DELRAY BEACH, Fla., Oct. 2, 2024 /PRNewswire/ -- The global battery production machine market size is projected to reach USD 37.59 billion in 2029 from USD 13.26 billion in 2024, with a CAGR of 23.2% according to a new report by MarketsandMarkets. Strong demand for electric vehicles (EVs) and the growth of gigafactories that are looking for advanced manufacturing equipment for lithium-ion batteries are key drivers for the battery production machine market. Advances in battery materials, government policies that support clean energy, and increased focus on sustainability are also fuelling the growth in demand. The market is further driven by a requirement for energy storage solutions in renewable applications.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=168163488
Browse in-depth TOC on "Battery Production Machine Market"
150 - Tables
60 - Figures
250 - Pages
Battery Production Machine Market Report Scope:
Report Coverage | Details |
Market Revenue in 2024 | $ 13.26 billion |
Estimated Value by 2029 | $ 37.59 billion |
Growth Rate | Poised to grow at a CAGR of 23.2% |
Market Size Available for | 2020-2029 |
Forecast Period | 2024-2029 |
Forecast Units | Value (USD Million/Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Machine Type, Battery Type, Application and Region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge | Adaptability issues with continuously developing new battery technologies |
Key Market Opportunities | Rising demand for lithium-ion batteries in various industries |
Key Market Drivers | Favorable government policies and regulations |
Nickel Manganese Cobalt (NMC) batteries are projected to achieve substantial CAGR growth in the battery production machine market during the forecast period.
Nickel Manganese Cobalt (NMC) battery is expected to grow with a significant CAGR in battery production machine market. This is due to its high energy density, thermal stability, and reliability compared to other solutions as it finds specific application in electric vehicles and energy storage. Its performance-to-cost value balance appeals to manufacturers looking towards increasing efficiency while managing the costs of their production processes. The demand for NMC batteries is on the rise in areas such as automotive, renewable energy, and consumer electronics. Specialized machinery for manufacturing NMC is expected to grow at an impressive CAGR during the forecast period.
Assembling and handling machines are projected to hold a significant share throughout the forecast period.
Over the forecasting period, assembling and handling machines are expected to hold a significant market share. It is due to their capacity to arrange as well as optimize the processes in battery assembly. They automate vital processes that encompass electrode stacking, separator insertion, and integration into modules and packs. Advanced robotics and precision engineering guarantee constant quality with less time consumption and hardly any human error. The demand for reliable energy storage, notably in electric vehicles, renewable energy systems, and consumer electronics, will continue to push manufacturers to face more efficient, scalable assembly solutions.
Industrial applications are expected to hold a significant market share in the battery production machine market.
The industrial application is expected to hold a significant share of battery production machine market during the forecast period. This is primarily driven by the increasing demand for sophisticated energy storage solutions across a number of different industrial sectors. High-performance batteries are gaining importance as industries focus on efficiency and sustainability, with production requirements that utilize highly specialized production machinery guaranteed for quality and dependability. With advanced manufacturing techniques like automation and precision engineering, production capabilities take a step forward with industrial batteries, thereby making it an important segment in the battery production machine market.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=168163488
Europe is expected to hold a significant market share during the forecast period.
Europe is expected to account for a significant market share in the battery production machine industry during the forecast period due to strong adoption of electric vehicles and growth in building up the ecosystem for battery manufacturing. Investments in gigafactories used to produce lithium-ion batteries for EVs and renewable energy storage are substantial. This growth is being led by European nations, particularly Germany, where clean energy policies are encouraged, and local development of these products is encouraged. The fact that Europe is keen on reducing its dependence on imported batteries and, in a way, become a pivotal connection in their global supply chain means that demand for highly advanced production machines will increase enormously.
Key Players
Major companies operating in this battery production machine companies include Hitachi High-Tech Corporation (Japan), Dürr Group (Germany), Lead Intelligent Equipment Co., Ltd. (China), Schuler Group (Germany), and Yinghe Technology Co., Ltd .(China).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=168163488
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
Solid-State Battery Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Single-cell, Multi-cell), Capacity (Below 20 mAh, 20-500 mAh, Above 500 mAh), Battery Type (Primary, Secondary), Application (Consumer Electronics, Electric Vehicles, Medical Devices), Region - Global Forecast to 2030
Lithium-ion Battery Market Size, Share, Statistics and Industry Growth Analysis Report by Type (NMC, LFP, LCO, LTO, LMO, NCA), Capacity (Below 3,000 mAh, 3,001 mAh-10,000 mAh, 10,001 mAh-60,000 mAh, Above 60,000 mAh), Voltage (Below 12V, 12V-36V, Above 36V), Application and Region - Global Forecast to 2032
Battery Management System Market by Type (Motive & Stationary Batteries), Battery Type (Lithium- ion, Lead-acid, Nickel-based, Solid-state, Flow batteries), Topology (Centralized, Distributed, & Modular), Application & Region - Global Forecast to 2029
Battery Energy Storage System Market Size, Share & Industry Trends Growth Analysis Report by Battery Type (Lithium-ion, Advanced Lead Acid, Flow, Nickel-based), Energy Capacity (Below 100 MWh, Between 100 MWh & 500 MWh, Above 500 MWh), Connection Type, Ownership and Region - Global Forecast to 2029
Zinc Battery Market Size, Share, Industry Growth Analysis Report by Product Battery Type (Zinc-air, Nickel-zinc, Zinc-ion, Zinc-bromine), Rechargeability (Primary & Secondary), Application (Medical, Utilities, Automotive & Transportation, Industrial, Consumer Devices) and Region - Global Forecast to 2029
About MarketsandMarkets
MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/battery-production-machine-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/battery-production-machine.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/battery-production-machine-market-worth-37-59-billion-in-2029---exclusive-report-by-marketsandmarkets-302263633.html
