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Electric Vehicle (Ev) Battery Market
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Electric Vehicle (Ev) Battery Market

The global electric vehicle (EV) battery market was valued at USD 91 Billion in 2020 and it is projected to reach USD 900 Billion by the end of 2031, registering a CAGR of 25% during the forecast period 2021-2031.Newly published findings by Fact.MR- a market research and competitive intelligence provider- establishes that the global market for electric vehicle batteries exhibited robust Y-o-Y expansion of 14% in 2019, with sales being valued closed to US$ 91 Bn.

The Electric Vehicle (EV) Battery Market Research Study provides an in-depth analysis of its composition and forecasts for major automotive market segments. There is also a comprehensive profile of important importers and producers impacting the automotive industry. Various key variables have been considered in the study to help readers better understand the automotive sector.

Download a sample copy of this report:–https://www.factmr.com/connectus/sample?flag=S&rep_id=3587?PJ 

This report includes all the market shares and business plans of the key market players. Competition in the global electric vehicle (EV) battery market based on key manufacturers, trends, opportunities, marketing strategy analysis, market effect factor analysis, and consumer needs, considering the past, current, and future status of the industry Investigate the situation. .

The study also considers classification, engagement, application, and market trends in addition to key growth factors. The study also analyzes the potential and obstacles in the electric vehicle (EV) battery market and focuses on developing trends. His in-depth analysis of CAGR and market size by our experts aims to provide an accurate picture of the market.

The report is based on 2021 and the forecast period for this study is 2021-2031. Recent developments and competitive landscape are covered in this report, which is more detailed than other reports and helps you stay competitive.

Market players: –

  • Bayern Motor Works AG

  • Daimler AG

  • ford motor company

  • general motors

  • Honda motor industry stock company

  • Mitsubishi Heavy Industries, Ltd

  • Nissan Motor Co., Ltd

  • Renault SA

  • Tesla Motors Inc.

  • Toyota Motor Corporation

  • Volkswagen AG, Toshiba Corporation

  • Delphi Automotive LLC (Aptiv)

  • Samsung SDI Co., Ltd.

Main segments covered

  • power supply

  • Electric vehicle battery

  • In-vehicle generator Electric vehicle battery

  • Power train

  • Series hybrid electric vehicle battery

  • Parallel hybrid electric vehicle battery

  • Batteries for composite hybrid electric vehicles

  • vehicle type

  •  passenger car

  • commercial vehicle

  • motorcycle

  • Others (golf carts, etc.)

How are Surging E-mobility Trends Expected to Widen EV Battery Sales?

With increased sales of electric vehicles, the e-mobility trend is likely to gain traction over the projection period. The continuing implementation of integrated charging stations, as well as the construction of green power-generation capabilities, would add to the market’s growth potential.

Strategic alliances between e-mobility providers, battery makers, and energy suppliers are another trend that is predicted to promote sales of electric vehicle batteries. At the same time, automakers are pushing technology advancements to ensure that their electric vehicles have robust propulsion.

Regional analysis includes

  • North America (USA, Canada)

  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)

  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Republic, etc.), Rest of Europe

  • CIS & Russia

  • Japan

  • Asia Pacific Excluding Japan (Greater China, India, Korea, ASEAN Countries, Rest of APEJ)

competitive environment

Over the next few years, manufacturers in the electric vehicle battery industry will primarily focus on strategic acquisitions, collaborations, and product introductions.

  • In May 2019, Panasonic Corporation announced the launch of India’s first smart EV charging service, ‘Nymbus’. This new service combines various physical components such as charging stations and telematics systems with virtual components such as AI, cloud services and analytics to provide a one-stop solution.

  • Hitachi High-Tech expects demand for used lithium-ion batteries to grow as more people switch to electric vehicles.  The annual global market for battery testing is expected to reach ¥500 billion  ($4.8 billion) to ¥1 trillion by 2030, according to Business.