According to a recent comprehensive by MarkNtel Advisors EV Battery Market research report, the EV Battery market is set for significant growth, driven by factors such as market size, share, and evolving trends.
This detailed report offers crucial insights into the EV Battery market, covering key aspects such as market segmentation and definitions. It outlines the main drivers of growth and provides a clear forecast of the industry’s future direction. Additionally, the study provides a thorough overview of the competitive landscape, detailing recent developments and regional distribution across major areas. An expert competitor analysis delivers an in-depth understanding of market dynamics, offering strategic recommendations for businesses and investors.
With its robust analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address potential challenges in the EV Battery market.
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Global EV Battery Market (2024-30): Analysis and Growth
The Global EV Battery Market size was valued at USD 132.5 billion in 2023 & is projected to reach USD 495.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.4% during the forecast period, i.e., 2024-30.
What are the key drivers fueling growth in the Global EV Battery market from 2024 to 2030?
Rising Government Initiatives Promoting EV Adoption Among Consumers – The surging government policies & plans towards adopting alternative fuel vehicles worldwide are emerging as a significant driving factor in the EV battery industry. Conventional vehicles running on fossil fuels have been a pivotal source of GHG emissions. Moreover, the global CO2 emissions due to transportation activities grew by more than 250Mt CO2 to nearly 8Gt CO2 in 2022 making the transport sector a major contributor to overall emissions. Hence, official authorities across the globe have been trying to reduce the emission rates by providing subsidies, incentives, and tax reductions on electric automobiles. Countries like Thailand, India, Germany, the US, etc., have offered subsidies and financial incentives such as value-added tax (VAT) and exemptions from car registration taxes for higher EV Adoption.
Global EV Battery Market : Segmentation Analysis
-By Battery Type
-Lithium-Ion- Market Size & Forecast 2019-2030F, (Thousand Units)
-Lead-Acid- Market Size & Forecast 2019-2030F, (Thousand Units)
-Nickel-Metal Hydride- Market Size & Forecast 2019-2030F, (Thousand Units)
-Others (Sodium Ion, Solid-State)- Market Size & Forecast 2019-2030F, (Thousand Units)
-By Battery Capacity
-<50 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)
-50-110 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)
-111-200 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)
-201-300 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)
->300 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)
-By Battery Form
-Prismatic- Market Size & Forecast 2019-2030F, (Thousand Units)
-Pouch- Market Size & Forecast 2019-2030F, (Thousand Units)
-Cylindrical - Market Size & Forecast 2019-2030F, (Thousand Units)
-By Propulsion Type
-Battery Electric Vehicle (BEV)- Market Size & Forecast 2019-2030F, (Thousand Units)
-Plug-In Hybrid Electric Vehicle (PHEV)- Market Size & Forecast 2019-2030F, (Thousand Units)
-Fuel-Cell Electric Vehicle- Market Size & Forecast 2019-2030F, (Thousand Units)
-Hybrid Vehicle- Market Size & Forecast 2019-2030F, (Thousand Units)
-By Vehicle Type
-Two-wheeler- Market Size & Forecast 2019-2030F, USD Million
-Passenger Cars- Market Size & Forecast 2019-2030F, USD Million
-Commercial Vehicles- Market Size & Forecast 2019-2030F, USD Million
-Vans/Light Trucks- Market Size & Forecast 2019-2030F, USD Million
-Medium & Heavy Trucks- Market Size & Forecast 2019-2030F, USD Million
-Buses- Market Size & Forecast 2019-2030F, USD Million
-Off-Highway Vehicles- Market Size & Forecast 2019-2030F, USD Million
-By Method
-Wire Bonding- Market Size & Forecast 2019-2030F, (Thousand Units)
-Laser Bonding- Market Size & Forecast 2019-2030F, (Thousand Units)
-Ultrasonic Bonding - Market Size & Forecast 2019-2030F, (Thousand Units)
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Explore the Complete Analysis Report – https://www.marknteladvisors.com/research-library/ev-battery-market.html
What role do key competitors play in shaping the market, and how are they adapting to emerging trends and challenges?
Contemporary Amperex Technology Co., Limited, LG Energy Solutions, BYD Company Limited, Panasonic Corporation, Toshiba Corporation, Mitsubishi Corporation, Enersys, SK Inc., CALB, Gotion Inc, Sunwoda Electronic Co. Ltd, Farasis Energy, Vehicle Energy Japan, Inc, Exide Industries, Primearth EV Energy Co., Ltd, Others
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Key Questions Answered in the Research Report:
· What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
· What are the trends influencing the current scenario of the market?
· What key factors would propel and impede the industry across the country?
· How has the industry been evolving in terms of geography & solution adoption?
· How has the competition been shaping up across the country?
· How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
· Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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