BlueWeave Consulting Global Electric Vehicle Battery Market Expected to | Page 2
the Global Electric Vehicle Battery market in 2017 and is estimated to witness the highest growth during
2018-2025. On the vehicle technology basis, the market is segmented into BEV, PHEV, and HEV. BEV
accounted for the largest segment in the Global Electric Vehicle Battery market in 2017. On the basis of
vehicle type, the market is segmented into Commercial Vehicle, Passenger Car and Two Wheeler.
On the basis of region, the market is segmented into five parts namely North America, Asia Pacific,
Europe, Latin America, and Middle East & Africa. Asia Pacific was the largest region in the global electric
vehicle battery market in 2017 with a market share of 70.4% and it is estimated to grow over a CAGR of
over 19.26% during 2018-2025.
Global Electric Vehicle Battery Market: Competitive Dynamics
Companies, such as Panasonic Corporation, Mitsubishi Electric Corporation, Samsung Electronics Co.
Ltd., Johnson Controls International Plc, Toshiba Corporation, Automotive Energy Supply Corporation,
LG CHEM Ltd., and BYD Company ltd, Ltd. are the key players in manufacturing electric vehicle battery
globally. In terms of product offerings, Panasonic Corporation and BYD Company Ltd are the major
players in the market, providing electric vehicle battery.
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