#PHEV Cells Market Cagr

[sharmapooja1234]

Growing Demand Of PHEV Cells Market By 2029 With Top Key Players Like LG, Panasonic, Samsung

The PHEV Cells Market research delivers comprehensive research on the present stage of the market, covers market size with respect to assessment as sales volume, and provides a precise forecast of the market scenario over the estimated period. Also focuses on the product, application, manufacturers, suppliers, and regional segments of the market. PHEV Cells report research highlights market driving factors, an overview of the market growth, industry size, and market share. Since this PHEV Cells report depicts the constantly evolving needs of clients, vendors, and purchasers in different regions, it becomes simple to target specific products and generate large revenues in the global market.

“The Market For PHEV Cells Market Is Expected to Reach Rise at A CAGR Of 10% During the Forecast Period.”

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Top Key Players are covered in this report:

LG, Panasonic, Samsung, LEJ, BYD, CATL, SK, SVOLT Energy, Hengyuan, Farasis Energy, EVE Energ

On the Basis of Product, the PHEV Cells Market Is Primarily Split Into

8-10kwh

    10-15kwh

    15-20kwh

    20-30kwh

    Above 30kwh

On the Basis of End Users/Application, This Report Covers

Micro Hybrid Vehicle

    Mild Hybrid Vehicle

    Moderate Hybrid Vehicle

    Heavy Duty Hybrid Vehicle

 

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico

-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe

-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC

-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America

-The Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

Major Highlights of the PHEV Cells Market report study:

A detailed look at the global PHEV Cells Industry

The report analyzes the global PHEV Cells market and provides its stakeholders with significant actionable insights

The report has considered all the major developments in the recent past, helping the users of the report with recent industry updates

The report study is expected to help the key decision-makers in the industry to assist them in the decision-making process

The study includes data on PHEV Cells market intelligence, changing market dynamics, current and expected market trends, etc.

The report comprises an in-depth analysis of macroeconomic and microeconomic factors affecting the global PHEV Cells market

Market Ecosystem and adoption across market regions

Major trends shaping the global PHEV Cells market

Historical and forecast size of the PHEV Cells market in terms of Revenue (USD Million)

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Market Segment Analysis:

The PHEV Cells Report provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analyzed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.

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The Research covers the following objectives:

– To study and analyze the Global PHEV Cells consumption by key regions/countries, product type and application, history data from 2016 to 2022, and forecast to 2028.

– To understand the structure of PHEV Cells by identifying its various sub-segments.

– Focuses on the key global PHEV Cells manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, Porter’s five forces analysis, SWOT analysis and development plans in the next few years.

– To analyze the PHEV Cells with respect to individual growth trends, future prospects, and their contribution to the total market.

– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

– To project the consumption of PHEV Cells submarkets, with respect to key regions (along with their respective key countries).

Report Customization:

PHEV Cells, the report can be customized according to your business requirements as we recognize what our clients want, we have extended 25% customization at no additional cost to all our clients for any of our syndicated reports.

In addition to customization of our reports, we also offer fully tailored research solutions to our clients in all industries we track.

Our research and insights help our clients in identifying compatible business partners.

Note: All of the reports that we list have been tracking the impact of COVID-19 on the market. In doing this, both the upstream and downstream flow of the entire supply chain has been taken into account. In addition, where possible we will provide an additional COVID-19 update report/supplement to the report in Q3, please check with the sales team.

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[market91526]

In 2022, the global Electric Vehicle Battery Market was valued at USD 50.5 Billion. Between 2023 and 2032, this market is estimated to register the highest CAGR of 26.5%. It is expected to reach USD 500 billion in the forecast period. The Electric Vehicle Battery Market refers to the industry focused on the development, production, and distribution of batteries specifically designed for electric vehicles. These batteries are primarily lithium-ion based due to their high energy density, long cycle life, and relatively low weight. The market is driven by the increasing adoption of electric vehicles worldwide, fueled by growing environmental concerns, government regulations, and advancements in battery technology that enhance energy storage capacity, reduce costs, and improve charging times. Key players in this market include Tesla, LG Chem, Panasonic, and CATL, who are continually innovating to meet the rising demand for more efficient and sustainable energy solutions. Market Key Players:

ATLASBX Co.

Sony

Hitachi

NEC Corporation

Panasonic Corporation

TCL Corporation

Huanyu New Energy Technology

Duracell

NorthStar

Crown Battery Manufacturing

GS Yuasa Corp

East Penn Manufacturing Co.

C&D Technologies, Inc.

B. Battery Co., Ltd.

Narada Power Source Co., Ltd.

CSB Battery Company Ltd.

EnerSys, Inc.

Coslight Technology International Group Co., Ltd.

Zibo Torch Energy Co., Ltd.

Other Key Players

Click here for request a sample : https://market.us/report/electric-vehicle-battery-market/request-sample/ Battery Type Analysis:

The lithium-ion battery segment leads global market growth due to its high energy density and lightweight nature, making it ideal for automotive applications, particularly hybrid and electric vehicles. Other battery types, such as lead-acid, nickel-metal hydride, and sodium-ion, serve specific applications. Lead-acid batteries, for instance, are favored where weight is not a critical factor and cost-efficiency is prioritized, providing a viable alternative to lithium-ion batteries in certain scenarios.

Vehicle Type Analysis:

Battery Electric Vehicles (BEVs) dominate the market growth globally, holding the largest market share during the forecast period. This surge is driven by the cost savings and zero carbon emissions associated with BEVs, alongside continuous technological advancements that reduce battery costs. The zero-emission benefit and the absence of toxic gas emissions are significant factors propelling the market’s expansion.

Key Market Segments:

Based on the Battery Type

Lead Acid Battery

Nickel-Metal Hydride Battery

Lithium-Ion Battery

Others

Based on Vehicle Type

Battery Electric Vehicle (BEV)

Plug-In Hybrid Electric Vehicle (PHEV)

Hybrid Electric Vehicle (HEV)

Driving Factors:

The global growth of the electric vehicle market is driven by the significant reduction in lithium-ion battery costs, which have dropped from $1,000 to $200 per kWh due to advancements in battery pack and cell chemistry. Lithium-ion batteries dominate the rechargeable battery market with a 70% share. Additionally, stringent government fuel economy regulations and subsidies to reduce vehicle emissions are bolstering the shift towards electric vehicles, highlighting their importance over fuel-based automobiles in terms of lower emissions and renewable energy potential.

Restraining Factors:

The growth of the electric vehicle market is hindered by a lack of charging infrastructure and the limited availability of essential minerals like nickel, graphite, and cobalt, which are geographically concentrated. This supply shortfall, coupled with the high cost of installing charging stations, especially in emerging economies, poses significant challenges. The insufficient charging infrastructure could decrease electric vehicle adoption rates, despite the low per-charge cost.

Growth Opportunity:

A major growth opportunity in the electric vehicle market is the adoption of battery-swapping and Battery-as-a-Service (BaaS) models. These innovations allow users to quickly replace discharged batteries, enhancing convenience and reducing downtime. Such solutions can significantly increase consumer adoption of electric vehicles by addressing charging time concerns and improving overall customer satisfaction.

Latest Trends:

The development of advanced battery chemistries, such as lithium-nickel-manganese-cobalt-oxide (NMC), is a significant trend in the electric vehicle market. These new chemistries offer higher energy density and longer life cycles compared to traditional materials, driving the market forward. The continuous adoption of these advanced battery technologies underlines a positive trend, promoting further market growth globally.

