According to the latest report by IMARC Group, titled “China Electric Vehicle Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the china electric vehicle battery market expected to grow at a CAGR of 25% during (2021-2026).
An electric vehicle battery is a rechargeable battery used to power the electric motor of a vehicle. It assists in reducing carbon emissions, mitigating fuel dependency, controlling maintenance costs, and producing high energy per unit mass as compared to traditionally used vehicle batteries.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Trends:
Increasing sales of hybrid and electric vehicles (H/EVs) represent one of the major factors positively influencing the demand for electric vehicle batteries in China. In addition, due to the rising environmental consciousness among individuals, governing authorities in the country are introducing stringent regulations to minimize carbon emissions. They are also investing in upgrading public charging infrastructures for EVs, which is further providing a thrust to the market growth in the country. Apart from this, the integration of the Internet of Things (IoT), wireless connectivity and vehicle telematics solutions for real-time monitoring of vehicles are offering lucrative growth opportunities to industry investors.
China Electric Vehicle Battery Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
BMZ Group
BYD Company Limited
Contemporary Amperex Technology Co., Limited
GS Yuasa International Ltd
Lishen Battery
Microvast
OptimumNano Energy Co.,Ltd
Panasonic Corporation
Samsung SDI Co., Ltd
Showa Denko Materials Co., Ltd.
The report has segmented the market on the basis on battery type, vehicle type, battery capacity.
Breakup by Battery Type:
- Lead Acid Battery
- Lithium-Ion Battery
- Others
Breakup by Vehicle Type:
- Battery Electric Vehicles (BEV)
- Plug-in Hybrid Electric Vehicles (PHEV)
- Hybrid Electric Vehicles (HEV)
Breakup by Battery Capacity:
- <30 kWh
- 30-60 kWh
- >60 kWh
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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