Market Overview

Global Battery Manufacturing Equipment Market size was evaluated at USD 3.42 Billion in 2022 and is projected to hit around USD 28.23 Billion by 2030, growing at a CAGR of 31.63% from 2023 to 2030.


The number of electric cars on the road and the growth of the energy storage business are two things that are driving up the demand for lithium-ion batteries around the world. To keep up with the growing demand, battery makers are putting a lot of effort into making environmentally friendly cell technologies and building more batteries. Because of this, the number of businesses around the world that make batteries is growing quickly. Also, automakers are making more cars to keep up with the fast-growing demand for electric vehicles (EVs), and they are working with battery makers to make sure they have enough lithium-ion batteries for their EVs. During the time period covered by this forecast, it is expected that the growth of the industry for making lithium-ion batteries will be the main thing causing the growth of the market for equipment used to make batteries.

Market Dynamics

Drivers: The number of lithium-ion gig companies is growing
China, Japan, and South Korea have the most established factories for making lithium-ion batteries. But other parts of the world, like Europe and North America, are now trying to get less of their batteries from the Asia Pacific. Europe is a center for making cars, so companies that make car batteries want to build plants there. In February 2022, PV Magazine released an article saying that the area is becoming a major center for making batteries, with plans to build 35 gigafactories. In the same way, the United States is a big reason why the world EV market is growing. The country wants to build new battery gigafactories to meet the rising demand for batteries for electric vehicles. The world is putting more effort into making lithium-ion batteries, which is increasing the need for machines that make batteries.

Renewable Energy Storage
The growth of renewable energy sources like wind and solar power has led to the need for energy storage solutions to keep a steady supply of electricity. Batteries have emerged as one of the most promising ways to store energy, which has led to a rise in demand for advanced battery manufacturing equipment.

Restraints: High start-up prices and investments are needed.
In the coming years, tools for making batteries will be in high demand because there are more and more uses for them. To keep up with the growing demand for batteries, it has become necessary to build new tools for making batteries in many parts of the world. Even so, the cost of building a factory for making batteries is quite high and takes a lot of capital spending. Batteries are made with a variety of machines that are used for mixing, coating, calendaring, slicing, filling with electrolyte, and putting together, among other things. Also, most companies that make machines for making batteries sell all of this equipment as a full, custom-made package. Depending on the type of battery and how it was made, the form, size, technology, and technical specs of each machine are different. So, when making a factory to make machines, all of these things must be taken into account. This means that a large starting investment and set-up costs are needed. This problem makes it hard for the market to grow, especially in wealthy places like Europe and North America, where the costs of resources and labor are much higher than in Asia-Pacific.

Opportunities: Emerging uses for energy storage
A battery energy storage system is made up of units and battery packs. The technology stores energy from renewable energy sources like solar panels, wind, or even the electric grid, and then releases it as needed to make power or do other things on the grid. Energy storage batteries are used to store extra energy when peak demand is low so that it can be sent to end users when peak demand is high. The energy storage battery has been used a lot around the world, especially in the US, Canada, Germany, France, China, India, and other major countries. In recent years, the demand for energy storage batteries has grown. This is because of things like the ongoing modernization of the grid, the growing use of lithium-ion batteries in the renewable energy sector, the growing trend toward a low-carbon economy that relies less on fossil fuels, and the ongoing revolution in renewable energy.

Electric Vehicle (EV) Production
The production of electric vehicles (EVs) is a big chance for the market for equipment used to make batteries. The EV market is growing because of a number of things, such as government regulations, consumer desire for more environmentally friendly ways to get around, and improvements in battery technology. As the number of electric vehicles (EVs) on the road grows, so does the need for tools to make batteries.

Electric vehicles (EVs) need a lot of equipment for making batteries, like cell assembly lines, coating equipment, and equipment for checking batteries. These parts of the equipment are needed to make high-quality batteries that meet the strict performance standards of the auto business. In the past few years, the number of EVs made has grown a lot, and major automakers have put a lot of money into improving their production capabilities to meet the rising demand for EVs.