[priyanshisingh]

New Energy Vehicles Market Overview: Growth Factors and Future Trends (2023-2032)

The global demand for New Energy Vehicles was valued at USD 45,2451.2 Million in 2023 and is expected to reach USD 29,58,476.4 Million in 2032, growing at a CAGR of 23.20% between 2024 and 2032.

New energy vehicles (NEVs) are rapidly transforming the global automotive landscape, driven by the need for sustainable and environmentally friendly transportation solutions. These vehicles, which include electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles, are gaining popularity due to their ability to significantly reduce greenhouse gas emissions and reliance on fossil fuels. Governments worldwide are implementing stringent emissions regulations and offering incentives such as tax rebates, subsidies, and infrastructure development to promote the adoption of NEVs. Advances in battery technology, particularly in terms of energy density and charging speed, are enhancing the performance and appeal of electric vehicles, making them a viable alternative to traditional internal combustion engine (ICE) vehicles.

Moreover, the expanding network of charging stations and the integration of smart grid technology are addressing range anxiety and improving the convenience of owning an NEV. As consumer awareness of environmental issues increases, so does the demand for cleaner and more efficient transportation options. Major automotive manufacturers are investing heavily in research and development to bring innovative NEV models to market, catering to a growing segment of eco-conscious consumers.

New Energy Vehicles Market Key Findings of Study:

Rapid Market Growth: The NEV market is experiencing significant growth, with a substantial increase in sales year-over-year driven by rising consumer demand for environmentally friendly transportation options.

Government Support and Incentives: Various government initiatives, including subsidies, tax rebates, and stringent emission regulations, are propelling the adoption of NEVs globally.

Technological Advancements: Innovations in battery technology, such as increased energy density and faster charging capabilities, are enhancing the performance and appeal of electric vehicles.

Infrastructure Development: The expanding network of charging stations and advancements in smart grid technology are reducing range anxiety and making NEVs more convenient for consumers.

Environmental Benefits: NEVs significantly reduce greenhouse gas emissions and reliance on fossil fuels, contributing to global efforts to combat climate change and improve air quality.

Market Segmentation: The NEV market is segmented into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles, each with distinct growth trajectories and technological developments.

Increasing Consumer Awareness: Growing consumer awareness of environmental issues and the benefits of NEVs is driving demand, with a notable shift towards cleaner and more efficient transportation options.

Rising Investments: Major automotive manufacturers and new entrants are investing heavily in NEV research and development, leading to a diverse range of innovative models entering the market.

Economic Impact: The NEV market is creating new economic opportunities, including job creation in manufacturing, infrastructure development, and ancillary services such as battery recycling and maintenance.

Regional Variations: The adoption rate of NEVs varies by region, with China, Europe, and North America leading the market due to supportive policies, robust infrastructure, and high consumer acceptance.

Challenges and Opportunities: While the NEV market presents significant growth opportunities, challenges such as high initial costs, battery disposal, and supply chain constraints need to be addressed for sustained growth.

Competitive Landscape: The market is highly competitive, with established automakers and new entrants vying for market share, leading to increased innovation and competitive pricing strategies.

Key Players

Toyota Kirloskar Motor (India)

Nissan (Japan)

Tesla (U.S.)

Mitsubishi Electric Corporation (Japan)

General Motors (U.S.)

Ford Motor Company (U.S.)

BMW AG (Germany)

Renault (France)

AB Volvo (Sweden)

Daimler AG (Germany)

Volkswagen (Germany)

Honda Motor Company (Japan)

Fiat Automobiles (Italy)

BYD Company Ltd (China)

CHERY (China)

More About Report- https://www.credenceresearch.com/report/new-energy-vehicles-market

New Energy Vehicles Market Regional Insights:

China:

Market Leadership: China is the largest market for new energy vehicles, driven by strong government support, including subsidies, tax incentives, and policies favoring NEV adoption.

Infrastructure Development: The country has a well-developed charging infrastructure, with significant investments in expanding the network further.

Domestic Brands: Local manufacturers such as BYD, NIO, and Xpeng are leading the market, benefiting from supportive policies and a large consumer base.

Europe:

Regulatory Environment: Stringent emissions regulations and ambitious targets for reducing carbon footprints are major drivers of NEV adoption in Europe.

Government Incentives: Various countries offer generous incentives, including subsidies, tax breaks, and exemptions from certain taxes and fees.

Market Growth: Key markets like Germany, Norway, and the Netherlands are seeing rapid growth in NEV sales, with a strong focus on both BEVs and PHEVs.

North America:

United States: The U.S. is witnessing increasing NEV adoption, particularly in states like California, which has stringent emissions standards and robust incentives.

Infrastructure Expansion: Efforts are underway to expand the charging infrastructure, supported by both federal and state initiatives.

Market Players: Companies like Tesla dominate the market, while traditional automakers are ramping up their NEV offerings.

Asia-Pacific (excluding China):

Emerging Markets: Countries like Japan, South Korea, and India are emerging as significant players in the NEV market, with supportive government policies and growing consumer interest.

Technological Advancements: Japan and South Korea are known for their advancements in battery technology and hydrogen fuel cell vehicles, contributing to market growth.

Investment in Infrastructure: These countries are investing in charging and hydrogen refueling infrastructure to support NEV adoption.

Latin America:

Early Stages: The NEV market in Latin America is in its early stages, with Brazil and Mexico leading the way.

Government Initiatives: There are increasing government initiatives to promote NEVs, including tax incentives and infrastructure development.

Challenges: Despite growing interest, challenges such as high vehicle costs and limited charging infrastructure remain.

Middle East and Africa:

Slow Adoption: NEV adoption is relatively slow in this region, primarily due to lower consumer awareness and limited government incentives.

Potential Growth: There is potential for growth, especially in countries like the UAE and South Africa, where governments are beginning to introduce supportive policies.

Infrastructure Development: Efforts to develop charging infrastructure are underway, which will be crucial for future market expansion.

Segmentation

Electric Vehicles (EVs):

Battery Electric Vehicles (BEVs)

Plug-in Hybrid Electric Vehicles (PHEVs)

Fuel Cell Electric Vehicles (FCEVs)

Hybrid Vehicles:

Hybrid Electric Vehicles (HEVs)

Micro-Hybrid Vehicles

Full Hybrid Vehicles

Energy Source:

Battery Electric Vehicles (BEVs)

Fuel Cell Electric Vehicles (FCEVs)

Plug-in Hybrid Electric Vehicles (PHEVs)

Vehicle Type:

Passenger Cars

Commercial Vehicles

Two-Wheelers

Specialty Vehicles

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[spookysaladchaos]

Global Top 8 Companies Accounted for 85% of total Lithium Battery for Passenger Car market (QYResearch, 2021)

The global passenger xEV (BEVs, PHEVs, HEVs) battery market is currently doubling year-over-year, reaching staggering new levels. Following a blistering fourth quarter, 2021 saw a record 286.1 GWh of passenger EV battery capacity deployed onto roads globally, a remarkable 101.5% increase over 2020 as EV sales, especially battery electric vehicle (“BEV”) and plug-in hybrid electric vehicle (“PHEV”) sales, surged year-over-year.

According to the new market research report “Global Lithium Battery for Passenger Car Market Report 2023-2029”, published by QYResearch, the global Lithium Battery for Passenger Car market size is projected to reach USD 150.68 billion by 2029, at a CAGR of 18.5% during the forecast period.

