According to the research literature titled ‘Global Lithium-ion Electric Vehicle Battery Market (Value, Volume) a?? Analysis By Chemistry Type (LMO, NMC, LFP, Others), Vehicle Type (BEV, HEV, PHEV), By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global lithium-ion electric vehicle battery market was valued USD 13.5 billion in 2019 and is projected to register a healthy CAGR over 2020-2025.
 

As per the findings of the report, growing inclination towards sustainable energy sources and green development, rising number of favorable government initiatives, and escalating demand for electric vehicles are supporting global lithium-ion electric vehicle battery market development. Further, technological advancements in electric vehicles are enhancing the industry outlook.
 

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Based on chemistry type, the market is fragmented into lithium-ion nickel manganese cobalt oxide (NMC), lithium-ion manganese oxide (LMO), lithium-ion iron phosphate (LFP), among which, the NMC segment is touted to showcase strong growth trends through 2025.  
 

Considering vehicle type, the market is divided into HEV, BEV, and PHEV. Of these, HEV segment is witnessing strong gains owing to convenience of fuel and battery for powering the vehicle, however, the market for BEV will expand at a rapid pace in the forthcoming years.
 

On the geographical front, Americas (United States, Canada, Mexico, Brazil), Europe (Germany, France, United Kingdom), and Asia Pacific (Japan, China, South Korea) are the prime growth avenues in the worldwide lithium-ion EV battery industry.
 

Expert analysts cite that Asia Pacific market size is anticipated to expand significantly in the upcoming years, creditable to increasing preference of end-users towards lithium-ion battery over other battery chemistries, and escalating demand for electric vehicles in the region.
 

The research literature makes an individual all the sub-markets, inclusive of details on the size, shares, and potential over the assessment period, followed by a comprehensive review of the competitive arena with respect to the leading players, upcoming contenders, and new entrants.
 

Top-tier companies profiled in the report are AESC (Automotive Energy Supply Corporation), A123 Systems LLC, Contemporary Amperex Technology Co. Ltd., CBAK Power Battery Co. Ltd., GS Yuasa Corp., BYD Auto Co. Ltd., LG Chem Ltd., Samsung SDI Co. Ltd., Toshiba Corp., and Panasonic Corp.