Automotive Battery Market Size, Share, Analysis, Industry Report and Forecast 2021-2027
The global automotive battery market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period (2021-2027). The rising need to address future energy requirements is one of the major factors expanding the electrical vehicles industry. The rising adoption of electrical vehicles is driving market growth. In 2019, the global sales of electric vehicles crossed 2.1 million. As technological progress in electrification advances and the market for them grows, electric vehicles are expanding significantly.
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With the growing electric vehicle industry, the market for automotive
battery and more specifically electric vehicle battery will grow significantly.
For instance, in December 2020, LG Chem Ltd announced its plans to more than
double the production capacity of battery cells it makes in China for Tesla
Inc. electric vehicles (EV) in 2021 to keep up with its US client's growth in
the biggest car market. The firm, a supplier for Tesla's Shanghai-built Model
3, would also ship its increased output from China and Korea to Tesla's
factories in Germany and the United States.
Market
Coverage
·
The
market number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
Segment
Covered-
·
By
Types
·
By Fuel
Type
·
By
Vehicle Type
Regions
Covered-
·
North
America
·
Europe
·
Asia-Pacific
·
Rest of
the World
Competitive
Landscape- A123 Systems, LLC, BYD Co., Ltd., East Penn Manufacturing Company,
EnerSys, Exide Technologies, and GS Yuasa Corp
Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment and region dominate the market in the base year?
·
Which
segment and region will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
o Deviation from the pre-COVID-19
forecast
o Most affected region and segment
·
Who is
the leader in the market?
·
How are
players addressing challenges to sustain growth?
·
Where
is the investment opportunity?
A
full Report of Automotive Battery Market is Available at: https://www.omrglobal.com/industry-reports/automotive-battery-market
By Types
·
Lead
Acid Battery
·
Lithium-Ion
Battery
·
Others
By Fuel Type
·
Internal
Combustion (IC) Engine Vehicle
·
Electric
Vehicle
By Vehicle
Type
·
Passenger
Cars
·
Commercial
Vehicles
Global
Automotive Battery Market Report Segment by Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
Rest of APAC
Rest of The World
·
Latin
America
·
Middle
East & Africa
Company
Profiles
·
A123
Systems LLC
·
Acumuladores
Moura SA
·
BYD Co.
Ltd.
·
C&D
Technologies Inc.
·
CSB
Enetrgy Technology Co. Ltd
·
EAST
PENN Manufacturing Co.
·
Enersys
·
EXIDE
Technologies
·
First
National Battery
·
GS
Yuasa Corp.
·
Hitachi
Ltd.
·
MidacSPA
·
Northstar
Battery
·
Panasonic
Corp.
·
Robert
Bosch GmBH
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1. We cover more than
15 major industries, further segmented into more than 90 sectors.
2. More than 120
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3. Over 100+ paid
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Market Research
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