Global Electrical Vehicle Battery Market

Report Scope:. This report provides an analysis of the global market for electric vehicle batteries.Using 2022 as the base year, the report provides estimated market data for 2023 through 2028.

New York, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Electrical Vehicle Battery Market" - https://www.reportlinker.com/p06482970/?utm_source=GNW This report also offers insights on drivers and opportunities for the market, which were gathered through primary and secondary research. It also covers various market factors, including COVID-19 impact, the Russia-Ukraine war, Porter’s five forces, use case analysis, and the regulatory landscape.The report has been prepared in a simple, easy-to-understand format, with some tables and charts/figures.The report’s scope includes a detailed study of global and regional markets for battery type, propulsion, vehicle type, method, battery capacity, battery form, and material type.The qualitative and quantitative data of all segments are provided in the report. The report examines each segment, determines its current market size, and estimates its future market size with compound annual growth rates (CAGR).The report also provides detailed profiles of the significant electric vehicle battery players and their strategies to enhance their market presence. The report also includes a competitive landscape chapter that discusses the market ecosystem of the top electric vehicle battery provider in 2022.Report Includes:- 47 data tables and 51 additional tables- An overview of the global markets for electrical vehicle battery- Estimation of market size and analyses of global market trends, with data from 2022, estimates for 2023 and 2024, and projections of compound annual growth rates (CAGRs) through 2028- Highlights of the market potential and characterization of electrical vehicle battery market by battery type, propulsion, vehicle type, method, battery capacity, battery form, material type and region- Insights into government initiatives, laws, and incentives to encourage electric vehicle usage and information on significant improvements in battery chemistry, materials, and manufacturing techniques- Description of gigafactories, the companies who run them and discussion on how they help in improving battery production capacity resulting in low cost and easy availability of EV batteries- Coverage of emerging technologies and developments of the industry- Evaluation of key industry acquisitions and strategic alliances and market share analysis of the leading suppliers of the industry- Profiles of the key companies of the industry, including BYD Co. Ltd., LG Chem, Mitsubishi Corp., Panasonic Holdings Corp. and Toshiba Corp.Summary:Due to their high energy density by weight, lithium-ion and lithium-polymer batteries are the most prevalent battery types in modern electric vehicles.Nickel-cadmium, nickel-metal hydride, lead-acid (and, less frequently, zinc-air and sodium nickel chloride) batteries are also used in electric vehicles.The quantity of energy stored in batteries is expressed in ampere-hours or coulombs, with the overall amount of energy frequently expressed in kilowatt-hours.Consumer electronics, laptop computers, mobile phones, and power tools have driven innovations in lithium-ion battery equipment.These performance and energy density advancements have benefited the BEV and HEV markets.Unlike previous battery chemistries, particularly that of nickel-cadmium, the chemistry of lithium-ion batteries enables them to be discharged and recharged regularly and at any level of charge.As the market for electric vehicles increases, the supply of second-life batteries increases.Forecasts from university studies and trade reports approximate a range of REDACTED-REDACTED GWh per year of second-life batteries becoming accessible by 2030 globally.After 8 to 12 years in a vehicle, the lithium batteries utilized in EVs are expected to hold more than two-thirds of their operational energy storage. Changing their condition, used EV batteries can serve an additional 5-8 years of service in a secondary application.The capability of a battery to preserve and quickly discharge electricity degrades with use. Constant consumption of the maximum storage capacity of the battery, rapid charge and discharge cycles, and exposure to high temperatures are all likely to reduce battery performance.Given the light-duty cycles suffered by EV batteries, some modules with minimal degradation and absent defects or damage could likely be refurbished and reused immediately as a substitute for the exact model vehicle.Leading car manufacturers, including Nissan and Tesla, have suggested rebuilding or refurbishing battery packs for buying or warranty replacement of original battery packs in EVs.The economics of second-life battery storage also depends on the cost of the repurposed system competing with new battery storage. To be used as stationary storage, used batteries must undergo numerous processes that are presently costly and time intensive.The COVID-19 outbreak and Russia-Ukraine war have disrupted global supply chains, particularly in the automotive industry.Soon, delays in EV delivery to clients may stifle sales growth in some countries.However, in the long run, government and business efforts to electrify transportation are laying a solid foundation for future EV sales growth.Read the full report: https://www.reportlinker.com/p06482970/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________