Summary

The global Battery production machine market is projected to reach USD 13.26 billion by 2024 and USD 37.59 billion by 2029, at a CAGR of 23.2%. Factors driving the growth of the battery production machine market are the general rise in demand for batteries across industries, developments in technologies that increase the efficiency of production, the growing initiatives of governments to promote electric vehicles and renewable sources of energy, and the growing pressure for sustainability in manufacturing.

" Formation and testing machines are anticipated to register the highest CAGR in the battery production machine market during the forecast period.”
Formation and testing machines are expected to grow at the highest CAGR in the battery production machine market during the forecast period, primarily due to their key role in ensuring battery performance and safety. Hight performance needs, particularly in electric vehicles and energy storage systems, are spurring demand for advanced formation and testing solutions as manufacturers invest in technologies that improve high-standard compliance and meet the stringent requirements of their industry. Increasing focus on efficient and scalable production process accelerates the adoption of these machines across the battery manufacturing sector.

“LFP batteries are projected to capture the largest share in the battery production machine market throughout the forecast period.”
During the forecast period, LFP batteries are expected to hold the largest share in the battery production machine market. This is mainly due to their rising acceptance in electric vehicles and renewable energy-based storage systems and their high safety, thermal stability, and cost-effectiveness. The application advantage in both grid storage and EVs together with government policies favorable to solutions for clean energy ensures a steadily increasing demand for LFP batteries. Consequentially, there will be high demand for the production machines, which will be needed to produce this type of battery exclusively..





“Automotive segment to lead with highest CAGR in battery production machine market during forecast period.”
Automotive is expected to hold the highest CAGR in the battery production machine market during the forecast period. This trend is attributed to fast growth in electric vehicle adoption everywhere in the world. As a result of radical shift of the automotive industry toward electrification, high-quality batteries are in demand, and their production requires advanced production machines. It is further supplemented by proactive measures from governments globally to promote cleaner options for transport and, as a reward, encourage manufacturers to build more capacities for battery production. The rise in emphasis on sustainability and alternative sources has accelerated investment in technologies related to battery production. The growth in the automotive sector and increased demand for efficient battery production processes make the automotive application a major growth driver for the battery production machine market.
“Europe will experience a significant growth rate in the battery production machine market during the forecast period.”
The Europe region is projected to witness the highest compound annual growth rate in the battery production machine market in the forecast period, on account of its rising intent toward clean energy transition, higher adoption of electric vehicles, and conducive government policies. Aggressive carbon neutrality commitments made by regions lead to investment in battery production capacity, thereby drawing manufacturers toward setting up plants within Europe. Germany will have the strongest and most significant presence of the automotive industry, which would require the highest growth in European battery production machine markets that are further heightened by demand for batteries and energy storage systems.


Breakdown of primaries
A variety of executives from key organizations operating in the battery production machine market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
• By Company Type: Tier 1 –40%, Tier 2 – 25%, and Tier 3 – 35%
• By Designation: Managers– 45%, Directors – 40%, and others – 15%
• By Region: North America – 40%, Europe – 25%, Asia Pacific – 30%, and RoW – 5%

Major players profiled in this report are as follows: Hitachi High-Tech Corporation (Japan), Dürr Group (Germany), Lead Intelligent Equipment Co., Ltd. (China), Schuler Group (Germany), and Yinghe Technology Co., Ltd .(China) and others. These leading companies possess a wide portfolio of products, establishing a prominent presence in established as well as emerging markets.

The study provides a detailed competitive analysis of these key players in the battery production machine market, presenting their company profiles, most recent developments, and key market strategies.


Research Coverage
In this report, the battery production machine market has been segmented based on machine type, battery type, application and region. The machine type segment consists of Mixing Machines, Coating & Drying Machines, Calendaring Machines, Slitting Machines, Electrode Stacking Machines, Assembly and Handling Machines and Formation & Testing Machines. The battery type segment consists of Nickel Cobalt Aluminum (NCA), Nickel Manganese Cobalt (NMC), Lithium Iron Phosphate (LFP), Lithium Manganese Oxide (LMO), Lithium Cobalt Oxide (LCO) and Lithium Titanate (LTO). The application segment consists of Automotive, Renewable Energy, Industrial, Consumer Electronics and Others (Marine, Telecommunications, Medical Devices). The market has been segmented into four regions-North America, Asia Pacific, Europe, and RoW.

