Global Electric Vehicle (EV) Battery Market Size was Valued At $23 Billion in 2017 and is Projected to Reach at $84 Million by 2025, Growing at a CAGR of 17.2% - Valuates Reports
A battery is used as a secondary power source in automobiles. An electric vehicle (EV) battery is a secondary (rechargeable) battery. It uses chemical energy stored in rechargeable battery packs for power and therefore does not require any combustion engine for propulsion. An electric vehicle battery or traction battery powers the propulsion of battery electric vehicles.
In recent years, consumers are more inclined toward battery electric/plug-in vehicles, because these vehicles run without fuel, such as petrol, diesel, and gasoline and have lower maintenance cost, which eventually reduces consumers’ expenses. According to the statistics provided by the German Federal Motor Transport Authority, there is a 61% increase in the plug-in EV (electric vehicle) sales in 2018 as compared to that in 2017. Thus, environment-friendly nature of electric vehicles drives the growth of the electric vehicle battery market.
Get Free Sample Report @ https://reports.valuates.com/request/sample/ALLI-Manu-2V6/Electric_Vehicle_Battery_Market
The growth of the electric vehicle (EV) battery market is driven by rise in the demand for zero-emission vehicles, decrease in the cost of the electric vehicle battery system, and an increase in the global awareness regarding climate change.
However, stringent lead pollution norms in electric vehicle battery may hinder the market growth. In addition, high import taxes on EV batteries and instability in raw material prices are expected to limit the electric vehicle battery market growth. Furthermore, evolution of Lithium-ion technology in EV battery and growth in public charging infrastructure offer lucrative opportunities for the market.
View Full Report @ https://reports.valuates.com/market-reports/ALLI-Manu-2V6
GLOBAL ELECTRIC VEHICLE (EV) BATTERY MARKET ANALYSIS
Over the past two decades, the advent of Lithium-ion technology has accelerated the growth rate of batteries. Although initial hybrid vehicles used Nickel Metal Hydride (NiMH) batteries, Li-ion batteries were the primary solutions to power plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) for automakers.
High-energy density, storage power for charging, and low maintenance are some of the advantages that have driven Li-ion's development as battery technology. Automotive manufacturers that introduce BEVs and PHEVs to the EV battery market are further expanding the technology and are expected to offer Li-ion energy solutions as their vehicles' primary power source.
TRENDS INFLUENCING THE GLOBAL ELECTRIC VEHICLE MARKET SHARE
1. Increasing concern about the adverse effects of climate change as well as
2. troubling levels of pollution in major cities
3. Raising support provided by the various governmental agencies
ELECTRIC VEHICLE BATTERY MARKET SEGMENTATION
The global electric vehicle battery market is segmented based on vehicle propulsion type, battery type, vehicle type, and region. On the basis of vehicle propulsion, the market is divided into battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV). The various battery types are Lead-acid, Nickel metal Hydride, and Lithium-ion. Passenger car and commercial vehicle are the two vehicle types. Based on region, the global electric vehicle battery market is analyzed across North America, Europe, Asia-Pacific, and Latin America Middle East and Africa (LAMEA).
TOP IMPACTING FACTORS
The soaring demand for zero-emission vehicles, advancing evolution of Lithium-ion technology, and rising government regulations on emission control systems are the significant factors that affect the growth of the global electric vehicle battery market. These factors are anticipated to either drive or hamper the market growth.
PRODUCTION OF LOWER COST BATTERIES
Automobile companies focus on the production of advanced electric vehicle battery systems that are expected to have lower emission at relatively lower costs as compared to heavier and larger engines. Compactness and cost-effectiveness are other useful features of this battery Thus, development of technological advancement in the electric vehicle battery system presents various opportunities for leading players in the future.
KEY BENEFITS FOR ELECTRIC VEHICLE BATTERY MARKET:
This study comprises an analytical depiction of the global electric vehicle battery market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the lucrative trends to gain a stronger foothold in the electric vehicle battery industry.
The report includes information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the global electric vehicle battery market.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in this global market.
TOP COMPANIES IN ELECTRIC VEHICLE BATTERY MARKET:
Beijing Pride Power
Inquire for Discount @ https://reports.valuates.com/request/discount/ALLI-Manu-2V6/electric-vehicle-battery
ELECTRIC VEHICLE BATTERY MARKET KEY SEGMENTS:
Electric Vehicle (EV) Battery Market By Propulsion Type
Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
Electric Vehicle (EV) Battery Market By Type
Lead Acid Battery
Nickel Metal Hydride Battery
Lithium ion Battery
Electric Vehicle (EV) Battery Market By Vehicle Type
Buy Now @ https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2V6
REGION WISE GLOBAL ELECTRIC VEHICLE (EV) BATTERY MARKET ANALYSIS
Due to Chinese domination, the Asia Pacific continues to retain its leading position in the electric vehicle battery market, with revenues exceeding US$ 35,000 million in 2018. Sales of electric vehicle batteries in the region remain driven by the strong automotive industry and improving economic conditions.
North America is expected to be a high-growth market for batteries for electric vehicles, accounting for almost one-third of the 2018 production.
