Global Electric Vehicle Battery Market: Industry Analysis and Forecast (2021-2027)

  

Electric Vehicle Battery Market was worth US$ 171.26 Bn in 2020 and total revenue is expected to grow at a rate of 27.19 % CAGR from 2021 to 2027, reaching almost US$ 725.14 Bn in 2027.

Electric Vehicle Battery Market Overview:

The Electric Vehicle Battery     Market research assesses the market's key characteristics based on an examination of many variables including supply, demand, feasibility, and current trends. The Electric Vehicle Battery     Market research also includes projections for the years 2022 through 2027. The Electric Vehicle Battery      report estimates and forecasts potential growth in the global Electric Vehicle Battery       market at each point in time-based on statistical data and thorough research that reflects qualitative as well as quantitative values of major factors such as historical, current, and future trends. The study also discusses the dynamics that are significant for the present Electric Vehicle Battery       market as well as the worldwide market's future position. The research also includes a complete analysis of business execution, market share, and cost analysis data respectively.

Our team is working on the COVID 19 impact on various industry verticals and provide authenticate data to the client this data is helpful for understanding the market situation. To understand the influence and factors of the COVID 19 on the global Electric Vehicle Battery     market with our expert monitoring which explains all the impacting factors and COVID impact on each key player are explained in the report.

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Electric Vehicle Battery    Market Scope:

All market dynamics are covered in our report. The factors positive factors, restraints, opportunities, and challenges are those points that are explained in detail in the report and all the data are collected from press releases documents, and annual reports. The research aims to suggest a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The analysis of market share and comparison of the top players mentioned in the report enables readers to take additional steps in the expansion or improvement of their organization.

 

Attributes	Details
Study Period	2017-2027
Base Year	2021
Unit	Value (USD Million)
CAGR	%

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Electric Vehicle Battery    Market Segmentation:

Based on Battery Type, the market is sub-segmented into Lead Acid Battery, Nickel Metal Hydride Battery, Lithium ion Battery. The lithium-ion sector had the largest market share. Lithium-ion batteries are employed in situations where light weight and great energy density are required. Because of their high energy density per weight, these batteries are frequently employed in automotive applications, including electric and hybrid vehicles. The availability of adequate EV charging infrastructure is critical for the adoption of e-mobility and speaks well for lithium-ion battery sales growth.

Based on Vehicle Type, the market is divided into Passenger Vehicle, Commercial Vehicle. The high adoption rate of EVs in China, the passenger car category is likely to lead the EV battery market in Asia Pacific. In 2019, the area alone proposed using 61 percent of all cobalt used globally in EV batteries, up over 50% from 2018. (Source: USGS National Minerals Information Center). This increase is due to Chinese cell vendors switching from lithium to cobalt-bearing NCM cathodes. Panasonic, a key battery supplier to OEMs such as Tesla and Toyota, has deployed more lithium batteries globally in 2019 than all of its competitors combined. CATL increased its lithium battery deployment to 4,800 tons in 2019 compared to the previous year.. CATL also successfully completed and passed all safety tests on its liquid cooling battery energy storage system (BESS) based on lithium iron phosphate (LFP) in 2020.

Key Players:

• Tesla Inc.
• BYD Company Limited
• Volkswagen AG
• General Motors
• Samsung SDI
• Automotive Energy Supply Corporation
• LG Chem.
• Panasonic Corporation
• GS Yuasa International
• AESC
• Mitsubishi
• Wanxiang
• Beijing Pride Power
• Tianneng
• SB LiMotive
• Quallion

Regional Trends:

In regions, we have to cover main 5 regions and they are North America (United States, Canada), Europe (Germany, France, Italy, United Kingdom, Netherlands, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific) MEA (Middle East, Africa) South America (Brazil, Argentina, Rest of South America).

We have given the forecasted data and information as per the customer demand. This section of our report presents a realistic picture of the Global Electric Vehicle Battery          industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest.

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