Battery Module Market Expected to Reach $47 Billion by 2020

Battery-electric solution will be the recipient of the majority of the production investment during the forecast period.

Published: 27-Jan-2012

The battery module market for hybrid and electric vehicles is expected to grow from about $5bn in 2010 to $47bn in 2020, representing a compounded annual growth rate of (CAGR) of 25% over 10 years, according to ABI research.

The report said continued demand for cleaner, more efficient vehicles, led by governments dealing with goals to cut emissions, means that financial incentives will be around for a long time.

Urban areas are being targeted as prime regions for electric vehicle adoption, as the recharging infrastructure is also developing rapidly in these areas.


Saab prototype electric car powered by Boston-Power lithium battery technology.

Lithium battery maker Boston-Power customers include HP, Saab, Asus and NASA

Courb C-ZEN electric car concept.

The C-ZEN has a range of up to 205 kilometers (125 miles) with a top speed of 110 km/hour (68 mph).

Bollore B0 electric car selected for Paris Autolib car share program

BatHium Canada's Montreal plant to expand production capacity to 15,000 electric car battery packs annually.


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