Increasing Awareness about Technology with Less Emission to Boost Global New Energy Vehicle Lithium Ion Battery Market

Published On : 09 Jan 2019

The rising demand for high energy density market and increasing people preference towards the pollution free air and technology with the less emission and increasing government and private equal investment in electric vehicle industry are some of the factors propelling demand for lithium ion battery and this further lead to exceptional growth of the global new energy vehicle lithium ion battery in coming years. In addition the global new energy vehicle lithium ion battery market is expected to witness significant growth during the course of forecast period from 2018 to 2026.

High Import Taxes for New Energy Vehicle Lithium Ion Battery May Limit Market Growth

On the other hand, the stringent regulation toward the pollution norms that are affecting the players, volatile increase in raw material, high import taxes, and political disturbance and low FDI in South Africa are some of the factors negatively impacting growth of the global new energy vehicle lithium ion battery market in upcoming years. Apart from this, there are also few trends and opportunity uplifting the growth of the new energy vehicle lithium ion battery market. these factors includes reduction in the size of electric vehicles, technology advancement in electric vehicles and innovation such as zebra entering are some of the factors boosting growth of the global new energy vehicle lithium ion battery market in the foreseeable future. However, development of alternative technology as a source of fuel and improvement in battery charging infrastructure are some of the key challenging factors may stimulate growth of this market in the near future. 

Presence of large Number of Prominent Players to Boost Market Growth

The presence of large and small players in the global new energy vehicle lithium ion battery market is likely to demonstrate fragmented structure. Some of the players operating in the global new energy vehicle lithium ion battery are Leoch International Technology, Johnson Control, Primearth EV Energy, Storage Battery Systems (SBS), and Axion Power International.

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From a geographical point of view, North America is likely to dominate the global new energy vehicle lithium ion battery market owing to increase in technological advanced infrastructure in the North America, especially in U.S. and Canada. The rising infrastructure growth in these regions is likely to influence market growth in the upcoming years. However, other economy such as Asia Pacific is likely to offer promising growth opportunities for this market owing to increasing concern towards the cleaner air. These are some of the factors stimulating growth in these regions too.

Furthermore, another economy such as APEJ is most lucrative region for the growth of the global new energy vehicle lithium Ion battery market in the coming years.
Passenger Car segment of Vehicle Type segment Dominate Global New Energy Vehicle Lithium Ion Battery Market

On the basis of vehicle type, the passenger car segment is highly lucrative and expected to dominate the global new energy lithium ion battery market in the foreseeable future. This segment is likely to account for maximum revenue share in the global new energy vehicle lithium ion battery market.

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