Electric Vehicle (EV) Battery market research is provided on past, current and anticipated market situations, market drivers, trends driving it, and the challenges faced by the market which will help marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors in deciding corporate strategy, product strategy, marketing strategy and sales strategy. The report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Industry experts project Electric Vehicle (EV) Battery market to grow at a CAGR of 17.72% during the period 2019-2023.
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About Electric Vehicle (EV) Battery Market:
The advances in EV battery and associated technologies are expected to drive the electric vehicle battery market in the forthcoming years. Several automotive companies are engaging in collaborative partnerships with other manufacturers for developing batteries with improved specifications. Next-generation batteries are safer compared to lithium-ion batteries, have high charging rates, and low battery leakage risks. Furthermore, several initiatives are being implemented for improving the battery quality. Such rising initiatives to improve the efficiency of electric vehicles will drive the EV battery market to register a CAGR of close to 23% during the forecast period.
Significant developments in EV charging infrastructure is gaining prominence in the market. Factors including the deployment targets for charging stations, enactment of regulations, provision of financial aids, and mobilization of funding for installations are supporting the development of infrastructure for EVs. Also, owing to the contribution of several key members in the EV value chain, the infrastructure for EVs will continue to grow and develop while leading to considerably high electric vehicle battery sales in the forthcoming years.
Electric Vehicle (EV) Battery Market Trend, Challenge and Driver: –
EV Battery Market Segmentation Based on Battery Type
- Lithium-ion battery
- Lead-acid battery
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Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies. Key vendors operating in # market space are –
- Automotive Energy Supply Corporation, BYD Company Ltd., GS Yuasa International Ltd. LG Chem, Panasonic Corporation, SAMSUNG SDI CO. LTD
Geographic Segmentation: – APAC, Europe, North America and others.
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Some key points of Electric Vehicle (EV) Battery Market research report: –
- Industry Overview: Definition, Brief Introduction of Major Classifications, Applications, Major Regions.
- Production Market Analysis: Global Electric Vehicle (EV) Battery Market Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis, Major Manufacturers Performance and Market Share, Regional Market Performance and Market Share.
- Sales Market Analysis: Global Electric Vehicle (EV) Battery Sales Volume, Sales Price and Sales Revenue Analysis, Regional Sales Market Analysis.
- Consumption Market Analysis: Global Electric Vehicle (EV) Battery Consumption Volume Analysis, Regional Consumption Market Analysis, Regional Market Performance and Market Share.
- Production, Sales and Consumption Market Comparison Analysis: By Regional Electric Vehicle (EV) Battery Market Performance and Market Share.
- Major Manufacturers Production and Sales Market Comparison Analysis: Global and Regional Major Manufacturers Production and Sales Market Comparison Analysis
This report provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.