Battery Enclosure Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Battery Enclosure

• Battery enclosure is a box designed to protect batteries from harsh weather conditions and battery mishaps. Battery enclosure can be designed for indoor or outdoor usage. It may also include room for electronics such as battery management systems.
• Battery enclosure is one of the vital components of off-grid systems. These enclosures protect batteries from rough environment conditions and other adverse impacts that may damage the batteries. They also help maintain temperature.
• Battery enclosure is selected depending upon the application and requirements. Features and functions of these enclosures differ depending on the location and needs of the system.
• Battery enclosures are widely used in the renewable energy sector to provide batteries with proper protection. They also help lower external impacts.
• The quality of protection offered by battery enclosures is measured by two common methods: ingress protection (IP) rating and the National Electric Manufacturers Association’s (NEMA) rating

Key Drivers of Global Battery Enclosure Market

• Demand for battery enclosures has been increasing across the globe owing to high production of electric vehicles and rise in investment in renewable energy
• Demand for battery enclosures is anticipated to rise in the marine sector in order to extend the battery life, and reduce sulfation issues and corrosion related issues

Key Development

• In 2019, Novelis Aluminum developed the world’s first aluminum sheet battery enclosure. The enclosure is built with Novelis Advanz aluminum products and is up to 50% lighter than an equivalent steel design at substantially lower weight. The enclosure accommodates all types of battery cells and is designed particularly for battery electric vehicles with larger power packs such as pick-up trucks, sport utility vehicles, and crossovers.

Europe Expected to Hold Major Share of Global Battery Enclosure Market

• Based on region, the global battery enclosure market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Europe is anticipated to dominate the global battery enclosure market during the forecast period, as the region has large installed base of renewable energy and electric vehicles. Rise in stringent environmental norms is also anticipated to boost the demand for batteries in power storage applications.
• North America is projected to account for vital share of the global battery enclosure market, owing to the presence of large number of EVs and smart devices in the region
• Asia Pacific is estimated to be a highly attractive region of the global battery enclosure market during the forecast period. Increase in investments in the renewable sector is likely to boost the demand for batteries in energy storage systems. Countries in Asia Pacific such as China, Japan, and India are shifting to electric vehicles in order to reduce the pollution levels. Demand for consumer electronics and smart devices has been increasing in these countries. This is also expected to boost the battery enclosure market in Asia Pacific.
• The battery enclosure market in Middle East & Africa and Latin America is estimated to expand at a healthy pace during the forecast period, owing to the rising investments in the renewable energy sector in these regions

Key Players Operating in the Market

Leading players operating in the global battery enclosure market include:

• Koley Solar Electricals and Mechanicals.
• Bison Profab.
• Giant Reinforced Plastic Industries
• Hudson Technologies.
• Ameresco Solar
• Storage Battery Systems, LLC
• KDM Steel
• KMK METAL FABRICATORS, INC.
• Mier Products, Inc.

Global Battery Enclosure Market: Research Scope

Global Battery Enclosure Market, by Material Type

• Stainless Steel
• Fiberglass
• Plastic
• Aluminum
• Others

Global Battery Enclosure Market, by Application             

• Indoors
• Outdoors

Global Battery Enclosure Market, by Installation

• Free Standing
• Portable
• Wall/Pole Mounted

Global Battery Enclosure Market, by Battery Type

• Absorbent Glass Mat
• Nickel Cadmium
• Lead Acid
• Others

Global Battery Enclosure Market, by End-use Industry

• Oil & Gas
• Automotive
• Marine
• Renewable
• Chemical
• Petrochemicals
• Food & Beverages
• Mining
• Others

Global Battery Enclosure Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Australia
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Venezuela
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Nigeria
  • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.