This comprehensive report provides a detailed analysis of the global hybrid electric vehicle (HEV) battery market, forecasting industry trajectories from 2025 through 2032. The study examines key segments including lithium and Ni-MH battery types across passenger and commercial vehicle applications. By evaluating regional dynamics in the Americas, APAC, and Europe, the research highlights emerging opportunities and competitive strategies of leading players like Panasonic and CATL. Additionally, it explores market drivers, technological advancements, and the evolving competitive landscape shaping the global HEV battery sector.

Market Overview

Global Market

The global Battery for HEVs market is projected to experience significant growth from 2025 through 2032, expanding at a steady compound annual growth rate.

Regional Market Outlooks

• United States: The market for Battery for HEVs in the United States is estimated to increase from 2025 through 2032, maintaining a consistent compound annual growth rate.
• China: The market for Battery for HEVs in China is estimated to increase from 2025 through 2032, maintaining a consistent compound annual growth rate.
• Europe: The market for Battery for HEVs in Europe is estimated to increase from 2025 through 2032, maintaining a consistent compound annual growth rate.

Report Scope and Methodology

Research Overview

LP Information, Inc. (LPI)'s newest research report, the “Battery for HEVs Industry Forecast,” examines past sales and reviews total world Battery for HEVs sales in 2025. The report provides a comprehensive analysis by region and market sector of projected Battery for HEVs sales for the period of 2026 through 2032. With Battery for HEVs sales broken down by region, market sector, and sub-sector, this report provides a detailed analysis in US$ millions of the world Battery for HEVs industry.

Strategic Insights

This Insight Report provides a comprehensive analysis of the global Battery for HEVs landscape and highlights key trends related to:

• Product segmentation
• Company formation
• Revenue and market share
• Latest developments
• M&A activity

Additionally, the report analyzes the strategies of leading global companies with a focus on Battery for HEVs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Battery for HEVs market.

Market Dynamics and Forecasting

The report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Battery for HEVs and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. Utilizing a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Battery for HEVs market.

This report presents a comprehensive overview, market shares, and growth opportunities of the Battery for HEVs market by product type, application, key manufacturers, and key regions and countries.

Market Segmentation

By Type

• Lithium Battery
• Ni-MH Battery
• Other

By Application

• Passenger Vehicle
• Commercial Vehicle

By Region

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

Competitive Landscape

Key Players and Market Share

Global key Battery for HEVs players include CORUN PEVE AUTOMOTIE BATTERY CO.,LTD, Sunwoda, Primearth EV Energy Co., Ltd., GS Yuasa (Blue Energy), and Panasonic. In terms of revenue, the global two largest companies occupied a significant portion of the market share in 2025.

The following companies have been profiled based on inputs gathered from primary experts and an analysis of the company's coverage, product portfolio, and market penetration:

• CORUN PEVE AUTOMOTIE BATTERY CO.,LTD
• Sunwoda
• Primearth EV Energy Co., Ltd.
• GS Yuasa (Blue Energy)
• Panasonic
• Toshiba
• CATL
• BYD
• LG
• Samsung SDI
• Vehicle Energy Japan Inc
• SK Innovation

Key Questions Addressed

• What is the 10-year outlook for the global Battery for HEVs market?
• What factors are driving Battery for HEVs market growth, globally and by region?
• Which technologies are poised for the fastest growth by market and region?
• How do Battery for HEVs market opportunities vary by end market size?
• How does Battery for HEVs break out by Type, by Application?

