Electric Vehicle Battery Market Growth Expected USD 192.29 Billion at a 33.68% CAGR by Growing Industry Size, Demand and Trends Till 2030
Research Reports
Oct 18, 2022
Electric Vehicle Battery Market Research Report and Growth Analysis 2022 By Battery Type (Lithium-Ion Battery, Lead Acid Battery, Nickel Hydride Battery and others), By Vehicle Technology (Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-in Hybrid Electric Vehicles and Others), by End Market (OEMs and Aftermarket) and By Region – Forecast To 2030
The electric vehicle battery market sizes are anticipated to grow with a massive cagr of 33.68%. Hence the market revenue may increase up to USD 192.29 during the study for the first period of 2022-2030. The electric vehicles market size is anticipated to grow with the masses of the area of 3.68% hands the market revenue may increase up to a high billion. The battery of an electric vehicle is chargeable also it doesn’t need any type of combustion engine handset used by the chemical engines for recharging. So they have high remand because of the eco-friendly system as well. There are highly cost-effective as well as compact so the development in an automatic industry with advances to improve the electric vehicle market growth. Some of the major auto manufacturers such as Mercedes Benz, Toyota, Hyundai, and others as these are also adopting electronic vehicles.
Therefore when it comes to considering the need for this significantly boosts the electric vehicle battery market value of COVID-19 disease. It may hamper various business sectors serving the rising cases because of the lockdown and significant rope into the sea. It is considered a lot of things because of the Coronavirus the production of EVAS may be halted for several months. Moreover, the pandemic may boost a positive impact on the market also manufacturing as well as sales started to improve gradually into the late months of 2020. The growing things you need to consider several improved electronic vehicles as it is a significant drivers. Furthermore, it is an increase in this fuel and the supportive initiative that is taken by the government as it surely moves the electric vehicle market revenue.
Key Players
- 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)
- and Hitachi Chemical Company (Japan)
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Electric Vehicles Battery Market segmentation
Electric Vehicles Battery Market is divided into various sections. They are Vehicle Innovation, End Market, and Locale, Battery Type.
By Battery Type, the Electric Vehicles Battery Industry is separated into Lithium-Particle Battery, Nickel Half and half Battery, Lead-Corrosive batteries, and Others. Among these, the lithium-particle battery will hold the biggest offer.
By Vehicle Innovation, the Electric Vehicles Battery Market is again ordered into Module Half and half Vehicle Electric Vehicles, Battery Electric Vehicles, Mixture Electric Vehicles, and afterward different sorts.
By Locale, the market is partitioned into North America, Europe, the Remainder of the World, and Asia-Pacific.
Report Scope:
|
Report Metrics |
Details |
|
Market Size |
USD 192.29 Billion |
|
CAGR |
33.68% CAGR (2022-2030) |
|
Base Year |
2021 |
|
Forecast Period |
2022-2030 |
|
Historical Data |
2019 & 2020 |
|
Forecast Units |
Value (USD Million) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Electric Vehicles Battery Market Region classification
By region, the electric vehicle battery Industries are segmented into Europe, North America, Asia-Pacific, rest of the world. According to the reports Asia-Pacific region is anticipated to dominate the market along with the largest electric vehicle battery market share. It is mainly because of the countries in the region like India, South Korea, China, and Japan. Even though the North American region is furthest divided into Canada, the US as the main reason may come to see the second largest share in the upcoming years. Surely it comes from Germany UK, France as well as other countries. So it is surely desperate to hold the third largest sharing to the studied for the first period. Moreover, the main reason behind this is the exponential growth in the cells of electric sales. This rule led to an increase in the development of sales of electric vehicle batteries. Lastly, you just need to consider the rest of the word reasons that comprise Latin America in the Middle East.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF SUPPLIERS
3.1.3 BARGAINING POWER OF BUYERS
3.1.34 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY BATTERY TYPE
5.1 INTRODUCTION
5.2 LITHIUM ION BATTERY
5.2.1 MARKET ESTIMATES & FORECAST, 2020-2027
5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2020-2027
…Continued.
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