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Farmington, January 31, 2023 (GLOBE NEWSWIRE) — global Battery manufacturing equipment market It will be valued at USD 3.42 billion in 2022 and is projected to reach about USD 30.84 billion by 2030, growing at a CAGR of 31.63% from 2023 to 2030.. Global demand for lithium-ion batteries is increasing for a variety of reasons, including the popularity of electric vehicles and the growth of the energy storage industry. To meet the growing demand, battery manufacturers are devoting significant resources to developing green cell technology and expanding manufacturing capacity.
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As a result, the number of companies specializing in the production of batteries is growing rapidly around the world. In addition, automakers are expanding their production capacity to meet the rapidly growing demand for electric vehicles (EVs), and to ensure a sufficient supply of lithium-ion batteries for electric vehicles (EVs), battery manufacturers are is partnered with
Battery manufacturing equipment market Recent developments:
- Samsung, along with other competitors such as Panasonic, is seen entering the market from battery manufacturing to end-user use of devices.
- M&A and JV are different strategies companies adopt to maintain a stable position in the market. An increase in research and development is seen in order to increase production according to market demand.
- September 2022, Durr Group, Manz AG and GROB-WERKE GmbH & Co.KG have entered into a strategic partnership. Through this approach, the two companies will jointly acquire and execute projects related to battery production equipment.
- May 2022, Shenzhen Yinghe Technology Co., Ltd. announced the launch of a new set of integrated machines that save time and money and speed up processes such as cutting and laminating. The integrated set of machines also increases the production capacity of the battery production line.
Battery manufacturing equipment market Segmentation analysis:
The market for lithium-ion batteries is continuously expanding due to the increasing dominance of electric vehicles in the automotive industry. Companies and industries will increasingly use lead-acid batteries in the near future. The industry is experiencing an influx of competitors due to the profitability of previous models. Demand for these batteries is increasing as the need for a consistent power source to power electronic devices increases.
In response to the growing popularity of electric vehicles, the automotive battery market is reaching new heights due to extensive demand and supply chains. With so many types of vehicles on the market, there is a need for different types of industry-manufactured batteries, depending on the expected power output of the product. Global industrialization has benefited the industrial battery industry.
Regional Outlook:
Asia-Pacific is the most developed market for battery manufacturing equipment as a result of high demand for electric vehicles driven by recent market introduction and rising fuel costs. This is the situation with the recent market launch of electric vehicles.
The North American market is set to expand next due to the huge demand for electronics and products related to the country’s rapidly advancing technology. This is due to the fact that the North American market is in the next stage of market expansion.
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Report scope:
| report attribute | detail |
| growth rate | 31.63% From 2023 to 2030 |
| Market size in 2022 | U.S. dollar 3.42 billion |
| Revenue projections to 2030 | US$30.84 billion |
| By type | Lead acid, lithium ion, nickel metal hydride, nickel cadmium, etc. |
| by application | Automotive batteries, industrial batteries, portable batteries |
| by company | Duracell, Johnson Controls, NEC Corporation, GS Yuasa International, BYD Company, A123 Systems LLC, Hitachi Chemical Co., Ltd., Panasonic Corporation, Samsung SDI Co., Toshiba Corporation, LG Chem, Contemporary Amperex Technology, Saft, Sony Corporation, Eveready Industry, Others |
| base year | 2022 |
| history year | 2017-2021 |
| Forecast year | 2023-2030 |
Market drivers:
The countries with the largest established production bases for lithium-ion batteries are China, Japan and South Korea. However, other regions such as Europe and North America are looking to reduce their battery reliance on the Asia-Pacific region. Europe, as a car manufacturing powerhouse, is calling on car battery makers to set up factories in the region. According to an article published by PV Magazine in February 2022, the region is transforming into a vital hub for battery manufacturing, with plans to build 35 gigafactories.
Market constraints:
Due to the increase in battery applications, battery manufacturing equipment is expected to be in great demand in the coming years. To meet the growing demand for batteries, there is a need to build new battery manufacturing facilities around the world. Nevertheless, the cost of developing equipment for battery manufacturing machinery is rather high, requiring large capital investments. Mixing, coating, calendering, slitting, electrolyte filling, assembly, etc. are performed by various machines included in the battery manufacturing equipment.
Market Opportunity:
The components of a battery energy storage system are battery packs and modules. The technology stores energy from renewable sources such as solar panels, wind, and the grid, and releases it on demand to generate electricity or perform other grid-related tasks. Energy storage batteries are used during periods of low peak demand to store excess energy to supply end users during periods of peak demand. Energy storage batteries are widely used around the world, especially in the United States, Canada, Germany, France, China, India, and other notable economies.
The major segments of Battery Manufacturing Equipment market are:
Top Market Players:
Duracell, Johnson Controls, NEC Corporation, GS Yuasa International, BYD Company, A123 Systems LLC, Hitachi Chemical Co., Ltd., Panasonic Corporation, Samsung SDI Co., Toshiba Corporation, LG Chem, Contemporary Amperex Technology, Saft, Sony Corporation, Everready Industries, and others.
By type
- lead acid
- lithium ion
- nickel metal hydride
- nickel cadmium
- others
by application
- car battery
- industrial battery
- portable battery
Regions and countries covered
- North America: (United States, Canada, Mexico, rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic countries, Benelux, rest of Europe)
- Asia Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)
- Middle East and Africa: (Saudi Arabia, United Arab Emirates, Egypt, South Africa, rest of the Middle East and Africa)
- latin america: (Brazil, Argentina, Rest of Latin America)
- rest of the world
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