Challenges: New battery solutions are being made all the time.
Batteries are used in a wide range of products, from heavy-duty ones like airplanes to ones that don't get used much, like wristwatches. In the past few years, the battery business has done a lot of research and development, mostly to make small batteries with a lot of energy. So, people are doing research and development on new technologies like solid-state, liquid metal, and vanadium flow batteries. As more and better batteries come out, the most important and difficult thing for battery makers to do is to set up new production lines for the new batteries. In the same way, companies that make equipment for making batteries need to come up with new "turnkey" options to keep up with the changes in battery technology. The whole process of making machines is expensive to set up, and makers of battery-making machines can't change it quickly to work with new types of batteries on the market. So, as new battery technologies are made and used, it will be hard for companies that make machines to make batteries to figure out what the latest battery technology is and change their products to fit the changing technological environment.

Major Segments Covered

Type Insights
Since electric cars are becoming more popular in the auto business, the market for lithium-ion batteries has steadily grown. In the near future, businesses and industries will use lead-acid batteries more and more. Because the old model still works, this business is being taken over by newcomers. The need for these batteries has grown as the number of electronic devices that need a steady source of power to work has increased. Nickel metal hydride batteries also last longer and are preferred for use in a wide range of industries. The market for batteries is mostly made up of nickel-cadmium batteries and nickel metal hydride batteries.

Application Insights
Due to the growing popularity of electric cars, the market for automotive batteries has hit new heights. This is because there is a large demand and supply chain for them. Due to the wide range of cars on the market, the industry has to make a lot of different types of batteries, depending on how much power is needed from the product. The industrial battery business has been helped by the fact that the world is becoming more and more industrialized. In developing countries, where many companies and businesses are growing, more industrial battery types are being made.

Portable batteries make it easy to use electronics and let you carry them around with their power sources. These different uses help the market for equipment used to make batteries grow, which supports the use of renewable resources.

Automation Insights
The level of automation in the process of making batteries is an important way to divide the market for tools used to make batteries. The speed, accuracy, and economy of making batteries depend on how much automation is used. Most manual manufacturing methods are slower and less efficient because they require a lot of human work. Semi-automatic processes involve both human and machine work, while fully automatic processes are mostly done by machines and don't need much help from people. Companies can choose how much technology to use based on how much production they need and how much money they have.

Regional Insights

The Asia-Pacific area has seen the most growth in the market for equipment used to make batteries. This is because electric vehicles are becoming more popular there, and the price of gasoline is going up. This is the case because electric cars just recently came out on the market.

Because of the rapid growth of technology in the country, there is a high demand for electronic items and devices. The market in North America is next in line to grow in size. This is because the next market to grow in size is the North American market. The high number of information technology companies in this area is a key factor in the growth of the market for tools used to make batteries. The big changes in technology that have happened in European countries have also helped the market grow.

Scope Of Report

Key Vendors

• Duracell
• Johnson Controls
• EC Corporation,
• GS Yuasa International
• BYD Company
• A123 Systems LLC
• Hitachi Chemical Co.,
• Panasonic Corporation
• Samsung SDI Co.,
• Toshiba Corporation
• LG Chem
• Contemporary Amperex Technology
• Saft
• Sony Corporation
• Eveready Industries

1. Duracell
Duracell makes and sells the most high-performance alkaline batteries, lithium coins, rechargeable batteries, and other types of specialty cells in the world. Duracell batteries are used in many things all over the world, like game controllers, baby monitors, flashlights, smoke alarms, and toys like Monster Jam RC trucks.

As the winner in the personal power category, Duracell has a long history of coming up with new ways to make batteries more powerful and last longer than other brands. Since 2018, they have held the title of the most trusted battery brand. Duracell is dedicated to giving power to communities and groups, making sure children are safe, and making sure devices work when they are needed most.