Figure.   Global Lithium Battery for Passenger Car Market Size (US$ Million), 2018-2029

Figure.   Global Lithium Battery for Passenger Car Top 8 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

The global key manufacturers of Lithium Battery for Passenger Car include CATL, LG Energy Solution, etc. In 2022, the global top three players had a share approximately 85.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[vijukumar]

Electric Vehicle Market Value, Size, Growth, Trends, EV Industry

The global automotive landscape is undergoing a revolutionary transformation, with the rise of Electric Vehicles (EVs) emerging as a key driving force. This paradigm shift has led to a dynamic Electric Vehicle Market, reshaping the entire automotive industry. In this blog, we will explore various facets of the Electric Vehicle Market, including its industry analysis, market share, trends, challenges, growth factors, and key players.

Electric Vehicle Market Overview:

The Electric Vehicle Market has witnessed unprecedented growth in recent years, propelled by a growing awareness of environmental sustainability and advancements in technology. The global electric vehicle market size was valued at USD 384.65 billion in 2022 and is projected to grow from USD 500.48 billion in 2023 to USD 1,579.10 billion in 2030, exhibiting a CAGR of 17.8% during the forecast period. The Asia-Pacific region dominated the global EV market with a share of 50.97% in 2022. The market encompasses a spectrum of electric vehicles, including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs).

Electric Vehicle Industry Analysis:

The Electric Vehicle Industry has become a focal point for both established automotive giants and innovative startups. With governments worldwide promoting sustainable mobility solutions, the industry is experiencing a surge in demand and investments. The shift towards electric mobility is not only driven by environmental concerns but also by the desire to reduce dependency on traditional fossil fuels.

Electric Vehicle Market Share:

The market share of Electric Vehicles has been steadily climbing, reflecting a changing consumer mindset. Governments incentivizing EV adoption, coupled with a growing charging infrastructure, have contributed to the increased market share. Key players are vying for a larger slice of the market, intensifying competition and fostering innovation.

Electric Vehicle Market Forecast:

The future of the Electric Vehicle Market looks promising, with robust forecasts predicting substantial growth. As battery technology improves, costs decrease, and range anxiety diminishes, more consumers are expected to make the switch to electric vehicles. The market forecast indicates a transformative period for the automotive industry.

Electric Vehicle Market Size:

The size of the Electric Vehicle Market has expanded significantly, driven by factors such as increasing consumer awareness, supportive government policies, and a surge in research and development activities. The market's size is not only a reflection of the number of electric vehicles on the road but also an indicator of the evolving ecosystem surrounding electric mobility.

Electric Vehicle Market Trends:

Several trends are shaping the Electric Vehicle Market, including advancements in battery technology, the integration of smart and connected features, and the rise of electric SUVs. Additionally, a shift towards a circular economy, where the emphasis is on recycling and sustainability, is gaining traction within the industry.

Challenges in Electric Vehicle Market:

While the Electric Vehicle Market is on an upward trajectory, it faces its set of challenges. These include concerns related to charging infrastructure, high initial costs, and the environmental impact of battery production and disposal. Addressing these challenges is crucial for the sustained growth of the Electric Vehicle Market.

Competitive Analysis Electric Vehicle Market:

The competitive landscape of the Electric Vehicle Market is evolving rapidly. Established automotive manufacturers, tech companies, and new entrants are all vying for a share of the market. Understanding the competitive dynamics is essential for companies to formulate effective strategies and stay ahead in this dynamic industry.

Electric Vehicle Business Entry Strategy:

Entering the Electric Vehicle Market requires a well-thought-out strategy. Companies need to consider factors such as market saturation, regulatory landscape, consumer preferences, and technological advancements. A carefully crafted entry strategy is crucial for success in this rapidly evolving industry.

Electric Vehicle Market Competitors:

The Electric Vehicle Market is witnessing intense competition among various players. Established automakers are facing competition from new entrants focused on electric mobility. This competition is driving innovation and compelling companies to differentiate themselves through technology, design, and sustainability.

Electric Vehicle Market Growth Factors:

Several factors are driving the growth of the Electric Vehicle Market. Government incentives, environmental consciousness, advancements in battery technology, and a growing charging infrastructure are key contributors. Understanding these growth factors is essential for stakeholders aiming to capitalize on the expanding market.

Electric Vehicle Market Revenue:

As the Electric Vehicle Market expands, revenue figures are scaling new heights. Revenue streams include not only vehicle sales but also charging infrastructure, maintenance services, and collaborations with energy providers. The diversification of revenue sources is indicative of the industry's maturation.

Emerging Players in Electric Vehicle Market:

The Electric Vehicle Market has seen the emergence of new players, often startups bringing fresh perspectives and innovative solutions. These emerging players play a crucial role in shaping the industry's future, introducing disruptive technologies and challenging established norms.

Opportunities in Electric Vehicle Market:

The Electric Vehicle Market is rife with opportunities for businesses across the value chain. From manufacturing components to developing charging infrastructure and providing software solutions, various sectors can capitalize on the growing demand for electric mobility. Identifying and seizing these opportunities is essential for sustained success.

Top Players in Electric Vehicle Market:

Several companies have established themselves as leaders in the Electric Vehicle Market. These include both traditional automotive giants that have embraced electric mobility and new entrants that have quickly gained prominence. Understanding the strategies and innovations of these top players provides valuable insights into the industry's direction.

Conclusion:

The Electric Vehicle Market is at the forefront of a transformative era in the automotive industry. With technological advancements, changing consumer preferences, and a global push towards sustainability, the electric mobility revolution is well underway. Stakeholders, from manufacturers to consumers, must navigate this dynamic landscape, adapting to trends, addressing challenges, and capitalizing on the myriad opportunities presented by the Electric Vehicle Market.

[sudeepkedar]

Vehicle-to-Grid Technology Market Trends, Analysis & Forecast, 2032

Vehicle-to-Grid Technology Market is estimated to register a CAGR of over 50% from 2024 to 2032. The rising R&D efforts for turning V2G technology more efficient, cost-effective, and scalable will influence the industry growth. Increasing advances in battery technology and energy management systems have led to the development of more robust solutions. In recent years, the focus on scaling up V2G infrastructure to accommodate a larger number of electric vehicles (EVs) has substantially amplified. The transition of commercial V2G projects from pilot programs to broader implementation will also play a pivotal role in the market expansion.

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V2G technology market share from the fuel cell vehicles (FCVs) segment is expected to exponentially expand between 2024 and 2032. FCVs help store energy in the form of hydrogen, further potentially providing additional flexibility in energy storage for V2G systems. Hydrogen fueling stations for FCVs provide fast refueling to ensure return to the road promptly after supporting the grid, proving advantageous for vehicles engaged in V2G activities. The rise in incentives for FCV adoption along with the increased V2G participation is encouraging the development of necessary infrastructure and technologies, adding to the segment growth.

The domestic application segment is expected to record considerable share of the V2G technology industry by 2032. The growth can be attributed to the increasing penetration of vehicle-to-grid technology for the development of residential microgrids as it allows homeowners to operate independently from main grid during certain periods. The technology also offers cost savings for homeowners and better grid management by allowing EV owners to charge their vehicles during off-peak hours when electricity rates are lower and discharge energy back to the grid during peak hours. Rising usage as emergency backup power sources for homes during power outages is another important trend driving the technology application outlook.

Asia Pacific vehicle-to-grid technology industry size is anticipated to reach USD 28.7 billion by the end of 2032, propelled by the rising rate of smart grid development in the region. The growing adoption of EVs mainly in China, Japan, and South Korea is enhancing the need for V2G systems to offer improved grid stability and energy management. As per IEA (International Energy Agency), the BEV sales in China surged by 60% relative to 2021 for reaching 4.4 million while the PHEV sales almost tripled to 1.5 million in 2022. The increasing government support through supportive policies, incentives, and regulations will also prove favorable for the regional market expansion.

