Hybrid EV Battery Market – Global Industry Analysis and Forecast (2022-2029)


Hybrid EV Battery Market size is expected to reach US$ 40.43 Bn by 2029, at a CAGR of 23.9% during the forecast period.

Hybrid EV Battery Market

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Hybrid EV Battery Market Overview:

The global Hybrid EV Battery Market is expected to increase during the forecast years, because of influences like decreasing crude oil reserves & problems with lack of the environment. The governments of numerous countries have made optimistic adoption of hybrid vehicles that use the electric battery. Numerous national organizations have forced rules & offer eye-catching discounts on the buying of hybrid cars. Simple environmental rules & policies in the EU republics have encouraged broad getting of the battery-powered vehicle.

The unpredictable crude oil prices are an additional incentive which is anticipated to bolster consumers to adopt such cells during the forecast period. The expensive nature of hybrid EV batteries can be one of the important challenges to the industry. Growing tensions linked to decreasing oil & gas sources & debasing environmental circumstances are having a positive impact on the requirement for power-driven EVs. But, incentives & subsidies on the use of such a vehicle is a recent influence pushing expansion for electric power drive vehicles.

Electric power drive vehicles are reliant on electric batteries to proposal secondary or primary power. Thus, any result on the requirement for electric-powered vehicles will push the EV battery industry. A power-driven EV or battery electric motor uses chemical energy accrued in rechargeable battery packs for mechanism. The entire hybrid EV does not demand any ignition mechanism for momentum & propulsion. Battery electric automobiles include rail cars, scooters, forklifts, buses, cars, & bicycles. The technology segment deals with the numerous types of cells used for increasing the electric automobile battery. The lead-acid battery is the inexpensive & most commonly used batteries. Nickel metal hydride battery has larger energy absorption than the widespread lead-acid battery & if used properly can have unusually long lives.

Hybrid EV Battery Market Dynamics:

The potential hybrid EV battery market includes countries like Canada & the United States in North America; France, Germany, the United Kingdom, & Sweden in Europe. The government's help on the use of power-driven battery automobiles is one of the main influences for powering the growth of the European & North American hybrid EV battery industry. Another important market includes the Middle East & Asia Pacific. Asia Pacific market comprises the republics including China, Japan, & South Korea. Rising concerns related to energy incentives & security on the use of battery-powered vehicles is the main factor pouring the Asia Pacific market. The rest of the world division still lags behind in the market.

The Key automotive makers are speeding up their efforts to make more vehicles using electric drive trains. A lot of other influences are assigning to this trend, including newly recognized fuel economy standards, higher confidence in electrically-powered vehicles, & improvements in battery technology. Toyota prompted the plug-in Prius, motor-powered for the first time by using lithium-ion (Li-ion) batteries. This trend from the finely accepted nickel-metal hydride battery to Li-ion battery signified the principal endorsement. Since then, several of the other OEMs have started using battery-electric automobile & plug-in hybrid EV models, about all of which use Li-ion batteries for onboard energy use. Growing necessity for Lithium-ion (Li-ion) battery has enclosed a wide range of application region, counting, hybrid EV The fundamental principle behind presenting ecologically responsible technology into the self-propelled value chain can be paid to some reasons, including scarcity of fossil fuels, energy security, & issues about global warming.

The key player’s actions in the hybrid EV business need to understand this main trend that they are capable of inculcating the newest innovation in their offerings. The players working in this segment spending a lot on R &D to get a competitive edge over their competitors. Currently, the hybrid EV battery market is not split & is less competitive. It is expected to become more competitive during the forecast period because of the entry of new companies with modern innovation.

Hybrid EV Battery Market Competitive Landscape:

The objective of the report is to present a comprehensive analysis of the Global Hybrid EV Battery Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes Market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Hybrid EV Battery Market dynamics, structure by analyzing the Market segments and project the Global Hybrid EV Battery Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Hybrid EV Battery Market make the report investor’s guide.

