Market Size (2016)
2016
$5.03B
Vertical: EnPBase Year: 20189 Sections
Market Size (2016)
2016
$5.03B
Projected (2025)
2025
$23.93B
CAGR (2016–2025)
18.9%
18.9%Key Players
109+
Hybrid battery is an integral component of hybrid vehicles having the ability to get recharged. Hybrid batteries are also capable of improving acceleration and fuel efficiency of hybrid vehicles. These batteries have generally two electrodes that get fixed in an iron-rich solution, commonly known as electrolyte. Hybrid batteries have an average lifespan of five to six years.
The Global Hybrid EV Battery market was valued at USD 6,358.80 Million in 2018 and is expected to reach USD 23,932.42 million in 2025 with a compound annual growth rate (CAGR) of 21.93% during the forecast period. In 2018, the market was led by Asia-pacific, with a 38.95% share, followed by Europe and North America with shares of 28.53% and 25.62%, respectively.
The Hybrid EV Battery market has been segmented based on type, application and region. On the basis of type, the lithium-ion units segment dominated the market with a share of 68.56%, valued at for USD 4,359.34 million in 2018; it is projected to grow at a CAGR of 20.62% during the forecast period. On the basis of application, the Hybrid EV segment dominated the market with a share of 70.26%, valued at USD 4,467.42 million in 2018; it is projected to grow at a CAGR of 19.95% during the forecast period.
The Hybrid EV Battery Market market is projected to grow at a CAGR of 18.9% from 2016 to 2025.
Historical performance and future projections (2020–2030, USD Billion)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Size (USD Mn)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansThe global hybrid EV battery market is projected to grow at a high rate during the forecast period. The high fuel costs, environmental concerns and increase In demand for plug-in hybrid EVs. In line with this, alternate vehicles including hybrid and plug in hybrid vehicles are introduced to the automotive industry as a part of corrective measures for improving environment pollution. Moreover, increasing adoption of hybrid vehicles in developing countries would present an opportunity for the global hybrid EV battery market.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSubscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSubscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2016 – 2018
Forecast Period
2018 – 2025
Primary Interviews
150+
Historical data (2016–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket estimates by geography (2025)
InsightAsia Pacific leads with $9.77B by 2025, while North America is projected to grow fastest at a 20.8% CAGR.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription Plans| REGION | 2016 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $83.13M | $123.01M | $217.79M | 11.3% | 1% |
| North America | $1.25B | $2.78B | $6.84B | 20.8% | 29% |
| Asia Pacific | $1.93B | $4.12B | $9.77B | 19.7% | 41% |
| Europe | $1.47B | $2.84B | $6.22B | 17.4% | 26% |
| South America | $305.27M | $478.75M | $887.99M | 12.6% | 4% |
| Total | $5.03B | $10.34B | $23.93B | 18.9% | 100% |
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansTotal Market Size
$23.93B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Hybrid EV | $15.08B | 18.9% | 60% |
| Plug-in Hybrid EV | $8.85B | 18.9% | 88% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSee plans for professionals or small and medium businesses.

Analytical insights on Hybrid EV Battery Market covering market dynamics, competitive landscape, and strategic outlook.
The Hybrid EV Battery Market market is projected to reach $23.93B by 2025, growing at 18.9% CAGR. The Hybrid EV segment holds the largest share.
The hybrid EV battery are expected to witness high growth over the forecast period. The growth of hybrid EV battery market is driven by the high fuel costs and environmental concerns and the increase in demand for plug-in hybrid EVs. However, volatile raw material prices hinder the growth of the market. The recycling of hybrid EV batteries creates an opportunity for the market players.
The growth in demand and consumption of hybrid EV batteries is highly influenced by the increasing fuel costs and the environmental concerns among governments and consumers, which results in strict government standards primarily in the developed countries, such as the US, Germany, Norway, the Netherlands, and Japan as well as in the developing countries such as China and India. Governments have been encouraging the users to minimize the fuel consumption while promoting environmental awareness programs to reduce vehicle pollution. For instance, in May 2019, the US Department of Energy imposed a federal tax credit of USD 2,500 to USD 7,500 to the consumers for all the domestic purchase of plug-in hybrid EVs with the objective to reduce the vehicular pollution. This has widely led to the demand for hybrid EVs in the US and has further raised the production and consumption of hybrid EV batteries in the market.
Therefore, growing fuel prices in the global market leads to the increased demand for hybrid EVs and the consumption of hybrid EV batteries in the market during the forecast period. Thus, the impact of the high fuel costs and environmental concerns is expected to shift from moderate to high over the forecast period.
