Advanced Energy Storage for Automotive Applications: Lithium Ion Batteries for Battery, Plug-In Hybrid, and Hybrid Electric Vehicles and Stop-Start Vehicles: Global Market Analysis and Forecasts

LONDON, Oct. 8, 2015 /PRNewswire/ -- Global automotive manufacturers continue their efforts to produce more vehicles utilizing electric drivetrains. Most OEMs have introduced battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) models, almost all of which use lithium ion (Li-ion) batteries for onboard energy storage. Increasingly, hybrid electric vehicles (HEVs) are beginning to use Li-ion batteries instead of nickel-metal hydride (NiMH), and now stop-start vehicles (SSVs) using Li-ion batteries are entering the market. When designing electric or electrically assisted powertrains, OEMs continue to tailor their design approach to each model, factoring in not only economy, but also vehicle range, driver experience, and performance.

The immediate future looks to be secure for the Li-ion chemistry, and the move now is to continue to reduce costs while increasing energy density and vehicle range. These factors will lead to a greater percentage of BEVs being equipped with larger battery packs that can meet the standard that Tesla has established for vehicle range. According to Navigant Research, the global market for Li-ion batteries in light duty and medium/heavy duty vehicles is expected to grow from $7.8 billion in 2015 to $30.6 billion in 2024.

This Navigant Research report provides a detailed examination of the growing market for automotive Li-ion batteries, including profiles of the leading Li-ion battery manufacturers, systems integrators, and vehicle OEMs. The study assesses the relative sizes of the battery markets for different vehicle types, as well as vehicle roadmaps and projected sales for BEVs, PHEVs, HEVs, and SSVs. Global market forecasts for capacity and revenue from automotive Li-ion batteries, segmented by vehicle type and region, extend through 2024. The report also includes a review of the different Li-ion battery chemistries and competing energy storage technologies, such as ultracapacitors and NiMH batteries.

Key Questions Addressed:
What are the key market drivers and challenges for the adoption of plug-in electric vehicles (PEVs)?
How will the cost per kilowatt-hour for Li-ion batteries change in the next several years?
What are the different chemistries in the electric vehicle (EV) battery market?
Which vehicle segment offers the best opportunities for battery manufacturers?
What are the PEV, hybrid electric vehicle (HEV), and stop-start vehicle (SSV) sales roadmaps through 2024?
What are the forecasts for battery capacity and revenue for automotive Li-ion batteries through 2024?
How will the size of the automotive Li-ion battery market compare to the grid energy storage Li-ion battery market through 2024?

Who needs this report?
Vehicle manufacturers
Vehicle fleet managers
Automotive industry suppliers
Battery suppliers
Government agencies
Investor community
Download the full report: https://www.reportbuyer.com/product/3190952/

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