The recent focus green environment is creating demand, and research scientists from across the world are striving to create new production methods or battery chemistries that can employ more widely accessible, ecologically acceptable components, but these innovations are not yet extensively used.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Battery Manufacturing Equipment Market – A Global and Regional Analysis.
According to this study, the global battery manufacturing equipment market was valued at $9.43 billion in 2021 and is projected to reach $88.09 billion by 2031.
The following factors are responsible for the increase in demand for battery manufacturing equipment:
- Rising demand for electric vehicles (EVs)
- Government initiatives to reduce carbon footprints and e-waste
- Increased usage of batteries in automotive, consumer electronics, healthcare, and energy & power
The detailed study is a compilation of 161 market data tables and 36 figures spread through 217 pages.
Check out the detailed table of content here:
Analyst’s Take on the Market Projection
According to Sanyam Tetarwal, Principal Analyst, BIS Research, “The global battery manufacturing equipment market is growing due to increasing demand for electric vehicles and energy and storage systems for renewable energy storage. The rising awareness among people of green initiatives is leading to the rise in demand for batteries and hence the battery manufacturing equipment market. Furthermore, the shortage of skilled laborers in end-use industries, supply chain constraints, rising inflation, and volatility in the market are posing significant challenges to the growth of the battery manufacturing equipment market.”
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Lithium-Ion to Lead the Battery Type Segment
Lithium-ion batteries are a preferred source of power for low-carbon technologies such as electric vehicles. Due to their quantity of energy, they can retain in a relatively small area, charging capabilities, and propensity to remain functional after hundreds, if not thousands, of charge cycles. These batteries are an essential component of the present drive to phase out gas-powered automobiles that release carbon dioxide and other carbon pollution.
As per the study conducted by BIS Research, based on battery type, the lithium-ion segment held the majority share in the battery manufacturing equipment market in 2021, and the trend is expected to continue during the forecast period of 2021-2031.
Major Existing Industry Leaders in the Battery Manufacturing Equipment Market
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are Wuxi Lead Intelligent Equipment Co., Ltd., SHENZHEN YINGHE TECHNOLOGY CO., LTD., Targray, Xiamen Tmax Equipments, DAIICHI JITSUGYO CO., LTD. (DJA), SOVEMA GROUP S.p.A., Battery Technology Source Co. Ltd. (BTS), Hitachi High-Tech Corporation, CKD, Manz AG, Wirtz Manufacturing, Buhler, HIRANO TECSEED Co., Ltd, Foshan Golden Milky Way Intelligent Equipment Co., Ltd. (GMK), Readco Kurimoto, LLC, Lyric, Shanghai Putailai New Energy Technology Co., Ltd., and Super Components.
Recent Developments in the Global Battery Manufacturing Equipment Market
- In May 2022, by aiding customers in the U.S. with battery manufacture, Xiamen Tmax Equipments maintained a favorable connection with them. It offered them the pouch cell pilot line, which comprises 52 machines ranging from mixing to testing. In accordance with the real requirements of the customer, Xiamen Tmax Equipments supplied complete solutions for the production of coin cells, cylinder cells, pouch cells, prismatic cells, and battery packs on a lab, pilot, and large-scale.
- In June 2022, Wuxi Lead Intelligent Equipment Co., Ltd. signed a contract with Volkswagen to deliver 20GWh lithium battery manufacturing equipment. The company would strengthen its presence in the European market and mark a new era of its global operation.
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
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