Product Code: FCB049B
The global market for next-generation advanced batteries is estimated to increase from $87.6 million in 2022 to reach $1.8 billion by 2027, at a compound annual growth rate (CAGR) of 83.5% from 2022 through 2027.
The global market for electric vehicle batteries is estimated to increase from $66.4 billion in 2023 to reach $161.3 billion by 2028, at a CAGR of 19.4% from 2023 through 2028.
The global market for EV insulation is estimated to increase from $3.1 billion in 2023 to reach $9.1 billion by 2028, at a CAGR of 24.4% from 2023 through 2028.
Research Review Scope
Batteries are vital to power numerous systems across diverse use cases, such as consumer electronics, energy storage systems, and electric vehicles (EVs). In the present scenario, most battery-powered devices such as tablets, smartphones, energy storage systems, and EVs rely majorly on lithium-ion (Li-ion) batteries, which are capable of storing significant amounts of energy in a small form factor and can charge quickly. However, there is a growing demand for new battery technologies to rival Li-ion batteries in terms of cost, efficiency, safety, and sustainability. Therefore, battery manufacturers are continuously striving to find battery chemistries that are cheaper, lighter, denser, and more powerful than conventional Li-ion battery systems.
Advanced battery technologies such as solid-state, lithium-sulfur, and next-generation flow batteries are at the forefront of innovation as a promising alternative to traditional battery systems to offer superior efficiency, energy storage capabilities, and safety. While spending significant resources on R&D for advanced battery solutions, manufacturers are also optimizing the existing Li-ion battery technology, which still dominates the EV market due to the established supply chains and manufacturing and distribution networks.
With the surge in the adoption of batteries for EVs, thermal management and insulation technologies have become critical to ensure occupant safety, battery performance, and longevity. Materials such as ceramics and foamed plastics are used for insulation applications to leverage high-temperature resistance properties and electrical insulation.
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. This 2023 Research Review of Fuel Cell and Battery provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions. This Research Review includes highlights and excerpts from the following reports published by BCC Research in 2023:
- FCB062A Next-Generation Advanced Batteries: Global Markets
- FCB063A Global Electrical Vehicle Battery Market
- FCB064A Global Electric Vehicle Insulation Market
After you survey the excerpts in this Research Review, we encourage you to follow up on these topics by checking out the full market research reports associated with each topic. BCC Research looks forward to serving your market intelligence needs in the future.
Table of Contents
Chapter 1 Foreword
Chapter 2 Next-Generation Advanced Batteries: Global Markets (FCB062A)
- Next-Generation Advanced Batteries
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Market Summary
- Market Overview of Next-Generation Advanced Batteries
- Technological Background and Advancements
- Battery Technology History
- Impact of COVID-19 and Ukraine-Russia War on the Global Market
- COVID-19 Impact
- Impact of Russia-Ukraine War
- Market Dynamics of Next-Generation Advanced Batteries
- Overview
- Market Driver
- Market Restraint
- Key Challenge for Next-Generation Advanced Battery Market
- Market Opportunity
- Market Breakdown of Next-Generation Advanced Batteries, by Battery Type
- Overview
- Solid State Battery
- Lithium-Sulfur Battery
- Next-Generation Flow batteries
- Metal-Air Battery
- Others
- Market Breakdown of Next-Generation Advanced Batteries, by Region
- Overview
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 3 lobal Electrical Vehicle Battery Market (FCB063A)
- Electrical Vehicle Battery Market
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Market Outlook
- Summary and Highlights
- Market Overview of Electrical Vehicle Battery
- Introduction
- Evolution of Electric Vehicle Batteries
- Impact of COVID-19 and Ukraine-Russia War on the Global Market
- COVID-19 Impact
- Impact of the Russia-Ukraine War
- Market Dynamics of Electrical Vehicle Battery
- Overview
- Market Driver
- Market Restraint
- Key Challenge in the Market for Electric Vehicle Batteries
- Market Opportunity of Electrical Vehicle Battery
- Government Efforts Relating to Electric Vehicles
- Market Breakdown by Type of Battery
- Overview
- Lithium-Ion Batteries and Advanced Batteries
- Advance Battery
- Lead-Acid Batteries
- Market Breakdown of Electrical Vehicle Battery, by Type of Propulsion
- Overview
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
- Market Breakdown of Electrical Vehicle Battery, by Type of Vehicle
- Overview
- Passenger Cars
- Vans
- Bus
- Truck
- Other Types of Vehicles
- Market Breakdown of Electrical Vehicle Battery, by Battery Form
- Overview
- Prismatic
- Cylindrical
- Pouch
- Market Breakdown of Electrical Vehicle Battery, by Region
- Overview
- North America
- Europe
- Asia-Pacific
- Rest of World
- ESG Performance in Electric Vehicle Batteries Market
- Overview
- Electric Vehicle Batteries and ESG are Closely Related
- Importance of ESG in the Electric Vehicle Battery Industry
- Approach by Electric Vehicle Batteries to Achieve ESG Goals
- ESG Penetration for EV Battery Manufactures
- Current Status of ESG in the Market for Electric Vehicle Batteries
- Future of ESG with Electric Vehicle Battery Industry
- Case Study: Examples of Successful Implementation of ESG
- Concluding Remarks from BCC
- Emerging Technologies and Developments of Electrical Vehicle Battery Market
- Introduction
- Current Market Trends
- Increased Energy Density
- Emerging and Upcoming Trends in Electric Vehicle Batteries
Chapter 4 Global Electric Vehicle Insulation Market (FCB064A)
- Electric Vehicle Insulation Market
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Market Outlook
- Market Summary
- Market Overview of Electric Vehicle Insulation
- Introduction
- Evolution of EV Insulation
- Impact of COVID-19 on Electric Vehicle Insulation Market
- Impact of the Ukraine-Russia War on Electric Vehicle Insulation Market
- Impact on Supply Chain and Value Chain
- Market Dynamics of Electric Vehicle Insulation
- Overview
- Market Driver
- Market Restraint
- Key Challenge
- Market Opportunity
- Emerging Technologies and Developments of Electric Vehicle Insulation
- Introduction
- Emerging Technologies
- Market Breakdown of Electric Vehicle Insulation, by Product Type
- Overview
- Thermal Interface Materials
- Ceramics
- Foamed Plastics
- Other Materials
- Market Breakdown of Electric Vehicle Insulation, by Propulsion Type
- Overview
- Battery EVs (BEVs)
- Plug-in Hybrid EVs (PHEVs)
- Hybrid EVs (HEVs)
- Fuel Cell EVs (FCEVs)
- Market Breakdown of Electric Vehicle Insulation, by Vehicle Type
- Overview
- Passenger Cars
- Vans
- Buses
- Trucks
- Other Vehicles
- Market Breakdown of Electric Vehicle Insulation, by Region
- Overview
- North America
- Europe
- Asia-Pacific
- Rest of World (RoW)
- ESG Performance in EV Insulation Market
- Overview
- Future of ESG in the EV Insulation Industry
- 3M and BASF: Two Examples of Successful Implementation of ESG
- Concluding Remarks from BCC
Chapter 5 Appendix
- Methodology
- Analyst's Credentials