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