Press release
Battery Market Projected To Garner Significant Revenues By 2031 - TMR Study
All electric cars (EVs) have an electric motor instead of an internal combustion engine, which propels the vehicle. This motor is driven by a large traction battery pack. Moreover, in an electric drive vehicle, the auxiliary batteries are provided to power the vehicle accessories such as AC, computer controls, and audio systems.
Get report details-https://www.transparencymarketresearch.com/electric-car-battery-market.html
Key Drivers of Battery Market for Electric Car
The new generation of consumers of vehicles is highly aware of the ill-effects of emissions from conventional I.C engine vehicles and also the soaring prices of fossil fuels. These factors have transformed the customer demands and preference for transportation, leading to the emergence of cleaner and economical electric vehicles. Moreover, stringent emission norms have forced numerous automakers to electrify their vehicle models at certain levels so that the fuel consumption and tail pipe emissions reduce significantly. This has led automakers to launch newer BEV and PHEV models. Thus, rising awareness about transport emissions has boosted the global battery market for electric car.
Grab an Exclusive PDF Brochure for Industrial Insights and business Intelligence -
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=42218
Governments of various countries are increasingly promoting the adoption of electric vehicles by providing monetary or non-monetary benefits to customers, making vehicle emission norms more stringent, and devising promotional policies. Countries such as the U.S., Germany, U.K, France, India, China, and many others have announced subsidies for electric cars. These monetary benefits, in terms of subsidies and tax relaxations, are driving the sale of electric vehicles and consequently, propelling the battery market for electric cars across globe.
Challenges in Battery Market for Electric Car
Underdeveloped charging infrastructure for electric cars is restraining the adoption of electric vehicles. Additionally, the electric vehicle battery technology has not attained maturity and hence, there are problems such as overheating, limited power storage, and weight issues. These factors are hampering the battery market for electric cars.
Delivering excellent customer service, Enquiry before Buying -
https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=42218
Impact of COVID-19 pandemic on Battery Market for Electric Car
The COVID-19 pandemic disrupted automotive supply chains, thus creating a shortage of raw materials and components. Several nations across the globe are presently facing the second wave of this pandemic, which is further hampering the automotive industry and the overall global economy. This disruption has negatively impacted the global battery market for electric car.
Asia Pacific to Hold Significant Share of Battery Market for Electric Car
Governments in Asia Pacific have strengthened their regulations related to emissions and are promoting electric cars. Governments are also investing in the development of guidelines and infrastructure for testing of electric vehicles. China is a rapidly emerging market for electric vehicles, overtaking the U.S. and major countries in Europe. The Government of China is developing a long-term plan to abandon vehicles powered by fossil fuels. These factors are driving the share held by Asia Pacific in the global battery market for electric car.
Custom Market Research Services, Request Customization -
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=42218
Key Players Operating in Battery Market for Electric Car
The global battery market for electric car is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the battery market for electric car are:
A123 Systems LLC
BYD Co., Ltd.
Chaowel Power Holdings Limited
Crown Battery
East Penn Manufacturing Company
EnerSys
Exide Industries Limited
Fengfan Co., Ltd.
Furukawa Electric Co. Ltd.
GS Yuasa Corporation
Haldex Incorporated
Hitachi, Ltd.
International Plc
Leoch International Tech
LG Chem. Manufacturing Company
MITSUBISHI HEAVY INDUSTRIES, LTD.
Panasonic Corporation
Saft
SAMSUNG SDI CO., LTD.
ZF Friedrichshafen AG
Related Reports:
Motorcycle Helmets Market -https://www.accesswire.com/711395/Motorcycle-Helmets-Market --to-Reach-US-46-Bn-by-2031-Focus-on-Rider-Safety-Propelling-Demand
Automotive Thermal System Market -https://www.accesswire.com/720801/Automotive-Thermal-System-Market --to-Reach-5038-Billion-by-2031-CAGR-279--TMR-Study
Automotive Battery Thermal Management System Market -https://www.einpresswire.com/article/577740589/automotive-battery-thermal-management-system-market-to-reach-valuation-of-us-4-bn-by-2027
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers Market Analysis Reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: 1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
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 Battery Market Projected To Garner Significant Revenues By 2031 - TMR Study here
News-ID: 2806592 • Views: …
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for Battery
America SLI Battery Market Segment, Trends and Forecast to 2026 | XS Power Batte …
Global Market Insights has launched a report on America SLI Battery Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
Global Market Insights, Inc. forecasts the America SLI Battery Market…
Golf Cart Battery Market | Axion Power, Samsung SDI, Dyno Battery, Smart Battery
Global Golf Cart Battery Market: Overview
The global market for golf cart batteries is expected to expand at a promising pace in the next few years, with the rising uptake of golf carts as practical transportation modes for elderly in places such as airports, crowded stations, and tourist locations globally expected to act as a key growth factor. The increased usage of golf carts other nonconventional application areas is also expected…
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…
