The global demand for lithium-ion batteries is rising owing to several factors, such as the growing demand for electric vehicles and expanding energy storage sector. Companies in the battery industry are focusing on developing sustainable battery technologies and meeting the high demand by increasing their manufacturing capacity.


EV demand and taking various initiatives with battery manufacturers to ensure a sufficient supply of lithium-ion batteries for their EVs.The rising number of lithium-ion battery factories worldwide is expected to drive the growth of the battery production machine market during the forecast period.


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%.


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Battery manufacturing equipment will be in high demand for the new few years owing to the increased usage of batteries in different applications. Thus, it has become necessary to set up new battery manufacturing equipment plants in different parts of the world to cater to the rising demand for batteries.


Batteries are being widely adopted in different applications ranging from heavy loads, such as airplanes, to minimal use, such as wristwatches. In recent years, various research and development practices have been going on within the battery industry.


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.

Wuxi Lead Intelligent Equipment Co., Ltd. (China), Shenzhen Yinghe Technology Co., Ltd. (China), Hitachi, Ltd. (Japan), Schuler Group (Germany), and Durr Group (Germany), are among a few top battery production machine companies.