Metal Li-based Battery Casing Market
The advancements of speedily charging technologies for EVs worldwide are a prominent factor driving the metal Li-based battery casing market.
โThe casings are essentially configured of substances such as aluminium and steel which provide better structural coherence contrasted to plastic options.โ— Polaris Market Research
NEW YORK CITY, NY, UNITED STATES, January 8, 2025 /
EINPresswire.com/ -- The
metal Li-based battery casing market forecast for 2034 is a specialized study of the industry with a specific concentration on the global market trend analysis.
Polaris Market Research's latest report, titled " Metal Li-based Battery Casing Market,โ 2025-2034. The report covers key success factors, market performance, risk factors, project costs and economics, expected ROI, and profit margins. The global market was valued at USD 780.14 million in 2024 and is expected to grow to USD 4,057.21 million by 2034 at a CAGR of 18.0% during the forecast period.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐
๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐
๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
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๐๐ก๐๐ญ ๐ข๐ฌ ๐ ๐๐๐ญ๐๐ฅ ๐๐ข-๐๐๐ฌ๐๐ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ฌ๐ข๐ง๐ ?
A metal Li-based battery casing is a defensive shell rendered of metal such as aluminum or steel that inhibits lithium-ion batteries. Metal casings are important for the security, longevity, and durability of lithium-ion batteries. They safeguard batteries from mechanical influences, thermal uncertainty, and jarring ecological conditions.
In renewable metal grids, metal casings are required to resist drawn-out exposure to jarring conditions. Metal casings are important for safeguarding batteries in EVs. Superior thermal handling and structural probity render them perfect for elevated power applications, impacting the metal Li-based battery casing market growth favorably.
๐๐ก๐จ ๐๐๐ค๐๐ฌ ๐๐๐ญ๐๐ฅ ๐๐ข-๐๐๐ฌ๐๐ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ฌ๐ข๐ง๐ ?
Constellium, Gestamp Automociรณn, S.A., GF Casting Solutions, Grรคnges, Magna International Inc., MINTH GROUP, Nemak, UACJ Corporation, and thyssenkrupp AG are some of the leading players in the metal Li-based battery casing market. Critical market contenders are funding massively in research and development to augment their offerings which will assist the market to grow even more.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข In July 2024, Minth Group Co., Ltd, a worldwide firm that outlines, makes, and disburses automobile components involving body proportions, molds, and instruments, endorsed a MOU with the government of Serbia to establish a contemporary manufacturing provision in Serbia.
โข In May 2024, Grรคnges, a worldwide firm that has expertise in aluminum rolling and recycling, increases its enduring strategic alliance with Shandong Innovation Group (SIG) to fortify aggressiveness and acquire additional market share.
๐๐ก๐๐ญโ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐
๐จ๐ซ๐ฐ๐๐ซ๐?
Surge in Government Strategy: The government strategies and stimulus highlighting the acquisition of EVs are projected to fuel the market. The government of India instigated FAME, or Faster Adoption and Manufacturing of (Hybrid and) Electric vehicles forerunner program to encourage electric mobility.
Growing Acquisition of Smartphones: The growing acquisition of smartphones is estimated to push the market growth during the forecast period. As per the GSMAโs yearly State of Mobile Internet Connectivity Report 2023, approximately half of the world population, 4.3 billion people, possess a smartphone. This, in turn, is having a favorable impact on metal Li-based battery casing market sales.
Advancement in Battery Security Technologies: Progression in battery security technologies and escalating administrative conformity are expected to push the market in the coming years. There is an escalating requirement for battery casings that endure paramount conditions, such as overcharging or short circuits, as security technologies enhance.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
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๐๐จ๐ฉ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ:
Understanding key players and their initiatives provides valuable insights into the competitive landscape and emerging opportunities in the market. Here are the top companies in the market:
โข Constellium
โข Gestamp Automociรณn, S.A.
โข GF Casting Solutions
โข Grรคnges
โข Magna International Inc.
โข MINTH GROUP
โข Nemak
โข UACJ Corporation
โข thyssenkrupp AG
โข Targray Technology International Inc.
โข Novelis
โข Norsk Hydro ASA
๐๐ก๐ข๐๐ก ๐๐๐ ๐ข๐จ๐ง ๐๐๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก?
Asia Pacific: Asia Pacific accounted for the largest metal Li-based battery casing market share. The regionโs robust growth is primarily due to the speedy growth in consumer electronics and automotive sectors. China led the market in 2024, profiting from a robust manufacturing framework and a strong concentration on technological progressions.
North America: North America is anticipated to witness significant growth from 2025 to 2034. This can be attributed to the growing funding for energy repository solutions and the progression in electric vehicle technology.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
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๐๐จ๐ฐ ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ง๐?
By Type Outlook
โข Primary
โข Rechargeable
By Application Outlook
โข Automotive
โข Consumer Electronics
โข Industrial
โข Energy Storage Solutions
By Regional Outlook
โข North America
o US
o Canada
โข Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
โข Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Rest of Asia Pacific
โข Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of the Middle East & Africa
โข Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
๐
๐๐๐ฌ:
How much is the metal Li-based battery casing market?
The market size was valued at USD 780.14 million in 2024 and is projected to grow to USD 4,057.21 million by 2034.
What is the growth rate of the metal Li-based battery casing market?
The global market is projected to register a CAGR of 18.0% during the forecast period.
Which region held the largest market share?
Asia Pacific accounted for the largest share of the global market in 2024.
Which segment by application is expected to record a significant CAGR in the market during 2025-2034?
The energy storage solutions segment is projected for significant growth in the global market during the forecast period.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
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