Hybrid EV Battery Market Report Scope: Inquire before buying


Hybrid EV Battery Market, by Type

• Lead- Acid
• Lithium-Ion
• Nickel Based and others

Hybrid EV Battery Market, by Application

• Hybrid EV
• Plug -In Hybrid EV

Hybrid EV Battery Market, by Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• South America

Hybrid EV Battery Market Key Players

• Toshiba Corporation (Japan)
• LG Chem (South Korea)
• Samsung Sdi Co. Ltd (South Korea)
• Panasonic Corporation (Japan)
• Saft (France)
• GS Yuasa International Ltd. (Japan)
• BYD Co. Ltd. (China)
• Contemporary Amperex Technology Co., Ltd. (China)
• Hitachi Ltd. (Japan)
• Nissan Motor Corporation (Japan)
• Exide Industries Ltd. (India)
• A123 Systems LLC (U.S)
• Boston-Power
• Quallion
• Johnson Control (U.S)
• Delphi Automotive LLP
• Robert Bosch GmbH(Germany)
• Boston-Power
• Crown Battery Corporation
• Narada Power Source

Frequently Asked Questions:

1. Which region has the largest share in Global Hybrid EV BatteryMarket?
Ans: North America region holds the highest share in 2021.

2. What is the growth rate of Global Hybrid EV BatteryMarket?
Ans: The Global Hybrid EV BatteryMarket is growing at a CAGR of 23.9 % during forecasting period 2022-2029.

3. What is scope of the Global Hybrid EV Batterymarket report?
Ans: Global Hybrid EV BatteryMarket report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Hybrid EV Batterymarket?
Ans: The important key players in the Global Hybrid EV BatteryMarket are – Toshiba Corporation (Japan), LG Chem (South Korea), Samsung Sdi Co. Ltd (South Korea), Panasonic Corporation (Japan), Saft (France), GS Yuasa International Ltd. (Japan), BYD Co. Ltd. (China), Contemporary Amperex Technology Co., Ltd. (China), Hitachi Ltd. (Japan), Nissan Motor Corporation (Japan), Exide Industries Ltd. (India), A123 Systems LLC (U.S), Boston-Power, Quallion, Johnson Control (U.S), Delphi Automotive LLP, Robert Bosch GmbH(Germany), Boston-Power, Crown Battery Corporation, and Narada Power Source

5. What is the study period of this market?
Ans: The Global Hybrid EV BatteryMarket is studied from 2021 to 2029. 




Hybrid EV Battery Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Hybrid EV Battery Market
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators
6. Hybrid EV Battery Market Analysis and Forecast
6.1. Hybrid EV Battery Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Hybrid EV Battery Market Analysis and Forecast, By Type
7.1. Introduction and Definition
7.2. Key Findings
7.3. Hybrid EV Battery Market Value Share Analysis, By Type
7.4. Hybrid EV Battery Market Size (US$ Bn) Forecast, By Type
7.5. Hybrid EV Battery Market Analysis, By Type
7.6. Hybrid EV Battery Market Attractiveness Analysis, By Type

8. Hybrid EV Battery Market Analysis and Forecast, By Application
8.1. Introduction and Definition
8.2. Key Findings
8.3. Hybrid EV Battery Market Value Share Analysis, By Application
8.4. Hybrid EV Battery Market Size (US$ Bn) Forecast, By Application
8.5. Hybrid EV Battery Market Analysis, By Application
8.6. Hybrid EV Battery Market Attractiveness Analysis, By Application

9. Hybrid EV Battery Market Analysis, By Region
9.1. Hybrid EV Battery Market Value Share Analysis, By Region
9.2. Hybrid EV Battery Market Size (US$ Bn) Forecast, By Region
9.3. Hybrid EV Battery Market Attractiveness Analysis, By Region

