Soft Pack Lithium Battery Market Set to Surge - Key Insights You Must Know

Soft Pack Lithium Battery Market

The global market for Soft Pack Lithium Battery was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-8P14551/Global_Soft_Pack_Lithium_Battery_Market_Research_Report_2023

China"s policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of China"s new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%. Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, China"s lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.

Soft Pack Lithium Battery Market Trends

Transportation Safety Standards and Certification

Aviation safety authorities are developing specific requirements for soft pack batteries in passenger and cargo aircraft. Automotive safety regulations are establishing crashworthiness standards that favor flexible battery architectures. Marine classification societies are creating guidelines for soft pack battery installations in vessels. Consumer product safety commissions are updating standards to address soft pack battery characteristics.

Strategic Market Drivers

Form Factor Advantages and Design Flexibility

Consumer electronics manufacturers are leveraging soft pack geometries to create thinner, lighter product designs. Wearable device categories require conformable battery shapes that traditional rigid formats cannot accommodate. Space-constrained applications benefit from soft pack efficiency in volumetric energy density. Custom shape requirements in specialty applications are more economically addressed with soft pack manufacturing processes.

Weight-Sensitive Applications

Aerospace and drone applications prioritize weight reduction, making soft pack batteries particularly attractive. Portable medical devices benefit from weight savings that improve patient comfort and device wearability. Sports and fitness equipment manufacturers select soft packs to minimize performance impact. Premium consumer electronics differentiate through lightness enabled by soft pack battery integration.

Manufacturing and Supply Chain Dynamics

Production process advantages for soft pack formats enable faster scaling of manufacturing capacity. Material cost structures for soft pack designs offer advantages in certain application categories. Automation compatibility of soft pack production lines is advancing rapidly. Supply chain simplification results from reduced component count relative to rigid battery formats.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Soft Pack Lithium Battery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Soft Pack Lithium Battery.

The Soft Pack Lithium Battery market size, estimations, and forecasts are provided in terms of output/shipments (MWh) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Soft Pack Lithium Battery market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Soft Pack Lithium Battery manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Type
• Square Soft Pack Lithium Battery
• Cylindrical Soft Pack Lithium Battery

By Application
• All-In-One Appliances
• Emerging Electronic Product

Key Companies
LG Energy Solution, Envision AESC, COSMX, Farasis Energy, JEVE, CATL, EVE, Do-Fluoride New Materials, A123 Systems, Soundon New Energy, Great Power, Guangdong Teamgiant New Energy Technology, Ganfeng Lithium Group, Guangzhou Battsys, Shenzhen Grepow Battery

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-8P14551/global-soft-pack-lithium-battery

Email Id:
Please reach us at sales@valuates.com

Address:
Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

This release was published on openPR.