Reasons to buy the report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the battery production machine market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Key Benefits of Buying the Report

 Analysis of key drivers (Expanding electric vehicle (EV) industry, Increasing number of lithium-ion gigafactories, Presence of favorable government policies and regulations, Advancements in battery technology), restraints (Requirement for high initial investments and setup costs) opportunities (Emerging energy storage applications, Rising demand for lithium-ion batteries in various industries, Customizable Solutions), and challenges (Adaptability and re-installation issues with continuous battery technology developments, Adapting to changes in consumer preferences ) influencing the growth of the battery production machine market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the battery production machine market.

• Market Development: Comprehensive information about lucrative markets – the report analyses the battery production machine market across varied regions.

• Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the battery production machine market.

• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Hitachi High-Tech Corporation (Japan), Dürr Group (Germany), Lead Intelligent Equipment Co., Ltd. (China), Schuler Group (Germany), and Yinghe Technology Co., Ltd . (China) and others.

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Table of Contents

1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 STUDY SCOPE 28
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 28
1.3.2 YEARS CONSIDERED 29
1.3.3 INCLUSIONS AND EXCLUSIONS 29
1.4 CURRENCY CONSIDERED 30
1.5 UNIT CONSIDERED 30
1.6 LIMITATIONS 30
1.7 STAKEHOLDERS 31
1.8 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
2.1.1 SECONDARY AND PRIMARY RESEARCH 34
2.1.2 SECONDARY DATA 35
2.1.2.1 List of key secondary sources 35
2.1.2.2 Key data from secondary sources 36
2.1.3 PRIMARY DATA 36
2.1.3.1 List of primary interview participants 37
2.1.3.2 Key data from primary sources 37
2.1.3.3 Key industry insights 38
2.1.3.4 Breakdown of primaries 38
2.2 MARKET SIZE ESTIMATION METHODOLOGY 39
2.2.1 BOTTOM-UP APPROACH 39
2.2.1.1 Approach to estimate market size using bottom-up analysis 39
2.2.2 TOP-DOWN APPROACH 40
2.2.2.1 Approach to estimate market size using top-down analysis 40
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 42
2.4 RESEARCH ASSUMPTIONS 43
2.5 RESEARCH LIMITATIONS 44
2.6 RISK ANALYSIS 44
3 EXECUTIVE SUMMARY 45
 
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY
PRODUCTION MACHINE MARKET 49
4.2 BATTERY PRODUCTION MACHINE MARKET, BY MACHINE TYPE 49
4.3 BATTERY PRODUCTION MACHINE MARKET, BY BATTERY TYPE 50
4.4 BATTERY PRODUCTION MACHINE MARKET, BY APPLICATION 50
4.5 BATTERY PRODUCTION MACHINE MARKET IN ASIA PACIFIC,
BY APPLICATION AND COUNTRY 51
4.6 BATTERY PRODUCTION MACHINE MARKET, BY COUNTRY 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 MARKET DYNAMICS 52
5.2.1 DRIVERS 53
5.2.1.1 Expanding EV industry 53
5.2.1.2 Emphasis on developing sustainable battery technologies 53
5.2.1.3 Advancements in battery technology 54
5.2.1.4 Government-led initiatives to boost EV sales 55
5.2.2 RESTRAINTS 56
5.2.2.1 High costs of setting up battery production machinery plants 56
5.2.3 OPPORTUNITIES 57
5.2.3.1 Adoption of low-carbon and less fossil fuel-based economy 57
5.2.3.2 Customizable solutions 57
5.2.3.3 Growing adoption of battery-powered technologies among mining and construction manufacturers 57
5.2.4 CHALLENGES 58
5.2.4.1 Adaptability to changing technology landscape 58
5.2.4.2 Shifting consumer preferences and market trends 59
5.3 STRATEGIC ALLIANCES IN EV SECTOR 59
5.4 FUTURE PLANS AND OUTLOOK OF LITHIUM-ION BATTERY PRODUCTION 61
5.5 VALUE CHAIN ANALYSIS 63
5.6 ECOSYSTEM ANALYSIS 66
5.7 PRICING ANALYSIS 68
5.7.1 INDICATIVE PRICING TREND OF BATTERY PRODUCTION MACHINES,
BY KEY PLAYER 70
5.7.2 INDICATIVE PRICING TREND, BY MACHINE TYPE 71
5.7.3 INDICATIVE PRICING TREND, BY REGION 72
5.7.4 INDICATIVE PRICING TREND OF BATTERY CYCLERS, BY KEY PLAYER 73
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 74
5.9 INVESTMENT AND FUNDING SCENARIO 74
 
