February 1 2019 Electric Vehicle Battery Market Future Forecast 2018 – 2025 | Latest Research Analysis by BlueWeave Consulting & Research Pvt Ltd. Electric Vehicle Battery Market contains in depth information major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast. Electric Vehicle Battery Market also provides data about the company and its operations that will give information on the business structure, areas of operation, products, and services offered by the company.
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. 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. Request for Sample of this Market Research Report@ https://bit.ly/2C7Jxmw 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. 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 Europe Asia Pacific Middle East & Africa Latin America Browse full Research Report@ https://www.blueweaveconsulting.com/global-electric- vehicle-battery-market/
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