Inquire for Regional Report @ https://reports.valuates.com/request/regional/ALLI-Manu-2V6/Electric_Vehicle_Battery_Market
Rest of Europe
Rest of Asia-Pacific
REPORTS RELATED TO ELECTRIC VEHICLE (EV) BATTERY MARKET:
EV Battery Market:
Electric Vehicle (EV) Battery Cell Market:
Global Electric Vehicle Battery Cell market size will increase to 165600 Million US$ by 2025, from 17800 Million US$ in 2018, at a CAGR of 32.2% during the forecast period
Electric Vehicle (EV) Battery Pack Market:
Global Electric Vehicle Battery Pack market size will reach 131600 million US$ by 2025, from 16400 million US$ in 2018, at a CAGR of 29.7% during the forecast period
Electric Vehicle (EV) Battery Cases Market:
Electric Vehicle (EV) Power Battery Market:
Electric Vehicle Power Battery Market growing at a CAGR of 8.2% from 2019-2025
For U.S. Toll Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Our aim is to collate unparalleled Market insights and notify our customers as and when it happens. Valuates is curating premium Market Research Reports from the leading publishers around the globe. We will help you map your information needs to our report repository of Market research reports and guide you through your purchasing decision. We are based out of Silicon Valley of India (Bengaluru) and provide 24/7 online and offline support to all our customers and just a phone call away.
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 Global Electric Vehicle (EV) Battery Market Size was Valued At $23 Billion in 2017 and is Projected to Reach at $84 Million by 2025, Growing at a CAGR of 17.2% - Valuates Reports here
News-ID: 1869528 • Views: 294
More Releases from Valuates Reports
mRNA Treatment Market Size, Share, Trends, Growth, Forecast | Valuates Reports
mRNA Treatment market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global mRNA Treatment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026. View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-22U2563/covid-19-impact-on-global-mrna-treatment Since the COVID-19 virus outbreak in December
Plasma Fractionation Market Report, Size, Growth, Trends, Segments, Forecast | V …
In 2018, the global Plasma Fractionation market size was 24600 million US$ and it is expected to reach 32300 million US$ by the end of 2025, with a CAGR of 4.0% during 2019-2025. Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-4176/Global_Plasma_Fractionation Human blood plasma is nature's raw material for dozens of life-saving treatments and medications. By extracting the active ingredients and disinfection, people get related preparations from blood plasma, which is called Plasma Fractionation. Plasma Fractionation is
CAPTIONING AND SUBTITLING SOLUTIONS MARKET REPORT, SIZE, SHARE, FORECAST, ANALYS …
In 2018, the global Captioning and Subtitling Solutions market size was 220 million USD and it is expected to reach 370 million USD by the end of 2025, with a CAGR of 7.7% during 2019-2025. https://reports.valuates.com/request/sample/QYRE-Auto-916/Global_Captioning_and_Subtitling_Solution Captioning and subtitling solutions provides platform for video captioning and subtitling of digital media. The solutions enable encoding, editing, and repurposing of video subtitles and captions for delivery platforms, such as, web, mobile, and television. Captioning
MOOC Market Analysis 2020, Size, Share, Trends, Growth, Industry Research Report
The Global Massive Open Online Course (MOOC) Market size is expected to grow from USD 4,637.96 Million in 2019 to USD 25,080.44 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 32.48%. Request a Sample Copy of the Report For COVID-19 Impact Analysis MOOC Market: https://reports.valuates.com/request/sample/360I-Auto-4J277/The_Global_Massive_Open_Online_Course_Market Global MOOC Market Segmentation & Coverage: This research report categorizes the Massive Open Online Course (MOOC) to forecast the revenues
More Releases for Vehicle
Fuel Cell Vehicle Market
The report aims to provide an overview of the global Fuel Cell Vehicle Market with detailed market segmentation by technology, vehicle type, and geography. The global fuel cell vehicle market is expected to witness high growth during the forecast period. The fuel cell vehicle market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market. Get Sample Copy of
Electrical Vehicle Business
India is exploring the market acceptance and industry dynamics of the electric vehicles manufacturing and servicing sector, both are at an early stage, as domestic OEMs are just started launching EV models and the acceptance is growing slowly. The government policies like rolling out new taxes and awareness about these vehicles will improve the interests significantly which will accelerate the segment’s profitability. Although India’s CO2 emission levels from electricity generation are
Reliable Vehicle Performance Testing
Grant Squirrel Ensures Safety and Robustness of Product Line CAS DataLoggers provided a major automobile manufacturer with the data logging solution for its rigorous vehicle performance testing. As part of the testing of any new vehicle, sample units were typically subject to a variety of endurance and durability tests to identify any potential weak points or failure modes and chart their performance. To gather the most detailed record of a car’s
Vehicle Tracking Market
Vehicle Tracking Market – Global Industry Analysis and Forecast (2017-2026) – By Product, Vehicle, Technology, Application and Region. Vehicle Tracking Market size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. Vehicle tracking market size is estimated
Vehicle Detectors Market
https://www.qandqmarketresearch.com/reports/7194018/vehicle-detectors-market-104 Vehicle detectors sense the presence of vehicles. They provide an output signal to a control unit, such as a gate or door operator, to open or close. When used as a safety device, vehicle detectors prevent a gate or door from closing on a vehicle. Global Vehicle Detectors market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast
Global Industrial Vehicle Market
Global Industrial Vehicle Market: Key Trends and Drivers Battery operated vehicles are considered as the biggest drivers for the market today. They can be easily adopted in industries since they’re relatively more economical during operation with low maintenance cost, and work more efficiently. The global industrial vehicle market is characterized by innovative, automated and eco-friendly vehicle. Evolving requirements of material-handling vehicles globally trends the industrial vehicle market growth.