
Global Electric Vehicle Battery Market to 2027
Description
Global Electric Vehicle Battery Market to 2027
Global Electric Vehicle Battery Market Size, Trends & Growth Opportunity, By Battery Type (Lithium-Ion, Lead-Acid, Nickel Metal Hydride, Sodium-Ion, and Others), By Vehicle Type (Passenger Vehicles, and Commercial Vehicles), By Propulsion (Battery Electric Vehicle, and Plug-In Hybrid Electric Vehicle), By Region and Forecast till 2027
Global Electric Vehicle Battery Market
The Electric vehicle battery is defined as battery used to power the electric motors of a battery electric vehicle or hybrid electric vehicle. Electric vehicle battery also referred as traction battery. These are usually rechargeable batteries are typically lithium-ion batteries. The electric vehicle batteries are designed for a high ampere-hour capacity.
Market Drivers
The increase in emphasis of leading automakers, including General Motors, Motors, and Bayerische Motoren Werke AG on rolling out electric vehicles is anticipated to boost the global electric vehicle battery market growth. Furthermore, the growing consumer interest, policy incentives, and improved battery technology to reduce carbon footprint will positively influence the market growth. Also, the rise in the driving range per recharge and reducing the cost of electric vehicles is expected to fuel the global electric vehicle battery market growth during this forecast period. Moreover, the rise in automotive production in Japan, China, Germany, Mexico, Malaysia, South Korea, and Taiwan among other countries, expected to propel the growth of the electric vehicle battery market across the globe.
Market Restraints
Lack of charging infrastructure is a major restraint which expected to hamper the global electric vehicle battery market growth. Also, the cost of installation is high and cost efficiency for consumers to charge their vehicles is not at the required level which anticipated to hindering the market growth.
Market Segmentation
The Global Electric Vehicle Battery Market is segmented into battery type such as Lithium-Ion, Lead-Acid, Nickel Metal Hydride, Sodium-Ion, and Others, by vehicle type such as Passenger Vehicles, and Commercial Vehicles. Further, market is segmented into propulsion Battery Electric Vehicle, and Plug-In Hybrid Electric Vehicle.
Also, the Global Electric Vehicle Battery Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as NEC Corporation, Hitachi, Sony, TCL Corporation, Panasonic Corporation, Duracell, NorthStar, Crown Battery Manufacturing, GS Yuasa Corp, C&D Technologies, Inc., etc.
Market Taxonomy
By Battery Type
Global Electric Vehicle Battery Market Size, Trends & Growth Opportunity, By Battery Type (Lithium-Ion, Lead-Acid, Nickel Metal Hydride, Sodium-Ion, and Others), By Vehicle Type (Passenger Vehicles, and Commercial Vehicles), By Propulsion (Battery Electric Vehicle, and Plug-In Hybrid Electric Vehicle), By Region and Forecast till 2027
Global Electric Vehicle Battery Market
The Electric vehicle battery is defined as battery used to power the electric motors of a battery electric vehicle or hybrid electric vehicle. Electric vehicle battery also referred as traction battery. These are usually rechargeable batteries are typically lithium-ion batteries. The electric vehicle batteries are designed for a high ampere-hour capacity.
Market Drivers
The increase in emphasis of leading automakers, including General Motors, Motors, and Bayerische Motoren Werke AG on rolling out electric vehicles is anticipated to boost the global electric vehicle battery market growth. Furthermore, the growing consumer interest, policy incentives, and improved battery technology to reduce carbon footprint will positively influence the market growth. Also, the rise in the driving range per recharge and reducing the cost of electric vehicles is expected to fuel the global electric vehicle battery market growth during this forecast period. Moreover, the rise in automotive production in Japan, China, Germany, Mexico, Malaysia, South Korea, and Taiwan among other countries, expected to propel the growth of the electric vehicle battery market across the globe.
Market Restraints
Lack of charging infrastructure is a major restraint which expected to hamper the global electric vehicle battery market growth. Also, the cost of installation is high and cost efficiency for consumers to charge their vehicles is not at the required level which anticipated to hindering the market growth.
Market Segmentation
The Global Electric Vehicle Battery Market is segmented into battery type such as Lithium-Ion, Lead-Acid, Nickel Metal Hydride, Sodium-Ion, and Others, by vehicle type such as Passenger Vehicles, and Commercial Vehicles. Further, market is segmented into propulsion Battery Electric Vehicle, and Plug-In Hybrid Electric Vehicle.
Also, the Global Electric Vehicle Battery Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as NEC Corporation, Hitachi, Sony, TCL Corporation, Panasonic Corporation, Duracell, NorthStar, Crown Battery Manufacturing, GS Yuasa Corp, C&D Technologies, Inc., etc.
