+91 (0) 22 4056 0001 from 9 AM - 5:30 PM IST

+91 (0) 22 4056 0001 from 9 AM - 5:30 PM IST

BANGALORE, India , July 21, 2022 /PRNewswire/ -- Electric Vehicle Battery Market is segmented by Type - Lead-acid Batteries, Lithium Battery, Others, by Application - BEV, HEV, Global Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Hybrid & Alternative Vehicles Category.

The global Electric Vehicle Battery market size is estimated to be worth USD 56690 million in 2022 and is forecast to be a readjusted size of USD 302610 million by 2028 with a CAGR of 32.2% during the forecast period.

Major Factors Driving the Growth of the EV Battery Market are

Increasing demand for electric vehicles, improvement in battery technology, supportive government policies, and transition of rental fleets to EVs will fuel the growth of the market during the forecast period. 

Browse the Table of Contents and List of Figures at https://reports.valuates.com/market-reports/QYRE-Auto-30F898/global-electric-vehicle-battery

Trends Influencing the Global EV Battery Market

The effects of climate change along with alarming pollution levels in major cities have increased the demand for fuel-efficient vehicles. Rising petrol and diesel prices have shifted consumer demand toward electric vehicles. People are preferring electric-powered vehicles for travel which has given rise to huge order supplies. These factors will in turn drive the growth of the EV battery market during the forecast period. 

Battery companies and automakers are investing resources into developing cheaper, lighter, and denser batteries. Electric vehicle battery systems provide fewer emissions at lower costs than heavier or larger engines. For instance, lithium-ion batteries are compact and have higher energy densities. A full charge takes place in less than 2 to 3 hours with fast charging technology. This will drive the growth of the EV battery market in the coming years.

Government authorities around the world are investing funds into research and development projects for reducing carbon dioxide emissions from commercial vehicles. Efforts are on to decarbonize the transportation sector. For example, rental car fleets are transitioning toward EVs. Drivers are opting for electrified ride-sharing vehicles due to purchase subsidies and lower maintenance costs. This will positively impact the EV battery market during the forecast period.

Several local, state, and federal government organizations have introduced pro-EV policies. These include purchase incentives, fee reductions, competitive tenders, and green public procurement programs. Other initiatives involve preferential EV rates, direct support for charging infrastructure, and installing EV charging points for multifamily dwellings. Such factors will boost the growth of the EV battery market in the forthcoming years. 

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-30F898/Global_Electric_Vehicle_Battery_Market

EV Battery Market Share Analysis

Based on application, the HEV segment is expected to dominate in the EV battery market share as it utilizes electric drive technology that increases fuel efficiency and reduces reliance on charging stations. They are cheaper. On the other hand, the BEV segment will grow at the highest CAGR as they run fully on rechargeable battery packs and are the major consumers of EV batteries. 

Based on battery type, the lithium-ion segment will maintain the lead as it is lightweight and has a high energy density making it suitable for use in all types of electric vehicles. 

Based on region, Asia-Pacific will witness considerable growth due to rising demand for EVs in countries like China , India , and Japan owing to the shift toward clean energy sources. It is the top producer and consumer of EV batteries. 

Inquire for Customization : https://reports.valuates.com/request/customisation/QYRE-Auto-30F898/Global_Electric_Vehicle_Battery_Market

Inquire For Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-30F898/Global_Electric_Vehicle_Battery_Market

Inquire for Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-30F898/Global_Electric_Vehicle_Battery_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-30F898&lic=single-user

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

-  In 2020, the global Electric Vehicle Battery Pack market size was USD 37360 million and it is expected to reach USD 230700 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 29.7% during the forecast period 2021-2027.

-  The global Electric Vehicle Battery Recycling market size is projected to reach USD 2426.4 million by 2028, from USD 1176.3 million in 2021, at a CAGR of 10.8% during 2022-2028.

-  In 2020, the global 18650 Lithium Battery market size was USD 6346.1 million and it is expected to reach USD 7091.9 million by the end of 2027, with a CAGR of 1.6% during 2021-2027.

-  The global Lithium-Ion Battery Separator market size is estimated to be worth USD 3808.9 million in 2022 and is forecast to be a readjusted size of USD 6565.8 million by 2028 with a CAGR of 9.5% during the review period.

-  The global graphene battery market size was valued at USD 48.8 million in 2019 and is projected to reach USD 398.6 million by 2027, to register a CAGR of 31.2% during the forecast period.

