Electric Vehicle Battery Market Size – USD 13.36 Billion in 2019, Market Growth - CAGR of 15.1%, Market Trends – High demand in the e-mobility trend.

Electric Vehicle Batteries will reduce reliance on non-renewable energy resources, such as coal, natural gas, and petrochemicals. Electric vehicle batteries use an electrochemical process of generation of energy, which results in less combustion of fuel. Hybrid systems of standard motors and Electric Vehicle Batteries are used by most hybrid vehicles.

The major potential for market expansion identified in the near future is expected to be provided by the capable government policies and expenditure for expanding the public charging system, coupled with the increased efficacy of the electric vehicle.

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Key Highlights From The Report

The majority share in the passenger vehicle segment is primarily due to the high Electric Vehicle penetration in the sector.
Due to the growing demand for battery-powered buses and lightweight trucks, the commercial segment is expected to grow continuously over the predicted span.
Asia-Pacific is the fastest-growing section due to the Chinese government's supportive policies and China's growth as the world's hub for EV batteries.
Key players in the Electric Vehicle Battery market include A123 Systems, East Penn Manufacturing Company, LLC, BYD Co. Ltd., EnerSys, GS Yuasa Corporation, Hitachi, Ltd., Exide Technologies, Johnson Controls, LG Chem Ltd., and Duracell, among others.
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Key geographical areas:

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

The Electric Vehicle Battery market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2020-2027.

Emergen Research has segmented the global Electric Vehicle Battery Market on the basis of vehicle type, battery type, propulsion, and region:

Battery Type Outlook (Revenue, USD Billion; 2017-2027)

Lithium-Ion
Lead-Acid
Nickel-Metal Hydride
Sodium-Ion
Others
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)

Passenger Vehicles
Commercial Vehicles
Propulsion Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Battery Electric Vehicle
Plug-In Hybrid Electric Vehicle
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Global Electric Vehicle Battery Market Report – Table of Contents:

Chapter 1 includes the global Electric Vehicle Battery market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Electric Vehicle Battery market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Electric Vehicle Battery market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Electric Vehicle Battery industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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