Press release
Battery Manufacturing Equipment Market Expected to Achieve 25.5% CAGR by 2029: Growth Forecast Insights
Battery Manufacturing Equipment Market
How Large Will the Battery Manufacturing Equipment Market Size By 2025?
The scale of the battery manufacturing equipment market has expanded remarkably in recent times. By 2025, it will reach a value of $19.2 billion, having risen from $15.13 billion in 2024, representing a compound annual growth rate (CAGR) of 26.9%. Several factors contributed to this growth during the historical period, including a surge in consumer electronics demand, an escalation in the desire for electric vehicles (EVs), an increased focus on renewable energy storage solutions, advancements within battery management systems (BMS), together with government subsidies and incentives encouraging clean energy.
How Big Is the Battery Manufacturing Equipment Market Size Expected to Grow by 2029?
Over the coming years, the battery manufacturing equipment market is projected to experience substantial growth, reaching a market size of $47.6 billion by 2029. This represents a compound annual growth rate (CAGR) of 25.5%. Several factors will contribute to this growth during the forecast period, such as the increasing demand for energy storage systems, the worldwide expansion of renewable energy, the need for lightweight and high-energy-density batteries, as well as emphasis on battery recycling and the circular economy. Key trends that will define this period include an uptick in the outsourcing of manufacturing equipment, the advancement of cleanroom manufacturing practices, the adoption of innovative coating and drying technologies, a focus on designing safety-centric equipment, and a move towards vertical integration in production.
View the full report here:
https://www.thebusinessresearchcompany.com/report/battery-manufacturing-equipment-global-market-report
Which Key Market Drivers Powering Battery Manufacturing Equipment Market Expansion and Growth?
The surge in the need for electric vehicles is predicted to drive the advancement of the battery manufacturing equipment market. An electric vehicle is a type of transport that utilises an electric motor that harnesses power from a battery, which can be recharged from an external source. Their reliance solely on batteries offers a unique advantage to the battery manufacturing equipment sector. The growth of this sector is directly tied to the rising consumption of electric vehicles. For example, the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, an Australian government agency responsible for executing Australian government policy and schemes, reported in February 2024 that as of January 31, 2022, there were 20.7 million registered motor vehicles. This reflects a 2% growth from January 2021. Battery electric vehicles (BEVs) accounted for around 40,000, a 100% rise from 2021, including 34,200 passenger cars in 2022, a boost of 118% from 2021. Hybrid-electric vehicles (HEVs) came in at roughly 277,000 in 2022, a 35% increase from 2021. Hence, the ballooning demand for electric vehicles is fuelling the expansion of the battery manufacturing equipment market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12050&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Battery Manufacturing Equipment Market?
The emergence of product innovations has become a prominent trend in the battery manufacturing equipment market. Top companies within this market are focusing on producing unique products to solidify their market stance. For example, LiCAP Technologies, an American firm that manufactures electrodes for energy storage devices, unveiled a new apparatus for affordable battery production in June 2022. The incorporation of LiCAP's unique Activated Dry Electrode method with this new machine is expected to significantly influence the design of a 1 GWh demonstration plant, which is slated for completion in 2023. LiCAP has plans to ramp up production of lithium-ion battery (LIB) electrodes and lithium-ion battery cells using this new equipment.
What Are the Emerging 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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=12050&type=smp
Who Are the Global Leaders in the Battery Manufacturing Equipment Market?
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
Which are the Top Profitable Regional Markets for the Battery Manufacturing Equipment Industry?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12050
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Battery Manufacturing Equipment Market Expected to Achieve 25.5% CAGR by 2029: Growth Forecast Insights here
News-ID: 4201295 • Views: …
More Releases from The Business research company
Leading Companies Fueling Growth and Innovation in the Sun Care Products Market
The sun care products market is on track for substantial expansion as consumer awareness about skin protection intensifies worldwide. With evolving preferences and technological advancements shaping product offerings, this sector is set to witness robust growth in the coming years. Let's explore the market's size projections, key players, emerging trends, and major segments driving its development through 2030.
