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Global Hybrid Electric and Electric Vehicle Lithium-ion Battery Market
Frost & Sullivan, June 2012, Pages: 113
This research service, titled Analysis of the Global Hybrid Electric and Electric Vehicle Lithium-ion Battery Market, examines the growing use of lithium-ion (Li-ion) batteries in hybrid electric vehicles, electric vehicles, and plug-in electric vehicles. The service situates Li-ion batteries in relation to other market technology while examining the market’s drivers and restraints as well as its forecasts and trends. Market engineering measurements offer a total market perspective. Further, breakdowns of market share and the competitive landscape are also analyzed. Regional forecasts are given for North America, Europe, and Asia-Pacific. The study period is 2008 to 2017, and the base year is 2010.
Li-ion Batteries
Li-ion batteries are a type of rechargeable battery in which the lithium is the anode, and the cathode varies
depending on the material used. Li-ion batteries are the preferred choice for next-generation electrically
propelled light motor vehicles. The specific characteristics that favor Li-ion batteries are their high energy
and power density as well as their low self-discharge rate of x.x percent per month. Some examples of
Li-ion chemistries are lithium iron phosphate, lithium magnesium oxide, and lithium nickel-based.
Executive Summary
-Lithium-ion (Li-ion) refers to a family of rechargeable (secondary) batteries with varying qualities that affect energy density, power density, estimated lifetime, and safety. These qualities differ according to the materials—such as the electrolyte and electrode (anode and cathode) materials—that are used for the assorted components of the battery.
-The Li-ion battery market for hybrid electric vehicles (HEVs), electric vehicles (EVs), and plug-in hybrid electric vehicles (PHEVs) grew over five fold in 2010 compared to 2009.
-Much of this growth was due to the arrival of eagerly anticipated vehicles to the market such as the Chevy Volt and the Nissan LEAF, which stands for leading, environmentally friendly, affordable, family car; these vehicles are being produced in higher numbers than their predecessors. HEVs previously using nickel-metal hydride (NiMH) technology are now shifting in large part toLi-ion technology.
-The market is expected to experience significant growth through the forecast period
-This growth will be fueled by increased affordability, expanded charging infrastructure, and growing consumer confidence.
-Presently, a major restraint is the high cost of the battery system, which results from limited production levels coupled with ongoing research and development (R&D) among various firms searching for the ideal battery configuration (anode, cathode, and electrolyte combination). Consequently, this quest also prevents greater standardization.
-Without standardization, the logistics and practicality of both battery swapping and second-life applications, which would otherwise be more viable, become complicated.
-High crude prices, concerns over oil dependency, and other drivers are prompting continued government investment in the research, development, and production of improved battery technology.
-Government rebates also persist. These help to narrow the price gap between EVs and internal combustion engine (ICE) alternative vehicles, enticing customers to adopt EV solutions.
-Strategic partnerships and joint ventures (JVs) continue to be common trends because they allow for shared resources, cost and risk mitigation, and the fostering of a cohesive technological environment guided by a single vision.
Market Overview—Definitions
Revenue and Units Defined
Revenue is defined as U.S. dollars generated per each battery pack shipped to a vehicle manufacturer.
Unit shipment represented in the study refers to the number of battery packs shipped from the battery manufacturer to the vehicle manufacturer. One battery pack is considered as one unit. Hence, a vehicle is considered to use one battery pack. Additionally, HEVs powered through other battery chemistries such as NiMH or lead acid as well as other alternative energy storage solutions are not included in this research service
Market Overview—Definitions Electric Vehicles (EVs)
EVs use electric motors instead of an internal combustion engine (ICE) to propel a vehicle. The electric power is derived from a battery of one of several chemistries, including lead acid, NiMH, and Li-ion.
Electric Vehicles
(EVs)
An electric vehicle runs purely from electric power. Batteries are charged primarily through an electric outlet. Onboard recharging can be accomplished with solar panels and/or regenerative breaking. EVs are also referred to as battery electric vehicles (BEVs).
Examples of models on market: Nissan LEAF, Ford Focus Electric, Th!nk City, Ford Transit Connect Electric, and others High-performance
Electric Vehicles (HPEVs)
Forecasting for HPEVs is included with EVs.
Examples of models on market: eRuf Greenster,Tesla, Venturi Fetish Roadster, Fisker Karma, and Lightning GT
Hybrid Electric Vehicles (HEVs)
Full Hybrid
Mild Hybrid
Micro Hybrid
An HEV is a hybrid vehicle that combines a conventional propulsion system and a rechargeable energy storage system in order to obtain better fuel economy than that of conventional vehicles. The three major categories of hybrids are addressed below:
Full hybrids are vehicles that have an ICE and one or more electric motor or generator.
Consequently, they can be driven in pure-electric mode, pure-mechanical mode, or in combination.
Mild hybrids are conventional vehicles with large motors that turn off the engine during braking or stopping conditions, but they can also restart the engine quickly. The electric motor assists during restart of the vehicle or when there is a need for high acceleration.
Hybrid systems that execute the start-and-stop functions by means of a generator or by a small electric motor are defined as micro-hybrid vehicles.
These systems cannot be driven in the pure-electric mode.
Examples of models on market: Lexus CT 200h, Ford Fusion Hybrid, Toyota Camry Hybrid, and others Examples of models on market: Buick LaCrosse, GMC Sierra, and others
Examples of models on market: Saturn Vue, Honda Civic Hybrid, Chevrolet Malibu, Honda Insight, and others
Executive Summary
Market Overview
Total Market
-External Challenges: Drivers and Restraints
-Forecasts and Trends
-Market Share and Competitive Analysis
-Mega Trends and Industry Convergence Implications
The CEO’s 360 Degree Perspective
Electric Vehicle Segment Breakdown
Plug-in Hybrid Electric Vehicle Segment Breakdown
Hybrid Electric Vehicle Segment Breakdown
North American Breakdown
European Breakdown
APAC Breakdown
The Last Word (Conclusions and Implications)
Appendix
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