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Some of the prominent vehicle-to-grid technology companies include ABB Ltd, AC Propulsion, Inc, Denso Corporation, Edison International, Engie Group, Groupe Renault, Hitachi Ltd, Honda Motor Co., Ltd, Mitsubishi Motors Corporation, Nissan Motor Corporation, NRG Energy Inc, Nuvve Corporation, OVO Energy Ltd, and Toyota Shokki. These industry players are working on various collaboration-based strategies to meet the rising consumer and end-user needs whilst widening their global presence. To quote an instance, in December 2022, Toyota disclosed its new partnership with Texas-based distribution electric utility frontrunner Oncor Electric Delivery for exploring the benefits of V2G EV technology for drivers and the grid.

Partial chapters of report table of contents (TOC):

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid vehicle types

1.4.2.2    Public vehicle types

Chapter 2   Executive Summary

2.1    Vehicle-to-Grid (V2G) technology market 3600 synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2024-2032

2.3    Regional trends

2.4    Component trends

2.5    Charging type trends

2.6    Vehicle type trends

2.7    Application trends

Chapter 3   Vehicle-to-Grid (V2G) Technology Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier landscape

3.2.1    Charging infrastructure providers

3.2.2    Grid operators

3.2.3    V2G service providers

3.2.4    Technology providers

3.2.5    End users

3.3    Profit margin analysis

3.4    Technology innovation landscape

3.5    Patent analysis

3.6    Key news and initiatives

3.7    Regulatory landscape

3.8    Impact forces

3.8.1    Growth drivers

3.8.1.1   Supportive government regulations and financial incentives for V2 G deployment

3.8.1.2    Growing adoption of electric vehicles across the globe

3.8.1.3    Rising urbanization and industrialization

3.8.1.4   Ongoing technological advancements in V2 G technology

3.8.2    Industry pitfalls & challenges

3.8.2.1    High cost associated with upgrading existing charging infrastructure

3.8.2.2    Lack of standardized charging infrastructure

3.9    Growth potential analysis

3.10    Porter's analysis

3.11    PESTEL analysis

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[chemicalmarketwatch-sp]

Revolutionizing the Rubber Realm: A Deep Dive into the Thriving EPDM Market Landscape

In the ever-evolving landscape of the global market, the Ethylene Propylene Diene Monomer (EPDM) industry is poised for significant growth. According to the latest report, the EPDM Market is estimated to be USD 3.6 billion in 2022 and is projected to reach USD 4.8 billion by 2027, reflecting a noteworthy Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period from 2022 to 2027.

EPDM Market Overview

EPDM, a versatile synthetic rubber, finds its applications across diverse sectors, including Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wires & Cables, and Lubricant Additives. Automotive, in particular, emerges as the major driver of the EPDM market, contributing significantly to its growth. As the automotive sector experiences a robust recovery in the Asia-Pacific (APAC) region, the demand for EPDM is expected to surge.

Key Insights and Opportunities

The automotive application holds the largest share in the EPDM market, with China playing a pivotal role. The country's focus on developing new energy vehicles (NEVs), encompassing Fuel Cell Electric Vehicles (FCVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Battery Electric Vehicles (BEVs), is a key catalyst for the increased usage of EPDM in the automotive industry. According to the China Association of Automobile Manufacturers (CAAM), the total production of cars in 2021 witnessed a 3% year-on-year increase.

Additionally, the growing demand for electric and hybrid vehicles presents new opportunities in the EPDM market. The development of eco-friendly technologies for EPDM production aligns with the global shift towards sustainable practices in the automotive sector.

Manufacturing Processes and Market Dynamics

EPDM can be manufactured through various processes, and the Solution Polymerization Process currently dominates the market. This process is highly versatile, allowing for the production of a wide range of polymers. Polymerization and catalyst technologies play a crucial role in tailoring EPDM to meet specific application and processing needs.

Regional Market Dynamics

The Asia-Pacific region emerged as the frontrunner in the global EPDM market in 2021, with China being a key player in both production and consumption. The region's dominance is attributed to the concentration of EPDM producers and the flourishing automotive and construction sectors. New construction projects and sustained growth in the automotive industry are propelling the EPDM market in Asia Pacific.

Industry Players and Strategies

Leading players in the EPDM market include ARLANXEO, DOW Inc., Exxon Mobil Corporation, JSR Corporation (Kumho Polychem Co. Ltd.), PetroChina Company Limited, Versalis S.p. A., SK Global Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., and Mitsui Chemicals, Inc. These industry giants are actively shaping the market through strategic initiatives, ensuring competitiveness and sustainability.

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Navigating the Future

As the EPDM market continues to evolve, keeping an eye on ethylene propylene diene monomer prices, EPDM market trends, and the EPDM price trend for 2023 will be critical. Stakeholders should remain vigilant about the dynamic market forces, ensuring they are well-positioned to capitalize on emerging opportunities and navigate challenges.

The EPDM market's growth trajectory is marked by resilience and adaptability, making it a key player in the global rubber market. Stay tuned for more updates on the EPDM market, where innovation meets opportunity in this dynamic industry landscape.

[suyashresearchlayer]

EV Battery Thermal Management System Market Advanced Technologies & Growth Opportunities Worldwide By 2024

The EV battery thermal management system market refers to the market for the systems that regulate the temperature of electric vehicle batteries to ensure their optimal performance and longevity. This market has been growing rapidly in recent years as electric vehicles have become more popular and as manufacturers have recognized the importance of managing battery temperature to improve vehicle efficiency and reliability.

The global EV battery thermal management system market was valued at around $2.6 billion in 2020 and is expected to reach over $6.4 billion by 2026, growing at a compound annual growth rate (CAGR) of around 15.8% during the forecast period (2021-2026). The increasing demand for electric vehicles and the growing concern for the environment are the primary drivers of this market.

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The market is segmented by type, component, propulsion type, and geography. Based on type, the market is divided into active and passive systems, while by component, the market is categorized into battery cells, battery thermal controllers, and others. By propulsion type, the market is segmented into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs).

North America and Europe are the dominant regions in the global EV battery thermal management system market due to the high adoption of electric vehicles and strict government regulations regarding vehicle emissions. The Asia-Pacific region is expected to witness significant growth during the forecast period due to the increasing demand for electric vehicles in countries such as China and India.

Key players in the EV battery thermal management system market include Dana Incorporated, Robert Bosch GmbH, LG Chem Ltd., Valeo SA, MAHLE GmbH, Gentherm Incorporated, Hanon Systems, Calsonic Kansei Corporation, and Denso Corporation, among others.

[vrushali456]

Electric Vehicle Market Tracking Report Analysis 2023-2031 

The Electric Vehicles Market was estimated to be worth USD 402.02 billion in 2022, and it is anticipated to grow to USD 1493.45 billion by 2031, at a CAGR of 20.19% over the course of the forecast period (2023 - 2031). Electric vehicles (EVs) Market are self-propelled automobiles that are used to move cargo and people from one location to another. These include plug-in hybrid electric cars (PHEVs), hybrid electric vehicles (HEVs), and battery electric vehicles (BEVs) (PHEVs). They are powered by batteries that store energy and are recharged by self-charging components like turbochargers and regenerative braking systems, which can transform kinetic energy into electrical energy.

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Top Key Players:

Ampere Vehicles

Benling India Energy and Technology Pvt Ltd

BMW AG

BYD Company Limited

Chevrolet Motor Company

Daimler AG

Energica Motor Company S.p.A.

