Electric Vehicle Battery Market Size, Opportunities According to Verified Market Research, Market to grow with CAGR of 18.05% by 2027, Key Players: Panasonic Corporation, GS Yuasa International Ltd., Hitachi, Ltd.
Electric Vehicle Battery Market Size, Opportunities According to Verified Market Research, Market to grow with CAGR of 18.05% by 2027, Key Players: Panasonic Corporation, GS Yuasa International Ltd., Hitachi, Ltd.
Published by VLMS GLOBAL Consulting INC
Posted on September 27, 2021
An electric vehicle battery can be said to be a secondary energy source that utilizes the stored chemical energy. It is also called a traction battery that provides the driving force for electric and hybrid vehicles. Electric vehicle batteries are categorized as Ignition, Light, and Ignition Battery (SLI) because they are designed to provide continuous power. When the battery is connected to an electric motor, drives the wheels, and depresses the accelerator pedal, the motor immediately powers the engine and gradually consumes the energy stored in the battery. The electric motor also acts as a generator, so when the driver pulls the throttle, the forward motion is returned to electricity and the car begins to slow down.
Electric Vehicle Battery Market size was valued at USD 35.16 Billion in 2019 and is projected to reach USD 133.46 Billion by 2027, growing at a CAGR of 18.05% from 2020 to 2027.
Market research on electric vehicle batteries provides a detailed view of market development, market size and value overview, and popular trends. This study examines various factors in the demand for batteries for electric vehicles. This research report details many of the factors that have contributed to the growth of the electric vehicle battery market. It also includes a detailed analysis of international technological advances and developments in the market research of electric vehicle batteries. Electric vehicle battery analysis predicts accurate market share based on quantity, performance, and rating. Bottom-up and bottom-up techniques are used to predict and determine the size of the global market.
The research report on the electric vehicle battery market evaluates the global market for electric vehicle batteries and includes forecasts for sales and capacity for the expected period 2021-2028. The factors driving industry growth are highlighted in the report. The report categorizes the electric vehicle battery market into a wide range of categories such as shape, application, end-user, and technology for better understanding. These segments are carefully examined to provide a more detailed description of the global and regional markets. The report also focuses on key players in the industry, including product portfolio, company profile, strategic growth strategies, revenue generation, market size and market share, geographic presence, and market size. Development and manufacturing capacity.
Top Players Landscape and Profiling in Electric Vehicle Battery Market:
The major players in the market are Panasonic Corporation, GS Yuasa International Ltd., Hitachi, Ltd., Narada Power Source Co. Ltd., Byd company limited, SAMSUNG SDI CO., LTD., Contemporary Amperex Technology Co Ltd., LG Chem Ltd., Johnson Controls International PLC, and General Motors Company.
Market Segmentation: Electric Vehicle Battery Market
The Electric Vehicle Battery Market is segmented based on Type, Vehicle, and Geography.
Electric Vehicle Battery Market, By Type
• Lead-Acid Battery
• Lithium-ion Battery
Electric Vehicle Battery Market, By Vehicle
• Battery Electric Vehicle
• Plug-In Hybrid Electric Vehicle
• Hybrid Electric Vehicle
Electric Vehicle Battery Market Regional Assessment and Segment Diversification:
The Electric Vehicle Battery report contains market area information subdivided into subregions and countries/regions. In addition to national and subregion market share, this chapter of this report also contains information on profit opportunities. This chapter of the report describes the market share and growth rate of each region, country, and sub-region during the estimated period.
– North America (USA, Canada, Mexico) – Europe (Great Britain, France, Germany, Spain, Italy, Central and Eastern Europe, CIS) – Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific) – Latin America (Brazil, Rest of LA) – Middle East and Africa (Turkey, CCG, Rest of the Middle East)
Visualize Electric Vehicle Battery Market using Verified Market Intelligence:-
Verified Market Intelligence is our BI-enabled platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research® is a leading Global Research and Consulting firm that has been providing advanced analytical research solutions, custom consulting, and in-depth data analysis for 10+ years to individuals and companies alike that are looking for accurate, reliable, and up-to-date research data and technical consulting. We offer insights into strategic and growth analyses, Data necessary to achieve corporate goals and help make critical revenue decisions.
Our research studies help our clients make superior data-driven decisions, understand market forecasts, capitalize on future opportunities and optimize efficiency by working as their partners to deliver accurate and valuable information. The industries we cover span over a large spectrum including Technology, Chemicals, Manufacturing, Energy, Food and Beverages, Automotive, Robotics, Packaging, Construction, Mining & Gas. Etc.
We, at Verified Market Research, assist in understanding holistic market indicating factors and most current and future market trends. Our analysts, with their high expertise in data gathering and governance, utilize industry techniques to collate and examine data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject expertise, and years of collective experience to produce informative and accurate research.
