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Electric LCV Lithium-Ion Battery Market Set to Surge, Powering Sustainable Fleet Growth Worldwide
Electric Light Commercial Vehicle Lithium-Ion Battery Market
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Growth in trend of electric vehicles, need for effective electric grid management, and increase in requirement for battery monitoring in renewable energy systems drive the growth of the global market. However, lack of standardized regulations for developing lithium-ion battery management systems and high manufacturing & maintenance cost are expected to hamper the growth of the market. Contrarily, increase in adoption of battery-operated light commercial vehicles, government initiatives encouraging the use of electric vehicles and setting up of e-charging stations creates a favourable condition for the adoption of electric vehicles, which are anticipated to provide lucrative opportunity for the market growth.
The commercial segment is the second largest contributor to the carbon-emissions after the industrial segment and due to an increase in the prices of petrol and diesel, an indirect push toward the battery-operated vehicles has been experienced globally. Furthermore, several carbon-discharge controlling regulations regarding fuel-operated commercial vehicles such as national highway traffic safety administration (NHTSA) certification process have compelled manufacturers to take measures for reducing its fuel consumption significantly. For instance, NHTSA have conducted a workshop on the certification process for light commercial vehicle to comply with fuel-efficiency standards. With increase in number of government regulation & policies, there will be reduction in the emission of greenhouse gases and air pollutants. Therefore, the increase in adoption of battery-operated light commercial vehicles is anticipated to boost the growth for the electric light commercial vehicle lithium-ion battery management system market.
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By Battery Type
Lithium Nickel Cobalt Manganese Oxide battery (NMC)
Lithium Iron Phosphate battery (LFP)
Lithium Nickel Manganese Spinel battery (LNMO)
Lithium Nickel Cobalt Aluminium Oxide battery (NCA)
Lithium Manganese Oxide (LMO)
Lithium Cobalt oxide (LCO)
Key Market Players
Samsung SDI,
BYD Company Ltd.,
LG Chem Ltd.,
A123 Systems Llc,
Ecobalt Solutions,
Panasonic Corp,
Toshiba Corp,
GS Yuasa Corp,
Hitachi Chemical,
Tesla Inc
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Key benefits of the report:
This study presents the analytical depiction of the electric light commercial vehicle lithium-ion battery management system industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the electric light commercial vehicle lithium-ion battery management system market.
The current market is quantitatively analyzed from 2019 to 2027 to highlight the electric light commercial vehicle lithium-ion battery management system market growth scenario.
We can also determine lithium-ion battery management system will remain a significant revenue shareholder in the global electric light commercial vehicle lithium-ion battery management system market through the predictable future.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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