Market Overview:
The global power battery box market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs). In addition, the growing awareness about environment-friendly transportation is also contributing to the growth of this market. The global power battery box market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into aluminum alloy, composite material, and others. Aluminum alloy is expected to account for a major share of this market owing to its properties such as high strength-to-weight ratio and corrosion resistance. Composite material is also anticipated to witness significant growth during the forecast period due its properties such as lightweight and high tensile strength.
Product Definition:
A power battery box is a container used to store and transport batteries. The importance of a power battery box is that it protects the batteries from damage and allows for efficient transportation.
Aluminum Alloy:
Aluminum alloys are a group of metals that have similar properties. The most common ones are aluminum, copper-zinc-aluminum (CuZnAl) and copper-aluminum (CuAl). CuZnAl is the most widely used alloy in battery boxes as it combines the highest conductivity with high strength and excellent corrosion resistance.
Composite Material:
Composite Material is a combination of two or more substances, which are normally distinct and separable. The most common examples include wood, rubber, plastic and glass. When these materials are mixed in appropriate proportions they can produce an extremely strong material that has superior properties to those of the individual components.
Composite Battery Box Market Size & Forecast by Application (Automotive & Transportation, Consumer Electronics), by Region (North America [U.S.
Application Insights:
The passenger car segment held the largest share of over 60.0% in 2017. The growth can be attributed to increasing demand for electric vehicles in countries such as the U.S., China, and Norway due to stringent regulations regarding vehicle emission control implemented across these regions. For instance, Norway has announced plans to ban the sale of new diesel and gasoline-powered cars by 2025, which is likely to drive demand for power battery boxes in passenger cars over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electric vehicles in countries, such as China and Japan. In addition, rising investments in renewable energy projects are anticipated to drive demand for power battery boxes across this region. For instance, according to a recent study published by IEEFA titled “Renewables 2018â€, Asia Pacific accounted for 29% of global investment in renewable energy projects during 2017 and is estimated to reach USD X billion by 2030.
Europe was the second-largest regional market with a revenue share of 22% in 2017 owing high consumption of batteries across various applications including passenger cars and commercial vehicles. North America also contributed significantly toward industry growth due its growing preference toward sustainable transportation solutions coupled with stringent government regulations on greenhouse gas emissions from internal combustion engines (ICEs).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in demand for power battery boxes, as they are used to store and supply power to these vehicles.
- Growing awareness about the benefits of electric vehicles: There is a growing awareness about the benefits of electric vehicles, such as low emissions and fuel efficiency. This is leading more people to switch from traditional petrol or diesel-powered cars to electric ones, thereby increasing demand for power battery boxes.
- Development of advanced technologies: The development of advanced technologies such as lithium-ion batteries is helping improve the performance and lifespan of power battery boxes, thus driving their growth in the market.
- Rising investments in renewable energy sources: Governments and private investors are increasingly investing in renewable energy sources such as solar and wind energy, which require storage solutions like power battery boxes. This will help drive growth in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Battery Box Market Research Report
By Type
Aluminum Alloy, Composite Material, Others
By Application
Passenger Car, Commercial Vehicle
By Companies
Lingyun Industrial Corporation Limited, Minth Group Limited, Guangdong Hoshion Aluminium Co.,ltd., Shanghai Sekely Die Technology Co.,Ltd., Guangzhou Daku Industrial Equipment Co., Ltd., Benteler, Hulamin, Gestamp, Huayu Automotive Systems Company Limited, Suzhou Jin Hong Shun Auto Parts Co.,Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Power Battery Box Market Report Segments:
The global Power Battery Box market is segmented on the basis of:
Types
Aluminum Alloy, Composite Material, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lingyun Industrial Corporation Limited
- Minth Group Limited
- Guangdong Hoshion Aluminium Co.,ltd.
- Shanghai Sekely Die Technology Co.,Ltd.
- Guangzhou Daku Industrial Equipment Co., Ltd.
- Benteler
- Hulamin
- Gestamp
- Huayu Automotive Systems Company Limited
- Suzhou Jin Hong Shun Auto Parts Co.,Ltd.
Highlights of The Power Battery Box Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminum Alloy
- Composite Material
- Others
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Power Battery Box Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A power battery box is a device that helps to store energy from renewable sources, such as solar or wind power. The box can be used to store energy for later use, or it can be used to provide power when the grid is not available.
Some of the key players operating in the power battery box market are Lingyun Industrial Corporation Limited, Minth Group Limited, Guangdong Hoshion Aluminium Co.,ltd., Shanghai Sekely Die Technology Co.,Ltd., Guangzhou Daku Industrial Equipment Co., Ltd., Benteler, Hulamin, Gestamp, Huayu Automotive Systems Company Limited, Suzhou Jin Hong Shun Auto Parts Co.,Ltd..
The power battery box market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Battery Box Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Power Battery Box Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Battery Box Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Power Battery Box Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Power Battery Box Market Size & Forecast, 2020-2028
4.5.1 Power Battery Box Market Size and Y-o-Y Growth
4.5.2 Power Battery Box Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Aluminum Alloy
5.2.2 Composite Material
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Battery Box Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Power Battery Box Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Aluminum Alloy
9.6.2 Composite Material
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Aluminum Alloy
10.6.2 Composite Material
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Aluminum Alloy
11.6.2 Composite Material
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Aluminum Alloy
12.6.2 Composite Material
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Aluminum Alloy
13.6.2 Composite Material
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Power Battery Box Market: Competitive Dashboard
14.2 Global Power Battery Box Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lingyun Industrial Corporation Limited
14.3.2 Minth Group Limited
14.3.3 Guangdong Hoshion Aluminium Co.,ltd.
14.3.4 Shanghai Sekely Die Technology Co.,Ltd.
14.3.5 Guangzhou Daku Industrial Equipment Co., Ltd.
14.3.6 Benteler
14.3.7 Hulamin
14.3.8 Gestamp
14.3.9 Huayu Automotive Systems Company Limited
14.3.10 Suzhou Jin Hong Shun Auto Parts Co.,Ltd.
