Electric Vehicle Battery Pack Market By Product Type (Lithium-Ion Battery, NI-MH Battery) By application (PHEVs, BEVs) and By Region - Global Forecast To 2026
27 November 2017
The global electric vehicle battery pack market, offers in-depth insights, revenue details, and other vital information regarding the global electric vehicle battery pack market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report also offers insightful and detailed information regarding the various key players operating in the global electric vehicle battery market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global electric vehicle battery pack market is segmented on the basis of product type, application, and region The global electric vehicle battery pack market was valued at US$ 53,745.7 Mn in 2016 and is projected to reach US$ 2,30,433.2 Mn in 2026, with a projected CAGR of 15.8% from 2017 to 2026.
Battery packs are designed to use as a fuel source for electric vehicles. Increasing research and development, and recent advancements in electric vehicles is supporting growth of the global electric vehicle battery pack market. Limited availability of natural resources such as petrol, diesel and gas is another factor influencing growth of the electric vehicles market, this in turn is expected to support growth of the global electric vehicle battery pack market.
There are various types of battery pack used in electric vehicles, among these lithium–ion battery is most commonly used battery pack, owing to its characteristics such as ability to output high energy and power per unit of battery mass, and to manage more charge/discharge cycles than other type of batteries.
Increasing environmental pollution due to excess carbon dioxide emissions and increasing government support to develop electric vehicles across the globe are key factors driving growth of the global electric vehicle battery pack market.
However, low efficiency of battery and long charging time are key factors hampering growth of the target market. In addition, high cost associated research and development activity is another factor limiting growth of the global electric vehicle battery packs market.
The global electric vehicle battery pack market report has been segmented on the basis of battery type, application, and region. On the basis of battery type, the global market is segmented into lithium–ion battery, NI–MH battery, and others. On the basis of region, the global electric vehicle battery pack market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The market in Asia Pacific accounted for highest revenue share in the global electric vehicle battery pack market, owing to presence of leading electric vehicle battery pack manufacturers and low investment and labor wages in the region. The Europe market accounted for second–highest revenue share, followed by markets in North America, South America and Middle East & Africa. Moreover, Asia Pacific market is projected to witness highest CAGR over the forecast period.
Global electric vehicle battery pack market segmentation by product type:
- Lithium-Ion Battery
- NI-MH Battery
Global electric vehicle battery pack market segmentation by application:
Global electric vehicle battery pack market segmentation by region:
- North America
- Asia Pacific
- South America
- Middle East & Africa
- Panasonic Corp.
- Contemporary Amperex Technology Co., Ltd.
- Optimum Nano Energy Co., Ltd.
- LG Chem. Ltd.
- Guoxuan High-Tech Co., Ltd.
- Tianjin Li Shen Battery Co., Ltd.
- Automotive Energy Supply Corporation
- Samsung sdi co., ltd.
- Lithium Energy Japan
- Primearth EV Energy Co., Ltd.
1.0 Chapter 1
2.0 Chapter 2
2.1 Report Description
2.1.1 Market Definition and Scope
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