Global Hybrid EV Battery Market Size, Trends, and Growth Opportunity, By Vehicle Type (Small Car, Compact Car, Mid-size Car, Luxury Car, SUVs & Crossover, and Others), By Battery Type (Lead Acid Battery, Nickel Metal Hydride Battery, and Lithium-ion Battery), By Propulsion (BEV, HEV, PHEV, and FCEV), By Method (Wire Bonding and Laser Bonding) By Region and Forecast to 2030.
Global Hybrid EV Battery Market 
The Global Hybrid EV Battery Market was valued at USD 52,364 million in 2022 and is expected to reach USD 436,112.7 million by 2030, at a CAGR 28.58% during the forecast period 2023- 2030.
A battery used to power the electric motors of a battery electric vehicle (BEV) or hybrid electric vehicle (HEV) is referred to as an electric-vehicle battery (EVB, sometimes known as a traction battery). These batteries are rechargeable (secondary), and lithium-ion batteries are used in most cases. These batteries are created with high ampere-hour (or kilowatt-hour) capacities. Since deep-cycle batteries are made to provide power for extended periods, they set themselves apart from starting, lights, and ignition (SLI) batteries. Smaller, lighter batteries are preferable since they reduce the weight of the vehicle and hence increase its performance. Electric vehicle batteries are distinguished by their relatively high power-to-weight ratio, specific energy, and energy density.
Market Drivers
Decreasing crude oil reserves and problems with the environment, hybrid vehicles that utilize an electric battery have been positively adopted by the governments of many important nations are the factors driving the market growth. The lack of emissions associated with transportation and the opportunity to use and develop renewable energy sources make electric vehicles much superior to conventional internal combustion engine vehicles which are projected to boost the market growth in the coming years.
Furthermore, businesses are developing business models that enable consumers to change or exchange EV batteries once they have been depleted, such as battery swapping and battery-as-a-service (BaaS) which is propelling the market growth.
Market Restraints
There have been certain occurrences that have cast doubt on the safety of these batteries, such as the recall of 68,000 Chevy EV Bolts following five battery-related fire accidents. Several non-flammable substances, including lithium, manganese, and polymers, are found in EV batteries which are projected to hamper the market growth in the coming years.
Market Segmentation
The Global Hybrid EV Battery Market is segmented into Vehicle Type, Battery Type, Propulsion, and Method.
Based on Vehicle Type, the market is divided into Small Car, Compact Car, Mid-size Car, Luxury Car, SUVs & Crossover, and Others.
Based on Battery Type, the market is segmented into Lead Acid Batteries, Nickel Metal Hydride Battery, and Lithium-ion Battery.
Based on Propulsion, the market is classified into BEV, HEV, PHEV, and FCEV.
Based on Method, the market is segmented into Wire Bonding and Laser Bonding.
Regional Analysis
The Global Hybrid EV Battery Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Asia-Pacific region held the largest market share. The use of lithium-ion batteries is predicted to increase significantly in the region due to the rising use of electric vehicles in nations like China, Japan, and India, as well as the strong demand for vehicles brought on by urbanization and rising power purchase parity.
Favorable regulations, such as energy efficiency standards, rising peak demand charges, and technological advancements have caused project developers to pay more attention to the commercial and industrial (C&I) sector. This is primarily due to China's and India's robust economic growth, which is expected to fuel the demand for lithium-ion-based energy storage systems in the area.
Key Players
Various key players are discussed in the Global Hybrid EV Battery Market Report including: Panasonic Corporation, LG Energy Solution Ltd, Contemporary Amperex Technology Co. Ltd, Samsung SDI Co. Ltd, and BYD Co. Ltd.
In February 2021, Amara Raja Batteries, the second-largest manufacturer of car batteries in India, inaugurated its first technological hub to create lithium-ion cells at its Tirupati site in Andhra Pradesh.