Market Taxonomy
By Battery Type
- Lithium-Ion
- Lead-Acid
- Nickel Metal Hydride
- Sodium-Ion
- Others
- Passenger Vehicles
- Commercial Vehicles
- Battery Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- What are the Key Opportunities in Global Electric Vehicle Battery Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Table of Contents
184 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Electric Vehicle Battery Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Electric Vehicle Battery Market, By Battery Type
- 5.1 Y-o-Y Growth Comparison, By Battery Type
- 5.2 Global Electric Vehicle Battery Market Share Analysis, By Battery Type
- 5.3 Global Electric Vehicle Battery Market Size and Forecast, By Battery Type
- 5.3.1 Lithium-Ion
- 5.3.2 Lead-Acid
- 5.3.3 Nickel Metal Hydride
- 5.3.4 Sodium-Ion
- 5.3.5 Others
- 6 Global Electric Vehicle Battery Market, By Vehicle Type
- 6.1 Y-o-Y Growth Comparison, By Vehicle Type
- 6.2 Global Electric Vehicle Battery Market Share Analysis, By Vehicle Type
- 6.3 Global Electric Vehicle Battery Market Size and Forecast, By Vehicle Type
- 6.3.1 Passenger Vehicles
- 6.3.2 Commercial Vehicles
- 7 Global Electric Vehicle Battery Market, By Propulsion
- 7.1 Y-o-Y Growth Comparison, By Propulsion
- 7.2 Global Electric Vehicle Battery Market Share Analysis, By Propulsion
- 7.3 Global Electric Vehicle Battery Market Size and Forecast, By Propulsion
- 7.3.1 Battery Electric Vehicle
- 7.3.2 Plug-In Hybrid Electric Vehicle
- 8 Global Electric Vehicle Battery Market, By Region
- 8.1 Global Electric Vehicle Battery Market Share Analysis, By Region
- 8.2 Global Electric Vehicle Battery Market Share Analysis, By Region
- 8.3 Global Electric Vehicle Battery Market Size and Forecast, By Region
- 9 North America Electric Vehicle Battery Market Analysis and Forecast (2020-2027)
- 9.1 Introduction
- 9.2 North America Electric Vehicle Battery Market Share Analysis, By Battery Type
- 9.3 North America Electric Vehicle Battery Market Size and Forecast, By Vehicle Type
- 9.4 North America Electric Vehicle Battery Market Size and Forecast, By Propulsion
- 9.5 North America Electric Vehicle Battery Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 EuropeElectric Vehicle Battery Market Analysis and Forecast (2020-2027)
- 10.1 Introduction
- 10.2 Europe Electric Vehicle Battery Market Share Analysis, By Battery Type
- 10.3 Europe Electric Vehicle Battery Market Size and Forecast, By Vehicle Type
- 10.4 Europe Electric Vehicle Battery Market Size and Forecast, By Propulsion
- 10.5 Europe Electric Vehicle Battery Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Electric Vehicle Battery Market Analysis and Forecast (2020-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Electric Vehicle Battery Market Share Analysis, By Battery Type
- 11.3 Asia Pacific Electric Vehicle Battery Market Size and Forecast, By Vehicle Type
- 11.4 Asia Pacific Electric Vehicle Battery Market Size and Forecast, By Propulsion
- 11.5 Asia Pacific Electric Vehicle Battery Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4 Rest of Asia Pacific
- 12 Latin America Electric Vehicle Battery Market Analysis and Forecast (2020-2027)
- 12.1 Introduction
- 12.2 Latin America Electric Vehicle Battery Market Share Analysis, By Battery Type
- 12.3 Latin America Electric Vehicle Battery Market Size and Forecast, By Vehicle Type
- 12.4 Latin America Electric Vehicle Battery Market Size and Forecast, By Propulsion
- 12.5 Latin America Electric Vehicle Battery Market Size and Forecast, Country
- 13 Middle East Electric Vehicle Battery Market Analysis and Forecast (2020-2027)
- 13.1 Introduction
- 13.2 Middle East Electric Vehicle Battery Market Share Analysis, By Battery Type
- 13.3 Middle East Electric Vehicle Battery Market Size and Forecast, By Vehicle Type
- 13.4 Middle East Electric Vehicle Battery Market Size and Forecast, By Propulsion
- 13.5 Middle East Electric Vehicle Battery Market Size and Forecast, By Country
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 NEC Corporation
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2. Hitachi
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. Sony
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 TCL Corporation
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Panasonic Corporation
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Duracell
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 NorthStar
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Crown Battery Manufacturing
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 GS Yuasa Corp
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 C&D Technologies, Inc
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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