Strategic Analysis of Battery Technologies for Electric and Hybrid Vehicles in South Korea

Frost & Sullivan, December 2010, Pages: 105

This research service includes analysis of battery technologies for electric and hybrid vehicles in South Korea. It includes market overview of definitions of hybrids and electric vehicles, schematic representation of mild hybrids, full hybrids and electric vehicles, hybrid and electric vehicle strategies of OEMs in South Korea, introduction of hybrids and electric vehicle models, industry challenges, market drivers and restraints, product and technology roadmaps. It also includes battery market that includes market life cycle analysis, market size and forecasts for hybrids and electric vehicles, market breakdown by type of alternative powertrain and type of batteries

Research Overview

This Frost & Sullivan research service titled Strategic Analysis of Battery Technologies for Electric and Hybrid Vehicles in South Korea provides an overview of the hybrid and electric vehicle (EV) market and type of battery technologies adopted in South Korea. It also includes market forecasts by type of motor, hybrid type, EV type, market drivers and restraints, partnership and distribution network and supplier profiles. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: basic (A), sub-compact (B), compact (C), mid-size (D), large (E), large plus (F), multi-purpose vehicle (MPV), pick-up (PUP) and sport utility vehicle (SUV).

Market Overview

Lithium-ion Polymer Batteries to Dominate the Battery Market for Hybrid and Electric Vehicles in South Korea

Hybrid and EVs are riding a wave of popularity, as increasing social responsibility and environment consciousness are driving consumers to invest in fuel-efficient and low-emission vehicles. Original equipment manufacturers (OEMs) and suppliers will be keen to make the most of this trend and showcase their Green image by promoting zero-emission vehicles. Their endeavours are expected to expand the market size of hybrids from approximately 13,100 in 2010 to 131,500 in 2016 and EVs from 150 in 2010 to nearly 74,000 in 2016. Consequently, Frost & Sullivan estimates the lithium-ion polymer battery volume for hybrid and EVs to increase from approximately 6,200 in 2009 to 201,500 in 2016 at a compound annual growth rate (CAGR) of 65 per cent. The volume of lead-acid batteries is likely to increase from 13,780 in 2009 to 368,800 in 2016 at a CAGR of 55 per cent.

To tap the hybrid and EV market optimally, battery manufacturers have to tweak their technology. As hybrid and EV manufacturers are not completely satisfied with the current batteries, market participants will be compelled to develop advanced battery technologies such as Zinc Air batteries that help increase range and top speed, especially in EVs. “Presently, lithium ion battery is still at research and development stages and the technology has not been proven yet,” says the analyst of this research. OEMs need to develop a variety of hybrid and EV models to compete with conventional vehicles. New technologies and rapid improvements in hybrid powertrains, resulting in greater fuel efficiency, reliability, lifespan and improved performance, is a step in that direction.

Power electronics suppliers have a wide range of opportunities for the integration of battery monitoring units for battery application in hybrid and EVs. The battery control unit is integrated along with the battery and will be controlled by a centralised hybrid or EV controller. “Batteries are likely to be the main storage units and will influence the future design and testing of vehicles for OEMs,” notes the analyst. “OEMs and suppliers have to collaborate closely to develop batteries to catalyse the commercialization of alternative powertrain vehicles.”

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

- Basic (A)
- Sub-compact (B)
- Compact (C)
- Mid-size (D)
- Large (E)
- Large plus (F)
- Multi-purpose vehicle (MPV)
- Pick-up (PUP)
- Sport utility vehicle (SUV)

- 1. Executive Summary
- - 1.1 Market Overview – Hybrids and Electric Vehicles
- - 1.2 Key Trends in Battery Market
- - 1.3 Hybrid and EV Vehicle Models in South Korea
- - 1.4 Battery Capacity based on Type of Hybrids and Electric Vehicles
- - 1.5 Market Breakdown By Type of Batteries
- - 1.6 Market Breakdown By Battery Capacity
- - 1.7 OEMs’ Hybrid Vehicle Strategies
- - 1.8 OEMs’ Electric Vehicle Strategies
- - 1.9 OEM Sourcing Strategy
- - 1.10 Type of Lithium Batteries
- - 1.11 Market Share of Battery Suppliers
- - 1.12 Battery Cell Production Capacity
- - 1.13 Battery Recycling
- - 1.14 Strategic Conclusions and Recommendations

