Press release
Custom Battery Pack Market on Track for Strong Growth, Estimated to Grow at 8.5% CAGR Through 2029
Custom Battery Pack
What Is the Expected CAGR for the Custom Battery Pack Market Through 2025?
The market size for custom battery packs has seen significant growth in the past few years. The value is expected to increase from $21.44 billion in 2024 to $23.07 billion in 2025, representing a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this growth during the historic period include a rise in demand for portable electronic devices, greater acceptance of electric vehicles, increased popularity of battery-powered industrial automation systems, higher usage of energy storage systems, and improved cost-effectiveness of lithium-ion batteries.
What's the Projected Size of the Global Custom Battery Pack Market by 2029?
In the next few years, the custom battery pack market size is projected to experience significant growth, rising to $31.98 billion by 2029, with a compound annual growth rate (CAGR) of 8.5%. The expected growth during the forecast period can be tied to the increasing use of renewable energy, the escalating demand for energy-efficient batteries, increased sales of hybrid and plug-in hybrid vehicles, expansions in electric aviation projects, and the growth of public transportation electrification. Key trends predicted for this period involve technological evolution, 3D printing of battery components, a shift to non-lithium batteries, batteries optimized for 5G and IoT, as well as localized battery manufacturing.
View the full report here:
https://www.thebusinessresearchcompany.com/report/custom-battery-pack-global-market-report
Top Growth Drivers in the Custom Battery Pack Industry: What's Accelerating the Market?
The upward trend in electric vehicle demand is set to fuel the expansion of the custom battery pack market. Electric vehicles (EVs), partly or completely powered by electricity, use batteries and electric engines instead of conventional internal combustion engines. The uptake of EVs is escalating because of governmental incentives which diminish buying costs and foster sustainability by providing tax credits, subsidies, and infrastructure growth. Custom Battery Pack boosts electric vehicles by maximizing energy storage, enhancing efficiency and lengthening range with designs that are tailored to meet specific power and performance demands. For instance, in April 2024, the France-based International Energy Agency reported that global electric car sales in 2023 approached 14 million, making up 18% of all car sales, an increase from 14% in 2022. As a result, the surge in electric vehicle (EVs) adoption is steering the growth of the custom battery pack market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=23359&type=smp
Which Emerging Trends Are Transforming the Custom Battery Pack Market in 2025?
Leading entities in the custom battery pack market are heavily investing in the creation of novel solutions like structural battery packs to streamline thermal management system, bolster energy density, and lessen overall weight, leading to more robust and enduring battery solutions. Structured battery packs serve a dual purpose as they're an energy storehouse and offer support as load-bearing elements in a vehicle, removing the requirement for independent battery casings and trimming down overall weight. Such packs not only amplify vehicle efficacy but also fortify structural solidity and maximize space deployment, marking them as a pivotal innovation in the realm of electric vehicle design. For example, a UK-based technology firm, Williams Advanced Engineering Limited, rolled out Cell2Pack in May 2023, a customized solution for small-scale EV production. This advance solution enhances the firmness of the vehicle, lessens weight, and amplifies range by incorporating battery cells directly into the pack, scraping the need for separate modules. Possessing large-sized cylindrical cells, bulging side cooling, and an adaptable bent extruded case, Cell2Pack is perfectly suited for specialized automotive uses.
What Are the Main Segments in the Custom Battery Pack Market?
The custom battery pack market covered in this report is segmented -
1) By Type: Lithium-Ion (Li-Ion), Lithium-Polymer (Li-Poly), Nickel-Metal Hydride (NiMH), Nickel-Cadmium (NiCd), Sealed Lead Acid (SLA), Other Types
2) By Voltage Range: Low, Medium, High
3) By Application: Electric Vehicles (EVs), Portable Power Tools, Uninterruptible Power Supply (UPS), Renewable Energy Storage, Medical Devices
4) By End-User: Consumer Electronics, Automotive, Healthcare, Energy Storage Systems, Telecommunication
Subsegments:
1) By Lithium-Ion (Li-Ion): Cylindrical Li-Ion Batteries, Prismatic Li-Ion Batteries, Pouch Li-Ion Batteries
2) By Lithium-Polymer (Li-Poly): High-Discharge Li-Poly Batteries, Ultra-Thin Li-Poly Batteries, Standard Li-Poly Batteries
3) By Nickel-Metal Hydride (NiMH): Cylindrical NiMH Batteries, Prismatic NiMH Batteries
4) By Nickel-Cadmium (NiCd): Button Cell NiCd Batteries, Cylindrical NiCd Batteries, Prismatic NiCd Batteries
5) By Sealed Lead Acid (SLA): Valve-Regulated Lead Acid (VRLA) Batteries, Gel Lead Acid Batteries, Absorbent Glass Mat (AGM) Batteries
6) By Other Types: Solid-State Batteries, Zinc-Air Batteries, Sodium-Ion Batteries
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=23359&type=smp
Which Top Companies are Driving Growth in the Custom Battery Pack Market?
