Global Automotive Lithium Ion Battery Pack Market Poised to Witness Impressive CAGR of 12% through 2026

ALBANY, USA, 2018-Mar-28 — /EPR Network/ —A new research study titled “Global Market Study on Automotive Lithium Ion Battery Pack: Passenger Cars to Lead the Global Market in Terms of Revenue During 2017-2026” has recently been submitted to the database of Market Research Reports Search Engine (MRRSE). According to the report, the global automotive lithium ion battery pack market is likely to grow at over 12% CAGR through 2026.

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The report offers detailed insights on the global automotive lithium ion battery packs market, highlighting the key developments that are shaping the landscape. In addition to detailed insights on the drivers, restraints, opportunities, and threats that are shaping the landscape, the report also profiles some of the leading players in the market. The product and business strategies of the key players have been discussed in detail, and a complete competitive analysis has been included for the perusal of the readers.

According to the report, demand for automotive lithium ion battery pack is directly dependent on the broader developments in the automotive industry. Steady growth of the automotive sector in many developing countries, along with resurgence of the industry in the US has led to increased demand for these battery packs. The report projects that broader developments in the automotive industry will provide an impetus to growth of the market during the assessment period.

The report segments the global automotive lithium ion battery pack market into vehicle, vehicle type, battery capacity and region. The vehicle segment is further sub-segmented into full battery electric vehicle, plug-in-hybrid vehicles and hybrid electric vehicle. The vehicle type segment is categorized into HCV, LCV, passenger car and others. The battery capacity segment divides the global market into less than 20 KWH, 21-40 and more than 41. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan.

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According to the report, APEJ will continue to be one of the most lucrative markets for automotive lithium ion battery packs globally. The demand for these battery packs in APEJ is likely to be driven by steady growth of the automotive industry in China and India.

The report profiles some of the leading players operating in the market. Some of these players are CBAK Energy Technology, Inc, BYD Company Limited, Panasonic Corporation, GS Yuasa Corporation, Samsung SDI Co., Ltd., LG Chem Ltd., Tesla Motors, Inc., Saft Groupe SA, Hitachi Chemical Company, Ltd., Wanxiang Group Corporation and Saft Groupe SA.

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