Overview and Scope
Battery production machines refer to battery assembly machines that are used to manufacture electrical batteries and battery packs.
Sizing and Forecast
The battery production machine market size has grown exponentially in recent years. It will grow from $7.31 billion in 2023 to $8.99 billion in 2024 at a compound annual growth rate (CAGR) of 22.9%. The growth in the historic period can be attributed to growth in portable electronics, energy storage systems, government incentives, increased focus on sustainability, consumer electronics market growth, reducing battery costs.
The battery production machine market size is expected to see exponential growth in the next few years. It will grow to $19.74 billion in 2028 at a compound annual growth rate (CAGR) of 21.7%. The growth in the forecast period can be attributed to e-mobility expansion, energy transition initiatives, grid-scale energy storage, smart grid development, government regulations, material innovations. Major trends in the forecast period include advancements in lithium-ion battery technology, scaling up battery gigafactories, development of solid-state batteries, digitalization and industry 4.0 practices, collaboration and partnerships.
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Segmentation & Regional Insights
The battery production machine market covered in this report is segmented –
1) By Machine Type: Mixing Machine, Coating And Drying Machine, Calendaring Machines, Slitting Machines, Electrode Stacking Machines, Assembling And Handling Machines, Formation And Testing Machines
2) By Battery Type: Li-Ion, Nickel Cadmium, Nickel Metal Hydride, Others Types
3) By Sales Channel: OEM, After Market
4) By End-Use Industry: Consumer Electronics, Automotive, Power Industry, Others End Users
Asia-Pacific was the largest region in the market in 2023. The regions covered in the battery production machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing demand for electric vehicles is expected to propel the growth of the battery production machine market going forward. An electric vehicle refers to a vehicle that can be powered by an electric motor that draws electricity from a battery and is capable of being charged from an external source. Battery production machines are used in the production of various types of batteries such as lithium-ion batteries, hybrid Nickel-metal batteries, and lead-acid batteries that are commonly used in electric vehicles due to their unique parameters such as high-power-to-weight ratio, low self-discharge energy levels, high volume energy density, and mass-energy density to provide a sustainable power solution to drive. For instance, In September 2022, according to an article published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the sales of electric vehicles increased by nearly reached 6.6 million units (a sales share of almost 9%) from 2020 to 2021, increasing the total number of electric vehicles on the road to 16.5 million. Therefore, the growing demand for electric vehicles is driving the growth of the battery production machine market.
Key Industry Players
Major companies operating in the battery production machine market are increasing their focus on introducing new battery manufacturing facilities to gain a competitive edge in the market. Battery manufacturing facilities are specialized industrial plants equipped for the production of batteries, encompassing various types such as lithium-ion, lead-acid, and nickel-metal hydride. For instance, in December 2021, EnPower, Inc., a US-based battery manufacturing company, announced the establishment of a lithium-ion battery manufacturing facility in Indianapolis, Indiana. The facility will be dedicated to producing American-made lithium-ion batteries. It has an initial capacity of 800 MWh, which is planned to be increased to well over 1 GWh. EnPower’s patented multilayer electrodes give them a technological advantage as they address the trade-off between energy and power. This allows for repeated fast charges without any degradation to service life.
The battery production machine market report table of contents includes:
- Executive Summary
- Battery Production Machine Market Characteristics
- Battery Production Machine Market Trends And Strategies
- Battery Production Machine Market – Macro Economic Scenario
- Global Battery Production Machine Market Size and Growth
- Battery Production Machine Market Segmentation
- Battery Production Machine Market Regional And Country Analysis
………….
- Key Mergers And Acquisitions In The Battery Production Machine Market
- Battery Production Machine Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Battery Production Machine Market, Segmentation By Machine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Battery Production Machine Market, Segmentation By Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Battery Production Machine Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 75: Hitachi Ltd. Financial Performance
Table 76: Foshan Golden Milky Way Intelligent Equipment Co. Ltd. Financial Performance
Table 77: Wuxi Lead Intelligent Equipment Co. Ltd. Financial Performance
Table 78: Schuler AG Financial Performance
Table 79: Bühler Group Financial Performance
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