Electric Vehicle Battery Case Box Market Size By Vehicle Type (PHEV, BEV, E-Bus, E-Truck), By Product Type (Metallic and Non-Metallic), Regions, Segmentation, and Projection till 2029
Global Electric Vehicle Battery Case Box market is expected to grow from USD 503.9 billion in 2021 to USD 982.1 billion by 2029, at a CAGR of 8.7% during the Projection period 2022-2029. The growth of this market is mainly driven owing to the increasing number of automobiles around the world.
Making a sturdy battery box or enclosure is one of the many new issues that the expansion of electrification entails. Numerous characteristics of an effective battery housing contribute to the safety of passengers and the battery, help with thermal control, and shield the battery from the harsh conditions under the car and from accidents. The system must be manufactured within the vehicle’s budgetary and weight restrictions. The top cover, bottom cover, internal structure, and side-impact crash protection structure are the battery box’s four main structural components. The crash structure and the battery frame are shown as the main load-bearing structural elements in the image below. The efficiency of an electric vehicle is significantly influenced by its weight. According to the United States Environmental Protection Agency (EPA), a vehicle’s fuel efficiency improves by one to two percent for every 100 pounds of weight removed. For the electric vehicle industry, which is battling to increase energy efficiency and reduce range anxiety, this presents an opportunity.
Market Dynamics:
- Lowering the price of EV batteries to meet the need for affordable EVs, which further fuels the demand for electric vehicle battery case box
Due to technological breakthroughs and the mass production of EV batteries in vast quantities, the cost of EV batteries has been declining over the past ten years. As EV batteries are one of the most expensive parts of the car, this has resulted in a fall in the price of EVs. A typical EV battery cost about USD 1,100 per kWh in 2010. However, by 2020, the cost had decreased to around USD 137 per kWh, and by 2021, it had fallen all the way to USD 120. In China, these batteries can be purchased for as little as 100 per kWh. This is brought on by the lower cost of making these batteries, the lower cost of cathode materials, increased production, etc. By 2030, the cost of EV batteries is anticipated to drop to around USD 60 per kWh, which would result in a huge decrease in the cost of EVs, making them more affordable than traditional ICE vehicles.
Few EV charging stations may be found in various nations across the world. As a result, there are fewer public EV charging stations available, which lowers uptake of electric vehicles. Except for a few states, most nations have not been able to install the necessary number of EV charging stations, despite the fact that different nations are in the process of doing so. With a well-developed EV charging network in place all across the world, the demand for EVs is anticipated to rise. Most nations have not yet created such charging infrastructure. The Netherlands has the most EV chargers per 100 kilometres. The Netherlands has the highest density of charging stations, with 19–20 per 100 km. The UK now only has 3 charging stations per 100 kilometres, but with its 2030 ambitions to phase out the sale of ICE vehicles, the nation is fast increasing its charging stations. Germany, the United Arab Emirates, Japan, Singapore, South Korea, Sweden, France, the United States, and Russia have all accelerated the switch to EVs by installing numerous charging stations.
Opportunities:
Nations all around the world have established goals to lower automobile emissions by 2030–2050. They have begun pushing the growth of the EV market, its sales, and the associated infrastructure for charging them. For example, the US government spent USD 5 billion in 2017 to support infrastructure for electric vehicle use, such as charging stations. The adoption of EVs is being encouraged by a number of countries through a variety of incentives, including low or no registration costs and exemptions from import taxes, purchase taxes, and road charges.
The necessity of standardizing electric vehicle charging stations has been highlighted by factors including diversity in charging loads. EV charging stations might only work with specific voltage kinds. In contrast to DC charging stations, which offer fast charging through 480V AC, AC charging stations offer a voltage of 120V AC through level 1 charging stations and 208/240V AC through level 2 charging stations. Governments must standardize charging infrastructure in order to create a supportive environment and boost EV sales.
What is the key driver of the Electric Vehicle Battery Case Box market?
Increasing research and development across the automotive battery technology, growing consumer preference for pollution-free hybrid and electric vehicles, and major organic and inorganic expansions across several key players are the key factors driving the market.
Leading market players active in the global Electric Vehicle Battery Case Box market are SGL Carbon, Novelis Inc., Nemak, S.A.B., de C.V., Constellium SE,Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals, Ltd., POSCO, Norsk Hydro ASA, and among others.
