Market Overview:
The global natural gas automotive power battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for alternative fuel vehicles and rising concerns over environmental pollution. The global natural gas automotive power battery market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into ternary battery, lithium iron phosphate battery, and other batteries. The ternary battery segment is expected to hold a major share in the global natural gas automotive power battery market owing to its high efficiency and longer life span as compared to other types of batteries. On the basis of application, the market is divided into CNG automotive and LNG automotive applications. The CNG automotive application segment dominates this market owing to its growing popularity as an environmentally friendly fuel option across various regions worldwide.
Product Definition:
A natural gas automotive power battery is a battery that uses compressed natural gas (CNG) as its energy source. These batteries are used to power vehicles that run on CNG, such as buses and trucks. Natural gas automotive power batteries are important because they help reduce emissions from these vehicles and improve their fuel efficiency.
Ternary Battery:
A ternary battery is a special type of rechargeable battery with three electrodes instead of the conventional two. It has been developed to provide higher energy density than lithium-ion batteries and can be used in applications where high power and long life are required such as electric vehicles, grid storage, telecommunication base stations, etc.
Lithium Iron Phosphate Battery:
Lithium iron phosphate battery (LiFePO4) is a rechargeable battery used in natural gas automotive power systems. It has the potential to be used as a replacement for lead-acid batteries and can also be used in electric vehicles. Lithium iron phosphate is an advanced ceramic material that offers high energy density, excellent safety, and long cycle time with minimal self-discharge.
Application Insights:
CNG automotive application dominated the global natural gas automotive power battery market in terms of revenue share in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising use of compressed natural gas as fuel for vehicles across various regions, such as Asia Pacific and Europe. In addition, growing demand for clean-burning vehicles with low maintenance cost is expected to drive the growth over the forecast period.
LNG automotive application is also estimated to witness significant growth during the study period owing to increasing use of LNG as fuel source in vehicle engines globally due largelyto its higher energy content per unit volume than that provided by gasoline or diesel fuels on a global scale and availability at reasonable prices aroundthe world which makes it an attractive alternative fuel source for automakers worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to increasing natural gas vehicle production in China and India. The growing number of CNG vehicles and LNG vehicles in countries such as China, Japan, South Korea, Thailand, Singapore and India is anticipated to drive the global natural gas automotive power battery market growth.
The European region accounted for a significant share of revenue generation owing to large scale adoption of electric cars across major economies including Germany. However; some countries such as Norway continue to produce high numbers of gasoline fueled cars despite being early adopters for electric cars. This scenario is likely going forward because Norway has one of the highest per capita incomes across all emerging markets making it an attractive place for investors looking for high returns with low risk involved.
North America was estimated as one of the largest regional markets in 2017 on account that U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This would create a high demand for natural gas automotive power batteries, thereby driving the market growth.
- Government initiatives and regulations supporting the use of electric vehicles: Governments across various countries are promoting the use of electric vehicles through various initiatives and regulations. This is expected to drive the demand for natural gas automotive power batteries in the coming years.
- Development of advanced technologies: The development of advanced technologies such as solid-state batteries is expected to provide opportunities for growth in the natural gas automotive power battery market during the forecast period. These advancements are likely to result in increased adoption rates of these batteries, thereby propelling market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Gas Automotive Power Battery Market Research Report
By Type
Ternary Battery, Lithium Iron Phosphate Battery, Other
By Application
CNG Automotive, LNG Automotive
By Companies
Panasonic, Envision Aesc, LG Chemical, BYD, Lithium Energy Japan, Gotion, Tianneng Co.,Ltd, Hitachi, Pride Power, BatScap, Accumotive, Bak Power
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Natural Gas Automotive Power Battery Market Report Segments:
The global Natural Gas Automotive Power Battery market is segmented on the basis of:
Types
Ternary Battery, Lithium Iron Phosphate Battery, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
CNG Automotive, LNG Automotive
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- Envision Aesc
- LG Chemical
- BYD
- Lithium Energy Japan
- Gotion
- Tianneng Co.,Ltd
- Hitachi
- Pride Power
- BatScap
- Accumotive
- Bak Power
Highlights of The Natural Gas Automotive Power Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ternary Battery
- Lithium Iron Phosphate Battery
- Other
- By Application:
- CNG Automotive
- LNG Automotive
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Natural Gas Automotive Power Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A natural gas automotive power battery is a type of electric vehicle battery that uses compressed natural gas (CNG) as its energy source. CNG is a clean-burning fuel that does not produce emissions, making it an attractive option for electric vehicles.