Major companies operating in the custom battery pack market are Grepow Battery Co. Ltd., Alpha Source Inc., Evolute Group LLC, Epec Engineered Technologies Inc., Zeus Battery Products Inc., Enix Power Solutions LLC, EPT Battery Co. Ltd., Excell Battery Co. Inc., Southwest Electronic Energy Group Inc., Alexander Battery Technologies Inc., Tritek Solutions Inc., Rapport Inc., Emerging Power Inc., Godson Technology Co. Ltd., Cell Pack Solutions GmbH, AceOn Group Ltd., Custom Power Inc., Robu.in, Rose Batteries Inc., TTekAI Inc., Voltaplex Technologies Inc., CM Batteries Inc.
Which Regions Will Dominate the Custom Battery Pack Market Through 2029?
North America was the largest region in the custom battery pack market in 2024. The regions covered in the custom battery pack 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=23359
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.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow 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
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering 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 Custom Battery Pack Market on Track for Strong Growth, Estimated to Grow at 8.5% CAGR Through 2029 here
News-ID: 4270409 • Views: …
More Releases from The Business Research Company
Emerging Innovations Set to Redefine the Sewer Rehabilitation Services Market La …
How Large Is the Sewer Rehabilitation Services Market Anticipated to Become by 2025?
The global market for sewer rehabilitation services has experienced robust expansion lately, projected to increase from a valuation of $42.38 billion in 2024 to $45.14 billion in the subsequent year, reflecting a compound annual growth rate (CAGR) of 6.5%. This historical upward trajectory is primarily fueled by several key factors: escalating levels of urbanization, the ever-aging condition of…
2025-2034 Sea Based C4ISR Market Outlook: Emerging Drivers, Growth Barriers, and …
What Market Size Will the Sea Based C4ISR Sector Reach by 2025?
The maritime C4ISR market experienced substantial expansion lately, projected to climb from a value of $3.0 billion in 2024 to $3.17 billion the following year, reflecting a compound annual growth rate of 5.7%. This upward trend observed over the historical period stems from several factors, including the intensification of naval modernization initiatives, escalating maritime security perils, augmentation in defense…
The Impact of Rapid Urbanization on the Ripening Culture Market: A Key Force Sha …
What Is the Forecasted Size of the Ripening Culture Market by 2025?
The market for ripening cultures has experienced substantial expansion lately, projected to increase from a valuation of $1.46 billion in 2024 to $1.57 billion a year later, demonstrating a consistent yearly growth rate (CAGR) of 7.7%. This upward trajectory during the past period stems from several key factors, including heightened demand for fermented dairy items, greater recognition of the…
Strong Demand Anticipated to Drive Recirculating Chillers Market Toward $2.76 Bi …
How Much Expansion Is Expected in the Recirculating Chillers Market by 2025?
The market encompassing recirculating chillers has seen swift expansion lately, projected to escalate from a value of $1.65 billion in 2024 to $1.83 billion by the ensuing year, reflecting an impressive compound annual growth rate (CAGR) of 11.2%. This upward trajectory during the historical timeframe stems from several factors, including the proliferation of automated systems in industrial procedures, escalating…
More Releases for Batteries
Lithium Coin Batteries Market | Duracell, Energizer, FDK, GP Batteries
The global lithium coin batteries market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the lithium coin batteries market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
As electrode materials for India Lithium-Ion Battery Market, nanomaterials have several unique physicochemical properties, such as large surface area, short transport length, high reversible capacity, and long cycle life. Energy storage in lithium-ion batteries is based on inserting lithium into either a type of graphite (cathode) or an oxide (anode). Charging and discharging consist of the transport of lithium ions between two storage media.
Developing next-generation lithium-ion batteries with dramatically…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
India Lithium-Ion Battery Market are a group of rechargeable battery types in which lithium ions move to the anode at the negative electrode during discharge and re-move during charging. Chemical, performance, cost, and safety characteristics depend on the type of lithium-ion battery.
India Lithium-Ion Battery Market is common in home appliances. They are the most popular rechargeable batteries for portable electronics, either with the highest energy-to-weight ratio, high open…
India Lithium ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and a target of 175 GW installation of renewable energy by 2022.
Beyond consumer electronics, lithium-ion…
Motorcycle Batteries Market Growing Up By Type: Lithium-ion Batteries, Lead-acid …
Acumen Research and Consulting has announced the addition of the "Motorcycle Batteries Market” report to their offering.
The Motorcycle Batteries Market Report 2018 is an in depth study analyzing the current state of the Motorcycle Batteries Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Motorcycle Batteries Market provides analysis of China market covering the industry trends, recent…
AGM batteries compared with lithium-ion batteries, increasing demand for high po …
The global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The growth of this market is expected to be driven by the inherent benefits of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increasing demand for energy storage solutions for high-current…
