Proplusion battery market is set to grow exponentially

Electric Vehicle Traction Batteries 2012-2022 Grows

The application for batteries in all sorts of vehicles has grown exponentially since its use with modern cars. The new Electric Vehicle Traction Batteries 2012-2022 report forecasts an even greater use of propulsion batteries for all vehicle sectors.

Batteries are an everyday part of life for cars, from your good old lead acid battery, to now available lithium batteries for regular gasoline cars. The Electric Vehicle Traction Batteries 2012-2022 report shows almost every sector will benefit from some sort of electric vehicle application.

From the heavy industrial vehicle market, to light industrial and commercial cars, vehicles for the disabled, two and three wheels, pure electric cars, hybrid cars, plug-in hybrid cars, golf cars, military, marine and the many other sectors show more and more trend toward batteries for the propulsion of electric vehicles. The report shows a glimpse of the future ten years form now, with unit sales, prices and total market value forecast between 2012-2022 for all sectors. An intriguing ten-year technology trends are hinted at also with a winning and losing technologies and companies prognostic.

The Numbers. The growing market for traction batteries should exceed $55 billion in only ten years, making it a hot market to develop. This includes high performance batteries of up to $500,000 for military, marine and solar aircraft use. Interestingly enough, a growing number of low cost batteries are happily used for e-bikes even though several new technologies will appear and should disrupt the scenery. While it’s not easy deciphering expert calls and prognostics, this trend shows it will only grown and become an every day reality in the world of automobiles.

Can you guess which is the largest replacement market for batteries? It’s for e-bikes which completely dominates that of electric cars and plug-in hybrids. Another important point covered is that electric and plug-in hybrid vehicle makers use new battery technology first in forklifts and e-bikes before introducing them to series cars. The market might even see within the next 10 years an oversupply of batteries at some stage. Sounds familiar? Just look at solar panels.

Can you guess which is the second largest volume of electric vehicles made in 2010 was? It’s the so-called mobility aids for the disabled. The picture changes in ten years when it will be replaced with hybrid cars. All of this gives the market for car traction batteries to become larger than others. The consequences mean that there will be room for only 6 or so winners in car batteries.

Predictions are difficult to arrive at, especially in a market that stubbornly refuses to follow the trends that made previous ones easier to spot. One thing is for sure, battery technology for propulsion will grow and shows no signs of slowing down.

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