Ford Motor Company

General Motors

Hero Electric

Hyundai Motor Company

Karma Automotive

Kia Corporation

Lucid Group, Inc.

Market Growth:

Since COVID-19 impacted practically every other industry in the market, its effects on the market for electric vehicles were unavoidable. However, the global adoption rate of mild-hybrid electric vehicles is rapidly increasing year over year, which is driving significant growth in the electric vehicle (EV) industry. For instance, despite the pandemic, sales of electric vehicles increased dramatically in China and Europe, providing evidence of a dynamic market during the projection period.

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Market Segmentation:

Electric Vehicle Market by Component (Battery Cells & Packs, On-Board Charger, Fuel Stack), Vehicle Type (Two-Wheelers, Passenger Cars, and Commercial Vehicles), By Charging Type (Fast charging, Slow Charging), Top Speed (Less Than 100 MPH, 100 to 125 MPH, and More Than 125 MPH) and Vehicle Drive Type (Front Wheel Drive, Rear Wheel Drive, and All Wheel Drive): Global Opportunity Analysis and Industry Forecast, 2023-2031

Market Opportunities:

The market for electric vehicles is expanding as a result of rising consumer demand for fuel-efficient, high-performance, and low-emission automobiles, stricter rules and regulations governing vehicle emissions, falling battery prices, and rising fuel prices.

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[researchvishal]

The global EV battery heating system market is projected to register at a moderate-paced CAGR of 18.7% over the forecast period. The EV battery heating system market is currently valued at US$ 3113.6 Mn in 2023. By 2033, demand for EV battery heating systems is expected to reach a high of US$ 17289 Mn.

Thermal management systems maintain the battery's operating temperature. As battery-powered vehicles have become more popular, manufacturers have improved battery heat management. Smaller batteries and faster charging slow the sales of EV battery heating systems. Technological advances in battery heat control are expected to boost the demand for EV battery heating systems. Electric cars have a restricted range per charge due to their batteries.

Battery makers have responded by developing fast-charging products. Fast battery charging generates greater heat, which must be managed to prevent cell damage. As the only source of EV traction, batteries operate at high temperatures. Automotive component manufacturers are developing new cooling solutions to handle these batteries' high temperatures, which is likely to boost the growth of the EV battery heating system market over the forecast period.

Global countries have set strict vehicle carbon emission standards. Consequently, customer preference has shifted from ICE to BEVs (BEVs). PHEVs, which run on both batteries and IC engines, are also popular globally.

The development of automobiles using unconventional energy sources is encouraged by the increased focus being placed on fuel efficiency criteria. As a result, the auto industry is shifting its focus to cars that run on electricity and other environmentally benign fuels. Global demand for an EV battery thermal management system is on the rise owing to rising commercial and consumer vehicle production and improvements in technology. Valeo, for one, has released battery cooling systems and a wide variety of coolers solutions for both plug-in hybrids and fully electric vehicles. Car cabins can be heated, cooled, and dehumidified to perfection with the help of a heat pump system that uses collected ambient energy.

For more information: https://www.futuremarketinsights.com/reports/ev-battery-heating-system-market

  Key Takeaways

The Chinese EV battery heating system market is expected to register a CAGR of 14.9% through the forecast period.

The U.S. EV battery heating system market is anticipated to hold a market share of 12.5% of the global market.

Germany is expected to follow the U.S. in leading the global market with a share of 10.2%.

The hybrid electric vehicle segment is expected to hold a share of 4%.

Competitive Landscape

Numerous local companies contribute to a modest level of fragmentation in the EV battery heating system industry. These market players are making investments, forming partnerships, acquiring other companies, and merging in order to expand their share of the market. Companies are also spending R&D to enhance battery cooling systems, which should enable batteries to run even better and longer. Keeping their prices reasonable is another one of their primary objectives.

Key players in the EV battery heating system market include

Modine Manufacturing Company, continental ag, gentherm, Dana Limited, Hanon Systems, Valeo, MAHLE GmbH, Robert Bosch GmbH, Grayson, VOSS Automotive GmbH

Some Key Recent Developments in the EV Battery Heating System Industry are:

NIO's first battery swap station in Germany, located in Zusmarshausen along the A8 highway between Munich and Stuttgart, was officially opened in September 2022. The battery swap station has a maximum daily capacity of 312 power swaps. Before any exchange, we'll check the condition of the vehicle's electric control system, motor, and battery.

Singapore-based Oyika Pte Ltd ("Oyika") and Asia's leading green independent power producer and investor, NEFIN Group ("NEFIN"), signed a Memorandum of Understanding (MOU) in September 2022 to encourage the widespread use of electric vehicles ("EVs") throughout Singapore, Cambodia, Malaysia, Thailand, and Indonesia.

The Indonesian Ministry of Investment and Investment Coordinating Board (BKPM), PT inked an MOU with Hon Hai Technology Group (Foxconn) in January 2022. (MoU). Sustainable energy ecosystem development in Indonesia is a joint effort by PT. IBC (Industri Baterai IndonesiaIndika Energy Corporation, Indika) and Gogoro Taiwan Limited. Battery technology, electric transportation, and associated businesses is likely to be the ecosystem's primary areas of interest.

[data-bridge]

Blind Spot Solutions Market Industry Share, Size, Growth, Demands, Revenue, Top Leaders and Forecast to 2028

Industry Analysis

Data Bridge Market Research analyses that the blind spot solutions market would exhibit a CAGR of 12.15% for the forecast period. Rising demand for blind spot solutions in luxurious and premium vehicles and rising incidences of accidents caused with heavy commercial vehicles due to their inability to view the vehicle’s blind spots are the two major factors attributable to the growth of blind spot solutions market. In terms of blind spot solutions market value, it will stand tall by USD 32.14 billion by the year 2028.

Additionally, the credible Blind Spot Solutions Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Automotive industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.

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Market Insights and Scope    

Blind spot solutions are a combination of components that are designed to improve the visibility of the driver whether on the side or on the rear end, the blind spot solutions are a combination of information generated from radar sensors, LIDAR, cameras and others.

The Blind Spot Solutions Market report encompasses various segments linked to Automotive industry and market with comprehensive research and analysis. These comprise industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, and company market share analysis. All the data, figures and information are backed up by well recognized analysis tools which include SWOT analysis and Porter’s Five Forces analysis. So, take business to the peak level of growth with the all-inclusive Data Bridge Market research report.

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Industry Segmentation and Size

The global blind spot solutions market is segmented on the basis of product type, technology type, distribution channel, electric vehicle (EV) type and internal combustion engine (ICE) vehicle type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

Blind spot solutions market, on the basis of product type has been segmented into blind spot detection (BSD) system, backup camera system, park assist system, surround view system and virtual pillars.

Based on technology type, the blind spot solutions market has been segmented into camera-based, radar-based and ultrasonic-based.

On the basis of distribution channel, the blind spot solutions market is segmented into OEM and aftermarket.

On the basis of electric vehicle (EV) type, the blind spot solutions market is segmented into battery electric vehicle (BEV), full-cell electric vehicle (FCEV), hybrid electric vehicle (HEV) and plug-in hybrid electric vehicle (PHEV).

On the basis of internal combustion engine (ICE) vehicle type, the blind spot solutions market is segmented into passenger cars, light commercial vehicles and heavy commercial vehicles.