- 2. Market Analysis of Batteries for HEVs and EVs
- - 2.1 Definitions and Market Overview
- - - 2.1 a Definitions of Hybrid Electric Vehicles
- - - 2.1 b Schematic Representation of Mild Hybrid Vehicles
- - - 2.1 c Schematic Representation of Full Hybrid Vehicles
- - - 2.1 d Definitions of Electric Vehicles
- - - 2.1 e Schematic Representation of Electric Vehicles
- - - 2.1 f Market Overview of Hybrids and Electric Vehicles
- - - 2.1 g Hybrid and EV Vehicle Models in South Korea
- - - 2.1 h OEMs Hybrid Vehicle Strategies
- - - 2.1 i OEMs Electric Vehicle Strategies
- - 2.2 Industry Challenges Market Drivers and Restraints
- - - 2.2 a Industry Challenges
- - - 2.2 b 2.2 b Market Drivers
- - - 2.2 c Market Restraints
- - 2.3 Product and Technology Roadmap
- - - 2.3 a Product and Technology Roadmap
- - - 2.3 b Short Term Technology Trends
- - - 2.3 c Long Term Technology Trends
- - 2.4 Battery Market
- - - 2.4 a Type of Batteries
- - - 2.4 b Market Life Cycle Analysis
- - - 2.4 c Supply Chain Structure
- - 2.5 Market Size and Forecasts for Hybrids and Electric Vehicles
- - - 2.5 a Scenario Analysis –Hybrid Vehicles
- - - 2.5 b Scenario Analysis –Electric Vehicles
- - - 2.5 c Market Breakdown By Type of Alternative Powertrain
- - 2.6 Market Size and Forecasts of Batteries for Hybrids and Electric Vehicles
- - - 2.6 a Scenario Analysis –Batteries for Hybrid Vehicles
- - - 2.6 b Scenario Analysis –Batteries for Electric Vehicles
- - - 2.6 c Market Breakdown By Type of Batteries
- - - 2.6 d Market Breakdown of Lithium Ion Polymer Batteries By Hybrids and Electric Vehicles
- - - 2.6 e Market Breakdown of NiMH Batteries By Hybrids and Electric Vehicles
- - - 2.6 f Market Breakdown of Lead Acid Batteries By Hybrids and Electric Vehicles
- - - 2.6 g Market Breakdown of Batteries By Battery Capacity
- - - 2.6 h Market Share of Battery Suppliers
- - - 2.6 i Pricing Forecasts for Batteries
- - - 2.6 j Battery Recycling

- 3. Regulatory Impact Analysis
- - 3.1 Regulatory and Legislative Trends
- - 3.2 Government Support and Investments
- - 3.3 Green Strategy for Transportation Sector
- - 3.4 Strategic Conclusions and Recommendations

- 4. Key Market Participants Profile
- - 4.1 LG Chem
- - 4.2 SB LiMotive
- - 4.3 SK Energy

- 5. Appendix
- - 5.1 Snapshot of South Korea
- - 5.2 Abbreviations
- - 5.3 Compound Annual Growth Rate

6. About Frost and Sullivan
- - 6.1 About Frost and Sullivan

List of Figures
- HEV and EV Battery Market: Selected List of Primary Interviews (South Korea), 2010
- HEV and EV Battery Market: Market Overview (South Korea), 2010
- HEV and EV Battery Market: Batteries for Hybrid Vehicles (South Korea), 2010
- HEV and EV Battery Market: Batteries for Electric Vehicles (South Korea), 2010
- HEV and EV Battery Market: Type of Lithium Batteries (South Korea), 2010
- HEV and EV Battery Market: Market Share of Battery Suppliers (South Korea), 2016
- HEV and EV Battery Market: Market Overview (South Korea), 2010
- HEV and EV Battery Market: Batteries for Hybrid Vehicles (South Korea), 2010
- HEV and EV Battery Market: Batteries for Electric Vehicles (South Korea), 2010
- HEV and EV Battery Market: Types and Characteristics of EV Li-ion Batteries (World), 2010
- HEV and EV Battery Market: Market Share of Battery Suppliers (South Korea), 2016
- HEV and EV Battery Market: Average Battery Specifications of Lithium Based Electric Two Wheeler (World), 2010
- HEV and EV Battery Market: Major Lithium Producers (World), 2010
- HEV and EV Battery Market: Major Lithium Resource Companies (World), 2010
- HEV and EV Battery Market: Regulatory and Legislative Trends (South Korea), 2009
- HEV and EV Battery Market: Expected Government Investment for Green Car Project (South Korea), 2011-2030
- HEV and EV Battery Market: Product Portfolio of LG Chem (South Korea), 2010
- HEV and EV Battery Market: Product Portfolio of SB LiMotive (South Korea), 2010
- HEV and EV Battery Market: Product Portfolio of SK Energy (South Korea), 2010

