Hybrid and Electric Vehicle Battery Market Size, Share, Development and Forecast to 2022

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The global hybrid and electric vehicle battery market is expected to grow at a CAGR of 20.0% in terms of value during 2016-2022. Among the various applications, the electric vehicle segment accounted for largest share (46.5%) in the hybrid and electric vehicle battery market in terms of value in 2015.
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    GLOBAL INDUSTRY INSIGHT:   Hybrid and Electric Vehicle Battery Market Size, Share, Development, Growth and Demand Forecast to 2022      Global Hybrid and Electric Vehicle Battery Market to Witness 20% CAGR in Terms o Value Durin 2016 – 2022 The global hybrid and electric vehicle battery market is expected to grow at a CAGR of 20.0% in terms of value during 2016-2022. Among the various applications, the electric vehicle segment accounted for largest share (46.5%) in the hybrid and electric vehicle battery market in terms of   value in 2015. Electric vehicle require battery for their operation, while hybrid electric vehicle use conventional fuel along with an electric propulsion system. Hybrid electric vehicle accumulate energy, when the vehicle decelerates. The power stored in batteries of hybrid electric vehicle is used for forceful tasks, such as accelerating from standstill. Once the vehicle is in motion, the combustion engine later runs the vehicle’s movement. Explore Report with Detailed TOC on “Hybrid and Electric Vehicle Battery Market” at:  https://www.psmarketresearch.com/market-analysis/hybrid-and-electric-vehicle-battery-   market Majority of European countries import hybrid and electric vehicle battery from China, Japan, and South Korea. Despite slower economic growth in Europe, countries such as Norway, France and Sweden are expected to witness growth in the hybrid and electric vehicle market during the forecast period. The increasing penetration of hybrid and electric vehicle is expected to drive the growth of the hybrid and electric vehicle battery market during the forecast period. China accounted for the largest market share of electric vehicle in 2015. With newly built smart cities and modern infrastructure, China is giving significant attention to the emission free public transit system. The government of China offers subsidies on the purchase of emission free vehicles that has assisted the growth of the electric vehicle market in the country. China is expected to lead the global hybrid and electric vehicle battery market during the forecast period. The average cost of lithium-ion battery is expected to decline significantly by the end of 2022. Explore Report Sample at: https://www.psmarketresearch.com/market-analysis/hybrid-and-   electric-vehicle-battery-market/report-sample    Battery is a major factor in determining the cost and range of the battery driven hybrid and electric vehicle. Due to the high cost of the batteries, the overall cost of the vehicle is also high, and it acts as a hindrance for hybrid and electric vehicle battery market, but only the initial purchase cost is high, as the vehicle runs on electricity and the price of electricity to run an electric vehicle is a small fraction of the cost of liquid fuel needed to produce an equivalent amount of energy; therefore, the operating cost is cheaper. The range up to which an electric vehicle can run on a single charge is also determined by the battery’s capability. © P&S Market Research. All rights reserved 2    Global Hybrid and Electric Vehicle Battery Market to Witness 20% CAGR in Terms o Value Durin 2016 – 2022 Browse Other Related Report at: https://www.psmarketresearch.com/industry-report/new-   energy-vehicles-and-components The major players operating in the global hybrid and electric vehicle battery market include, Panasonic Corporation, Automotive Energy Supply Corporation, BYD Company Limited, Lithium Energy and Power GmbH & Co. KG, LG Chem., Tianneng Power International Co. Ltd, Hitachi Vehicle Energy Ltd., Shenzhen Bak Battery Co. Ltd., and Zhejiang Tianneng Energy Technology Co. Ltd. Chapter 1. Introduction  1.1 Market Definition 1.2 Market Scope 1.2.1 Market breakdown by application 1.2.2 Market breakdown by type 1.3 Research Methodology & Sources Chapter 2. Executive Summary  2.1 Key Findings 2.2 Research Summary Chapter 3. Market Outlook  3.1 Introduction 3.1.1 Value chain analysis 3.2 Trends in the Global Hybrid and Electric Vehicle Battery Market 3.2.1 Government support and subsidiary for hybrid electric vehicle battery manufacturing in the U.S. 3.2.2 Declining average selling prices (ASP) of lithium ion battery packs for hybrid and electric vehicle 3.3 Opportunities in the Global Hybrid and Electric Vehicle Battery Market 3.3.1 High growth in demand of hybrid and electric vehicle in Western Europe 3.4 Factors Driving Growth of the Market and its Impact on Market Forecast 3.4.1 Advancement in EV battery technology in terms of power density 3.4.2 Governments around the world are setting ambitious targets for the reduction CO2 emission © P&S Market Research. All rights reserved 3    Global Hybrid and Electric Vehicle Battery Market to Witness 20% CAGR in Terms o Value Durin 2016 – 2022 3.5 Factors Hindering Growth of the Market and its Impact on Market Forecast 3.5.1 Overcapacity in hybrid and electric vehicle lithium-ion battery (LIB) supply chain 3.5.2 Premium pricing of hybrid and electric vehicle Chapter 4. Global Hybrid and Electric Vehicle Battery Market Size & Forecast (2012–2022)  4.1 Global Hybrid and Electric Vehicle Battery Market, by Application 4.1.1 Hybrid electric vehicle (HEV) 4.1.2 Plugin hybrid electric vehicle (P-HEV) 4.1.3 Electric vehicle (EV) 4.2 Global Hybrid and Electric Vehicle Battery Market, By Type 4.2.1 Nickel–metal hydride (NiMH) 4.2.2 Lithium-Ion (LIB) 4.3 Global NiMH Battery Market, By Application 4.3.1 HEV 4.4 Global LIB Market, By Application 4.4.1 HEV 4.4.2 P-HEV 4.4.3 EV Chapter 5. Global Hybrid and Electric Vehicle Battery Market, by Geography  5.1 North America Hybrid and Electric Vehicle Battery Market 5.1.1 North America hybrid and electric vehicle battery market, by country- U.S., Canada, Mexico 5.1.2 North America hybrid and electric vehicle battery market, by application 5.1.3 North America hybrid and electric vehicle battery market, by type 5.1.3.1 North America NiMH battery market by application 5.1.3.2 North America LIB market by application 5.2 Europe Hybrid and Electric Vehicle Battery Market 5.2.1 Europe hybrid and electric vehicle battery market, by country- France, Germany, U.K., Rest of Europe © P&S Market Research. All rights reserved 4
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