Projected Size and Growth Trajectory of the Sun Care Products Market
The…
Future Perspectives: Key Trends Shaping the Styrene Butadiene Rubber (SBR) Based …
The styrene butadiene rubber (SBR) based adhesive market is on track for notable growth as we approach 2030. Driven by a variety of factors including expanding infrastructure projects and rising demand across multiple industries, this sector is poised for steady expansion. Let's explore the market's size projections, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of Styrene Butadiene Rubber Based Adhesives
The…
Emerging Sub-Segments Transforming the Stearic Acid Market Landscape
The stearic acid market is poised for significant expansion in the coming years, driven by evolving demand across various industries. This report explores the projected market size, leading companies, key trends, and segment analysis shaping the future of this vital chemical.
Stearic Acid Market Size and Growth Outlook
The stearic acid market is set to grow robustly, reaching a valuation of $54.63 billion by 2030. This represents a compound annual…
Market Trend Insights: The Impact of Recent Innovations on the Specialty Pestici …
The specialty pesticides sector is on the verge of significant expansion as global agricultural practices continue to evolve. Driven by increasing demand for crop protection and sustainable farming techniques, this market is set to experience robust growth in the coming years. Let's explore the market's anticipated value, leading companies, emerging trends, and detailed segmentation to gain a comprehensive understanding of this dynamic industry.
Projected Market Size and Growth Expectations for Specialty…
More Releases for Manufacturing
Manufacturing the Future: Exploring the In-Space Manufacturing Market
Rapid improvements in space technology have created new opportunities for in-space production, transforming the space sector. The in-space manufacturing sector is expanding rapidly as space agencies and private companies investigate ways to manufacture products and structures in space. According to MarketsandMarkets' thorough market research analysis, the worldwide in-space manufacturing market is predicted to expand significantly in the next years. In this blog article, we will evaluate the recent trends and…
Global Miscellaneous Market by Types (Gasket, Packing, and Sealing Device Manufa …
The global Miscellaneous market was valued at xx million in 2020 and is projected to reach US$ xx million by 2027, at a CAGR of xx% during the forecast period.
Global Miscellaneous Market overview
Miscellaneous Market research report offers great insights into the market and consumer data and their interpretation through various figures and graphs.
Miscellaneous markets have experienced significant growth in recent years. The main reason for this is the increasing…
Smart Factory Transforming from “Manufacturing” to “Intelligent Manufactur …
The concept of “Industry 4.0” was officially announced by the German government in 2013 at the Hannover Messe. Since then, its influence has taken the world by storm. From steam mechanization to power automation to data informatization, the Industry 4.0, driven by “intelligentization”, will completely subvert the expectations, changing perceptions of productivity and production relations in the traditional manufacturing industry by way of qualitative change – an immortal monument, perhaps,…
Additive & Conventional Manufacturing – Hybrid Manufacturing Techniques From C …
Croft Filters, based in Warrington, England, have been supplying custom filtration and separation solutions for over 31 years. Over this time, Croft has developed a reputation for their quality, bespoke service through manufacturing a variety of products for specific requirements. These products have included Filtration Cones, Baskets & Screens, Disc Filters and Filtration Housings amongst others, and they are made with Wire Mesh, Wedge Wire and Perforated Plate, depending on…
Digital Meter Market 2017 - Al-Jon Manufacturing, Environmental Manufacturing, H …
The Global Digital Meter Market 2017 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Digital Meter industry. First, "Global Digital Meter Industry 2017" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Digital Meter industry chain structure.
Major Companies Covered in this report:-
Al-Jon Manufacturing
Heitman Laboratories
Kws Manufacturing Company
Kmb Systems
Obvius Holdingd Llc
Lubecorp Manufacturing
Quadlogic…
Competitive Segmentation of Global Mixed-mode Manufacturing Market 2016 Industry …
The market research report titled Mixed-mode Manufacturing Market Research Report 2016 provides a detailed overview of the global Mixed-mode Manufacturing market, in terms of crucial market factors such as the demand drivers, challenges, market segments, key companies, and the recent market trends. The quantitative and the qualitative information presented in this research study is based on primary and secondary sources of information. Moreover, much of the information contained in this…