2. Johnson Controls
They change the places where people live, work, learn, and play at Johnson Controls (NYSE:JCI). As the world's leader in smart, healthy, and environmentally friendly buildings, their goal is to rethink how buildings work so that they can serve people, places, and the planet. Johnson Controls has been coming up with new ideas for more than 135 years. Its Open Blue digital offering gives businesses like healthcare, schools, data centers, airports, stadiums, manufacturing, and more the blueprint for the future. With 100,000 experts in more than 150 countries, Johnson Controls has the world's largest portfolio of building technology, software, and service options from some of the most trusted names in the business.

3. NEC Corporation
NEC Corporation has become a star in integrating IT and network technologies, and its slogan is "Orchestrating a brighter world." NEC helps businesses and communities adapt to rapid changes in society and the market. It does this by promoting the social ideals of safety, security, fairness, and efficiency to create a more sustainable world where everyone has the chance to reach their full potential 

4. Contemporary Amperex Technology
Contemporary Amperex Technology Co., Limited (CATL) is a world leader in developing new energy technologies and is dedicated to providing the best solutions and services for new energy uses all over the world.

To reach its goal of replacing fossil fuels in stationary and mobile energy systems with highly efficient electrical power systems powered by advanced batteries and renewable energy, CATL keeps innovating in four areas: the material and electrochemistry system, the structure system, green extreme manufacturing, and business.

5. Sony Corporation
Sony has a simple goal. With the help of creativity and science, they want to make the whole world feel something. They want to be the ones who make their customers' hearts beat faster, make them want to work harder, and put a smile on their faces. This task, along with Their willingness to try new things, pushes Them to make new technology, entertainment, and services for people all over the world.

Their history as a global brand has been built on employees who are all passionate about making a difference in people's lives and take joy in going above and beyond to get truly amazing results.

Recent Developments

• Along with rivals like Panasonic, Samsung has been seen to get into the market, from making batteries to selling devices to end users.M&A and joint ventures are two ways that companies try to keep their market place stable. More research and development is likely to happen so that output can keep up with market needs.

• Durr Group, Manz AG, and GROB-WERKE GmbH & Co.KG have formed a strategic relationship in September 2022. With this plan, they will buy and build the projects for the battery production centers together.

• In May 2022, Shenzhen Yinghe Technology Co., Ltd. announced the launch of a new combined machine set that saves time and money and speeds up processes like cutting and stacking. The set of machines that work together also makes it easier for battery assembly lines to make more batteries.

• In May 2020, Manz AG stated that it would start making lithium-ion pouch battery cells or hard case cells on a new production platform. These cells are used in cars and batteries that store energy.

Market Segmentation

This part of the study on the Battery Manufacturing Equipment Market gives detailed information on the segments at the country and regional level. This helps the strategist figure out the target demographics for the relevant product or service and the upcoming chances..

By Type

• Lead Acid
• Lithium Ion
• Nickel Metal Hydride
• Nickel Cadmium
• Others

By Application

• Automotive Batteries
• Industrial Batteries
• Portable Batteries

By Automation

• Manual
• Semi-automatic
• Fully automatic

Global Battery Manufacturing Equipment Market Regional Insights

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Conclusion

In conclusion, the market for equipment used to make batteries is expected to grow a lot over the next few years. This growth will be driven by things like the growing demand for electric cars, the storage of renewable energy, and improvements in battery technology. In industries like consumer electronics, the need for high-quality, reliable batteries is also growing. This gives companies that make equipment for making batteries new possibilities.

Contrive Datum Insights predicts that the market for tools used to make batteries will continue to grow as battery technology keeps getting better and as the need for sustainable transportation and ways to store energy from renewable sources grows. There are a lot of established companies and new companies trying to get a piece of the business. But companies that can come up with new ways to make battery production more efficient, cheaper, and better are likely to be in a good position to take advantage of this growing market.

The market for equipment used to make batteries is also expected to benefit from technological advances like Industry 4.0 and automation, which are making manufacturing more efficient and less expensive. Overall, the market for equipment used to make batteries has a lot of room for growth and innovation, and businesses that can take advantage of these chances are likely to do well in the years to come.