Declining crude oil raw materials and issues concerning deprivation of the environment are the main factors fueling the expansion of Hybrid Electric Vehicle Battery Industry. With declining crude reserves the requirement for reasonable transportation expertise has engrossed investment in this industry. The governments of various major countries have made positive adoption hybrid vehicles that use the electric battery. A lot of national organization has imposed rules and offer attractive discounts on purchase of hybrid cars. Severe environmental regulations and policies in the EU (European Union) countries have encouraged broad acceptance of the battery powered vehicle.
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The erratic crude oil prices are an added main factor which is expected to bolster customers to adapt such batteries over the forecast period. Costly nature of hybrid electric vehicle battery can be one of the major challenges to the industry. Increasing concerns linked to declining oil and gas sources and debasing environmental situations are having a constructive impact on the requirement for electric power-driven vehicles. However, incentives and subsidies on the utilization of such vehicle is a new factor propelling the market for electric power-driven vehicles. These automobiles are dependent on electric batteries to offer the secondary or primary power. Thus, any effect on the requirement for electric powered automobiles will propel the electric automobile battery industry. An electric power-driven vehicle or battery electric automobile utilizes chemical energy accumulates in a rechargeable battery packs for control. The entire hybrid electric vehicle does not demand any combustion mechanism for momentum and propulsion. Battery Electric automobiles comprise rail cars, scooters, forklifts, buses, cars, and bicycle.
The segregation of the hybrid electric automobile battery industry can be prepared on the basis of application, technology, and geography. Technology section deals with the various types of batteries utilized for developing of the electric automobile battery. Main battery types comprise Ni metal hydride batteries, lead acid batteries, lithium ion batteries and zebra batteries. The lead-acid battery is the most cheapest and common kind of batteries. Nickel metal hydride battery has superior energy concentration than the widespread lead acid battery and if utilized properly can have remarkably long lives. The Zebra battery use melted chloroaluminate sodium as the electrolyte. Lithium ion battery utilizes lithium cobalt oxide cathode and a graphite anode. These batteries are utilized to power the Hybrid Vehicles, Plug-in Hybrid Electric Vehicles. Geographical segregation of the Hybrid electric automobile battery market comprises countries such as the Canada and the United States in North America; France, Germany, the United Kingdom, and Sweden in Europe.
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The government encouragement on the utilization of battery power-driven automobiles is one of the major reason fueling the expansion of European and North American hybrid electric vehicle battery industry. Another important market comprises the Middle East and Asia Pacific. Asia Pacific market comprises the countries such as China, Japan, and South Korea. Growing concerns linked to energy incentives and security on the utilization of battery-powered vehicles is the major factor driving the Asia Pacific market. The Row section still lags behind in the hybrid electric vehicle battery market.
Some of the key players in this market are SAMSUNG SDI CO. LTD., Boston-Power, LG Chem Power Inc. and Quallion. Worldwide automotive makers are speeding up their hard work to create more vehicles using electric drive trains. A lot of other factors are attributing to this trend, comprising newly endorsed fuel economy criterion, superior confidence in electrically-powered vehicles, and advancements in battery technology. In 2012, Toyota instigated the Plug-in Prius, motorized for the foremost time by means of lithium-ion (Li-ion) batteries. This trend from the finely recognized nickel-metal hydride battery to Li-ion battery represented the main endorsement t. Since then, many of the other main OEMs have started using battery electric automobile and plug-in hybrid electric automobile models, approximately all of which utilizes Li-ion batteries for on board energy utilization. Growth in the requirement for Lithium-ion (Li-ion) battery has covered a wide range of application region, including, hybrid electric vehicles The underlying principle behind introducing ecologically responsible technology into the automotive value chain can be contributed to a number of reasons, comprising scarcity of fossil fuels, energy security, and issues concerning global warming.
The player’s active hybrid electrical vehicle market needs to understand this key trend in the market so that they are capable of inculcating latest innovation in their offerings. The players active in this market spend a lot of money on research & development to get the competitive edge in the market. The market is not much fragmented and is less competitive presently. The market is expected to become more competitive over the forecast period owing to entrée of new players in the market with the latest innovation. The market is expected to be innovation driven over the forecast period.
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Global Hybrid EV Battery market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- SAMSUNG SDI CO. LTD.
- LG Chem Power Inc.
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Nickel Metal Hydride Batteries
- Lead Acid Batteries
- Lithium Ion Cells
- Zebra Batteries
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Hybrid EV Battery for each application, including
- Hybrid Vehicles
- Plug-In Hybrid Electric Vehicles
Table of Contents
1 Hybrid EV Battery Market Overview
2 Global Hybrid EV Battery Market Competition by Manufacturers
3 Global Hybrid EV Battery Capacity, Production, Revenue (Value) by Region (2012-2017)
4 Global Hybrid EV Battery Supply (Production), Consumption, Export, Import by Region (2012-2017)
5 Global Hybrid EV Battery Production, Revenue (Value), Price Trend by Type
6 Global Hybrid EV Battery Market Analysis by Application
7 Global Hybrid EV Battery Manufacturers Profiles/Analysis
8 Hybrid EV Battery Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Hybrid EV Battery Market Forecast (2017-2022)
13 Research Findings and Conclusion
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