A structural battery is a type of battery technology that is designed to serve a dual purpose by integrating energy storage capabilities into the structural components of a device or system. In other words, the battery itself is used as a load-bearing or supportive element, eliminating the need for separate battery packs. Structural batteries combine the functions of energy storage and structural support, resulting in a more compact and lightweight design. This technology has the potential to enhance the overall efficiency and performance of various applications, such as electric vehicles, consumer electronics, and aerospace systems.
The global Structural Battery Market size was valued at US$ 1.32 billion in 2022 and is expected to reach US$ 5.72 Billion by 2030, grow at a compound annual growth rate (CAGR) of 20.1% from 2022 to 2030
Prominent Companies in the Structural Battery Industry:
1. Tesla, Inc.
Tesla, Inc.founded in 2003 and its headquarters Austin, Texas, United States. The company operates in 100 countries. In 2018, Tesla acquired SolarCity, in an all-stock $2.6 billion deal, and entered the photovoltaics market.
2. BMW AG
BMW AG founded in 1916, and its Headquarters located in Munich, Germany. The company operates in 140 nations. In 2022 Samsung and BMW's partnership traces back to 2009 when the two first announced they would work together on developing EV batteries
3. Airbus SE
Airbus SE was launch in 1970 and it’s headquarter located Blagnac, France.it operate over 150 country.
4. Volkswagen AG
Volkswagen AG was launch in 1937 and it’s headquarter, Wolfsburg, Germany..it operate over 153 country.
5. LG Chem Ltd
LG Chem Ltd was founded 1947with its headquarters in Seoul, South Korea. With businesses in over 160 countries. In 2023 LG Chem plans to leap forward as the world's leading battery materials provider with KRW 30 trillion
6. Solid Power, Inc.
Solid Power, Inc. was launch in 2011. And its headquarter - Louisville, Colorado, United States. It operate over 70 country. Solid Power announced the merger with special purpose acquisition company Decarbonization Plus Acquisition Corp
7. Cadenza Innovation, Inc
Cadenza Innovation, Inc founded in 2012 and it’s headquarter located Danbury, Connecticut.It operate over 30 country.
*Definition- A structural battery is a type of battery technology that is designed to serve a dual purpose by integrating energy storage capabilities into the structural components of a device or system.
