Global Cell to Pack Battery Market Size study, by Forms, by Battery Type, by Components, by Vehicle Type, by Propulsion Type and Regional Forecasts 2022-2032

Description

The Global Cell to Pack Battery Market is valued approximately at USD 12.24 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 12.1% over the forecast period 2024-2032. Cell to Pack (CTP) battery technology is a cutting-edge approach to electric vehicle (EV) battery design that streamlines the structure by removing the traditional module level. In conventional battery systems, individual cells are first grouped into modules, which are then assembled into the overall battery pack. This multi-step assembly process adds weight, volume, and complexity to the battery system. CTP technology, on the other hand, integrates the cells directly into the battery pack without the intermediate step of forming modules. This innovative approach results in several advantages, including higher energy density, improved thermal management, and reduced manufacturing costs,

The primary objectives of cell to pack technology are to lower the cost of battery packs and boost their volumetric density. Unlike traditional battery packs, cell to pack techniques integrate battery cells directly into a pack without needing modules as an intermediary step, enhancing the volumetric energy density of the battery mold and system. The rising adoption of electric vehicles and favorable government regulations promoting clean and green transportation are key factors driving the cell to pack battery market growth. However, the high cost of cell to pack production technologies and associated safety concerns may hamper market development. Moreover, ongoing technological advancements in cell to pack architecture and the rise in battery material processing facilities may address these challenges and create lucrative opportunities for the market in the forecast period.

Key regions considered for the Cell to Pack Battery Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, The Asia-Pacific region holds the largest market share due to its position as a production hub and major supplier of raw materials, coupled with the surging adoption of electric vehicles and favorable government initiatives. Investment from major market players is boosting production capabilities, thereby strengthening the prominence of Asian countries in the cell to pack battery market. On the other hand, North America is projected to registered fastest growth propelled by the increasing production facilities and government encouragement in the Americas, particularly with significant funding initiatives like the USD 2.8 billion investment by the U.S. Department of Energy in 2022 to expand domestic manufacturing of batteries for electric vehicles and the electric grid. Additionally, the escalating electromobility across American regions has further enhanced the market scope.

Major market players included in this report are:

BYD Motors Inc.
LG Energy Solution Ltd.
Samsung SDI Co., Ltd.
Panasonic Industry Co., Ltd.
SK Innovation Co., Ltd.
Microvast Holdings, Inc.
Nissan Motor Co., Ltd.
Proterra Inc.
Amperex Technology Limited
NEC Corporation
Hitachi Chemical Co., Ltd.
EVE Energy Co., Ltd.
Murata Manufacturing Co., Ltd.
Sony Corporation
Toshiba Corporation

The detailed segments and sub-segment of the market are explained below:

By Forms:

Cylindrical
Pouch
Prismatic

By Battery Type:

Lead-Acid
Lithium Ion (Li-Ion)
Lithium Sulphur (Li-S)
Nickel Manganese Cobalt (NMC)
Nickel Metal Hydride (Ni-MH)

By Components:

Battery Management System
Cell
Coolant
Housing
Switches & Fuses

By Vehicle Type:

Commercial Vehicles
Passenger Cars

By Propulsion Type:

Battery Electric Vehicles (BEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Cell to Pack Battery Market Executive Summary

1.1. Global Cell to Pack Battery Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Forms
- 1.3.2. By Battery Type
- 1.3.3. By Components
- 1.3.4. By Vehicle Type
- 1.3.5. By Propulsion Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Cell to Pack Battery Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Cell to Pack Battery Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Adoption of Electric Vehicles
- 3.1.2. Favorable Government Regulations
- 3.1.3. Technological Advancements in Battery Architecture
3.2. Market Challenges
- 3.2.1. High Production Costs
- 3.2.2. Safety Concerns and Failure Issues
3.3. Market Opportunities
- 3.3.1. Expansion in Battery Material Processing
- 3.3.2. Investments in Production Facilities
- 3.3.3. Collaborations Between European and Asian Manufacturers

Chapter 4. Global Cell to Pack Battery Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Cell to Pack Battery Market Size & Forecasts by Forms 2022-2032

5.1. Segment Dashboard
5.2. Global Cell to Pack Battery Market: Forms Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Cylindrical
- 5.2.2. Pouch
- 5.2.3. Prismatic

Chapter 6. Global Cell to Pack Battery Market Size & Forecasts by Battery Type 2022-2032