10. North America Hybrid EV Battery Market Analysis
10.1. Key Findings
10.2. North America Hybrid EV Battery Market Overview
10.3. North America Hybrid EV Battery Market Value Share Analysis, By Type
10.4. North America Hybrid EV Battery Market Forecast, By Type
10.4.1. Lead-Acid
10.4.2. Lithium-Ion
10.4.3. Nickel Based and others
10.5. North America Hybrid EV Battery Market Value Share Analysis, By Application
10.6. North America Hybrid EV Battery Market Forecast, By Application
10.6.1. Hybrid EV
10.6.2. Plug–In Hybrid EV
10.7. North America Hybrid EV Battery Market Value Share Analysis, by Country
10.8. North America Hybrid EV Battery Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Hybrid EV Battery Market Analysis, by Country
10.10. U.S. Hybrid EV Battery Market Forecast, By Type
10.10.1. Lead-Acid
10.10.2. Lithium-ion
10.10.3. Nickel Based and others
10.11. U.S. Hybrid EV Battery Market Forecast, By Application
10.11.1. Hybrid EV
10.11.2. Plug –In Hybrid EV

10.12. Canada Hybrid EV Battery Market Forecast, By Type
10.12.1. Lead-Acid
10.12.2. Lithium-ion
10.12.3. Nickel Based and others
10.13. Canada Hybrid EV Battery Market Forecast, By Application

10.13.1. Hybrid EV
10.13.2. Plug –In Hybrid EV

10.14. North America Hybrid EV Battery Market Attractiveness Analysis
10.14.1. By Type
10.14.2. By Application
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Developments

11. Europe Hybrid EV Battery Market Analysis
11.1. Key Findings
11.2. Europe Hybrid EV Battery Market Overview
11.3. Europe Hybrid EV Battery Market Value Share Analysis, By Type
11.4. Europe Hybrid EV Battery Market Forecast, By Type
11.4.1. Lead-Acid
11.4.2. Lithium-ion
11.4.3. Nickel Based and others

11.5. Europe Hybrid EV Battery Market Value Share Analysis, By Application
11.6. Europe Hybrid EV Battery Market Forecast, By Application

11.6.1. Hybrid EV
11.6.2. Plug –In Hybrid EV
11.7. Europe Hybrid EV Battery Market Value Share Analysis, by Country
11.8. Europe Hybrid EV Battery Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Hybrid EV Battery Market Analysis, by Country
11.10. Germany Hybrid EV Battery Market Forecast, By Type
11.10.1. Lead-Acid
11.10.2. Lithium-ion
11.10.3. Nickel Based and others

11.11. Germany Hybrid EV Battery Market Forecast, By Application

11.11.1. Hybrid EV
11.11.2. Plug –In Hybrid EV

11.12. U.K. Hybrid EV Battery Market Forecast, By Type
11.12.1. Lead-Acid
11.12.2. Lithium-ion
11.12.3. Nickel Based and others

11.13. U.K. Hybrid EV Battery Market Forecast, By Application
11.13.1. Hybrid EV
11.13.2. Plug –In Hybrid EV

11.14. France Hybrid EV Battery Market Forecast, By Type
11.14.1. Lead-Acid
11.14.2. Lithium-ion
11.14.3. Nickel Based and others

11.15. France Hybrid EV Battery Market Forecast, By Application
11.15.1. Hybrid EV
11.15.2. Plug –In Hybrid EV

11.16. Italy Hybrid EV Battery Market Forecast, By Type
11.16.1. Lead-Acid
11.16.2. Lithium-ion
11.16.3. Nickel Based and others
11.17. Italy Hybrid EV Battery Market Forecast, By Application

11.17.1. Hybrid EV
11.17.2. Plug –In Hybrid EV

11.18. Spain Hybrid EV Battery Market Forecast, By Type
11.18.1. Lead-Acid
11.18.2. Lithium-ion
11.18.3. Nickel Based and others

11.19. Spain Hybrid EV Battery Market Forecast, By Application
11.19.1. Hybrid EV
11.19.2. Plug –In Hybrid EV

11.20. Rest of Europe Hybrid EV Battery Market Forecast, By Type
11.20.1. Lead-Acid
11.20.2. Lithium-ion
11.20.3. Nickel Based and others

11.21. Rest of Europe Hybrid EV Battery Market Forecast, By Applicati
11.21.1. Hybrid EV
11.21.2. Plug –In Hybrid EV

11.22. Europe Hybrid EV Battery Market Attractiveness Analysis
11.22.1. By Type
11.22.2. By Application
11.23. PEST Analysis
11.24. Key Trends
11.25. Key Developments

