MRO Magazine

The Lithium-Ion Battery Market for HEVs is Expected to Grow at a CAGR of 15% from 2015-2019: Technavio

May 6, 2015
By Business Wire News


Technavio, a tech-focused market research firm, has published a new report on the global Li-ion battery market for hybrid electric vehicles (HEVs), which is expected to grow at a CAGR of more than 15% from 2015-2019.

About the report

The US comes second only to China in terms of harmful greenhouse gas emissions. The conversion efficiency of a Li-ion battery is much higher than that of gasoline vehicles, so in order to curb pollution and move away from dependence of dwindling fossil fuel reserves, the US government is promoting the adoption of electric cars.

“The higher conversion efficiency is expected to increase the market for lithium-ion batteries in plug-in hybrid and battery electric vehicles during the forecast period,” says Faisal Ghaus, Vice President of Technavio.

The latest market research by Technavio also emphasizes the availability of different types of Li-ion batteries depending on application, which bodes well for market growth over the next five years.

Market Scope and Calculation of Market Size

This report covers the present scenario and the growth prospects of the global Li-ion battery market for HEVs from 2015-2019. It considers the overall demand for Li-ion batteries based on the sales of HEVs to calculate the market size.

Key Information Covered in the Report:

  • Key Vendors:
    • A123 System LLC.
    • Automotive Energy Supply Corp.
    • Blue Energy Co.Ltd.
    • Hitachi Ltd.
    • Johnson Controls Inc.
    • LG Chem Ltd.
    • Panasonic Corp.
    • Toshiba Corp.
  • Market Growth Drivers:
    • Higher Conversion Efficiency of Li-ion Fueled HEVs
    • For a full detailed list, view our report.
  • Market Challenges:
  • Market Trends:
    • Availability of Different Types of Li-ion Battery
    • For a full detailed list, view our report.

Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the Li-ion battery market:

If you are interested in more information, please contact our media team at

Technavio Research
Jes Ellacott
Media & Marketing Executive
US: +1-630-333-9501
UK: +44-208-123-1770