What will be the market size of the Electric Vehicle Battery Case Box market?
Global Electric Vehicle Battery Case Box market is expected to reach USD 982.1 billion by 2029, at a CAGR of 8.7% from 2022 to 2029.
Political Factors- To protect passenger safety, most governments have enacted laws governing the manufacture of automotive components. Any business that doesn’t comply with these demands risk having their licence revoked. Additionally, the business must invest a lot of time in testing before launching, which occasionally costs money. The administrations also want to limit the excessive use of fossil fuels because it increases pollution. To stay in business, the automaker companies must maintain emissions within a predetermined level. A nation’s car sector is reliant on import and export policies made by the government. A business may have a higher profit margin if it can import high-quality parts at a reasonable cost.
Economical Factors- People’s incomes in both developed and emerging economies are rising daily. Consequently, their ability to spend is increasing as well. It is the cause of the rising demand for automobiles. Because of the taxes that several nations have placed on luxury goods, which have raised their cost, some consumers may decide not to purchase one. In some nations, it can lead to a decline in the demand for luxury automobiles. However, they might attract more customers if several companies release comparably inexpensive cars. The cost of autos will rise if the price of automotive components does as well. It might be the cause of the decline in demand for cars.
Social Factor- Automobiles serve as both transportation and fashion statements. Therefore, when producing new cars, corporations need to take consumers’ preferences into account. Otherwise, it can become outdated and might not sell well. The population distribution of a nation affects car sales as well. Big cars like SUVs typically sell well in states with a dense population and large families. Communities’ cultures and habits have an impact on the auto industry as well. For instance, nations with good transportation connections might have fewer people who drive their own automobiles. Developed nations also have a propensity to own one or more cars.
Technological Factors- To maintain public safety, the vehicle industry is incredibly dependent on cutting-edge technology. To make cars as safe as possible, businesses must enhance their technologies. The businesses must concentrate on lowering pollution. They can control the emission rate by utilising contemporary technologies. The businesses must concentrate on lowering pollution. They can control the emission rate by utilising contemporary technologies. Autonomous vehicles are already available on the market. They might therefore face great expectations in the future. The business needs to advertise these electrified and self-driving automobiles so that they may attract more clients.
Environmental Factors- Environmentalists and the government are concerned about the vehicle’s emissions. The businesses can produce battery-powered or electric cars, which can aid in reducing pollution, using their most recent technologies. The automotive producer must follow the standards since the governments of the nations are more willing to adopt environmental policies to reduce the level of pollution. It might reduce the profit margin for businesses that make cars. Automobile businesses’ research departments must be rigorous in their testing. If a product can pass the stringent pollution tests, they should introduce it to the market.
Legal Factors- To reduce the number of automobiles on the road and so lessen the level of air pollution, several nations have tight restrictions. If it is determined during an accident’s forensic investigation that there was a problem with the defective parts or airbags, the corporation may have to face legal action. A vehicle firm that sells its products internationally must follow all applicable tax and environmental regulations. If they don’t, the business risked being barred from the nation. The business of the automotive sector may be impacted by national laws and regulations. The majority of nations have regulations for automakers.
- Introduction
- Objectives of the Study
- Market Definition
- Research Scope
- Research Methodology and Assumptions
- Executive Summary
- Premium Insights
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Top Investment s
- Market Attractiveness Analysis By Vehicle Type
- Market Attractiveness Analysis By Product Type
- Market Attractiveness Analysis By Region
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- Cells are the most important components of a battery pack. The mixture of materials comprising the cell is known as its chemistry. Different battery chemistries can achieve different performances and specifications. There are two common types of cells: energy cells and power cells. There are also many variants to provide the perfect trade-off depending on the application. In the EV industry, the lithium-ion cell (li-ion cell) is the most common chemistry. Alternative chemistries are sometimes used, such as Nickel-Metal Hydride (NiMH), which offers a slightly better lifecycle.
- Electrical connectors such as busbars, wires, or other distribution conductors are used to make series or parallel connections between cells and groups of cells. These connections are typically done using ultrasonic bonding or laser welding. Busbar connections between modules can also be done mechanically using fasteners.
- Thermal interface materials (TIMs) such as pastes, adhesives and gap fillers are inserted between battery components to join them mechanically while improving thermal properties between surfaces. With the rise of the structural battery pack, TIMs are becoming essential components.