12. Asia Pacific Hybrid EV Battery Market Analysis
12.1. Key Findings
12.2. Asia Pacific Hybrid EV Battery Market Overview
12.3. Asia Pacific Hybrid EV Battery Market Value Share Analysis, By Type
12.4. Asia Pacific Hybrid EV Battery Market Forecast, By Type
12.4.1. Lead-Acid
12.4.2. Lithium-ion
12.4.3. Nickel Based and other
12.5. Asia Pacific Hybrid EV Battery Market Value Share Analysis, By Application
12.6. Asia Pacific Hybrid EV Battery Market Forecast, By Application
12.6.1. Hybrid EV
12.6.2. Plug –In Hybrid EV

12.7. Asia Pacific Hybrid EV Battery Market Value Share Analysis, by Country
12.8. Asia Pacific Hybrid EV Battery Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Hybrid EV Battery Market Analysis, by Country
12.10. China Hybrid EV Battery Market Forecast, By Type
12.10.1. Lead-Acid
12.10.2. Lithium-ion
12.10.3. Nickel Based and others

12.11. China Hybrid EV Battery Market Forecast, By Application
12.11.1. Hybrid EV
12.11.2. Plug –In Hybrid EV

12.12. India Hybrid EV Battery Market Forecast, By Type
12.12.1. Lead-Acid
12.12.2. Lithium-ion
12.12.3. Nickel Based and others

12.13. India Hybrid EV Battery Market Forecast, By Application
12.13.1. Hybrid EV
12.13.2. Plug –In Hybrid EV

12.14. Japan Hybrid EV Battery Market Forecast, By Type
12.14.1. Lead-Acid
12.14.2. Lithium-ion
12.14.3. Nickel Based and others

12.15. Japan Hybrid EV Battery Market Forecast, By Application
12.15.1. Hybrid EV
12.15.2. Plug –In Hybrid EV

12.16. ASEAN Hybrid EV Battery Market Forecast, By Type
12.16.1. Lead-Acid
12.16.2. Lithium-ion
12.16.3. Nickel Based and others

12.17. ASEAN Hybrid EV Battery Market Forecast, By Application
12.17.1. Hybrid EV
12.17.2. Plug –In Hybrid EV

12.18. Rest of Asia Pacific Hybrid EV Battery Market Forecast, By Type

12.18.1. Lead-Acid
12.18.2. Lithium-ion
12.18.3. Nickel Based and others

12.19. Rest of Asia Pacific Hybrid EV Battery Market Forecast, By Application
12.19.1. Hybrid EV
12.19.2. Plug –In Hybrid EV
12.20. Asia Pacific Hybrid EV Battery Market Attractiveness Analysis
12.20.1. By Type
12.20.2. By Application
12.21. PEST Analysis
12.22. Key Trends
12.23. Key Developments

13. Middle East & Africa Hybrid EV Battery Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Hybrid EV Battery Market Overview
13.3. Middle East & Africa Hybrid EV Battery Market Value Share Analysis, By Type
13.4. Middle East & Africa Hybrid EV Battery Market Forecast, By Type
13.4.1. Lead-Acid
13.4.2. Lithium-ion
13.4.3. Nickel Based and others

13.5. Middle East & Africa Hybrid EV Battery Market Value Share Analysis, By Application
13.6. Middle East & Africa Hybrid EV Battery Market Forecast, By Application
13.6.1. Hybrid EV
13.6.2. Plug –In Hybrid EV
13.7. Middle East & Africa Hybrid EV Battery Market Value Share Analysis, by Country
13.8. Middle East & Africa Hybrid EV Battery Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Hybrid EV Battery Market Analysis, by Country
13.10. GCC Hybrid EV Battery Market Forecast, By Type
13.10.1. Lead-Acid
13.10.2. Lithium-ion
13.10.3. Nickel Based and others

13.11. GCC Hybrid EV Battery Market Forecast, By Application

13.11.1. Hybrid EV
13.11.2. Plug –In Hybrid EV
13.12. South Africa Hybrid EV Battery Market Forecast, By Type
13.12.1. Lead-Acid
13.12.2. Lithium-ion
13.12.3. Nickel Based and others