5.10 TECHNOLOGY ANALYSIS 75
5.10.1 KEY TECHNOLOGIES 75
5.10.1.1 Material processing technologies 75
5.10.1.2 Emerging lithium-ion battery technologies 75
5.10.2 ADJACENT TECHNOLOGIES 76
5.10.2.1 EV technologies 76
5.10.2.2 Energy storage systems 76
5.10.3 COMPLEMENTARY TECHNOLOGIES 76
5.10.3.1 Quality control technologies 76
5.10.3.2 Automation and digital transformation 77
5.11 PORTER’S FIVE FORCES ANALYSIS 77
5.11.1 BARGAINING POWER OF SUPPLIERS 78
5.11.2 BARGAINING POWER OF BUYERS 78
5.11.3 THREAT OF NEW ENTRANTS 79
5.11.4 THREAT OF SUBSTITUTES 79
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 79
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 80
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 80
5.12.2 BUYING CRITERIA 81
5.13 CASE STUDY ANALYSIS 82
5.13.1 BÜHLER HELPED BRITISHVOLT WITH LOW-CARBON BATTERY MIXING TECHNOLOGY THAT STREAMLINED PRODUCTION PROCESS AND ENHANCED BATTERY PERFORMANCE 82
5.13.2 DÜRR ASSISTED CELLFORCE WITH ADVANCED COATING ELECTRODE TECHNOLOGY THAT IMPROVED OPERATIONAL CAPABILITIES 82
5.13.3 WUXI HELPED INOBAT INSTALL BATTERY PRODUCTION TURNKEY SOLUTIONS TO MANUFACTURE PREMIUM ELECTRIC BATTERIES 83
5.13.4 DÜRR PROVIDED CATL WITH INNOVATIVE TECHNOLOGY FOR ELECTRODE PRODUCTION THAT ENHANCED PRODUCTION EFFECTIVENESS 83
5.14 TRADE ANALYSIS 84
5.14.1 IMPORT DATA 84
5.14.2 EXPORT DATA 85
5.15 PATENT ANALYSIS 86
5.16 KEY CONFERENCES AND EVENTS, 2024–2025 89
5.17 REGULATORY LANDSCAPE 90
5.17.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 90
5.17.2 STANDARDS 93
5.17.3 REGULATIONS 94
5.18 IMPACT OF AI/GENERATIVE AI ON BATTERY PRODUCTION MACHINE MARKET 96
5.18.1 INTRODUCTION 96
5.18.2 IMPACT ON BATTERY PRODUCTION MACHINE MARKET 96
5.18.3 TOP USE CASES AND MARKET POTENTIAL 97
6 BATTERY MARKET INSIGHTS 99
6.1 INTRODUCTION 99
6.2 FUTURE LI-ION BATTERY PRODUCTION CAPACITY 99
6.3 ELECTRIC VEHICLE BATTERY MARKET TRENDS 100
6.4 GIGAFACTORIES 102
6.5 BATTERY ENERGY STORAGE SYSTEMS (BESS) 103
7 BATTERY PRODUCTION MACHINE MARKET, BY MACHINE TYPE 104
7.1 INTRODUCTION 105
7.2 MIXING MACHINES 108
7.2.1 ACCURACY IN BLENDING RAW MATERIALS TO DRIVE MARKET GROWTH 108
7.3 COATING AND DRYING MACHINES 114
7.3.1 ASSURANCE OF UNIFORMITY AND CONSISTENCY TO BOOST DEMAND 114
7.4 CALENDARING MACHINES 119
7.4.1 ONGOING ADVANCEMENTS IN CALENDARING TECHNOLOGY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 119
7.5 SLITTING MACHINES 125
7.5.1 GROWING NEED TO ADDRESS BURRING OR BUCKLING OF ELECTRODE EDGES ISSUES TO DRIVE DEMAND 125
7.6 ELECTRODE STACKING MACHINES 130
7.6.1 INCREASING ADOPTION OF SECONDARY BATTERIES IN EVS AND RENEWABLE ENERGY SECTOR TO FUEL MARKET GROWTH 130
7.7 ASSEMBLING AND HANDLING MACHINES 135
7.7.1 IMPLEMENTATION OF ROBOTICS AND DIGITAL TWIN TECHNOLOGY TO FOSTER MARKET GROWTH 135
7.8 FORMATION AND TESTING MACHINES 140
7.8.1 INCREASING NEED TO OPTIMIZE BATTERY STABILITY AND PERFORMANCE TO BOOST DEMAND 140
8 BATTERY PRODUCTION MACHINE MARKET, BY BATTERY TYPE 147
8.1 INTRODUCTION 148
8.2 NCA 151
8.2.1 INCREASING APPLICATION IN ELECTRIC POWERTRAINS AND GRID STORAGE TO FUEL MARKET GROWTH 151
8.3 NMC 154
8.3.1 RISING DEMAND IN ENTRY-LEVEL EVS TO DRIVE MARKET 154
8.4 LFP 156
8.4.1 GROWING USE IN HIGH-POWER DEVICES AND EQUIPMENT TO BOOST DEMAND 156
8.5 LMO 159
8.5.1 ABILITY TO SUPPORT DISCHARGE CURRENTS OF 20–30A WITH MINIMAL HEAT GENERATION TO FUEL MARKET GROWTH 159
 
