Electric-vehicle
Batteries (EV Batteries) Market
Electric-vehicle Batteries (EV Batteries) Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Electric-vehicle Batteries (EV Batteries) Market Size and Growth
The Electric Vehicle (EV) battery market is witnessing rapid growth, driven by rising demand for sustainable transportation. In 2023, the global market size is estimated to reach approximately $40 billion, with a projected CAGR of over 20% through 2030. Key factors include advancements in technology, government incentives, and increasing charging infrastructure.
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Companies Covered
(Covid 19 Impact Covered)
◍ BYD
◍ Panasonic
◍ CATL
◍ OptimumNano
◍ LG Chem
◍ GuoXuan
◍ Lishen
◍ PEVE
◍ AESC
◍ Samsung
◍ Lithium Energy Japan
◍ Beijing Pride Power
◍ BAK Battery
◍ WanXiang
◍ Hitachi
◍ ACCUmotive
◍ Boston Power
The EV battery market features major players like BYD, Panasonic, and CATL, each leading innovations in battery technology and scaling production. These companies enhance market growth through strategic partnerships and advancements in energy density. Notable revenues include Panasonic ($7.4 billion) and CATL ($13.4 billion), driving industry expansion.
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Market Segmentation
By Application
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By Product
Market Growth
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$ X Billion USD
