Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Electric Vehicles Battery Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Electric Vehicles
Battery Market over the short
as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of international Electric Vehicles Battery Market is offered.
Market
Insights:
In accordance with the report, the Electric Vehicles
Battery Market is projected to expand at a CAGR of 33.96% over the period of forecast. The global Electric Vehicles Battery Market was
valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031,
growing with a significant CAGR rate during the forecast period. The growth of
the market for electric vehicle batteries is being boosted by the expansion of
the automotive industries with cutting-edge technology. Major automakers
including Toyota, Hyundai, Mercedes-Benz, and others are embracing electronic
vehicles. As a result, the market value for electric car batteries will be
greatly increased by the demand for these vehicles. A primary driver is the
rising demand for a variety of new and upgraded electronic cars. Additionally,
the government's supportive actions and rising fuel prices will help to
increase the revenue from the sale of batteries for electric vehicles. Europe,
North America, Asia-Pacific, and the Rest of the World are the regions that
make up the electric vehicle battery market. The Asia-Pacific region is
expected to dominate the market with the greatest Electric Vehicles Battery
Market Share, according to estimates by. This region's nations, such India,
South Korea, China, and Japan, are primarily to blame. Canada and the US are
further separated into the North American region. As a result, in the following
years, this Region will have the second-largest share. Germany, the UK, France,
Europe, and other nations are also included in the definition of Europe. So, it
is projected that during the examined forecast period, this region will account
for the third-largest proportion. Additionally, the exponential increase in
electric vehicle sales is the primary cause of this.
Research
Methodology:
To compile
the detailed study of the global Electric
Vehicles Battery Market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Electric Vehicles Battery Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Electric Vehicles Battery Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Electric Vehicles Battery Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Electric Vehicles Battery Market Compounded annual growth rates for all segments have also
been provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Electric Vehicles Battery Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Electric
Vehicles Battery Market, By Battery Type, 2022-2031 (USD Million)
·
Lithium Ion
Battery
·
Nickel Hybrid
Battery
·
Lead Acid
Battery
Electric
Vehicles Battery Market, By End user, 2022-2031 (USD Million)
·
Oem
·
Aftermarket
Electric
Vehicles Battery Market, By Vehicle Technology, 2022-2031 (USD Million)
·
Plug In
Hybrid Vehicle Electric Vehicles
·
Battery
Electric Vehicles
·
Hybrid
Electric Vehicles
Report
Highlights:
The prime objective of the Electric Vehicles
Battery Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Electric
Vehicles Battery Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Electric
Vehicles Battery Market:
·
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)
·
Hitachi
Chemical Company (Japan)
Electric
Vehicles Battery Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry