Market Overview:
The global market for EV Battery Housing estimated at USD 1703.05 Million in 2022 is projected to reach a revised size of USD 17916.27 Million by 2030, growing at a CAGR of 34.2% over the period 2023-2030.
The EV battery housing market is an evolving market that focuses on efficient designs that ensure passenger and battery safety, thermal management, and protection against environmental elements and accidents. Key attributes include crash-resistant components, load-bearing structures, and integration within vehicle architecture.
In this market Extrusion-based solutions are gaining prominence, exemplified by successes like the Audi e-Tron and Porsche Taycan. These designs leverage aluminum extrusions to enhance crash energy absorption and structural integrity. Extrusions offer a multifaceted advantage, combining crash protection, torsional stiffness, robust strength-to-weight ratios, and leak-free fluid transport through structural channels. The substantial size and weight of battery systems, up to 700 kg and 27% of total vehicle weight, demand careful material selection and manufacturing processes. As much as 20% of battery system costs can be attributed to housing and structure.
As the EV market advances, battery housing solutions integrating extrusions are becoming pivotal elements, embodying the synergy between structural integrity, crash management, fluid conveyance, and overall design efficiency.
Top Key Players for EV Battery Housing Market:
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.
Market Dynamics and Factors for EV Battery Housing Market:
Drivers:
Increase in the Demand for robust battery housing for EVs
The growing demand for robust battery housing in electric vehicles (EVs) is driven by the imperative to ensure passenger safety, protect the battery from harsh conditions and accidents, and facilitate effective thermal management. Robust housing enhances the structural integrity of the vehicle, mitigates crash impact, and secures the battery, addressing key concerns in the EV industry's pursuit of safer and more reliable electric mobility solutions.
Opportunities:
Growing Environmental Consciousness and Government Support
The surge in environmental concerns is expected to drive higher demand for electric vehicle (EV) battery housing, fueled by stringent pollution regulations and heightened consumer eco-consciousness. Furthermore, governmental support is on the rise, recognizing the economic potential within battery ecosystems. This proactive approach to harnessing battery-driven economic value is spurring rapid and decisive actions by governments to foster the growth and development of this promising market opportunity.
Segmentation Analysis of the EV Battery Housing Market:
By Cell Format Type, Pouch cells are anticipated to gainsubstantial traction in the coming years, fueled by their inherent flexibility, space optimization, and compatibility with emerging technologies like solid-state batteries. As the industry seeks higher energy density and more adaptable solutions, pouch cells' unique attributes position them as a compelling choice for various applications, particularly within the electric vehicle battery market.
By Material, Aluminum prominently leads the electric vehicle battery housing market due to its lightweight, robust, and corrosion-resistant attributes, making it an ideal choice. Its cost-effectiveness and recyclability further enhance its appeal, contributing to sustainability. The increasing demand for electric vehicles aligns with aluminum's advantages, ensuring its continued dominance in battery housing manufacturing, driven by its suitability, affordability, and eco-friendly nature.
Regional Analysis of the EV Battery Housing Market:
The Asia-Pacific region dominates in the electric vehicle (EV) battery housing market, with China at the forefront due to its strategic policies. The region's ascendancy is exemplified by significant figures, in 2021, Asia-Pacific emerged as a leading EV producer, achieving double-digit YoY growth with 122,243 units manufactured. Impressively, China not only dominates EV sales but also boasts the highest EV production and access to crucial battery raw materials. This dynamic landscape is gradually evolving as other regional markets increasingly embrace EVs, driving heightened demand and the establishment of localized production capabilities.
Key Industry Development:
February 2021, the top and bottom of an electric car battery container are joined using a patent-pending clip mechanism that was developed by CSP and its parent firm Teijin. This method eliminates the need for bolts. This clip technique enhances the seal, lowers assembly costs, and makes it simpler to repair the batteries when necessary. In Manchester, Michigan, CSP Stamping will produce the clips.