Market Country Level Analysis

The countries covered in the blind spot solutions market report are

U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

A reliable Blind Spot Solutions Market marketing report proves to be the finest and excellent market research report as it is formulated with the following critical factors. These consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The Automotive business report also provides evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

Industry Share Analysis

The major players covered in the blind spot solutions market report are

Robert Bosch GmbH, Continental AG, DENSO CORPORATION., Valeo, Magna International Inc., Faurecia, HYUNDAI MOBIS., Aptiv., TOYOTA MOTOR CORPORATION., Schaeffler AG, Ficosa Internacional SA, Autoliv Inc., ZF Friedrichshafen AG, GENTEX CORPORATION, Motherson., Murakami Corporation., Renesas Electronics Corporation., SAMSUNG ELECTRO-MECHANICS, SL Corporation and STONKAM CO., LTD. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.

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[techsciresearch]

Global Automotive Battery Management System Market to Grow at 13.33% CAGR by 2027

Increasing adoption of all types of electric vehicles drives the global automotive battery management system market through 2027.

According to TechSci Research report, “Automotive Battery Management System Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027”, the Global automotive battery management system market is anticipated to reach USD 9,615.26 million at a CAGR of 13.33% by 2027 because of rapidly expanding electric vehicle sales and advancements in technology to improve battery management system performance. The primary function of a battery management system (BMS) includes safety, performance stability, health monitoring, and communication. Factors such as the rise in adoption of all types of electric vehicles, partnerships, and technological development increase demand for electric vehicles, further increasing the global automotive battery management system market. To keep a record of the State of Charge (SoC) and State of Health (SoH), the automobile battery management system connects with various parts of the powertrain. It is one of the crucial components of the electric car powertrain and contributes to battery thermal protection, cell balancing, and charging regulation. Many companies in the market are focusing on investing in research and development of BMS technologies to make them more efficient and cost- effective.

Due to the rise in demand for electric vehicles in the market, automotive battery management systems market is expected to grow significantly in upcoming years. Currently, China has the largest market share due to the faster adoption of electric vehicles. Automotive BMS is an essential part of battery monitoring system which ensures its safety and efficiency. However, the COVID-19 pandemic impacted vehicle assembly plants in multiple countries because of import bans put in place by several countries on components from China. According to figures on worldwide automobile manufacturing, 2021 had a 13% decline from 2019. Electric car production and penetration are rising in the Asia Pacific and Europe as a result of the surge in demand and environmental awareness, despite supply chain disruption and auto component shortages.

In vehicle type, the medium & heavy commercial vehicle segment is expected to grow at a CAGR of 16.73%, followed by light commercial vehicle segment, which is expected to grow at a CAGR of 15.20%, and passenger cars by 14.24%. In terms of propulsion type, the global automotive battery management system market is segmented into BEV, PHEV, and HEV. Battery electric vehicles account for more than 57% of the overall market share, followed by hybrid electric vehicles, due to their high sales volume.

Browse more than 130 market data Figures spread through 110 Pages and an in-depth TOC on "Global Automotive Battery Management System Market "

https://www.techsciresearch.com/report/automotive-battery-management-system-market/13025.html

The global automotive battery management system market can be segmented based on  vehicle type, battery type,  type,  voltage capacity, propulsion type, region, and  company. Based on vehicle type, passenger cars currently hold the majority of the market share, followed by two-wheeler, light commercial vehicles, and medium & heavy commercial vehicles respectively. Based on battery type, the lithium-ion segment holds the majority of the market share, followed by lead acid. Based on type, the centralized battery management system captures more market share, but a decentralized battery management system shows a higher growth rate in the forecast period. Based on voltage capacity, two-wheelers and passenger cars with low voltage dominate the electric vehicle sales capturing nearly 56% in 2021 of the global automotive battery management system market. On the basis of propulsion type, BEV led the market with more than 53% market share in 2021, followed by HEV and then the PHEV segment.

“In 2021, Asia-Pacific region accounted for the largest market share i.e., 60.43% in the global automotive battery management system market. The APAC region is expected to maintain its dominance over the next five years with a market share of 53.36% in the forecast year 2027. European region is growing at CAGR of 17.81% to capture nearly 37% of overall market in 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Some of the major companies operating in the Global Automotive Battery Management System Market include:

Robert Bosch GmbH

SAMSUNG SDI

Renesas Electronics Corporation

LG Chem Energy Solutions

BYD Co. Ltd.

Denso Corporation

Contemporary Amperex Technology Co. Ltd (Catl)

Panasonic Holdings Corporation

Johnson Matthey Battery Systems

SK Innovation

These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.

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“The global automotive battery management system market appears to be one of the fastest growing markets in the electric vehicle industry. With more than 60% of the market, passenger vehicles hold the largest share of the worldwide automotive battery management system market and are anticipated to maintain their dominance during the projected period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Automotive Battery Management System Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” has evaluated the future growth potential of global automotive battery management system market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global automotive battery management system market.

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[spookysaladchaos]

Global Top 5 Companies Accounted for 83% of total EV Battery market (QYResearch, 2021)

The global passenger xEV (BEVs, PHEVs, HEVs) battery market is currently doubling year-over-year, reaching staggering new levels. Following a blistering fourth quarter, 2021 saw a record 286.1 GWh of passenger EV battery capacity deployed onto roads globally, a remarkable 101.5% increase over 2020 as EV sales, especially battery electric vehicle (“BEV”) and plug-in hybrid electric vehicle (“PHEV”) sales, surged year-over-year.

In this report, lithium batteries refer to lithium battery cells, modules and battery packs sold by manufacturers to automotive OEMs.

According to the new market research report “Global EV Battery Market Report 2023-2029”, published by QYResearch, the global EV Battery market size is projected to reach USD 152.72 billion by 2029, at a CAGR of 12.1% during the forecast period.

Figure.   Global EV Battery Market Size (US$ Million), 2018-2029

Figure.   Global EV Battery Top 13 Players Ranking and Market Share（Based on data of 2021, Continually updated）

The global key manufacturers of EV Battery include CATL, LG Energy Solution, Panasonic, BYD, SK on, Samsung SDI, CALB, Gotion High-tech, SVOLT, Envision AESC, etc. In 2021, the global top five players had a share approximately 83.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

For more information, please contact the following e-mail address:

Email: global@qyresearch.com

Website: https://www.qyresearch.com

[cool-akashy-maximize]

Global Hybrid Vehicle Market Driving Factors, Trends, Countries Data, Top Key Player, Business Revenue and Forecast to 2029

Global Hybrid Vehicle Market: was valued at US$ 324.9 Bn. in 2021. The Hybrid Vehicle Market size is estimated to grow at a CAGR of 28.97 % over the forecast period.

Global Hybrid Vehicle Market Overview:

The Global Hybrid Vehicle Market report includes New recent developments, trade rules, import-export assessment, business model, value chain optimization, market share, the impact of domestic and localized market participants, evaluates opportunity in terms of emerging income pockets, shifts in market restrictions, tactical market growth analysis, sales volume, segment’s market growths, application niches and dominance, product approvals, product releases, geographic regions, etc.

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Global Hybrid Vehicle Market Dynamic:

The growing demand for battery electric cars (BEVs) and fuel cell electric vehicles will be one of the major challenges for hybrid vehicle proliferation (FCEVs). There are many different models and types of BEVs in the passenger car category, including hatchbacks, sedans, and SUVs. BYD (China), Tesla (USA), and Volkswagen (Germany) are among the automakers that are prioritizing BEV development. FCEVs features a long-range, fast recharging, silent operating, and no greenhouse gas or air pollution emissions. As a result of these benefits, demand for FCEVs is increasing. Also, governments are taking steps to promote and encourage the use of fuel cells in transportation, which could increase the demand for fuel cells in the automotive and transportation sectors.

