Market Research Report
Electric Vehicle Battery Market by Propulsion Type, Battery Type, and Vehicle Type - Global Opportunity Analysis and Industry Forecast, 2017-2025
|Published by||Allied Market Research||Product code||660975|
|Published||Content info||245 Pages
Delivery time: 2-3 business days
|Electric Vehicle Battery Market by Propulsion Type, Battery Type, and Vehicle Type - Global Opportunity Analysis and Industry Forecast, 2017-2025|
|Published: June 1, 2018||Content info: 245 Pages||
Electric Vehicle Battery Market by Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle), Battery Type (Lead Acid Battery, Nickel Metal Hydride Battery, and Lithium ion Battery), and Vehicle Type (Passenger Car, Commercial Vehicle, and Two Wheeler) - Global Opportunity Analysis and Industry Forecast, 2017-2025 .
An electric vehicle battery, also known as a traction battery, is utilized to power electric vehicles for propulsion.
The global electric vehicle battery market has registered a significant growth corresponding to the increase in public charging infrastructure. The Electric Vehicle Charging Association reported more than 50,000 charge points (public and private) in operation in the U.S. in 2017, up from 45,000 the year before. The increasing growth rate of charging infrastructure across the globe offers growth opportunities for the EV battery market.
The Asia-Pacific region is expected to register substantial growth owing to government incentives encouraging usage of battery powered vehicles and an increase in concerns associated with energy security in the region. The high cost of electric vehicle batteries serves as the major restraint to the market growth. However, a surge in demand of these batteries in emerging economies, such as China and development of new enhanced battery recycling processes are factors expected to provide potential growth opportunities for market expansion.
The global electric vehicle battery market is segmented based on vehicle propulsion type, battery type, vehicle type, and region. On the basis of vehicle propulsion, the market is divided into battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV). The market is categorized based on battery type into Lead-acid, Nickel metal Hydride, or Lithium-ion. The vehicle type segments are passenger car and commercial vehicle. The various regions for the market are North America, Europe, Asia-Pacific, and Latin America Middle East and Africa (LAMEA).
The key global market players profiled in the report include Panasonic, AESC, BYD, Mitsubishi, LG Chem, Samsung, Wanxiang, Beijing Pride Power, Tianneng, and SB LiMotive.
These players focus on vital market strategies, such as mergers, acquisitions, collaborations, and partnerships, to strengthen their market reach; thereby, retaining their position in the competitive market.
BY PROPULSION TYPE
BY BATTERY TYPE
BY VEHICLE TYPE