A recent Traction Battery Market Research report gave some interesting projections about the electric vehicle battery market. As with any market predictions, it’s difficult to accurately pinpoint exactly what the future will hold, and therefore any forward-looking reports should be taken with a grain of salt. But the findings presented by IDTechEX offer a glimpse into the current state of the market and some expected trends over the next 10 years.
The report focused on the full range of the traction battery market. As defined by the report, traction batteries include batteries not only for EV and HEV vehicles, but also batteries for electric bicycles, golf carts, forklifts, personal mobility devices, and other transport devices.
Some of the findings include:
The rapidly growing market for traction batteries will exceed $55 billion in only ten years.
The largest replacement market is for e-bikes today.
Replacement batteries will not be dominated by cars when these batteries last the life of the cars—something likely to happen within ten years.
Vehicle manufacturers are often employing new battery technology first in their forklifts or e-bikes, not cars.
There is huge progress with car batteries as well—indeed oversupply is probable in this sector at some stage.
The second largest volume of electric vehicles being made in 2010 is mobility aids for the disabled but in ten years’ time it will be hybrid cars.
The market for car traction batteries will be larger than the others but there will only be room for six or so winners in car batteries.
Arbin Instruments is uniquely positioned to provide test systems for every facet of this rapidly growing and changing industry. Our broad range of standard products includes testing systems for every facet of the traction battery market. From research-level systems to our powerful EVTS-X line of testers, Arbin provides the highest quality test stations with unmatched versatility, all at an unbeatable price.EVTS-X2
Today, Arbin is the leading global manufacturer of battery, capacitor, and fuel cell test equipment. Currently, there are more than 3000 Arbin systems running in more than 50 countries. With sales and support staff in 17 countries, Arbin is ready to serve clients around the world.
Contact Arbin today to speak to one of our sales engineers about a test system for your application.