• 1 Scope of the Report

  • 1.1 Market Introduction

  • 1.2 Years Considered

  • 1.3 Research Objectives

  • 1.4 Market Research Methodology

  • 1.5 Research Process and Data Source

  • 1.6 Economic Indicators

  • 1.7 Currency Considered

  • 1.8 Market Estimation Caveats

• 2 Executive Summary

  • 2.1 World Market Overview

    • 2.1.1 Global Battery for HEVs Annual Sales 2021-2032

    • 2.1.2 World Current & Future Analysis for Battery for HEVs by Geographic Region, 2021, 2025 & 2032

    • 2.1.3 World Current & Future Analysis for Battery for HEVs by Country/Region, 2021, 2025 & 2032

  • 2.2 Battery for HEVs Segment by Type

    • 2.2.1 Lithium Battery

    • 2.2.2 Ni-MH Battery

    • 2.2.3 Other

    • 2.2.4 Battery for HEVs Sales by Type

      • 2.2.4.1 Global Battery for HEVs Sales Market Share by Type (2021-2026)
      • 2.2.4.2 Global Battery for HEVs Revenue and Market Share by Type (2021-2026)
      • 2.2.4.3 Global Battery for HEVs Sale Price by Type (2021-2026)

  • 2.3 Battery for HEVs Segment by Application

    • 2.3.1 Passenger Vehicle

    • 2.3.2 Commercial Vehicle

    • 2.3.3 Battery for HEVs Sales by Application

      • 2.3.3.1 Global Battery for HEVs Sale Market Share by Application (2021-2026)
      • 2.3.3.2 Global Battery for HEVs Revenue and Market Share by Application (2021-2026)
      • 2.3.3.3 Global Battery for HEVs Sale Price by Application (2021-2026)

• 3 Global by Company

  • 3.1 Global Battery for HEVs Breakdown Data by Company

    • 3.1.1 Global Battery for HEVs Annual Sales by Company (2021-2026)

    • 3.1.2 Global Battery for HEVs Sales Market Share by Company (2021-2026)

  • 3.2 Global Battery for HEVs Annual Revenue by Company (2021-2026)

    • 3.2.1 Global Battery for HEVs Revenue by Company (2021-2026)

    • 3.2.2 Global Battery for HEVs Revenue Market Share by Company (2021-2026)

  • 3.3 Global Battery for HEVs Sale Price by Company

  • 3.4 Key Manufacturers Battery for HEVs Producing Area Distribution, Sales Area, Product Type

    • 3.4.1 Key Manufacturers Battery for HEVs Product Location Distribution

    • 3.4.2 Players Battery for HEVs Products Offered

  • 3.5 Market Concentration Rate Analysis

    • 3.5.1 Competition Landscape Analysis

    • 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2024-2026)

  • 3.6 New Products and Potential Entrants

  • 3.7 Market M&A Activity & Strategy

• 4 World Historic Review for Battery for HEVs by Geographic Region

  • 4.1 World Historic Battery for HEVs Market Size by Geographic Region (2021-2026)

    • 4.1.1 Global Battery for HEVs Annual Sales by Geographic Region (2021-2026)

    • 4.1.2 Global Battery for HEVs Annual Revenue by Geographic Region (2021-2026)

  • 4.2 World Historic Battery for HEVs Market Size by Country/Region (2021-2026)

    • 4.2.1 Global Battery for HEVs Annual Sales by Country/Region (2021-2026)

    • 4.2.2 Global Battery for HEVs Annual Revenue by Country/Region (2021-2026)

  • 4.3 Americas Battery for HEVs Sales Growth

  • 4.4 APAC Battery for HEVs Sales Growth

  • 4.5 Europe Battery for HEVs Sales Growth

  • 4.6 Middle East & Africa Battery for HEVs Sales Growth

• 5 Americas

  • 5.1 Americas Battery for HEVs Sales by Country

    • 5.1.1 Americas Battery for HEVs Sales by Country (2021-2026)

    • 5.1.2 Americas Battery for HEVs Revenue by Country (2021-2026)

  • 5.2 Americas Battery for HEVs Sales by Type (2021-2026)

  • 5.3 Americas Battery for HEVs Sales by Application (2021-2026)

  • 5.4 United States

  • 5.5 Canada

  • 5.6 Mexico

  • 5.7 Brazil

• 6 APAC

  • 6.1 APAC Battery for HEVs Sales by Region

    • 6.1.1 APAC Battery for HEVs Sales by Region (2021-2026)

    • 6.1.2 APAC Battery for HEVs Revenue by Region (2021-2026)

  • 6.2 APAC Battery for HEVs Sales by Type (2021-2026)

  • 6.3 APAC Battery for HEVs Sales by Application (2021-2026)

  • 6.4 China

  • 6.5 Japan

  • 6.6 South Korea

  • 6.7 Southeast Asia

  • 6.8 India

  • 6.9 Australia

  • 6.10 China Taiwan

• 7 Europe

  • 7.1 Europe Battery for HEVs by Country

    • 7.1.1 Europe Battery for HEVs Sales by Country (2021-2026)

    • 7.1.2 Europe Battery for HEVs Revenue by Country (2021-2026)

  • 7.2 Europe Battery for HEVs Sales by Type (2021-2026)

  • 7.3 Europe Battery for HEVs Sales by Application (2021-2026)

  • 7.4 Germany

  • 7.5 France

  • 7.6 UK

  • 7.7 Italy

  • 7.8 Russia

• 8 Middle East & Africa

  • 8.1 Middle East & Africa Battery for HEVs by Country

    • 8.1.1 Middle East & Africa Battery for HEVs Sales by Country (2021-2026)

    • 8.1.2 Middle East & Africa Battery for HEVs Revenue by Country (2021-2026)

  • 8.2 Middle East & Africa Battery for HEVs Sales by Type (2021-2026)

  • 8.3 Middle East & Africa Battery for HEVs Sales by Application (2021-2026)

  • 8.4 Egypt

  • 8.5 South Africa

  • 8.6 Israel

  • 8.7 Turkey

  • 8.8 GCC Countries

• 9 Market Drivers, Challenges and Trends

  • 9.1 Market Drivers & Growth Opportunities

  • 9.2 Market Challenges & Risks

  • 9.3 Industry Trends

• 10 Manufacturing Cost Structure Analysis

  • 10.1 Raw Material and Suppliers

  • 10.2 Manufacturing Cost Structure Analysis of Battery for HEVs

  • 10.3 Manufacturing Process Analysis of Battery for HEVs

  • 10.4 Industry Chain Structure of Battery for HEVs

• 11 Marketing, Distributors and Customer

  • 11.1 Sales Channel

    • 11.1.1 Direct Channels

    • 11.1.2 Indirect Channels

  • 11.2 Battery for HEVs Distributors

  • 11.3 Battery for HEVs Customer

• 12 World Forecast Review for Battery for HEVs by Geographic Region

  • 12.1 Global Battery for HEVs Market Size Forecast by Region

    • 12.1.1 Global Battery for HEVs Forecast by Region (2027-2032)

    • 12.1.2 Global Battery for HEVs Annual Revenue Forecast by Region (2027-2032)

  • 12.2 Americas Forecast by Country (2027-2032)

  • 12.3 APAC Forecast by Region (2027-2032)

  • 12.4 Europe Forecast by Country (2027-2032)

  • 12.5 Middle East & Africa Forecast by Country (2027-2032)

  • 12.6 Global Battery for HEVs Forecast by Type (2027-2032)

  • 12.7 Global Battery for HEVs Forecast by Application (2027-2032)

• 13 Key Players Analysis

  • 13.1 CORUN PEVE AUTOMOTIE BATTERY CO.,LTD

    • 13.1.1 CORUN PEVE AUTOMOTIE BATTERY CO.,LTD Company Information

    • 13.1.2 CORUN PEVE AUTOMOTIE BATTERY CO.,LTD Battery for HEVs Product Portfolios and Specifications

    • 13.1.3 CORUN PEVE AUTOMOTIE BATTERY CO.,LTD Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.1.4 CORUN PEVE AUTOMOTIE BATTERY CO.,LTD Main Business Overview

    • 13.1.5 CORUN PEVE AUTOMOTIE BATTERY CO.,LTD Latest Developments

  • 13.2 Sunwoda

    • 13.2.1 Sunwoda Company Information

    • 13.2.2 Sunwoda Battery for HEVs Product Portfolios and Specifications

    • 13.2.3 Sunwoda Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.2.4 Sunwoda Main Business Overview

    • 13.2.5 Sunwoda Latest Developments

  • 13.3 Primearth EV Energy Co., Ltd.

