The global electric vehicle battery pack market was valued at US$ 53,745.7 Mn in 2016 and is projected to reach US$ 2,30,433.2 Mn in 2026, with a projected CAGR of 15.8% from 2017 to 2026. The Lithium-Ion battery segment in the global electric vehicle battery pack market is estimated to account for the major revenue share of 67.2% in 2017.
Electric vehicle battery is an alternative to the combustion engine replaced by energy stored in a rechargeable battery pack. Electronic vehicle battery packs are comparatively more cost-effective, have no gas requirement, and no emissions. Commonly used electronic batteries are Lithium-ion battery & NI-MH battery. Electronic battery packs offer advantages such as low maintenance cost and reduced noise pollution, which is resulting in its applications increasing significantly in various sectors and industries.
Companies profiled in the report are Panasonic Corp., Contemporary Amperex Technology Co., Ltd., Optimum Nano Energy Co., Ltd., LG Chem. Ltd., Guoxuan High-Tech Co., Ltd., Tianjin Li Shen Battery Co., Ltd., Automotive Energy Supply Corporation, Samsung sdi co., ltd., Lithium Energy Japan, Primearth EV Energy Co., Ltd.