Global Electric Vehicle (EV) Battery Market Size was Valued at $23 Billion in 2017 and is Projected to Reach $84 Billion by 2025, Growing at a CAGR of 17.2% - Valuates Reports - Seite 2

High-energy density, storage power for charging, and low maintenance are some of the advantages that have driven Li-ion's development as battery technology. Automotive manufacturers that introduce BEVs and PHEVs to the EV battery market are further expanding the technology and are expected to offer Li-ion energy solutions as their vehicles' primary power source.

TRENDS INFLUENCING THE GLOBAL ELECTRIC VEHICLE MARKET SHARE 

• Increasing concern about the adverse effects of climate change as well as troubling levels of pollution in major cities
• Raising support provided by the various governmental agencies

ELECTRIC VEHICLE BATTERY MARKET SEGMENTATION

The global electric vehicle battery market is segmented based on vehicle propulsion type, battery type, vehicle type, and region. On the basis of vehicle propulsion, the market is divided into battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV). The various battery types are Lead-acid, Nickel metal Hydride, and Lithium-ion. Passenger car and commercial vehicle are the two vehicle types. Based on region, the global electric vehicle battery market is analyzed across North America, Europe, Asia-Pacific, and Latin America Middle East and Africa (LAMEA).

TOP IMPACTING FACTORS

The soaring demand for zero-emission vehicles, advancing evolution of Lithium-ion technology, and rising government regulations on emission control systems are the significant factors that affect the growth of the global electric vehicle battery market. These factors are anticipated to either drive or hamper the market growth.

PRODUCTION OF LOWER COST BATTERIES

Automobile companies focus on the production of advanced electric vehicle battery systems that are expected to have lower emission at relatively lower costs as compared to heavier and larger engines. Compactness and cost-effectiveness are other useful features of this battery Thus, development of technological advancement in the electric vehicle battery system presents various opportunities for leading players in the future.

KEY BENEFITS FOR ELECTRIC VEHICLE BATTERY MARKET:

• This study comprises an analytical depiction of the global electric vehicle battery market with current trends and future estimations to depict the imminent investment pockets.
• The overall market potential is determined to understand the lucrative trends to gain a stronger foothold in the electric vehicle battery industry.
• The report includes information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the global electric vehicle battery market.
• Porter's Five Forces analysis illustrates the potency of the buyers and suppliers in this global market.

TOP COMPANIES IN ELECTRIC VEHICLE BATTERY MARKET: