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Global Electric Vehicle Battery Market 2019-2025

10-31-2019 08:59 AM CET | Energy & Environment

Press release from: Mobility Foresights

Global Electric Vehicle Battery Market 2019-2025| Mobility Foresights

Global Electric Vehicle Battery Market 2019-2025| Mobility Foresights

Mobility Foresights added a new syndicated report titled “Global Electric Vehicle Battery Market 2019-2025"

Key contents of the report include-
1. Value chain of Electric vehicle battery market
2. Details on upcoming BEVs, by region, by OEM, battery capacity and supplier
3. Upcoming planned battery manufacturing facilities by region
4. Profitability assesment,Market share of EV battery suppliers, by region and opportunity for new suppliers
5. Market size and forecast by region, vehicle type , EV type and battery capacity

SUMMARY
Globally, as of Oct 2019, there are 350-360 EVs (BEVs+ PHEVs) on sale generating 2.1 Million-unit sales annually across the globe
By 2025, the number of EVs on sale could grow by 3x and so will the battery capacity required to power them. Therefore, the growth of EVs (especially BEVs) will create tremendous market opportunity for suppliers in Electric vehicle battery market.

MARKET DYNAMICS
The electric vehicle sales in 2019 is expected to grow by just 10%-15% as compared to 25-30% estimated earlier in 2019. The de-growth in Chinese market by 12-13% in Jan-Oct 2019 is a key contributor to that.

Download sample http://bit.ly/evbaty

MARKET SIZE AND FORECAST

In the passenger car segment, growth in long range battery electric vehicle sales is key to electric vehicle battery market growth, since PHEVs have a battery size of 9-17kWh only and their share has been declining in global EV sales.

The share of Battery Electric Vehicles as of Oct 2019 increased to 77% from 71% in 2018.In China(50% share in global EV market ) the share of battery electric vehicles is already 80+%.

The overall passenger car segment electric vehicle battery market size is estimated at 60-70Gwh alone in 2019 but by 2025, this number could change drastically.

In the commercial vehicle segment, most of the Electric vehicle battery demand is expected to stem from buses. The global public transit bus market is estimated at 500,000- 600,000 units per annum.

As of Oct 2019, 70+% of all new buses sold in China are electrified. Assuming a minimum 50% global electrification by 2025, could create an additional EV battery demand of 95-100Gwh alone.

ELECTRIC VEHICLE BATTERY MARKET SHARE

China based CATL and Panasonic are among the biggest suppliers in Electric vehicle battery market. CATL has about 40% share of electric vehicle battery market.

Incubex Nestavera ,

#728, Grace Platina, 4th Floor, Chinmaya Mission Hospital Rd, Indira Nagar 1st Stage, Bengaluru, Karnataka 560038, India

Mr Kunal Roy
Tel: +1-315-675-4056

We are a Market Research firm specialized in mobility domain(s). Our zone of research entails Automotive, Aerospace, marine, locomotive, logistics, and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for aforementioned domains.

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