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Electric Vehicle Battery Market To Exhibit Massive Growth Potential With A CAGR Of 16.7% By 2025: Grand View Research Inc.

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Electric Vehicle Battery Market To Exhibit Massive Growth Potential With A CAGR Of 16.7% By 2025: Grand View Research Inc.

February 08
07:45 2021
Electric Vehicle Battery Market To Exhibit Massive Growth Potential With A CAGR Of 16.7% By 2025: Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a recent report published by Grand View Research Inc., preference for e-mobility and the consequent rise in the popularity of electric vehicles (EVs) has largely favored the market expansion.

According to a report, “Electric Vehicle Battery Market Size, Share & Trends Analysis Report By Battery Type (Lithium-ion, Lead-acid, Nickel-metal Hydride, Sodium-ion), By Vehicle Type, By Propulsion, By Region, And Segments Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global electric vehicle battery market size is expected to reach USD 38.6 billion by 2025, registering a CAGR of 16.7%, as per a new report by Grand View Research Inc. Increasing efforts to decrease the electric vehicle batteries production cost is prompting manufacturers to largely invest in developing countries, including India, China, and Mexico. Considering the potential for economic prosperity in developing economies, some key players large have already been planned expansion strategies in Asia Pacific. 

EVs require more battery power due to its advanced GPS navigation system, air-conditioning systems, power windows, and dashboard displays, which are battery powered. Advances in battery technology have resulted in the advent of batteries that can cater the drivetrain. Such favorable advances in battery technology are expected to drive the market growth.

In several metropolitan cities across the globe, city administrations are enlisting policies to enhance the deployment system of electric vehicle supply equipment (EVSE) and build adequate number of charging stations. For instance, in the Netherlands, the metropolitan area of Amsterdam has adopted a demand-based approach for deploying its EVSE network and making it accessible to owners of EVs. 

Global electric vehicle battery market size, by battery type, 2014 - 2025 (USD Million)

Electric Vehicle Battery Market Highlights

  1. Several countries are leading in deploying various EVs, including buses, two wheelers, and other commercial vehicles. The surging automotive production, mainly in Japan, China, Indonesia, Mexico, South Korea, Germany, Malaysia, and Taiwan is driving the market growth

  2. The lithium-ion segment led the market in 2018 and are used in applications that require higher energy density and lighter weights

  3. The battery electric vehicle (BEV) segment accounted for the largest revenue share in 2018 and is projected to continue this trend over the analysis timeline. The plug-in hybrid electric vehicle (PHEV) segment is estimated to register the highest CAGR in the forthcoming years

  4. Advances in battery technology along with the rising preference for zero-emission EVs and hybrid vehicles are expected to drive the electric vehicle battery demand during the forecast period

“Would you Like/Try a Sample Report” Click the link below:https://www.grandviewresearch.com/industry-analysis/electric-vehicle-battery-market/request/rs1

Electric Vehicle Battery Market Segmentation

Grand View Research has segmented the electric vehicle battery market on the basis of battery type, vehicle type, propulsion, and region:

Electric Vehicle Battery Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Lithium-Ion

  • Lead-Acid

  • Nickel-Metal Hydride

  • Sodium-Ion

  • Others

Electric Vehicle Battery Vehicle Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Passenger Vehicles

  • Commercial Vehicles

Electric Vehicle Battery Propulsion Outlook (Revenue, USD Million, 2014 – 2025)

  • Battery Electric Vehicle (BEV)

  • Plug-In Hybrid Electric Vehicle (PHEV)

Electric Vehicle Battery Region Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • South America

    • Brazil

  • MEA

List of Key Players in Electric Vehicle Battery Market

  1. ATLASBX Co.

  2. Sony

  3. Hitachi

  4. NEC Corporation

  5. Panasonic Corporation

  6. TCL Corporation

  7. Huanyu New Energy Technology

  8. Duracell

  9. NorthStar

  10. Crown Battery Manufacturing

  11. GS Yuasa Corp

  12. East Penn Manufacturing Co.

  13. C&D Technologies, Inc.

  14. B.B. Battery Co., Ltd.

  15. Narada Power Source Co., Ltd.

  16. CSB Battery Company Ltd.

  17. EnerSys, Inc.

  18. Coslight Technology International Group Co., Ltd.

  19. Zibo Torch Energy Co., Ltd.

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/6634/ibb

Browse Related Report @

Electric Vehicle Battery Thermal Management Systems Market – https://www.grandviewresearch.com/industry-analysis/electric-vehicle-battery-thermal-management-systems-market

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service.
Grand View Research is fully committed to offer the best research services in the Industry. Our dedicated team of experienced analysts offer full capability and potential to precisely understand your research needs.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/electric-vehicle-battery-market