Structural Battery Market by Battery Capacity (Up To 50 Kwh, 50-100 Kwh, Above 100 Kwh), Architecture, Battery Form (Prismatic, Pouch, Cylindrical) Vehicle Type, Battery Type, Method (Laser, Wire Bonding) and Region - Global Forecast to 2027
Structural battery packs are multifunctional materials that serve both for energy storage and structure. Structural batteries offer “massless energy storage” because their effective weight is lower than the total weight of the cells. Also, they help save weight and are useful in transport applications such as electric vehicles and drones because of their potential to improve system efficiencies. Such batteries are hybrid and multifunctional composite materials that carry a load and store electrical energy like lithium-ion batteries.
The global structural battery market will likely grow from USD 92.2 million in 2022 to USD 189.8 million by 2027. Structural batteries provide more power without adding extra weight, thus improving the efficiency of electric vehicles.
Drivers: Increasing adoption of electric vehicles and increasing new battery manufacturing facilities to drive the market
The structural battery market is growing due to the increasing adoption of electric vehicles and increasing investments by component manufacturers to set up new battery manufacturing and developing facilities. The government aims to reduce carbon dioxide emissions by providing subsidies and incentives that aid in the electric vehicle market growth. In July 2022, Tesla announced producing long-range structural batteries for its vehicles in US. These factors are the driving forces for the structural battery market growth. Also, factors driving the development of the structural battery market are shifting focus toward vehicle light-weighting and the increasing importance of thermal management and impact resistance of battery packs.
Restraints: Difficult cleaning process of the structural batteries
For better operational conditions of the structural batteries, cleaned battery surfaces are required by removing contaminants such as dusts, oxides, oils, battery electrolytes, and coatings. This improves the chemical properties of the battery. For a structural battery, the cleaning step represents a challenge because the total surface area that needs to be cleaned and bonded is extremely high compared to traditional batteries. This means that there is even less room for errors or inconsistencies in the cleaning and bonding processes, or else batteries will fail.
Challenges: Supply chain and geopolitical challenges in the structural battery market
Most of the battery manufacturers are in China and South Korea. The manufacturers continue to face supply chain constraints such as inflated air freight costs, the ongoing shortage of cargo ships, clogged seaports, shutdowns due to the pandemic, and so on. According to Hindustan Times in May-2022, the war in Ukraine will have economic consequences on Asian economies as Russian energy is the driver of the economic growth in the region. Chinese, South Korean, and other Asian suppliers control most natural resources and raw materials like nickel and cobalt for EV batteries.
Key players in the market:
Tesla (US), General Motors (US), BYD (China), LG Chem (South Korea), and CATL (China) are a few players in the Structural battery market
Recent Developments:
- In October-2022, researchers from Chalmers University of Technology announced to produce a structural battery that performs ten times better than all previous versions. It contains carbon fibre simultaneously as an electrode, conductor, and load-bearing material.
- In August-2022, Tesla announced to launch of a new Model Y variant with a BYD structural battery pack. It will be at the Giga Berlin facility in Germany.
