The report also helps in understanding Electric Vehicle Battery Market dynamics, structure by analyzing the market segments and projects the Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Electric Vehicle Battery Market make the report investor’s.
Electric Vehicle Battery Market was valued at USD 217.83 Billion in 2021, and it is expected to reach USD 1491.91 Billion by 2029, exhibiting a CAGR of 27.19% during the forecast period (2022-2029)
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Market Scope :
To get the final quantitative and qualitative data, all possible factors influencing the markets included in this research study have been considered, thoroughly analyzed, confirmed by primary research, and assessed. The market size for top-level markets and sub-segments is assessed, and the influence of inflation, economic crashes, regulatory & policy changes, and other variables is accounted for in market forecasting. This data is combined with detailed inputs and analysis from the firms and presented in this report.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.
The goal of this study is to give a comprehensive assessment of the Electric Vehicle Battery Market by segments and geography. The paper goes into great detail on the major variables impacting the growth of the Electric Vehicle Battery market. The report also provides a thorough examination of the market’s value chain.
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Electric Vehicle Battery Market Segmentation :
Based on Propulsion Type, the market is sub-segmented into Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle. The BEV segment led the market in 2021, and it is expected to continue to do so during the forecast period. PHEVs, on the other hand, are expected to expand at the quickest rate during the forecast period. Because of fuel efficiency limits, the BEV sector is expected to gain significant traction in emerging markets. The battery of a PHEV can be recharged using an external source of energy as well as the on-board engine and generator, whereas the battery of a BEV is entirely reliant on rechargeable battery packs. China has been the greatest market for battery electric car sales and manufacturing (BEVs). The growing popularity of small battery electric cars with battery packs is expected to drive the electric vehicle battery sector ahead. In response to growing demand, vendors are scaling up battery manufacturing while also striving to enhance margins and preserve price competitiveness.
Based on Battery Type, the market is sub-segmented into Lead Acid Battery, Nickel Metal Hydride Battery, Lithium ion Battery. In 2021, the lithium-ion industry held the biggest market share. Lithium-ion batteries are used when low weight and high energy density are required. These batteries are extensively used in automotive applications, including electric and hybrid cars, due to their high energy density per weight. Adequate EV charging infrastructure is important for e-mobility adoption and bodes well for lithium-ion battery sales growth.
Electric Vehicle Battery Market Key Players :
• BYD Company Limited
• Volkswagen AG
• General Motors
• Samsung SDI
• Automotive Energy Supply Corporation
• LG Chem.
• Panasonic Corporation
• GS Yuasa International
• Beijing Pride Power
• SB LiMotive
• Energy Supply Corporation
• Johnson Controls International
• Narada Power Source
• Crown Battery Corporation
• Hitachi Chemical Company
• Contemporary Amperex Technology Co. Ltd
• ATLASBX Co.
• NEC Corporation
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing managers, while secondary research included an examination of the main manufacturers’ quarterly and financial performance. Secondary sources are used to produce worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then checked using primary data.
Regional Analysis :
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
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COVID-19 Impact Analysis on Electric Vehicle Battery Market :
The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Electric Vehicle Battery market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the Electric Vehicle Battery industry’s firms and associations.
Key Questions Answered in the Electric Vehicle Battery Market Report are :
Which segment grabbed the largest share in the Electric Vehicle Battery market?
What was the competitive scenario of the Electric Vehicle Battery market in 2021?
Which are the key factors responsible for the Electric Vehicle Battery market growth?
Which region held the maximum share in the Electric Vehicle Battery market in 2021?
Reasons to Purchase the Electric Vehicle Battery Market Report :
The Maximize Market Research (MMR) report contains a wealth of information about market dynamics and prospects for the anticipated time frame.
Segments and sub-segments exist for quantitative, qualitative, and value (USD Million) data.
Data on supply and demand trends at the national, regional, and sub-regional levels are provided.
The competitive landscape presents current innovations and strategies as well as the market shares of the leading rivals.
Companies that offer a variety of goods, financial information, cutting-edge technology, SWOT analyses, and business ideas.
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