Skip to main content

USD 19.2 Billion Global Electric Vehicle Battery Market Revenue to grow by 10.5% in 2019


Bekryl Market Intelligence Report | Global Electric Vehicle Battery Market | 2019
According to recently released market intelligence report by Bekryl, Global Electric Vehicle Battery Market is expected to register 3.3X higher revenue in 2028 than that in 2018. Johnson Controls International PLC, GS Yuasa, Panasonic, BYD, CATL, Hitachi Group, LG Chem, Quallion, SK Innovation, SAMSUNG SDI CO. LTD., BMW, Daimler AG, Nano One, Boston-Power, Inc.are key electric vehicle battery players.

Global Electric Vehicle Battery Market was valued at USD 19.2 billion in 2018 and will register a CAGR of 11.4% between 2018 and 2028. The industry will add additional US$ 39.4 billion incremental opportunity between 2018 and 2028.

Battery technology has been the top priority for automotive players. Clean energy advancement in automotive industry is dependent on technological advancement in battery segment. Increasing reliance on battery storage in electric vehicles will propel the market to grow at double digit.                                                    

The electric vehicle battery market has registered impressive growth between 2011 and 2016 and will continue to witness upward traction to create higher incremental opportunity for industry players. In the last few years, many new entrants has emerged in the industry leading to higher competition. Though there has been an increase in number of players across value chain, the industry holds wide potential for players to capitalize the market and generate higher ROI in next seven to ten years.

Request Electric Vehicle Battery Market Report Sample (PDF): https://bekryl.com/sample/sample-request/?bekryl=Get-Electric-Vehicle-Battery-Sample-Report

The industry is consolidated with Panasonic and BYD accounting for over 50% of global electric vehicle battery market share. The success of EVB will be driven by consistent innovation in the battery technology. The growth is substantially higher than the electric vehicles demand. As such companies will be able to gain high ROI by end of forecast period.

Bekryl’s market research report, Global Electric Vehicle Battery Market Size Analysis and Industry Opportunity, finds Asia Pacific to account for 38.3% of global sales in 2019. Much of the regional share is dominated by China followed closely by Japan. China has increased its electric vehicle battery production to meet the global and regional demand and is likely to have world’s first fully electric vehicle ecosystem. Government has initiated various schemes to create favorable business environment for players across industry verticals. As such, demand for batteries will register double digit growth in the country. OEM will be the most benefited out of this development.

Some key trends from the global Electric Vehicle Battery market:

Trend#1: Strategic Focus on Industry Partnership

Battery electric vehicles manufacturers are focusing on mergers and acquisitions along with growth partnership to strengthen their business presence globally. Recently, in 2017, Panasonic Corp. entered in partnership with Toyota Motor Corp. to supply lithium ion batteries to Toyota’s plug-in hybrid vehicles. Another major company – BMW partnered with Solid Power to develop Solid State cells for electric vehicles. Several such developments were witnessed in the past and are expected to continue in near future.

Trend#2: Lithium Ion Battery to Dominate the Global Electric Vehicle Battery Market Share

Lithium ion battery will dominate the global share and will register 3.6X increase in revenue to reach US$ 49.5 billion by 2028. The industry has seen new entrants with leading players focusing on product innovation to capitalize the market. The demand for long range electric vehicles has led to companies invest on R&D. Currently, there are around 26 giant factories engaged in production or planned plant expansion in near future. These number will further increase with conventional companies capitalizing the market.

Access Electric Vehicle Battery Market Insights/TOC Report: https://bekryl.com/industry-trends/electric-vehicle-battery-market-size-analysis

Some key global Electric Vehicle Battery Market Players are Johnson Controls International PLC, GS Yuasa, Panasonic, BYD, CATL, Hitachi Group, LG Chem, Quallion, SK Innovation, SAMSUNG SDI CO. LTD., BMW, Daimler AG, Nano One, Boston-Power, Inc.

Key Topics Covered in Electric Vehicle Battery Market Report:

(*The list is partial. Contact Bekryl representative/request report sample to access complete TOC).

  1. Research Methodology
  2. Executive Summary
  3. Value Chain Analysis

3.1.   Profit Analysis

3.2.   Key Players Across Value Chain

  1. Key Spending Analysis
  2. Market Growth Scenario

5.1.   Pessimistic

5.2.   Optimistic

5.3.   Realistic

  1. Electric Vehicle Battery Market Dynamics

6.1.   Drivers

6.2.   Restraints

6.3.   Opportunities

6.4.   Trends

6.5.   Porter’s Analysis

  1. Global Electric Vehicle Battery Market, By Battery Type (US$ Mn), 2018-2028

7.1.   Lithium Ion Battery

7.2.   Lead Acid Battery

7.3.   Nickel Metal Hydride

  1. Global Electric Vehicle Battery Market, By Vehicle (US$ Mn), 2018-2028

8.1.   Light Weight Vehicle

8.1.1.      BEV

8.1.2.      PHEV

8.1.3.      HEV

8.2.   Heavy Duty Vehicle

8.2.1.      BEV

8.2.2.      PHEV

8.2.3.      HEV

  1. Global Electric Vehicle Battery Market, By Battery Capacity (US$ Mn), 2018-2028

9.1.   05-20 kWh

9.2.   21-48 kWh

9.3.   >48 kWh

  1. Electric Vehicle Battery Market, By Region (US$ Mn), 2018-2028 (Further Analyzed across Countries)

10.1.                    North America

10.2.                    Western Europe

10.3.                    Central & Eastern Europe (CEE)

10.4.                    Asia Pacific

10.5.                    Middle East

10.6.                    Latin America

10.7.                    Africa

  1. Electric Vehicle Battery Market Competition Landscape

11.1.                    Competition Dashboard

11.2.                    Distribution Channel Matrix

11.3.                    Company Profiles (Check above list of companies)

(The list is partial. Contact Bekryl representative to access detailed research scope)

Other Similar Report:

NEV and Golf Cart Market: https://bekryl.com/industry-trends/nev-golf-cart-market-size-analysis

About Bekryl

Bekryl Market Analysts is a global market research and consulting service firm that helps industry stakeholders to take smarter decisions and achieve remarkable growth in today's disruptive business environment. We bring together data, leader's opinion and analytical service to help client define their growth strategy ranging from mergers and acquisitions based strategic decisions to finding market opportunity in business verticals namely chemicals, food & beverages, automotive, electronics and industrial production.

Media Contact
Company Name: Bekryl Market Analysts
Contact Person: Burke B.
Email: Send Email
Phone: +1 347 752 5777
Address:99 Wall Street Suite 622
City: New York
State: New York
Country: United States
Website: https://bekryl.com/industry-trends/electric-vehicle-battery-market-size-analysis



Source: www.abnewswire.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.