Press release
Electric Vehicle Battery Market Expected To Grow At CAGR Of 41.95% Between Years 2017-2021
An electric vehicle battery is different from other batteries used in automobiles for starting, ignition, and lighting. They use a different chemistry to have a high density and high potential for the propulsion of the vehicle. Electric vehicle batteries are mostly lithium-ion batteries as other batteries, such as lead-acid batteries, consume more space and have less efficiency. The capacity of the batteries would differ based on the type of vehicle. An electric vehicle can be categorized into HEV, PHEVs, and BEVs.
Technavios analysts forecast the global electric vehicle battery market to grow at a CAGR of 41.95% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global electric vehicle battery market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Electric Vehicle Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
SAMSUNG SDI
BYD Company
LG Chem
A123 Systems
Panasonic Automotive and Industrial systems
Other prominent vendors
Bosch
Hitachi Automotive Systems
Johnson Controls
E-one Moli Energy
Tianneng Power International
Tesla Motors
Contemporary Amperex Technology
Automotive Energy Supply Corporation
Mitsubishi/GS Yuasa
Wanxiang
Market driver
Decline in price of electric vehicle batteries
For a full, detailed list, view our report
Market challenge
Increasing global power crisis
For a full, detailed list, view our report
Market trend
Faster charging of electric vehicles
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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