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Electric Vehicle Battery Market

• March-2021

Report Id  FACT3587MR Category
Automotive Published Date May-2019
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Research Methodology (1/2)

• Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMR formulates a detailed discussion guide to conduct expert and industry interviews
FMR develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMR conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMR analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMR delivers industry insights and information in the required format (PDF)

• Identifying key opinion leaders
• Questionnaire design
• In-depth interviews
• Coverage across value chain

• Key industry experts
• Channel study
• Developments
• Market dynamics
• Products
• Conclusions

SOLUTION

• Market participants
• Key strengths
• Product portfolio
• Mapping as per value chain
• Key focus segments

Primary Research
Secondary Research
Paid Publications

• Linkedin
• Zoominfo
• Salesforce
• Avention

• Factiva
• GBI
• Genios
• Meltwater

• Company websites
• Company annual reports
• White papers
• Financial reports

includes sources of databases
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Electric Vehicle Battery Market
According to a Fact.MR study, global sales of
electric vehicle batteries surpassed a valuation
of US 90,700 million in 2018, and are
anticipated to register a Y-o-Y growth of
approximately 14 in 2019. Growing popularity and
demand for electric vehicles (EVs), owing to
increasing efforts to reduce emissions and ease
pollution, continue to impact the sales of
electric vehicle batteries. The study analyzes
the market in detail, and offers analysis of key
macroeconomic and industry-specific factors
influencing the growth of electric vehicle
battery market. The study finds that governments
in various regions across the globe are pushing
the adoption of EVs that will contribute to an
effective reduction in emissions of greenhouse
gases. This, coupled with growing consumer
concerns regarding negative impact of climate
change and alarming rise in pollution levels has
influenced growth in EV production, subsequently
boosting the sales of electric vehicle batteries.
Additionally, around 20 major cities worldwide
have announced the plans to ban gasoline and
diesel cars by 2030 or sooner, providing
potential growth prospects of the electric
vehicle battery market.
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Electric Vehicle Battery Market
According to the study, although EVs continue to
gain popularity for their lower running cost,
increased interior space, and unique exterior
styling, many customers still express concerns
over their cost premium and lack of charging
infrastructure. This has led to introduction of
new battery cells and reduction of battery pack
mass, resulting in improvements in energy
density, charge discharge, and thermal
performance. Further, advances in battery
management systems have contributed towards
extending battery life, vehicle range as well as
safety. To remain ahead of your competitors,
request for a sample - https//www.factmr.com/con
nectus/sample?flagSrep_id3587 Asia Pacific
Excluding Japan (APEJ) Leads Gains in Electric
Vehicle Battery Market The study opines that APEJ
will continue to be the leading market for
electric vehicle batteries, with sales in 2018
closed in on revenues worth US 35,000
million Global production of batteries for
electric vehicles, especially passenger cars,
remains concentrated in Asia, with China
controlling over the raw materials such as
lithium and cobalt needed to manufacture the
batteries. In addition, according to the World
Economic Forum and EV Volumes.com
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Electric Vehicle Battery Market
, China accounted for nearly 60 of the global
electric vehicle sales and production in 2018.
These factors along with strong automotive
industry, improving economy, and rising
disposable income in the region will continue to
drive the APEJ electric vehicle battery
market. The study finds that parallel hybrid
powertrains will contribute a relatively large
sales of electric vehicle batteries, exceeding a
valuation of US 64,800 million in 2018. For
critical insights on this market, request for
Methodology here - https//www.factmr.com/connectu
s/sample?flagRMrep_id3587 Parallel hybrid
powertrains or drivetrains are gaining increasing
application in EVs or HEVs for their ability to
deliver mechanical power from both electric motor
and internal combustion engine simultaneously. In
addition, HEVs with parallel hybrid powertrains
make them more efficient for highway driving at
higher and constant speed.
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Electric Vehicle Battery Market
With over 50 revenue share in 2018, passenger
cars continue to account for highly significant
sales of electric vehicle batteries, according to
the study. New government initiatives such as
financial incentives reducing the cost of buying
EVs, low- and zero-emission vehicle mandates,
tightened fuel-economy standards and regulation,
and other are likely to influence the adoption of
electric cars, which in turn will impact the
sales of electric vehicle batteries for passenger
cars. For in-depth competitive analysis, buy
now_at_ https//www.factmr.com/checkout/3587/S Fact
.MRs study also offers a long-term forecast of
the global electric vehicle battery market for
the period between 2017 and 2022. The electric
vehicle battery market is projected to register a
value CAGR of 13.6 during the forecast period.   
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