Reportbuyer.com just published a new market research report: Electric Vehicle Battery Market – Market Size, Investment Analysis, and Forecast to 2020. GlobalData’s latest research provides insight into the market scenario related to electric vehicle batteries. The electric vehicle battery is a key component that controls the performance of the electric vehicles, and accounts for a dominating share of the cost of the vehicle.
Nickel-metal hydride and lithium-ion batteries are the key battery types that are used in electric vehicles. The global market for electric vehicle battery market is in the early growth stage. The market is largely concentrated in countries such as the US, Japan, China and some European Union (EU) countries where there is an increasing adoption of electric vehicles in order to reduce carbon emissions and dependency on fossil fuels. The reduction in battery pack cost and further improvement in battery technology is essential for the growth of electric vehicle battery market during the forecast period.
The report gives detailed information on the current status and the opportunities provided by the electric vehicle battery market for US, UK, Germany, Netherlands, France, Japan, China and the global market. The report starts with a discussion on the global electric vehicle battery market and explores the market size, key initiatives undertaken, drivers and restraints . The report later provides a detailed analysis on market sizing and outlook for these key nations. Vendor landscape analysis for electric vehicle battery players is also provided in the report.