Market Taxonomy
By Vehicle Type 
• Small Car
• Compact Car
• Mid-size Car
• Luxury Car
• SUVs & Crossover
• Others
By Battery Type
• Lead Acid Battery
• Nickel Metal Hydride Battery
• Lithium-ion Battery
By Propulsion 
• BEV
• HEV
• PHEV
• FCEV
By Method
• Wire Bonding
• Laser Bonding
By Region
• North America    
• Latin America    
• Europe     
• Asia Pacific  
• Middle East & Africa
 

Global Hybrid EV Battery Market
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Hybrid EV Battery Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn 
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Hybrid EV Battery Market, By Vehicle Type 
5.1 Y-o-Y Growth Comparison, By Vehicle Type  
5.2 Global Hybrid EV Battery Market Share Analysis, By Vehicle Type  
5.3 Global Hybrid EV Battery Market Size and Forecast, By Vehicle Type 
5.3.1 Small Car
5.3.2 Compact Car
5.3.3 Mid-size Car 
5.3.4 Luxury Car
5.3.5 SUVs & Crossover
5.3.6 Others
6 Global Hybrid EV Battery Market, By Battery Type 
6.1 Y-o-Y Growth Comparison, By Battery Type 
6.2 Global Hybrid EV Battery Market Share Analysis, By Battery Type 
6.3 Global Hybrid EV Battery Market Size and Forecast, By Battery Type 
6.3.1 Lead Acid Battery
6.3.2 Nickel Metal Hydride Battery
6.3.3 Lithium-ion Battery
8 Global Hybrid EV Battery Market, By Propulsion
8.1 Y-o-Y Growth Comparison, By Propulsion
8.2 Global Hybrid EV Battery Market Share Analysis, By Propulsion
8.3 Global Hybrid EV Battery Market Size and Forecast, By Propulsion
8.3.1 BEV
8.3.2 HEV
8.3.3 PHEV
8.3.4 FCEV
9 Global Hybrid EV Battery Market, By Method
9.1 Y-o-Y Growth Comparison, By Method
9.2 Global Hybrid EV Battery Market Share Analysis, By Method
9.3 Global Hybrid EV Battery Market Size and Forecast, By Method
9.3.1 Wire Bonding 
9.3.2 Laser Bonding
10 Global Hybrid EV Battery Market, By Region
10.1 Global Hybrid EV Battery Market Share Analysis, By Region
10.2 Global Hybrid EV Battery Market Size and Forecast, By Region
11 North America Hybrid EV Battery Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 North America Hybrid EV Battery Market Share Analysis, By Vehicle Type  
11.3 North America Hybrid EV Battery Market Size and Forecast, By Battery Type 
11.4 North America Hybrid EV Battery Market Size and Forecast, By Propulsion
11.5 North America Hybrid EV Battery Market Size and Forecast, By Method
11.6 North America Hybrid EV Battery Market Size and Forecast, By Country
11.6.1 U.S.
11.6.2 Canada
11.6.3 Mexico
12 Europe Hybrid EV Battery Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Europe Hybrid EV Battery Market Share Analysis, By Vehicle Type  
12.3 Europe Hybrid EV Battery Market Size and Forecast, By Battery Type 
12.4 Europe Hybrid EV Battery Market Size and Forecast, By Propulsion
12.5 Europe Hybrid EV Battery Market Size and Forecast, By Method
12.6 Europe Hybrid EV Battery Market Size and Forecast, By Country
12.6.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Hybrid EV Battery Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Asia Pacific Hybrid EV Battery Market Share Analysis, By Vehicle Type  
13.3 Asia Pacific Hybrid EV Battery Market Size and Forecast, By Battery Type 
13.4 Asia Pacific Hybrid EV Battery Market Size and Forecast, By Propulsion
13.5 Asia Pacific Hybrid EV Battery Market Size and Forecast, By Method
13.6 Asia Pacific Hybrid EV Battery Market Size and Forecast, By Country
13.6.1 China 
13.6.2 Japan
13.6.3 India
13.6.4 Rest of Asia Pacific
14 6atin America Hybrid EV Battery Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Latin America Hybrid EV Battery Market Share Analysis, By Vehicle Type  
14.3 Latin America Hybrid EV Battery Market Size and Forecast, By Battery Type 
14.4 Latin America Hybrid EV Battery Market Size and Forecast, By Propulsion
14.5 Latin America Hybrid EV Battery Market Size and Forecast, By Method
14.6 Latin America Hybrid EV Battery Market Size and Forecast,By Country
14.6.1 Brazil
14.6.2 Rest of Latin America
15 Middle East Hybrid EV Battery Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Middle East Hybrid EV Battery Market Share Analysis, By Vehicle Type  
15.3 Middle East Hybrid EV Battery Market Size and Forecast, By Battery Type 
15.4 Middle East Hybrid EV Battery Market Size and Forecast, By Propulsion
15.5 Middle East Hybrid EV Battery Market Size and Forecast, By Method
15.6 Middle East Hybrid EV Battery Market Size and Forecast, By Country
15.6.1 Saudi Arabia
15.6.2 UAE
15.6.3 Egypt
15.6.4 Kuwait
15.6.5 South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Panasonic Corporation
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 LG Energy Solution Ltd
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 Contemporary Amperex Technology Co. Ltd
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Samsung SDI Co. Ltd 
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 BYD Co. Ltd.
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies