Global Power Battery Structural Parts Market was valued at USD 0.7 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 9.6% from 2024 to 2030.
The Power Battery Structural Parts Market is witnessing rapid growth due to the increasing demand for electric vehicles (EVs) and renewable energy storage systems. As the adoption of EVs accelerates, the need for high-performance, durable, and lightweight battery components becomes critical. Structural parts like battery casings, modules, and frames are integral to ensuring the longevity, efficiency, and safety of power storage systems. These components are designed to protect the battery cells, manage thermal conditions, and prevent mechanical failure during usage, ultimately enhancing the overall performance of electric vehicles and energy storage systems.
The market for power battery structural parts is expected to expand significantly over the next decade. According to industry reports, the market's growth is driven by technological advancements in battery design, materials, and manufacturing processes. Innovations such as the use of aluminum, composite materials, and advanced polymer blends are making battery structures more lightweight while maintaining strength and durability. Additionally, improvements in modular designs enable manufacturers to create more compact and efficient power storage systems, which is a key driver of the market’s growth.
Another crucial factor contributing to the market’s expansion is the rising focus on sustainability. As governments and organizations implement stricter regulations on emissions and energy consumption, there is a greater push to develop eco-friendly battery solutions. This trend is prompting battery manufacturers to explore recyclable and non-toxic materials for structural parts. For instance, some companies are now using recycled aluminum and carbon fiber in their battery casing designs, which not only reduce the environmental impact but also lower production costs.
The demand for power battery structural parts is also increasing in the grid energy storage sector. As renewable energy sources like solar and wind become more prevalent, energy storage systems are crucial for balancing energy supply and demand. These systems rely heavily on advanced battery technologies, which in turn rely on high-quality structural components. The growing importance of renewable energy infrastructure is expected to continue boosting the demand for power battery structural parts across various industries.
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Shenzhen Kedali Industry
SANGSIN EDP
Zhenyu Technology
Wuxi Jinyang New Material
Zhongrui Electronic Technology
Shenzhen Everwin Precision
Fuji Springs
Changzhou Red Fairy
Zhejiang Zhongze Precision Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Power Battery Structural Parts Market
Square Battery
Cylindrical Battery
Based on Types the Market is categorized into Below types that held the largest Power Battery Structural Parts market share In 2023.
Battery Shell
Cover Plate
Connection Parts
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Power Battery Structural Parts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Power Battery Structural Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Power Battery Structural Parts Market, By Type
6. Global Power Battery Structural Parts Market, By Application
7. Global Power Battery Structural Parts Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Power Battery Structural Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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