Press release
Segment Evaluation and Major Growth Areas in the Battery Manufacturing Equipment Market
Battery Manufacturing Equipment
Forecasted Expansion of the Battery Manufacturing Equipment Market Size
The battery manufacturing equipment market is projected to experience significant growth over the coming years. By 2030, the market size is anticipated to reach $60.13 billion, growing at an impressive compound annual growth rate (CAGR) of 25.8%. This surge is largely fueled by the rapid rise in electric vehicle manufacturing, increased investments in gigafactories, demand for cutting-edge battery chemistries, ongoing efforts to reduce cost per kWh, and a strong emphasis on sustainable manufacturing practices. Key trends shaping this growth include the widespread adoption of automated production lines, the use of high-precision manufacturing tools, expansion of scalable cell assembly systems, deployment of advanced quality monitoring technologies, and a growing focus on optimizing manufacturing yields.
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Key Market Leaders in Battery Manufacturing Equipment
Several prominent companies dominate the battery manufacturing equipment landscape. These include Sony Energy Devices Corporation, BYD Co. Ltd., Panasonic Corporation, LG Chem Ltd., Johnson Controls International plc, Toshiba Corporation, Contemporary ere*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., and Xiamen Tmax Battery Equipments Limited.
Significant Industry Acquisition Enhancing Capabilities
In February 2025, US electric vehicle manufacturer Mullen Automotive expanded its battery production capabilities by acquiring additional battery manufacturing equipment from Nikola Corporation. This acquisition includes Nikola's high-volume battery chemistry production line, electrodynamic shaker system, and battery pack assembly and testing equipment, all set to be integrated into Mullen's facility in Fullerton, California. This move supports Mullen's strategy to produce its own battery packs and modules, particularly focusing on standard and solid-state polymer batteries. Nikola Corporation is a US-based company specializing in mobility and energy solutions.
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Collaborative Partnerships Shaping Industry Future
Strategic partnerships are becoming critical for leading companies to maintain and grow their market presence. For example, in January 2023, South Korea's Hanwha Group, a key player in battery manufacturing equipment, partnered with LG Energy Solution, a major lithium-ion battery producer for electric vehicles and energy storage systems. Together, they signed a memorandum of understanding to jointly invest in battery production facilities in the United States. This collaboration aims to strengthen the US battery supply chain in response to rising demand for clean energy. Beyond production, the partnership plans to develop energy storage systems tailored for commercial, industrial, and utility markets. LG Energy Solution expressed confidence that this alliance will boost the competitive edge of both companies within the battery sector.
Detailed Market Segmentation of Battery Manufacturing Equipment
The battery manufacturing equipment market is categorized across several dimensions for a comprehensive overview:
1) By Type: Lead Acid, Lithium Ion, Nickel Metal Hydride, Nickel Cadmium, and Other Types
2) By Process: Electrode Manufacturing, Cell Assembly, and Cell Finishing
3) By Application: Automotive Batteries, Industrial Batteries, and Portable Batteries
Further subcategories include:
- Lead Acid batteries segmented into Flooded Lead Acid, Absorbent Glass Mat (AGM), and Gel Lead Acid
- Lithium Ion batteries divided into Cylindrical Cells, Prismatic Cells, and Pouch Cells
- Nickel Metal Hydride batteries classified as NiMH Cylindrical Cells and NiMH Prismatic Cells
- Nickel Cadmium batteries segmented into NiCd Cylindrical Cells and NiCd Button Cells
- Other Types covering Solid State Batteries, Flow Batteries, and Zinc-Air Batteries
This detailed segmentation provides a clearer understanding of the diverse battery manufacturing equipment market and the various technologies it supports.
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