According to a new market report published by
BlueWeave Consulting, the global electric vehicle battery market was valued at
US$ 20.23 Bn in 2017 and is expected to expand at a CAGR of 19.04% from 2018 to
2025, reaching US$ 92.65 Bn by the end of the forecast period. According to the
report, Asia Pacific was the largest contributor in terms of revenue to the
global electric vehicle battery market in 2017.
Increasing demand for
environment friendly vehicles is driving the Electric Vehicle Market which
will consecutively propel the EV Battery Market.
Electric vehicles provide great potential to
radically reduce local air pollution, greenhouse gas emissions, resulting
climate change impacts, and oil use from the transport sector. With the steady
decrease in the price of electric vehicles, the transition seems to become more
feasible. This potential is facilitated and made compelling by the ubiquity of
electricity and the emerging availability of low-carbon, renewable energy
sources. Electric Vehicles need rechargeable batteries to run for sustainable
time. Electric Vehicle batteries are generally different from SLI (starting,
lighting, and ignition) batteries since they are designed to provide power over
sustainable period of time. Diseases caused by air and water pollution are
epidemic among minorities. Environmental pollution cause more than three times
death than malaria, tuberculosis, and AIDs, countries such as Indian and China
records the maximum death caused by environmental pollution.
Pollution causes 7% of the medical expenses
among middle income group people across the world, in addition, according to
World Bank air pollution cost in India was approximately 8% of its GDP or USD
560 billion in 2013. Increasing number of deaths in India and China are
encouraging government and non-government organization to spread awareness
regarding environment pollution and its heath impacts. Due to which several
governments’ regulations, particularly pollution prone countries have initiated
supportive policies and programs to produce and adopt electric vehicles, which
is surging the demand for global electric vehicles battery market over the
forecast span.
Global Electric Vehicle
Battery Market: Scope of the Report
The Global Electric Vehicle Battery market is segmented on the
basis of battery type, vehicle technology, and vehicle type. On the basis of
battery type, the market is segmented into Lithium-ion Battery, Lead Acid
Battery, Nickel Metal Hybrid Battery, and Others. Lithium-ion Battery was the
largest segment in the Global Electric Vehicle Battery market in 2017 and is
estimated to witness the highest growth during 2018-2025. On the vehicle
technology basis, the market is segmented into BEV, PHEV, and HEV. BEV
accounted for the largest segment in the Global Electric Vehicle Battery market
in 2017. On the basis of vehicle type, the market is segmented into Commercial
Vehicle, Passenger Car and Two Wheeler. On the basis of
region, the market is segmented into five parts namely North America, Asia
Pacific, Europe, Latin America, Middle East & Africa. Asia Pacific was the
largest region in the global electric vehicle battery market in 2017 with a
market share of 70.4% and it is estimated to grow over a CAGR of over 19.26%
during 2018-2025.
Browse an
Exclusive PDF Sample of this Research Report@
Global Electric Vehicle
Battery Market: Competitive Dynamics
Companies, such as Panasonic Corporation,
Mitsubishi Electric Corporation, Samsung Electronics Co. Ltd., Johnson Controls
International Plc, Toshiba Corporation, Automotive Energy Supply Corporation,
LG CHEM Ltd., and BYD Company ltd, Ltd. are the key players in manufacturing
electric vehicle battery globally. In terms of product offerings, Panasonic
Corporation and BYD Company Ltd are the major players in the market,
providing electric vehicle battery.
Market Segmentation:
Global Electric Vehicle Battery Market By Battery Type
·
Lithium-ion Battery
·
Lead Acid Battery
·
Nickel Metal Hybrid Battery
·
Others
By Vehicle Technology
·
BEV
·
PHEV
·
HEV
By Vehicle Type
·
Commercial Vehicle
·
Passenger Car
·
Two Wheeler
In addition, the report
provides analysis of the Global Electric Vehicle Battery market with respect to
the following geographic segments:
North America
·
U.S.
·
Canada
·
Rest of North America
Asia Pacific
·
China
·
Japan
·
India
·
South Korea
·
Others
Europe
·
Norway
·
Switzerland
·
Sweden
·
Netherlands
·
France
·
UK
·
Austria
·
Belgium
·
Germany
·
Italy
·
Others
Latin America
·
Argentina
·
Brazil
·
Mexico
·
Rest of Latin America
Middle East &
Africa
·
U.A.E
·
Saudi Arabia
·
South Africa
Access Detailed Research methodology of this Research Report@
1.
Research Frame work
1.1. Market
Definition and Scope
1.2. Market
segmentation
2.
Research methodology
3.
Executive summary
4.
Electric Vehicle Battery Industry Insights
4.1. Industry Value
Chain analysis
4.1.1.
Vendor Matrix
4.2. Raw material
analysis
4.2.1.
Nickel
4.2.2.
Manganese
4.2.3.
Cobalt
4.2.4.
Graphite
4.3. Pricing Analysis
4.4. Analogy of
electric vehicle batteries
4.5. Industry impact
and forces
4.5.1.
Growth drivers
4.5.1.1.
Increasing demand for environment friendly vehicles
4.5.1.2.
Rising concerns regarding depleting oil and gas resources
4.5.1.3.
Government endowments towards EV batteries and rising fuel prices
4.5.2.
Industry challenges
4.5.2.1.
Performance of batteries at extreme weather conditions and space constrain
4.5.2.2.
Charging time and cost challenge
4.6. Technological
Landscape
4.7. Cost Structure
Analysis
4.8. Regulatory
Framework
4.9. Company market
share analysis,2017
4.10. Growth potential
analysis,2017
4.11. Strategic
Outlook
4.12. Porter’s
analysis
4.13. PESTEL analysis
5.
Global Electric Vehicle Battery Market Overview
5.1. Market size
& Forecast
5.1.1.
By Value
5.2. Market Share
& Forecast
5.2.1.
By Battery Type
5.2.2.
By Vehicle Technology
5.2.3.
By Vehicle Type
5.2.4.
By Region
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Consulting & Research Pvt Ltd. (BWC)
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