There is an expected growth of USD 53 billion for the electric vehicle (EV) battery market by 2025, according to Technavio..During the forecast period of five years, the market is expected to grow by $62 billion. According to the latest report, the market will grow at a CAGR of 19.8% over the next few years,.There will be a 57% increase between 2022 and 2027. There are a number of factors that are likely to influence the market growth, as well as the overall market conditions, in this report that will aid business leaders with an up-to-date analysis that includes a study of the current market scenario, the latest trends and drivers, as well as the overall market environment.. There is a degree of fragmentation in the market, and the degree of fragmentation is expected to increase during the forecast period. Ballard Power Systems Inc., A123 Systems LLC, and Ballard Power Systems Inc..The BYD Company, Inc.. Company name: Ltd..In addition to Clarios, Crown Battery Manufacturing Company also manufactures batteries.The Cummins Inc. is a subsidiary of Cummins Inc..The East Penn Manufacturing Company, Inc.. The Inc..The companies are EnerSys, Enertech International Inc., and EnerSys, Inc..The Envision Group, Exide Industries Ltd., and the Envision Group.The company is GS Yuasa Corp..It is a subsidiary of Hitachi Ltd..LG Chem Ltd., a Korean company.The OptimumNano Energy Company, Inc.. Company Limited.Panasonic Holdings Corporation, Panasonic Corporation., Samsung SDI Co., Ltd.. Limited (Ltd).The SK Innovation Co., Ltd.. Limited (Ltd.).Solid Power Inc. is a company specializing in renewable energy.As well as Tianneng Battery and Zhejiang Narada Power Source Co., Ltd.. A limited company. Among the major players in the market, there are the following:. Those in the market should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments, in order to take advantage of the opportunities that exist in the market. It only takes a few minutes for you to download the latest sample report!
It only takes a few minutes for you to download the latest sample report!
Dynamics of the market
Dynamics of the market
It is the growing demand for electric vehicles and their expanding applications that is driving the growth of the market. Over the forecast period, advances in EV technology are expected to boost the demand for battery electric vehicles (BEVs) as a result of improved charging infrastructure. As the demand for BEVs and PHEVs rises, the revenue generated by these vehicles increases as well. There are many types of EV powertrains being used in regular internal combustion engine vehicles, such as 48V systems, start-stop systems, micro-hybrid systems, and regenerative braking systems.. Due to this increased workload on the battery, there is an increased demand for battery thermal management systems (BTMS) to manage the battery. With these solutions, EVs can operate at a greater range of operating temperatures, their battery life can be extended, and their range can be expanded. During the forecast period, these factors are expected to fuel the growth of the market
During the forecast period, these factors are expected to fuel the growth of the market
A key trend in the market is the increasing use of software and sensors for intelligent battery management systems (BMS) in order to manage batteries. It is important to note that electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) have a wide array of innovative features, such as global positioning systems (GPS), modern power train systems, air conditioning systems, power windows, and displays.. As a result of all of these features, a large amount of power is consumed. As a result, there is a need for batteries that can be recharged. As electric and plug-in hybrid vehicles continue to become more popular, the use of high-power-density lithium-ion batteries has increased as well. As a result of this, battery manufacturers have increased their focus on developing high-end BMS solutions via R&D in order to keep up with the market demands. In the forecast period, such factors are expected to increase the use of EV batteries, which, in turn, will support market growth over the coming years.
In the forecast period, such factors are expected to increase the use of EV batteries, which, in turn, will support market growth over the coming years.
Battery Market for Electric Vehicles (EV) 2023-2027: Segmentation and Forecasts
It is anticipated that the lithium-ion battery segment will account for a significant share of the market growth during the forecast period.. A large part of this growth can be attributed to the high demand for lithium-ion batteries within the EV industry, as well as the declining prices of battery technology in recent years.. In order to manufacture lithium-ion batteries, a variety of combinations of anode and cathode materials are used, each of which has its own safety, cost, and performance characteristics.. During the forecast period, these factors are expected to drive the growth of the segment in the near future
During the forecast period, these factors are expected to drive the growth of the segment in the near future
Market growth is being challenged by the growing global power crisis. As the markets for hybrid electric vehicles (HEVs) and electric vehicles (EVs) are expanding globally, the demand for electricity to power EVs is increasing as well.. There are some countries, including India and Japan, that are experiencing a power crisis at the moment. Currently, more than 85% of Japan's primary energy needs are imported from abroad. Consequently, the country has become more dependent on oil imports, leading to a rise in electricity prices as a result of this. There has been a significant impact on EV sales due to the energy crisis and the rising cost of power generation. In the forecast period, these factors are expected to hinder the growth of the EV battery market due to the aforementioned factors
In the forecast period, these factors are expected to hinder the growth of the EV battery market due to the aforementioned factors
Is there anything new? -
Battery Market for Electric Vehicles (EV) 2023-2027: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the EV battery market in order to provide information on the current state of the market. Our research reports on the electric vehicle battery market include competitive intelligence and benchmarking as well as entry support, customer profiles, mergers and acquisitions, as well as go-to-market strategies.
Offerings from vendors
The Electric Vehicle (EV) Battery Market: Key Highlights for 2023-2027
Reports that are related to this one:
The light vehicle batteries market size is expected to rise by USD 34.06 billion from 2021 to 2026, and its growth momentum is expected to accelerate at a CAGR of 12.72% during this period.
It is predicted that the market for energy storage for unmanned aerial vehicles (UAVs) will grow by USD 2.26 billion from 2021 to 2026 at a compound annual growth rate (CAGR) of 17.97%.
The following are the contents of the table of contents:
It consists of 1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Segmentation of the Market by Type7 Segmentation of the Market by Vehicle Type8 Customer Landscape9 Geographic Landscape10 Drivers, Challenges, and Trends11 Company Landscape12 Company Analysis13 Appendix.
Here is a little bit about us
In the field of technology research and advisory, Technavio is one of the leading companies in the world. They conduct research and analysis that focuses on emerging market trends, providing actionable insights to businesses so that they can identify market opportunities and develop effective strategies to optimize their market position as a result. With over 500 specialized analysts, Technavio's report library is comprised of more than 17,000 reports covering 800 technologies, spanning 50 countries, and covering hundreds of technologies.. The client base of the company consists of enterprises of all sizes, including more than 100 Fortune 500 companies.. It is for this growing client base that Technavio's comprehensive coverage, extensive research, and actionable market insights are crucial to identifying opportunities in existing and potential markets and assessing their competitive positions within changing market conditions.
It is for this growing client base that Technavio's comprehensive coverage, extensive research, and actionable market insights are crucial to identifying opportunities in existing and potential markets and assessing their competitive positions within changing market conditions.
Send a message
There is a team at Technavio Research led by Jesse Maida, Media & Marketing Executive. US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected]Website: www.technavio.com/
The source of this information is Technavio
Throughout the period 2022-2027, it is expected that the enterprise content management market size will grow by USD 20.61 billion, registering a compound annual growth rate of 16.21%, according to the...
From 2022 to 2027, the global connected car market size is projected to grow by USD 172.76 billion. As a result, the market's growth momentum will accelerate at a faster pace...
Get PRN's top stories and curated news delivered weekly to your inbox when you sign up for our newsletter!

Source prnewswire