Electric Vehicle Battery Market by Battery Type and Geography - Forecast and Analysis 2020-2024

The electric vehicle battery market size has the potential to grow by $44.24 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.
This report provides a detailed analysis of the market by battery type (lithium-ion battery, lead-acid battery, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including A123 Systems LLC, Ballard Power Systems Inc., BYD Company Ltd., Cummins Inc., EnerSys, Exide Technologies, GS Yuasa International Ltd., LG Chem Ltd., Panasonic Corp., and Samsung SDI Co. Ltd.

Market Overview


Browse TOC and LoE with selected illustrations and example pages of Electric Vehicle Battery Market

Market Competitive Analysis

The EV battery market is fragmented with the presence of several large and experienced vendors that have optimized the manufacturing cost of batteries due to high unit production. A123 Systems LLC, Ballard Power Systems Inc., and BYD Company Ltd. are some of the major market participants. Although advances in EV battery and associated technologies will offer immense growth opportunities, safety concerns regarding lithium-ion batteries will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this electric vehicle battery market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this electric vehicle battery market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

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