Global 3D Printed Battery Market Research Report: By Product Type (Solid State Batteries, Liquid-Electrolyte Batteries), By Architectural Process (Graphene based PLA Filaments, Graphene based Li-ion Anodes, Platinum based Electrodes), By Application (Electric vehicles, Consumer Electronics, Energy Storage and Others) and By Region (North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
Global 3D printed battery market is predicted to reach approximately USD 450 million by 2031, at a CAGR of 17.30% from 2023 to 2031. The global 3D printed battery market refers to the market for 3D printing technology with its ability to produce geometrically complex shape or configuration designs and high-aspect-ratio 3D architectures. Because of this technological superiority, 3D printed batteries have excellent characteristics such as customizable dimensions, high shape conformability, and higher areal energy densities and power densities. To improve the performance of 3D-printed batteries and realize their full technological potential, it is necessary to thoroughly understand the 3D printing designs in terms of materials, structures, and devices. The market is driven by increasing demand for powerful batteries for energy storage and growth in electronics industry.
Global 3D printed battery market report scope and segmentation.
|
Report Attribute |
Details |
|
Estimated Market Value (2022) |
USD 91 million |
|
Projected Market Value (2031) |
USD 450 million |
|
Base Year |
2022 |
|
Forecast Years |
2023 – 2031 |
|
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Product Type, By Architectural Process, By Application & By Region. |
|
Segments Covered |
By Product Type, By Architectural Process, By Application & By Region. |
|
Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
|
Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031. |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others. |
|
Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis. |
|
Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global 3D printed battery market dynamics
The market dynamics of 3D printed battery are influenced by several factors. The increasing demand for powerful batteries for energy storage and growth in electronics industry drive market growth. However, sensitivity to high temperature acts as restraints. Opportunities arise from the solid state 3D printed batteries. The market is in early stages of development and the nature of competition is expected to intensify in the coming years, with various companies striving to gain a competitive edge through innovation and customer-centric offerings. As the market evolves and consumer demand continues to rise, the dynamics of the global 3D printed batter market are expected to remain dynamic and highly competitive.
Global 3D printed battery market drivers
The global 3D printed battery market is being driven by the increasing demand for powerful batteries for energy storage. The data centre industry is growing rapidly and requires a lot of energy. The energy storage systems can be used to reduce the energy cost of data centres and to improve their reliability. The renewable energy sources such as solar and wind power are intermittent and do not produce electricity all the time. Energy storage systems can be used to store excess energy from renewable energy sources to be used when required. As the demand for powerful batteries increases for energy storage systems the global 3D printed battery market is expected to grow during the forecast period.
The global 3D printed battery market is being fuelled by the growth in the electronics industry. The increasing demands for consumer electronics such as smartphones laptops, smart watches etc are exploring the use of 3D printed batteries in their devices to provide more energy density with faster charging times. 3D printed batteries are also used in internet of things (IOT) devices such as sensors and actuators that can help the battery life of IOT devices and reduce the need for maintenance. Thus, the growth in the electronics industry is expected to drive the global 3D printed battery market during the forecast period.
Restraints
The global 3D printed battery market faces a restraint in the form of sensitivity to high temperature. 3D printed batteries are made from plastic materials which are susceptible to melting and deformation at high temperatures that can lead to safety hazards such as battery fires and explosions. Hence, sensitivity to high temperature act as major restraints in the global 3D printed battery market during the forecast period.
Opportunities
The global 3D printed battery market presents significant opportunities driven by the high demand for solid state 3D printed batteries. Solid state batteries can store more energy than lithium-ion batteries as a result they last longer and provide more power. Solid state batteries can charge much faster than lithium-ion batteries and are less likely to catch fire or explode than lithium-ion batteries. Thus, with the increasing demand for consumer electronics and powerful batteries for energy storage the demand for solid state 3D printed batteries is expected to drive the global 3D printed battery market during the forecast period.
Segment Overview
By product type
The market for 3D printed battery markets is segmented based on product type into two categories: solid state batteries, liquid-electrolyte batteries. Solid state battery is expected to dominate the market due to the increasing demand for high-performance batteries in applications such as electric vehicles, consumer electronics and energy storage. Solid-state batteries are the most promising type of 3D printed battery because they provide several advantages over typical lithium-ion batteries, such as increased energy density, longer cycle life, and improved safety. Liquid-electrolyte 3D printed batteries are less developed than solid-state 3D printed batteries, but they are easier to produce. This segmentation allows consumers to choose the product type that best suits their specific needs, preferences, and budgetary constraints.
