Electric Vehicle Battery Market – Growth Assessment
The Electric Vehicle Battery Market is forecasted to witness a significant growth over the course of the forecast period according to a newly published report by Fact.MR. The study highlights the critical trends that are likely to mold the growth of the Electric Vehicle Battery Market in the forecast year 2017 to 2022. Further, the report introspects the various factors that are expected to influence the overall dynamics of the Electric Vehicle Battery Market.
The report is an essential tool for stakeholders, upcoming market players, established companies, and investors who are looking to establish a strong presence in the Electric Vehicle Battery Market landscape. A detailed understanding of the raw material suppliers, vendors, manufacturers, and other components of the supply chain is provided in report.
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Key Takeaways from the Report
- Current and future prospects of the Electric Vehicle Battery market in over the forecast period 2017 to 2022
- Opportunity analysis for investors and market players in various regional markets
- Regulatory and government policy framework relevant to the Electric Vehicle Battery Market
- Mergers, acquisitions, collaborations, and partnerships in the Electric Vehicle Battery Market
- Growth potential of the emerging market players in the Electric Vehicle Battery Market
The report caters to the following questions related to the Electric Vehicle Battery Market:
- What is the anticipated value of the Electric Vehicle Battery market in 2029?
- Who are the leading market players in the Electric Vehicle Battery Market in region 1 and region 2?
- Which region is expected to witness the highest growth in terms of value during the forecast period?
- How are market players in the Electric Vehicle Battery Market adjusting to the economic slowdown worldwide?
- Which country in region 3 is expected to have a majority of the market share during the assessment period?
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- In May 2019, Panasonic Corporation, a leading player in electric vehicle battery market, announced the launch of ‘Nymbus’ – the first of its kind smart EV charging service in India. The new service, designed and developed to cater the growing Indian mobility market, combines various physical components such as charging stations, telematics systems, and others with virtual components including AI, cloud service, and analytics to deliver one stop solution.
- In April 2019, Robert Bosch GmbH announced that it has formed an alliance with the Swedish manufacturer of fuel-cell stacks – Powercell Sweden AB. Under the agreement, the two companies will work together to make the polymer-electrolyte membrane (PEM) fuel cells ready for production and use in commercial trucks and cars.
Founded in 1939, Toshiba Corporation is headquartered in Tokyo, Japan and has operations worldwide. The company is organized into for main groupings including the Digital Products Group, the Electronics Devices Group, the Social Infrastructure Group, and the Home Appliances Group. Toshiba’s line of SCiB™
rechargeable batteries offer the benefits of high energy density and rapid recharging, making important contributions to promoting the spread of electric vehicles.
Delphi Automotive PLC (Aptiv)
Founded in 1994, Delphi Automotive PLC is headquartered in Dublin, Ireland, and has renamed itself Aptiv in December 2017. Aptiv offers an extensive EV/HEV product portfolio with a complete range of E/E architecture systems and components for every high power and high voltage application.
Samsung SDI Co., Ltd.
Established in 1970, Samsung SDI Co., Ltd. is based in Yongin, South Korea, and specializes in manufacturing and sales of batteries worldwide. The company operates through three main segments including Chemicals, Electronic Materials, and Energy, and also offers a range of prismatic lithium-ion battery cells, battery modules and battery packs.
LG Chem Ltd.
Founded in 1947, LG Chem Ltd. is headquartered in Seoul, South Korea, and engages in the basic materials and chemicals, IT and electronic materials, energy solution, advanced materials, and life sciences businesses. The company specializes in supplying high-performance and quality batteries for electric vehicles to the global automobile manufacturers.
Established in 1949, Denso Corporation is based in Aichi Prefecture, Japan and operates in various regions around the world. In addition to automotive components, service parts and accessories, the company offers a range of product for electric and hybrid vehicles.
Parallel hybrid powertrains continue to account for relatively large sales of electric vehicle batteries, with nearly 70% share in 2018. Sales of these batteries remain driven by increasing use of parallel hybrid powertrains in EVs and HEVs, as they eliminate the inefficiency of converting mechanical power to electricity and increase efficiency for highway driving.
Electric vehicle battery market gains also remain significant from passenger cars, with sales in 2022 estimated to exceed US$ 33,000 million.
The Fact.MR study on electric vehicle battery market provides industry-based intelligence and in-depth insights into the global market. To carry out a detailed analysis on the growth of electric vehicle battery market for the period, 2017-2022, a unique methodology and holistic approach have been adapted.
An elaborate and complete secondary research is followed by a thorough primary research, to obtain valuable information about historical and current growth parameters of the electric vehicle battery market.
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