High Voltage Battery Market

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the high voltage battery market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (OEMs) and supply-side (battery manufacturers) across major regions, namely, North America, Europe, Asia Oceania, and the Rest of the World. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

Secondary Research

The secondary sources referred for this research study include automotive industry organizations such as the Organisation Internationale des Constructeurs d’Automobiles (OICA), corporate filings (such as annual reports, investor presentations, and financial statements), Factiva, Crunchbase, Bloomberg and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.

High Voltage Battery Market

The high voltage battery market is projected to grow at a CAGR of 38.95% from 2018 to 2025, and the market size is projected to grow from USD 8.9 billion in 2018 to USD 89.1 billion by 2025. The study involves 4 main activities to estimate the current size of the high voltage battery market. Exhaustive secondary research was done to collect information on the market, such as battery types, upcoming model launches, and upcoming battery chemistry. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A bottom-up approach was employed to estimate the complete market size for different segments considered under this study.

Download PDF: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=117295368

High Voltage Battery Market Report Objectives

• To analyze and forecast the high voltage battery market, in terms of  volume (’000 units) and value (USD million), from 2018 to 2025
• To define, describe, and forecast the high voltage battery market, by volume and value, based on vehicle type (Passenger Car, Bus, and Truck)
• To define, describe, and forecast the high voltage battery market, by volume and value, based on battery type (LFP, NCA. NMC, and Others)
• To define, describe, and forecast the high voltage battery market, by volume and value, based on by driving range (100–250 miles, 251–400 miles, 400–550 miles, and >500 miles)
• To define, describe, and forecast the high voltage battery market, by volume and value, based on battery capacity  (75–150 kWh, 151–225 kWh, 225–300 kWh, and >300 kWh)
• To analyze and forecast the high voltage battery market across 4 key regions, namely, Asia Oceania, Europe, North America, and the Rest of World (RoW)
• To define, describe, and analyze the high voltage battery market, based on voltage (400–600 V and >600 V)
• To analyze the regional markets for growth trends, prospects, and their contribution to the total market
• To strategically profile key players in the high voltage battery market and comprehensively analyze their market share analysis and core competencies
• To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by the key industry players
• To define and analyze the stakeholders in the high voltage battery market and provide a detailed competitive landscape
• To analyze the opportunities offered by various segments of the high voltage battery market to the stakeholders

Asia Oceania is expected to account for the largest market size during the forecast period.

Asia Oceania is projected to hold the largest market share. Factors such as dominating Chinese EV industry, strong economic growth, increasing focus toward smart cities, development related to Gigafactory setup, and favorable government policies have triggered the demand for high voltage battery in the region. China accounts for the highest market share of 78.8% of the global high voltage battery market, which can be attributed to the ever-growing production of electric buses in the country. Additionally, China and South Korea, home for the largest battery manufacturers, play a key role in the high voltage battery supply chain industry in the Asia Oceania region. On the other hand, when compared to the European and North American region, people from the Asia Oceania region prefer economic electric cars with a driving range of >100 miles. This trend is expected to change with the entry of Tesla model 3 in the country. According to Tesla, the company is planning to produce 500,000 cars in China. Such developments are expected to help Asia Oceania dominate the high voltage battery market in the near future as well.

To speak to our analyst for a discussion on the above findings

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=117295368

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Source:High Voltage Battery Market worth $89.1 billion by 2025