About Structural Battery Technology
Structural batteries are materials that can withstand mechanical forces while storing electrical energy. Carbon fibre composites and lithium ion batteries are used to achieve this. Structural battery composites are a type of structural power composite, which is a novel class of multifunctional composites. Structural capacitors, supercapacitors, and batteries are forms of structural composites that have an inherent potential to store electrical energy. The structural battery's mechanical behaviour and electrical energy storage are identical to those of a standard carbon fibre composite and a standard lithium ion battery. Structural batteries, also known as massless energy storage, aim to minimise the weight of battery-powered cars or other items by embedding batteries into the object's construction. Due to which, the demand for separate batteries has decreased.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Structural Battery Technology market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
University of Michigan (United States), The Case Western Reserve University (United States), Cape Bouvard Technologies (Australia), Chalmers University of Technology (Sweden), BAE Systems (United Kingdom), Imperial University in London (United Kingdom) and Massachusetts Institute of Technology (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Structural Battery Technology market by Type (Nickle-based Technology and Lithium-based Technology), Application (Industrial, Residential, Military, Commercial, Medical and Others) and Region.
On the basis of geography, the market of Structural Battery Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Embedded batteries. will boost the Structural Battery Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Investment in Battery Technology
Market Growth Drivers:
Surge in Demand for Electric Vehicles Globally and Increasing Application Across Different Industry Verticals
Challenges:
Raw Material Price Fluctuation
Restraints:
High Initial Investment and Technological Limitations
Opportunities:
Increasing Electronics Infrastructure Across Emerging Regions
Market Leaders and their expansionary development strategies
In May 2023, WAE Technologies launched new structural battery pack for low-volume EV production. Cutting-edge structural battery pack system features a host of advances which combine to improve electric vehicle structural stiffness, lower weight and improve overall range, at low production volumes.
In May, 2021 - Researchers from Chalmers University of Technology in Sweden Developed Lightweight Structural Battery Using Carbon Fibre Jointly with KTH Royal Institute of Technology for use in Aircraft, Vehicle and Building Design. The Batteries Significantly Reduce the Weight of Battery-Powered Vehicles.
Key Target Audience
Structural Battery Technology Developers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.