The primary raw materials used to manufacture hybrid EV batteries are lithium, cobalt, and nickel. Such materials are scarce owing to the need for high-level extraction. According to the Linklaters LLC, it is estimated that there is need for investments worth USD 30-45 billion for global mining capacity of raw materials by 2025 to meet the demand for EVs and their batteries.
There has been an extensive adoption of lithium-ion batteries in the HEVs and wide availability of post-consumer batteries in the global market. Such availability of batteries and the focus on further development have so far restricted the battery-recycling infrastructure. Thus, the incorporation of government policies and guidelines for the collection, storage, transportation, and recycle of waste or used batteries from the HEVs are expected to create opportunities for providers as the battery recycling activity is still a less tapped area of business. Moreover, the limited lifespan of batteries in HEVs are increasing the volume of used batteries in the ecosystem of EVs. In the European Union (EU), the US, and China have been already investing in regulatory developments to drive recycling activities in order to minimize the dependence on the import of hybrid EV batteries in the domestic market. For instance, in the US, the state-level government facilitated the reuse of HEV batteries as the states regulate the disposal and recycling of batteries for responsible waste management by battery manufacturers. It is expected that the rise in hybrid EV battery recycling activities will enhance the profit margins for the hybrid EV battery manufacturers and increase its availability in the global market at lower costs, which is further expected to reduce the overall hybrid EV cost. Such factors are expected to propel the demand for HEVs and its batteries in the market during the forecast period.
Therefore, hybrid EV battery recycling is expected to create opportunities for the global hybrid EV battery market players during the forecast period.
Monitoring the prices of raw materials is difficult as they fluctuate with irregularity and without any discernible pattern. Both, raw material and manufacturing costs involved in hybrid EV battery manufacturing are important aspects for manufacturers. The companies cannot gauge the risk of fluctuation in raw material costs which is based on the economic conditions, material availability, and the supply chain of the material. The prices of lithium, nickel, and cobalt, which are crucial raw materials used to manufacture hybrid EV batteries, often fluctuate due to market conditions, international commodity prices, and other factors. Thus, the availability of raw materials at suiting prices depends on the market demand and the government regulations.
The below figure depicts the prices of lithium between 2015 and 2019, which is predominantly used in the hybrid EV batteries.
The cost of a raw materials plays a key role in the pricing of the batteries, which further has an effect on the vehicle prices. Therefore, such variations in raw material prices are expected to restrain the demand of hybrid EV batteries during the forecast period. However, the automotive OEMs have been signing long-term agreement in terms of joint ventures and partnerships with the battery manufacturers to reduce the risk of the volatility of the raw material. Thus, the impact of volatile raw material prices in the hybrid EV battery market is expected to shift from high to moderate over the forecast period.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 109 companies operating in the Hybrid EV Battery Market market, including revenue, employee count, and market positioning where available.
Showing 109 of 109 companies
Nissan Motor Corporation
Company Headquarters: Kanagawa Prefecture, Japan Founded: 1933 Workforce: ~ 139,000 Company Working: Nissan Motor Corporation is a global automobile player that manufactures and distributes diversified vehicles, globally. Itis one of the leading OEMs in Asia-Pacific and produced nearly 5.7 million units in 2017. It manufactures, sells, and distributes IC vehicles, hybrids, and electric vehicles in the global market. It invested USD 4,446.24 million in the research & development of vehicles and technologies, which accounts for 4.1% of a total revenue in 2017. The company manages and offers services in more than 160 countries and manufactures vehicles in around 20 countries, across the globe. It has formed partnerships, such as Nissan-Renault and Renault-Nissan-Mitsubishi and other strategic alliances. Moreover, the company owns six brands, namely Nissan, Infiniti, Datsun, Heritage, Motorsports, Jatco, Autech, and NISSAN CROSSING.
BYD Co. Ltd
Company Headquarters: Shenzhen, China Founded: 1995 Workforce: ~ 221,000 Company Working: BYD Co. Ltd. Is engaged in the research, development, manufacture, and sale of rechargeable batteries and photovoltaic business. It operates its business through four segments, namely, rechargeable battery and other products, automobiles and related products, mobile handset components and assembly service, and corporate and others. The rechargeable battery and other products segment manufactures and sells lithium-ion and nickel batteries for mobile phones, electric tools, and other portable electronic instruments and new energy products. The mobile handset components and assembly service segment covers mobile handset components, such as housings, keypads, and the provision of assembly services. The automobiles and related products segment is comprised of the businesses of automobiles, auto-related molds and components, automobiles leasing, aftersales services, and its skyrail-related business.
