Japan Electric Vehicle Battery Market to Expand with Significant CAGR During 2019 – 2026
Electric vehicle battery is also called rechargeable battery in automobile industry as rechargeable battery is comply with the aim to reduce carbon emission and meet sustainability due to which they have gained massive popularity. The battery consists hundreds of small, individual cells arranged in a series or parallel configuration to achieve the desired voltage and capacity in the final pack. The battery cell holds electrodes (anode and cathode) and electrolyte to produce electric current using chemical reaction and store that energy to drive the electric vehicle. Various type of batteries is used in electric vehicle such as lithium-ion, lead-acid and nickel-metal based used in an electric vehicle. The lithium-ion battery is widely accepted in electric vehicle due to its unique characteristics such as fast charging, long lifespan, lightweight etc.
Rising environmental concerns owing to carbon emission from conventional vehicles and continuous developments in engineering and technology is leading to an increase in demand for the electric vehicles which further leads to the growth for electric vehicle battery market in Japan. Moreover, several government policies and regulation helping to create an environment to encourage the growth of electric vehicle, which further increases the demand of electric vehicle battery market. In addition, government is also taking various initiative to build charging infrastructure. Japanese government is providing subsidies for people buying electric and hybrid cars have boosted the network of charging points. Moreover, reduced cost of battery and improved battery performance in electric vehicle such as fast charging, reduced battery degradation etc are propelling the market growth. However, availability of alternative fuels and high cost of electric vehicle are restraining the growth of electric vehicle battery market in Japan.
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Various notable players in the Japan Electric vehicle battery market include Automotive Energy Supply Corporation (AESC) (Japan), Hitachi Automotive Systems Ltd. (Japan), Yuasa International Ltd., Panasonic Corporation, Mitsubishi Motors Corporation, DENSO Corporation, Toshiba Corporation, ENAX, Inc., Sanyo Electric Co., Ltd. Primearth EV Energy Co., NEC Corporation, and among others.
The Japan Electric vehicle Battery market has been segmented on the basis of battery type, vehicle technology, and vehicle type. Based on battery type market is categorized into lithium ion battery, lead acid battery, and others. On the basis of vehicle technology, market is segmented into battery electric vehicles, hybrid electric vehicles, plug-in hybrid electric vehicles. Based on the vehicle type market is segmented into electric car, two-wheeler, electric buses and trucks and others.
The research report “Japan Electric Vehicle Battery market” provides an in-depth analysis of Japan electric vehicle battery market based on battery type, vehicle technology and vehicle type for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the Japan EV battery market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
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Key questions answered in this research report:
1- At what pace is the Japan Electric Vehicle Battery market growing? What will be a growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the various application areas and how they are poised to grow?
By Battery Type
• Lithium Ion Battery
• Lead Acid Battery
By Vehicle Technology
• Battery Electric Vehicles
• Hybrid Electric Vehicles
• Plug-in Hybrid Electric Vehicles
By Vehicle Type
• Electric Cars
• Electric Buses & Trucks
Leading Market Players
• Automotive Energy Supply Corporation (AESC)
• Hitachi Automotive Systems Ltd.
• Yuasa International Ltd.
• Panasonic Corporation
• Mitsubishi Motors Corporation
• DENSO Corporation
• Toshiba Corporation
• ENAX, Inc.
• Sanyo Electric Co., Ltd.
• Primearth EV Energy Co.
• NEC Corporation
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