The well-known market players in the electric vehicles battery market are listed as Automotive Energy Supply Corporation (Japan), Panasonic Corporation (Japan), BYD Company Limited (China), LG Chem Ltd (South Korea), Quallion (US), Boston-Power (US), Johnson Controls International (US), Narada Power Source (China), GS Yuasa Corporation (Japan), Tianneng Power International (China), Crown Battery Corporation (US), and Hitachi Chemical Company (Japan).
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The study enlists some significant factors that are affecting the market’s growth during its growth time. Technological Advancements to Set Electric Vehicles Trend at a Stellar CAGR by 2023. Reduced Fuel Prices to Motivate Electric Vehicles Battery Market during the Forecast Period.
Market Drivers & Trends:
Integration of technological advancements in the automotive industry has bolstered the market for electric vehicle battery on achieving a higher valuation. The higher adoption of these vehicles has also emerged as one of the significant subsequent factors behind the market’s growth since the past years, which is anticipated to continue in the coming years by gaining more valuation.
The demand for electric vehicles, mainly in developed countries, have increased considerably due to lessening of fuel emission rate which is adversely impacting the environment. Apart from these, the increasing fuel prices, manufacture of battery in concern with production of electric vehicles, expansion of automotive expansion and government initiative over environmental issues are spurring electric vehicle battery sales. Over a couple of years, the automotive industry has gone major transformation, and the introduction of electric vehicles is one of them. The highest demand and sale of electric vehicles have been observed in the regions of North America, Asia Pacific, and Europe due to active initiatives for environmental issues.
Therefore, the incessant rise in the sales of electric vehicles has surged the need for its battery. On the flip side, the factors such as high prices of the electric vehicle and its battery along with underdeveloped market and its services are to pose as hinder to the market growth over the forecast period.
For the purpose of the market’s in-depth study, the global electric vehicles battery market has been split into elements such as battery type, vehicle technology, and end market.
In terms of battery type, the market has included various other elements such as lithium-ion battery, lead-acid battery, nickel hydride battery and many more. Among these, the lithium-ion battery is anticipated to lead the market after nickel hydride battery and lead-acid battery.
In terms of vehicle technology, the market includes battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles, and many others. Among these, the battery electric vehicles can lead the market after hybrid electric vehicles.
In terms of end market, the market includes the OEMs and aftermarket.
Detailed analysis of the global electric vehicle battery market based on regions such as North America, Europe, Asia Pacific, and Rest of the World.
The Asia Pacific is the market frontrunner, while North America also leading quietly comfortably. Moreover, Europe is in line with the high demand for electric vehicle battery sale. The Asia Pacific region is drawing support to have largest market share in developing regions such as China, South Korea, Japan and India that are the primary market for electric vehicles.
Europe and North America are the second as well as the third grossing regions respectively, with the supporting cause of environmental concerns. Growing demand for electric cars and growing awareness of eco-friendly vehicles have been the major growth drivers. Europe has been witnessing in the sales of electric vehicles, which directly augmented the battery sale and became the fastest growing economy in the global market for electric vehicle battery
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF SUPPLIERS
3.1.3 BARGAINING POWER OF BUYERS
3.1.34 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY BATTERY TYPE
5.2 LITHIUM ION BATTERY
5.2.1 MARKET ESTIMATES & FORECAST, 2017-2023
5.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
5.3 LEAD ACID BATTERY
5.3.1 MARKET ESTIMATES & FORECAST, 2017-2023
5.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
5.4 NICKEL HYDRIDE BATTERY
5.4.1 MARKET ESTIMATES & FORECAST, 2017-2023
5.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
5.5.1 MARKET ESTIMATES & FORECAST, 2017-2023
5.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
6 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY VEHICLE TECHNOLOGY
6.2 BATTERY ELECTRIC VEHICLES
6.2.1 MARKET ESTIMATES & FORECAST, 2017-2023
6.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
6.3 HYBRID ELECTRIC VEHICLES
6.3.1 MARKET ESTIMATES & FORECAST, 2017-2023
6.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
6.4 PLUG-IN HYBRID ELECTRIC VEHICLES
6.4.1 MARKET ESTIMATES & FORECAST, 2017-2023
6.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
6.5.1 MARKET ESTIMATES & FORECAST, 2017-2023
6.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
7 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY END MARKET
7.2.1 MARKET ESTIMATES & FORECAST, 2017-2023
7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
7.3.1 MARKET ESTIMATES & FORECAST, 2017-2023
7.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2017-2023
8 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY REGION
LIST OF TABLES:
TABLE 1 GLOBAL ELECTRIC VEHICLES BATTERY MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA ELECTRIC VEHICLES BATTERY MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE ELECTRIC VEHICLES BATTERY MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC ELECTRIC VEHICLES BATTERY MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW ELECTRIC VEHICLES BATTERY MARKET: BY COUNTRY, 2017-2023
TABLE 6 GLOBAL ELECTRIC VEHICLES BATTERY MARKET, BY BATTERY TYPE, BY REGIONS, 2017-2023
TABLE 7 NORTH AMERICA ELECTRIC VEHICLES BATTERY MARKET, BY BATTERY TYPE, BY COUNTRY, 2017-2023
TABLE 8 EUROPE ELECTRIC VEHICLES BATTERY MARKET, BY BATTERY TYPE, BY COUNTRY, 2017-2023
TABLE 9 ASIA PACIFIC ELECTRIC VEHICLES BATTERY MARKET BY BATTERY TYPE, BY COUNTRY, 2017-2023
TABLE 10 ROW ELECTRIC VEHICLES BATTERY MARKET BY BATTERY TYPE, BY COUNTRY, 2017-2023
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
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