Electric Vehicle Battery market Overview:
The Electric Vehicle Battery market competitive landscape breaks out information by a rival. Corporate overview, financials, revenue produced, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application domination are all contained in the details. The data points presented above are only relevant to the firms' emphasis on the Electric Vehicle Battery market .
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Market Scope:
This Electric Vehicle Battery market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansion For more information on the Electric Vehicle Battery market , please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Market Dynamics: Value-Chain Opportunity for Batteries: Batteries are becoming increasingly important in the shift to a more sustainable future due to their role in electrifying mobility and balancing power networks. In a world that is battling climate change, using batteries presents more opportunities than just lowering CO2 and NO2 emissions from moving vehicles; expanding the capacity of battery-cell manufacturing also presents significant opportunities for value creation for manufacturers, generates new, well-paying jobs, and promotes national economic growth.
Segmentation:
by Propulsion Type
Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
Battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles are the three subsectors of the market based on propulsion type. In 2022, the BEV category dominated the market, and it is anticipated that it will do so again over the forecast period. On the other hand, the fastest rate of growth for PHEVs is anticipated during the projected period. Fuel efficiency restrictions will cause the BEV industry to grow significantly in emerging markets. While the battery of a BEV is totally dependent on rechargeable battery packs, the battery of a PHEV can be recharged using an external source of energy in addition to the on-board engine and generator. The largest market for battery electric vehicle (BEV) sales and production has been China.
by Battery Type
Lead Acid Battery
Nickel Metal Hydride Battery
Lithium ion Battery
The market is further divided into Lead Acid Battery, Nickel Metal Hydride Battery, and Lithium Ion Battery based on the kind of battery. The lithium-ion sector had the largest market share in 2022. When low weight and high energy density are required, lithium-ion batteries are employed. Due to their high energy density per weight, these batteries are widely employed in automotive applications, including electric and hybrid vehicles. Adoption of e-mobility depends on an adequate EV charging infrastructure, which is also good news for the expansion of lithium-ion battery sales.
by Vehicle Type
Passenger Vehicle
Commercial Vehicle
The market is split into two categories based on vehicle type: passenger vehicles and commercial vehicles. The passenger car segment is anticipated to dominate the EV battery market in Asia Pacific due to China's rapid EV adoption. The region anticipated using 61 percent of the cobalt used in EV batteries globally in 2022, an increase of more than 50% from 2018. (This picture was provided by the USGS National Minerals Information Centre.) Chinese cell vendors switching from lithium to cobalt-bearing NCM cathodes is the cause of this increase. In 2019, Panasonic deployed more lithium batteries than all of its rivals combined, a big battery provider to OEMs including Tesla and Toyota. In comparison to the previous year, CATL increased the deployment of lithium batteries to 4,800 tonnes in 2019.
by Voltage Type
Retail Consumer Goods
Healthcare Life Sciences
Others
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Key Players: The following are the key players of the Electric Vehicle Battery market -
1. Tesla Inc.
2. BYD Company Limited
3. Volkswagen AG
4. General Motors
5. Samsung SDI
6. Automotive Energy Supply Corporation
7. LG Chem.
8. Panasonic Corporation
9. GS Yuasa International
10.AESC
11.Mitsubishi
12.Wanxiang
13.Beijing Pride Power
14.Tianneng
15.SB LiMotive
16.Quallion
17.Boston-Power
18.Energy Supply Corporation
19.Johnson Controls International
20.Narada Power Source
21.Crown Battery Corporation
22.Hitachi Chemical Company
23.CATL
24.Contemporary Amperex Technology Co. Ltd
25.ATLASBX Co.
26.Sony
27.NEC Corporation
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Regional Analysis:
The region portion of the research also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Data points such as downstream and upstream value chain analysis, technological trends and porter's five forces analysis, and case studies are only a few of the indicators utilized to anticipate the market scenario for different nations.
COVID-19 Impact Analysis on Electric Vehicle Battery market : The report also discusses how COVID-19 affected the Electric Vehicle Battery market .
Key Questions Answered in the Electric Vehicle Battery market Report are:
- What will be the CAGR of the Electric Vehicle Battery market during the forecast period (2022-2029)?
- Which segment emerged as the leading segment in the Electric Vehicle Battery market ?
- Which are the prominent players in the Electric Vehicle Battery market ?
- What key trends are likely to emerge in the Electric Vehicle Battery market in the forecast period?
- What will be the Electric Vehicle Battery market size by 2029?
- Which company held the largest share in the Electric Vehicle Battery market in 2020?