13.13. South Africa Hybrid EV Battery Market Forecast, By Application

13.13.1. Hybrid EV
13.13.2. Plug –In Hybrid EV

13.14. Rest of Middle East & Africa Hybrid EV Battery Market Forecast, By Type
13.14.1. Lead-Acid
13.14.2. Lithium-ion
13.14.3. Nickel Based and others

13.15. Rest of Middle East & Africa Hybrid EV Battery Market Forecast, By Application
13.15.1. Hybrid EV
13.15.2. Plug –In Hybrid EV

13.16. Middle East & Africa Hybrid EV Battery Market Attractiveness Analysis
13.16.1. By Type
13.16.2. By Application
13.17. PEST Analysis
13.18. Key Trends
13.19. Key Developments

14. South America Hybrid EV Battery Market Analysis
14.1. Key Findings
14.2. South America Hybrid EV Battery Market Overview
14.3. South America Hybrid EV Battery Market Value Share Analysis, By Type
14.4. South America Hybrid EV Battery Market Forecast, By Type
14.4.1. Lead-Acid
14.4.2. Lithium-ion
14.4.3. Nickel Based and others

14.5. South America Hybrid EV Battery Market Value Share Analysis, By Application
14.6. South America Hybrid EV Battery Market Forecast, By Application
14.6.1. Hybrid EV
14.6.2. Plug –In Hybrid EV

14.7. South America Hybrid EV Battery Market Value Share Analysis, by Country
14.8. South America Hybrid EV Battery Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. South America Hybrid EV Battery Market Analysis, by Country
14.10. Brazil Hybrid EV Battery Market Forecast, By Type

14.10.1. Lead-Acid
14.10.2. Lithium-ion
14.10.3. Nickel Based and others

14.11. Brazil Hybrid EV Battery Market Forecast, By Application
14.11.1. Hybrid EV
14.11.2. Plug –In Hybrid EV

14.12. Mexico Hybrid EV Battery Market Forecast, By Type
14.12.1. Lead-Acid
14.12.2. Lithium-ion
14.12.3. Nickel Based and others

14.13. Mexico Hybrid EV Battery Market Forecast, By Application
14.13.1. Hybrid EV
14.13.2. Plug –In Hybrid EV

14.14. Rest of South America Hybrid EV Battery Market Forecast, By Type
14.14.1. Lead-Acid
14.14.2. Lithium-ion
14.14.3. Nickel Based and others
14.15. Rest of South America Hybrid EV Battery Market Forecast, By Application
14.15.1. Hybrid EV
14.15.2. Plug –In Hybrid EV

14.16. South America Hybrid EV Battery Market Attractiveness Analysis
14.16.1. By Type
14.16.2. By Application
14.17. PEST Analysis
14.18. Key Trends
14.19. Key Developments

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Vehicles and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A By Regions, Investment and Vehicles
15.2.3.2. M&A Key Players, Forward Integration and Backward
15.2.3.3. Integration
15.3. Company Profiles: Key Players
15.3.1. Toshiba Corporation (Japan)
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Development Footprint
15.3.2. LG Chem (South Korea)
15.3.3. Samsung Sdi Co. Ltd (South Korea)
15.3.4. Panasonic Corporation (Japan)
15.3.5. Saft (France)
15.3.6. GS Yuasa International Ltd. (Japan)
15.3.7. BYD Co. Ltd (China)
15.3.8. Contemporary Amperex Technology Co., Ltd (China)
15.3.9. Hitachi Ltd. (Japan)
15.3.10. Nissan Motor Corporation (Japan)
15.3.11. Exide Industries Ltd. (India)
15.3.12. A123 Systems LLC (U.S)
15.3.13. Boston Power
15.3.14. Quallion
15.3.15. Johnson Control (U.S)
15.3.16. Delphi Automotive LLP (U.K)
15.3.17. Boston-Power
15.3.18. Crown Battery Corporation
15.3.19. Narada Power Source

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