The US electric vehicle battery market is estimated to grow at a CAGR of over 11.0% during the forecast period. US Electric Vehicle Battery Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms to have constant observation of latest market trends which keep on changing. Constants shifts in the trends and key advancements are observed in the market through this US Electric Vehicle Battery Market report and inform key firms about them. By knowing this, business owners can take effective actions before actually developing any product or service. It also aims at offering thorough knowledge regarding competitors to assist them in taking strategic decision making.
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The key players operating in the market include Panasonic Corp., Hankook AtlasBX Co., Ltd., EnerSys, Inc., Crown Battery, Hitachi, Ltd., C&D Technologies, Inc., NEC Corp., and SK Innovation Co. Ltd. In January 2020, SK Innovation Co. Ltd revealed its plan to build a second electric vehicle battery plant with a capacity equivalent to 10 GWh in Georgia, the US. The second EV battery plant is anticipated to meet the rising demand of the electric vehicle batteries for Volkswagon AG’s electric vehicles, which in turn is expected to promote the growth of the electric vehicle battery market in the US.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
US Electric Vehicle Battery Market Report Segment
By Vehicle Type
- Commercial Vehicles
- Passenger Cars
- Two-Wheelers
By Battery Type
- NiMH
- Li-ion
- Others
By Propulsion Type
- Battery Electric Vehicles
- Plug-in Hybrid Electric Vehicle
The Report Covers
- Comprehensive research methodology of the US electric vehicle battery market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US electric vehicle battery market.
- Insights about market determinants which are stimulating the US electric vehicle battery market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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