Press release
Battery Manufacturing Equipment Market Size, Share, Trends, Growth Rate, Business Overview And Forecast By 2023-2032
Battery Manufacturing Equipment Market
The Business Research Company's Battery Manufacturing Equipment Global Market Report 2023 identifies growing demand for electric vehicles as the major driver for the Battery Manufacturing Equipment market's growth in the forecast period. An electric vehicle refers to a type of 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. Electric vehicles are beneficial to the battery manufacturing equipment market because they can only run on batteries.
The global battery manufacturing equipment 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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Major competitors in the Battery Manufacturing Equipment market are Sony Energy Devices Corporation, BYD Co. Ltd., Panasonic Corporation, LG Chem Ltd., Johnson Controls International plc.
A key trend in the Battery Manufacturing Equipment market includes product innovations. 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.
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The Battery Manufacturing Equipment market is segmented -
• By Type: Lead Acid, Lithium Ion, Nickel Metal Hydride, Nickel Cadmium, Other Types
• By Process: Electrode Manufacturing, Cell Assembly, Cell Finishing
• By Application: Automotive Batteries, Industrial Batteries, Portable Batteries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Battery Manufacturing Equipment market.
The Business Research Company's "Global Battery Manufacturing Equipment 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 Manufacturing Equipment Market Include:
1. Executive Summary
2. Battery Manufacturing Equipment Market Characteristics
3. Battery Manufacturing Equipment Market Trends And Strategies
4. Battery Manufacturing Equipment Market - Macro Economic Scenario
5. Global Battery Manufacturing Equipment Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
………………………………………………………………………………….
32. Global Battery Manufacturing Equipment Market Competitive Benchmarking
33. Global Battery Manufacturing Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Battery Manufacturing Equipment Market
35. Battery Manufacturing Equipment Market Future Outlook and Potential Analysis
36. Appendix
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