Global Electric Vehicles Battery Market, By Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), Battery Type (Lead Acid Battery, Nickel Metal Hydride Battery, Lithium ion Battery), Vehicle Type (Passenger Car, Commercial Vehicle, Two Wheeler), End-User (OEMs, Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Electric vehicles battery market will reach at an estimated value of USD 131.13 billion and grow at a CAGR of 16.83% in the forecast period of 2021 to 2028. Growing demand for low emission and electric vehicles globally is an essential factor driving the electric vehicles battery market.
Electric vehicles battery is defined as the power source in electric vehicles and is used for the mobility and propulsion of vehicles. They are in comparison the entire working motor of the electric vehicles whereas in internal combustion engine vehicles, batteries are just used for ignition and initiation of the vehicles. In electric vehicles they power the vehicle over a sustained period of time rather than just the starting.
Growing demand for zero emission vehicles is a crucial factor accelerating the market growth, also decreasing cost of EV battery system, rising concerns regarding the harmful effects of climate change with the emission of fuel vehicle, rising alarming pollution level recorded in major countries, increase in petrol and diesel prices due to the depletion of fossil fuel reserves has increased the demand for advanced fuel-efficient technologies, which in turn increases the product demand and rising ongoing development of lithium-ion batteries has enabled battery manufacturers to produce a high-performance battery that satisfies the need for lightweight vehicle are the major factors among others boosting the electric vehicles battery market. Moreover, rising concerns related to decreasing oil & gas resources and degrading environmental conditions with the use of gasoline vehicles and increasing technological advancements and modernization in the production techniques will further create new opportunities for electric vehicles battery market in the forecast period mentioned above.
However, rising demand-supply gap of some essential raw materials and the fluctuating raw material prices are the major factors among others restraining the market growth, and will further challenge the electric vehicles battery market in the forecast period mentioned above.
This electric vehicles battery market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses 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 expansions, technological innovations in the market. To gain more info on electric vehicles battery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Electric Vehicles Battery Market Scope and Market Size
Electric vehicles battery market is segmented on the basis of propulsion type, battery type, vehicle type and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of propulsion type, electric vehicles battery market is segmented into battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle.
- Based on battery type, the electric vehicles battery market is segmented into lead acid battery, nickel metal hydride battery and lithium-ion battery.
- Based on vehicle type, the electric vehicles battery market is segmented into passenger car, commercial vehicle and two wheeler.
- The electric vehicles battery market is also segmented on the basis of end-user into OEMs and aftermarket.
Electric Vehicles Battery Market Scope Country Level Analysis
Electric vehicles battery market is analysed and market size, volume information is provided by country, propulsion type, battery type, vehicle type and end-user as referenced above.
The countries covered in the electric vehicles battery market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the electric vehicles battery market due to rising concerns regarding the harmful effects of climate change with the emission of fuel vehicle, rising alarming pollution level recorded in major countries, rising concerns related to decreasing oil & gas resources and degrading environmental conditions with the use of gasoline vehicles and increasing technological advancements and modernization in the production techniques in this region.
The country section of the electric vehicles battery market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Vehicles Battery Market Share Analysis
Electric vehicles battery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric vehicles battery market.
The major players covered in electric vehicles battery market report are A123 Systems LLC, Panasonic Corporation, MITSUBISHI MOTORS CORPORATION, Beijing Pride New Energy Battery Technology Co., Ltd., Automotive Energy Supply Corporation, BYD Company Ltd., LG Chem, Daimler AG, Robert Bosch GmbH, SAMSUNG SDI CO.,LTD., Wanxiang America Corporation, Tianneng Power International Ltd,, Johnson Controls, GS Yuasa International Ltd. and Hitachi, Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Electric Vehicles Battery Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.