Electric Vehicle Batteries Market Growth, Industry Analysis, Sales And Revenue Status, Segmentation Analysis Report 2023 - 2032 | Panasonic Corporation, Mitsubishi Motors Corporation, Beijing Pride New Energy Battery Technology Co. Ltd
As per the electric vehicles batteries market report by The Business Research Company, Advances in electric vehicles (EV) batteries and their associated technologies are attracting the interests of individuals to purchase EVs, contributing to the growth of the EV batteries. Recent advancements such as lithium-ion batteries, fast charging, and better mileage have helped the electric cars become more passenger-friendly.
The global EV batteries market will grow from $25.43 billion in 2022 to $27.24 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global EV batteries market is expected to grow to $35.54 billion in 2027 at a compound annual growth rate (CAGR) of 6.9%.
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Major competitors in the electric vehicles batteries market include Panasonic Corporation, Mitsubishi Motors Corporation, Beijing Pride New Energy Battery Technology Co. Ltd., Automotive Energy Supply Corporation, BYD Company Ltd., Daimler AG, Robert Bosch GmbH, SAMSUNG SDI Co., Tianneng Power International Co. Ltd., and Johnson Controls.
The electric vehicles batteries market is segmented -
• By Battery Type: Lithium-Ion, Lead-Acid, Nickel-Metal Hydride, Sodium-Ion, Other Battery Types
• By Vehicle Type: Passenger Vehicles, Commercial Vehicles
• By Propulsion: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV). Asia-Pacific was the largest region in the electric vehicles batteries market.
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Electric vehicle batteries are defined as batteries that are used to power electronic vehicles and are rechargeable in nature. These batteries support the clean energy initiative as they don't emit any harmful gases which cause damage to the environment.
The Table Of Content For The Electric vehicles batteries Market Include:
1. Executive Summary
2. Electric Vehicle Batteries Market Characteristics
3. Electric Vehicle Batteries Market Trends And Strategies
4. Electric Vehicle Batteries Market - Macro Economic Scenario
5. Electric Vehicle Batteries Market Size And Growth
27. Electric Vehicle Batteries Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Vehicle Batteries Market
29. Electric Vehicle Batteries Market Future Outlook and Potential Analysis
The "Global Electric Vehicles Batteries Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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