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Automotive Lithium Ion Battery Pack Market to Witness Rapid Development During the Period 2026

Preference for cost-effective and environment-friendly options in the automotive industry has led to an upsurge in demand of hybrid and plug-in hybrid vehicles. In addition, imposition of various government regulations is projected to impact the global market growth positively. Persistence Market Research states that the global market of automotive lithium ion battery pack is projected to reflect a CAGR of 12.5% over the forecast period, 2017-2026.

Factors Fuelling Global Market Growth

Growth of the global automotive lithium ion battery pack market is mainly bound to various macro-economic and micro-economic factors. As the need for rechargeable batteries with the high energy density continue to increase, demand for the lithium ion batteries is projected to remain high. Adoption of the lithium ion batteries is mainly bound to increasing production of the digital cameras, smartphones, tablets/PC and power tools. With the increasing registration of vehicles, sales of the automotive lithium ion battery packs is projected to increase significantly in the automobile industry.

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Governing authorities in several countries are encouraging the automotive manufacturers to opt for environment-friendly options. Government in several countries are further promoting the adoption of various plug-in hybrid and hybrid vehicles in the global market. In order to lower the level of pollution, the automotive manufacturers are increasingly focusing on utilization of the sustainable energy. Adoption of plug-in hybrid and hybrid vehicles for public transportation purposes is further expected to contribute towards the global market growth significantly.

Sales of the lithium ion batteries will also continue to remain high attributed to increasing demand for smartphones with enhanced battery capacity. Speedy draining of the battery life will continue to become a major concern among the manufacturers of smartphone. In order to offer enhanced battery life and capacity, manufacturers are significantly opting for lithium ion batteries during the production of various smartphones. On the other hand, the level of performance of the lithium ion batteries can also degrade and decay the battery in hot temperature conditions. This factors could pose a major challenge towards the global market growth of automotive lithium ion battery packs over the forecast period.

Sales to Remain High for the Hybrid Electric Vehicles

Increasing adoption of hybrid vehicles as a public transport is projected to fuel demand for a battery capacity of less than 20 kwh. In terms of revenues, the less than 20 kwh battery capacity segment is projected to witness the highest growth, recording for more than US$ 5,100 Mn by 2026-end. On the other hand, the more than 41 battery capacity segment is projected to reflect a significant CAGR over the forecast period.

By 2017-end, the hybrid electric vehicle (HEV) vehicle segment is projected to represent a significant revenue growth, accounting for more than US$ 2,000 Mn. In contrary, the full battery electric vehicle (BEV) vehicle segment is projected to reflect a robust CAGR throughout the forecast period.

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Based on vehicle type, the others vehicle type segment is projected to reflect a healthy CAGR over the forecast period. However, the passenger vehicle type segment is projected to generate significant revnues, recording for more than US$ 8,100 Mn by 2026-end.

Market Players                

CBAK Energy Technology, Inc
Panasonic Corporation
BYD Company Limited
GS Yuasa Corporation
LG Chem Ltd.
Samsung SDI Co., Ltd.
Tesla Motors, Inc.
Hitachi Chemical Company, Ltd.
Saft Groupe SA
Wanxiang Group Corporation

Our unmatched research methodologies set us apart from our competitors. Here’s why:

PMR’s set of research methodologies adhere to the latest industry standards and are based on sound surveys.
We are committed to preserving the objectivity of our research.
Our analysts customize the research methodology according to the market in question in order to take into account the unique dynamics that shape the industry.
Our proprietary research methodologies are designed to accurately predict the trajectory of a particular market based on past and present data.
PMR’s typical operational model comprises elements such as distribution model, forecast of market trends, contracting and expanding technology applications, pricing and transaction model, market segmentation, and vendor business and revenue model.

Persistence Market Research’s proactive approach identifies early innovation opportunities for clients in the global automotive sector. Our insights on next-generation automotive technologies such as connected cars, automotive emissions control, vehicle-to-vehicle (V2V), autonomous cars, electric and hybrid vehicles, and augmented reality dashboards ensure clients stay at the forefront of innovation.

Our competencies go beyond regular market research to deliver tailored solutions in an industry marked with increasing environment regulations, evolving consumer preferences, and a shifting landscape of emerging markets. We pride ourselves in helping our clients maximize their profits and minimize their risks. Actionable Insights & Transformational Strategies that Help you Make Informed Decisions. 

Report Highlights:

Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size Recent industry trends
Key Competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance

There has been a growing trend toward consolidation in the automotive sector, with the output of motor vehicles resting mainly in the hands of a few large companies and smaller independent manufacturers gradually.

Read all Automotive Market Insights here  https://www.persistencemarketresearch.com/category/automotive-and-transportation.asp

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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