Electric Vehicle Battery Market Showing Impressive Growth Due to rising concerns over the environmental impact of greenhouse gas emissions - CATL, Panasonic, LG Chem, Byd, Samsung SDI

New York, Global Electric Vehicle Battery Market report from Global Insight Services is the single authoritative source of intelligence on Electric Vehicle Battery Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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An electric vehicle battery is a battery used to power an electric vehicle. Electric vehicle batteries are typically lithium-ion batteries, similar to those used in laptop computers and cell phones.

Electric vehicle batteries have a number of advantages over traditional gasoline-powered vehicle batteries. They are much cleaner, with no emissions of harmful pollutants. They are also much more efficient, converting up to 80% of the energy in the battery into power for the vehicle, compared to only 20% for a gasoline engine.

Key Trends

The key trends in electric vehicle battery technology are:

1. Increasing the energy density of batteries: The energy density of batteries is an important factor in determining the range of electric vehicles. Increasing the energy density of batteries will allow electric vehicles to travel further on a single charge.

2. Improving the safety of batteries: The safety of batteries is another important factor to consider when using them in electric vehicles. Improving the safety of batteries will help to prevent fires and explosions.

3. Reducing the cost of batteries: The cost of batteries is one of the main barriers to the widespread adoption of electric vehicles. Reducing the cost of batteries will make electric vehicles more affordable for consumers.

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Key Drivers

The key drivers of the electric vehicle battery market are the rising concerns over the environmental impact of greenhouse gas emissions, the increasing cost-competitiveness of electric vehicles compared to gasoline-powered vehicles, and the continued improvement in electric vehicle technology.

The cost of electric vehicles has been falling rapidly in recent years, due in part to advances in battery technology.

The continued improvement in electric vehicle technology is also driving the market for electric vehicle batteries. Electric vehicles have a number of advantages over gasoline-powered vehicles, including lower emissions, lower operating costs, and quieter operation.

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Market Segments

The electric vehicle battery market is segmented by type, propulsion, form, and region. By type, the market is classified into lead-acid, lithium-ion, solid-state, and others. Based on propulsion, it is bifurcated into BEV, HEV, and others. On the basis of form, it is divided into prismatic, cylindrical, and pouch. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.

Key Players

The global electric vehicle battery market includes players such as CATL, Panasonic, LG Chem, Byd, Samsung SDI, Exide Industries Ltd., Aptiv Plc, Clarios, Northvolt AB, Leclanche SA, and others.

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