According to a Fact.MR study, global sales of electric vehicle batteries surpassed a valuation of US$ 90,700 million in 2018, and are anticipated to register a Y-o-Y growth of approximately 14% in 2019. Growing popularity and demand for electric vehicles (EVs), owing to increasing efforts to reduce emissions and ease pollution, continue to impact the sales of electric vehicle batteries. The study analyzes the market in detail, and offers analysis of key macroeconomic and industry-specific factors influencing the growth of electric vehicle battery market.
The study finds that governments in various regions across the globe are pushing the adoption of EVs that will contribute to an effective reduction in emissions of greenhouse gases. This, coupled with growing consumer concerns regarding negative impact of climate change and alarming rise in pollution levels has influenced growth in EV production, subsequently boosting the sales of electric vehicle batteries. Additionally, around 20 major cities worldwide have announced the plans to ban gasoline and diesel cars by 2030 or sooner, providing potential growth prospects of the electric vehicle battery market.
Global Electric Vehicle Battery Market: Segmentation
For clearer understanding of the Electric Vehicle Battery Market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Electric Vehicle Battery Market, which is essential to make sound investments.
A market research study is incomplete without regional analysis, and we are well aware of it. That is why, the report includes a comprehensive and all-inclusive study that solely concentrates on the geographical growth of the global Electric Vehicle Battery Market. The study also includes accurate estimations about market growth at the global, regional, and country levels. It empowers you to understand why some regional markets are flourishing while others are seeing a decline in growth. It also allows you to focus on geographies that hold the potential to create lucrative prospects in the near future.
Following Questions Answers Covered in the Report are:
- How will the global Electric Vehicle Battery Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Electric Vehicle Battery Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Electric Vehicle Battery Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Competitive Landscape
The chapter offers a dashboard view of the market share analysis of key players in electric vehicle battery market, along with structural analysis. It also provides company profiles, product offerings, key financials, strategies, and regional presence of each leading player in the electric vehicle battery market.
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