Growing demand for emission control systems and the establishment of green power generation for electric vehicle batteries are driving market demand
VANCOUVER, BC, CANADA, September 19, 2021 /EINPresswire.com/ – The global electric vehicle battery market is expected to reach $ 46.80 billion by 2027, according to a new report from Emergen Research. One of the main drivers of growth is the growing demand for alternative energy sources. Generating electricity effectively reduces emissions of carbon dioxide or other dangerous pollutants. Therefore, electric vehicle battery technology has a major role to play in solving environmental problems and promoting the use of renewable energy carriers. Continued advancements in products and technologies should open up new possibilities for emerging players.
In the report, the researchers also focus on the remarkable market changes that have followed the coronavirus outbreak. By far, the COVID-19 pandemic has altered various aspects of the Global Electric Vehicle Battery market scenario. However, this report offers an in-depth analysis of the COVID-19 impact of the market to help readers gain knowledge about the significant effects of the outbreak on the present and future scenario of this business space. This is the most recent report that undertakes the current economic situation hit hard by the COVID-19 pandemic.
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Highlights of the report
The majority share in the passenger vehicle segment is mainly due to the strong penetration of electric vehicles in the sector.
Due to the increasing demand for battery-powered buses and light trucks, the commercial segment is expected to grow steadily over the anticipated time frame.
Asia-Pacific is the fastest growing section due to the supportive policies of the Chinese government and the growth of China as a global hub for electric vehicle batteries.
Major market players include A123 Systems, East Penn Manufacturing Company, LLC, BYD Co. Ltd., EnerSys, GS Yuasa Corporation, Hitachi, Ltd., Exide Technologies, Johnson Controls, LG Chem Ltd. and Duracell, among others.
Market segmentation :
Emergen Research has segmented the global electric vehicle batteries market on the basis of vehicle type, battery type, propulsion, and region:
Outlook Battery Type (Revenue, USD Billion; 2017-2027)
Nickel metal hydride
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Propulsion Outlook (Revenue: Billion USD; Volume: Million Tons; 2017-2027)
Battery electric vehicle
Plug-in hybrid electric vehicle
Regional Segmentation Of Electric Vehicle Batteries Market:
North America (United States, Canada)
Europe (UK, Italy, Germany, France, rest of the EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
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The report offers an insightful description of the value chain and distribution channels of the global market, while identifying an array of business strategies employed by industry professionals. With special emphasis on the market scope and application areas, the report covers many aspects of the industry including current industry trends, growth potential, up-to-date contours, and restraints. market, among others.
Key factors influencing market compensation:
The global Electric Vehicle Battery market report comprises a detailed study of the market product range and further describes the various types of products including one-sided, two-sided, and others.
The report focuses on the overall market dynamics and presents information regarding producers and distributors, manufacturing cost structure, and downstream buyers.
The details regarding the expected growth rate, industry share, accumulated revenue, and product segmentation are outlined in this report.
The application landscape of the global electric vehicle battery market can be categorized into for humans, for animals, and others.
The study further examines the industry share and product demand of each application, along with the expected growth patterns of different application segments.
Other critical factors, such as the market concentration rate and the raw material processing rate, were also covered by the latest study.
Chapter 1. Methodology and sources
1.1. Market definition
1.2. Scope of research
1.4. Research sources
1.4.3. Paid sources
1.5. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2019-2027
Chapter 3. Main information
Chapter 4. Electric Vehicle Battery Market Segmentation and Impact Analysis
4.1. Electric Vehicle Battery Market Materials Segmentation Analysis
4.2. Industrial outlook
4.2.1. Analysis of market indicators
4.2.2. Market driver analysis
126.96.36.199. Government grants for electric vehicle battery programs
188.8.131.52. Growing demand for electric vehicle battery systems
4.2.3. Analysis of market constraints
184.108.40.206. Lack of skilled labor during COVID-19
4.3. Technological insights
4.4. Regulatory framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive metric space analysis
4.7. Price trend analysis
4.8. Covid-19 impact assessment
To learn more about the report, visit @https: //www.emergenresearch.com/industry-report/electric-vehicle-battery-market
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