    • 13.3.1 Primearth EV Energy Co., Ltd. Company Information

    • 13.3.2 Primearth EV Energy Co., Ltd. Battery for HEVs Product Portfolios and Specifications

    • 13.3.3 Primearth EV Energy Co., Ltd. Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.3.4 Primearth EV Energy Co., Ltd. Main Business Overview

    • 13.3.5 Primearth EV Energy Co., Ltd. Latest Developments

  • 13.4 GS Yuasa (Blue Energy)

    • 13.4.1 GS Yuasa (Blue Energy) Company Information

    • 13.4.2 GS Yuasa (Blue Energy) Battery for HEVs Product Portfolios and Specifications

    • 13.4.3 GS Yuasa (Blue Energy) Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.4.4 GS Yuasa (Blue Energy) Main Business Overview

    • 13.4.5 GS Yuasa (Blue Energy) Latest Developments

  • 13.5 Panasonic

    • 13.5.1 Panasonic Company Information

    • 13.5.2 Panasonic Battery for HEVs Product Portfolios and Specifications

    • 13.5.3 Panasonic Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.5.4 Panasonic Main Business Overview

    • 13.5.5 Panasonic Latest Developments

  • 13.6 Toshiba

    • 13.6.1 Toshiba Company Information

    • 13.6.2 Toshiba Battery for HEVs Product Portfolios and Specifications

    • 13.6.3 Toshiba Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.6.4 Toshiba Main Business Overview

    • 13.6.5 Toshiba Latest Developments

  • 13.7 CATL

    • 13.7.1 CATL Company Information

    • 13.7.2 CATL Battery for HEVs Product Portfolios and Specifications

    • 13.7.3 CATL Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.7.4 CATL Main Business Overview

    • 13.7.5 CATL Latest Developments

  • 13.8 BYD

    • 13.8.1 BYD Company Information

    • 13.8.2 BYD Battery for HEVs Product Portfolios and Specifications

    • 13.8.3 BYD Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.8.4 BYD Main Business Overview

    • 13.8.5 BYD Latest Developments

  • 13.9 LG

    • 13.9.1 LG Company Information

    • 13.9.2 LG Battery for HEVs Product Portfolios and Specifications

    • 13.9.3 LG Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.9.4 LG Main Business Overview

    • 13.9.5 LG Latest Developments

  • 13.10 Samsung SDI

    • 13.10.1 Samsung SDI Company Information

    • 13.10.2 Samsung SDI Battery for HEVs Product Portfolios and Specifications

    • 13.10.3 Samsung SDI Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.10.4 Samsung SDI Main Business Overview

    • 13.10.5 Samsung SDI Latest Developments

  • 13.11 Vehicle Energy Japan Inc

    • 13.11.1 Vehicle Energy Japan Inc Company Information

    • 13.11.2 Vehicle Energy Japan Inc Battery for HEVs Product Portfolios and Specifications

    • 13.11.3 Vehicle Energy Japan Inc Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.11.4 Vehicle Energy Japan Inc Main Business Overview

    • 13.11.5 Vehicle Energy Japan Inc Latest Developments

  • 13.12 SK Innovation

    • 13.12.1 SK Innovation Company Information

    • 13.12.2 SK Innovation Battery for HEVs Product Portfolios and Specifications

    • 13.12.3 SK Innovation Battery for HEVs Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.12.4 SK Innovation Main Business Overview

    • 13.12.5 SK Innovation Latest Developments

• 14 Research Findings and Conclusion