Electric Vehicle Battery Market to See Huge Growth by 2027

Electric Vehicle Battery Market

The Global Electric Vehicle Battery Market is expected to reach USD 46.80 billion by 2027, according to a new report by Emergen Research. A major factor driving growth is the rising demand for alternative energy sources.

The power generation of electricity reduces carbon dioxide emissions or other dangerous pollutants effectively. Hence, electric vehicle battery technology has a major role to play in resolving environmental issues and promoting the use of renewable energy carriers. Continued product advances and technologies are expected to bring new possibilities for emerging players.

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Key Highlights From The Report

  • In the forecast period, the lithium-ion battery segment is expected to dominate the market. Technological progress, which has led to a dramatic rise in the lithium-ion battery market’s energy density even while reducing the overall cost of lithium-ion batteries, has allowed EV adoption to increase.
  • The major potential for market expansion identified in the near future is expected to be provided by the capable government policies and expenditure for expanding the public charging system, coupled with the increased efficacy of the electric vehicle.
  • The majority share in the passenger vehicle segment is primarily due to the high Electric Vehicle penetration in the sector.

Advanced analytical tools such as SWOT analysis and Porter’s Five Forces Analysis are deployed in the report to offer better understanding of the key companies that are operating in the Electric Vehicle Battery market. Key companies in the Electric Vehicle Battery 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.

Electric Vehicle Battery Market Segmentation:

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

Geographical Terrain of the Electric Vehicle Battery Market:

  1. North America (the U.S., Canada, and Mexico)
  2. Europe (the U.K, Germany, France, Russia, and Italy)
  3. Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
  4. Latin America (Brazil, Argentina, Colombia, etc.)
  5. Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Major Objectives of the Electric Vehicle Battery Market Report:

  • Comprehensive analysis of the market including risks and opportunities
  • Details of business strategies and plans undertaken by key market players
  • Analysis of current and future trends that will affect the growth of the market in the forecast timeline
  • Comprehensive overview of the competitive landscape
  • In-depth analysis of the key regions of the market along with analysis of market share, size, revenue, production and consumption patterns, supply and demand dynamics among others

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

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