EV Battery Market Scenario
Improvement in battery technology
and government policies & regulations are some of the major factors
propelling the EV battery market globally. Furthermore, increasing demand for
electric vehicles is also one of the factor augmenting the growth of EV battery
market. However, concerns over battery safety is one of the major factor
expected to hamper the global growth of the EV battery market.
EV Battery Market Segmentation
The EV Battery market is
segmented by battery type, battery capacity, propulsion, method and geography. Various
battery type used in manufacturing of EV battery are lithium-ion, lead-acid,
nickel-metal hydride, solid-state and others. Furthermore, the battery capacity
comprises of <50 Kwh, 50-110 Kwh, 111-200 Kwh, 201-300 Kwh and >300 Kwh. The
propulsion segment includes Battery Electric Vehicles (Bevs), Hybrid Electric
Vehicles (Hevs), Plug-Hybrid Electric Vehicles (Phevs) and Fuel Cell Electric
Vehicles (Fcevs). Likewise, the method includes wire bonding and laser bonding.
Based on Geography, the EV battery Market is studied across the countries of
key regions such as, North America, Europe, Asia Pacific and RoW.
EV Battery Market by Geography
Geographically, the EV Battery market
is studied across the countries of key regions such as, North America, Europe,
Asia Pacific and RoW. Among all the regions, the Asia Pacific is expected to
account for the largest market share. The Presence of global leaders, electrification
of commercial vehicles and government subsidies to electric commercial vehicles
are supporting market growth in the region.
EV Battery Market Key Players
Some of the major players
operating in the global EV Battery market includes CATL, Samsung Sdi,
Panasonic, Lg Chem, Byd Company Limited, Sk Innovation Co. Ltd., Vehicle Energy
Japan Co. Ltd. (Under Hitachi Automotive Systems, Ltd.), Toshiba Corporation,
Mitsubishi Corporation, Envision Aesc, Enersys, A123 Systems (Subsidiary Of
Wanxiang Group), Gs Yuasa, Exide Industries Limited and Primearth Ev Energy
Co., Ltd. These players are focusing on innovation as well as research &
development in order to gain a higher share in the market to enhance their
position in the market.
EV Battery Market Report Key Benefits