Market Scope:

A competitor's information is provided in the highly competitive environment for the Global Hybrid Vehicle market. The information includes a business overview, financials, revenue generated, market potential, research and development investment, new market efforts, geographical presence, firm advantages and disadvantages, product introduction, and application dominance. The information shown above is only related to the businesses' focus on the Global Hybrid Vehicle industry.

Global Hybrid Vehicle Market Segmentation:

The hybrid vehicle market has been divided into parallel hybrid and series hybrid based on the kind of electric powertrain. Due to the increasing adoption of regenerative braking technology, the parallel hybrid market is predicted to develop at the quickest revenue CAGR throughout the projection period. A regenerative braking system returns energy to the battery when the brakes are used. As a result, there is less of a requirement for external electric infrastructure. Parallel hybrid powertrain demand will rise due to the use of regenerative braking and the lower cost of micro and mild hybrids compared to PHEVs. Due to its high efficiency for urban driving and ability to run the ICE in a limited rpm range (the most effective), the series hybrid segment is expected to increase at a significant rate throughout the forecast period.

The hybrid cars market has been divided into three categories based on propulsion: hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and natural gas vehicles (NGV). Over the forecast period, the hybrid electric vehicles segment is expected to account for a high revenue share of the worldwide hybrid cars market. HEVs are hybrid cars that are powered by both internal combustion engines and electric motors. Hybrid electric car sales have increased significantly in countries such as the United States, China, and Japan. In addition, because hybrid vehicles are less expensive than PHEVs and EVs, people in developing nations such as India, Mexico, and Brazil are using them to comply with increasingly stringent emission regulations.

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Global Hybrid Vehicle Market Key Players:

• BMW • Nissan • AVL • Plug Power • FEV Group • MAHLE • U.S.A Inc. • Ford Motor Company • Toyota Motor Sales • EP Tender • General Motors • Nikola Motors • AB Volvo • Continental AG • Ceres Power • Wrightspeed Inc. • Fagor Ederlan Group • Ballard Power Systems • Delta Motorsport Ltd. • Ashwoods Electric Motors • Horizon Fuel Cell Technologies

The major players covered in the Global Hybrid Vehicle market report are

Regional Analysis:

The causes for the global Global Hybrid Vehicle market's rise, and the industry's numerous users, are explored. Market participants, geographies, and special requirements all give data. This study proposal is ready for the market and offers a full evaluation of all important advancements that are now prevalent in all market sectors. Statistics, infographics, and demonstrations have been used to provide key data analysis.

COVID-19 Impact Analysis on Global Hybrid Vehicle Market:

The COVID-19 pandemic resulted in a severe and prolonged decline in production utilization, while travel bans and facility closures kept people away from their facilities, leading the Global Hybrid Vehicle market to slow in 2020. The new research features COVID 19's impact on the Global Hybrid Vehicle# market, as well as insights, analysis, estimations, and projections.

Key Questions Answered in the Global Hybrid Vehicle Market Report are:

Which segment was responsible for the largest share in the Global Hybrid Vehicle market?

How was the competitive scenario of the Global Hybrid Vehicle market in 2020?

Which are the key factors responsible for the Global Hybrid Vehicle market growth?

Which region held the maximum share in the Global Hybrid Vehicle market in 2020?

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[marketinsightshare]

Electric Vehicle Battery Market - Forecast, 2022 - 2027

Electric Vehicle Battery Market is analysed to grow at a CAGR of 20.31% during the forecast 2022-2027 to reach $116.34 billion. An electric-vehicle battery (EVB) is also known as a traction battery that is used to power the electric motors of an electric vehicle. These batteries are usually rechargeable batteries, and are typically lithium ion battery & nickel metal hydride battery based. These batteries are specifically designed for a high ampere-hour or kilowatt-hour with a wide range of capacities. Increasing government policies and investment for the deployment of the public charging infrastructure coupled with the increasing efficiency of the electric vehicle battery management system is expected to create significant growth for the demand of electric vehicle batteries during the forecast period.  

Report Coverage 

The report: “Electric Vehicle Battery Industry Outlook – Forecast (2022-2027)”, by Industry ARC covers an in-depth analysis of the following segments of the Electric Vehicle Battery Market.  

By Battery Type: Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries, Ultracapacitors and Others. 

By Battery Capacity: <50 kWh, 51-100 kWh, 101-300 kWh and >300 kWh. 

By Electric Vehicle Type: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV) and Fuel cell Electric vehicle.  

By Application: Electric cars (Passenger Cars and Commercial Cars and Others), Electric scooters and Others. 

By Geography: North America(U.S., Canada and Mexico); Europe(U.K., Germany, Italy, France, Spain, Russia, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Rest of APAC); South America (Brazil, Argentina, Rest of Americas); Row (Middle East & Africa). 

Key Takeaways 

Electric Vehicle Battery Market Segment Analysis - By Battery Type 

By Battery Type, the Electric Vehicle Battery Market Report is segmented into Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Lead-Acid Batteries, Ultracapacitors and Others. Lithium-Ion Batteries are analysed to hold highest share 33.47% in 2021 owing to its huge adoption across various electric vehicles and other technical advantages over other battery types. The lithium-ion battery offers high energy density, fast recharging capability and high discharge power as compared to other batteries. Lithium-ion batteries are the only available technology that is capable of meeting OEM requirements for vehicle driving range and charging time. Furthermore, the recycling of Li-ion batteries is expected to secure the supply of raw materials, such as lithium and cobalt, and reduce the reliance on extracting and refining materials from mineral resources. Recycling of lithium-ion batteries that are currently being used in electric vehicles offers an excellent opportunity for companies to utilize the refined constituent materials for manufacturing lithium-ion batteries that can be used for energy storage systems (ESS). These factors tend to drive the demand of lithium ion batteries in the Electric vehicle battery market during the forecast period. 

Electric Vehicle Battery Market Segment Analysis–By Application 

By Application, the Electric Vehicle Battery Market Report is segmented into Electric cars (Passenger Cars and Commercial Cars) and Electric scooters. Electric cars are analysed to hold the highest share of 64.21% during the forecast period 2022-2027 owing to the increasing production of electric cars over electric scooter. For instance, according to International Energy Agency (IEA), electric car sales share showed an exponential growth by elevating from 4.3% in 2020 to 25% in 2025 and is forecasted to reach 60.9% by 2030. This huge production and sales of electric cars tend to drive its market growth during the forecast period and will contribute significantly in the Electric vehicle batter market growth.  

Electric Vehicle Battery Market Segment Analysis – By Geography 

Asia-Pacific is analysed to be the major region with a share of 35% in 2021 for the Electric Vehicle Battery Market owing to the availability of leading market players for the Electric vehicle battery market coupled with increasing deployment of electric vehicles in this region. China is one of the largest markets for electric vehicles, and the increasing adoption of electric vehicles in the country has been in line with the clean energy policy and this will tend to propel the demand of electric vehicle battery during the forecast period. Moreover, the Government of China has been providing both financial and non-financial incentives to promote the adoption of electric vehicles. Favourable policies, such as the energy efficiency standards and increasing peak demand charges and technological advances in China and India is expected to drive the demand for Electric vehicle battery in this region. For instance, according to International Energy Agency (IEA), global electric car stock in China is highest in 2020 accounting for 3.5 million BEV and 1 million PHEV. This huge availability of electric car tend to drive the Electric vehicle battery market growth during the forecast period. 