Having serviced over 5000+ clients, we have provided reliable market research services to more than 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony, and Hitachi. We have co-consulted with some of the world’s leading consulting firms like McKinsey & Company, Boston Consulting Group, Bain and Company for custom research and consulting projects for businesses worldwide.
An electric vehicle battery can be said to be a secondary energy source that utilizes the stored chemical energy. It is also called a traction battery that provides the driving force for electric and hybrid vehicles. Electric vehicle batteries are categorized as Ignition, Light, and Ignition Battery (SLI) because they are designed to provide continuous power. When the battery is connected to an electric motor, drives the wheels, and depresses the accelerator pedal, the motor immediately powers the engine and gradually consumes the energy stored in the battery. The electric motor also acts as a generator, so when the driver pulls the throttle, the forward motion is returned to electricity and the car begins to slow down.
Electric Vehicle Battery Market size was valued at USD 35.16 Billion in 2019 and is projected to reach USD 133.46 Billion by 2027, growing at a CAGR of 18.05% from 2020 to 2027.
Market research on electric vehicle batteries provides a detailed view of market development, market size and value overview, and popular trends. This study examines various factors in the demand for batteries for electric vehicles. This research report details many of the factors that have contributed to the growth of the electric vehicle battery market. It also includes a detailed analysis of international technological advances and developments in the market research of electric vehicle batteries. Electric vehicle battery analysis predicts accurate market share based on quantity, performance, and rating. Bottom-up and bottom-up techniques are used to predict and determine the size of the global market.
The research report on the electric vehicle battery market evaluates the global market for electric vehicle batteries and includes forecasts for sales and capacity for the expected period 2021-2028. The factors driving industry growth are highlighted in the report. The report categorizes the electric vehicle battery market into a wide range of categories such as shape, application, end-user, and technology for better understanding. These segments are carefully examined to provide a more detailed description of the global and regional markets. The report also focuses on key players in the industry, including product portfolio, company profile, strategic growth strategies, revenue generation, market size and market share, geographic presence, and market size. Development and manufacturing capacity.
Top Players Landscape and Profiling in Electric Vehicle Battery Market:
The major players in the market are Panasonic Corporation, GS Yuasa International Ltd., Hitachi, Ltd., Narada Power Source Co. Ltd., Byd company limited, SAMSUNG SDI CO., LTD., Contemporary Amperex Technology Co Ltd., LG Chem Ltd., Johnson Controls International PLC, and General Motors Company.
Market Segmentation: Electric Vehicle Battery Market
The Electric Vehicle Battery Market is segmented based on Type, Vehicle, and Geography.
Electric Vehicle Battery Market, By Type
• Lead-Acid Battery • Lithium-ion Battery
Electric Vehicle Battery Market, By Vehicle
• Battery Electric Vehicle • Plug-In Hybrid Electric Vehicle • Hybrid Electric Vehicle
Electric Vehicle Battery Market Regional Assessment and Segment Diversification:
The Electric Vehicle Battery report contains market area information subdivided into subregions and countries/regions. In addition to national and subregion market share, this chapter of this report also contains information on profit opportunities. This chapter of the report describes the market share and growth rate of each region, country, and sub-region during the estimated period.
– North America (USA, Canada, Mexico) – Europe (Great Britain, France, Germany, Spain, Italy, Central and Eastern Europe, CIS) – Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific) – Latin America (Brazil, Rest of LA) – Middle East and Africa (Turkey, CCG, Rest of the Middle East)
Visualize Electric Vehicle Battery Market using Verified Market Intelligence:-
Verified Market Intelligence is our BI-enabled platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research® is a leading Global Research and Consulting firm that has been providing advanced analytical research solutions, custom consulting, and in-depth data analysis for 10+ years to individuals and companies alike that are looking for accurate, reliable, and up-to-date research data and technical consulting. We offer insights into strategic and growth analyses, Data necessary to achieve corporate goals and help make critical revenue decisions.
Our research studies help our clients make superior data-driven decisions, understand market forecasts, capitalize on future opportunities and optimize efficiency by working as their partners to deliver accurate and valuable information. The industries we cover span over a large spectrum including Technology, Chemicals, Manufacturing, Energy, Food and Beverages, Automotive, Robotics, Packaging, Construction, Mining & Gas. Etc.
We, at Verified Market Research, assist in understanding holistic market indicating factors and most current and future market trends. Our analysts, with their high expertise in data gathering and governance, utilize industry techniques to collate and examine data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject expertise, and years of collective experience to produce informative and accurate research.
Having serviced over 5000+ clients, we have provided reliable market research services to more than 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony, and Hitachi. We have co-consulted with some of the world’s leading consulting firms like McKinsey & Company, Boston Consulting Group, Bain and Company for custom research and consulting projects for businesses worldwide.
