Hybrid vehicle battery market to reach $2.3 billion by 2015

Global sales of hybrid vehicles, estimated at 384,000 vehicles in 2006, will reach 1.1 million units in 2010 and 2 million units by 2015, according to a new study, The 2007 Advanced Automotive Battery Industry Report, published by Advanced Automotive Batteries, a battery consultancy headed by Dr. Menahem Anderman.

The corresponding HEV-battery market, estimated at $600 million in 2006, is expected to grow to $1.4 billion in 2010 and $2.3 billion in 2015. This is of comparable magnitude to the conventional lead-acid OEM auto-starting battery business, which is currently about $2 billion. For vehicles, Toyota, with a 2006 market share of 78%, will remain the clear market leader with a projected share of 60% in 2015. Next in line will be Honda, Ford and General Motors, with a projected combined market share of 25% in 2015; other automakers will account for the remaining 15%.

NiMH batteries will continue to be the dominant HEV-battery technology through 2010, but are likely to later concede market share to Li-ion batteries. The report suggests that Li-ion batteries can capture 5% of the market by 2010, and 36% by 2015. Two Japanese battery producers, Panasonic EV Energy and Sanyo, share more than 85% of the current NIMH HEV battery market. Both companies are also developing Li-ion battery solutions for this market where more than a dozen additional battery makers from Japan, Korea, and the US are intending to compete.

(2007-06-02 11:51:30 SGT) [Energy] Permalink Comments [2]

Comments:

i mention panasonic and sanyo are largest hybrid battery makers... what about cobasys ? the american company that makes the nimh batteries?
i thought they ane ovonic battery held the patent on these types of batteries?

Posted by pedmac on June 03, 2007 at 10:51 AM SGT #

Panasonic and Sanyo supply Ni-MH batteries for the Toyota Prius and Honda Civic Hybrid, respectively, the top #1 and #2 hybrid vehicles in terms of sales, so 85% market share between them isn't that much of a surprise.

Not so sure where Cobasys comes in. I've only read that they and A123Systems are collaborating on next-generation Li-Ion batteries. The Japanese are keen on this area too - Panasonic, Sanyo and Fuji are also doing research into this area.

With a market denominated in billions of dollars, it will be a huge competition, as the last line of the excerpt mentions.

Posted by lowem on June 03, 2007 at 01:16 PM SGT #

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