Vehicle Technology, the Electric Vehicles Battery market is segmented into Plug-In Hybrid Vehicle Electric Vehicles, Battery Electric Vehicles, Hybrid Electric Vehicles, and others.
Based on the End Market, the Electric Vehicles Battery market is segmented into Aftermarkets and OEMs.
Based on the Region, the Electric Vehicles Battery market is segmented into North America, Europe, the Rest of the World, and Asia-Pacific.
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A primary factor is a growing need for various new and upgraded electronic cars. Furthermore, rising gasoline prices and government backing will improve the Electric Vehicles Battery Market Revenue.
With the greatest Electric Vehicles Battery Industry Share, the Asia-Pacific region is expected to dominate the market. The countries in this region, such as India, South Korea, China, and Japan, are mostly to blame. Canada and the United States make up the North American continent. As a result, in the following years, this Region will have the second-largest share. Germany, the United Kingdom, France, Europe, and other countries make up Europe. As a result, during the forecast period, this area is expected to hold the third-largest share. Furthermore, the key reason for this is the explosive development in electric vehicle sales. This will boost the development and sales of electric vehicle batteries. Latin America and the Middle East make up the Rest of the World region. As a result, during the forecast period under consideration, this region is predicted to increase gradually. As a result, revenue from the Electric Vehicles Battery Market will rise dramatically in the following years.
Table of Content
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY BATTERY TYPE
5.2 LITHIUM ION BATTERY
5.2.1 MARKET ESTIMATES & FORECAST, 2020-2027
5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027
5.3 LEAD ACID BATTERY
5.3.1 MARKET ESTIMATES & FORECAST, 2020-2027
5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027
5.4 NICKEL HYDRIDE BATTERY
5.4.1 MARKET ESTIMATES & FORECAST, 2020-2027
5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027
5.5.1 MARKET ESTIMATES & FORECAST, 2020-2027
5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027
6 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY VEHICLE TECHNOLOGY
6.2 BATTERY ELECTRIC VEHICLES
6.2.1 MARKET ESTIMATES & FORECAST, 2020-2027
6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027
6.3 HYBRID ELECTRIC VEHICLES
6.3.1 MARKET ESTIMATES & FORECAST, 2020-2027
6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027
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