GS Yuasa International Ltd
Company Headquarters: Kyoto, Japan Founded: 2004 Workforce: ~14,217 Company Working: GS Yuasa International Ltd. is a holding company, which is engaged in manufacturing and supplying power supply systems, batteries, various specialty electrical equipment, and lighting equipment. Domestic automotive batteries, automotive lithium-ion batteries, overseas operations, domestic industrial batteries and power supplies, and other are its business segments. The domestic automotive batteries segment produces and sells lead-acid batteries for automotive. The domestic industrial batteries and power supplies segment covers rectifiers, lead, alkali, and general batteries, and power supply systems. The overseas operations segment manufactures and markets batteries and power supply devices in the international market. The automotive lithium-ion batteries segment handles lithium-ion batteries for vehicles. The other segment includes environment-related equipment, mobile communication batteries, battery-related equipment, and battery manufacturing equipment. GS Yuasa International Ltd. has 39 manufacturing plants in 19 countries worldwide. Yuasa Battery, Inc., Siam GS Battery Co., Ltd., Lithium Energy Japan Corporation, Century Yuasa Batteries Pty Ltd, GS Kasei Kogyo Co., Ltd., and Yuasa Logitec Co., Ltd. are some of the subsidiaries of the company.
SAFT
Company Headquarters: France Founded: 1918 Workforce: 4,300 Company Working: Saft designs, manufacturers, and sells non-rechargeable and rechargeable batteries, across the globe. It operates through four business segments namely industrial standby, transportation, telecom and grid, civil electronics, and space and defense. The industrial standby segment offers batteries used for automotive and stationary backup power in industrial infrastructures. The transportation, telecom and grid segment offer batteries used for backup power in telecommunication networks, and backup and traction power for aviation and rail applications. It offers its products to aerospace and defense, buildings & industries, medical, telecom, oil & gas, transportation, and utilities. The company has 14 manufacturing facilities and 3000 customers in 18 countries, including France, the UK, Germany, Spain, the US, China, Australia, Poland, and Singapore. Saft India Private Limited, TOTAL S.A., Saft Federal Systems, Inc. Saft Batterien GmbH, Saft Batterias SL, Saft Batteries Pte Limited, Tadiran Batteries Ltd., and Saft Batterias SL are some of its subsidiaries.
Samsung Sdi Co. Ltd
Company Headquarters: Gyeong-gi Do, South Korea Founded: 1970 Workforce: ~10,000 Company Working: Samsung Sdi Co. Ltd is an materials and energy solution company that operates as a subsidiary of Samsung. It offers a wide range of products and services, which includes power devices, batteries, energy stirage systems, laptops, tablets, wearable devices, and trans devices. The company operates through two business segments, which are energy solutions and electronic material. The company offers grid scale battery under its energy solutions segment. Samsung Sdi Co. Ltd has a vast geographical presence in countries such as the US, Germany, Austria, Hungry, India, vietnam, China, Korea, Japan, and Malaysia. Samsung SDI Japan Co., Ltd. (Japan), Samsung SDI America, Inc. (US), Samsung SDI Europe GmbH (Germany), Samsung SDI Wuxi Co., Ltd. (US), Samsung SDI Brazil Ltda. (Brazil), and Samsung SDI Vietnam Co., Ltd. (Vietnam) are some of the subsidiaries of the company.
LG Chem
Company Headquarters: Seoul, South Korea Founded: 1947 Workforce: ~18,000 Company Working: LG Chem is a multinational chemical company that manufactures and sells chemical materials and other related solutions, such as resins, carbon products, industrial batteries, process materials, and capacitors. It is a key subsidiary of LG Corporation, a South Korean multinational conglomerate. The company operates through five business segments, which are basic materials & chemicals, energy solutions, IT & electronics materials, advanced materials, and life sciences. Energy storage systems and devices are offered under its energy solutions segment. Additionally, LG Chem has 21 subsidiaries including LG Chem Power, Inc., LG Chemical America, Inc., LG Corporation Chem (Guangzhou), Information & Electronic Materials Co., Ltd, LG India Holdings Inc., LG Chem Wroclaw Energy sp. z o.o., and LG Chem Europe Gmbh. It has 21 manufacturing sites, five representative offices, and four research and development centers across 16 countries, worldwide. The company’s key manufacturing plants are located in China, Taiwan, the US, South Korea, Poland, India, and Vietnam.
Powering the world's best teams.
From next-gen startups to established enterprises.
Trusted by forward-thinking businesses
for data-driven intelligence
Hybrid EV Battery Market