Global Market Study on Automotive Lithium Ion Battery Pack: Passenger Cars to Lead the Global Market in Terms of Revenue During 2017-2026


Automotive Lithium Ion Battery Pack Market
  • Report code : PMRREP20797 |
  • Industry : Automotive |
  • Published On : Dec-2017 |
  • Pages : 170 Pages |
  • Format :

Global Automotive Lithium Ion Battery Packs Market: Overview

Growing need for environment-friendly and cost-effective batteries will continue to impact growth of the global automotive lithium ion battery packs market positively. In order to reduce the level of pollution, government authorities are increasingly encouraging the adoption of the hybrid and plug-in hybrid vehicles globally. Surge in adoption of the hybrid vehicles will continue to rev up demand for the lithium ion batteries in the automotive industry significantly. Equipped with enhanced features, demand for the automotive lithium ion battery packs is expected to remain high in the global market. Besides increasing adoption in the automotive industry, automotive lithium ion battery packs also continue to witness increasing demand for the production of various electronic products such as smartphones, power tools, PC and tablets. However, the performance of the battery continues to drop in hot temperature conditions, which is expected to remain a major challenge for the smartphone manufacturers.

The report offers detailed insights on some crucial aspects of the global automotive lithium ion battery packs market and offers information on competitive landscape, important segments, growth patterns and factors fuelling growth of the global market.

Market Taxonomy 

Region

Battery Capacity

Vehicle Technology

Vehicle Type

North America

Less than 20 KWH

Hybrid Electric Vehicle (HEV)

Passenger Car

Latin America

21-40

Plug-in-Hybrid Vehicles (PHEV)

LCV

Europe

more than 41

Full Battery Electric Vehicle (BEV)

HCV

Japan

Others

APEJ

MEA

 Global Automotive Lithium Ion Battery Packs Market: Dynamics

Growth of the global automotive lithium ion battery packs market is mainly bound to various macro-economic and micro-economic factors. The report reveals that the global automotive lithium ion battery packs market is mainly driven by growing need for environment-friendly batteries in the automotive industry. As the government in various countries are increasingly taking initiatives to encourage adoption of the hybrid and plug-in hybrid automotive for public transportation, demand for the automotive lithium ion battery packs is expected to remain high. In addition, manufacturers in the electronic industry are also witnessing significant demand for the automotive lithium ion batteries attributed to growing need for better battery life in the smartphones, laptops, tablets and power tools.

Moreover, the report also reveals that the leading market players in the automotive industry are increasingly entering into collaborations to gain a competitive edge over the other market players in the global market. Through collaborations the leading market players are focusing on developing prismatic cell batteries and solid state batteries. Increasing number of collaborations in the global automotive lithium ion battery packs market is expected to underscore lucrative growth opportunities. These factors are further expected to contribute towards growth of the global automotive lithium ion battery packs market significantly.

Global Automotive Lithium Ion Battery Packs Market: Segmentation

In the next section, the global automotive lithium ion battery packs market is segmented as battery capacity, vehicle, vehicle type, and region. On the basis of battery capacity, the global market is segmented as less than 20 KWH, 21-40 and more than 41. Based on vehicle, the global market is segmented as hybrid electric vehicle (HEV), plug-in-hybrid vehicles (PHEV) and full battery electric vehicle (BEV). By vehicle type, the global market is segmented as passenger car, LCV, HCV and others.

Global Automotive Lithium Ion Battery Packs Market: Competition

Key players operating in the global automotive lithium ion battery packs market are GS Yuasa Corporation, Panasonic Corporation, Automotive Energy Supply Corporation, LG Chem Ltd., BYD Company Limited, Tesla Motors, Inc., Samsung SDI Co., Ltd., Hitachi Chemical Company, Ltd., Johnson Controls International Plc., Narada Power Source Co. Ltd., Tianneng Power International Co., Ltd., Wanxiang Group Corporation, Furukawa Electric Co., Ltd., Crown Battery Corporation, Leoch International Technology Ltd., EnerSys, Hoppecke Batterien GmbH & Co. KG., Coslight Technology International Group Co., Ltd., Toshiba Corporation and East Penn Manufacturing Co.

