Vehicle Battery Market

1. A new Fairfield Market Research report forecasts a steady growth outlook for global vehicle battery market. With e-mobility accelerating and the key nations targeting zero-emission transportation over the next decade, vehicle battery sales are expected to account for over US$43 Bn by the end of 2030. At an estimated CAGR of 4.6%, vehicle battery market is all set to gain significantly from advancing battery technology. The report suggests that while lithium-ion battery is poised for a whopping 15% sales growth through the forecast period, it will remain the most sought-after battery type with a longer life span, higher energy density, and greater higher safety quotient. ????????????????????????????????: https://www.fairfieldmarketresearch.com/report/vehicle-battery-market/request-sample Advancing Battery Technology Offers a Major Thrust to Vehicle Battery Market Growth Predictions about auto industry indicate a strong chance of electric vehicles outnumbering conventional vehicles over the next couple of decades. With the sustainable mobility movement picking up worldwide, vehicle battery sales will remain buoyant. The role of governments, and non-government entities will remain crucial as they announce substantial investments, and a number of initiatives to promote EVs, boost battery technologies, and accelerate the development of charging infrastructure for EVs and hybrid EVs. Advent of battery technology holds the promise to enhance performance, improve life span, and boost safety, which is complementing soaring EV sales. Vehicle Battery Market Competition The report presents a detailed analysis of the key competitors in global vehicle battery market in its competitive analysis section. Some of the prominent market players that have been profiled here in the report, include BYD Company Limited, Johnson Controls International PLC, Panasonic Corporation, SAMSUNG SDI Co., Ltd., LG Chem Ltd., and Contemporary Amperex Technology Co., Limited. Leading battery makers are likely to join hands with researchers over

2. R&D around innovative battery technologies. High-density vehicle batteries are expected to garner attention from researchers, as well as start-ups. Faster charging, and amplified storage will remain the core areas in terms of R&D investments. Asia’s Fast-developing Markets Hold the Maximum Opportunity for Vehicle Battery Makers While North American, and European nations will remain at the forefront of demand generation with their regulatory support to electric vehicles (EVs), the market is also projected to benefit across some of the major developing economies that have been witnessing a transformation in their regulatory framework in favour of EVs. China, the world’s largest manufacturing hub, suffered the heat of COVID-19 pandemic. A substantial plunge in auto sales also held a major impact on the Chinese market through 2020. The market however recovered relatively quickly after the crisis started subsiding. China currently houses more than 45% of the world’s total battery manufacturing brands and continues to spearhead Asia Pacific in vehicle battery landscape. Besides, Japan, and South Korea represent high-potential markets in the region and will capture the lion’s share in the lead of Asia Pacific. About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever- changing needs of customers are met with absolute promptness. Contact Fairfield Market Research London, UK UK +44 (0)20 30025888 USA (Toll-free) +1 (844) 3829746 Web: https://www.fairfieldmarketresearch.com/ Email: sales@fairfieldmarketresearch.com Follow Us: LinkedIn