-  The global Zinc-Air Batteries market size is estimated to be worth USD 418.9 million in 2022 and is forecast to a readjusted size of USD 607.8 million by 2028 with a CAGR of 6.4% during the review period.

-  The global Lithium-ion Battery Recycling market size is projected to reach USD 24930 million by 2028, from USD 2543 million in 2021, at a CAGR of 38.1% during 2022-2028.

-  In 2020, the global Battery Separator market size was USD 8218.6 million and it is expected to reach USD 18940 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 12.7% during 2021-2027.

-  The global marine battery market size was valued at USD 0.37 billion in 2021 and is projected to reach USD 1.99 billion in 2030 growing at a CAGR of 20.5%.

-  The global lithium-iron phosphate batteries market size was valued at D5.6 billion in 2020, and the lithium-iron phosphate batteries market is forecast to reach D9.9 billion by 2030 at a CAGR of 5.9% from 2021 to 2030.

-  The global lead–acid battery market size was valued at USD 39.7 billion in 2018, and is projected to reach USD 59.7 billion by 2026, growing at a CAGR of 5.24% from 2019 to 2026.

-  The global Military Battery market size is estimated to be worth USD 2113 million in 2022 and is forecast to a readjusted size of USD 2751.7 million by 2028 with a CAGR of 4.5% during the review period.

-  Industrial Batteries market size is estimated to be worth USD 6229.2 million in 2022 and is forecast to be a readjusted size of USD 8065.5 million by 2028 with a CAGR of 4.4% during the review period.

-  The global electric vehicle market was valued at USD 63.01 billion in 2020 and is projected to reach USD 823.75 billion by 2030, registering a CAGR of 18.2% from 2021 to 2030

-  The global Electric Commercial Vehicle market size is projected to reach USD 178560 million by 2027, from USD 101270 million in 2020, at a CAGR of 8.3% during 2021-2027.

-  The global evtol aircraft market size was valued at USD 45310 million in 2020 and is expected to reach USD 97370 million by the end of 2027 with a CAGR of 11.1% during 2021-2027.

-  The global Electric Scooter and Motorcycle market size is estimated to be worth USD 7885 million in 2022 and is forecast to a readjusted size of USD 12170 million by 2028 with a CAGR of 7.5% during the review period.

-  The global EV Charging Cables market is estimated to be worth USD 618.4 million in 2022 and is forecast to a readjusted size of USD 3672.2 million by 2028 with a CAGR of 34.6% during the review period.

-  The global Electric Vehicle (EV) Charging Stations market size is estimated to be worth USD 2419.2 million in 2022 and is forecast to a readjusted size of USD 12490 million by 2028 with a CAGR of 31.5% during the review period.

-  The global more electric aircraft market valued USD 1,809.20 million in 2019, and is projected to reach usd 4,612.69 million in 2027, registering a CAGR of 15.5%.

-  The global Electric Aircraft market size is projected to reach USD 9566 million by 2027, from USD 6753.8 million in 2020, at a CAGR of 4.6% during 2021-2027.

-  The global electric motor market size was valued at USD 106.3 billion in 2020 and is expected to reach USD 207.3 billion by 2030, with a CAGR of 6.7% from 2021 to 2030.

-  The global micromobility market was valued at USD 40.19 Billion in 2020, and is projected to reach USD 195.42 Billion by 2030, registering a CAGR of 17.4% from 2021 to 2030.

-  The global E-bikes market was valued at USD 40.3 Billion in 2019, and is projected to reach USD 118.6 Billion by 2030, registering a CAGR of 10.5% from 2020 to 2030.

-  The global electric kick scooter market size was valued at USD 2.10 billion in 2020, and is projected to reach USD 4.52 billion by 2028, registering a CAGR of 12.2% from 2021 to 2028.

-  Global EV Battery Reuse Market Insights, Forecast to 2028

-  Global Electric Car Battery Market Insights and Forecast to 2028

-  Global Electric Vehicle Battery Charger Market Insights, Forecast to 2028

Similar Reports related to EV battery market

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Valuates Reports [email protected]   For U.S. Toll-Free Call 1-(315)-215-3225 For IST Call +91-8040957137 WhatsApp: +91-9945648335 Website: https://reports.valuates.com Twitter - https://twitter.com/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

+91 (0) 22 4056 0001 from 9 AM - 5:30 PM IST