Press release
Battery Production Machine Global Market Analysis Development Trends, Industry Growth Opportunities, Regional Demand and Forecast 2024-2033
Battery Production Machine Global Market
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..
Market Overview -
Battery production machines refer to battery assembly machines that are used to manufacture electrical batteries and battery packs.
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Electric Vehicle Boom Drives Battery Production Machine Market
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.
Competitive Landscape -
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, Bühler 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, Samsung SDI Co. Ltd., GS Yuasa Corporation, The Bühler 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 .
Product Innovation Drives Growth In Battery Production Machine Market
Product innovations are a key trend gaining popularity in the battery production machine markets. Major companies operating in the battery production machine market are introducing innovative products to sustain their position in the market. For instance, in October 2022, ISRA VISION AG, a Germany-based provider of industrial machine vision solutions, introduced PouchSTAR, a new inspection system for pouch battery cells. PouchSTAR is equipped with LED lighting technology and a high-resolution matrix camera that facilitates the 360° inspection of pouch cells that permits manufacturers to keep an eye on every step of the whole battery production process, which enables them to spot issues and faults early on, and achieve even the most demanding quality standards. Additionally, it is exceptionally simple to set up and integrate into a fully networked smart factory at full production speed with automatic camera calibration and the built-in GigE Vision high-speed interface.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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