Electric Vehicle Battery Market: Current Analysis and Forecast (2021-2027)
発行: UnivDatos Market Insights Pvt Ltd
ページ情報: 英文 286 Pages
当レポートでは、世界のEV用電池の市場を調査し、市場の定義と概要、新型コロナウイルス感染症 (COVID-19) およびその他の市場影響因子の分析、法規制環境、需給動向、市場規模の推移・予測、推進区分・電池タイプ・電池容量・地域/主要国など各種区分別の内訳、競合環境、主要企業のプロファイルなどをまとめています。
Governments around the world are implementing policies to promote electric vehicles to reduce oil consumption, climate-related emissions, and local air pollution and to stake out an industrial leadership position in the new advanced technology
After a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019. Battery electric vehicles (BEVs) accounted for two-thirds of new electric car registrations and two-thirds of the stock in 2020. China, with 4.5 million electric cars, has the largest fleet, though in 2020 Europe had the largest annual increase to reach 3.2 million.
Numerous factors contributed to increased electric car registrations in 2020. Notably, electric cars are gradually becoming more competitive in some countries on a total cost of ownership basis.
Several governments provided or extended fiscal incentives that buffered electric car purchases from the downturn in car markets.
Worldwide about 370 electric car models were available in 2020, a 40% increase from 2019. China has the widest offering, reflecting its less consolidated automotive sector and that it is the world's largest EV market. But in 2020 the biggest increase in number of models was in Europe where it more than doubled.
Batteries hold a significant share in electric vehicle market. For instance, battery accounts for around 30% of total electric vehicle cost. The number of schemes and incentives are provided by government to electric vehicle manufacturers which would increase the demand of electric vehicle batteries
However, some of the restraints in the market include concerns over EV battery safety, lack of charging infrastructure, and most importantly extraction of raw material has adverse environmental effects these are some factors impeding the growth of this market all over the world
For a better understanding of the market adoption of electric vehicle battery, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of APAC), and Rest of World. Asia Pacific constitutes the largest market for the industry in 2020 owing to the fact that China already accounts for 45% of EVs on road of the world which is 2.3 million.
Some of the major players operating in the market include Panasonic Corporation, Mitsubishi Electric Corporation, LG Chem Ltd., Samsung SDI Co., Ltd., Exide Industries Ltd., BYD Company Limited, Wanxiang Group Corporation, Contemporary Amperex Technology Co. Limited, Tianneng Power International Limited, EnerSys. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.
Electric Vehicle Battery Market is projected to expand significantly with a CAGR of ~20% from 2021-2027F. Electric Vehicle Battery Market is expected to witness a boost on account of the increasing demand for EV's due to the friendly government policies.