A record-breaking global xEV battery technology market size

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Pune, India, April 20, 2022 (GLOBE NEWSWIRE) — Worldwide, according to MarketStudyReport xEV battery technology market It was worth US$20.44 billion in 2021 and is expected to witness tremendous growth in 2022-2027.

According to the report, the market is evaluated by EV battery type, application area, vehicle type and geographic reach. In addition, the document details the competitive landscape of this business area and discusses the plans companies have adopted to gain an advantage over their competitors. It also includes information on recent deals, mergers and acquisitions, collaborations and partnerships. The implications from Porter’s Five Forces analysis are included in the document to assist both existing firms and new entrants in developing strategies that promise good returns during the analysis period.

The industry is primarily driven by rapid urbanization, increasing demand for electric vehicles, growing concerns over CO2 emissions, and expanding government support for green initiatives.

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Covid-19 effect:

Many countries have implemented a full curfew for more than two months to curb the spread of the Covid-19 virus, which has adversely affected the market outlook in recent years.

Market segment overview:

Depending on the type of EV battery, the industry is divided into NMH battery, lead acid batteries, lithium-ion batteries and others. Among them, the lithium-ion batteries segment, which currently has a significant revenue share, is expected to grow at a rapid rate over the forecast period due to the widespread use of the product in electric vehicles.

In terms of vehicle type, the marketplace is classified into BEV, PHEV and HEV. The BEV segment currently has a significant revenue share and is expected to grow significantly over the forecast timeframe due to increased demand for electric vehicles.

Based on the range of applications, the global xEV battery technology market is segmented into commercial and personal. Among them, the commercial segment currently has a large industry share and is planned to grow continuously during the review period thanks to the widespread adoption of electric vehicles for commercial purposes and appropriate government policies.

Regional coverage:

Regionally, the industry covers North America (Canada, USA), Europe (Germany, France, UK, Norway) and Asia Pacific (India, China, Japan, South Korea).

Experts state that the Asia-Pacific market accounts for a significant revenue share in 2021 and is poised to grow tremendously in 2022-2027, thanks to the growing population as well as leading battery producing countries such as Japan, China and South Korea. Increasing demand for electric vehicles and a focus on providing more reliable batteries for electric vehicles will positively impact industry dynamics.

To access a sample copy or view this report in detail with its table of contents, please click the link below:

https://www.marketstudyreport.com/reports/global-xev-battery-technology-market-2022-edition-analysis-by-ev-battery-type-vehicle-type-application-by-region-by-country- Market forecasts and forecasts with the effect of covid-19-2022-2027

Competitive dashboard:

Alternative Energy Systems Consulting, Inc., SK Innovation Co., Ltd., CBAK Energy Technology, Inc., Contemporary Amperex Technology Co., Limited (CATL), Samsung SDI Co., Ltd., BYD Auto Co., Ltd., LG Chem Ltd., Toshiba Corporation, GS Yuasa Corporation and Panasonic Corporation are the main players in the global xEV battery technology market. These competitors undertake research and development projects to strengthen their position in the industry as well as expand their production capacities to meet the increasing consumer demand.

Global xEV Battery Technology Market by EV Battery Type (Revenue, Billion USD, 2017-2027)

  • lead acid batteries
  • NMH Battery
  • Lithium-ion batteries
  • Others

Global xEV Battery Technology Market by Vehicle Type (Revenue, Billion USD, 2017-2027)

Global xEV Battery Technology Market by Application Scope (Revenue, Billion USD, 2017-2027)

Global xEV Battery Technology Market by Geographical Fragmentation (Revenue, Billion USD, 2017-2027)

North America

Europe

Asia Pacific

  • Japan
  • India
  • Chinese
  • South Korea

Global xEV Battery Technology Market, Company Profiles (Revenue, Billion USD, 2017-2027)

  • Alternative Energy Systems Consulting Inc.
  • SK Innovation Co., Ltd.
  • CBAK Energy Technology Inc.
  • Contemporary Amperex Technology Co., Limited (CATL)
  • Samsung SDI Co., Ltd.
  • BYD Auto Co., Ltd.
  • GS Yuasa Company
  • LG Chemical Ltd.
  • Toshiba Company
  • Panasonic Company

Table of contents:

