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Global EV Storage Battery Market Size, Demand, Trends and Growth by Business Opportunities, Latest Innovation, Technology Trends and Forecast 2025 | Panasonic, BYD, LG Chem, AESC, Mitsubishi, Samsung

05-05-2020 04:30 AM CET | Energy & Environment

Press release from: Business Industry Reports

/ PR Agency: Business Industry Reports
EV Storage Battery Market

EV Storage Battery Market

Global EV Storage Battery Market: Growth Factors

Increasing demand for grid-connected solutions is one of the major factors driving the growth of the market. Moreover, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries are expected to considerably boost the market in the coming years

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Global EV Storage Battery Market: Segmentation

On the basis of Product Type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Lead-acid batteries, Nickel-based batteries, Sodium sulfur battery, Secondary lithium battery. Based on End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Passenger Car, Commercial vechicle.

Global EV Storage Battery Market: Regional Analysis

Asia Pacific was a prominent market for EV Storage Batterys in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the EV Storage Battery market in Asia Pacific.

There are several manufacturers of EV Storage Batterys in Europe and North America. In North America, the demand for EV Storage Batterys is primarily driven by the residential sector. Improved standards of living and rising usage of EV Storage Batterys for flooring purpose are anticipated to drive the market in North America.

Global EV Storage Battery Market: Competitive Players

Some of the major players that operate in the Global EV Storage Battery Market are Panasonic, BYD, LG Chem, AESC, Mitsubishi, Samsung, Epower, Beijing Pride Power.

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Global EV Storage Battery Market: Regional Segment Analysis

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

APAC is gradually becoming a hub for the battery energy storage system industry. The demand for battery energy storage systems from China, India, and Japan is gradually increasing. The electricity demand in China is on rise due to the rapid population growth in the country. To fulfill the increasing demand from this population, the state-owned State Grid Corporation of China, the world's largest utility, has deployed battery energy storage systems to provide ancillary services throughout its grid.

What Report Provides

Full in-depth analysis of the parent market

Important changes in market dynamics

Segmentation details of the market

Former, on-going, and projected market analysis in terms of volume and value

Assessment of niche industry developments

Market share analysis

Key strategies of major players

Emerging segments and regional markets

Testimonials to companies in order to fortify their foothold in the market.

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Latest Industry Updates:

BYD Company Ltd. (BYD) and Toyota Motor Corporation (Toyota) announced today that preparations have proceeded since they signed an agreement for the establishment of a joint venture company to conduct research and development of battery electric vehicles (BEVs) on November 7, 2019, and registration of the new company has been completed. Operations are scheduled to commence in May 2020. The name of the new company is BYD TOYOTA EV TECHNOLOGY CO., LTD. (BTET). Hirohisa Kishi from Toyota will serve as chairman, and Zhao Binggen from BYD will be the chief executive officer (CEO).

New Chairman Hirohisa Kishi said with regard to the establishment of the company, "With the engineers from BYD and Toyota working together under the same roof, we aim to develop BEVs that are superior in performance and meet the needs of customers in China by merging the two companies' strengths and also through friendly rivalry." Newly appointed CEO Zhao Binggen commented, "This joint venture company will focus on the research and development of battery electric vehicles with technology and know-how from both China and Japan. The company is committed to promoting and populating high-quality technologies that make battery electric vehicles more environmentally friendly, safe, comfortable, and intelligent. Our vision is to create a future customer-first mobility style, and a harmonious society for humans and nature

Table of Contents:

Global EV Storage Battery Market Report 2020

1 EV Storage Battery Definition

2 Global EV Storage Battery Market Major Player Share and Market Overview

3 Major Player EV Storage Battery Business Introduction

4 Global EV Storage Battery Market Segmentation (Region Level)

5 Global EV Storage Battery Market Segmentation (Product Type Level)

6 Global EV Storage Battery Market Segmentation (Industry Level)

7 Global EV Storage Battery Market Segmentation (Channel Level)

8 EV Storage Battery Market Forecast 2020-2024

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