Edging out the Nickel-Cadmium (NiCad) rechargeable batteries, the manufacturers in the automotive industry are steering away towards environment friendly and cost effective options. Benefits of the lithium batteries will continue to overshadow the loopholes of nickel cadmium batteries and will remain more preferred among the manufacturers. As the older version of the battery packs such as nickel cadmium have self-discharging attributes, automotive manufacturers are increasingly opting for the lithium ion batteries. In an attempt to enhance the vehicle economies, manufacturers are increasingly focusing on reducing the battery prices. Moreover, various automotive companies are increasingly repurposing the batteries used in electronic vehicles. With the surge in adoption of the electronic vehicles, sales of the lithium ion battery pack is expected to remain high during the forecast period.

global automotive lithium ion battery pack market

According to Persistence Market Research, the global automotive lithium ion battery pack market is expected to represent a value of over US$ 32,300 Mn by the end of 2026.

Government Initiative to Impact Growth of the Global Market

Initiatives taken by ruling authorities in order to promote utilization of sustainable energy is expected to fuel growth of the global market. Government in various countries are increasingly taking initiatives to promote the plug-in hybrid electric vehicles and hybrid vehicles to curtail the pollution level. As the hybrid and electric vehicles mainly operate on the rechargeable batteries, the ruling authorities in various countries are taking initiatives to encourage adoption of the hybrid vehicles. Moreover, increasing adoption of the hybrid and plug-in hybrid vehicles as public transportation is expected to impact growth of the global automotive lithium ion battery packs market positively.

Production of Smartphones to Boost Demand

A recent trend witness among the smartphone manufacturers is the increasing adoption of the lithium ion batteries pack. As battery life is becoming a perennial problem, smartphone manufacturers are increasingly opting for the modern lithium ion batteries. Lithium ion batteries are comparatively more reliable than the nickel cadmium batteries. However, the lithium ion batteries in hot conditions can witness decay and further trickle down the performance level of the batteries. These factors are expected to pose significant challenges towards growth of the global automotive lithium ion battery packs market during the forecast period.

Strategic Collaborations to Underscore Lucrative Growth Opportunities

Automotive manufacturers are increasingly focusing on forming collaborations with the electronic manufacturers in order to gain a competitive edge over the other market players globally. For instance, leading automotive manufacturers such as Toyota has recently collaborated with Panasonic to develop innovative and more effective batteries. Through this collaboration, the companies will be focusing on developing solid-state batteries and prismatic cell batteries for Toyota vehicles. Growing need for fourth generation high-output batteries equipped with the prismatic cells has led the manufacturing companies to focus on developing automotive lithium ion battery packs. Surge in collaborations is further expected to impact growth of the global automotive lithium ion battery packs market during the forecast period.

Passenger Cars to Represent a Leading Segment

Growing adoption of the hybrid electric vehicles in the automotive industry has led to surge in demand for less than 20 kwh capacity globally. On the basis of battery capacity, the less than 20 kwh segment is expected to represent a significant revenue growth, accounting for a value of over US$ 5,100 Mn by the end of 2026. In contrary, the more than 41 battery capacity segment is expected to register a healthy CAGR throughout the forecast period.

Based on vehicle, the hybrid electric vehicle (HEV) segment is expected to generate significant revenues, recording a value of over US$ 2,000 Mn by the end of 2017. However, the full battery electric vehicle (BEV) is expected to register a significant CAGR during the forecast period.

By vehicle type, the passenger car segment is expected to witness a robust revenue growth, accounting for a value of over US$ 8,100 Mn by the end of 2026. On the other hand, the others vehicle type segment is expected to register a robust CAGR throughout the forecast period.

Competition Tracking

Leading market players operating in the global automotive lithium ion battery pack market include Automotive Energy Supply Corporation, Panasonic Corporation, BYD Company Limited, GS Yuasa Corporation, LG Chem Ltd., Samsung SDI Co., Ltd., Tesla Motors, Inc., Hitachi Chemical Company, Ltd., Narada Power Source Co. Ltd., Johnson Controls International Plc., Tianneng Power International Co., Ltd., Crown Battery Corporation, Furukawa Electric Co., Ltd., EnerSys, Wanxiang Group Corporation, Leoch International Technology Ltd., Hoppecke Batterien GmbH & Co. KG., Coslight Technology International Group Co., Ltd., East Penn Manufacturing Co. and Toshiba Corporation. 

Company Profiles

  • CBAK Energy Technology, Inc 
  • Panasonic Corporation
  • BYD Company Limited
  • GS Yuasa Corporation
  • LG Chem Ltd.
  • Samsung SDI Co., Ltd.
  • Tesla Motors, Inc.
  • Hitachi Chemical Company, Ltd.
  • Saft Groupe SA 
  • Wanxiang Group Corporation 
  • Others.

 

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