Electric Vehicle Battery Market - Opportunities Exhibited by Emerging Nations to Boost Growth
Growing concerns related to decreasing oil and gas resources and degrading environmental conditions are having positive impact on the demand for electric powered vehicles. Moreover, subsidies and incentives on usage of such vehicles is another factor driving the market for electric powered vehicles. These vehicles depend on electric batteries to provide the primary or the secondary power. Thus any impact on the demand for electric powered vehicles will affect the electric vehicle battery market. An electric powered vehicle or battery electric vehicle use chemical energy stored in rechargeable battery packs for power. As all the power is derived from batteries therefore, it does not require any combustion engine for propulsion. Battery Electric vehicles include scooters, rail cars, bicycle, forklifts, buses and cars. The advantages in battery storage technology have also positively affected the electric vehicle battery market.Obtain Report Details @ http://www.transparencymarketresearch.com/electric-vehicle-battery-market.html
The segmentation of the electric vehicle battery market can be done on the basis of technology, application and geography. Technology segment deals with the different types of batteries used for manufacturing of electric vehicle battery. Major battery types include lead acid batteries, nickel metal hydride batteries, zebra batteries and lithium ion batteries. Lead acid batteries are the most common and cheapest type of batteries. Nickel metal hydride batteries have higher energy densities than the common lead acid batteries and if used properly can have exceptionally long lives. The Zebra batteries use molten chloro-aluminate sodium as electrolyte. Lithium ion batteries use graphite anode and lithium cobalt oxide anode. These batteries are use to power the Battery Electric Vehicles, Hybrid Vehicles, Plug-in Hybrid Electric Vehicles and Plug-in Electric Vehicles.
Regional segmentation of the electric vehicle battery market includes countries such as the United States and Canada in North America; Germany, France, Sweden and the United Kingdom in Europe. The government incentives on usage of battery powered vehicles are one of the main reasons behind the growth of North American and European electric vehicle battery market. Other prominent market includes Asia Pacific and Middle East. Asia Pacific market includes the countries such as Japan, China and South Korea. Increasing concerns related to energy security and incentives on use of battery powered vehicles are the major factor driving the Asia Pacific market. The Rest of the World segment still lags behind in the electric vehicle battery market. The Rest of the World Market includes countries such as Brazil, Argentina and Venezuela.
Fill The Form For An Exclusive Sample Of This Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9073
Decreasing crude oil reserves and concerns regarding degradation of the environment are the major factors driving the electric vehicle battery market. With decreasing crude reserves the demand for economical transportation technologies has attracted investment in this market. The governments of many major countries have encouraged adoption hybrid vehicles that utilize the electric battery. Many national agencies have enforced rules and provide attractive concessions on purchasing hybrid cars. Stringent environmental regulations in the European Union nations have encouraged wide adoption of the battery powered vehicles. The fluctuating crude oil prices are another major factor bolstering consumers to adopt such batteries. Expensive nature of electric vehicle battery is one of the major restraints to the market.
Some of the major players in the electric vehicle battery market include companies such as SAMSUNG SDI CO. LTD., Quallion, Boston-Power, Inc. and LG Chem Power Inc.
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.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 Electric Vehicle Battery Market - Opportunities Exhibited by Emerging Nations to Boost Growth here
News-ID: 629259 • Views: …
More Releases from Transparency Market Research Technology
Vehicle Analytics Market to reach US$10,215.5 mn by 2025 | Key Companies are Agn …
Vehicle analytics can be categorized as solutions implemented on vehicles that helps to gain insights about the vehicles. Vehicle analytics’ application range from the farmers to large scale fleet operators as these help them with a number of benefits like increased safety, faster threat detection, vehicle tracking, and monitoring the driving behavior among others
The advancement in technologies and enhanced safety provided by vehicle analytics are expected to be major drivers…
System Integration Market - Segment which Held the Share of 28.2% of the Total A …
The global system integration market was valued at USD 191.36 billion in 2013 and is expected to reach USD 377.59 billion by 2020, growing at a CAGR of 10.9% during the forecast period from 2014 to 2020. In terms of revenue, North America was the largest regional market for system integration which accounted for 33.0% of the total system integration market in 2013. Asia Pacific is expected to be the…
mHealth Services Market - Global Industry Size, Share, Growth, Trends and Foreca …
mHealth, a fast growing technology-driven service, is expected to change the way health services are delivered worldwide. It involves delivery of healthcare related services to end-users by medium of mobile phones (smartphones). Rising incidences of chronic diseases have elevated the need for accessibility of quality and low cost healthcare services for the masses. The situation has been further aggravated by the declining ratio of healthcare service providers to target population.…
Enterprise Video Content Management Market : Recent Industry Developments and Gr …
A fresh commerce and business study by Transparency Market Research (TMR) has observed that as small and medium enterprises (SMEs) mushroom across the world, the vendors who are ahead of the curve in the global enterprise video content management market will continue to find vast new opportunities, especially when they are willing to expand into the emerging economies in Asia Pacific. For instance, about a year ago, Panopto partnered with…
More Releases for Electric
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Wireless Sensors Market Regional Outlook, Top Manufactures General Electric, Yok …
The Global Wireless Sensors Market is measurement tools equipped with transmitters that convert signals from instruments into radio transmission signals. Increasing interest of manufacturers in research and development of more efficient Wireless sensors are expected to drive the wireless sensors market. However, this market is highly competitive and price sensitive are hampering the growth of the market.
For More Info, Get Sample Report Here @ https://www.orianresearch.com/request-sample/1371276
What you can expect from…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…