By architectural process
The 3D printed battery market is categorized based on architectural process such as Graphene based PLA Filaments, Graphene based Li-ion Anodes, and Platinum based Electrodes. Graphene based PLA Filaments is expected to dominate the market due to its strong and light weight material. The most common type of 3D printed battery architectural process uses graphene-based PLA filaments. Graphene is a strong and lightweight material that can be utilized to make battery electrodes. PLA is a biodegradable plastic that is used in 3D printing. Graphene-based PLA filaments are economical and simple to print, making them an excellent choice for a wide range of 3D printed battery applications. Graphene-based Li-ion anodes are another intriguing form of 3D printed battery architecture technology. Graphene can be utilized to build anodes for lithium-ion batteries that have a better energy density than standard anodes. This makes graphene-based Li-ion batteries excellent for applications that demand high energy density, such as electric automobiles and consumer gadgets. Platinum-based electrodes are utilized in some 3D printed batteries to improve battery performance. Platinum is a catalyst that can aid in increasing the rate at which lithium ions are transported between the electrodes. This can increase the power density and cycle life of the battery. This segmentation allows consumers to choose the architectural process that aligns with their specific needs and preferences.
By application
The 3D printed battery market is segmented based on application into electric vehicles, consumer electronics, energy storage and others. Electric vehicles are expected to dominate the market due to the increased demand for electric vehicles and high-performance batteries for electric vehicles. 3D printed batteries for electric vehicles have several advantages over typical lithium-ion batteries, including increased energy density, less weight, and better operation in harsh temperatures. Consumer electronics is growing at a significant rate due to the rising popularity of consumer electronics products such as smartphones, laptop computers, and wearable devices. 3D printed batteries have the advantage of being custom-designed to meet the precise needs of a certain gadget. Energy storage is expected to grow at a significant rate due to growing demand for energy storage devices to store energy from renewable sources such as solar and wind power. 3D printed batteries have the advantage of being scalable to match the specific needs of an energy storage application. The others segment includes the healthcare, aerospace and defence, military and industrial. This market segmentation enables tailored solutions for various applications, catering to specific need and preferences.
Global 3D printed battery market overview by region.
North America
North America currently dominates the 3D printed battery market, and this dominance is expected to continue in the future. This is due to the region's early adoption of 3D printing technology, as well as the existence of a number of prominent competitors in the 3D printed battery market in North America. As the demand for 3D printed battery market continues to rise, North America is projected to maintain its leading position in the market in the coming years.
Asia Pacific
Asia Pacific is experiencing significant growth in the 3D printed battery market, with a significant compound annual growth rate (CAGR). This is due to the region rapid growth in the consumer electronics market and rising demand for energy storage systems. With the continuous advancements in 3D printed battery market technology and the rising demand for energy storage systems in the region, Asia Pacific is expected to witness a substantial CAGR in the coming years.
Global 3D printed battery market competitive landscape
The competitive landscape of the global 3D printed battery market is marked by a wide array of players competing for market dominance. Several key players have introduced high-energy-density and lightweight 3D printed batteries due to the increasing demand from EVs and consumer electronics. Additionally, various other manufacturers are actively contributing to the market with their unique offerings. The competition is fierce, with companies continually striving to gain an edge through technological innovations, customer-centric features, and expanding their product ranges. As consumer demand for 3D printed battery continues to grow, the market is anticipated to witness even more intense competition among these players. The major players in the market are, Sakuu Corporation, Blackstone Resources AG, KeraCel, Neware, Solvay AG, Stratasys Ltd, Materialize NV, 3D Systems, EOS GmbH, GE Additive, SLM Solutions, EXOne, Voxeljet, HP Company, Envision Tec, Blackstone Resources AG.
Global 3D printed battery market recent developments
October 2023,
A grant of $393,000 has been awarded to Youngstown State University's Chemical Engineering program by NASA's Marshall Space Flight Center for a project focused on the creation of 3D printed batteries.
April 2023,
Sakuu Corporation, a start-up located in Silicon Valley and specializing in 3D-printed battery technology, has announced a partnership with Livent Corporation, a producer of lithium, to create a printable lithium formulation called LIOVIX. This product can be utilized in both pre-lithiation processes and the production of lithium metal anodes.
Scope of Global 3D printed battery market report
Global 3D printed battery market report segmentation
|
ATTRIBUTE |
DETAILS |
|
By Product Type |
|
|
By Architectural Process |
|
|
By Application |
|
|
By Geography |
|
|
Customization Scope |
|
|
Pricing |
|
Objectives of the study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for global 3D printed battery market segmented by product type, by architectural process, by application and by region. Also to understand the consumption/demand created by consumers between 2023 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for global 3D printed battery market
To find out the factors which are affecting the market of global 3D printed battery market among consumers.
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
