Global battery production machine market is anticipated to grow at a significant CAGR of 11.7% during the forecast period (2024-2031). A major factors supporting the growth of the market includes the increasing number of lithium-ion giga factories, growing demand for electric vehicles, and rising public awareness of environmental problems. For instance, in October 2023, Schuler and Sovema joined forces at Battery Show North America, presenting cutting-edge production lines for lithium-ion battery manufacturing. Schuler showcases solutions for prismatic and cylindrical cell housings, while Sovema unveils innovations in lithium-ion cell manufacturing. Bitrode introduces the Bitrode Digital Cycler for precision testing. The collaboration enhances Schuler's offerings, enabling comprehensive equipment supply for giga factories. CEO Kevin McAllister emphasizes the strategic positioning to support the expanding battery industry.
Browse the full report description of “Battery Production Machine Market Size, Share & Trends Analysis Report by Machine Type (Coating and Drying, Slitting, Electrode Stacking, Assembly and Handling, Formation and Testing and Others, by Battery Type (Nickel Cobalt Aluminum (NCA), Nickel Manganese Cobalt (NMC), Lithium Iron Phosphate (LFP) and by Application (Automotive, Renewable energy, Industrial) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/battery-production-machine-market
Additionally, in March 2023, LG Energy Solution (LGES) announced to invest $5.5 billion to build a battery manufacturing complex in Queen Creek, Arizona, for cylindrical EV batteries and LFP pouch-type batteries for ESS. With capacities of 27GWh and 16GWh respectively, it's the largest standalone battery investment in North America. Construction begins this year, aiming for mass production by 2025 for EVs and 2026 for ESS. The move aligns with efforts to advance clean energy transition in the US, utilizing smart factory systems to enhance quality and productivity.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Machine Type
o By Battery Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Wuxi Lead Intelligent Equipment Co., Ltd. , Shenzhen Yinghe Technology Co., Ltd., Hitachi, Ltd. , Schuler Group, Durr Group and Others.
Key questions addressed by the report.
Global Battery Production Machine Market Report Segment
By Machine Type
By Battery Type
By Application
Global Battery Production Machine Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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