- The Battery Management System (BMS) protects cells by monitoring key parameters such as voltages, currents, and temperatures. It is responsible for cell balancing (to maintain the optimal performance of the cells at the right voltage) and communicates with several systems such as engine management and temperature control. It also includes protection devices that can shut down the battery if needed.
- The Battery Thermal Management System (BTMS) controls the thermal energy in the electric vehicle’s powertrain and cabin, providing cooling or heating as needed to meet the battery’s thermal needs and protect the cells. The BTMS includes several components such as a heat exchanger, tubes, hoses, cold plates, pumps, valves, and temperature sensors.
- The Contactor System is a switch controlled by the battery management system. It can cut off the electrical connection between the main battery and the high voltage bus, which delivers current to the traction motor and other high-voltage components.
- The Housing is a rigid enclosure that protects the battery from environmental factors such as water, dust, and salt. It helps maintain a precise temperature and electrical insulation in the battery, and it prevents damages like rust and slow shorts.
- The Communications System ensures communication with other components in the electric vehicle. The most used protocol is CAN bus.
- Oil/fuel resistance
- Air/gas permeability
- Hot air resistance
- Low temperature flexibility
- Material hardness
- Material resiliency and durability
- Stress/strain characteristics
- Environmental resistance (UV/sunlight, ozone etc)
- Flame retardancy
Electric Vehicle Battery Case Box Market will reach to USD 982.1 billion by 2029 : GreyViews
December 06, 2022 08:00 ET | Source: GreyViews GreyViews
Pune India, Dec. 06, 2022 (GLOBE NEWSWIRE).- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the Electric vehicle battery case box market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the Electric vehicle battery case box market is present across various countries in the above-mentioned regions.
The report provides detailed understanding of the market segments which have been formed by combining different prospects such as the vehicle type and product type. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the below paragraphs.
The significant players operating in the global Electric vehicle battery case box market are SGL Carbon, Novelis Inc.,Nemak, S.A.B., de C.V., Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals, Ltd., POSCO, Norsk Hydro ASA, and among others. To achieve a substantial market share in the worldwide Electric vehicle battery case box market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
Making a sturdy battery box or enclosure is one of the many new issues that the expansion of electrification entails. Numerous characteristics of an effective battery housing contribute to the safety of passengers and the battery, help with thermal control, and shield the battery from the harsh conditions under the car and from accidents. The system must be manufactured within the vehicle’s budgetary and weight restrictions. The top cover, bottom cover, internal structure, and side-impact crash protection structure are the battery box’s four main structural components. The crash structure and the battery frame are shown as the main load-bearing structural elements in the image below. The efficiency of an electric vehicle is significantly influenced by its weight. According to the United States Environmental Protection Agency (EPA), a vehicle’s fuel efficiency improves by one to two percent for every 100 pounds of weight removed. For the electric vehicle industry, which is battling to increase energy efficiency and reduce range anxiety, this presents an opportunity.
Scope of Electric vehicle battery case box Market Report
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The Components of a Battery Pack
A battery pack is the most expensive part in an electric vehicle. It is a complex system made of a wide range of components. Here are some of the important components.
The 4 Main Types of Battery Pack Designs
12V Battery Packs for Accessories
With their low voltage, 12V batteries are used for low energy applications such as headlights, radio systems, and other accessories. In hybrid and petrol cars, they are used to start the engine. In electric vehicles, they are used as an energy source that can function without the main electric battery (traction battery). For example, it is used to activate the traction battery and provide power to some vital components if power has been cut off for safety reasons.
Traditionally, the most known type of 12V batteries were made using the lead-acid cell chemistry and were hence referred to as lead-acid batteries. The number of cells in these packs was limited to 6. The most recent 12V batteries are lithium-ion battery packs whose lithium cells offer better performance and lighter weight.
12V batteries are small and are typically placed under the hood. recently, manufacturers have started placing them inside the trunk to improve safety, as it minimizes chances of short circuits during crashes. Since more collisions occur at the front, the battery is better protected from impacts when it is positioned at the back.
Hybrid Battery Packs
Hybrid batteries contain a smaller amount of energy than EV batteries and are much smaller. Still, today’s hybrid batteries typically have a range between 30 and 50 miles (50 and 80 km). They can be used for most short-distance trips without having to fall back on the internal combustion engine (ICE). That’s a major improvement compared to the very first models, which offered a mere 0.6 miles of autonomy (1 km).
