Market Overview:
The global structural battery technology market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy storage solutions, rising concerns over climate change, and growing investments in renewable energy sources. The global structural battery technology market is segmented on the basis of type into nickel-based technology and lithium-based technology. The nickel-based technology segment is expected to account for a larger share of the market than the lithium-based technology segment during the forecast period. This can be attributed to its lower cost and longer life cycle as compared to lithium-based batteries. On the basis of application, the global structural battery technology market is divided into industrial, residential, commercial, military, medical and others segments. The industrial sector is expected to account for a larger share of this market than any other application sector during the forecast period owing to its high demand from end users such as automotive manufacturers and utilities companies.
Product Definition:
Structural Battery technology is a type of battery where the cells are embedded in a structural material, such as metal, plastic or carbon fiber. The use of structural batteries can provide many advantages over traditional battery technologies. For example, they can be molded into any shape to fit specific needs, and they are also very durable and have a long life cycle. This makes them ideal for applications where weight or size is critical, such as in aerospace or transportation industries.
Nickle-based Technology:
Nickel-based technology is one of the most prominent technologies used in the manufacturing of batteries. It has a wide range of applications such as consumer electronics, electric vehicles, power tools and energy storage systems. The nickel-based technology market is expected to witness significant growth over the forecast period owing to its advantages over other technologies such as lithium ion and lead acid batteries.
Lithium-based Technology:
Lithium-based technology is used in structural battery technology to store energy. Lithium-ion batteries are widely used as a source of power for portable devices such as smartphones, laptops, and tablets. Structural batteries have the ability to provide higher storage capacity with lower weight and size than conventional ones owing to their unique architecture.
The global lithium-based technology market was valued at USD 878 million in 2016.
Application Insights:
The commercial application segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. The growing demand for renewable energy, coupled with rising concerns regarding greenhouse gas emissions, has led to increased investments in solar power plants and windmills across nations. Such investments have created a high demand for structural batteries that can store energy from these sources so that it can be used at night or during cloudy weather.
The industrial application segment is expected to witness considerable growth over the forecast period owing to increasing product adoption by various industries such as automotive, telecom & IT and power generation among others. Nickel-based technology accounts for a major market share in this sector as it provides excellent storage capacity compared to other technologies at a lower cost per unit of stored energy.
Regional Analysis:
The market in Asia Pacific and South America is expected to grow at a significant rate over the forecast period owing to increasing government spending on defense and growing demand for consumer electronics. The rising number of manufacturing facilities in these regions is also anticipated to drive the demand for structural batteries over the forecast period.
Increasing use of lithium-ion batteries in laptops, smartphones, electric cars, etc., has resulted in high product demand across major markets including North America and Europe. This trend is projected to continue driving industry growth over the next eight years. However, slow growth rates are expected across other regional markets such as CSA & MEA due to saturation of end-use industries that uses structural batteries (power storage).
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 the demand for structural battery technology as it is used in electric vehicles.
- Development of advanced battery technologies: Structural battery technology is still in its developmental stage and new advancements are being made which will improve its performance and reduce its cost. This will further boost the growth of the market during the forecast period.
- Growing investment in renewable energy: Renewable energy sources such as solar and wind are becoming increasingly popular due to their low environmental impact. This is leading to an increase in investment in these technologies, which will drive the growth of structural battery technology market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Structural Battery Technology Market Research Report
By Type
Nickle-based Technology, Lithium-based Technology
By Application
Industrial, Residential, Commercial, Military, Medical, Others
By Companies
BAE Systems, University of Michigan, Cape Bouvard Technologies, Imperial University in London, Massachusetts Institute of Technology, Chalmers University of Technology, The Case Western Reserve University
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Structural Battery Technology Market Report Segments:
The global Structural Battery Technology market is segmented on the basis of:
Types
Nickle-based Technology, Lithium-based Technology
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
Industrial, Residential, Commercial, Military, Medical, Others
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:
- BAE Systems
- University of Michigan
- Cape Bouvard Technologies
- Imperial University in London
- Massachusetts Institute of Technology
- Chalmers University of Technology
- The Case Western Reserve University
Highlights of The Structural Battery Technology 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:
- Nickle-based Technology
- Lithium-based Technology
- By Application:
- Industrial
- Residential
- Commercial
- Military
- Medical
- Others
- 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 Structural Battery Technology 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.
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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?
Structural battery technology is a new way to store energy that could one day help power our devices. Structural batteries use materials like metal and plastic to create an energy storage device that can be charged and discharged multiple times. This technology has the potential to revolutionize the way we power our devices, making them more sustainable and efficient.
Some of the major players in the structural battery technology market are BAE Systems, University of Michigan, Cape Bouvard Technologies, Imperial University in London, Massachusetts Institute of Technology, Chalmers University of Technology, The Case Western Reserve University.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Structural Battery Technology 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 Structural Battery Technology Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Structural Battery Technology 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 Structural Battery Technology 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 Structural Battery Technology Market Size & Forecast, 2018-2028 4.5.1 Structural Battery Technology Market Size and Y-o-Y Growth 4.5.2 Structural Battery Technology Market Absolute $ Opportunity
Chapter 5 Global Structural Battery Technology 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 Structural Battery Technology Market Size Forecast by Type
5.2.1 Nickle-based Technology
5.2.2 Lithium-based Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Structural Battery Technology 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 Structural Battery Technology Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Residential
6.2.3 Commercial
6.2.4 Military
6.2.5 Medical
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Structural Battery Technology 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 Structural Battery Technology 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 Structural Battery Technology Analysis and Forecast
9.1 Introduction
9.2 North America Structural Battery Technology 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 Structural Battery Technology Market Size Forecast by Type
9.6.1 Nickle-based Technology
9.6.2 Lithium-based Technology
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 Structural Battery Technology Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Residential
9.10.3 Commercial
9.10.4 Military
9.10.5 Medical
9.10.6 Others
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 Structural Battery Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Structural Battery Technology 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 Structural Battery Technology Market Size Forecast by Type
10.6.1 Nickle-based Technology
10.6.2 Lithium-based Technology
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 Structural Battery Technology Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Residential
10.10.3 Commercial
10.10.4 Military
10.10.5 Medical
10.10.6 Others
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 Structural Battery Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Structural Battery Technology 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 Structural Battery Technology Market Size Forecast by Type
11.6.1 Nickle-based Technology
11.6.2 Lithium-based Technology
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 Structural Battery Technology Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Residential
11.10.3 Commercial
11.10.4 Military
11.10.5 Medical
11.10.6 Others
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 Structural Battery Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Structural Battery Technology 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 Structural Battery Technology Market Size Forecast by Type
12.6.1 Nickle-based Technology
12.6.2 Lithium-based Technology
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 Structural Battery Technology Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Residential
12.10.3 Commercial
12.10.4 Military
12.10.5 Medical
12.10.6 Others
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) Structural Battery Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Structural Battery Technology 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) Structural Battery Technology Market Size Forecast by Type
13.6.1 Nickle-based Technology
13.6.2 Lithium-based Technology
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) Structural Battery Technology Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Residential
13.10.3 Commercial
13.10.4 Military
13.10.5 Medical
13.10.6 Others
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 Structural Battery Technology Market: Competitive Dashboard
14.2 Global Structural Battery Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BAE Systems
14.3.2 University of Michigan
14.3.3 Cape Bouvard Technologies
14.3.4 Imperial University in London
14.3.5 Massachusetts Institute of Technology
14.3.6 Chalmers University of Technology
14.3.7 The Case Western Reserve University