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Growing Demand For Electric Vehicles Fuels Expansion In The Battery Manufacturing Equipment Market: A Significant Driver Propelling The Battery Manufacturing Equipment Market In 2025
Battery Manufacturing Equipment
What Is the Battery Manufacturing Equipment Market Size and Projected Growth Rate?
The Battery Manufacturing Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Battery Manufacturing Equipment Market Size and Projected Growth Rate?
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What Are the Major Segments in the Battery Manufacturing Equipment Market?
The battery manufacturing equipment market covered in this report is segmented -
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
Subsegments:
1) By Lead Acid: Flooded Lead Acid, Absorbent Glass Mat (AGM), Gel Lead Acid
2) By Lithium Ion: Cylindrical Cells, Prismatic Cells, Pouch Cells
3) By Nickel Metal Hydride: NiMH Cylindrical Cells, NiMH Prismatic Cells
4) By Nickel Cadmium: NiCd Cylindrical Cells, NiCd Button Cells
5) By Other Types: Solid State Batteries, Flow Batteries, Zinc-Air Batteries
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What Are The Driving Battery Manufacturing Equipment Market Evolution?
The escalating need for electric vehicles will likely stimulate the escalation of the battery manufacturing equipment industry. Electric vehicles, which rely on an electric motor powered by a battery capable of charging externally, contribute significantly to the battery manufacturing gear market as they exclusively depend on batteries. Therefore, the continued success and expansion of the battery production gear industry hinge on the rising demand for electric cars. Pertaining to some data from the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts (an Australian government department appointed to administer Australia's government policy and programs) in February 2024, there was a record of approximately 20.7 million registered motor vehicles as of the end of January 2022 - a 2% rise from the equivalent period in 2021. Battery electric vehicles (BEVs) accounted for roughly 40,000, marking a surge of 100% from 2021's figure. This figure included about 34,200 passenger cars in 2022, indicating an increase of 118% from 2021. Furthermore, Hybrid-electric vehicles (HEVs) reached around 277,000 in 2022, experiencing a growth of 35% from 2021. Consequently, the upward trajectory in the electric vehicles demand amplifies the surge in the battery manufacturing equipment industry's footing.
Which Firms Dominate The Battery Manufacturing Equipment Market Segments?
Major companies operating in the battery manufacturing equipment market include Sony Energy Devices Corporation, BYD Co. Ltd., Panasonic Corporation, LG Chem Ltd., Johnson Controls International plc, Toshiba Corporation, Contemporary Amper*ex 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 Trends Are Expected to Dominate the Battery Manufacturing Equipment Market in the Next 5 Years?
Emergence of product innovations is the main trend that is witnessing increasing traction in the battery manufacturing equipment market. Significant brands active in this market are on the path of developing cutting-edge products to consolidate their market standing. For instance, LiCAP Technologies, an American company that specializes in fabricating electrodes for energy storing devices, introduced a new apparatus in June 2022 for affordable battery manufacture. The forthcoming blend of LiCAP's exclusive Activated Dry Electrode procedure with this new device will be crucial in devising the blueprint of a 1 GWh demo plant, set for completion in 2023. LiCAP is planning to ramp up the production of lithium-ion battery (LIB) electrodes and lithium-ion battery cells utilizing this brand-new equipment.
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Which Is The Largest Region In The Battery Manufacturing Equipment Market?
Asia-pacific was the largest region in the battery manufacturing equipment market in 2024. Asia-pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the battery manufacturing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Battery Manufacturing Equipment Market?
2. What is the CAGR expected in the Battery Manufacturing Equipment Market?
3. What Are the Key Innovations Transforming the Battery Manufacturing Equipment Industry?
4. Which Region Is Leading the Battery Manufacturing Equipment Market?
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