EV Battery Market 2022 Size, Growth Rate, Restraints, Driving Forces 2027- CATL, BYD, LGchem

The report provides a strategic analysis of the Global EV Battery Market and the growth estimates for the forecast period 2022 to 2027. The report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. This report focuses on the major drivers, restraints, opportunities, and threats for key players. Also report focuses on EV Battery Market Trends, volume, and value at the global level, regional level, and company level.

The EV Battery Market is expected to register a CAGR of 28.2% over the forecast period 2022 – 2027.

Get a free sample of this Market report now @ 

https://www.marketintelligencedata.com/reports/652207/global-ev-battery-market-size-manufacturers-supply-chain-sales-channel-and-clients-2021-2027/inquiry?Mode=Ketaki

Top companies operating in the Global EV Battery market profiled in the report are: 

CATL, BYD, LGchem, CALB, Gotion High-Tech, Panasonic, EVE, Chinarept, Lishien, Farasis, Bakpower, Sunwoda

Industry News:

In November 2020, Delhi-based battery maker Inverted Energy announced the opening of its lithium battery manufacturing facility in New Delhi, India. The commissioning of the plant, which currently has a production capacity of 100 MWh (megawatt hour) annually, is aimed at reducing dependence on China.
In December 2020, LG Chem Ltd announced its plans to more than double the production capacity of battery cells it makes in China for Tesla Inc electric vehicles (EV) in 2021 to keep up with its US client's growth in the biggest car market. The firm, a supplier for Tesla's Shanghai-built Model 3, will also ship its increased output from China as well as Korea to Tesla's factories in Germany and the United States.
In February 2021, Amara Raja Batteries, India's second-largest automotive battery maker, has opened its maiden technology hub to develop lithium-ion cells at its Tirupati facility in Andhra Pradesh.

Market Segmentation by Types covers:

Ternary Lithium Battery
LiFePO4 Battery
Others

Market Segmentation by Applications covers:

Passenger Car
Commercial Car
Special Vehicle

To Browse Full Report:

https://www.marketintelligencedata.com/reports/652207/global-ev-battery-market-size-manufacturers-supply-chain-sales-channel-and-clients-2021-2027?Mode=Ketaki

Key Market Trends

Lithium-ion Battery to Dominate the Market

The lithium-ion battery is expected to dominate the market during the forecast period due to its high energy density, fast recharging capability, and high discharge power. Lithium-ion batteries are the only available technology that is capable of meeting OEM requirements for vehicle driving range and charging time.
Additionally, the cost of lithium-ion batteries has been decreasing, reaching a value below USD 137/KWh in December 2020, from around USD 900/KWh in 2011. The decreasing cost of the battery has promulgated the increase in the demand for EVs since the battery cost occupies a large share of the total EV cost.

Asia-Pacific to Dominate the Market
The Asia-Pacific region dominated the global market share in 2020. With the increasing deployment of electric vehicles in countries such as China, Japan, and India, and the high demand for vehicles with urbanization and increasing power purchase parity, the usage of lithium-ion batteries is expected to witness significant growth in the region.
China is one of the largest markets for electric vehicles, and the increasing adoption of electric vehicles in the country has been in line with the clean energy policy. Moreover, the Government of China has been providing both financial and non-financial incentives to promote the adoption of electric vehicles.
However, in January 2021, China's Ministry of Finance has cut subsidies for electric vehicles (EVs) by 20% for the year 2021, as sales of so-called new energy vehicles (NEVs)—a category covering hybrids, plug-ins, and hydrogen-powered autos—regained momentum after plunging during the pandemic last year.

Regional Analysis for EV Battery Market:

North America, Latin America, Asia-Pacific, Africa, and Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global EV Battery Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Major Points Covered in Table of Content:

Overview: Along with a broad overview of the global EV Battery Market, this section gives an overview of the report to give an idea about the nature and contents of the research study.

Analysis on Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the EV Battery Market.

Study on Key Market Trends: This section of the report offers a deeper analysis of the latest and future trends of the EV Battery Market.

Market Forecasts: Buyers of the report will have access to precise and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the EV Battery Market.

Regional Growth Analysis: All major regions and countries have been covered in the report. The regional analysis will help market players to tap into unmapped regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.

Market Analysis: The report provides accurate and reliable forecasts of the market share of important segments of the EV Battery Market. Market participants can use this analysis to make strategic investments in key growth pockets of the EV Battery Market.

Key Reasons to Purchase:

– To gain understanding analyses of the EV Battery Market and have a comprehensive understanding of the global market and its commercial landscape.

– To understand the most affecting driving and restraining forces in the market and their impact on the global market.

– To understand the future outlook and prospects for the EV Battery Market.

– To know the Key market trends across the business segments, Regions, and Countries.

– To analyse competitive growths such as new product launches, agreements, and share in the market.

We also offer customization on reports based on specific client requirements:

1- Free Country-level analysis for any 5 countries of your choice.

2- Free Competitive analysis of any 5 key market players.

3- Free 40 analyst hours to cover any other data points

About Us:

Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

Contact Us:

Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA

Phone: +1 (704) 266-3234

Mail to: sales@marketintelligencedata.com

This release was published on openPR.