Battery Electric Vehicle Market Trends, Analysis & Forecast, 2032

As per a recent research report, Battery Electric Vehicle Market to surpass USD 1 trillion by 2032.

Battery Electric Vehicle Market is anticipated to witness robust growth between 2023 and 2032, primarily owing to the increasing investments in R&D initiatives by BEV OEMs, especially in North America and Europe. Besides, the demand for electric mobility is rapidly rising in the Latin America region, which will further drive the product demand during the foreseeable future.

Request for Sample Copy report @  https://www.gminsights.com/request-sample/detail/3181

To cite an instance, in February 2023, Sheffield, UK announced new clean air zones in the city and announced that any vehicle, including buses, coaches, vans, and taxis, that fail to meet the strict emission standards of the city will be fined around USD 60 before being allowed to enter the city.

On the basis of the battery, the market is likely to be characterized by the Li-ion segment, which was valued at more than USD 100 billion in 2022. The rapid expansion of this segment can be attributed to the rising demand for electric vehicles, which are largely dependent on Li-ion batteries. As per reports, in 2021, the sales of electric cars tripled and reached 3.3 million in China. Besides, in the same year, the number of electric cars in the United States sold doubled and reached 6,30,000, while in Europe, it increased by 65% and reached 2.3 million units.

In addition, favorable features of Li-ion batteries such as durability, low rate of self-discharge, bare minimum maintenance cost, high power density, and much lower environmental impact are increasing their adoption across various industry verticals, which will propel the product demand by 2032.

Request for customization this report @    https://www.gminsights.com/roc/3181

In the regional context, the North America battery electric vehicle market was valued at more than 30 billion in 2022. The future growth of the regional market during 2023 and 2032 will be driven by the continuous efforts by countries such as United States and Canada to advance and develop innovative battery systems with huge power delivery capabilities.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Battery electric vehicle industry 360° synopsis, 2018 - 2032

2.1.1    Business trends

2.1.1.1   Total Addressable Market (TAM), 2023 - 2032

2.1.2    Vehicle trends

2.1.3    Battery type trends

2.1.4    Regional trends

Chapter 3   Industry Insights

3.1    Introduction

3.2    Impact of COVID-19

3.2.1    North America

3.2.2    Europe

3.2.3    Asia Pacific

3.2.4    Latin America

3.2.5    MEA

3.3    Russia-Ukraine war impact

3.4    China-U.S.trade war impact

3.5    Industry ecosystem analysis

3.5.1    Component suppliers

3.5.2    Technology providers

3.5.3    Manufacturers

3.5.4    End-use landscape

3.5.5    Distribution channel analysis

3.5.6    Profit margin analysis, 2022

3.5.7    Vendor matrix

3.6    Technology & innovation landscape

3.7    Patent landscape

3.8    Key initiative & news

3.9    Regulatory landscape

3.9.1    North America

3.9.2    Europe

3.9.3    Asia Pacific

3.9.4    Latin America

3.9.5    MEA

3.10    Industry impact forces

3.10.1    Growth drivers

3.10.1.1    Stringent government regulations to reduce carbon emission globally

3.10.1.2    Rapid investments in R&D by BEV OEMs in Europe and North America

3.10.1.3    Growing requirement for lower cost and clean transportation solutions in Asia Pacific

3.10.1.4    Rising inclination toward electric mobility in Latin America

3.10.1.5    Strong demand for premium electric vehicles in Middle East & Africa

3.10.2    Industry pitfalls & challenges

3.10.2.1    High charging time along with limited charging infrastructure

3.10.2.2    High initial cost associated with fully electric vehicles

3.11    Investment landscape

3.12    Growth potential analysis

3.13    Porter's analysis

3.13.1    Supplier power

3.13.2    Buyer power

3.13.3    Threat of new entrants

3.13.4    Threat of substitutes

3.13.5    Internal rivalry

3.14    PESTEL analysis

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari
Corporate Sales, USA
Global Market Insights Inc.
Toll Free: +1-888-689-0688
USA: +1-302-846-7766
Europe: +44-742-759-8484
APAC: +65-3129-7718
Email: sales@gminsights.com 

Comments

Post a Comment

Popular posts from this blog

Commercial Vehicle Market 2024-2032; Growth Forecast & Industry Share Report

Commercial Vehicles Market size is predicted to reach USD 15.9 Tn by 2032. The market growth is fueled by the rising urbanization, increasing industrial activities, and technological advancements. The expanding global economy is pushing the demand for transportation of goods & services. With the rise of e-commerce and the need for efficient last-mile delivery solutions, particularly in urban areas, commercial vehicles sales have witnessed an uptick in the recent years. Additionally, the stringent emission regulations worldwide are pushing fleet operators to upgrade to cleaner and more fuel-efficient vehicles, contributing to market expansion. Request for Sample Copy report @     https://www.gminsights.com/request-sample/detail/7430 Moreover, advancements in driver-assistance technologies and the integration of automation are enhancing safety standards and optimizing operational efficiency of commercial vehicles, adding to their popularity. In September 2023, Amazon ...
Read more

Train Dispatching Market Trends, Analysis & Forecast, 2032

As per a recent research report, Train Dispatching Market surpass USD 2 Bn by 2032. The rapid rate of urbanization as well as demographic growth worldwide will influence the market growth. In recent years, the increasing number of passengers travelling by rail network have spurred the higher focus of government bodies on enhancing the rail services. The growing government support across the globe for upgrading the railway infrastructure to speed up passenger journeys for ensuring interoperability will further drive the demand for train dispatching. However, the dearth of standards and protocols along with the rising concerns over interoperability in connected railway train dispatching systems may limit the industry expansion to some extent. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/5805 On the basis of offerings, the demand for train dispatching services is poised to record over 12% CAGR from 2023-2032. The rising popularity of mul...
Read more

DataOps Platform Market Trends, Analysis & Forecast, 2032

As per a recent research report, DataOps Platform Market to surpass USD 25 Bn by 2032. The exponential increase in data volume and variety that necessitates efficient data management solutions is fueling the industry growth. DataOps platforms enable organizations to streamline data pipelines, automate workflows, and ensure data quality and governance. Also, the rise of cloud computing and the adoption of Big Data technologies has fueled the demand for DataOps platforms. These platforms provide scalable infrastructure & support for data-intensive workloads. The growing emphasis on data-driven decision-making and the need for real-time analytics have propelled the solution adoption as these platforms enable organizations to process and analyze data in a timely manner, facilitating faster & accurate decision-making. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/5981 DataOps platform market from the he cloud segment is projected to...
Read more