Solid-state batteries, or SSBs, are produced in huge quantities using 3D-printed battery technology. The world is changing thanks to 3D printing, and technology is advancing quickly. It is already the foundation for the future generation of creative 3D-printed energy buildings, where batteries and super capacitors might be created in almost any design.
The market worth of 3D printed batteries will expand at a rapid 19.53% CAGR during the forecast period of 2020-20303. Regionally, North America ruled the regional market for the 3D printed battery.
According to market trends, the market for 3D printed batteries is increasing quickly due to rising consumer demand for electronic devices, wearable technology, and portable and flexible energy sources.
Market Dynamics
Drivers
- The primary driver of market expansion is the growing need for strong batteries for energy storage. Per the International Renewable Energy Agency, to achieve the target of about 45% of power output from renewable sources by 2030, the globe will need to install around 150 GW of battery storage.
- Additionally, the increased demand for wearable technology is considerably accelerating market growth. According to a study, about 830 million wearable gadgets will be worldwide in 2020. Consumers’ top choice, which accounts for over 52.21% of the global market, is a smartwatch. Additionally, there are already 119 million wristwatches and about 80 million shipments of basic wearables accessible globally.
Restraints
The 3D printed battery market is experiencing slow growth due to expensive equipment prices, a lack of international organizations to govern the manufacturers, and sensitivity to high temperatures (which can cause sputtering, electrodeposition, chemical vapor deposition, and atomic layer deposition).
Opportunity
Leading electronic companies are implementing 3D printing technologies to produce printed cells (microbattery) suitable for smart devices with a low volumetric expansion, high-rate capability, stability, and security, which is anticipated to boost the market in the upcoming years. A 3D battery printing business called Sakuu Corporation has made progress in developing its lithium-ion battery by obtaining an energy density of 800 Wh/L.
Market Segmentation
By application
On the basis of application, the 3D printed battery market is segmented into smartphones, wearables, and others.
The Wearables segment held the largest proportion of the market in 2020 as it is extensively employed in smartwatches and wearable power banks. According to a study, the number of wearable gadgets has doubled in the past three years, going from just under 325.88 million in 2016 to just over 722.47 million in 2019, and by 2023 it will exceed 1 billion.
By architectural process
On the basis of the architectural process, the market is segmented into platinum based electrodes, graphene based PLA filaments, graphene based Li-ion Anodes, and others.
The graphene based Li-ion anodes segment ruled the entire market with the largest share due to their superior durability & high conductivity compared to other non-specialized filaments when infused with graphene. The Global Graphene Market was worth USD 94.78 million in 2020 and will reach USD 1.53 billion by 2030 at a 32.11% CAGR.
By end-user
On the basis of end-user, the market is segmented into electronics, energy storage devices, and others.
The energy Storage Devices segment ruled the entire market in 2020. Since the energy is stored in capacitors and batteries, a wide range of applications, including electric vehicles, laptops, and mobile devices, can use energy storage devices, fueling this market’s overall expansion.
Regional Analysis
North America entirely ruled the regional market in 2020. This region’s market is expanding due to the rapid technological improvements in the electronics industry and the existence of major market leaders in 3D printing technologies. The University of Illinois and Harvard University have successfully printed lithium (Li)-ion micro batteries practically the size of a sand grain using 3D printing technology.
Batteries are likely to be used more frequently in the European Union due to Germany’s higher than average rate of electric car sales. In 2021, the number of electric passenger vehicle registrations in Germany climbed by approximately 83.77%, or close to 355,961 battery-electric vehicles, according to a research poll.
Key Players
- Solvay AG
- Stratasys Ltd
- KeraCel
- Neware
- Materialize NV
- GE Additive
- SLM Solutions
- 3D Systems
- Voxeljet
- HP Company
- EOS GmbH
- EXOne
- Envision Tec
- Blackstone Resources AG
The market worth of 3D printed batteries will expand at a rapid 19.53% CAGR during the forecast period of 2020-20303. The growing use of printed batteries made with cutting-edge methods like multi-layered stacks in various industrial applications, such as smart labels, temperature tags, wireless sensors, and other consumer electronics products, is driving the global 3D printed battery market.
