Japan electric vehicle battery market is estimated to grow at a CAGR of more than 10.0% during the forecast period. The declining price of lithium-ion batteries, rapidly increasing adoption of electric vehicles, and the increasing focus on the development of renewable energy sector are the key factors to make a considerable contribution towards the growth of the electric vehicle battery market in the country. Japan is one of the members of the EV30@30 Campaign that aims to accelerate the deployment of electric vehicles. In 2018, the country has set a target of 15-20% electric vehicle sales in Passenger Light-duty Vehicles (PLDVs) by 2020 and 20-30% by 2030 which is further supporting the deployment of electric vehicles in the country.

The market is segmented on the basis of battery type, vehicle type, and propulsion technology. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on propulsion technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle. Based on the propulsion type, plug-in hybrid vehicles are anticipated to have considerable market growth during the forecast period. 

Some of the major companies which are contributing to the growth of Japan electric vehicles battery market include Automotive Energy Supply Corp., Hitachi, Ltd., Lithium Energy Japan Corp., Panasonic Corp., Toshiba Corp, and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies such as new product innovations, mergers & acquisitions, joint ventures and so on stay competitive in the market. For instance, Toyota Motor and Panasonic Corp. are planning to set up a joint venture in 2020 to manufacture EV batteries with the aim to bring down production costs through higher volume production of the batteries.

Research Methodology

The market study of the Japan electric vehicle battery market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Japan Electric Vehicle Battery Market Research and Analysis by Battery type 
2. Japan Electric Vehicle Battery Market Research and Analysis by Vehicle type
3. Japan Electric Vehicle Battery Market Research and Analysis by Propulsion Technology

The Report Covers

• Comprehensive research methodology of Japan electric vehicle battery market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Japan electric vehicle battery market.
• Insights about market determinants which are stimulating the Japan electric vehicle battery market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.