Industry Background:
Lithium ion batteries are made up of electrode sets that are then assembled into cells. The processes used to make Lithium batteries are very similar to those used to make Nickel Cadmium cells and Nickel Metal Hydride cells, with some key differences due to the higher reactivity of the chemicals used in Lithium cells. The lithium-ion battery is found in a variety of electronic devices, including smartphones, power tools, and digital cameras. As a result, with the increasing need for storage and power backup, demand for batteries in the railway industries, manufacturing sectors, and solar power is expected to rise.
According to AMA Research, the market for Lithium Battery Manufacturing Equipment is expected to register a CAGR of 15.1% during the forecast period to 2030. This growth is primarily driven by Growing Demand for Smart Devices and Other Industrial Goods
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electrical Components & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Wuxi Lead Intelligent (China), Yinghe Technology (China), Panasonic (Japan), Hirano Tecseed (Japan), Manz (Germany), Hitachi High Technologies (Japan), Golden Milky (China), Sovema (Italy), KUBT (United States), Buhler (Switzerland) and Kaido (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2023, an Australia-based start-up, Recharge Industries Pty, announced plans to construct a USD 210 million factory to build lithium-ion batteries. The company aims to start construction in Geelong in south-eastern Australia in the second half of 2023 and begin production by late 2024. The operation will have an initial annual capacity of 2 gigawatt-hours - rising to an eventual planned total of 30 gigawatt-hours.
In June 2021 Panasonic Energy, a subsidiary of Panasonic had announced collaboration with Schlumberger New Energy. This collaboration paves the path for better lithium manufacturing solutions, which will assist meet the predicted spike in lithium demand as the electric vehicle (EV) market grows throughout the world. Panasonic will offer advice on validating and optimising lithium materials for battery-grade use.The demand for lithium battery manufacturing equipment is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Wuxi Lead Intelligent, Yinghe Technology, Hirano Tecseed and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders such as Wuxi Lead Intelligent, Yinghe Technology, Hirano Tecseed demonstrate a market-defining vision of how lithium battery manufacturing equipment can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Influencing Trend:
Increasing Demand for Plug-In Vehicles and Rise of Pouch Cell Packaging in the Electric Vehicles
Market Growth Drivers:
Growing Demand for Smart Devices and Other Industrial Goods and High Requirement for Lithium Batteries from Consumer Electronics
Challenges:
Disruptions in Supply Chain of Batteries and Related Components Caused by COVID-19
Restraints:
Rising Cobalt Prices on the Cost of Battery Cells
Opportunities:
Increase Adoption in New Applications due to Declining Prices of Lithium Batteries and Rising Opportunities in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Lithium Battery Manufacturing Equipment Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Lithium Battery Manufacturing Equipment Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Lithium Battery Manufacturing Equipment players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Lithium Battery Manufacturing Equipment Study Sheds Light on
The Lithium Battery Manufacturing Equipment Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Lithium Battery Manufacturing Equipment industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lithium Battery Manufacturing Equipment industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.