Published on : Feb 17, 2020
ResearchMoz.us has announced the addition of a report, titled “Global Electric Vehicles Battery Market Insights, Forecast to 2025”. The report on the Electric Vehicles Battery market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application. The forecast period of the report is 2019 to 2025. Base year is 2018.
Charting a stellar CAGR (Compound Annual Growth Rate) over the forecast period, the global electric vehicle battery market is set to generate a plethora of growth opportunities. This will also translate to a notable improvement in the worth of global electric vehicles battery market. The growth owes itself to rise in demand for electric vehicles, thanks to rising consumer awareness, and efforts by the government to promote clean means of transportation. To this end, many countries are focusing their efforts at installing charging station to build an enabling infrastructure, which is set to contribute to the growth of the global electric vehicles battery market.
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And, it is worth noting here that while developed nations are deep onto planning and implementation, developing nations are not too far behind. India, China, Mexico and South Africa are all witnessing an increase in registrations for electric vehicles. As a matter of fact, China accounted for 33.33% sales in the global electric vehicles market. It is worth noting here that India too is witnessing a ramp up in efforts towards increasing sales of electric vehicles.
The global electric vehicles battery market is fragmented and key players in the market landscape include ATLASBX Co., Ltd.; Sony; Hitachi; NEC Corporation; Panasonic Corporation; TCL Corporation; Huanyu New Energy Technology; Duracell; NorthStar; Crown Battery Manufacturing; GS Yuasa Corp; East Penn Manufacturing Co.; C&D Technologies, Inc.; B.B. Battery Co., Ltd.; Narada Power Source Co., Ltd.; CSB Battery Company Ltd.; EnerSys, Inc.; Coslight Technology International Group Co., Ltd.; and Zibo Torch Energy Co., Ltd.; among others. Most of these are covered in the report added by ResearchMoz.
Most players depend on a robust distribution network to stay ahead of the marketing and sales game for electric vehicles battery. Some also resort to forward integration in order to have a firm grasp on the market. An example that would be perfect here is that of Samsung that not just manufactures but also distributes its products. Besides, it also uses it in its other products.
Region-wise, North America and Europe will hold a significant share owing to rising demand for electric vehicles in the region. Besides, presence of prominent players like Tesla Motor Inc., Ford Motor Company, and Bayerische Motoren Werke AG is also contributing positively to the growth of global electric vehicles battery market.
In fact, governments in the region are promoting sales and distribution of these vehicles. Even the infrastructure is being developed accordingly. For instance, in the United States of America, planning t provide charging points in the public domain is underway. And, in Europe, a lot of countries like Luxembourg have a public transport completely electrified. In 2018, Norway saw a steep rise in sales to a record 31.2%. These countries, along with France and Netherlands are also moving towards Plug-in vehicle (PEV). The United Kingdom is also not far behind in sales of PEVs. The report covers all relevant regions:
- United States
- South Korea
- Other Regions