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A Comprehensive Analysis on Global Battery Production Machine Market by The Business Research Company : Hitachi Ltd., Foshan Golden Milky Way Intelligent Equipment Co Ltd., Wuxi Lead Intelligent Equipment Co Ltd
Battery Production Machine Market
The Business Research Company's Battery Production Machine Global Market Report 2023 identifies the growing demand for electric vehicles is the major driver for the battery production machine market's growth in the forecast period. 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. 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.
The global battery production machine market size is expected to grow from $5.96 billion in 2022 to $7.34 billion in 2023 at a compound annual growth rate (CAGR) of 23.05%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 global battery production machine market size is expected to reach $16.10 billion in 2027 at a CAGR of 21.72%.
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Major competitors in the battery production machine market 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, Bry-Air (Asia) Pvt Ltd., Charles Ross & Son Company, CKD Corporation, Kampf LSF GmbH & Co KG.
A key trend in the battery production machine market includes product innovations. 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.
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The battery production machine market is segmented -
• By Machine Type: Mixing Machine, Coating And Drying Machine, Calendaring Machines, Slitting Machines, Electrode Stacking Machines, Assembling And Handling Machines, Formation And Testing Machines
• By Battery Type: Li-Ion, Nickel Cadmium, Nickel Metal Hydride, Others Types
• By Sales Channel: OEM, After Market
• By End-Use Industry: Consumer Electronics, Automotive, Power Industry, Others End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the battery production machine market.
The Business Research Company's "Global Battery Production Machine Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Battery Production Machine Market Include:
1. Executive Summary
2. Battery Production Machine Market Characteristics
3. Battery Production Machine Market Trends And Strategies
4. Battery Production Machine Market - Macro Economic Scenario
5. Battery Production Machine Market Size And Growth
……………
27. Battery Production Machine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Battery Production Machine Market
29. Battery Production Machine Market Future Outlook And Potential Analysis
30. Appendix
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