Lithium-Ion Electric Vehicle Battery Market by Size, Growth, Opportunity and Forecast to 2025
Category: #business  By Partha Ray  Date: 2020-07-01
  • share
  • Twitter
  • Facebook
  • LinkedIn

Lithium-Ion Electric Vehicle Battery Market by Size, Growth, Opportunity and Forecast to 2025

As per the latest report titled ‘Global Lithium-ion Electric Vehicle Battery Market (Value, Volume) a?? Analysis By Chemistry Type (LMO, NMC, LFP, Others), Vehicle Type (BEV, HEV, PHEV), By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, worldwide lithium-ion electric vehicle battery market was remunerated at USD 13.5 billion in 2019 and is reckoned to grow significantly through 2026.

Collective cognizance for green & sustainable growth, coupled with numerous government initiatives aimed towards reducing environmental pollution are propelling the growth of lithium-ion electric vehicle battery market. Technology has brought many innovations in electric vehicles (EV). Rising awareness regarding the benefits of EV and subsequent demand are augmenting the market outlook.

According to the report, worldwide Li-ion electric vehicle battery market sphere is analyzed with respect to chemistry type, vehicle terrain, and regional landscape. Information pertaining to industry share held by various segments and respective growth rate is entailed in the report. It further scrutinizes drivers and challenges influencing the market dynamics during 2020-2025.

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2752220/

Speaking of the chemistry type, lithium-ion electric vehicle battery market is categorized into lithium-ion iron phosphate (LFP), lithium-ion nickel manganese cobalt oxide (NMC), lithium-ion manganese oxide (LMO) and others.  

Considering the vehicle terrain, the industry is classified into plug-in hybrid electric vehicle (PHEV), hybrid electric vehicle (HEV), and battery electric vehicle (BEV). The report cites that HEV segment is gaining substantial traction owing to its ability to operate on fuel as well as battery. However, BEV segment is poised to showcase strong growth trends over the forecast period, on account of eco-friendly properties.

Unveiling the regional landscape, lithium-ion electric vehicle battery market in Asia Pacific is anticipated to accumulate massive revenues by the year 2026. The growth is attributed to escalating sales of EVs across the region, alongside preference for lithium-ion battery over other batteries.

Key players in global lithium-ion EV battery market are Automotive Energy Supply Corp. (AESC), A123 Systems LLC, CATL, CBAK Power Battery, GS Yuasa, BYD, LG Chem, Samsung SDI, Toshiba, and Panasonic.

 

Question & Answer:

Q1: What factors are propelling the growth of lithium-ion electric vehicle battery market?

A: Collective cognizance for green & sustainable growth, coupled with numerous government initiatives aimed towards reducing environmental pollution, as well as rising awareness regarding the benefits of EV and subsequent demand are augmenting the market outlook.

Q2: Why is HEV recording escalating demand for lithium-ion battery?

A: Hybrid electric vehicles have the ability to operate on fuel as well as battery, which is boosting their popularity among consumers, hence stimulating the demand for lithium-ion battery.

Q3: Which are the established companies in global lithium-ion electric vehicle battery industry?

A: Key players in global lithium-ion EV battery market are Automotive Energy Supply Corp. (AESC), A123 Systems LLC, CATL, CBAK Power Battery, GS Yuasa, BYD, LG Chem, Samsung SDI, Toshiba, and Panasonic.

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

...

Read More

More News By Partha Ray

Fluorochemical Market Trends- Industry Analysis, Share, Growth, Product, Top Key Players and Forecast 2024
Fluorochemical Market Trends- Industry Analysis, Share, Growth, Product, Top Key Players and Forecast 2024
By Partha Ray

According to the research report titled ‘Global Fluorochemical Market (Value, Volume): World Market Review By Product Type, By Application, By End User Industry (2019 Edition): Opportunities and Forecast (2019-2024) - By Country, available with...

Colorants Market by Size, Growth, Opportunity and Forecast to 2024
Colorants Market by Size, Growth, Opportunity and Forecast to 2024
By Partha Ray

According to the research report titled ‘Global Colorants Market - Analysis By Product Type, Source, End-User Industry, By Region, By Country (2019 Edition): Opportunities and Forecast (2019-2024)’, available with Market Study Report LLC,...

Cigarette Market Size, Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2024
Cigarette Market Size, Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2024
By Partha Ray

As per the report titled ‘Global Cigarette Market (Value, Volume) - Analysis By Price, Market Share, Distribution Channel, By Region, By Country (2020 Edition): Market Insight, Competition and Forecast (2019-2024)-.’, available with Marke...