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Explosion Proof Batteries: Innovation & Market

The recent cases of electric scooters catching fire have raised safety concerns. Sales of electric scooters have surged in the last few years, but the spate of fire incidents has cast a shadow on the promising industry. Exploding smartphones are not very common these days, yet news about them tends to appear from time to time. Batteries play important role in all electronic devices. In case of electric vehicles, they are the largest, most expensive, and important components. Unfortunately, batteries are susceptible to explode under unfavorable conditions. As a result, governments across the world are planning to introduce new quality standards for batteries used in EVs. Industry players are also reportedly working on the improvement of tech and batteries.

This report examines the global market, innovation, & patent filing trends targeted to fire/explosion proof batteries. Some of the prominent patent assignees include LG Energy, Samsung, Panasonic, CATL, BYD Co. Ltd, Robert Bosch, Mitsubishi, Sumitomo Electric, Hitachi, SK Innovation, Sony, Exide, Toshiba, Varta, GS Yuasa, Duracell, Johnson Controls, and Saft.

Several Startups such as Faradion, NOHMs, LithiumWerks, Log9, Cadenza Innovation, Gridtential, Ion Storage Systems, Zelos, COnovate are also working towards manufacturing safer batteries. Global battery market is estimated to grow to USD 173 billion globally by 2026 with a CAGR of 10.3%.

Read the report here:

Explosion Proof Batteries
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