The Composite EV Battery Enclosures Market was valued at US$ 0.8 billion in 2022 and registered exceptional growth in the wake of significant growth in EV sales. In the long run, Stratview Research projects that the Composite EV Battery Enclosure Market is expected to expand at an impressive CAGR of 23.5% during 2023-2030 to reach a value of US$ 5.0 billion.
EV battery enclosures, often referred to as cases, frames, boxes, or housings, serve the primary purpose of storing and protecting the battery cells from physical damage, preventing leaks, ensuring a tight seal against moisture, and preventing fire mishaps. Metals and composites are two common materials used for manufacturing EV battery enclosures.
Metal is the predominantly used material for manufacturing EV battery enclosures owing to its properties such as high strength, high melting point, durability, and also being a good conductor of heat. In recent years, composites have gained traction and are becoming preferable as they are lighter, corrosion-free, fire-resistant, and a good insulator.
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Release date: June 15,2023