Structural batteries incorporate battery components such as cathodes, anodes, and electrolytes into materials and structures using 3D printing, layer-by-layer fabrication, and fiber or yarn spinning. They provide advantages such as lighter weight, greater design flexibility, and power delivery. The increasing demand for lightweight and flexible electronics is boosting the need for advanced battery technologies.
Market key trends:
Advanced batteries are being developed with self-healing capabilities that can extend battery life and performance. Such structural batteries utilizeadditives or chemistries that allow them to autonomously repair microscopic internal damage, improve conductivity across broken connections and prevent degradation. This self-healing mechanism helps maintain strong intermolecular interactions between electrode materials and prevents capacity fade. It enables the battery to re-establish continuity after being mechanically or electrochemically stressed. The development of self-healing structural batteries is expected to drive significant growth in the market as they address concerns around battery reliability and lifespan.
Key Takeaways:
The Global Structural Battery Market Demand is expected to witness high growth. The market size is projected to reach US$ 15.9 Bn by 2030, expanding at a staggering CAGR of 20% during the forecast period.
Regional analysis
Asia Pacific currently dominates the structural battery market and is expected to retain its position over the coming years. Countries like China, South Korea, and Japan are major electric vehicle producers with a strong focus on advanced batteries. Government initiatives to promote clean energy usage are also supporting regional market growth.
Key players
Key players operating in the structural battery market are Tesla, Inc. (United States), BMW AG (Germany), Airbus SE (France), Volkswagen AG (Germany), Samsung SDI Co., Ltd. (South Korea), Saft Groupe S.A. (France), Northvolt AB (Sweden), LG Chem Ltd. (South Korea), Farasis Energy, Inc. (China), Solid Power, Inc. (United States), Cadenza Innovation, Inc. (United States), Blue Solutions SA (France), Oxis Energy Ltd. (United Kingdom), Excellatron Solid State, LLC (United States), Amprius, Inc. (United States). The players are focusing on new product launches and partnerships to gain a competitive edge in the growing structural battery industry.
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