Thermal batteries, also called molten salt batteries, thermally activate reserve batteries. The electrolyte is a non-conductive solid during storage. An electric ignition head or a firing needle mechanism is used to ignite the heating agent inside the electrolyte during use, and the electrolyte is melted to become an ion conductor and is activated. It is a primary storage battery that uses molten salt as an electrolyte and uses an automatic activation mechanism to ignite a heat source to melt and activate the electrolyte.
Market Analysis and Insights: Global Thermal Batteries Market
Due to the COVID-19 pandemic, the global Thermal Batteries market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Unencapsulated Thermal Batteries accounting for % of the Thermal Batteries global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Aerospace and Aviation segment is altered to an % CAGR throughout this forecast period.
China Thermal Batteries market size is valued at US$ million in 2021, while the US and Europe Thermal Batteries are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Thermal Batteries landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Thermal Batteries include Advanced Thermal Batteries, APS ASB India, DfR Solutions, Diehl Group, EaglePicher Technologies, EnergyNest, EnerSys, MISSILES and SPACE BATTERIES LTD and SINOEV Technologies, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Thermal Batteries capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Thermal Batteries by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Thermal Batteries Scope and Segment
Thermal Batteries market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Thermal Batteries market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Unencapsulated Thermal Batteries
Encapsulated Thermal Batteries
Phase Change Thermal Batteries
Others
Segment by Application
Aerospace and Aviation
Military and Defense
Automotive and Transportation
Others
By Company
Advanced Thermal Batteries
APS ASB India
DfR Solutions
Diehl Group
EaglePicher Technologies
EnergyNest
EnerSys
MISSILES and SPACE BATTERIES LTD
SINOEV Technologies
TÜBiTAK
Wuhan JOHO Technology
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE