According to the new market research report Global High Voltage Battery Market By Capacity (75-150, 151-225, 226-300, >300kWh), Type (NCA, NMC, LFP, Others), Range (100-250, 251-400, 401-550, >550 Miles), Voltage (400-600, >600V), Vehicle Type (Truck, Bus, Passenger Car) and Region-Global Forecast to 2025, The global high voltage battery market, by value, is projected to grow from USD 8.9 billion in 2018 to USD 89.1 billion by 2025, at a CAGR of 38.95% during the forecast period. The market growth is primarily driven by factors such as the increasing demand for higher acceleration and significant investments by governments toward smart transportation.

Key Players:

The key players in the high voltage battery market are Tesla (US), BYD (China), Panasonic (Japan), LG Chem (South Korea), Samsung SDI (South Korea), and CATL (China). Additionally, the report covered 20 major players.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=117295368

The high voltage battery market is dominated by a few global players and comprises several regional players. Panasonic (Japan) is identified as the leading player in the high voltage battery market. The company is one of the established players and a globally renowned supplier of high voltage battery to electric vehicles. The company follows the strategy of new product developments to gain a competitive edge in the high voltage battery market. In September 2018, Panasonic developed the technology to visualize the movement of the lithium-ions in the next-generation batteries during the charging and discharging processes. Additionally, Panasonic is working with Tesla for the manufacturing of Model 3 batteries.

CATL (China) is also one of the leading players in the high voltage battery market. The company deals with major OEMs, such as PSA (France), BMW (Germany), Yutong Bus (China) , and Zhongtong Bus (China), across the globe. In addition, the company aims to have a global lithium-ion production capacity of 50 GWh by 2020. It has adopted the strategy of partnerships/collaborations/joint ventures/agreements/supply contracts to increase its presence in the high voltage battery market. In July 2018, CATL began cooperation with Ford-partner and EV manufacturer, Jiangling Motors. The duo is planning to do research and development on different vehicle models for their cooperation.

Request for Free Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=117295368

"Trucks to be the fastest growing market for high voltage batteries, by vehicle type."

Trucking industry plays a vital role in the global economy. Today, the key challenges for the trucking industry are to provide reliable transportation that lowers the impact on the environment. The electric trucks market is currently in a nascent stage. By the end of 2019, heavy-duty electric trucks are expected to be launched by Tesla, Volvo, Daimler, Cummins, and Navistar. According to industry experts, Tesla semi-truck will be the game changing model in the electric trucks industry and according to the company, it is set to be launched in 2020.

"Asia Oceania to be the largest market for high voltage batteries, followed by North America."
Asia Oceania is expected to provide lucrative opportunities in the High Voltage Battery Market owing to fast-developing countries and increasing expenditure on the development of fast charging infrastructure. Additionally, China is the largest market for BEVs in the world. Recent developments in the charging infrastructure and smooth EV government regulations have boosted the light-duty and heavy commercial electric vehicle markets in the country. These factors will contribute to Asia Oceania being the largest High Voltage Battery Market.

The North American region will be an early adopter of the high voltage battery BEVs and is estimated to be one of the major contributors to the High Voltage Battery Market during the forecast period. The higher demand for long range BEVs drives the growth of the high voltage battery industry. Additionally, the partnership or collaboration of major battery manufacturers and OEMs play a major role in the High Voltage Battery Market. The long distance between cities in the US requires buyers to have electric cars with long ranges.