Electric Vehicle Components Market to Grow at Robust CAGR Through 2025
Growing adoption of electric
vehicles and favorable government policies to drive global electric vehicle
components market until 2025
According
to TechSci Research report, “Global Electric
Vehicle Components Market By Component, By Vehicle Type, By End User, By
Region, Competition, Forecast & Opportunities, 2025”, the global electric vehicle components market is predicted
to grow at CAGR of close to 30% during the forecast period on account of growing
awareness pertaining to vehicle pollution. As a result, people are readily
adopting electric vehicles and governments in various countries have introduced
schemes such as incentives, subsidies, tax rebates, etc., to push the sales of
electric vehicles across the globe. Growing production and sales of electric
vehicles is also projected to contribute towards the demand for electric
vehicle components during the next five years.
Browse market data Tables and Figures spread through Pages and an
in-depth TOC on " Electric Vehicle Components Market "
https://www.techsciresearch.com/report/-electric-vehicle-components-market/4462.html
Electric
vehicle components market, globally, can be segmented based on component, vehicle
type, end user and region. Based on component, market can be segregated into battery
pack, electric motor, controller, vehicle interface control module, among
others. Battery pack is expected to hold the largest share as the segment
contributes roughly 30-40% to the overall cost of an electric vehicle and plays
pivotal role in vehicle operation.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4462
Customers can also request for 10% free customization on
this report.
Robert Bosch GmbH, Denso
Corporation, Samsung SDI Co. Ltd., Contemporary Amperex Technology Co. Ltd.
(CATL), BYD Co. Ltd., Siemens AG, Hitachi Ltd., Mitsubishi Electric Corp., OptimumNano
Energy Co. Ltd., among others are the leading players operating in
global electric vehicle components market. The automotive players in the market
are focusing on organic strategies such as product development to retain their
lead in the market. For instance, earlier automakers used lithium-iron
phosphate or LFP batteries as it has longer life cycle but in the past few
years, players are switching to lithium nickel manganese cobalt oxide (NMC)
batteries as it helps to extend the range of the electric vehicle.
“Asia-Pacific is expected to lead the global electric vehicle components
market on account of early adoption of electric vehicle fleet in countries like
China, India, Japan and presence of leading automotive players in the region.
Additionally, presence of adequate electric vehicle charging infrastructure and
increasing government focus on electrification of public fleets is anticipated to propel electric vehicle
components market in the region over the next five years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Electric Vehicle Components Market By
Component, By Vehicle Type, By End User, By Region, Competition, Forecast &
Opportunities, 2025” has
evaluated the future growth potential of global Electric Vehicle Components market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global Electric Vehicle Components market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]