1. Scope, Research Methodology and Executive Summary

1.1 Research Methodology

1.2 Executive Summary

2. Strategic Recommendations

3. Global xEV Battery Technology Marketplace: Product Outlook

4. Global xEV Battery Technology Market: Sizing and Forecast

4.1 Market Size by Value, 2017-2027

4.2 Impact of COVID-19 on the Global xEV Battery Technology Market

5. Global xEV Battery Technology Market Segment by EV Battery Type, Vehicle Type, Application

5.1 xEV Battery Technology Market Competition Scenario: By EV Battery type

5.1.1 Lithium-Ion Batteries – Market Size and Forecast (2017-2027)

5.1.2 Lead Acid Batteries – Market Size and Forecast (2017-2027)

5.1.3 NMH Battery – Market Size and Forecast (2017-2027)

5.1.4 Others – Market Size and Forecast (2017-2027)

5.2 xEV Battery Technology Market Competition Scenario: By Vehicle Type

5.2.1 HEV??? Market Size and Forecast (2017-2027)

5.2.2 PHEV?? Market Size and Forecast (2017-2027)

5.2.3 BEV??? Market Size and Forecast (2017-2027)

5.3 xEV Battery Technology Market Competitive Scenario: By Application

5.3.1 Personal – Market Size and Forecast (2017-2027)

5.3.2 Commercial – Market Size and Forecast (2017-2027)

6. Global xEV Battery Technology Market: Regional Analysis

6.1 xEV Battery Technology Market Competitive Scenario: By Region

7. American xEV Battery Technology Market: An Analysis (2017-2027)

7.1 US xEV Battery Technology Market: Size & Forecast (2017-2027), By Value

7.2 Americas xEV Battery Technology Market – Featured Companies

7.3 Market Segmentation by EV Battery type (Lithium-ion Batteries, Lead Acid Batteries, NMH Battery and Others)

7.4 Market Segmentation by Vehicle Type (HEV, PHEV and BEV)

7.5 Market Segmentation by Application (Personal and Commercial)

8. European xEV Battery Technology Market: An Analysis (2017-2027)

8.1 European xEV Battery Technology Market: Size & Forecast (2017-2027), By Value

8.2 European xEV Battery Technology Market – Featured Companies

8.4 Market Segmentation by EV Battery type (Lead Acid Batteries, Lithium Ion Batteries and Others)

8.5 Market Segmentation by Vehicle Type (HEV, PHEV and BEV)

8.6 Market Segmentation by Application (Personal and Commercial)

9. Asia Pacific xEV Battery Technology Market: An Analysis (2017-2027)

9.1 Asia Pacific xEV Battery Technology Market: Size & Forecast (2017-2027), By Value

9.2 Asia Pacific xEV Battery Technology Market – Featured Companies

9.3 EV Market Segmentation by Battery type (Lithium-ion Batteries, Lead Acid Batteries NMH Battery and Others)

9.4 Market Segmentation by Vehicle Type (HEV, PHEV and BEV)

9.5 Market Segmentation by Application (Personal and Commercial)

9.6 Asia Pacific xEV Battery Technology Market: Country Analysis

10. Global xEV Battery Technology Market Dynamics

10.1 Drivers

10.2 Restrictions

10.3 Trends

11. Market Attractiveness

11.1 xEV Battery Technology Market Market Attractiveness Chart – By Battery Type, 2027

11.2 xEV Battery Technology Market Attractiveness Chart – By Vehicle Type, 2027

11.3 xEV Battery Technology Market Attractiveness Chart – By Application, 2027

11.4 xEV Battery Technology Market Attractiveness Chart – By Region, 2027

12. Competitive Landscape

Related Report:

Lead Acid Battery Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share and Forecast, 2021 – 2027

This lead acid battery market It is planned to record significant gains in the 2021-2027 timeframe due to increased consumer disposable income, rapid investments in grid infrastructure, increasing preference for personal mobility and increasing demand for reliable power supply. Adoption of lead acid batteries in electronics, photovoltaic systems, power stations will also contribute to the growth of the market. Lead-acid batteries are known to be inexpensive, convenient, and tend to work for many battery power applications. From a regional frame of reference, rising disposable income coupled with increasing consumer preference for personal mobility will accelerate the distribution of lead acid batteries in the Middle East and Africa. Meanwhile, strong demand for reliable power supply for equipment and investments in grid infrastructure will stimulate market statistics for these units in the Latin America region.

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