About Electric Vehicles Battery
Electric vehicles battery is used to power the electric motors of battery electric vehicles. The batteries are generally lithium-ion batteries and are rechargeable. The batteries are specially designed for high kilowatt-hour capacity. Materials manufacturing, cell manufacturing, and integration are the main three stages of the manufacturing process. It is a costly and time-intensive process.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Electric Vehicles Battery is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Electric Vehicles Battery market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CATL (China), LG Energy Solution (South Korea), Panasonic (Japan), BYD Company (China), Samsung SDI (South Korea), SK Innovation (South Korea), China Aviation Lithium Battery Co., Ltd. (China), AESC (United States), Guoxuan High-Tech (China) and Primearth EV Energy (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electric Vehicles Battery market by Type (Lead-Acid Battery, Nickel-Cadmium Battery, Nickel-Metal Hydride Battery, Lithium-Ion Battery and Others), Application (Consumer Electronics, Public Transportation, Aviation, Electricity Grid, Renewable Energy Storage and Others) and Region.
On the basis of geography, the market of Electric Vehicles Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. 0.1 kWh will boost the Electric Vehicles Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introductions of New and Innovative Electric Vehicles and Rapidly Depletion of Fossil Fuels
Market Growth Drivers:
Increasing Demand for Electric Vehicles and Rising Government Preference towards Environmental Free Solutions
Challenges:
Lack of Standardization of Electric Vehicles Battery Charging Stations
Restraints:
High Cost Associated with Electric Vehicles Battery
Opportunities:
Regulatory Guidelines on Fuel Emission Vehicles
Market Leaders and their expansionary development strategies
In December, Toyota and Panasonic joined forces to develop next-generation lithium-ion batteries with improved performance and affordability.
In November 2023, Samsung SDI debuted its Gen5 battery with higher nickel content for increased range and efficiency.
Key Target Audience
Electric Vehicles Battery Manufacturers, Electric Vehicles Battery Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.