The global hybrid and electric vehicle battery market is expected to grow at a CAGR of 20.0% in terms of value during 2016-2022. Among the various applications, the electric vehicle segment accounted for largest share (46.5%) in the hybrid and electric vehicle battery market in terms of value in 2015.

1. GLOBAL INDUSTRY INSIGHT:
Hybrid and Electric Vehicle Battery Market Size, Share, Development,
Growth and Demand Forecast to 2022

2. Global Hybrid and Electric Vehicle Battery Market to Witness 20% CAGR in
Terms of Value During 2016 – 2022
The global hybrid and electric vehicle battery market is expected to grow at a CAGR of 20.0% in
terms of value during 2016-2022. Among the various applications, the electric vehicle segment
accounted for largest share (46.5%) in the hybrid and electric vehicle battery market in terms of
value in 2015.
Electric vehicle require battery for their operation, while hybrid electric vehicle use conventional
fuel along with an electric propulsion system. Hybrid electric vehicle accumulate energy, when the
vehicle decelerates. The power stored in batteries of hybrid electric vehicle is used for forceful
tasks, such as accelerating from standstill. Once the vehicle is in motion, the combustion engine
later runs the vehicle’s movement.
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Majority of European countries import hybrid and electric vehicle battery from China, Japan, and
South Korea. Despite slower economic growth in Europe, countries such as Norway, France and
Sweden are expected to witness growth in the hybrid and electric vehicle market during the
forecast period. The increasing penetration of hybrid and electric vehicle is expected to drive the
growth of the hybrid and electric vehicle battery market during the forecast period.
China accounted for the largest market share of electric vehicle in 2015. With newly built smart
cities and modern infrastructure, China is giving significant attention to the emission free public
transit system. The government of China offers subsidies on the purchase of emission free vehicles
that has assisted the growth of the electric vehicle market in the country. China is expected to lead
the global hybrid and electric vehicle battery market during the forecast period. The average cost
of lithium-ion battery is expected to decline significantly by the end of 2022.
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Battery is a major factor in determining the cost and range of the battery driven hybrid and electric
vehicle. Due to the high cost of the batteries, the overall cost of the vehicle is also high, and it acts
as a hindrance for hybrid and electric vehicle battery market, but only the initial purchase cost is
high, as the vehicle runs on electricity and the price of electricity to run an electric vehicle is a
small fraction of the cost of liquid fuel needed to produce an equivalent amount of energy;
therefore, the operating cost is cheaper. The range up to which an electric vehicle can run on a
single charge is also determined by the battery’s capability.
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3. Global Hybrid and Electric Vehicle Battery Market to Witness 20% CAGR in
Terms of Value During 2016 – 2022
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The major players operating in the global hybrid and electric vehicle battery market include,
Panasonic Corporation, Automotive Energy Supply Corporation, BYD Company Limited, Lithium
Energy and Power GmbH & Co. KG, LG Chem., Tianneng Power International Co. Ltd, Hitachi
Vehicle Energy Ltd., Shenzhen Bak Battery Co. Ltd., and Zhejiang Tianneng Energy Technology Co.
Ltd.
