openPR Logo
Press release

Electric Vehicle (EV) Battery Market Regional Outlook, Development Trends, Key Manufacturers Analysis and Competitive Analysis by 2027

07-12-2022 08:58 AM CET | Logistics & Transport

Press release from: Fairfield Market Research

Electric Vehicle (EV) Battery Market Regional Outlook,

Electric vehicles (EVs) are rapidly becoming mainstream as the governments from all over the world have set their zero-emission mobility deadlines. Financing schemes and subsidies offered for both OEMs and consumers are playing a crucial role in the market build-up, further supported by rising expenditure of governments on charging infrastructure and battery technology. During 2017-2018, demand for EVs grew 40% in the US and a whopping 80% in Europe, which indicates a massive market potential of electric vehicle (EV) battery. A new upcoming study of Fairfield Market Research examines the global electric vehicle battery market for the forecast period between 2021 and 2027.

Get PDF Sample Copy of this Report:
https://www.fairfieldmarketresearch.com/report/electric-vehicle-ev-battery-market/request-sample

Growing Commercial Vehicle Electrification Drives EV Battery Sales

Expansion of the transportation systems of several countries is boding well for both EV and electric vehicle battery markets. The commercial vehicle electrification is gaining ground rapidly, pushing the market for EV battery makers. As logistical vehicles and public transportation remain the mainstay of urban sector across the globe, escalating demand for efficient public transit in Australia, some of the European countries, and some ASEAN countries is expected to fuel the EV battery sales in the near future. Inclusion of electric vehicles in public transport sector will introduce an influx of revenue generation opportunities for EV battery makers, EV makers, as well as OEMs.

Passenger Vehicles Lead; Asian Market Houses a Majority of Production

Passenger vehicles are registering significant consumption of EV battery, specifically with cobalt-based cathodes. While the trend is prominent in China, the country currently captures approximately 60% share in the global electric vehicle battery market value. Increasing demand for economical electric car models across Asian markets is likely to unlock new doors of opportunity in the region. Although Europe has been the leader in EV space, most of the production is based in China and surrounding Asian market places owing to the cheaper labour they offer overheads.

Companies Tackling Concerns Surrounding EV Battery

Top automakers such as Nissan, Renault, and Volkswagen have been investing heavily in the recycling and reusing electric vehicle battery markets. Improving the recyclability of Lithium-ion batteries and building a circular supply chain will thus be the central point of interest for industry participants in future. With more compact size, lighter weight, improved range of running, and greater efficiency, solid-state batteries are being perceived as superior over lithium-ion batteries to power EVs. Currently, Toyota pioneers the development of this battery technology with more than 1,000 patents, whereas Nissan has a dedicated solid-state battery development plan that would be used to run a non-simulation vehicle by 2028.

Do You Have Any Query Or Specific Requirement? Request for Custom Research:
https://www.fairfieldmarketresearch.com/report/electric-vehicle-ev-battery-market/request-customization

Chinese Players Redirecting Competition in EV Battery Space

Some of the key companies the report is considering to profile for strategic insights, include Contemporary BYD Company Limited, LG Chem, Ltd., Johnson Controls International PLC, Panasonic Corporation, SAMSUNG SDI Co., and A123 Systems. M&A and joint ventures are expected to remain preferred growth strategies in the electric vehicle battery market. R&D collaborations will also emerge popular among manufacturers, tech companies, and battery makers.

The South Korean trio - LG Energy Solution, Samsung SDI, and SK Innovation, collectively capture more than 30% share in the global electric vehicle battery market but the share of these companies has seen a measurable dip since 2020. Chinese players, led by CATL, are rapidly eating up the global market, causing Korean companies to back-pedal. Other reasons behind the backout of Korean players is the brisk technology shifts and increasingly aggressive competition by Chinese companies. On the other hand, as an effort to reduce dependence on China, especially given the conditions driven by the global COVID-19 pandemic, India is expecting its first EV battery plant setting up in Karnataka.

