Hybrid EV Battery Market Size, Share, By Battery Type (Lithium-Ion Battery, Nickel-Metal Hydride Battery, Lead-Acid Battery, Ultra-Capacitor, and Others), Vehicle Type (Hybrid Electric Vehicles (HEV), Plug-in Hybrid Vehicles (PHEV), and Battery Electric V
Description
Hybrid EV Battery Market Size, Share, By Battery Type (Lithium-Ion Battery, Nickel-Metal Hydride Battery, Lead-Acid Battery, Ultra-Capacitor, and Others), Vehicle Type (Hybrid Electric Vehicles (HEV), Plug-in Hybrid Vehicles (PHEV), and Battery Electric Vehicle (BEV)), Method (Wire Bonding and Laser Bonding), Application (Rail Cars, Scooters, Forklifts, Buses, Cars, and Others), and Region - Trends, Analysis, and Forecast till 2035
The Hybrid EV Battery Market Report offers an in-depth exploration of emerging market trends, driving factors, challenges, and key segments that shape the industry. It includes a thorough examination of regulatory frameworks, company profiles, and the latest industry developments. The report delves into product development, positioning strategies, and the impact of new technologies on the market landscape. By identifying challenges and opportunities, the report provides a detailed roadmap for market growth.
The electric motor of a hybrid electric vehicle (HEV) is powered by a battery that is replenished by the internal combustion engine and regenerative braking. This lowers emissions and increases fuel economy. Government incentives, environmental concerns, and customer interest are driving growth in the hybrid EV battery market. Battery technology advancements increase the appeal of batteries for PHEVs and HEVs, lowering its cost and promoting market diversity.
Report Highlights:
Hybrid EV Battery Market size is accounted at USD 24.6 Billion in 2025.
Target Market size is estimated to be valuated at USD 157.8 Billion by 2035 and at a registered CAGR of 22.6%.
On the basis of battery type, the lithium-ion battery segment is expected to lead the hybrid EV battery market share.
According to vehicle type, the hybrid electric vehicle (HEV) segment is anticipated to rule over the target market.
Based on method, the wire bonding method is attributed to govern the hybrid EV battery market.
Dependent on application, the cars segment is projected to influence the hybrid EV battery market.
By Region, Asia Pacific is the region which is estimated to dominate the hybrid EV battery market share.
Europe is the region which has the hybrid EV battery market growing with the fastest growth rate, during the forecast period.
Key Highlights:
In October 2024, CATL launched Freevoy Super Hybrid Battery, the world's first hybrid vehicle battery to achieve a pure electric range of over 400 kilometers and 4C superfast charging, heralding a new era for high-capacity EREV and PHEV batteries. As a transformative solution, Freevoy redefines PHEV and EREV batteries as consumers were frustrated with EREVs and PHEVs due to short range, slow charging, and reduced low-temperature performance, demanding immediate solutions to address the unsatisfactory pure electric experiences.
Report Analysis:
Power and Energy Requirements for Charge-Sustaining HEV Mode:
The battery must support charge-sustaining HEV operation (both power and available energy) at the minimum state-ofcharge (SOC).
It is defined that battery requirements for power-assist HEVs that are charge-sustaining. Similar power and available energy requirements were selected.
Data indicates that if a battery system meets the AER peak power targets, it also meet the CS HEV needs.
Segmentation:
By Battery Type:
Lithium-Ion Battery
Nickel-Metal Hydride Battery
Lead-Acid Battery
Ultra-Capacitor
Others
By Vehicle Type:
Hybrid Electric Vehicles (HEV)
Plug-in Hybrid Electric Vehicles (PHEV)
Battery Electric Vehicles (BEV)
By Method:
Wire Bonding
Laser Bonding
By Application:
Rail Cars
Scooters
Forklifts
Buses
Cars
Others
By Region:
North America
U.S.
Canada
Europe
Germany
U.K.
France
Russia
Italy
Spain
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Indonesia
Malaysia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
GCC
Israel
South Africa
Rest of Middle East & Africa
The report also includes a competitive analysis with a detailed SWOT review, examining the strengths, weaknesses, opportunities, and threats of each leading company, as well as their market share and product offerings.
Hybrid EV Battery Market Companies:
BYD Europe B.V.
Contemporary Amperex Technology Co., Limited
LG Energy Solution
Panasonic Canada Inc.
Exide Technologies
TDSG
SAMSUNG SDI
TOSHIBA CORPORATION
Saft
Hitachi Automotive
GS Yuasa International Ltd.
ENERSYS
MITSUBISHI MOTORS CORPORATION
Robert Bosch GmbH
Northvolt AB
What Our Report Delivers:
Key Questions Answered in the Report.
What was the Hybrid EV Battery Market size in 2025?
What is projected growth rate of the Hybrid EV Battery Market during 2025-2035?
What are the key factors driving the Hybrid EV Battery Market growth?
What are leading players in the Hybrid EV Battery Market ?
What are the key regions analyzed in the Hybrid EV Battery Market ?
Which region is dominating in the Hybrid EV Battery Market ?
The Hybrid EV Battery Market Report offers an in-depth exploration of emerging market trends, driving factors, challenges, and key segments that shape the industry. It includes a thorough examination of regulatory frameworks, company profiles, and the latest industry developments. The report delves into product development, positioning strategies, and the impact of new technologies on the market landscape. By identifying challenges and opportunities, the report provides a detailed roadmap for market growth.
The electric motor of a hybrid electric vehicle (HEV) is powered by a battery that is replenished by the internal combustion engine and regenerative braking. This lowers emissions and increases fuel economy. Government incentives, environmental concerns, and customer interest are driving growth in the hybrid EV battery market. Battery technology advancements increase the appeal of batteries for PHEVs and HEVs, lowering its cost and promoting market diversity.
