Global Electric Vehicle (EV) Battery Market to Witness Healthy Growth by 2028: Trends Analysis, Business Opportunities, COVID Impact

Evolve business intelligence, today has published a new market research report on “EV Battery Market with COVID-19 impact, global and segmental analysis”. According to the report, the global EV Battery market is expected to grow from $XX Billion in 2020, which is expected to reach $XX Billion by 2028, growing at the CAGR of XXX% from 2021 to 2028.

For more information on the report: https://evolvebi.com/product/ev-battery-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the EV Battery market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the EV Battery market report also includes the following data points:
• COVID19 Impact on EV Battery market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the EV Battery market

Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario has rapidly reduced the sale of EV and the demand for EV batteries for the short term. Also, the decline in the oil price will have a direct impact on the electric vehicle market hampering the growth of EV batteries. However, with the condition getting better, the market is expected to boost during the forecast period due to increasing concern for the environment.

Competitor Scenario
Some of the major EV Battery players holding high market share include Panasonic, AESC, BYD, and Mitsubishi. These players use new product development and expansion as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
The report's aim is to provide a holistic market overview based on battery type, Material type, and Vehicle type. Based on battery type, the EV Battery market is segmented into Lead-acid, Lithium-ion, and Others. On the basis of Material type, the market is classified into Lithium, Cobalt, Manganese, and Natural Graphite. The EV Battery market is segmented based on Vehicle type into Passenger Cars, Vans/Light Trucks, and others

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the EV Battery market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• Panasonic
• AESC
• BYD
• Mitsubishi.
• LG Chem
• Samsung
• Wanxiang
• Beijing Pride Power
• Tianneng
• SB LiMotive

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Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the EV Battery market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the EV Battery market
• To provide an overview of the value chain analysis pertaining to the EV Battery industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall EV Battery market
• To analyze opportunities in the market by identifying high-growth segments of the EV Battery market
• To profile key players in the EV Battery market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global EV Battery market

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This release was published on openPR.