Press release
EV Battery Market Outlook to 2022: High Growth Opportunities by 2025
The global EV battery market is projected to grow at a CAGR of 25.3% from USD 27.3 billion in 2021 to USD 67.2 billion by 2025. Increasing demand of electric vehicles, improvement in battery technology, supporting government policies and regulations, and launch of new plug-in EV models are factors responsible to drive the EV battery market.Today, with the increasing concerns raised over the environmental impact of conventional vehicles, governments around the world are encouraging the adoption of vehicles using alternative sources of fuel. EVs are zero-emission vehicles and are gaining preference for clean public transport across countries. Several national governments offer financial incentives, such as tax exemptions and rebates, subsidies, reduced parking/toll fees for EVs, and free charging, to encourage the adoption of EVs. Thus, globally the requirement of EV battery is gaining fast pace.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100188347
The passenger cars segment is expected to be the largest vehicle type market
The passenger cars segment is expected to lead the EV battery market in Asia Pacific due to the high adoption rate of EVs in China. The high growth of the passenger cars segment can also be attributed to the presence of major EV manufacturers such as BYD, Byton, BAIC, and Geely in the country that manufacture EV passenger cars in large volume.The passenger cars segment is expected to dominate the EV battery market during the forecast period, as many governments across the globe have started introducing emission norms. Since the production of electric passenger cars remains the highest among other EV types, the growth opportunity increases for batteries.
The lithium-ion segment in battery type will be leading the EV battery market during the forecast period
Lithium-ion batteries are the most common battery type used in modern electric vehicles. These batteries have higher energy density compared to lead-acid or nickel-metal hydride batteries. Their compact size makes them preferable in the automotive industry. For example, Nissan's lithium-ion battery technology allows a higher density of lithium ions to be stored, increasing travel distance. Panasonic, one of the major suppliers of batteries to OEMs like Tesla and Toyota, has deployed more lithium batteries in 2019 than all of its competitors globally. CATL quadrupled its lithium batteries deployment year-over-year to 4,800 tons in 2019. In 2020, CATL also successfully tested its liquid cooling battery energy storage system (BESS) based on lithium iron phosphate (LFP) and cleared all the safety tests. Alternatives such as advanced batteries and supercapacitors cannot easily replace lithium-ion batteries due to their performance, cost, weight, and size.
Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=100188347
The European EV battery market is projected to be the fastest by 2025
Europe is estimated to account for a share of 31.0% of the global EV battery market, by volume, in 2021 and is projected to grow at a CAGR of 35.3% during the forecast period. The growth of the EV battery market in the region is largely dependent on government incentives and funds as electric vehicles are currently very expensive.
Key Market Players:
The global EV battery market is dominated by major players CATL (China), Panasonic (Japan), LG Chem (South Korea), BYD (China), and Samsung SDI (South Korea).The key strategies adopted by these companies to sustain their market position are new product developments,merges & acquistions, supply contracts, partnerships, expanisons, collaborations, acquisitions, and contracts & agreements.
View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/electric-vehicle-battery-market-100188347.html
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: newsletter@marketsandmarkets.com
Phone: 18886006441
Address: 630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
One stop solution for all Market Research & Consulting needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release EV Battery Market Outlook to 2022: High Growth Opportunities by 2025 here
News-ID: 2644105 • Views: …
More Releases from MarketsandMarkets™ INC.

Electric Vehicle Market Size, Share, Trends & Analysis by 2030
The global EV market is projected to grow from USD 388.1 billion in 2023 to USD 951.9 billion by 2030, registering a CAGR of 13.7%. The electric vehicle (EV) market is currently experiencing a transformative phase of rapid growth and innovation. With increasing global concern over climate change and air pollution, coupled with advancements in technology and supportive government policies, the adoption of EVs has gained tremendous momentum. Consumers are…

Automotive Radar Market Valued at $33.6 billion by 2030
The global automotive radar market is projected to grow from USD 6.6 billion in 2024 to USD 33.6 billion by 2030, registering a CAGR of 31.1%.
The automotive radar market is flourishing due to a confluence of factors. The primary driver is the surging demand for Advanced Driver-Assistance Systems (ADAS) and autonomous vehicles. These technologies heavily rely on radar for object detection and measurement, making it an essential component. Furthermore, stricter…

Connected Car Market Poised to Reach $26.4 billion by 2030
The globally connected car market is estimated to grow from USD 12.4 billion in 2024 to USD 26.4 billion by 2030, at a CAGR of 13.3%.
Government initiatives towards developing intelligent transportation networks and the growing trend of in-vehicle connectivity solutions are two factors influencing the growth of the worldwide connected car market. Also, the consumer demand for a safer, more convenient, and entertaining driving experience is a significant driver. This…

Semi-Autonomous & Autonomous Trucks and Buses Market worth $179.9 billion by 203 …
The Semi-autonomous & autonomous Trucks and Buses market size is projected to grow from USD 40.7 Billion in 2024 to USD 179.9 Billion by 2035, at a CAGR of 14.4%. The increasing demand for electric and autonomous vehicle and government regulation regarding safety is expected to increase the demand for Semi-autonomous & autonomous Trucks and Buses. Additionally, continuos innovation in advance driving technologies and components will boost the demand…
More Releases for EVs
Global Hybrid Cars And Evs Driving Recorder Sales Market Size by Application, Ty …
According to Market Research Intellect, the global Hybrid Cars And Evs Driving Recorder Sales market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The driving recorder market for hybrid and electric vehicles (EVs) is witnessing significant…
Immersion Cooling Fluids Market for EVs: Trends & Competitive Analysis.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Immersion Cooling Fluids Market for Evs Market Size, Share & Trends Analysis Report By Vehicle Type (passenger vehicles, light commercial vehicles, and heavy commercial vehicles), Propulsion Type (Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), and Plug-in Hybrid Electric Vehicles (PHEVs)), Application (EV Batteries, EV Motors, and Power Electronics), Product Type (single-phase coolants and two-phase…
EVs Vs. ICE Cars: What to Choose in 2025
The automotive market has seen major changes in recent years. Electric vehicles have become a worthy alternative to traditional gasoline cars amid a global shift towards clean technologies. In 2024, the market is showing growth in sales of EVs, supported by government subsidies and the development of charging station infrastructure.
Electric models promise lower maintenance costs and reduced carbon emissions, but gasoline cars are often better suited for long trips and…
Mini-EVs: Revolutionizing Personal Transportation with Electric Micro Vehicles
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
• By battery type, the lithium-ion battery segment is anticipated to exhibit significant growth in the future.
• By type, the golfcarts, utility, and neighborhood electric vehicles segment is anticipated to exhibit significant growth in the future.
• By application, the commercial segment is anticipated to exhibit significant growth in the future.
• By region, Europe is anticipated to register the highest CAGR during the forecast period.
The micro electric…
Global Hub Motor for EVs Market|| key player- Hub Motor for EVs Market, ABEGG, S …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Global Hub Motor for EVs Market Trend Evaluation & Future Forecast during the Period 2019-2026”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The report also targets important facets such as market drivers, challenges, latest trends, and…
Global Hybrid Cars and EVs Sales Market Report 2017
In this report, the global Hybrid Cars and EVs market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Hybrid Cars and EVs for these regions, from…