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The Global lithium battery cell assembly machine Market exhibits comprehensive information that is a valuable source of insightful data for business strategists during the decade 2023-2029. This intelligence reports include an investigation based on Current scenarios, Historical records, and Future predictions . The report contains different market predications Related to market size , revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market.
As per our research, the market is projected to touch USD 19.11 billion by 2028, exhibiting a CAGR of 20.7% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
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Lithium Battery Cell Assembly Machine Market Main Competitive Landscape:
Wuxi Lead, Yinghe Technology, Manz, CKD, Koem, GreenSun, Kaido, Shenzhen Geesun, Sovema, Hitachi High-Technologies, Shenzhen Chengjie, LG Energy Solution, Toray,Panasonic Holdings Corporation, Higrand, Techland, Honbro,BYD Company Ltd., Nagano Automation, Golden Milky and others.
Recent Developments and updates
In February 2022, Panasonic Holdings Corporation is going to establish a production facility in Wakayama Factory in western Japan to manufacture new“4680” lithium-ion batteries for electric vehicles to expand its business globally. Productivity verification and mass production are likely to begin from the end of the fiscal year 2024. In October 2021, LG Energy Solution, a subsidiary operated by LG Chem, entered a memorandum of understanding with Stellantis N.V. to form a joint venture to produce battery cells and modules for North America. This joint venture will help Stellantis N.V. goal to achieve a 40% market share in the US comprising electrified vehicles by 2030. The batteries produced in this plant will be supplied to assembly plants of Stellantis N.V. in the US, Canada, and Mexico for installation in next-generation electric vehicles. In January 2021, BYD Company Ltd. has a partnership with Chinese lithium-ion recycling start-up Pandpower Co., Ltd., and Japanese trading house Itochu for transformation of old batteries into energy storage systems. Old battery packs from buses, taxis, and other vehicles are collected from BYD Company Ltd. dealerships across China, and these are converted into a ship-container-sized power units for renewable energy and factories.
It also examines the role of the leading market players involved in the industry including their corporate overview , financial summary , and SWOT analysis . It presents a 360-degree overview of the competitive landscape of the industries. The report provides qualitative and quantitative analysis of the market using various frameworks such as Porter's and PESTLE analysis.
Dividing the Global Lithium Battery Cell Assembly Machine Market by Product types and Application
Based on type, the market has been segmented into:
Winding/Stacking Machine
Welding Machine
Filling Machine
Others
Based on application, the market has been segmented into:
Consumer Electronics
Power
Others
Regions Are covered by Lithium Battery Cell Assembly Machine Market Report 2023 To 2029
North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, and Colombia) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Europe hold the second-largest share of Lithium Battery Cell Assembly Machine
Germany dominated the market in Europe in 2023. It is among the top automobile-manufacturing countries in Europe, which is another factor fueling the growth of the market in the region.
Over the past few years, the governments of different countries in the European region have been intensively supporting and investing in research & development (R&D) activities in the power segment. The demand for lithium-ion batteries in the European region is growing rapidly due to the increasing automobile manufacturing, growing need for energy storage solutions, rising use of electric vehicles due to environmental concerns, and massive investments in lithium-ion battery research projects.
Following are major TOC of the Lithium Battery Cell Assembly Machine Market:
Chapter 1: Lithium Battery Cell Assembly Machine Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Lithium Battery Cell Assembly Machine Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Lithium Battery Cell Assembly Machine Market Forecast
Keep it going ......
Our analysts examined the information and data and generated insights using a combination of quantitative and qualitative research efforts, with the primary purpose of delivering a holistic view of the market.
CHALLENGES: Excessive heating of batteries
Lithium-ion batteries are used in consumer electronics, automobiles, electrical systems, commercial aviation, automated guided vehicle, forklifts, pallet trucks, and material-handling equipment.
While lithium-ion batteries can store relatively large amounts of energy in small spaces, they tend to heat up quickly and may catch fire in case of any malfunction. Overheating of lithium-ion batteries take places due to high-rate discharge or abnormal rate of discharge such as short circuit. For instance, in September 2022, the Moss Landing Energy storage facility in California knocked offline after the overheating of lithium-ion batteries.
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