High Voltage Battery Market - 2025

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MarketsandMarkets Presents

High Voltage Battery Market - 2025
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igh-voltage-battery-market-117295368.html
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The report "High Voltage Battery Market By
Capacity (75-150, 151-225, 226-300, gt300kWh),
Type (NCA, NMC, LFP, Others), Range (100-250,
251-400, 401-550, gt550 Miles), Voltage (400-600,
gt600V), Vehicle Type (Truck, Bus, Passenger Car)
and Region-Global Forecast to 2025, The high
voltage battery market is projected to grow at a
CAGR of 38.95 from 2018 to 2025, and the market
size is projected to grow from USD 8.9 billion in
2018 to USD 89.1 billion by 2025. The
increasing demand for higher driving range
vehicles, significant focus toward smart
transportation, and advancement toward battery
chemistry are expected to play a significant role
in the growth of the high voltage battery
market. Get The PDF Brochure For This Report
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asp?id117295368 Browse 93 market data Tables
and 50 Figures spread through 176 Pages and
in-depth TOC on "High Voltage Battery Market
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igh-voltage-battery-market-117295368.html
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The high voltage battery market for bus is
estimated to be the largest market during the
forecast period. As the energy requirement of
electric buses is very high, currently 90 of the
electric buses fall under the high voltage
category. According to primary insights, this
number is expected to be 100 by 2025. With
aggressive incentives and mandates from the
Chinese government, the country has already
proved themselves as a leader in clean
technologies. The electric buses are expected to
dominate the high voltage market, by vehicle
type, due to the rising adoption of electric
buses for public transportation in cities across
the globe. Moreover, in the passenger car
segment, the current high voltage battery market
is driven by the BEV industry leader, Tesla. In
driving range, the gt550 miles segment is
projected to grow at fastest rate during forecast
period. Currently, majority of the electric buses
and passenger cars fall under 251400 miles and
401550 miles drving range. However, with
advacement in battery chemistry and growing fast
charging network, elctric buses are expected to
shift gradually toward gt550 miles range. A
similar trend is expected for electric trucks, as
the market for electric trucks is under
development phase. However, successful electric
transportation also drives the demand for gt 550
miles battery electric vehicles. For instance, in
November 2017, Tesla unveiled a prototype of
Semi-Truck, which will go for full-fledged
production by 2019. The semi-trucks can travel
approximately 600 miles of range. Request Sample
of the report https//www.marketsandmarkets.com/r
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The gt300 kWh segment is expected to be the
largest contributor in the high voltage battery
market, by battery capacity, during the forecast
period. The growth of gt300kWh batteries is mainly
driven by the dominating electric bus industry in
China. All the electric bus models of the market
leader, BYD, fall under this category.
Additionally, the electrification of public
transportation would drive the demand for
electric buses and trucks, which, in turn, would
drive the high voltage battery market as electric
buses and trucks are equipped with more than gt300
kWh battery packs. For instance, Tesla Semis
battery pack will have a capacity of 8001,000
kWh. According to primary insights, Tesla Semi
Truck would be a game changer in the electric
truck industry, as a significant number of
logistics and transport companies have
pre-ordered Tesla Semi Truck. Some of the key
players in the high voltage battery market are
Panasonic (Japan), BYD (China), CATL (China), LG
Chem (South Korea), and Tesla (US). Panasonic
(Japan) is identified as the leading player in
the high voltage battery market.  Dont miss
out on business opportunities in High Voltage
Battery Market. Speak to our analyst and gain
crucial industry insights that will help your
business grow.
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Asia Oceania is expected to account for the
largest market size during the forecast
period. Asia Oceania is projected to hold the
largest market share. Factors such as dominating
Chinese EV industry, strong economic growth,
increasing focus toward smart cities, development
related to Gigafactory setup, and favorable
government policies have triggered the demand for
high voltage battery in the region. China
accounts for the highest market share of 78.8 of
the global high voltage battery market, which can
be attributed to the ever-growing production of
electric buses in the country. Additionally,
China and South Korea, home for the largest
battery manufacturers, play a key role in the
high voltage battery supply chain industry in the
Asia Oceania region. On the other hand, when
compared to the European and North American
region, people from the Asia Oceania region
prefer economic electric cars with a driving
range of gt100 miles. This trend is expected to
change with the entry of Tesla model 3 in the
country. According to Tesla, the company is
planning to produce 500,000 cars in China. Such
developments are expected to help Asia Oceania
dominate the high voltage battery market in the
near future as well. https//www.marketsandmark
ets.com/Market-Reports/high-voltage-battery-market
-117295368.html
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