Press release
Electric Vehicle (EV) Battery Cells Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032
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A significant factor driving the growth of the EV battery cell market is the surging demand for EVs. For instance, the electric car market is experiencing rapid expansion, with sales surpassing 10 million in 2022. EVs accounted for 14.0% of all new car purchases in 2022, a significant increase from approximately 9.0% in 2021 and less than 5.0% in 2020. This upsurge can be attributed to several converging trends. The growing societal and consumer awareness regarding the detrimental effects of fossil fuels on air quality has driven a shift towards cleaner transportation alternatives, with EVs emerging as a frontrunner. Active implementation of government policies that incentivize EV purchases further aiding to the market demand. For instance, In Korea, the government incentivizes EV adoption by offering higher subsidies for vehicles with longer fully electric ranges. While the maximum incentives for passenger cars decreased slightly from KRW 7 million ($ 5,400) to KRW 6.8 million ($ 5,300) in 2023, consumers can still take advantage of additional local subsidies.
full report of Electric Vehicle (EV) Battery Cells Market available @ https://www.omrglobal.com/industry-reports/ev-battery-cells-market
Market Coverage
Market number available for - 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Market Segmentation
Global EV Battery Cells by Type
Lithium-Ion Battery Cells
NI-MH Battery Cells
Other (Solid-state batteries, Sodium-ion batteries, Redox flow batteries)
Global EV Battery Cells by Application
PHEVs (Plug-in Hybrid Vehicles)
HEVs (Hybrid Electric Vehicles)
BEVs (Battery Electric Vehicles)
Company Profiles
AESC Group
Amara Raja Energy & Mobility Limited.
American Battery Solutions Inc.
EXIDE INDUSTRIES LTD.
Farasis Energy Europe GmbH
Shanghai Electric
Sunwoda Electronic Co., Ltd
SVOLT Energy Technology (Europe) GmbH (Baoding Great Wall Holding)
The Report Covers
Market value data analysis of 2023and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global EV battery cells based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/ev-battery-cells-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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