What is Electric Car Battery Market Scope?
Electric car batteries are a substitute source of power for a car as compared to the traditional car battery. These batteries are really important as it prevents major source of increased global warming and other natural problems use of electricity rather than petroleum. It is having options to cool an electric car battery—with phase change material, fins, air, or a liquid coolant. This battery uses cooling options with phase change materials like fins, air, or a liquid coolant. The greater intervention from governments is focusing attention on the electrical vehicle is boosting the market. For instance, in September 2019 India has come with electric vehicle plan by considering the point of view of NITI Aayoge as pollution in the country has become a national emergency. The electric car battery is a growing part of vehicle industries due to improved technology is the driving factor of the market.
Influencing Trend:
Growing Fuel Prices Has Shifted Trend for Electric Vehicle
Market Growth Drivers:
Rising Number of Electric Vehicle in the World Boosting the Demand of Electric Car Battery and Reduction of Fossil Fuel Reserves
Challenges:
Over Charging May Cause Battery Damage
Restraints:
Potential Hazards Related To Uncontrolled Temperature and High Initial Cost
Opportunities:
Concerns Regarding the Degradation of the Environment and The Advances in Electric Car Battery and Associated Technologies
The Electric Car Battery market study is being classified by Type (Lead-Acid Batteries, Nickel Metal Hydride (Nimh) and Lithium-Ion (Li-Ion)), by Application and major geographies with country level break-up.
The electric vehicle battery market suggests that the market's competitive landscape is dynamic and working on expanding its supply chains and distribution channels. The competitors work on mobility and performance while enhancing the shelf-life of the cell. Analysts at AMA predicts that Manufacturers from Japan will contribute to the maximum growth of Global Electric Car Battery market throughout the predicted period.
Panasonic (Japan), Innolith (Switzerland), AESC (China), PEVE (Japan), LG Chem (South Korea), Lithium Energy Japan (Japan), Axion Power International (United States), Blue Energy Ltd (Australia), Electrovaya (Canada) and EnerDel, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Contemporary Amperex Technology (China), Samsung Sdi Co Ltd (South Korea), Sk Innovation Co Ltd (South Korea) and Tesla (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Electric Car Battery market by Type, Application and Region.
On the basis of geography, the market of Electric Car Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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).
Market Influencers and their Development Strategies
In February 2019, Tesla has announced their acquisition with Maxwell technologies. The company acquired the Maxwell which aimed for helping the electric automaker to improve batteries and cost of the batteries. This deal will help to give a boost to the electric batteries in the market.
In April 2019 Innolith Debuted Their Lithium-Ion Electric Car Battery With 600mile Range. This Is Switzerland Based Company Has Claimed That They Have Made the World’s First 1000 WH/Kg Rechargeable Battery. Battery With That Density Would Be Capable of Powering an Electric Car to Run 1000 Kilometres (621 Miles) On A Single Charge. The Demand of Carmakers Has Long Been Clamoring for the Battery to Improve the Range and Also Extended Life Spans for That Introduced These Batteries.
Key Target Audience
Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
Electric Car Battery Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Electric Car Battery Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Electric Car Battery industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.