DUBLIN, Sept. 15, 2023 /PRNewswire/ -- The "Global Electrical Vehicle Battery Market" report has been added to ResearchAndMarkets.com's offering.
This report provides an analysis of the global market for electric vehicle batteries. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. This report also offers insights on drivers and opportunities for the market, which were gathered through primary and secondary research.
Due to their high energy density by weight, lithium-ion and lithium-polymer batteries are the most prevalent battery types in modern electric vehicles. Nickel-cadmium, nickel-metal hydride, lead-acid (and, less frequently, zinc-air and sodium nickel chloride) batteries are also used in electric vehicles. The quantity of energy stored in batteries is expressed in ampere-hours or coulombs, with the overall amount of energy frequently expressed in kilowatt-hours.
Consumer electronics, laptop computers, mobile phones, and power tools have driven innovations in lithium-ion battery equipment. These performance and energy density advancements have benefited the BEV and HEV markets. Unlike previous battery chemistries, particularly that of nickel-cadmium, the chemistry of lithium-ion batteries enables them to be discharged and recharged regularly and at any level of charge.
As the market for electric vehicles increases, the supply of second-life batteries increases. Forecasts from university studies and trade reports approximate a range of 112-275 GWh per year of second-life batteries becoming accessible by 2030 globally. After 8 to 12 years in a vehicle, the lithium batteries utilized in EVs are expected to hold more than two-thirds of their operational energy storage. Changing their condition, used EV batteries can serve an additional 5-8 years of service in a secondary application.
The capability of a battery to preserve and quickly discharge electricity degrades with use. Constant consumption of the maximum storage capacity of the battery, rapid charge and discharge cycles, and exposure to high temperatures are all likely to reduce battery performance.
Given the light-duty cycles suffered by EV batteries, some modules with minimal degradation and absent defects or damage could likely be refurbished and reused immediately as a substitute for the exact model vehicle. Leading car manufacturers, including Nissan and Tesla, have suggested rebuilding or refurbishing battery packs for buying or warranty replacement of original battery packs in EVs. The economics of second-life battery storage also depends on the cost of the repurposed system competing with new battery storage. To be used as stationary storage, used batteries must undergo numerous processes that are presently costly and time intensive.
The COVID-19 outbreak and the Russia-Ukraine war have disrupted global supply chains, particularly in the automotive industry. Soon, delays in EV delivery to clients may stifle sales growth in some countries. However, in the long run, government and business efforts to electrify transportation are laying a solid foundation for future EV sales growth.
The report's scope includes a detailed study of global and regional markets for battery type, propulsion, vehicle type, method, battery capacity, battery form, and material type. The qualitative and quantitative data of all segments are provided in the report. The report examines each segment, determines its current market size, and estimates its future market size with compound annual growth rates (CAGR).
The report also provides detailed profiles of the significant electric vehicle battery players and their strategies to enhance their market presence. The report also includes a competitive landscape chapter that discusses the market ecosystem of the top electric vehicle battery provider in 2022.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Chapter 4 Market Dynamics
Chapter 5 Market Breakdown by Type of Battery
Chapter 6 Market Breakdown by Type of Propulsion
Chapter 7 Market Breakdown by Type of Vehicle
Chapter 8 Market Breakdown by Bonding Method
Chapter 9 Market Breakdown by Battery Capacity
Chapter 10 Market Breakdown by Battery Form
Chapter 11 Market Breakdown by Type of Material
Chapter 12 Market Breakdown by Region
Chapter 13 Esg Development
Chapter 14 Emerging Technologies and Developments
Chapter 15 Patent Analysis
Chapter 16 M&A and Funding Outlook
Chapter 17 Competitive Landscape
Chapter 18 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/jh8qrr
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SOURCE Research and Markets