Electric Vehicle Battery Market Estimated to Exhibit CAGR of 8.5% During 2017-2027
These drivers include factors like increase in demand for high energy density market, increasing preference of people towards cleaner air and technology with lesser emissions, increasing government’s private equity investments in electric vehicle industry, and surge in demand for lithium ion batteries. All these factors have supported the global electric vehicle battery to experience an exceptional market boost. However there are also a few factors that have a negative impact on the market and have resulted in restraining the growth of market. These restraints include stringent lead pollution norms that are affecting the manufacturers, high import taxes, volatile prices of raw material, political disturbance and low FDI in South Africa. All these factors are acting as a roadblock for the future growth of global electric vehicle battery market.
Other than this, there are also a few trends and opportunities monitored by the analysts. The trends following the global electric vehicle battery market are reduction in the size of electric vehicle battery, advancements in the battery technology, and innovations like zebra entering the market. Considering the key trends and the market forecast of the research, analysts have provided few opportunities that could assist the key players in the market. These opportunities include development of alternative technologies as source of fuel and improvement in battery charging infrastructure. Businesses that are currently in the market or that are trying to get into the market in near future can make the best of these opportunities to stay ahead of the competition.
This comprehensive research report exhibits the complete forecast of the market based on the factors affecting the market and their impact in the future. According to the forecast projections, the global electric vehicle battery market is expected to grow at a robust CAGR of 8.5% during the forecast period of 2017-2025. The expected revenue value of the market is expected to be around US$ 15,900 mn in 2017 and reach a value little under US$ 36,200 mn by the end of 2027.
To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/askus/rep-gb-5388
The market is also segmented into various segments to give a more clear view of the market. The research has segmented the market on the basis of battery type (Lithium Ion, lead acid battery, nickel hydride battery), by capacity (Less than 20 kWh, 21 – 40 kWh, More than 41 kWh), by vehicle technology (HEV, PHEV, BEV ), by vehicle type (Passenger Cars, LCV, HCV), by region (APEJ, North America, Latin America, Eastern Europe, Western Europe, Japan, MEA).
By battery type, Lithium Ion battery market is expected to have a great impact on the market with the rise in its demand and grow at a CAGR of more than 9% during the forecast period. By region, APEJ is the most lucrative and the electric vehicle battery market in APEJ is anticipated to grow at a CAGR of MORE THAN 10% during 2017-2027 to reach a significant market value by 2027 end.
By capacity, more than 41 kWh is projected to grow at the highest pace to reach an estimation of about US$ 14 Bn by the end of the forecast period. By vehicle technology, the HEV segment is the largest segment in terms of market valuation and is estimated to reflect a value more than US$ 22 Bn by 2027 end. The BEV segment in the vehicle technology category is anticipated to grow at the fastest pace in the coming years.By vehicle type, the passenger cars segment is highly lucrative and is likely to lead the global market in the future. By the end of 2027, this segment is estimated to grow at a high CAGR of 9.1% to portray a higher market revenue.
Request Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-5388
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Vehicle Battery Market Estimated to Exhibit CAGR of 8.5% During 2017-2027 here
News-ID: 1065663 • Views: 249
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Probiotic Ingredients Market at a CAGR 6%
A hectic lifestyle, result of longer and more demanding work days and work life, is leading to consumers shift preferences in terms of plugging the dietary gaps. While it is a logical outcome of this lifestyle that more and more people have no time to prepare elaborate meals, packed with nutrition, it is also true that awareness regarding the same is leading to hustle for capsule health. Read report Overview- https://www.transparencymarketresearch.com/probiotic-ingredients-market.html What this
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020