PUBLISHER: The Business Research Company | PRODUCT CODE: 1409250
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409250
“Battery Production Machine Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on battery production machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for battery production machine? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The battery production machine market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Battery production machines encompass various equipment used in assembling electrical batteries and battery packs.
The primary categories of these machines include mixing, coating and drying, calendaring, slitting, electrode stacking, assembly and handling, and formation and testing machines. Mixing machines serve the purpose of blending heterogeneous materials to create a uniform final product, aiding in efficient batching of pastes, gels, and powders within battery manufacturing facilities. These machines are integral in producing various types of batteries such as li-ion, nickel cadmium, nickel metal hydride, and others. These batteries are distributed through OEM and aftermarket channels and are utilized across diverse industries including consumer electronics, automotive, and the power sector.
The battery production machines market research report is one of a series of new reports from The Business Research Company that provides battery production machines market statistics, including the battery production machines industry global market size, regional shares, competitors with a battery production machines market share, detailed battery production machines market segments, market trends and opportunities, and any further data you may need to thrive in the battery production machines industry. This battery production machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 historical growth in battery production machine manufacturing was largely influenced by the expansion of portable electronics, energy storage systems, governmental incentives promoting battery technology, a heightened emphasis on sustainability, the growing consumer electronics market, and the declining costs associated with battery production.
The battery production machine market size is expected to see exponential growth in the next few years. It will grow to $19.14 billion in 2028 at a compound annual growth rate (CAGR) of 21.7%. In the forecast period, the growth of battery production machines is expected to be driven by the expansion of e-mobility, initiatives for energy transition, the increased demand for grid-scale energy storage, ongoing developments in smart grid technologies, government regulations, and innovative material advancements. Key trends anticipated include further advancements in lithium-ion battery technology, the establishment of larger battery gigafactories, the evolution of solid-state batteries, the integration of digitalization and Industry 4.0 practices, as well as an emphasis on collaborative efforts and partnerships within the industry.
The increasing demand for electric vehicles is anticipated to drive the growth of the battery production machine market. Electric vehicles, powered by electric motors drawing energy from batteries, have become a prominent choice in the automotive industry. Battery production machines play a crucial role in manufacturing various types of batteries, including lithium-ion, hybrid Nickel-metal, and lead-acid batteries, which are widely used in electric vehicles due to their specific characteristics such as high-power-to-weight ratio, low self-discharge energy levels, and high volume and mass-energy density. According to data published by the International Energy Agency in September 2022, the sales of electric vehicles reached approximately 6.6 million units in 2021, accounting for nearly 9% of total vehicle sales and contributing to a total of 16.5 million electric vehicles on the road. As the demand for electric vehicles continues to grow, the battery production machine market is expected to experience significant expansion.
The increasing adoption of artificial intelligence (AI) is poised to fuel the growth of the battery production machine market. Artificial intelligence, a field in computer science dedicated to creating intelligent machines capable of human-such as tasks, is playing a pivotal role in optimizing manufacturing processes for battery production machines. By predicting and addressing potential issues, enhancing efficiency, and improving overall production output and quality control, AI contributes to the advancement of battery manufacturing technology. According to The International Business Machines Corporation (IBM), a US-based technology company, the global adoption of AI in businesses reached 35% in May 2022, reflecting a 4% increase from the previous year. This growing integration of AI technologies is a key driver propelling the growth of the battery production machine market.
A noteworthy trend in the battery production machine market is the emphasis on product innovations by major industry players. Companies operating in this market are introducing innovative products to strengthen their market position. An example of this trend is seen in the introduction of PouchSTAR by ISRA VISION AG in October 2022, a Germany-based provider of industrial machine vision solutions. PouchSTAR is an advanced inspection system designed for pouch battery cells, featuring LED lighting technology and a high-resolution matrix camera. This system enables a 360° inspection of pouch cells, allowing manufacturers to monitor every step of the battery production process, identify issues and faults early on, and meet demanding quality standards. The simplicity of setup and integration into fully networked smart factories, along with automatic camera calibration and the built-in GigE Vision high-speed interface, further contribute to the product's appeal in the market. Product innovations such as these are contributing to the overall growth and competitiveness of the battery production machine market.
Leading companies in the battery production machine market are intensifying their efforts to establish new battery manufacturing facilities, a strategic move aimed at gaining a competitive advantage. These specialized industrial plants are designed for the production of various battery types, including lithium-ion, lead-acid, and nickel-metal hydride. An illustrative example is EnPower, Inc., a US-based battery manufacturing company, which, in December 2021, announced the establishment of a lithium-ion battery manufacturing facility in Indianapolis, Indiana. This facility is dedicated to the production of American-made lithium-ion batteries and boasts an initial capacity of 800 MWh, with plans for expansion to well over 1 GWh. EnPower's patented multilayer electrodes confer a technological advantage by addressing the energy-power trade-off, enabling repeated fast charges without compromising service life.
In August 2021, SPIE SA, a France-based company specializing in electrical, mechanical, and climatic engineering, acquired Durr AG for an undisclosed amount. This strategic acquisition enhances SPIE SA's expertise in tunnel and traffic engineering in Austria and Germany. Durr AG, a Germany-based mechanical and plant engineering firm, includes capabilities in the production of battery manufacturing machines. This move reflects the industry's trend of major companies establishing and expanding battery manufacturing facilities as part of their broader strategies to fortify market positions and meet the escalating demand for advanced battery technologies.
Major companies operating in the battery production machine market report are Hitachi Ltd., Foshan Golden Milky Way Intelligent Equipment Co. Ltd., Wuxi Lead Intelligent Equipment Co. Ltd., Schuler AG, Buhler Group, Guangdong Lyric Robot Automation Co. Ltd., Manz AG, Nordson Corporation, Bry-Air (Asia) Private Limited, Charles Ross & Son Company, CKD Corporation, Kampf LSF GmbH & Co. KG, Mondragon Assembly S.A., Nagano Automation Co. Ltd., Semco Infratech Private Limited, Rosendahl Nextrom GmbH, HIRANO TECSEED Co. Ltd., Shenzhen Yinghe Technology Co. Ltd., Ningde Katop Automation Equipment Co. Ltd., Sony Energy Devices Corporation, BYD Co. Ltd., Panasonic Corporation, LG Chem Ltd., Johnson Controls International plc, Toshiba Corporation, Contemporary Amperex Technology Co. Ltd., Samsung SDI Co. Ltd., GS Yuasa Corporation, The Buhler Holding AG, Daiichi Jitsugyo Co. Ltd., Xiamen Lith Machine Limited, IPG Photonics Corporation, Mitsubishi Chemical Corporation, Sumitomo Chemical Company Limited, Teijin Limited, Toray Industries Inc., Asahi Kasei Corporation, Arkema SA, Ensinger GmbH, Quadrant AG .
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
The countries covered in the battery production machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The battery production machine market consists of sales of nickel-metal hydride (NiMH), nickel-cadmium (NiCad) batteries, lithium-ion, lead-acid, zinc-air cells, cell winders, and tab welders. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.