Slovakia Electric Vehicle Battery Market | Trends, Revenue, Companies, COVID-19 IMPACT, Analysis, Industry, Growth, Size, Forecast, Share & Value

Slovakia Electric Vehicle Battery Market Synopsis

The Slovakia electric vehicle battery market is projected to reach a size of USD 1.36 billion by 2027, registering a CAGR of 31.6%, over the forecast period. The rising demand for green energy sources and focus on reducing emissions are the key drivers for the growth in this region.

Drivers of the Market

Increasing consumer awareness about environment conservation has led to an upsurge in demand for eco-friendly vehicles such as electric vehicles (EV), further propelling the growth of electric vehicle battery market in Slovakia. Furthermore, government initiatives such as tax exemption and subsidies are boosting EV production and sales. This will further drive the market during forecast period 2020-2027. In addition, technological advancements aiming at enhancing performance along with cost effectiveness are expected to bolster adoption rate of EVs across Slovakia thus driving electro mobility industry growth during forecast years.

Challenges of the Market

Highly expensive manufacturing costs associated with lithium ion batteries is one of major factor restraining its uptake amongst end users thereby hampering EV battery industry outlook in near future. Furthermore lack availability charging infrastructure coupled with low efficiency rate compared conventional powertrain systems owing to short range per charge may impede Slovakia EV battery market growth over study timeframe.

Key Players of the Market

The Key players have been dominating Slovakian electric vehicle(EV) battery Market including BYD Co Limited, Toshiba Corporation , LG Chem Ltd., Panasonic Corporation etc.. These players primarily focus on product innovation and pricing strategies .For instance; In August 2020 BMW Group announced that it had acquired 100% stake insolid-state cell manufacturer Solid Power Inc., which strengthens their position as well as strengthen their position globally within solid state cell technology sector.

Covid-19 Impact on the Market

The Covid-19 pandemic has had a major impact on the Slovakian electric vehicle battery market. The outbreak has adversely affected demand as well as production levels, leading to decreased sales and revenues in 2020. Furthermore, key players such as Panasonic have been severely impacted due to disrupted supply chains and the inability of their dealerships to sell products due to restrictions imposed by governments worldwide during lockdowns. Additionally, end-user spending power has weakened significantly due to job losses and salary cuts throughout Europe.

Key Highlights of the Report:

• Slovakia Electric Vehicle Battery Market Outlook
• Market Size of Slovakia Electric Vehicle Battery Market, 2021
• Forecast of Slovakia Electric Vehicle Battery Market, 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Revenues & Volume for the Period 2018 - 2028
• Slovakia Electric Vehicle Battery Market Trend Evolution
• Slovakia Electric Vehicle Battery Market Drivers and Challenges
• Slovakia Electric Vehicle Battery Price Trends
• Slovakia Electric Vehicle Battery Porter's Five Forces
• Slovakia Electric Vehicle Battery Industry Life Cycle
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Vehicle Type for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Passenger Car for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Commercial Vehicle for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Two-Wheeler for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Propulsion Type for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Battery Electric Vehicle for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Hybrid Electric Vehicle for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Plug-in Hybrid Electric Vehicle for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Battery Type for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Lead Acid Battery for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Nickel Metal Hydride Battery for the Period 2018 - 2028
• Historical Data and Forecast of Slovakia Electric Vehicle Battery Market Revenues & Volume By Lithium ion Battery for the Period 2018 - 2028
• Slovakia Electric Vehicle Battery Import Export Trade Statistics
• Market Opportunity Assessment By Vehicle Type
• Market Opportunity Assessment By Propulsion Type
• Market Opportunity Assessment By Battery Type
• Slovakia Electric Vehicle Battery Top Companies Market Share
• Slovakia Electric Vehicle Battery Competitive Benchmarking By Technical and Operational Parameters
• Slovakia Electric Vehicle Battery Company Profiles
• Slovakia Electric Vehicle Battery Key Strategic Recommendations