Report Highlights:
Hybrid EV Battery Market size is accounted at USD 24.6 Billion in 2025.
Target Market size is estimated to be valuated at USD 157.8 Billion by 2035 and at a registered CAGR of 22.6%.
On the basis of battery type, the lithium-ion battery segment is expected to lead the hybrid EV battery market share.
According to vehicle type, the hybrid electric vehicle (HEV) segment is anticipated to rule over the target market.
Based on method, the wire bonding method is attributed to govern the hybrid EV battery market.
Dependent on application, the cars segment is projected to influence the hybrid EV battery market.
By Region, Asia Pacific is the region which is estimated to dominate the hybrid EV battery market share.
Europe is the region which has the hybrid EV battery market growing with the fastest growth rate, during the forecast period.
Key Highlights:
In October 2024, CATL launched Freevoy Super Hybrid Battery, the world's first hybrid vehicle battery to achieve a pure electric range of over 400 kilometers and 4C superfast charging, heralding a new era for high-capacity EREV and PHEV batteries. As a transformative solution, Freevoy redefines PHEV and EREV batteries as consumers were frustrated with EREVs and PHEVs due to short range, slow charging, and reduced low-temperature performance, demanding immediate solutions to address the unsatisfactory pure electric experiences.
Report Analysis:
Power and Energy Requirements for Charge-Sustaining HEV Mode:
The battery must support charge-sustaining HEV operation (both power and available energy) at the minimum state-ofcharge (SOC).
It is defined that battery requirements for power-assist HEVs that are charge-sustaining. Similar power and available energy requirements were selected.
Data indicates that if a battery system meets the AER peak power targets, it also meet the CS HEV needs.
Segmentation:
By Battery Type:
Lithium-Ion Battery
Nickel-Metal Hydride Battery
Lead-Acid Battery
Ultra-Capacitor
Others
By Vehicle Type:
Hybrid Electric Vehicles (HEV)
Plug-in Hybrid Electric Vehicles (PHEV)
Battery Electric Vehicles (BEV)
By Method:
Wire Bonding
Laser Bonding
By Application:
Rail Cars
Scooters
Forklifts
Buses
Cars
Others
By Region:
North America
U.S.
Canada
Europe
Germany
U.K.
France
Russia
Italy
Spain
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Indonesia
Malaysia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
GCC
Israel
South Africa
Rest of Middle East & Africa
The report also includes a competitive analysis with a detailed SWOT review, examining the strengths, weaknesses, opportunities, and threats of each leading company, as well as their market share and product offerings.
Hybrid EV Battery Market Companies:
BYD Europe B.V.
Contemporary Amperex Technology Co., Limited
LG Energy Solution
Panasonic Canada Inc.
Exide Technologies
TDSG
SAMSUNG SDI
TOSHIBA CORPORATION
Saft
Hitachi Automotive
GS Yuasa International Ltd.
ENERSYS
MITSUBISHI MOTORS CORPORATION
Robert Bosch GmbH
Northvolt AB
What Our Report Delivers:
- Regional & Country-Level Market Insights: Detailed market share analysis across key regions and countries to help you understand competitive positioning.
- Guidance for New Market Players: Actionable strategic recommendations for businesses entering the market, ensuring a strong foothold from the start.
- Comprehensive Market Forecasts: Reliable data projections for 2024, 2025, 2026, 2028, and 2032 to support long-term planning and investment decisions.
- In-Depth Market Dynamics: Analysis of drivers, restraints, opportunities, and emerging threats, along with challenges and high-potential investment areas.
- Data-Driven Business Strategies: Expert recommendations tailored to key market segments, backed by precise market evaluations.
- Competitive Intelligence: Mapping of prevailing industry trends and competitor strategies to identify growth opportunities.
- Detailed Company Profiles: In-depth analysis of major players, including their business strategies, financial performance, and recent developments.
- Supply Chain Innovations: Insights into the latest technological advancements and trends shaping supply chain efficiency
Key Questions Answered in the Report.
What was the Hybrid EV Battery Market size in 2025?
What is projected growth rate of the Hybrid EV Battery Market during 2025-2035?
What are the key factors driving the Hybrid EV Battery Market growth?
What are leading players in the Hybrid EV Battery Market ?
What are the key regions analyzed in the Hybrid EV Battery Market ?
Which region is dominating in the Hybrid EV Battery Market ?
Table of Contents
180 Pages
- Hybrid EV Battery Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Battery Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Method
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Type Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Approach for Defining Battery Power and Energy
- Vehicle Simulations and Analysis
- Bases for Selection of Battery Requirements
- Market Segmentation, By Battery Type, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Lithium-Ion Battery
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Nickel-Metal Hydride Battery
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Lead-Acid Battery
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Ultra-Capacitor
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Vehicle Type, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Hybrid Electric Vehicles (HEV)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Plug-in Hybrid Electric Vehicles (PHEV)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Battery Electric Vehicles (BEV)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Method, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Wire Bonding
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Laser Bonding
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Application, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Rail Cars
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Scooters
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Forklifts
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Buses
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Cars
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (USD Bn), By Battery Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Vehicle Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Method, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Asia Pacific
- Market Size and Forecast (USD Bn), By Battery Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Vehicle Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Method, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Rest of Asia Pacific
- Europe
- Market Size and Forecast (USD Bn), By Battery Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Vehicle Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Method, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
- Latin America
- Market Size and Forecast (USD Bn), By Battery Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Vehicle Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Method, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast (USD Bn), By Battery Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Vehicle Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Method, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Pricing
Currency Rates
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