About Lithium-ion (Li-ion) Batteries in Hybrid and Electric Vehicles
Lithium-ion (Li-ion) Batteries is a high-capacity battery is required for hybrid as well as electric automobiles to improve acceleration and fuel economy. When compared to comparably sized traditional cells. Lithium-ion (Li-ion) Batteries high energy per unit mass compared to other electrical energy storage methods, lithium-ion batteries are now employed in the majority of portable consumer gadgets such as mobile phones and laptops. They also feature a high power-to-weight ratio, outstanding high-temperature performance, and a low self-discharge. Lithium ion batteries for electric cars are made up of cells, a housing with vehicle connectors, a cooling system, and a battery management system. With the exception of LFP cells, lithium-ion batteries offer a high power density, no memory influence, and a low self-discharge rate. Power or strength density can be emphasised in cells. They can, however, be a security risk because they contain volatile electrolytes that can cause explosions and flames if damaged or wrongly charged.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The Global market of Lithium-ion (Li-ion) Batteries in Hybrid and Electric Vehicles included more number of player which are provide high number of services so the global market are less competition. In worldwide market of Lithium-ion (Li-ion) Batteries in Hybrid and Electric Vehicles the presented companies follow the new launch or innovation of product for increasing their revenue and growth. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Lithium-ion (Li-ion) Batteries in Hybrid and Electric Vehicles market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Contemporary Amperex Technology Co. Limited (China), LG Energy Solution (South Korea), Panasonic (Japan), Toshiba (Japan), Exide Industries (India), BYD Co., Ltd. (China), CALB (China), Envision AESC (Japan), EVE Energy Co., Ltd. (China) and Farasis Energy (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Northvolt (Sweden), Samsung SDI Co., Ltd. (South Korea), SK Innovation Co., Ltd. (South Korea) and SVOLT (China).
Segmentation Overview
AMA Research has segmented the market of Global Lithium-ion (Li-ion) Batteries in Hybrid and Electric Vehicles market by Type (Lithium Nickel Cobalt Aluminium Oxide, Lithium Manganese Oxide, Lithium Cobalt Oxide and Lithium Iron Phosphate), Application (Electric Vehicle and Hybrid vehicles) and Region.
On the basis of geography, the market of Lithium-ion (Li-ion) Batteries in Hybrid and Electric Vehicles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Lithium-ion (Li-ion) Batteries in Hybrid and Electric Vehicles market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Modern Technology in Automobile Industry and Expanding Interest among Consumer about EV and Hybrid Vehicles
Market Growth Drivers:
Accumulative Claim in Automotive Industries, Low Maintains Cost Lithium Ion Battery, Fast Charging Support and Intensifying Approval in Electric As Well As Hybrid Vehicle
Challenges:
Absence of Row Materials for Manufacturing of Lithium Ion Battery, Deficiency of Skilled Labours for Lithium Ion Battery, Hard To Maintain Quality Standard and Lack of Supply Chain on behalf of Lithium Ion Battery
Restraints:
Risk of Fire and Explosion of Lithium Ion Battery, High Cost of Lithium Ion Battery and Low Life than Any Other Battery
Opportunities:
Reducing Costs of Lithium-Ion Batteries, Escalating Claim of EV Vehicles Globally and Mounting Government Investment In Reduce Carbon Emission
On Jan.2022 Toshiba launches 20Ah-HP SCiB Rechargeable Lithium-ion Battery Cell that Delivers Both High Energy and High Power. Toshiba's existing 20Ah cell, the new 20Ah-HP cell provides 1.7x greater input and 1.6x higher output, thanks to a 40% decrease in cell resistance. When a significant current is provided, this innovation efficiently suppresses heat generation, allowing for the construction of a simpler cooling system. Water cooling, for example, can be reduced to forced air cooling, and forced air cooling to natural cooling, depending on the customer's system. Reduced resistance also minimises overvoltage, allowing the cell to operate in a broader variety of state-of-charge conditions (SOC).
The USA's federal, state, and municipal governments are each in charge of different aspects of battery recycling and disposal. There are no specific federal laws in the US that address recycling lithium-ion batteries as of July 2020. In recent years, Senate legislation have been submitted. In relation to recycling lithium-ion batteries, there are two federal legislation. The Mercury-Containing and Battery Management Act, which mandates that businesses accept and recycle used batteries, might serve as a model for the recycling of lithium-ion batteries in the future. The Resource Conservation and Recovery Act, the second legislation, outlines the legal foundations for the secure disposal of solid waste that is both hazardous and non-hazardous
Key Target Audience
Lithium-ion (Li-ion) Batteries in Hybrid and Electric Vehicles manufacture, Vendor and Supplier, Investor, New Entrance, Government bodies, Corporate Entities and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.