Battery Market for Electric Car - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Battery Market for Electric Car - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Electric Vehicle

Report Description

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The automotive industry is constantly working to reduce the impact of carbon emission on the environment by focusing on the development of electric cars. Batteries are the heart of electric cars, which generate power in order to perform all functions of the cars. Different types of electric batteries are installed in electric cars. Using a battery in a vehicle provides advantages such as less pollution, as compare to an IC engine and diesel engine, reuse, and lower cost of charging. Stringent emission norms enacted by regulatory bodies in developed countries and rising demand for electric cars is likely to drive the battery market for electric car during the forecast period. However, cost is a key factor that is likely to hamper the battery market for electric car during the forecast period.

The battery market for electric car can be segmented based on battery type, car type, and region. Based on battery type, the battery market for electric car can be classified into lithium-ion battery and other two battery types. Lithium-ion battery has several advantages such as high energy density, no priming required, and low maintenance, which are expected to boost the lithium-ion battery type segment of the market during the forecast period.

Based on car type, the battery market for electric car can be segregated into battery electric car, hybrid electric car, and plug in hybrid car. Demand for battery electric cars has been increasing across the globe. Countries in North America and Europe are witnessing stable economic conditions, high percentage of urbanization, and increase in per capita income. These factors are anticipated to drive the battery market for electric car across the globe. Considering all these factors, the battery electric segment (BEV) is anticipated to dominate the battery market for electric car during the forecast period.

Based on sales channel, the battery market for electric car can be segmented into OEMs and aftermarket. The aftermarket segment is likely to dominate the battery market for electric car owing to the high number of major suppliers providing their services. Cost, quick service, and availability are also likely drive the aftermarket segment during the forecast period.

Based on region, the battery market for electric car can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific holds a major share of the global battery market for electric car in terms of supply and demand. In terms of revenue, Asia Pacific is anticipated to hold a major share of the global battery market for electric car during the forecast period, owing to the high production of electric cars in the region. Rapid expansion of the auto industry in countries such as China, Japan, and South Korea is likely to drive the battery market for electric car market in this region during the forecast period. The market in Europe and North America is expected expand at a rapid pace during the forecast period.

Key players operating in the global battery market for electric car include A123 Systems, Automotive Energy Supply Corporation, Altairnano, Valence Technology, Inc., Electrovaya, Tesla, Johnson Controls, Li-Tec Battery GmbH, Axion Power International Inc., Gotion, Inc., and XALT Energy.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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