Browse Trending Reports by Fairfield Market Research-

Mouth Ulcers Treatment Market- https://www.globenewswire.com/en/news-release/2022/05/24/2449588/0/en/Mouth-Ulcers-Treatment-Market-Reaches-US-2-047-9-Mn-by-2026-From-in-US-1-690-6-Mn-2021-at-a-Healthy-3-9-CAGR-Fairfield-Market-Research.html

Vehicle Battery Market-https://www.globenewswire.com/en/news-release/2022/05/16/2444120/0/en/Vehicle-Battery-Market-Size-to-Exceed-US-43-3-Bn-by-2030-End-China-to-Remain-Global-Hub-Fairfield-Market-Research.html

Lithium Mining Market-https://www.globenewswire.com/en/news-release/2022/05/12/2442146/0/en/Global-Lithium-Mining-Market-Stood-at-US-829-73-Mn-in-2019-and-is-Expected-to-Reach-US-1-630-30-Mn-by-2025-Registering-a-CAGR-of-26-3-Fairfield-Market-Research.html

Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA +1 (844) 3829746 (Toll-free)
Email: sales@fairfieldmarketresearch.com
Web: https://www.fairfieldmarketresearch.com/
Follow Us: https://bit.ly/3voYIm9

About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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 Electric Vehicle (EV) Battery Market Regional Outlook, Development Trends, Key Manufacturers Analysis and Competitive Analysis by 2027 here

News-ID: 2677091 • Views:

More Releases from Fairfield Market Research

Battery Production Machine Market to Hit $57.8 Bn by 2032
Battery Production Machine Market to Hit $57.8 Bn by 2032
The global battery production machine market is experiencing significant growth, with market size expected to rise from US$ 16.3 Bn in 2025 to US$ 57.8 Bn by 2032, reflecting a CAGR of 19.8%. The increasing demand for advanced battery production equipment is being driven by the rapid expansion of electric mobility, government incentives, and breakthroughs in solid-state battery technology. Get a Sample PDF Brochure of the Report (Use Corporate Email ID
Chillers Market to Reach US$ 11.60 Billion by 2032
Chillers Market to Reach US$ 11.60 Billion by 2032
The global chillers market is set for significant growth, with projections estimating a market value of US$ 11.60 billion by 2032, expanding from US$ 8.75 billion in 2025. With a CAGR of 4.1% from 2025 to 2032, the market is driven by rising demand for energy-efficient, smart, and eco-friendly cooling solutions across multiple industries. Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.fairfieldmarketresearch.com/report/chillers-market/request-sample Market Insights • Increasing
Self-driving Cars Market to Hit $76.73 Bn by 2032, Driven by AI & 5G
Self-driving Cars Market to Hit $76.73 Bn by 2032, Driven by AI & 5G
The global self-driving cars market is expected to witness significant growth, reaching a market size of US$ 76.73 Bn by 2032, compared to US$ 32.81 Bn in 2025. The market is set to expand at a CAGR of 12.9% from 2025 to 2032, driven by advancements in artificial intelligence (AI), 5G connectivity, and sustainability initiatives. Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.fairfieldmarketresearch.com/report/self-driving-cars-market/request-sample Market
Wire and Cable Materials Market to Hit US$ 341.96 Mn by 2032 with 5.4% CAGR
Wire and Cable Materials Market to Hit US$ 341.96 Mn by 2032 with 5.4% CAGR
The global wire and cable materials market is set to experience robust growth, with projections indicating a rise from US$ 236.82 Mn in 2025 to US$ 341.96 Mn by 2032, reflecting a CAGR of 5.4%. Increasing investments in renewable energy, electric vehicles (EVs), smart grid infrastructure, and 5G connectivity are driving market expansion. Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.fairfieldmarketresearch.com/report/wire-cable-materials-market/request-sample Market Insights • North America

All 5 Releases


More Releases for Battery

Thin Film Micro Battery Market, By Rechargeability (Primary Battery, Secondary B …
The thin film micro battery market is expected to witness market growth at a rate of 30.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thin film micro battery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the Internet of Things (IoT)
Deep Cycle Gel Battery Market 2022 Analysis by Top Leading Players | Trojan Batt …
The Deep Cycle Gel Battery Market report offers qualitative and quantitative insights as well as a thorough examination of the market size and expansion rate of all potential market segments. The report has been put together using primary and secondary research methodologies, which offer an exact and detailed understanding of the Deep Cycle Gel Battery market. The Deep Cycle Gel Battery Market is projected to succeed at a CAGR of
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors. The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017 A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery