The battery production machine market garners USD 7,227 million in revenue in 2022, and it is projected to rise at the rate of 22.4% in the coming future, to hit USD 36,409 million in revenue in 2030, according to a research report by market research company P&S Intelligence.
This growth can be credited to the increasing public knowledge regarding
environmental issues, snowballing number of lithium-ion gigafactories, and the
mounting demand for EVs.
Battery Production Machine Industry Revenue Estimation and Demand Forecast to 2030 |
In the coming few years, the coating and drying category is set to
witness the fastest growth, with a CAGR of 23.6%, mainly because the main
technology utilized in the manufacturing of batteries is coating. The positive
electrode anode, negative electrode cathode, and separator for separating them
are all manifested as precise materials that are positioned on the substrate to
make the layered electrode.
In 2022, the NMC category, generated the largest revenue share, at
approximately 40%. This can be credited to its often utilization in numerous
applications, such as Evs and energy systems. Manganese and nickel combine
their premium qualities in NMC.
Furthermore, manganese can grow a spinel structure to get less internal
resistance and low precise power while nickel holds high specific energy but
deprived constancy. The metals’ joint strengths are amplified by joining them.
In the coming few years, the automotive category is projected to grow the
fastest, with a CAGR of approximately 26%. The engineering of vehicles is one
of the biggest industries globally. The manufacturing of 60 million automobiles
every year is responsible for nearly 50% of the world’s oil consumption. The
spurring demand will arise from the increasing per-capita income of people and
a sizable young populace.
The need for lithium-ion battery cells is growing intensely as electric
vehicle production and sales are increasing. Furthermore, vehicle producers are
storming up their strategies for electrical vehicles, and several of them, such
as Volkswagen Group, Geely, Volkswagen Group, Ford, and Tesla are spending
extensively in order to grow their gigafactory footprints, whether via
partnerships with battery cell dealers or ultimately internal manufacturing of
cells.
In 2022, The APAC battery production machine market held the
largest share, at approximately 36%. Because of the technical benefits, they
provide and the decreasing price of lithium-ion batteries, the utilization of
joined power storage solutions using lithium-ion batteries is projected to
surge. Accordingly, there will probably be a lot of opportunities for Li-ion
cell producers in the coming few years.
Hence, increasing public knowledge regarding environmental issues,
snowballing the number of lithium-ion gigafactories and mounting demand for EVs
will drive the battery production machine industry in the future as well.
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