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Electric Vehicle Battery Pack Market 2021

Friday, 14 January 2022, 7:14 am
Press Release: WiredRelease

Electric Vehicle Battery Pack Market 2021: Global Key Players, Trends, Share, Market Size, Segmentation, Opportunities, Forecast To 2031

According to new research study of MarketResearch.Biz The global electric vehicle battery pack market was valued at US$ 61,720.2 million in 2017, and is expected to register a CAGR of over 13%.The emergence of Lithium-ion technology has fueled the growth rate for batteries over the last two decades. While initial hybrid vehicles used Nickel Metal Hydride (NiMH) batteries, Li-ion batteries have been the primary solutions for automakers to power plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). High-energy density, charge retention capacity, and low maintenance are some of the benefits that have accelerated the growth of Li-ion as a battery technology. Automobile manufacturers introducing BEVs and PHEVs in the EV battery market are further enhancing the technology and are anticipated to offer Li-ion powered solutions as a primary power source in their vehicles.

To order a sample copy of the Electric Vehicle Battery Pack Market, please click here: https://marketresearch.biz/report/electric-vehicle-battery-pack-market/request-sample/

A battery is used as a secondary power source in automobiles. An electric vehicle battery is a secondary (rechargeable) battery. It uses chemical energy stored in rechargeable battery packs for power and therefore does not require any combustion engine for propulsion. An electric vehicle battery or traction battery powers the propulsion of battery electric vehicles.

Major Key players of Industry:

Panasonic Corp.
Contemporary Amperex Technology Co., Ltd.
OptimumNano Energy Co., Ltd.
LG Chem Ltd.
Guoxuan High-Tech Co., Ltd.
Tianjin Li Shen Battery Co., Ltd.
Automotive Energy Supply Corporation
SAMSUNG SDI CO., LTD.
Lithium Energy Japan
Primearth EV Energy Co., Ltd.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

Global Electric Vehicle Battery Pack Market Segmentation:

Global electric vehicle battery pack segmentation, by type:

Lithium-Ion Battery
NI-MH Battery
Other

Global electric vehicle battery pack segmentation, by application:

PHEVs
BEVs

Global electric vehicle battery pack segmentation, by region:

North America
Europe
Asia Pacific
South America
Middle East & Africa

In the recent years, consumers are more inclined toward battery electric/plug-in vehicles, because these vehicles run without fuel, such as petrol, diesel, and gasoline and have lower maintenance cost, which eventually reduces consumers’ expenses.

You can ask questions about the study or express your concerns about it here:

https://marketresearch.biz/report/electric-vehicle-battery-pack-market/#inquiry

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.