Global Automotive LiB Market: Key Research Findings 2018

Global Automotive LiB Market: Key Research Findings 2018

Yano Research Institute (the President, Takashi Mizukoshi) has conducted a survey on the global automotve lithium ion battery market and has found out the trends of the products by segment, trends of market players, and the future perspectives.

Figure & Table 1: Transition and Forecast of Global Automotive LiB Market Size by xEV Type
Figure & Table 1:  Transition and Forecast of Global Automotive LiB Market Size by xEV Type

Market Overview

The global automotive LiB (Lithium-ion Battery) market in 2017 steadfastly grew to 57.4GWh, 123.1% of the size of the previous year.  Enhancements of environmental regulations that promote electric vehicles and various incentives for xEVs in each country have contributed to the continuous growth. Such global market expansion has been primarily driven by China and Europe, the former because of some imperative measures needed to reduce the serious air pollutions and the latter because of the world’s strictest regulations against fuel consumption with the goal to drastically reduce greenhouse effect gases.

While the LiB market for passenger-car EVs keeps its strong growth, the LiB market for commercial-car EVs has failed to exceed the previous-year results.  Therefore, there has been a difference between car types.  Slowdown of the LiB market for commercial-car EVs in 2017 stems from the revisions to the subsidy systems for EVs and PHEVs by the Chinese government, in which the subsidies for EV buses have been reduced, leading the number of buses sold to decline.

Though passenger-car EVs are likely to continue growing in 2018, if some changes are made to various regulations including subsidy systems, the growth speed of the entire market may decline furthermore.  Therefore, the global automotive LiB market is projected to be 62.2GWh, 108.3% of the size of the previous year.

Noteworthy Topics

The xEV market that affects the automotive LiB market is in the state of being directly affected by the changes in subsidy systems, regulations against fuel consumption, and etc., in the leading companies.  In China the revised subsidy system has affected the xEV market growth and development trends of automotive LiBs, while in Europe, more satisfying list of xEVs at OEM enterprises has been promoted in order to cope with the regulations of CAFE (Corporate Average Fuel Efficiency) to be in effect in 2021.

On the other hand, in order to extend the driving distance of EVs and to reduce the cost, some attempts have been made to increase the capacity of LiBs at cells and packs in the automotive LiB market. There are following cost issues at automotive LiB cell makers: Rising raw material prices; Improvement needed in materials to increase the capacity; and Development needed for new materials.  Also, because of the stable quality, the demands tend to concentrate in some of large automotive LiB cell makers, so that OEMs continue needing to prevent risks when procuring automotive LiB cells. 

Research Outline

1.Research Period: From April to September, 2018
2.Research Object: Automakers in Japan, Europe, U.S., South Korea and China, automotive LiB makers in Japan, South Korea and China
3.Research Methogology: Face-to-face research by the expert researchers and literature research

What is the Automotive LiB Market?

Automotive LiBs (lithium-ion batteries) are those mounted in xEVs (i.e., Electric vehicles [EVs], plug-in hybrid electric vehicles [PHEVs], and hybrid electric vehicles [HEVs]) used for driving motors.  The automotive LiB market in this research indicates the market of LiBs mounted in mild-Hybrid Electric Vehicles (SSV/12V/48V), HEVs, PHEVs, and EVs used as passenger cars and commercial cars. The market size until 2017 were calculated based on the shipment at xEV makers that mount LiBs.  In 2018 and beyond the market size are based on LiB capacity calculated from production of xEVs.

Published Report

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