Before the emergence of power electricity in CTP technology, the manufacture of battery packs was divided into three steps of “Cell-Module-Pack”. The cells were assembled into modules and then packed into battery packs. The existence of modules is to improve the efficiency of packaging cells into battery packs and facilitate maintenance. However, with the increase in the amount of electricity carried by automobiles, the number of standardized batteries is also increasing, and the number of modules is also increasing. This increases the number of components, resulting in an increase in weight and cost and a decrease in space utilization.
CTP technology reduces the burden on the battery pack by reducing or even giving up the use of modules. The full name of CTP is “Cell to Pack”, which skips the standard module link and directly integrates the battery cells on the battery pack, which effectively improves the space utilization and energy density of the battery pack.
Request a Sample Copy or Connect for Further Details: https://www.themarketreports.com/report/ask-your-query/1736912
CTP battery trays present a trend of replacing traditional trays. Compared with traditional trays, CTP technology can reduce the manufacturing cost of power batteries. At present, the penetration rate of CTP trays is about 10-15%. The main adopters of CTP technology are BYD and CATL. It is expected that the follow-up will develop rapidly and is expected to occupy the market. In terms of value, CTP battery trays are about 100% higher than traditional trays.
Global CTP Battery Tray market is projected to reach US$ 10200 million in 2029, increasing from US$ 813 million in 2022, with the CAGR of 41.8% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole CTP Battery Tray market research.
The key manufacturers of CTP Battery Tray are concentrated in China, include Guangdong Hoshion Aluminium Co.,Ltd, Huada Automotive Technology, Minth Group, Huayu Automotive Systems, Ling Yun Industrial Corp Ltd, and Lucky Harvest, etc.
Guangdong Hoshion Aluminium Co.,Ltd. and Huada Automotive Technology each hold about 30% of the market share.
China is the world’s largest market, with about 97% of the market. It is expected that the market in North America, Europe and other regions will further expand in the future, while China will maintain the largest market share.
In terms of products, CTP battery tray is mainly divided into aluminum battery tray and steel battery tray. At present, the market is mainly made of aluminum battery tray, and steel battery tray is expected to be further developed.
In terms of application, pure electric vehicle and hybrid electric vehicles are the main downstream markets. Pure electric vehicle account for about 80%. It is expected that the application of the product in the hybrid electric vehicle industry will increase and gradually reach the level of pure electric vehicle.
Scope of CTP Battery Tray Market Report:
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Attention Deficit Hyperactivity Disorder (ADHD) Treatment market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Find more details about this report at: https://www.themarketreports.com/report/global-ctp-battery-tray-market-research-report
Segment by Type:
- Aluminum Battery Trays
- Steel Battery Trays
Segment by Application:
- Pure Electric Vehicle
- Hybrid Vehicle
Production by Region:
- China
Leading Key Players of CTP Battery Tray Market:
- Guangdong Hoshion Aluminium Co.,Ltd
- Huada Automotive Technology
- Minth Group
- Huayu Automotive Systems
- Ling Yun Industrial Corp Ltd
- Lucky Harvest
For In-Depth Competitive Analysis, Purchase this Report: https://www.themarketreports.com/report/buy-now/1736912
The CTP Battery Tray report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
About US:
At ‘The Market Reports’, we are a trusted market research firm dedicated to empowering businesses with valuable insights and data to drive their success. We offer a wide range of comprehensive market research reports to meet the unique needs of each client. From market analysis and competitive intelligence to consumer behaviour and trend forecasting, we provide the critical information necessary to make informed decisions and stay ahead of the competition. Our goal is to empower our clients with the knowledge they need to drive growth, make strategic investments, and seize new opportunities.
Contact US:
The Market Reports
Contact Person: Shirish Gupta
Phone: +1-631-407-1315 / +91-750-729-1479
Email Id: [email protected]
Add: SF-29, Sacred World, Wanawadi, Pune, 411040 (India)