Battery pack components are gaining importance in the fast-growing battery pack market, reaching US$65.7 billion by 2021. Cost decrease and performance improvements will directly impact the market and contribute to a larger adoption in many applications. Many companies have identified this potential and focused their R&D efforts on the development of disruptive technologies for Li-ion battery packs. Whereas battery cells become a sort of “standard” products, companies are developing new solutions for battery pack components in order to ensure the increase of their margins: the added-value in batteries spreads from battery cells to battery pack components.
Yole Développement (Yole) pursues its exploration of the battery world and releases this year a new report dedicated to the stationary batteries and plug-in HEV & BEV solutions. “Stationary storage & Automotive Li-ion battery packs” report demonstrates the strong consistently-growing potential for power electronics players in the energy storage business based on Li-ion battery technologies. Yole’s team analyzes market opportunities, supply chain technologies’ evolution and latest innovations for battery pack elements. This technology & market analysis is covering a large variety of different products and technology solutions used in battery packs elements.
The battery pack is the key element of battery storage systems. Such systems are used for clean mobility in hybrid electric vehicles and battery electric vehicles, and are crucial for the further deployment of intermittent renewable energy sources like wind and photovoltaics. Also, battery storage solutions are increasingly used in buildings and for electrical grid stabilization. Demand for battery packs in these applications is growing rapidly and 2015 – 2021 CAGR for pack components will reach 47.4%, according to Yole’s stationary storage & automotive Li-ion battery pack report.