Electric Car Battery Market Scope
Electric car batteries are a substitute source of power for a car as compared to the traditional car battery. These batteries are really important as it prevents major source of increased global warming and other natural problems use of electricity rather than petroleum. It is having options to cool an electric car battery—with phase change material, fins, air, or a liquid coolant. This battery uses cooling options with phase change materials like fins, air, or a liquid coolant. The greater intervention from governments is focusing attention on the electrical vehicle is boosting the market. For instance, in September 2019 India has come with electric vehicle plan by considering the point of view of NITI Aayoge as pollution in the country has become a national emergency. The electric car battery is a growing part of vehicle industries due to improved technology is the driving factor of the market.
The market study is being classified by Type (Lead-Acid Batteries, Nickel Metal Hydride (Nimh) and Lithium-Ion (Li-Ion)), by Application (HEV, PHEV, BEV and FCEV) and major geographies with country level break-up.
Research Analyst at AMA predicts that Japan Manufacturers will contribute to the maximum growth of Global Electric Car Battery market throughout the predicted period.
Panasonic (Japan), Innolith (Switzerland), AESC (China), PEVE (Japan), LG Chem (South Korea), Lithium Energy Japan (Japan), Axion Power International (United States), Blue Energy Ltd (Australia), Electrovaya (Canada) and EnerDel, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Contemporary Amperex Technology (China), Samsung Sdi Co Ltd (South Korea), Sk Innovation Co Ltd (South Korea) and Tesla (United States).
AdvanceMarketAnalytics has segmented the market of Global Electric Car Battery market by Type, Application and Region.
On the basis of geography, the market of Electric Car Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
February 2019, Tesla has announced their acquisition with Maxwell technologies. The company acquired the Maxwell which aimed for helping the electric automaker to improve batteries and cost of the batteries. This deal will help to give a boost to the electric batteries in the market.
April 2019 Innolith Debuted Their Lithium-Ion Electric Car Battery With 600mile Range. This Is Switzerland Based Company Has Claimed That They Have Made the World’s First 1000 WH/Kg Rechargeable Battery. Battery With That Density Would Be Capable Of Powering An Electric Car To Run 1000 Kilometres (621 Miles) On A Single Charge. The Demand Of Carmakers Has Long Been Clamoring For The Battery To Improve The Range And Also Extended Life Spans For That Introduced These Batteries.
- Growing Fuel Prices Has Shifted Trend for Electric Vehicle
- Rising Number of Electric Vehicle in the World Boosting the Demand of Electric Car Battery
- Reduction of Fossil Fuel Reserves
- Concerns Regarding the Degradation of the Environment
- The Advances in Electric Car Battery and Associated Technologies
- Potential Hazards Related To Uncontrolled Temperature
- High Initial Cost
- Over Charging May Cause Battery Damage
Key Target AudienceGovernment Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
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