Chapter 1. Introduction
1.1 Market Definition
1.2 Market Scope
1.2.1 Market breakdown by application
1.2.2 Market breakdown by type
1.3 Research Methodology & Sources
Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
Chapter 3. Market Outlook
3.1 Introduction
3.1.1 Value chain analysis
3.2 Trends in the Global Hybrid and Electric Vehicle Battery Market
3.2.1 Government support and subsidiary for hybrid electric vehicle battery manufacturing in the U.S.
3.2.2 Declining average selling prices (ASP) of lithium ion battery packs for hybrid and electric vehicle
3.3 Opportunities in the Global Hybrid and Electric Vehicle Battery Market
3.3.1 High growth in demand of hybrid and electric vehicle in Western Europe
3.4 Factors Driving Growth of the Market and its Impact on Market Forecast
3.4.1 Advancement in EV battery technology in terms of power density
3.4.2 Governments around the world are setting ambitious targets for the reduction CO2 emission
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4. Global Hybrid and Electric Vehicle Battery Market to Witness 20% CAGR in
Terms of Value During 2016 – 2022
3.5 Factors Hindering Growth of the Market and its Impact on Market Forecast
3.5.1 Overcapacity in hybrid and electric vehicle lithium-ion battery (LIB) supply chain
3.5.2 Premium pricing of hybrid and electric vehicle
Chapter 4. Global Hybrid and Electric Vehicle Battery Market Size & Forecast (2012–2022)
4.1 Global Hybrid and Electric Vehicle Battery Market, by Application
4.1.1 Hybrid electric vehicle (HEV)
4.1.2 Plugin hybrid electric vehicle (P-HEV)
4.1.3 Electric vehicle (EV)
4.2 Global Hybrid and Electric Vehicle Battery Market, By Type
4.2.1 Nickel–metal hydride (NiMH)
4.2.2 Lithium-Ion (LIB)
4.3 Global NiMH Battery Market, By Application
4.3.1 HEV
4.4 Global LIB Market, By Application
4.4.1 HEV
4.4.2 P-HEV
4.4.3 EV
Chapter 5. Global Hybrid and Electric Vehicle Battery Market, by Geography
5.1 North America Hybrid and Electric Vehicle Battery Market
5.1.1 North America hybrid and electric vehicle battery market, by country- U.S., Canada, Mexico
5.1.2 North America hybrid and electric vehicle battery market, by application
5.1.3 North America hybrid and electric vehicle battery market, by type
5.1.3.1 North America NiMH battery market by application
5.1.3.2 North America LIB market by application
5.2 Europe Hybrid and Electric Vehicle Battery Market
5.2.1 Europe hybrid and electric vehicle battery market, by country- France, Germany, U.K., Rest of Europe
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5. Global Hybrid and Electric Vehicle Battery Market to Witness 20% CAGR in
Terms of Value During 2016 – 2022
5.2.2 Europe hybrid and electric vehicle battery market, by application
5.2.3 Europe hybrid and electric vehicle battery market, by type
5.2.3.1 Europe NiMH battery market, by application
5.2.3.2 Europe LIB market, by application
5.3 Asia-Pacific Hybrid and Electric Vehicle Battery Market
5.3.1 Asia-Pacific hybrid and electric vehicle battery market, by country- China, Japan, Rest of Asia-Pacific
5.3.2 Asia-Pacific hybrid and electric vehicle battery market, by application
5.3.3 Asia-Pacific hybrid and electric vehicle battery market, by type
5.3.3.1 Asia-Pacific NiMH battery market, by application
5.3.3.2 Asia-Pacific LIB market, by application
5.4 Rest of the World (RoW) Hybrid and Electric Vehicle Battery Market
5.4.1 RoW hybrid and electric vehicle battery market, by country- Brazil, Rest of RoW
5.4.2 RoW hybrid and electric vehicle battery market, by application
5.4.3 RoW hybrid and electric vehicle battery market, by type
5.4.3.1 RoW NiMH battery market, by application
5.4.3.2 RoW LIB market, by application
Chapter 6. Competitive Analysis
6.1 Porter's Five Forces of Competitive Position Analysis
6.1.1 Bargaining power of buyers
6.1.2 Bargaining power of suppliers
6.1.3 Threat of new entrants
6.1.4 Intensity of rivalry
6.1.5 Threat of substitutes
6.2 Competitive Positioning of Key Players
Chapter 7. Company Profiles and Strategic Developments
7.1 Company Profiles
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6. Global Hybrid and Electric Vehicle Battery Market to Witness 20% CAGR in
Terms of Value During 2016 – 2022
7.1.1 Panasonic Corporation
7.1.1.1 Business overview
7.1.1.2 Product and service offerings
7.1.2 Automotive Energy Supply Corporation
7.1.2.1 Business overview
7.1.2.2 Product and service offerings
7.1.3 BYD Company Limited
7.1.3.1 Business overview
7.1.3.2 Product and service offerings
7.1.4 Lithium Energy and Power GmbH & Co. KG
7.1.4.1 Business overview
7.1.4.2 Product and service offerings
7.1.5 LG Chem.
7.1.5.1 Business overview
7.1.5.2 Product and service offerings
7.1.6 Tianneng Power International Co., Ltd
7.1.6.1 Business overview
7.1.6.2 Product and service offerings
7.1.7 Hitachi Vehicle Energy, Ltd.
7.1.7.1 Business overview
7.1.7.2 Product and service offerings
7.1.8 Shenzhen BAK Battery Co., Ltd.
7.1.8.1 Business overview
7.1.8.2 Product and service offerings
7.1.9 Zhejiang Tianneng Energy Technology Co., Ltd
7.1.9.1 Business overview
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7. Global Hybrid and Electric Vehicle Battery Market to Witness 20% CAGR in
Terms of Value During 2016 – 2022
7.1.9.2 Product and service offerings
7.2 Strategic Developments in the Hybrid and Electric Vehicle Battery Market
7.2.1 Merger and acquisition
7.2.2 Product/service launch
7.2.3 Others
Chapter 8. Appendix
8.1 List of Abbreviations
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