openPR Logo
Press release

The Electric Vehicle Boom: A Global Paradigm Shift in Transportation

Stringent emissions regulations have shifted the global focus on electric vehicles, resulted in an exponential growth of these vehicles in recent years. According to IEA publication, though car sales dropped by ~16% during the pandemic, electric vehicle sales increased by 41%. According to IEA, number of on-road electric cars by the end of 2021 was about 16.5 million globally, three times the number of EVs in 2018. As per latest Global EV Outlook, electric vehicle sales, including BEVs & PHEVs, doubled in 2021. Further, electric bus sale (9-12 M) have also shown good demand & crossed to ~58,403 units in 2022 and expected to reach ~172,695 units by 2030 (MarketsandMarkets Analysis).

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=249749128

"Advent of Cell-to-Pack battery technology"

Major EV battery manufacturers like CATL, LG Energy Solution, BYD, Sunwoda Electronic etc. are investing in developing new battery technologies. The recent innovation is Cell-to-Pack (CTP) technology, which eliminates need for modules to house cells in the battery pack; gaining traction as it reduces the pack's dead weight and improves the battery's energy density. It also offer advantages like weight & cost reduction, higher energy density, fast charging, improved thermal management system, and less manufacturing complexity. This technology can lead to a 20-30% increase in volume utilization of battery packs and achieve a 10-15% cost reduction with 50% production efficiency.

"Few Recent Innovations include Blade, Qilin & LiSER Battery Technology"

CATL, BYD, Tesla, C4V, LG, and Pansonic are early birds in developing these CTP battery packs. In June 2022, CATL unveiled its Qilin Battery, third-generation Cell-to-Pack technology, delivering range of 1,000 km with energy density of up to 255 Wh/kg. In January 2022, C4V launched LiSER Battery Technology, a form of cell-to-pack battery type. It is a cobalt and nickel-free lithium-ion cell technology with 40-50% higher energy density. It provides volumetric cell to pack (VCTP) of 82% and gravimetric cell to pack (GCTP) of 83% capacity. In March 2020, BYD patented its cell-to-pack battery technology named "Blade Battery" Technology. In addition, LG Energy Solution intends mass production of module-less battery packs by 2025.

Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=249749128

"Asian OEMs dominates in Cell to Pack Technology Adoption"

Asia Pacific is the largest market for cell-to-pack batteries in the present scenario, with a dominance of China, contributing >90% of the passenger car segment. China is home to major battery suppliers such as Sunwoda Electric who are suppliers to key OEMs such as Tesla, BYD Company Ltd, Xpeng, and Nio among others. The positive responses in the domestic market would encourage other OEMs to adopt cell-to-pack batteries in newer models.

"Conclusion"

Manufacturers started adding features to their products on the production line to keep up with customer demands. With new advancements in electric vehicle battery platforms, automakers and manufacturers have gone a step ahead with battery cell packs to be directly mounted in the vehicle body/chassis. Cell-to-pack batteries are yet to be fully commercialized and waiting for mass acceptance. However, considering the recent developments, this battery technology would be widely accepted globally. Thus, introducing new technology for improving electric vehicle performance would act as catalytic factor for more technological advancements in EV battery technologies.

View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/cell-to-pack-battery-market-249749128.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

One stop solution for all Market Research & Consulting needs.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Electric Vehicle Boom: A Global Paradigm Shift in Transportation here

News-ID: 3272305 • Views:

More Releases from MarketsandMarkets™ INC.

