Global Electric Vehicle Battery Market Opportunity Analysis & Industry Forecast 2017-2025 - CAGR to Grow at 17.2% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 9, 2018--The “Electric Vehicle Battery Market by Propulsion Type, Battery Type and Vehicle Type - Global Opportunity Analysis and Industry Forecast, 2017-2025” report has been added to ResearchAndMarkets.com’s offering.
The global electric vehicle market was valued at $23 million in 2017 and is projected to reach at $84 million by 2025, growing at a CAGR of 17.2% from 2018 to 2025.
At present, the Asia-Pacific region dominates the global EV battery market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific EV market. Moreover, various technological advancements in electric vehicles have been in progress, owing to government initiatives, which further propels the growth.
According to Economics Times, The Ministry of Industry and Information Technology (MIIT) China has set up a trial EV battery recycle program in the greater Beijing Hebei Tianjin region, the Yangtze River, Pearl Delta River, and Central China areas to curb pollution, as on 5 March, 2018.
In the propulsion type segment, the hybrid electric vehicles dominated the market in 2017, owing to the voluminous production of hybrid electric vehicles.
Key FindingsIn 2017, the hybrid-electric vehicles sub-segment generated the highest revenue in the global electric vehicle battery market. In 2017, the passenger cars segment generated the highest revenue among the other vehicle types in the global electric vehicle battery market owing to increase in the number of passenger EV registrations. In 2017, based on battery type, the Lithium-ion battery dominated the electric vehicle battery market worldwide.
Key Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Electric Vehicle Battery Market, by Propulsion Type
Chapter 5: Electric Vehicle Battery Market, by Battery Type
Chapter 6: Electric Vehicle Battery Market, by Vehicle Type
Chapter 7: Electric Vehicle Battery Market, by Region
Chapter 8: Company ProfilesPanasonic Corporation Mitsubishi Electric Corporation LG Chem Ltd. Samsung Electronics Co. Ltd. GSR Capital (Automotive Energy Supply Corporation) BYD Company Limited (BYD Auto Co. Ltd.) Wanxiang Group Corporation Beijing Pride Power Battery Technology Co. Ltd. Tianneng Power International Limited Enersys (Quallion LLC)
For more information about this report visit https://www.researchandmarkets.com/research/bwqdqz/global_electric?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180809005474/en/
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Related Topics:Automotive Batteries,Electric and Hybrid Vehicles,Engines and Engine Parts
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 08/09/2018 10:08 AM/DISC: 08/09/2018 10:08 AM