Some of the major companies in the natural gas automotive power battery market are Panasonic, Envision Aesc, LG Chemical, BYD, Lithium Energy Japan, Gotion, Tianneng Co.,Ltd, Hitachi, Pride Power, BatScap, Accumotive, Bak Power.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Natural Gas Automotive Power Battery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Natural Gas Automotive Power Battery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Natural Gas Automotive Power Battery Market - Supply Chain
4.5. Global Natural Gas Automotive Power Battery Market Forecast
4.5.1. Natural Gas Automotive Power Battery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Natural Gas Automotive Power Battery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Natural Gas Automotive Power Battery Market Absolute $ Opportunity
5. Global Natural Gas Automotive Power Battery Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Natural Gas Automotive Power Battery Market Size and Volume Forecast by Type
5.3.1. Ternary Battery
5.3.2. Lithium Iron Phosphate Battery
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Natural Gas Automotive Power Battery Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Natural Gas Automotive Power Battery Market Size and Volume Forecast by Application
6.3.1. CNG Automotive
6.3.2. LNG Automotive
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Natural Gas Automotive Power Battery Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Natural Gas Automotive Power Battery Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Natural Gas Automotive Power Battery Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Natural Gas Automotive Power Battery Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Natural Gas Automotive Power Battery Demand Share Forecast, 2019-2026
9. North America Natural Gas Automotive Power Battery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Natural Gas Automotive Power Battery Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Natural Gas Automotive Power Battery Market Size and Volume Forecast by Application
9.4.1. CNG Automotive
9.4.2. LNG Automotive
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Natural Gas Automotive Power Battery Market Size and Volume Forecast by Type
9.7.1. Ternary Battery
9.7.2. Lithium Iron Phosphate Battery
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Natural Gas Automotive Power Battery Demand Share Forecast, 2019-2026
10. Latin America Natural Gas Automotive Power Battery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Natural Gas Automotive Power Battery Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Natural Gas Automotive Power Battery Market Size and Volume Forecast by Application
10.4.1. CNG Automotive
10.4.2. LNG Automotive
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Natural Gas Automotive Power Battery Market Size and Volume Forecast by Type
10.7.1. Ternary Battery
10.7.2. Lithium Iron Phosphate Battery
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Natural Gas Automotive Power Battery Demand Share Forecast, 2019-2026
11. Europe Natural Gas Automotive Power Battery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Natural Gas Automotive Power Battery Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Natural Gas Automotive Power Battery Market Size and Volume Forecast by Application
11.4.1. CNG Automotive
11.4.2. LNG Automotive
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Natural Gas Automotive Power Battery Market Size and Volume Forecast by Type
11.7.1. Ternary Battery
11.7.2. Lithium Iron Phosphate Battery
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Natural Gas Automotive Power Battery Demand Share, 2019-2026
12. Asia Pacific Natural Gas Automotive Power Battery Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Natural Gas Automotive Power Battery Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Natural Gas Automotive Power Battery Market Size and Volume Forecast by Application
12.4.1. CNG Automotive
12.4.2. LNG Automotive
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Natural Gas Automotive Power Battery Market Size and Volume Forecast by Type
12.7.1. Ternary Battery
12.7.2. Lithium Iron Phosphate Battery
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Natural Gas Automotive Power Battery Demand Share, 2019-2026
13. Middle East & Africa Natural Gas Automotive Power Battery Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Natural Gas Automotive Power Battery Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Natural Gas Automotive Power Battery Market Size and Volume Forecast by Application
13.4.1. CNG Automotive
13.4.2. LNG Automotive
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Natural Gas Automotive Power Battery Market Size and Volume Forecast by Type
13.7.1. Ternary Battery
13.7.2. Lithium Iron Phosphate Battery
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Natural Gas Automotive Power Battery Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Natural Gas Automotive Power Battery Market: Market Share Analysis
14.2. Natural Gas Automotive Power Battery Distributors and Customers
14.3. Natural Gas Automotive Power Battery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Panasonic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Envision Aesc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. LG Chemical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BYD
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lithium Energy Japan
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gotion
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tianneng Co.,Ltd
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pride Power
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BatScap
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Accumotive
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bak Power
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
