About Formation and Grading Machine
The process of executing the initial charge/discharge operation on the battery cell is known as battery formation. Special electrochemical solid electrolyte interphase (SEI) will develop at the electrode, primarily on an anode, at this stage. While grading refers to when manufacturers will rate the cells they produce so as to categorize the performance differences of only the cells they produce. Formation and grading machines are used in the manufacture of lithium-ion batteries. The Asia Pacific is the largest market for the formation and grading machines followed by North America and Europe owing to large electronic devices manufacturing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.8% |
This market is in the growth phase due to ever-increasing consumption of smartphones and laptops and with the introduction of EV’s it is set to be even more prominent. In this market, rapid innovation is necessary to keep up with cutting-edge technology. Talent acquisition is challenging for this sector due to increasing demand. Patents and IPR’s could be an entry barrier for newcomers in this market. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Analog Devices (United States), PEC (Belgium), Neware Technology Limited. (China), Gelon (China), Aero incorporation (India), Xiamen TOB New Energy Technology Co., Ltd (China), Chroma (United States), Fujian Nebula Electronics Co., Ltd. (China), Shenzhen Jingjieneng Electronics Co., Ltd. (China) and Shenzhen Ruineng Industrial Co., Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Formation and Grading Machine market by Type (Integrated and Split), Application (Portable Devices, Laptops, HEV, EV and Scooters) and Region.
On the basis of geography, the market of Formation and Grading Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Components, the sub-segment i.e. Input and Output Units will boost the Formation and Grading Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery Size, the sub-segment i.e. Small (Less than 5Ah) will boost the Formation and Grading Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Innovation to Increase the Efficiency of Formation and Grading Machine
Market Growth Drivers:
Increasing Prevalence of Battery Powered Electronic Devices and Growing Production of Electric Vehicles
Challenges:
High Cost Associated with Formation and Grading Machine and Expertise Is Required to Operate the Formation and Grading Machine
Restraints:
Availability Of Alternatives to Li-Ion Batteries in Some Cases
Opportunities:
Growing Government Incentives to Use Electric Alternatives Will Boost the Demand of Formation and Grading Machine and Rising Use of Smartphones Will Increase the Demand of Formation and Grading Machines
Market Leaders and their expansionary development strategies
In February 2024, Carmo and Forsstrom have signed a partnership agreement on the development, production, sales, and service of Carmo’s HF welding machines. These projects will be serially produced and made available to a wider market.
In June 2023, Toyota Motor Corporation (Toyota) recently held a technical briefing session, "Toyota Technical Workshop," under the theme "Let's Change the Future of Cars" and announced a variety of new technologies that will support its transformation into a mobility company.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Formation and Grading Machine Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.