PUBLISHER: Lucintel | PRODUCT CODE: 1416357
PUBLISHER: Lucintel | PRODUCT CODE: 1416357
High Voltage Battery Trends and Forecast
The future of the global high voltage battery market looks promising with opportunities in the bus, passenger car, truck markets. The global high voltage battery market is expected to reach an estimated $81.8 billion by 2030 with a CAGR of 23.5% from 2024 to 2030. The major drivers for this market are rapid expansion of smart cities projects and rising popularity for e-mobility.
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High Voltage Battery by Segment
The study includes a forecast for the global high voltage battery by driving range, battery type, vehicle type, and region.
High Voltage Battery Market by Driving Range [Shipment Analysis by Value from 2018 to 2030]:
High Voltage Battery Market by Battery Type [Shipment Analysis by Value from 2018 to 2030]:
High Voltage Battery Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
High Voltage Battery Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of High Voltage Battery Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high voltage battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high voltage battery companies profiled in this report include-
High Voltage Battery Market Insights
Lucintel forecasts that > 550 miles is expected to witness the highest growth over the forecast period.
Within this market, bus will remain the largest segment due to rising preference for battery based electric buses in various cities for public transportation.
APAC is expected to witness highest growth over the forecast period due to rapid expansion of EV sector and presence of key battery manufacturer in the region.
Features of the Global High Voltage Battery Market
Market Size Estimates: High voltage battery market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: High voltage battery market size by driving range, battery type, vehicle type, and region in terms of value ($B).
Regional Analysis: High voltage battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different driving ranges, battery types, vehicle types, and regions for the high voltage battery market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high voltage battery market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the high voltage battery market size?
Answer: The global high voltage battery market is expected to reach an estimated $81.8 billion by 2030.
Q2. What is the growth forecast for high voltage battery market?
Answer: The global high voltage battery market is expected to grow with a CAGR of 23.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the high voltage battery market?
Answer: The major drivers for this market are rapid expansion of smart cities projects and rising popularity for e-mobility.
Q4. What are the major segments for high voltage battery market?
Answer: The future of the high voltage battery market looks promising with opportunities in the bus, passenger car, truck markets.
Q5. Who are the key high voltage battery market companies?
Answer: Some of the key high voltage battery companies are as follows:
Q6. Which high voltage battery market segment will be the largest in future?
Answer: Lucintel forecasts that > 550 miles is expected to witness the highest growth over the forecast period.
Q7. In high voltage battery market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid expansion of EV sector and presence of key battery manufacturer in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.