Press release
Battery Systems for Electric Vehicle Market Outlook with Expected 15.0% CAGR 2019 – 2023 | A123 Systems, Altair Nanotechnologies, Boston-Power, BYD, GS Yuasa, Hitachi, NEC, Panasonic
Battery Systems for Electric Vehicle Market
Overview of the Global Battery Systems for Electric Vehicle Market:
The Global Battery Systems for Electric Vehicle Market are expected to register a CAGR of around 15.0% during the forecasted period of 2018-2023.
The key vendors include Samsung, Toshiba, BYD, and Panasonic, as they will be responsible for providing the automobile makers with the battery kit shortly.
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Battery electric vehicles are powered by the electricity stored in the onboard battery. The onboard battery used in electric vehicles can be classified under one of the following three types: nickel metal hydride, lead-acid, and lithium-ion. The chemical energy stored in rechargeable battery packs installed in battery electric vehicles propels the electric motors and motor controllers.
The Global Battery Electric Vehicles Market is growing at a steady pace and is expected to post a significant CAGR of around USD 14 Billion by the end of 2023. As a result of the changes in the climatic conditions worldwide and the impact of globalization, most of the countries have been notified to control their emissions it mostly include Asian Pacific countries. This is expected to increase the demand for battery electric vehicles during the forecast period.
By the end of 2023, Asia Pacific will account for the majority of the market share, driven by the Environmental Protection Agency (EPA) regulations governing emission and fuel standards in the region, followed by North America. The demand for pure electric vehicles is on the rise and is expected to become a major propellant for the market. Lithium-ion batteries accounted for the highest share in the market.
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Major Key Players:
1 A123 Systems
2 Altair Nanotechnologies
3 Boston-Power, Inc
4 BYD
5 Electrovaya
6 GS Yuasa
7 Hitachi Automotive Systems
8 Johnson Controls
9 NEC
10 Panasonic and More…………………
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Table of Contents:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview and Technological Trends
5 Market Dynamics
6 Global Battery Systems for Electric Vehicles Market Segmentation, by Type
7 Global Battery Systems for Electric Vehicles Market Segmentation, by Vehicle Type
8 Global Battery Systems for Electric Vehicles Market Segmentation, by Geography
9 Competitive Landscape
10 Company Profile
11 Future Outlook of the Market
About us:
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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