- In October-2021, Tesla unveiled a new structural battery pack with 4680 cells during a Gigafactory Berlin tour
TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 YEARS CONSIDERED FOR STUDY
1.5 CURRENCY
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 List of participating companies for primary research
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interview
2.2 MARKET ESTIMATION METHODOLOGY
2.3 MARKET SIZE ESTIMATION
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 ASSUMPTIONS & ASSOCIATED RISKS
2.7 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
5.3 PORTER’S FIVE FORCES MODEL ANALYSIS
5.4 CASE STUDY ANALYSIS
5.5 PATENT ANALYSIS
5.6 VALUE CHAIN ANLYSIS
5.7 ECOSYSTEM ANALYSIS
5.8 TRADE ANALYSIS
5.9 AVERAGE SELLING PRICE
5.10 TECHNOLOGY ANALYSIS
5.11 REGULATORY OVERVIEW
5.12 DETAILED LIST OF CONFERENCES & EVENTS FOR THE STRUCTURAL BATTERY MARKET
5.13 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14 SCENARIO ANALYSIS
5.14.1 MOST LIKELY SCENARIO
5.14.2 OPTIMISTIC SCENARIO
5.14.3 PESSIMISTIC SCENARIO
6 STRUCTURAL BATTERY MARKET, BY BATTERY CAPACITY
6.1 INTRODUCTION
6.1.1 OPERATIONAL DATA
6.1.2 ASSUMPTIONS
6.1.3 RESEARCH METHODOLOGY
6.2 UP TO 50 KWH
6.3 50-100 KWH
6.4 ABOVE 100 KWH
6.5 KEY INDUSTRY INSIGHTS
7 STRUCTURAL BATTERY MARKET, BY ARCHITECTURE
7.1 INTRODUCTION
7.1.1 OPERATIONAL DATA
7.1.2 ASSUMPTIONS
7.1.3 RESEARCH METHODOLOGY
7.2 EMBEDDED BATTERIES
7.3 LAMINATED STRUCTURAL ELECTRODES
7.4 KEY INDUSTRY INSIGHTS
8 STRUCTURAL BATTERY MARKET, BY BATTERY FORM
8.1 INTRODUCTION
8.1.1 OPERATIONAL DATA
8.1.2 ASSUMPTIONS
8.1.3 RESEARCH METHODOLOGY
8.2 PRISMATIC
8.3 POUCH
8.4 CYLINDRICAL
8.5 KEY INDUSTRY INSIGHTS
9 STRUCTURAL BATTERY MARKET, BY VEHICLE TYPE
9.1 INTRODUCTION
9.1.1 OPERATIONAL DATA
9.1.2 ASSUMPTIONS
9.1.3 RESEARCH METHODOLOGY
9.2 PASSENGER CAR
9.3 COMMERCIAL VEHICLE
9.4 KEY INDUSTRY INSIGHTS
10 STRUCTURAL BATTERY MARKET, BY BATTERY TYPE
10.1 INTRODUCTION
10.1.1 OPERATIONAL DATA
10.1.2 ASSUMPTIONS
10.1.3 RESEARCH METHODOLOGY
10.3 SOLID STATE
10.4 KEY INDUSTRY INSIGHTS
11 STRUCTURAL BATTERY MARKET, BY METHOD
11.1 INTRODUCTION
11.1.1 OPERATIONAL DATA
11.1.2 ASSUMPTIONS
11.1.3 RESEARCH METHODOLOGY
11.2 LASER
11.3 WIRE BONDING
11.4 KEY INDUSTRY INSIGHTS
12 STRUCTURAL BATTERY MARKET, BY REGION
12.1 INTRODUCTION
12.2 ASIA PACIFIC
12.2.1 CHINA
12.2.2 JAPAN
12.2.3 INDIA
12.2.4 SOUTH KOREA
12.3 EUROPE
12.3.1 FRANCE
12.3.2 GERMANY
12.3.3 SPAIN
12.3.4 UK
12.3.5 ITALY
12.4 NORTH AMERICA
12.4.1 US
12.4.2 CANADA
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 MARKET EVALUATION FRAMEWORK
13.3 MARKET SHARE/RANKING ANALYSIS
13.4 TOP 5 PLAYERS REVENUE ANALYSIS
13.5 COMPETITIVE SCENARIO
13.5.1 NEW PRODUCT DEVELOPMENTS
13.5.2 DEALS
13.5.3 OTHERS
13.6 COMPETITIVE LEADERSHIP MAPPING
13.6.1 STARS
13.6.2 EMERGING LEADERS
13.6.3 PERVASISVE
13.6.4 PARTICIPANTS
13.7 START-UP/SME EVALUATION QUADRANT
13.7.1 PROGRESSIVE COMPANIES
13.7.2 RESPOSIVE COMPANIES
13.7.3 DYNAMIC COMPANIES
13.7.4 STARTING BLOCKS
13.8 WINNERS VS. TAIL-ENDERS
14 COMPANY PROFILES
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
14.1 KEY PLAYERS
14.1.1 BYD
14.1.2 CATL
14.1.3 TESLA
14.1.4 GENERAL MOTORS
14.1.5 LG CHEM
14.1.6 ALKALINE BATTERY
14.1.7 SAMSUNG SDI
14.1.8 GOLDEN POWER GROUP
14.1.9 A 123 SYSTEMS
14.1.10 PANASONIC
14.2 OTHER PLAYERS
14.2.1 EXIDE INDUSTRIES
14.2.2 AMARA RAJA BATTERIES
14.2.3 FUTURE HI-TECH BATTERIES
14.2.4 EAST PENN MANUFACTURING COMPANY
15 RECOMMENDATIONS BY MARKETSANDMARKETS
16 APPENDIX
16.1 KEY INSIGHTS OF INDUSTRY EXPERTS
16.2 CURRENCY
16.3 DISCUSSION GUIDE
16.4 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
16.5 AVAILABLE CUSTOMIZATIONS
16.6 RELATED REPORTS
16.7 AUTHOR DETAILS
Growth opportunities and latent adjacency in Structural Battery Market