The Battery Manufacturing Equipment Global Market Report 2023, provides comprehensive information on the battery manufacturing equipment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/battery-manufacturing-equipment-global-market-report
As per The Business Research Company’s Battery Manufacturing Equipment Global Market Report 2023, the market size is expected to grow from $9.10 billion in 2022 to $11.74 billion in 2023 at a compound annual growth rate (CAGR) of 29.00%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of battery manufacturing equipment market is expected to reach $30.77 billion in 2027 at a CAGR of 27.24%.
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Product innovations have emerged as the key trend gaining popularity in the battery manufacturing equipment market. Major companies operating in the battery manufacturing equipment market are developing innovative products to strengthen their position in the market. For instance, in June 2022, LiCAP Technologies, a US-based manufacturer of electrodes for energy storage devices, launched new equipment for cost-effective battery manufacturing. The upcoming integration of LiCAP’s exclusive Activated Dry Electrode process with the new equipment will play a pivotal role in shaping the design of a 1 GWh demonstration plant, set to be completed in 2023. LiCAP intends to increase the manufacturing of lithium-ion battery (LIB) electrodes and lithium-ion battery cells with new machinery.
The battery manufacturing equipment market is segmented:
1) By Type: Lead Acid, Lithium Ion, Nickel Metal Hydride, Nickel Cadmium, Other Types
2) By Process: Electrode Manufacturing, Cell Assembly, Cell Finishing
3) By Application: Automotive Batteries, Industrial Batteries, Portable Batteries
Asia-Pacific was the largest region in the battery manufacturing equipment market in 2022.
The table of contents in TBRC’s battery manufacturing equipment market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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