The market is expected to grow at a CAGR of 12.43% during the forecast period of 2022-2031
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Electric Vehicle Battery Housing Market – A Global and Regional Analysis.
According to this study, the market size of electric vehicle battery housing was valued at $3.67 billion in 2021 and is projected to reach $11.75 billion by 2031.
The following factors are responsible for the increase in demand for electric vehicle battery housing:
The detailed study is a compilation of 141 market data tables and 53 figures spread through 210 pages.
Check out the detailed table of content here:
Analyst’s Take on the Market Projection
According to Dhrubajyoti Narayan, Principal Analyst, BIS Research, “With the increasing need for road safety and passenger protection, the advancement in battery enclosures that are heat resistant are propelling the market. Market players are assisting electric vehicle manufacturers in optimizing vehicle weight cases by developing unique enclosure designs and employing new materials.”
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Existing Competitive Landscape
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are:
Recent Developments in the Electric Vehicle Battery Housing Market
Aluminum-Based Battery Housing Structure to Dominate the Global Market
Aluminum, steel, glass fiber-reinforced polymer (GFRP), and carbon fiber-reinforced polymer (CFRP) are some of the prominent materials used in the manufacturing of battery housing systems.
Operating electric batteries pose a unique exception in terms of thermal insulation, overall durability, heat, and flammability which makes selecting the proper design and materials essential. Aluminum seems to have the upper hand over other materials, mostly because of its light weight, favorable technical characteristics, and competitive cost. Furthermore, the trend with major OEMs like Nissan, VW, and Tesla is of promoting aluminum over steel for battery enclosures.
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Exclusive DeepTech™ MAP Analysis for Automotive by BIS Research:
About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
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