Electric Vehicle Battery Market Drivers 

Increasing demand of zero emission vehicles owing to increasing environmental concerns across the globe is driving the Electric Vehicle Battery Market growth  

Increasing environmental concerns to limit the production of conventional vehicles which has adversely affected global environment structure has propelled the demand of electric vehicle batteries. Widespread global concerns regarding the negative effect of climate change along with alarming pollution levels recorded in major cities have created a significant demand for zero emission vehicles. The rise in petrol and diesel prices has added to the demand for fuel-efficient vehicle and enhanced the need for advanced fuel-efficient technologies, leading to a surge in demand for electrically powered vehicles. Economic incentives and regulatory measures are often coupled with other policies that increase the value proposition of EVs. Such policies often aim to harness the multiple co-benefits arising from greater electrification of transport, most prominently energy diversification in a sector that is 90% dependent on oil products and the reduction of local pollutant and GHG emissions. This tend to drive the demand of electric vehicle batteries across the globe, further driving its market growth. 

Increasing registration of electric vehicles across the globe is propelling the demand of electric vehicle batteries 

Increasing registration of electric vehicles across various parts of the world is analysed to bring significant growth in the demand of electric vehicle battery. With the increasing technological advancement and environmental friendly offerings of electric vehicles is set to drive the global automotive sector during the forecast period. This has brought a major growth in the manufacturing of high efficient and long standing rechargeable batteries. Moreover, conventional automotive manufacturers who used to develop conventional fuel based automobiles are investing in their research and development for the addition of electric vehicle segment in their portfolio. This will further drive the demand of electric vehicle batteries across the globe, further driving its market growth. For instance, according to International Energy Agency (IEA), registration of electric cars in China elevated from 257 thousands units in 2016 to 931 thousand units in 2020. This increasing registration of electric cars will further drive the market growth of electric vehicle battery during the forecast period.   

Electric Vehicle Battery Market Challenges 

Lack of charging infrastructure and technical limitations is analysed to hamper the Electric Vehicle Battery Market growth 

One of the most important factors restraining the market growth of Electric Vehicle Battery Market across the global is the lack of charging infrastructure. There is no doubt that the popularity of electric vehicles has grown exponentially in last few years owing to the environmental concerns, but with the limited availability of charging infrastructure across various parts of a country tend to limit the market growth of electric vehicle batteries during the forecast period. Moreover, Electric vehicle batteries are limited by range and speed over conventional fuels such as petrol and diesel. Most of the electric cars have a range of about 50-100 miles and need to be recharged again and again if used at maximum throttle. In addition, battery life is another major concern, the electric vehicle battery generally last for about 3-4 years if used at maximum efficiency which is needed to be replaced. This limits the adoption of electric vehicle further bringing major challenges in the electric vehicle battery market growth during the forecast period.  

Electric Vehicle Battery Industry Outlook

Production Innovation, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Electric Vehicle Battery Market. In 2021, the market of Electric Vehicle Battery industry outlook has been fragmented by several companies. Electric Vehicle Battery top 10 companies include  

CATL 

Panasonic Corporation 3.

Mitsubishi Electric Corporation 4.

LG CHEM LTD 

SAMSUNG ELECTRONICS CO. LTD 

BYD Company Limited  

Wanxiang Group Corporation 

Beijing Pride Power Battery Technology Co Ltd 

Tianneng Power International Limited 

Inverted Energy 

Acquisitions/Technology Launches/Partnerships 

In December 2020, LG Chem Ltd announced its plans to double the production capacity of battery cells in China for Tesla Inc electric vehicles (EV) in 2021 to keep up with its US client's growth in the biggest car market.  

In November 2020, Delhi-based battery maker Inverted Energy announced the opening of its lithium battery manufacturing facility in New Delhi, India. The commissioning of the plant, which currently has a production capacity of 100 MWh (megawatt hour) annually, is aimed at reducing dependence on China. 

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Commercial Vehicle Market  Trends and Demand Analysis to 2027 | Future Scope, Price Structure, Industry Share and Forecast to 2027 by Fortune Business Insights™

Commercial Vehicle Market size is projected to reach USD 621.1 billion by the end of 2027. The increasing IT sector and rapid industrialization across the globe will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Commercial Vehicle Market Size, Share & COVID-19 Impact Analysis, By Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle, and Buses & Coaches), By Power Source (Gasoline, Diesel, HEV / PHEV, Battery Electric Vehicle (BEV), Fuel Cell Vehicle) and Regional Forecast, 2020-2027” the market was worth USD 748.6 billion in 2019 and will exhibit a CAGR of 2.3% during the forecast period 2020-2027.

A commercial vehicle is used for transportation of goods or to carry passengers. Accounting to the rising daily commute rate and increasing long-distance transportation and trade activities, there is a massive demand for commercial type of vehicles across the world. The presence of several large scale companies in several countries across the world has resulted in healthy market competition. Thus, SMEs are finding it difficult to operate seamlessly. As large scale companies hold the privilege to acquire smaller companies as well as other large scale companies, SMEs look to implement newer strategies that will help them attract a wider consumer base. Although the market looks set to perform well in the long run, there surely are a few short term hurdles, mainly due to the pandemic.

 Decline in Product Sales to have a Severe Impact on Market Growth during the Covid-19 Pandemic

The recent coronavirus outbreak has had a negative impact on several businesses across the world. With unified efforts taken to curb the spread of the disease, businesses across the world have been compelled to shut down. The measures taken to minimize the impact of the disease will ultimately affect several manufacturing units, with strict measures forcing people to stay indoors. The commercial vehicle sector is among the few industries that have been hit the most among all industries during the Coovid-19 pandemic. With social distancing practices implemented across the world, commercial vehicle businesses have dramatically gone down and it will be a while until we may see newer variants at a similar pace to that in the past few years.

 Company Mergers are an Increasing Trend Among Major Companies in the Global Market

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions, as well as collaborations, has made the highest impact on the growth of the market. Accounting to increasing market competition, it is observed that major companies are benefiting from collaborations and joint ventures. In July 2019, Daimler announced that it has entered into a strategic partnership with BMW for developing new technology for automatic parking as well as a driver assistance system on highways. This partnership will also help the companies to achieve a higher level of automation in urban centers. The increasing number of company mergers and acquisitions will have a massive impact on the growth of the global market in the coming years.

 North America to Emerge Dominant; Increasing Production of Commercial Vehicles will Bode well for Market Growth

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of several large scale companies in this region will have a direct impact on the growth of the regional market. The increasing adoption of these vehicles is attributable to the increasing application of the product across diverse industries. As of 2019, the market in North America was worth USD 332.9 billion and this value is projected to rise at a considerable pace in the coming years. The market in Asia Pacific will derive growth from the rising population and the use of commercial vehicles as a medium for the daily commute.

 List of the Leading Companies Profiled in the Global Commercial Vehicle Market are:

Daimler AG (Stuttgart, Germany)

PACCAR Inc. (Washington, United States)

Hino (Tokyo, Japan)

SCANIA (Södertälje, Sweden)

Tata Motors (Mumbai, India)

Navistar International Corp (Illinois, United States)

BYD Auto Co., Ltd. (Shenzhen, China)

AB Volvo (Gothenburg, Sweden)

Toyota Motor Corporation (Toyota, Aichi, Japan)

Proterra, Inc. (California, United States)

 Industry Developments:

April 2020: The Volvo Group and Daimler Truck AG announced that they have formed a new joint venture. This collaboration is aimed at the development and production of commercializing advanced fuel cell systems for heavy commercial vehicle applications.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/commercial-vehicle-market-104284

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