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| A07971 | Pages: NA | Aug 2021 | 834 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Electric Light Commercial Vehicle Lithium-ion Battery Market
Request Now !A lithium-ion battery (LIB) is a type of rechargeable battery, which is commonly used in various industrial applications such as automotive, medical devices and even in aerospace. LIB is widely used in the field of electric light commercial vehicle due to its high energy concentration and long cycle life. Furthermore, electric light commercial vehicle has gained a considerable consumer popularity & acceptance recently. Major improvements in the performance of an electric light commercial vehicle such as long driving range after a single charge & high acceleration of electric vehicles have been boosting the demand for electric light commercial vehicle. Thereby, guaranteeing the safety and extended service life for the electric light commercial vehicle. Therefore, the safety & security provided by the battery management system is expected to drive the market growth for the global electric light commercial vehicle lithium-ion battery management system market in the near future.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Battery Type, Topology, and Region |
Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
Companies covered |
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COVID-19 scenario analysis:
Growth in trend of electric vehicles, need for effective electric grid management, and increase in requirement for battery monitoring in renewable energy systems drive the growth of the global market. However, lack of standardized regulations for developing lithium-ion battery management systems and high manufacturing & maintenance cost are expected to hamper the growth of the market. Contrarily, increase in adoption of battery-operated light commercial vehicles, government initiatives encouraging the use of electric vehicles and setting up of e-charging stations creates a favourable condition for the adoption of electric vehicles, which are anticipated to provide lucrative opportunity for the market growth.
The electric light commercial vehicle lithium-ion battery management system market trends are as follows:
The commercial segment is the second largest contributor to the carbon-emissions after the industrial segment and due to an increase in the prices of petrol and diesel, an indirect push toward the battery-operated vehicles has been experienced globally. Furthermore, several carbon-discharge controlling regulations regarding fuel-operated commercial vehicles such as national highway traffic safety administration (NHTSA) certification process have compelled manufacturers to take measures for reducing its fuel consumption significantly. For instance, NHTSA have conducted a workshop on the certification process for light commercial vehicle to comply with fuel-efficiency standards. With increase in number of government regulation & policies, there will be reduction in the emission of greenhouse gases and air pollutants. Therefore, the increase in adoption of battery-operated light commercial vehicles is anticipated to boost the growth for the electric light commercial vehicle lithium-ion battery management system market.
Key segments covered:
Segments | Sub-segments |
Battery Type |
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Topology |
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Key benefits of the report:
Questions answered in the global electric light commercial vehicle lithium-ion battery management system market research report:
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