Global EV battery market expected to grow by $ 44.24 bn during 2020-2024


The electric vehicle battery market is poised to grow by $ 44.24 bn during 2020-2024 progressing at a CAGR of 22% during the forecast period says the report of

The reports on electric vehicle battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the high cost of batteries used in EVs, decreasing prices of lithium-ion battery boost adoption of electric vehicles (EVs), and BTMS integrated with TMS of other electric drive components. In addition, high cost of batteries used in EVs is anticipated to boost the growth of the market as well.

The electric vehicle battery market analysis includes battery type segments and geographic landscapes. This study identifies the vertical integration by EV OEMs as one of the prime reason driving the electric vehicle battery market growth during the next few years.

The research presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

  • A123 Systems LLC
  • Ballard Power Systems Inc.
  • BYD Company Ltd.
  • Cummins Inc.
  • EnerSys
  • Exide Technologies
  • GS Yuasa International Ltd.
  • LG Chem Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.