openPR Logo
Press release

Battery Electric Vehicle Market is Projected to Bring in US$ 150,000 Mn Revenues by 2017 to 2022-End

10-09-2018 03:43 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Battery Electric Vehicle Market is Projected to Bring in US$

Surge in demand for vehicles with eco-friendly features in the transportation industry has led to an upsurge in demand for battery electric vehicle globally. Increasing demand for relatively low maintenance cost of vehicles is projected to impact growth of the global battery electric vehicle market significantly in the upcoming years. A recently compiled report by Fact.MR reveals that the global market of battery electric vehicle is projected to reflect an impressive CAGR of 13.6% through 2022.

Request Report Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=271

Factors Fuelling Growth of the Global Market

Growth of the global market of battery electric vehicle is projected to be bound by several macro and micro economic factors. Demand for electric vehicles is projected to remain significantly concentrated in the transportation industry. The battery electric passenger vehicles have comparatively low maintenance expenses as they fnction on strong rotors unlike the conventional vehicles. Furthermore, the electric vehicles are not embedded with several facilities including fuel injection systems, radiators, costly exhaust system, and starter motor, which reduces the maintenance expenses of the vehicle. Bound to these factors, demand for battery electric vehicle is projected to increase in the transportation industry.

Equipped with comparatively low center of gravity, the electric vehicles are fast and subject to low risk of accidents or threats. Moreover, the major market players in the global market are increasingly using bio-based materials for manufacturing the padding, and the body parts of the electric passenger vehicles. Attributed to these factors, the global market of battery electric vehicle is projected to witness a significant growth throughout the forecast period.

While the overall outlook on growth of the global market remains positive, fast deterioration of the battery, and long duration for recharging the battery will continue to pose significant challenges to the customers. As these vehicles only allow commuting in short distances, demand for battery electric vehicle is likely to dip in the global market.

Passenger Cars to Represent a Leading Segment

Stored electricity is projected to sell more than the other power sources in the global market. Change in consumer preferences indicant surge in sales of the vehicles equipped with stored electricity facilities. Currently, the stored electricity power source type segment is projected to represent more than US$ 44,000 Mn by 2022-end. Stored electricity as compared to other power sources will reflect a relatively high CAGR in the global battery electric vehicle market through 2022.

By powertrain type, the parallel hybrid segment is projected to represent robust growth in terms of revenue in the global market. Presently, the parallel hybrid segment is projected to represent more than US$ 21,000 Mn by 2017-end. However, the combined hybrid powertrain will continue to witness robust growth as compared to the parallel hybrid segment.

Demand for battery electric vehicle will continue to increase among passengers in the transport industry globally. Passenger cars is projected to witness robust revenue growth in the global market. The passenger car vehicle type segment is projected to represent more than US$ 33,000 Mn by 2022-end. The passenger cars will continue to witness relatively high sales as compared to other vehicles in the global market.

View Full Report @ https://www.factmr.com/report/271/battery-electric-vehicle-market

Market Players

Major players in the global market of battery electric vehicle are Daimler AG, Bayerische Motoren Werke AG, General Motors, Ford Motor Company, Mitsubishi Heavy Industries Ltd, Honda Motor Company, Limited, Renault SA, Volkswagen AG, Nissan Motor Corporation, Limited, Toyota Motor Corporation, and Tesla Motors, Inc.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact us

Fact.MR

353-1-6111-593

11140 Rockville Pike

Suite 400

Rockville, MD 20852

United States

Email: sales@factmr.com

Web: https://www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
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 Battery Electric Vehicle Market is Projected to Bring in US$ 150,000 Mn Revenues by 2017 to 2022-End here

News-ID: 1291139 • Views: 89

More Releases from Fact.MR

07-02-2020 | Health & Medicine
Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fact.MR
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
Hand Sanitizer Market to Surpass US$ 2.8 Bn, Instant Hand Sanitizer Poised to Ho …
The global hand sanitizer market is set to surpass a value of ~US$ 1.4 Bn in 2020 and is anticipated to cross US$ ~2.8 Bn during the forecast period 2020-2030. The demand for gel-based sanitizer is on the rise as compared to foaming or spray sanitizer. Thus, manufacturers are focusing on developing gel-based sanitizers as they are widely used in multiple end-use industries. With the increased penetration of the online
03-20-2020 | Health & Medicine
Fact.MR
Medical Marker Bands Market Grows on the back of Their Radiopacity and Cost-effe …
Radiopacity of medical marker bands is giving significant impetus to their demand in the medical marker bands market. The properties of medical marker bands that increases their visibility under fluoroscopes or x-ray during critical procedures is giving an uptick to their sales worldwide. Manufacturers of medical marker bands are also showing a marked preference for cost-effective materials such as polymer and tantalum instead of traditional gold, platinum and palladium. On

All 5 Releases


More Releases for Motor

Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Sports Utility Vehicle Market to 2025 – Suzuki Motor, PSA Group, FCA Group, Ho …
Sports utility Vehicles Market are the vehicles which appear as a station wagon designed for the off roads travelling which not only used for commercial purpose but for family purpose also providing high functionality with comfort and luxury and above built with enormous space too. One of the major driver for the growth of Sports Utility Vehicles market is the continual improvement in styling, comfort, outer body and systems in
Axial Piston Motor Market
Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2100 An axial piston motor is a positive displacement motor that has a number of pistons in a circular array within a cylinder block. Axial piston motor works with a bent axis design or swash plate principle and is available in both variable and fixed displacement designs. The constant displacement type works as a hydraulic motor and the variable displacement type works as a hydraulic pump. Growing the
Global Luxury Van Market: Honda Motor, Hyundai Motor, Toyota Motor, Ford Motor, …
Qyresearchreports include new market research report Global Luxury Van Market Professional Survey Report 2018 to its huge collection of research reports. This report studies Luxury Van in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. This report focuses on top manufacturers in global market, with production, price, revenue and
Enerdoor's Motor Protection Range
Enerdoor has developed a Motor Protection Series to protect motors from harmful overvoltage and dV/dt spikes generated on the output. This is particular useful for applications with variable frequency drives and servo-motors. This series includes common mode and differential mode inductances, sine wave filters and snubbers designed to work with various frequency switches, output frequencies and applications. The sin wave filter series reduces the pulse wave modulation (PWM) effect, converts the PWM
Automobile Market 2017 - Daimler, BMW Group, Honda Motor, Ford Motor, Nissan Mot …
Apex Research, recently published a detailed market research study focused on the "Automobile Market" across the global, regional and country level. The report provides 360° analysis of "Automobile Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Automobile industry, and estimates the future trend of Automobile market on the basis of