Automotive Camera Market Size, Share, Trends & Forecast Report, 2028
Automotive Camera Market Size, Share, Trends & Forecast Report, 2028
The automotive camera market worldwide size was valued at USD 8.0 billion in 2023 and is expected to reach USD 13.9 billion by 2028, at a CAGR of 11.7% during the forecast period. The cameras are used as advanced safety devices for enhancing the visibility of the surrounding environment to improve vehicle safety. The growing demand for Advanced Driver Assist Systems (ADAS) in developed and developing nations is attributed to
Automotive Software Market Size, Share, Forecast, Report, 2030
Automotive Software Market Size, Share, Forecast, Report, 2030
According to a research report "Automotive Software Market by ICE Application (ADAS, Autonomous Driving, Infotainment, Body Control & Comfort, Telematics), Software Layer (OS, Middleware, Application), Vehicle Type (PCs, LCVs, HCVs), EV Application & Region - Global Forecast to 2030" published by MarketsandMarkets, the global automotive software market size is projected to grow from USD 19.0 billion in 2023 to USD 32.3 billion by 2030, at a CAGR of 7.8%. The
Future of Hydrogen in Automotive Market worth 353 Thousand Units by 2035
Future of Hydrogen in Automotive Market worth 353 Thousand Units by 2035
According to a research report "Future of Hydrogen in Automotive Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, Bus, and Truck), Propulsion Type (FCEV, FCHEV, and H2-ICEV), H2 Refueling Points (Asia Pacific, Europe, and North America) and Region - Global Forecast 2035" published by MarketsandMarkets, the Future of hydrogen in automotive market size is projected to grow from an estimated 23 thousand units in 2024 to 353 thousand units
EV Charging Station Market Size, Share, Trends & Analysis by 2030
EV Charging Station Market Size, Share, Trends & Analysis by 2030
According to a research report "EV Charging Station Market by Application, Level of Charging, Charging Point, Charging Infrastructure, Operation, DC Fast Charging, Charge Point Operator, Connection Phase, Service, Installation and Region - Global Forecast to 2030" published by MarketsandMarkets, the global EV Charging Station Market is projected to grow from USD 7.3 billion in 2024 to USD 12.1 billion by 2030, at a CAGR of 8.8%. Factors such as rising EV

All 5 Releases


More Releases for Cell

Global GMP Cell Banking Market By Type - Mammalian Cell, Microbial Cell, Insect …
Researchmoz added Most up-to-date research on "Global GMP Cell Banking Market By Type - Mammalian Cell, Microbial Cell, Insect Cell and Others" to its huge collection of research reports. This report researches the worldwide GMP Cell Banking market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global GMP Cell Banking breakdown data by manufacturers, region, type
Cell Culture Market Size, Cell Culture Market Share, Cell Culture Market Trends …
According to a new research published by Polaris Market Research the global cell culture market is anticipated to reach more than USD 49 billion by 2026. Cell culture is a rapidly emerging as an implement for analyzing and treating various disease such as Alzheimer’s and cancer. Request for Sample of This Research Report @ https://bit.ly/2D7pZ5u Top Key Players: - Becton, Dickinson and Company Biospherix EMD Millipore Eppendorf AG Merck KGaA Sartorius AG VWR International Cell culture is a rapidly emerging
Cell Banking Outsourcing Market Report 2018: Segmentation by Type of Bank (Maste …
Global Cell Banking Outsourcing market research report provides company profile for Charles River Laboratories, Cryo-Cell International Inc., BioOutsource (Part of Sartorious Stedim Biotech Group)Ltd., BioReliance Corporation, BSL Bioservice Scientific Laboratories Munich GmbH, Cleancells, CordLife Group Ltd and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY
Load Cell Market Key Player Analysis By Single Point Load Cell, Compression Load …
The Load Cell Report consists of all the basic information regarding the Load Cell market. The all-inclusive report will aid users to understand the market current trends, industry growth drivers, share, analysis, size, production, forecast trends, supply, sales, demands, and many other aspects. The analysis was accomplished using an objective amalgamation of primary and secondary data including contributions from major participants in the market. The global Load Cell report is
Global Stem Cell Storage Market By Product Type - Umbilical Cord Blood Stem Cell …
Researchmoz added Most up-to-date research on "Global Stem Cell Storage Market By Product Type - Umbilical Cord Blood Stem Cell, Embryonic Stem Cell & Adult Stem Cell" to its huge collection of research reports. In this report, the global Stem Cell Storage market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between
Stem Cell Media Sales In Global Market, 2017: By Product Type - Pluripotent Stem …
Researchmoz added Most up-to-date research on "Stem Cell Media Sales In Global Market, 2017: By Product Type - Pluripotent Stem Cell Culture, Neural Stem Cell Culture & Mesenchymal Stem Cell Culture" to its huge collection of research reports. In this report, the global Stem Cell Media market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a