Global Electric Vehicle Battery Market (2020-2027)

 Global Electric Vehicle Battery Market By vehicles Type (Two Wheelers, Passenger Car, Commercial Vehicles.), By Vehicle Class (Mid-Range, Luxury) Battery Type ( Lead Acid Battery,Lithium-Ion,Other) By Voltage Type( 36V, 48V, 60V,72V AND ABOVE) By VEHICLE Technology( Plug In, Battery, Hybrid) By SALES(OEMs,AFTER MARKET). Geography (North America, Western Europe, Eastern Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Trends and Forecast to 2027

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Global Electric Vehicle Battery Market Analysis:
Global electric vehicle battery market is expected to register a lucrative CAGR in the forecast period of 2020-2027. The report contains data of the base year 2019 and historic 2018. Increasing popularity of electric vehicle and rising awareness of renewable energy powered transportation are the key factor for the market growth. Affordable Electric Vehicles (EVs) are becoming a popular in the developed and developing counties mainly because of the declining price of batteries. Electric Vehicle adoption is growing with increasing drive range per recharge and efficient EVs that meet consumer performance also boost the market. For instance, by 2030, more than half of vehicle will likely consist of hybrid-electric, plug-in hybrid, and all-electric models.

Global Electric Vehicle Battery Market Definition:
Electric vehicles battery are quite distinct from those battery which are used in consumer based electronics such as laptop, smartphone and other electronic accessories. Battery based Electric Vehicles are playing a significant role in current automotive industry. Introduction of cutting edge technologies leads towards the high power generation batteries that are suitable for Electric vehicle. Growing subsidies and improving advanced manufacturing of electric vehicle based batteries are boosting the demand of the EV batteries in the market. Lithium Ion and nickel metal hydride are two major technologies which are widely used in Heavy electric vehicles where Lithium Ion are growing at fast pace particularly in BEV and PHEV. Furthermore government also take lots of initiative and policies that are encouraging the sales of electric vehicle which also further increases the demand of electric vehicle battery.

Global Electric vehicle battery Market Dynamics:
Drivers:
• Increasing the production of electric vehicles will accelerate the market growth
• Advanced Battery Technology Development
• Rising awareness of renewable energy powered transportation.
• Emission standard & Fuel economy.

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Restraints:
• Limited amounts of raw material supply.
• Incentives linked to local manufacturing

Global Electric Vehicle Battery Market Segmentation:
By vehicles Type
o Two Wheelers
o Passenger Car
o Commercial Vehicles

By Vehicle Class
o Mid-Range
o Luxury

By Battery Type
o Lead Acid Battery
o Lithium-Ion
o Other

By Voltage Type
o 36V
o 48V
o 60V
o 72V AND ABOVE

By VEHICLE Technology
o Plug In
o Battery
o Hybrid

By SALES
o OEMs
o AFTER MARKET

By Geography
• North America
o U.S.
o Canada

• Western Europe
o Germany
o Italy
o U.K.
o France
o Spain
o Netherlands
o Belgium
o Switzerland
o Rest of Western Europe

• Eastern Europe
o Russia
o Poland
o Turkey
o Rest of Eastern Europe

• Asia-Pacific
o Japan
o China
o India
o South Korea
o Australia
o ASEAN
o Rest of Asia-Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East and Africa
o GCC Countries
o South Africa
o North Africa
o Egypt
o Israel
o Rest of Middle East and Africa

Key Electric Vehicle Batteries Market Developments:
• On March 2018, SK Battery Hungary will be third-generation EV batteries, which give an EV 500km range with one charge.
• In September 2017, Samsung focuses on developing battery material which includes 5X Faster charging Speed.
• Tesla claims to have made1,000 Wh/kg rechargeable battery.

Competitive Analysis:
The global electric vehicle batteries market is highly competitive, and major players have used various approaches to raise their footprints on this market such as new product advancements, acquisitions, contracts, joint ventures, alliances, acquisition and others. The scope of the study includes artificial intelligence Market revenue for Global, Western Europe, Eastern Europe, North America, and Asia-Pacific, Latin America, and Middle East & Africa regions.

Key Market Players:
Major Key player operating in the in the global electric vehicle battery market
• SAMSUNG SDI CO (A SUBSIDIARY OF SAMSUNG CO. LTD)
• PANASONIC CO.
• SK INNOVATION CO.
• ECOPRO BM
• ENERTECH INTERNATIONAL,INC.
• TOSHIBA CORPORATION
• CBAK POWER BATTERY CO. LTD
• LG CHEM LTD
• DRN NEW ENERGY CO. LTD.
• AESC

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