Hybrid battery packs are built to complement the combustion engine when it is least efficient, such as when accelerating. The goal is to diminish petrol consumption as much as possible. The battery can also recharge itself by recovering wasted energy when braking (regen braking).
EV Battery Packs
Unlike other battery pack designs, EV batteries are full-sized batteries made to supply the entire range of the vehicle, including the traction motor and accessories. Current EV batteries offer between 20 and 130 kWh of energy and can use between 90% and 95% of that energy—a much higher percentage than other types of batteries. The Mercedes EQS is the electric car with the highest range, offering 485 miles of autonomy (780 km).
EV batteries represent a significant portion of the vehicle’s weight and volume. They can weigh up to 450 kg (1000 lbs), representing one-fourth of the car’s total weight. Different designs come with high voltage going from 400V to 900V. In the most recent designs, they are being integrated as part of the vehicle’s structure.
High Performance Battery Packs
High performance battery packs are batteries designed for Formula E races. They are divided in two categories: hybrid and pure EV. They are made with composite materials to obtain an ultra light structure. Some high-performance batteries are removable so they can be replaced during races.
Even though they are small, these batteries can deliver ultra high power. precisely, they can deliver several hundred kW of power, which is enough to output power for an entire neighbourhood. Their cooling system is oversized due to the aggressive power demand.
High-performance battery packs are more energy efficient than other types of batteries. For example, they can recover a larger portion of lost energy during braking (regen braking).
The Evolution of Battery Pack Designs
Over the last decade, battery pack designs have evolved a lot to meet the demand for better battery range. The increased interest for EVs has also allowed to streamline production through more advanced manufacturing technologies like lasers to further improve quality and lower costs.
Stéphane Melançon
Technical expert and consultant in batteries and electrical propulsion systems, Stéphane holds a Physics degree with specializations in Photonics, Optics, Electronics, Robotics, and Acoustics. Invested in the EV transformation, he has designed industrial battery packs for electrical bikes. In his free time, he runs a YouTube channel on everything electrical.
Seal material selection
Several aspects must be considered on selecting the correct material with which to make the battery box seal. These include:
as well as processability to ensure the part can be made in the first place.
Cooling and battery efficiency
The functional design of the case is very much specific on the battery application. The operating temperature range of the battery packs is a key piece of information required during the design and development phase. lithium-ion batteries work between a specific temperature range. Due to the temperature increases seen during operation and charging, cooling of the cells is critical to keep the cells at an optimum temperature. This cooling can be done in several different ways from fluids to air flow and must be carefully designed for effectiveness.
One of the key things that needs to be considered is significant increase in temperatures seen within the cells during a thermal runaway scenario. In this case the temperatures can increase to significantly higher than 1000°C and the risk of fire is very high.
The safety requirements of the battery cases vary significantly across different industries. In aerospace, for example, one of the key factors is the burn through time. This time is directly related to the time the pilot will have to get the aircraft to the ground.
In this scenario fire, smoke, toxicity (FST) resistant resin systems, such as phenolics, may be chosen. However, phenolics unfortunately do not have the inherent structural performance as other resin systems, and typically have a glass transition temperature (Tg) of lower than 200°C. This is a good indication of the thermal performance of a resin system, above this temperature there will be a decrease in material modulus.
In other industries, where the FST requirements may be a lower priority to structural performance and heat resistance, the use of bio-based resins or cyanate ester would provide a much higher temperature resistance.
The battery box seal must also comply with stringent flammability specifications. The challenge here is a composite case requires a low sealing force, to avoid deflecting the structure between fixings. Flame retardant rubber compositions rely on a high loading of inert, and often dense, filler materials such as silica sand to reduce the combustible polymer content. This results in a higher hardness and heavier material than the ideal. The seal design can ensure optimum sealing at lower closure forces, and material and seal design can help reduce weight.
What is the right level of contact in the seal?
It is important to obtain the correct force required on the fixings to compress the seal in the battery case. If the compressive force is too low the seal may hold the case open, or too high may cause the seal to over compress and split or damage to the carbon composite. It is also important to consider the effect of thermal expansion between the seal and the case, to avoid unwanted displacements.
Working with specialists can help companies meet regulations and to develop and manufacture bespoke sealing solutions. Companies, including Martin’s Rubber, are continuing to proactively invest in developing materials and technologies for sustainable methods of travel, such as electric vehicles.