Self-heating Battery Market To Witness Increase In Revenues By 2021-2031

 

Self-heating Battery Market: Introduction

• Self-heating batteries use nickel foil in which one end is attached to the negative terminal and the other extends to outside of the cell for the third terminal. Along with a switch, a temperature sensor is attached, which causes the electrons to pass from the nickel foil and complete the circuit. This process heats up the nickel foil and warms the inside of a battery. When the temperature is above room temperature, the switch opens and electric current passes into the battery to charge it.

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• The self-heating mechanism of a battery creates an electromechanical interface which is favorable for high discharge/charge power. However, conventional batteries at low temperature suffers severe power loss, which leads to slow charging.
• Self-heating batteries have wide range of applications such as in electric vehicles, outdoor robots, drones, and space applications. Among these applications, the self-heating battery is mostly used in electric vehicles as it helps the electric vehicle function smoothly in low temperatures.

Increasing demand for self-heating batteries for electric vehicles

• Increasing adoption of electric vehicles and awareness across the world is largely due to governments taking initiatives, and regulations in support of adoption of electric vehicles. This is consequently increasing the demand for self-heating Li-ion batteries.
• These self-heating batteries can help the owners of electric vehicles to operate their vehicles at very low temperatures as the batteries can be charged independent of outside temperatures. Hence, this factor is driving the growth of the market.

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Maximum Growth to be observed in the Asia Pacific Market

• In terms of region, the global self-heating battery market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• The self-heating battery market in Asia Pacific is anticipated to expand at the maximum CAGR during the forecast period.
• This growth is attributed to a wide range of applications in industries such as automobile, aerospace and defense, and consumer electronics, adoption of electric vehicles in countries such as Japan, Taiwan, and China, increasing awareness about electric vehicles, and government initiatives. Thus, these factors are expected to increase the demand for self-heating battery products.
• The self-heating battery market in North America and Europe is also likely to witness high growth rate due to increasing competition among players, high rate of adoption of electric vehicles, and focus on cost of production. The market in Middle East & Africa is expected to show slow growth rate.

Key Players in the Global Market

The global self-heating battery market is highly concentrated. Prominent players operating in the global market are focusing on the development of self-heating batteries to meet the growing demand.

Key players involved in development of self-heating batteries include:

• Toshiba
• Northvolt
• Sila Nanotechnologies
• Others

Global Self-heating Battery Market: Research Scope

Global Self-heating Battery Market, by Application

• Automotive
• Consumer Electronics
• Industrial
• Energy and Power
• Others

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