Market Overview:
The global hybrid EV batteries 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 electric vehicles, rising concerns over environmental pollution, and government initiatives towards the adoption of electric vehicles. The global hybrid EV batteries market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into nickel metal hydride batteries (NiMH), lead acid batteries (PbA), lithium ion cells (Li-ion), and zebra batteries. NiMH battery dominates this segment owing to its high energy density as compared to other types of battery chemistries available in the market. Li-ion cells are expected to grow at a highest CAGR during 2018-2030 owing their advantages such as high power density and long cycle life over other types of battery chemistries available in this category. By application, rail cars accounted for majority share in 2017 and is projected to maintain its dominance throughout 2030 followed by buses & cars segments respectively.
Product Definition:
Hybrid EV batteries are a type of battery that is used in electric vehicles. They are unique because they can be used to store both electricity and gasoline. This makes them perfect for vehicles that use both types of energy.
Nickel Metal Hydride Batteries:
Nickel metal hydride (NiMH) batteries are rechargeable batteries based on the chemistry of nickel-metal hydride. They offer several benefits over conventional lithium-ion batteries such as high charging and discharging efficiency, stable voltage output, and deep discharge cycle.
Lead Acid Batteries:
Lead acid batteries are the most widely used type of battery in the world. They are economical, have a high energy density and can be recycled. The key properties that make lead acid batteries so popular is their low cost, reliability and easy recyclability. Lead Acid Batteries market size was valued at USD 32 billion in 2015 and is expected to witness significant growth over the forecast period owing to its growing usage across various applications such as automotive & transportation, power generation industries among others.
Application Insights:
The cars segment accounted for the largest revenue share of over 50% in 2017. The increasing demand for electric vehicles due to stringent regulations regarding reduction in carbon emissions is expected to have a positive impact on the global market over the forecast period. Hybrid EV batteries are used in various applications including, rail cars, buses, and trucks among others.
Rail Cars application segment is projected to register significant growth owing to its usage as power source for locomotives that propel trains along railway tracks. In addition, these batteries are also used as power sources at stations where they can be recharged from overhead wires or pantographs while passengers wait for trains.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. China, Japan, South Korea, India and Australia are some of the countries that have adopted hybrid electric vehicles in large numbers owing to increasing government initiatives such as subsidies on battery-operated cars or tax benefits. The growing adoption of these batteries across various applications is also a major factor propelling regional growth. For instance, China has set up a target of having 5 million hybrid electric vehicles on roads by 2020.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in demand for hybrid EV batteries.
- Government initiatives and subsidies: Governments across the globe are promoting the use of electric and hybrid vehicles through various initiatives and subsidies. This will further boost the demand for hybrid EV batteries in the coming years.
- Development of advanced battery technologies: The development of advanced battery technologies such as solid-state batteries is expected to provide a major impetus to the growth of the hybrid EV batteries market in future years.
- Growing awareness about environmental benefits: There is a growing awareness among consumers about environmental benefits offered by electric and hybrid vehicles, which is likely to fuel demand for these types of vehicles in future, thereby propelling growth prospects for Hybrid EV Batteries market . 5) Rising consumer preference towards luxury cars: A shift towards luxury cars that are powered by electricity or hybrids is being witnessed across developed countries, which will result in an increase in sales of high-end hybrids that require sophisticated Hybrid EV Batteries systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid EV Batteries Market Research Report
By Type
Nickel Metal Hydride Batteries, Lead Acid Batteries, Lithium Ion Cells, Zebra Batteries
By Application
Rail Cars, Buses, Cars, Others
By Companies
Samsung SDI, Boston-Power, LG, Quallion, Nissan, Samsung SDI
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid EV Batteries Market Report Segments:
The global Hybrid EV Batteries market is segmented on the basis of:
Types
Nickel Metal Hydride Batteries, Lead Acid Batteries, Lithium Ion Cells, Zebra Batteries
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
Rail Cars, Buses, Cars, Others
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:
- Samsung SDI
- Boston-Power
- LG
- Quallion
- Nissan
- Samsung SDI
Highlights of The Hybrid EV Batteries 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:
- Nickel Metal Hydride Batteries
- Lead Acid Batteries
- Lithium Ion Cells
- Zebra Batteries
- By Application:
- Rail Cars
- Buses
- Cars
- Others
- 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 Hybrid EV Batteries 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Hybrid electric vehicles (HEVs) use a combination of an electric motor and a gasoline or diesel engine to power the vehicle. The battery pack is typically made up of several cells that are connected in series or parallel to create a battery pack. HEVs can be classified as either pure electric vehicles (PEV) or hybrid electric vehicles (HEV). A PEV uses only electricity from the batteries, while an HEV uses both electricity and gasoline/diesel fuel.
Some of the major companies in the hybrid ev batteries market are Samsung SDI, Boston-Power, LG, Quallion, Nissan, Samsung SDI.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hybrid EV Batteries Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hybrid EV Batteries Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hybrid EV Batteries Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hybrid EV Batteries Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hybrid EV Batteries Market Size & Forecast, 2020-2028
4.5.1 Hybrid EV Batteries Market Size and Y-o-Y Growth
4.5.2 Hybrid EV Batteries Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Nickel Metal Hydride Batteries
5.2.2 Lead Acid Batteries
5.2.3 Lithium Ion Cells
5.2.4 Zebra Batteries
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Rail Cars
6.2.2 Buses
6.2.3 Cars
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hybrid EV Batteries Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hybrid EV Batteries Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Nickel Metal Hydride Batteries
9.6.2 Lead Acid Batteries
9.6.3 Lithium Ion Cells
9.6.4 Zebra Batteries
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Rail Cars
9.10.2 Buses
9.10.3 Cars
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Nickel Metal Hydride Batteries
10.6.2 Lead Acid Batteries
10.6.3 Lithium Ion Cells
10.6.4 Zebra Batteries
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Rail Cars
10.10.2 Buses
10.10.3 Cars
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Nickel Metal Hydride Batteries
11.6.2 Lead Acid Batteries
11.6.3 Lithium Ion Cells
11.6.4 Zebra Batteries
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Rail Cars
11.10.2 Buses
11.10.3 Cars
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Nickel Metal Hydride Batteries
12.6.2 Lead Acid Batteries
12.6.3 Lithium Ion Cells
12.6.4 Zebra Batteries
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Rail Cars
12.10.2 Buses
12.10.3 Cars
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Nickel Metal Hydride Batteries
13.6.2 Lead Acid Batteries
13.6.3 Lithium Ion Cells
13.6.4 Zebra Batteries
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Rail Cars
13.10.2 Buses
13.10.3 Cars
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hybrid EV Batteries Market: Competitive Dashboard
14.2 Global Hybrid EV Batteries Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung SDI
14.3.2 Boston-Power
14.3.3 LG
14.3.4 Quallion
14.3.5 Nissan
14.3.6 Samsung SDI
