Battery Production Machine Market Size, Share, Trends and Industry Analysis - 2027

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MarketsandMarkets Presents

Battery Production Machine Market Size, Share,
Trends, Industry Analysis 2027 Battery
Production Machine Market by Machine Type
(Mixing, Coating Drying, Calendaring, Slitting,
Electrode Stacking, Assembly Handling,
Formation Testing Machines), Battery Type (NMC,
NCA, LFP), Application and Region - Global
Forecast to 2027 https//www.marketsandmarkets.co
m/Market-Reports/battery-production-machine-market
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The battery production machine market size is
predicted to grow from USD 7.3 billion in 2022 to
USD 19.4 billion by 2027, at a CAGR of
21.5. Browse 164 market data Tables and 80
Figures spread through 209 Pages and in-depth TOC
on "Battery Production Machine Market by Machine
Type (Mixing, Coating Drying, Calendaring,
Slitting, Electrode Stacking, Assembly
Handling, Formation Testing Machines), Battery
Type (NMC, NCA, LFP), Application and Region -
Global Forecast to 2027 "
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The coating drying machines segment is
projected to grow at the highest CAGR during the
forecast period. The coating process in battery
manufacturing plays a very crucial role. It
involves coating active materials on top of the
metal foil to produce electrodes. Also, companies
offer different types of coating machines, for
instance, single- and double-side coating
machines. Similarly, for the battery to work
efficiently, the coating must be dried firmly.
Hence, drying is also a significant process in
battery manufacturing. Continuous developments to
increase the performance of these are increasing
their demand worldwide. The Nickel Manganese
Cobalt (NMC) battery segment to account for the
largest market share in 2022. Presently, NMC
batteries are being widely used in low-cost and
entry-level EV models worldwide. High energy
density and reliable performance of NMC batteries
are making them one of the key EV battery
technologies. Due to their high energy density
and long cycle life, NMC batteries are also
widely used in power tools and energy storage
system (EES) applications. Hence, the demand for
battery production machines for this battery type
will increase at an impressive CAGR during the
forecast period. Ask PDF Brochure https//www.ma
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The market for automotive application is expected
to grow at the highest CAGR during the forecast
period Automotive is one of the major sectors
driving the demand for lithium-ion batteries,
attributed to increasing environmental awareness
among consumers and government-led initiatives to
lower carbon emissions. Lithium-ion batteries are
currently being used in a wide variety of
electric vehicles, such as battery electric
vehicles (BEVs), hybrid electric vehicles (HEVs),
plug-in hybrid electric vehicles (PHEVs), and
two-wheeler motors. The automotive sector covers
various types of vehicles, such as passenger
vehicles, commercial vehicles, trucks, buses, and
two-wheelers. Lithium-ion batteries offer high
energy per unit mass relative to other electrical
energy storage systems, which are widely adopted
in the EVs segment.   The market in Asia Pacific
projected to account largest market share in
2022. The region is the largest manufacturer,
supplier, and consumer of lithium-ion batteries
due to the easy availability of battery raw
materials. The region also has the prominent
presence of large battery manufacturers and
battery production machine manufacturers.
According to Benchmark Mineral Intelligence
Limited, by 2030, around 256 gigafactories will
be operational in the region, and China will be
the dominant country in terms of manufacturing
capacity. Presently, China holds the largest
share of lithium-ion battery manufacturing
capacity in Asia Pacific and is also one of the
largest consumers of lithium-ion batteries.
Increasing RD for developing new battery
technologies by various countries in Asia Pacific
is another factor driving the growth of the
lithium-ion battery market in the region. China
is a global battery manufacturing hub with a
large presence of well-established battery
manufacturers, battery production machine
manufacturers, and end users. The country has
ample amounts of raw materials, such as graphite
and lithium, which are used in the production of
lithium-ion batteries. Request Free Sample
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DRIVERS Increasing number of lithium-ion
gigafactories China, Japan, and South Korea are
the major lithium-ion battery manufacturing hubs
with the largest installed manufacturing base of
lithium-ion batteries. However, other regions,
such as Europe and North America, are now
focusing on decreasing their dependence on Asia
Pacific for battery supply. For instance, Europe
is a hub for automotive manufacturing, attracting
automotive battery manufacturers to establish
their plants in the region. According to an
article published in February 2022 by PV
Magazine, the region is transforming into a key
battery manufacturing base and has plans to
establish 35 gigafactories. Similarly, the US is
also one of the major contributors to the global
EV market growth. The country is planning to set
up new battery gigafactories to fulfil the rising
electric vehicle battery demand. This rising
focus on increasing lithium-ion battery
manufacturing across countries is driving the
demand of battery production machine
market. OPPORTUNITIES Emerging energy storage
applications A battery energy storage system is
embedded with a rechargeable battery in the form
of battery packs and modules. The system stores
energy from renewable energy sources such as
solar arrays, wind, or even the electric grid and
then discharges that energy later to provide
electricity or other grid services when needed.
Energy storage batteries are used in low-peak
periods to store surplus energy and provide this
energy to the end users during high peak demand
for electricity. The energy storage battery has
been widely installed in many parts of the world,
including the US, Canada, Germany, France, China,
India, and other major economies. The demand for
energy storage batteries has been rising in
recent years due to factors such as ongoing grid
modernization, growing penetration of lithium-ion
batteries in the renewable energy sector, and the
rising trend of adopting low-carbon and less
fossil fuel-based economy and ongoing renewable
energy revolution.
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