6.1. Segment Dashboard
6.2. Global Cell to Pack Battery Market: Battery Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Lead-Acid
- 6.2.2. Lithium Ion (Li-Ion)
- 6.2.3. Lithium Sulphur (Li-S)
- 6.2.4. Nickel Manganese Cobalt (NMC)
- 6.2.5. Nickel Metal Hydride (Ni-MH)

Chapter 7. Global Cell to Pack Battery Market Size & Forecasts by Components 2022-2032

7.1. Segment Dashboard
7.2. Global Cell to Pack Battery Market: Components Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Battery Management System
- 7.2.2. Cell
- 7.2.3. Coolant
- 7.2.4. Housing
- 7.2.5. Switches & Fuses

Chapter 8. Global Cell to Pack Battery Market Size & Forecasts by Vehicle Type 2022-2032

8.1. Segment Dashboard
8.2. Global Cell to Pack Battery Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Commercial Vehicles
- 8.2.2. Passenger Cars

Chapter 9. Global Cell to Pack Battery Market Size & Forecasts by Propulsion Type 2022-2032

9.1. Segment Dashboard
9.2. Global Cell to Pack Battery Market: Propulsion Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Battery Electric Vehicles (BEVs)
- 9.2.2. Plug-in Hybrid Electric Vehicles (PHEVs)

Chapter 10. Global Cell to Pack Battery Market Size & Forecasts by Region 2022-2032

10.1. North America Cell to Pack Battery Market
- 10.1.1. U.S. Cell to Pack Battery Market
  - 10.1.1.1. Forms breakdown size & forecasts, 2022-2032
  - 10.1.1.2. Battery Type breakdown size & forecasts, 2022-2032
  - 10.1.1.3. Components breakdown size & forecasts, 2022-2032
  - 10.1.1.4. Vehicle Type breakdown size & forecasts, 2022-2032
  - 10.1.1.5. Propulsion Type breakdown size & forecasts, 2022-2032
- 10.1.2. Canada Cell to Pack Battery Market
10.2. Europe Cell to Pack Battery Market
- 10.2.1. U.K. Cell to Pack Battery Market
- 10.2.2. Germany Cell to Pack Battery Market
- 10.2.3. France Cell to Pack Battery Market
- 10.2.4. Spain Cell to Pack Battery Market
- 10.2.5. Italy Cell to Pack Battery Market
- 10.2.6. Rest of Europe Cell to Pack Battery Market
10.3. Asia-Pacific Cell to Pack Battery Market
- 10.3.1. China Cell to Pack Battery Market
- 10.3.2. India Cell to Pack Battery Market
- 10.3.3. Japan Cell to Pack Battery Market
- 10.3.4. Australia Cell to Pack Battery Market
- 10.3.5. South Korea Cell to Pack Battery Market
- 10.3.6. Rest of Asia Pacific Cell to Pack Battery Market
10.4. Latin America Cell to Pack Battery Market
- 10.4.1. Brazil Cell to Pack Battery Market
- 10.4.2. Mexico Cell to Pack Battery Market
- 10.4.3. Rest of Latin America Cell to Pack Battery Market
10.5. Middle East & Africa Cell to Pack Battery Market
- 10.5.1. Saudi Arabia Cell to Pack Battery Market
- 10.5.2. South Africa Cell to Pack Battery Market
- 10.5.3. Rest of Middle East & Africa Cell to Pack Battery Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1 Company 1
- 11.1.2 Company 2
- 11.1.3 Company 3
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. BYD Motors Inc.
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
- 11.3.2. Market Strategies
- 11.3.3. LG Energy Solution Ltd.
- 11.3.4 Samsung SDI Co., Ltd.
- 11.3.5 Panasonic Industry Co., Ltd.
- 11.3.6 SK Innovation Co., Ltd.
- 11.3.6 Microvast Holdings, Inc.
- 11.3.7 Nissan Motor Co., Ltd.
- 11.3.8 Proterra Inc.
- 11.3.9 Amperex Technology Limited
- 11.3.10 NEC Corporation
- 10.3.11 Hitachi Chemical Co., Ltd.
- 10.3.12 EVE Energy Co., Ltd.
- 10.3.13 Murata Manufacturing Co., Ltd.
- 10.3.14 Sony Corporation
- 10.3.15 Toshiba Corporation

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes