Press release
Electric Car Battery Pack Market Size, Share, Statistics, Demand And Revenue, Forecast 2028
The Global Electric Car Battery Pack Market report offers a comprehensive evaluation of the market. It does give in-depth analysis via qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. The report contains detailed analysis of Electric Car Battery Pack market growth, segmentation, regional and country breakdowns. It can provide a detailed study of the drivers, development strategies, SWOT analysis and Covid-19 impact and growth recovery. This research will give a clear and precise idea about the overall market to the readers to take beneficial decisions.The global Electric Car Battery Pack market is expected to grow at a CAGR of 5.93% during the period 2022-2028, according to Market intelligence data.
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Main Key Players:
BYD, Panasonic, CATL, OptimumNano, LG Chem, GuoXuan, Lishen, PEVE, AESC, Samsung, Lithium Energy Japan, Beijing Pride Power, BAK Battery, WanXiang, Hitachi, ACCUmotive, Boston Power and others.
Recent Developments
In August 2020, CATL announced to develop a new EV battery with no nickel or cobalt in it. The company focuses to save a major portion of the cost with this development as cobalt is one of the most expensive components in an EV battery.
In November 2020, Samsung SDI announced that it will be commercializing a li-ion battery product that would replace liquid electrolyte in a battery cell with a solid electrolyte, which improves battery performance.
In March 2020, BYD announced the launch of a blade battery system, which consists of thin individual batteries. The thickness of a single battery is around 1.35 cm and occupies 50% less space than earlier products.
In July 2020, Panasonic Corporation announced the development of a technique to visualize lithium-ion dynamics in all-solid-state batteries on a nanometer scale in real-time, in collaboration with Japan Fine Ceramics Center (JFCC) and Institute of Materials and Systems for Sustainability, Nagoya University. The technique, which makes use of scanning transmission electron microscopy (STEM) and machine learning, was applied to both bulk-type and thin-film-type all-solid-state lithium-ion batteries.
In December 2019, Samsung SDI acquired an additional 15% stake in Samsung SDI-ARN (Xi'an) Power Battery Co., Ltd (SAPB) making it the majority stakeholder in the company with 65% of ownership. SAPB was initially found in 2014 by Samsung SDI Anqing Ring New Group and Xi'an Gaoke Group.
In July 2020, LG Chem declared that it would reuse and recycle its used batteries proactively. LG Chem would research and develop technologies to predict the remaining life by collecting the batteries supplied to customers.
In October 2020, CATL and RCS Global Group announced a partnership that would identify CATL's cobalt, lithium, and graphite suppliers. The partnership would expand to cover aluminum, copper manganese, and nickel suppliers in the future. RCS Global would assess the suppliers for conformance with environmental and human rights requirements and work with CATL and the suppliers to develop a responsible supply chain.
Dividing the Global Electric Car Battery Pack Market by Product types and Application
Segmentation By Type:
Lithium Ion Battery
NI-MH Battery
Other Battery
Segmentation By Application:
PHEVs
BEVs
Market Overview
The Electric Car Battery Pack market is expected to value USD 218.47 billion in 2028, from USD 34.08 billion in 2022.The outbreak of COVID-19 did have some impact on the supply chain of electric vehicles and Electric Car Battery Pack due to global supply chain disruption, but the impact was short-lived and had a short-term impact on the market.
Market Analysis and Insights: Global Electric Car Battery Pack Market
Electric Car Battery Pack Market report provides you with detailed insights, industry knowledge, market forecasts and analytics. The report on the global Electric Car Battery Pack industry also clarifies economic risks and environmental compliance. Global market report assists industry enthusiasts including investors and decision makers to make confident capital investments, develop strategies, optimize their business portfolio, innovate successfully and perform safely and sustainably.
The report on the Electric Car Battery Pack market covers the following region (country) analysis:
Asia-Pacific Expected to Witness Significant Growth
The Asia-Pacific region dominated the global market share in 2022. 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.
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Key takeaways from the Electric Car Battery Pack Industry study
- Simplified and insightful comprehensive Electric Car Battery Pack market analysis
- Evaluation of growth derivatives, crucial constraints, opportunities, and challenges
- Internal business overview including business connectivity, sales records, supply chain strategies and capabilities, product development, and marketing trends
- Exact Electric Car Battery Pack industry valuation
- Future forecasts and Electric Car Battery Pack market estimations followed by a demand to supply ratio projections
- Competitive benchmarking coupled with competitive analysis
- Key strategic initiatives fuelling Electric Car Battery Pack market growth
- In-depth assessment of the product, application, and regional segments
- Neutral geographic survey based on macro and micro-economic factors highlighting the growth potential of developed and developing economies
Following are the major TOC of the Electric Car Battery Pack Market:
Chapter 1: Electric Car Battery Pack Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Electric Car Battery Pack Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Electric Car Battery Pack Market Forecast
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The years considered for the study are as follows:
Base Year: 2021
Estimated Year: 2022
Projected Year: 2028
Forecast Period: 2022 to 2028
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