Electric Vehicle (EV) Battery Market is Expected to Witness Healthy Growth at 25% CAGR through 2031

The global electric vehicle (EV) battery market was valued at USD 91 billion in 2020 and it is projected to reach USD 900 billion by the end of 2031

ROCKVILLE, MARYLAND, UNITED STATES, December 7, 2021 /EINPresswire.com/ -- A recent study by Fact.MR on the electric vehicle battery market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering electric vehicle battery.

The study also provides the dynamics responsible for influencing the future status of the electric vehicle battery market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

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Key Segments Covered

Power Source
Stored Electricity Electric Vehicle Battery
On-board Electric Generator Electric Vehicle Battery
Powertrain
Series Hybrid Electric Vehicle Battery
Parallel Hybrid Electric Vehicle Battery
Combined Hybrid Electric Vehicle Battery
Vehicle Type
Electric Vehicle Battery for Passenger Cars
Electric Vehicle Battery for Commercial Vehicles
Electric Vehicle Battery for Two Wheelers
Electric Vehicle Battery for Others (Golf Carts etc.)

The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of Electric Vehicle (EV) Battery.

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Some Notable Offerings by Fact.MR Report on Electric Vehicle (EV) Battery market:

Fact.MR will provide you an analysis of the extent to which this Electric Vehicle (EV) Battery market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.

Fact.MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.

Also, this report will help you to identify any trends to forecast growth rates.
The analyzed report will forecast the general tendency for supply and demand.

Report Benefits & Key Questions Answered

Electric Vehicle (EV) Battery Category and segment level analysis: Fact MR offers detailed analysis of the factors influencing the sales prospect across key segments. Electric Vehicle (EV) Battery category analysis provides deep insights into customer experiences, emerging trends and growth drivers. The vital information highlighted in this section will enable market players to make timely business decision to gain competitive advantage.

Electric Vehicle (EV) Battery Manufacturing trend analysis: A key aspect of the study is comprehensive Electric Vehicle (EV) Battery manufacturing trend analysis. These insights provide vital information on how market players are coping with latest trends that are prevailing in the market.

Innovation and acquisition activity in Electric Vehicle (EV) Battery: The report highlights in detail the various organic and inorganic strategies adopted manufacturers in order to gain a competitive edge in Electric Vehicle (EV) Battery market. Adoption of various technologies are being discussed in detail.

Competitive Landscape

In forthcoming years, manufacturers in the electric vehicle battery industry will primarily focus on strategic acquisitions, collaborations, and product introductions.

In May 2019, Panasonic Corporation announced the launch of ‘Nymbus’ – the first of its kind smart EV charging service in India. The new service combines various physical components such as charging stations, telematics systems, and others with virtual components including AI, cloud service, and analytics to deliver a one stop solution.
As more people switch to electric vehicles, Hitachi High-Tech predicts a rise in demand for used lithium-ion batteries. According to the business, the annual global market for testing batteries is expected to reach between 500 billion ($4.8 billion) and 1 trillion yen by 2030.

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Key takeaways from the Market study

Global EV battery market to expand nearly 10x by 2031
By vehicle type, demand for EV batteries across passenger cars to capture 50% of global sales
Stored electricity electric vehicle batteries to expand at over 10% CAGR
Europe likely to account for over 3 out of 10 electric vehicle battery sales
Asia to emerge as the dominant market, with China accounting for 28.3% of the revenue
India to be an opportunistic market, poised to grow at a CAGR of 15% through 2031

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How Fact.MR Assists in Making Strategic Moves For Electric Vehicle (EV) Battery Market Manufacturer?

The data provided in the Electric Vehicle (EV) Battery market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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