Electric Vehicle Battery Pack Market Scope
The number of electric vehicles (EVs) has steadily increased over the last several decades. The lithium-ion (Li-ion) battery, which provides the essential energy storage, lies at the heart of these modern vehicles. With greater drive range per recharge, EVs are becoming more popular. High energy density, power density, cycle life, safety, and cheap cost are all desirable characteristics of electric vehicle batteries. New cell chemistries are being developed in order to make batteries smaller, lighter, and capable of storing enough energy for EVs to compete with traditional vehicles. Lithium-ion batteries are the most common EV batteries on the market right now. Lithium-ion refers to a large group of cell chemistries defined by the cathode material and the transfer of lithium ions between electrodes during charge/discharge events. and .
The Electric Vehicle Battery Pack market study is segmented and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Japanese Manufacturers will contribute to the maximum growth of Global Electric Vehicle Battery Pack market throughout the predicted period.
Contemporary Amperex Technology Co., Limited. (China), Samsung SDI Co (South Korea), Panasonic Corporation (Japan), BYD Company Ltd. (China), Primearth EV Energy Co., Ltd. (Japan), Lithium Energy Japan Corporation (Japan), Vehicle Energy Japan Co. Ltd. (Japan), Toshiba Corporation (Japan), Mitsubishi Corporation (Japan) and ENVISION AESC Group Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are LG Chem Ltd. (South Korea), GS Yuasa Corporation (Japan), A123 Systems, LLC (United States), Exide Industries Limited (India) and SK Innovation Co (South Korea).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Electric Vehicle Battery Pack market by Type, Application and Region.
On the basis of geography, the market of Electric Vehicle Battery Pack 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
On 21st December, 2018 - Samsung SDI Acquired Additional 15% Stake in Samsung-ARN China. Samsung SDI's Purchase of a Share in The Xian Subsidiary Is Part of The Company's Ambition to Construct a Second Battery Factory. Samsung SDI Aims to Tighten Its Grip Over the Xian Subsidiary's Management as Production and Sales Grow.
On 15th August, 2020 – Contemporary Amperex Technology Co., Limited. (CATL) Announced Development of New EV Battery With No Nickel, Cobalt. CATL is a Leading Supplier to EV Giant Tesla, Toyota Motors, Honda Motors and Volkswagen AG. The New Batteries Are Designed to Cut Manufacturing Costs Due to Scarcity of Nikel, and Cobalt. and On 9th April, 2021 - BYD Introduced Four Bevs Fitted with The Blade Battery. With up to 110 kW Direct Current, The New Tang EV Should Be Able to Charge From 30 to 80 Percent In 30 Minutes. The 30 Minutes Aren't Directly Comparable to Other Manufacturers' Standards, As It Is Only Charging At 50% Capacity.
- High Investment in Battery Technology
- Surge in Demand for Electric Vehicles Globally
- Increasing Application Across Different Industry Verticals
- Increasing Electronics Infrastructure Across Emerging Regions
- High Initial Investment
- Technological Limitations
- Raw Material Price Fluctuation
Key Target AudienceElectric Vehicle Battery Pack Manufactures, New Entrants and Investors, Electric Vehicle Battery Pack Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Electric Vehicle Battery Pack Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.