Battery Market: Advances in Electro Mobility Accentuate Cost Reduction for Battery Storage Systems


Published on : Sep 13, 2019

There has been palpable rise in the number of electrical vehicles (EVs) as the International Energy Agency’s (IEA) 2019 report predicts there would be 250 million electric vehicles by 2030. The IEA in its report examined major areas of interest such as charging infrastructure, battery material demand and carbon dioxide emissions. The rate of cost reduction for battery storage systems will potentially continue for the next decade and will be linked to the advance of electro mobility. The IEA in its report states that by 2025 batteries will notably use cathode chemistries which are less dependent on cobalt, including NMC 532, NMC 622 or NMC 811 or advanced NCA batteries.

These deep-dive assessment is according to the intelligence report, titled, “Global Battery Market by Battery Types, Transport Segments, Regions, Companies,” which has been freshly added to Market Research Hub’s (MRH) ever-expanding repository.

The technology developments are set to fuel the growth of battery market as the tendency to redesign vehicle manufacturing platforms using innovative and simpler design architecture that cash in on the compact dimensions of electric motors has fared well for the growth of battery market. Predominantly, use of big data to ward off over sizing the batteries and customize battery size will be instrumental for heavy duty vehicles.

Surge in the use of lithium –ion batteries has instilled confidence among the pertinent companies in battery market. Of late, inclination to reduce the negative impact linked with the use of internal combustion engine powered transportation has rekindled interest in electrified transportation.

Battery Market: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the battery market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the battery market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on battery.

An insightful and deep-dive assessment of the competitive assessment of the battery market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the battery market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Battery Market: Research Methodology

Primary sources and secondary sources propel intelligence report on battery market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on battery market further acknowledges secondary sources - namely - Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.

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