Prismatic Pouch Pack Market Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Application and Forecast 2020 - 2025
| Description | Table of Content | List of Tables | List of Figures |
The Prismatic Pouch Pack Market is witnessing strong growth across the globe. The Prismatic Pouch Pack Market is expected to reach USD 1.72 Billion by 2025 from USD 932.74 Million in 2019, at a CAGR of 9.01% from 2020 to 2025.
Key companies having a significant presence across the globe in this market. The faster adoption of the new technologies & techniques along with the constant research & development activities in new product development are drivers for the market growth offering varied solutions to end users according to changing demands. Similarly, the mass production techniques with automation have resulted in garnering a higher profit margin for key players. Globally, battery demand is mostly driven by automotive starter batteries, portable computers and cell phones, high-power applications like electric vehicles (EV), or storage for renewable energy rechargeable battery technology.
For over years the cost factor in producing the battery cells has made it clear that the cylindrical cells are cheaper to manufacture compared to prismatic/pouch cells. However, this trend is been changing over the last few years due to competition, and slowly the prismatic/pouch cell manufacturing cost is also getting cheaper making it the most popular battery cell type to be used in the new generation applications and products.
The Prismatic Pouch Pack Market by Offerings is segmented into Prismatic Cell and Pouch Cell. Amongst all offerings, Prismatic is estimated to grow at a CAGR of XX% in the forecasted period. For over years the cost factor in producing the battery cells has made it clear that the cylindrical cells are cheaper to manufacture compared to prismatic/pouch cells. However, this trend is been changing over the last few years due to competition, and slowly the prismatic/pouch cell manufacturing cost is also getting cheaper making it the most popular battery cell type to be used in the new generation applications and products. ed period and it holds the highest market share in 2019.
