Press release
Surging Battery Manufacturing Equipment Market: Forecasted Growth of 25.8% CAGR, Driven by EV Demand and Market Innovation
Surging Battery Manufacturing Equipment Market
What Is The Projected Market Size Of The Global Battery Manufacturing Equipment Market And Its Growth Rate?
The global battery manufacturing equipment market has witnessed substantial growth and will continue flourishing in the coming years.
•Growth from $15.13 billion in 2024 to $19.46 billion in 2025, at a CAGR of 28.6%.
•Driven factors include increasing consumer electronics demand, rise in demand for electric vehicles (EVs), advancements in battery management systems (BMS), and growth in renewable energy storage solutions.
•The market is set to further grow to $48.74 billion in 2029, marking a CAGR of 25.8%.
•Forecasted growth factors: Demand surge in energy storage systems (ESS), expansion of global renewable energy, need for lightweight high-energy-density batteries, focus on battery recycling and the circular economy.
What Is Driving The Growth In The Battery Manufacturing Equipment Market?
Increasing demand for electric vehicles is a key factor driving the growth of the battery manufacturing equipment market. Battery electric vehicles (BEVs) necessitate batteries which bodes well for the market. For example, in Australia in 2022, registered BEVs doubled from 2021, indicating a surge in demand for electric vehicles - a trend which evidently drives the growth of the battery manufacturing equipment market.
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Who Are the Key Players Driving Battery Manufacturing Equipment Market Growth?
•Sony Energy Devices Corporation
•BYD Co. Ltd.
•Panasonic Corporation
•LG Chem Ltd.
•Johnson Controls International plc
•Toshiba Corporation
•Contemporary Ampere*x Technology Co. Ltd.
•Samsung SDI Co. Ltd.
•Wuxi Lead Intelligent Equipment Co. Ltd.
•Hitachi Chemical Co. Ltd.
•GS Yuasa Corporation
•The Buhler Holding AG
•Daiichi Jitsugyo Co. Ltd.
•Shenzhen Yinghe Technology Co Ltd.
•A123 Systems LLC
•Duracell Inc.
•Manz AG
•Eveready Industries India Ltd.
•Eagle Technologies Inc.
•MECO Incorporated
•Wirtz Manufacturing Company Inc.
•Targray Technology International Inc.
•Sovema Group S.p.A.
•MESH Automation Inc.
•MAC Engineering & Equipment Company Inc.
•McAllister Mills Inc.
•Custom Electric Manufacturing Co. Inc.
•Xiamen Tmax Battery Equipments Limited
What Are The Key Trends In The Battery Manufacturing Equipment Market?
Current market trends include:
•Rise in outsourcing of manufacturing equipment.
•Growth in cleanroom manufacturing practices.
•Adoption of advanced coating and drying technologies.
•Focus on safety-centric equipment designs.
•Trend towards vertical integration in production.
What Are The Segments Of The Global Battery Manufacturing Equipment Market?
Segments of the market are as follows:
1) By Type: Lead Acid, Lithium Ion, Nickel Metal Hydride, Nickel Cadmium, Other Types
2) By Process: Electrode Manufacturing, Cell Assembly, Cell Finishing
3) By Application: Automotive Batteries, Industrial Batteries, Portable Batteries
Which Region Leads The Battery Manufacturing Equipment Market?
Asia-Pacific was the largest region in the battery manufacturing equipment market in 2024 and is projected to be the fastest-growing in the forecast period. Other regions covered in the market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Battery Manufacturing Equipment Global Market Report?
- Market Size Analysis: Analyze the Battery Manufacturing Equipment size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Battery Manufacturing Equipment for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Battery Manufacturing Equipment growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Battery Manufacturing Equipment.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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