List Of Charts:
- HEV and EV Battery Market: Key Research Findings (South Korea), 2010
- HEV and EV Battery Market: Key Trends (South Korea), 2010
- HEV and EV Battery Market: Hybrid and EV Models (South Korea), 2009-2015
- HEV and EV Battery Market: Battery Capacity by Hybrid and EV Type (South Korea), 2010
- HEV and EV Battery Market: Market Breakdown by Type of Batteries (South Korea), 2009-2016
- HEV and EV Battery Market: Market Breakdown by Battery Capacity (South Korea), 2009-2016
- HEV and EV Battery Market: OEM Sourcing Strategy (South Korea), 2010
- HEV and EV Battery Market: Type of Lithium Batteries (South Korea), 2010
- HEV and EV Battery Market: Market Share of Battery Suppliers (South Korea), 2010
- HEV and EV Battery Market: Battery Cell Production Capacity (South Korea), 2015
- HEV and EV Battery Market: Battery Recycling (South Korea), 2010
- HEV and EV Battery Market: Strategic Conclusions and Recommendations (South Korea), 2010
- HEV and EV Battery Market: Schematic Representation of Mild Hybrid Vehicles (South Korea), 2010
- HEV and EV Battery Market: Schematic Representation of Full Hybrid Vehicles (South Korea), 2010
- HEV and EV Battery Market: Schematic Representation of Electric Vehicles (South Korea), 2010
- HEV and EV Battery Market: Hybrid and EV Models (South Korea), 2009-2015
- HEV and EV Battery Market: OEMs Hybrid Vehicle Strategies (South Korea), 2009
- HEV and EV Battery Market: OEMs Electric Vehicle Strategies (South Korea), 2009
- HEV and EV Battery Market: Industry Challenges (South Korea), 2011-2017
- HEV and EV Battery Market: Market Drivers and Restraints (South Korea), 2011-2017
- HEV and EV Battery Market: Product and Technology Roadmap (South Korea), 2009-2016
- HEV and EV Battery Market: Short Term Technology Trends (South Korea), 2010
- HEV and EV Battery Market: Long Term Technology Trends (South Korea), 2010
- HEV and EV Battery Market: Type of Battery Technologies (South Korea), 2010
- HEV and EV Battery Market: Battery Monitoring Unit (South Korea), 2010
- HEV and EV Battery Market: Market Life Cycle Analysis (South Korea), 2010
- HEV and EV Battery Market: Supply Chain Structure (South Korea), 2010
- HEV and EV Battery Market: Scenario Analysis for Hybrid Vehicles (South Korea), 2009-2016
- HEV and EV Battery Market: Scenario Analysis for Electric Vehicles (South Korea), 2009-2016
- HEV and EV Battery Market: Market Breakdown by Type of Alternative Powertrain (South Korea), 2009-2016
- HEV and EV Battery Market: OEMs Electric Vehicle Strategies (South Korea), 2009
- HEV and EV Battery Market: Industry Challenges (South Korea), 2011-2017
- HEV and EV Battery Market: Market Drivers and Restraints (South Korea), 2011-2017
- HEV and EV Battery Market: Product and Technology Roadmap (South Korea), 2009-2016
- HEV and EV Battery Market: Short Term Technology Trends (South Korea), 2010
- HEV and EV Battery Market: Long Term Technology Trends (South Korea), 2010
- HEV and EV Battery Market: Type of Battery Technologies (South Korea), 2010
- HEV and EV Battery Market: Battery Monitoring Unit (South Korea), 2010
- HEV and EV Battery Market: Market Life Cycle Analysis (South Korea), 2010
- HEV and EV Battery Market: Supply Chain Structure (South Korea), 2010
- HEV and EV Battery Market: Scenario Analysis for Hybrid Vehicles (South Korea), 2009-2016
- HEV and EV Battery Market: Scenario Analysis for Electric Vehicles (South Korea), 2009-2016
- HEV and EV Battery Market: Market Breakdown by Type of Alternative Powertrain (South Korea), 2009-2016
- HEV and EV Battery Market: Green Strategy for Transportation Sector (South Korea), 2009
- HEV and EV Battery Market: Strategic Conclusions and Recommendations (South Korea), 2009
- HEV and EV Battery Market: LG Chem Profile (South Korea), 2010
- HEV and EV Battery Market: SB LiMotive Profile (South Korea), 2010
- HEV and EV Battery Market: SK Energy Profile (South Korea), 2010
- HEV and EV Battery Market: Snapshot (South Korea), 2009
- HEV and EV Battery Market: CAGR (South Korea), 2005-2015

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