Growing demand for emission control systems and the establishment of green power generation for Electric Vehicle Batteries are driving the demand for the market.Market Size – USD 13.36 Billion in 2019, Market Growth – CAGR of 15.1%, Market Trends – High demand in the e-mobility trend.
The global electric vehicle battery market size was valued at USD 13.36 billion in 2019 and is expected to reach USD 46.80 billion by 2027 at a CAGR of 15.1%. Leading car manufacturers are increasingly concentrating on electric cars, which will fuel demand on the market. The continued installation of production equipment for electric vehicles and the resulting rise in electric car sales also lead to market growth.
Based on the types, the XYZ market has been further classified based on geography, application and consumption capability. On the basis of the product application, the industry is bifurcated taking into consideration those in demand and are an outcome of technology advancement. Region-wise, the performance of the industry along with the prominent vendors operating in the geography also illuminates stakeholders, business owners, and field marketing, executives. The different facets of the business based on parameters including new launches, acquisition and mergers and new entrants are discussed extensively during the study.
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Keyplayers :
East Penn Manufacturing Company, LLC
BYD Co. Ltd.
EnerSys
GS Yuasa Corporation
Hitachi, Ltd.
Exide Technologies
Johnson Controls
LG Chem Ltd.
Duracell
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Segments Covered in this Report
Battery Type Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
Lithium-Ion
Lead-Acid
Nickel-Metal Hydride
Sodium-Ion
Others
Vehicle Type Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
Passenger Vehicles
Commercial Vehicles
Propulsion Outlook (Volume: Kilo Tons) (Revenue: USD Billion; 2017-2027)
Battery Electric Vehicle
Plug-In Hybrid Electric Vehicle
Regional Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Continued…..