Market Research Report
Germany Electric Vehicle Battery Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||947870|
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|Germany Electric Vehicle Battery Market 2019-2025|
|Published: April 3, 2020||Content info:||
Germany Electric Vehicle Battery Market Size, Share & Trends Analysis Report by Battery Type (NiMH, Li-ion, Other), By Vehicle Type (Commercial Vehicle, Passenger Cars, Two-Wheeler) by Propulsion Technology (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle) and Forecast 2019-2025
Germany electric vehicle battery market is anticipated to showcase a double-digit growth rate during the forecast period. Cohesive government initiatives, presence of well-established automobile manufacturing industry, and rising electric vehicle sales are the major factors that are making significant contribution towards the growth in the electric vehicle batteries market share. To accelerate large-scale battery production in Germany, in June 2019, the German government provided $1.0 billion fund to German companies and an additional $540 million to support research into both existing and next-generation electric vehicle batteries.
The market is segmented on the basis of battery type vehicle type, and propulsion technology. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on the battery type Li-ion batteries market is anticipated to exhibit considerable growth due to its light-weight characteristic. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle. Based on the propulsion type, plug-in hybrid vehicles are anticipated to have considerable market growth during the forecast period.
Contemporary Amperex Technology Co., Ltd., BMZ Batterien-Montage-Zentrum GmbH, Liacon GmbH, and Hankook AtlasBX Co., Ltd. among others are the key electric vehicle battery manufacturers operating in the country's electric vehicle battery market. These players are actively involved in the expansion of their market share by adopting several growth strategies such as launch of new battery manufacturing plants or entering into partnership with the major electric vehicle manufacturer operating in the country. For instance, in February 2020, German chemical giant BASF is aiming to construct a new battery materials production site in Schwarzheide, near Dresden. The construction of electric vehicle battery plant by company is under its investment plan to take part in the European electric vehicle value chain.
The market study of the Germany electric vehicle battery market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: