MarkNtel Advisors recently published a detailed industry analysis of the EV Battery Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the EV Battery Market (2024-2030)

The Global EV Battery Market size was valued at USD 132.5 billion in 2023 & is projected to reach USD 495.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 14.4% during the forecast period, i.e., 2024-30.

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Global EV Battery Market Challenge:

Raw Material Shortage for EV Battery Manufacturing – The limited production of essential minerals and the disruption in the supply chain caused by the geopolitical tensions between the nations are adversely affecting the production of EV batteries. Along with this, the costs of essential raw materials have also increased due to their limited supply. Therefore, to maintain the profit, the top companies have started selling these batteries at higher costs, making them inaccessible to the population with financial constraints.

Additionally, European countries are witnessing a slowdown in industrial activities due to the low economic growth & reduced consumer spending in this region. Therefore, the EVs' production in the region is on halt and registering a decline, which is consequently slowing down the demand for EV batteries from the direct manufacturing units, i.e., OEMs. Hence, the production delays in the automotive industry and the high price of the batteries due to constrained supply are limiting the Global EV Battery Market growth.

What segments define the EV Battery market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

-By Battery Type

-Lithium-Ion- Market Size & Forecast 2019-2030F, (Thousand Units)

-Lead-Acid- Market Size & Forecast 2019-2030F, (Thousand Units)

-Nickel-Metal Hydride- Market Size & Forecast 2019-2030F, (Thousand Units)

-Others (Sodium Ion, Solid-State)- Market Size & Forecast 2019-2030F, (Thousand Units)

-By Battery Capacity

-<50 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)

-50-110 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)

-111-200 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)

-201-300 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)

->300 KWh- Market Size & Forecast 2019-2030F, (Thousand Units)

-By Battery Form

-Prismatic- Market Size & Forecast 2019-2030F, (Thousand Units)

-Pouch- Market Size & Forecast 2019-2030F, (Thousand Units)

-Cylindrical - Market Size & Forecast 2019-2030F, (Thousand Units)

-By Propulsion Type

-Battery Electric Vehicle (BEV)- Market Size & Forecast 2019-2030F, (Thousand Units)

-Plug-In Hybrid Electric Vehicle (PHEV)- Market Size & Forecast 2019-2030F, (Thousand Units)

-Fuel-Cell Electric Vehicle- Market Size & Forecast 2019-2030F, (Thousand Units)

-Hybrid Vehicle- Market Size & Forecast 2019-2030F, (Thousand Units)

-By Vehicle Type

-Two-wheeler- Market Size & Forecast 2019-2030F, USD Million

-Passenger Cars- Market Size & Forecast 2019-2030F, USD Million

-Commercial Vehicles- Market Size & Forecast 2019-2030F, USD Million

-Vans/Light Trucks- Market Size & Forecast 2019-2030F, USD Million

-Medium & Heavy Trucks- Market Size & Forecast 2019-2030F, USD Million

-Buses- Market Size & Forecast 2019-2030F, USD Million

-Off-Highway Vehicles- Market Size & Forecast 2019-2030F, USD Million

-By Method

-Wire Bonding- Market Size & Forecast 2019-2030F, (Thousand Units)

-Laser Bonding- Market Size & Forecast 2019-2030F, (Thousand Units)

-Ultrasonic Bonding - Market Size & Forecast 2019-2030F, (Thousand Units)

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

Explore the Complete  EV Battery Market Analysis Report – https://www.marknteladvisors.com/research-library/ev-battery-market.html

Who are the leading key players shaping the EV Battery Market landscape?

Contemporary Amperex Technology Co., Limited, LG Energy Solutions, BYD Company Limited, Panasonic Corporation, Toshiba Corporation, Mitsubishi Corporation, Enersys, SK Inc., CALB, Gotion Inc, Sunwoda Electronic Co. Ltd, Farasis Energy, Vehicle Energy Japan, Inc, Exide Industries, Primearth EV Energy Co., Ltd, Others

 Questions Addressed in this Study

1.What factors are driving the EV Battery Market growth?

2.What are the key insights into the current trends in the EV Battery Market?

3.What is the current size of the EV Battery Market, and how is it projected to change in the future?

4.What is the future outlook for the EV Battery Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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