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Electric Vehicle Battery Industry Trends, Revenue, Key Players, Growth, Share and Forecast Till 2027

Growing demand for emission control systems and the establishment of green power generation for Electric Vehicle Batteries are driving the demand for the market

 

Vancouver, BC -- (SBWIRE) -- 02/10/2021 -- An electric vehicle battery is a rechargeable battery that uses chemical energy stored for power and does not need any engine combustion. These batteries are generally rechargeable and are lithium-ion batteries. The recently developed electric vehicle batteries are specifically designed for a high ampere-hour capacity.

Some factors expected to drive demand are increasing public-private partnerships and increasing environmental impacts. By different means of assistance, governments around the world are required to supplement innovations, such as supporting research programs and adequate funding programs. Developing a comprehensive regulatory and policy framework is especially important because government firms must have an investment-friendly climate.

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Market Drivers

Several policies that are undertaken to back the installation of charging stations by direct investments and by partnerships of public-private organisations, majorly in urban areas, are expected to fuel the market growth. It is essential to set up multiple charging stations to ensure electric vehicles' capability to commute to a long distance. 

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.

Emergen Research has segmented the global Electric Vehicle Battery Market on the basis of vehicle type, battery type, propulsion, and region:

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

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.

Regional Landscapes

The Asia Pacific emerged as the largest market holder in 2020. Asia Pacific countries like India, China, and South Korea have exhibited a robust demand for electric vehicle batteries in the last decade, coupled with an increasing preference for electric vehicles. 

The report objectives are:
o To evaluate Electric Vehicle Battery status, future forecast, growth opportunity, key market, and key players.
o To present the Global Electric Vehicle Battery development in the different regions of the world.
o To strategically study and segment the key players and comprehensively analyze their development plan and strategies.
o To define, describe, and forecast the market by product type, market, and key regions.
 
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On the other hand, North America and Europe have experienced a surge in demand for electric vehicle batteries due to increased sales of electric cars in the region. Most of the critical electric vehicle manufacturers have their presence in Germany & the U.S. Therefore, the U.S. and Germany have taken a massive leap in the production and sales of the electric vehicle battery. The continuous advancements in electric cars are increasing competition among major market players to provide superior, efficient, and pocket-friendly solutions. The intensely competitive environment is also a major driving factor fuelling the market growth.

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

Chapter 5. Electric Vehicle Battery Market By Battery Type Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

    5.1. Battery Type Dynamics & Market Share, 2019 & 2027

          5.1.1. Lithium-Ion

          5.1.2. Lead-Acid

          5.1.3. Nickel-Metal Hydride

          5.1.4. Sodium-Ion

          5.1.5. Others

Chapter 6. Electric Vehicle Battery Market By Vehicle Type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

    6.1. Vehicle Type Dynamics & Market Share, 2019 & 2027

           6.1.1. Passenger Vehicles

           6.1.2. Commercial Vehicles

Chapter 7. Electric Vehicle Battery Market By Propulsion Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

    7.1. Propulsion Dynamics & Market Share, 2019 & 2027

          7.1.1. Battery Electric Vehicle

          7.1.2. Plug-In Hybrid Electric Vehicle

Continue…!

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