8.6 LCO 161
8.6.1 SURGING ADOPTION IN PORTABLE ELECTRONICS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 161
8.7 LTO 163
8.7.1 GROWING USE FOR RENEWABLE ENERGY STORAGE AND UPS TO BOOST DEMAND 163
9 BATTERY PRODUCTION MACHINE MARKET, BY APPLICATION 166
9.1 INTRODUCTION 167
9.2 AUTOMOTIVE 169
9.2.1 RISING FOCUS ON LOWERING CARBON EMISSIONS TO DRIVE MARKET 169
9.3 RENEWABLE ENERGY 171
9.3.1 EMPHASIS ON MODERNIZING GRIDS TO SPUR DEMAND 171
9.4 INDUSTRIAL 173
9.4.1 ABILITY TO OFFER ENHANCED SAFETY, LONG LIFE, AND OPERATIONAL EFFICIENCY TO ACCELERATE DEMAND 173
9.5 CONSUMER ELECTRONICS 174
9.5.1 INCREASING DEMAND FOR RAPID CHARGING AND HIGH-POWER OUTPUTS TO FUEL MARKET GROWTH 174
9.6 OTHERS 175
10 BATTERY PRODUCTION MACHINE MARKET, BY REGION 177
10.1 INTRODUCTION 178
10.2 NORTH AMERICA 180
10.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 181
10.2.2 US 185
10.2.2.1 Rising demand for EVs and renewable energy storage solutions to drive market 185
10.2.3 CANADA 186
10.2.3.1 Availability of critical minerals required to manufacture EV batteries to foster market growth 186
10.2.4 MEXICO 187
10.2.4.1 Growing emphasis on establishing advanced battery facilities to spur demand 187
10.3 EUROPE 187
10.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 188
10.3.2 GERMANY 193
10.3.2.1 Presence of stringent government regulations to regulate carbon emissions to boost demand 193
10.3.3 HUNGARY 193
10.3.3.1 Rising focus on increasing local EV battery production capacity to drive market 193
10.3.4 POLAND 194
10.3.4.1 Increasing establishment of battery component manufacturing plants to fuel market growth 194
10.3.5 UK 194
10.3.5.1 Surging need to meet growing demands of automotive sector to boost demand 194
10.3.6 FRANCE 195
10.3.6.1 Government-led initiatives to boost battery manufacturing to drive market 195
10.3.7 SWEDEN 195
10.3.7.1 Rising focus on sustainability to fuel market growth 195
10.3.8 REST OF EUROPE 196
10.4 ASIA PACIFIC 197
10.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 197
10.4.2 CHINA 202
10.4.2.1 High investments in EV market to accelerate demand 202
10.4.3 JAPAN 203
10.4.3.1 Increasing investments in gigafactories to boost demand 203
10.4.4 SOUTH KOREA 203
10.4.4.1 Availability of government-led subsidies for EV battery manufacturers to offer lucrative growth opportunities 203
10.4.5 AUSTRALIA 204
10.4.5.1 Establishment of large-scale lithium refining projects to drive market 204
10.4.6 REST OF ASIA PACIFIC 204
10.5 ROW 205
10.5.1 MACROECONOMIC OUTLOOK FOR ROW 205
10.5.2 MIDDLE EAST & AFRICA 208
10.5.2.1 Presence of lithium reserves to fuel market growth 208
10.5.3 SOUTH AMERICA 208
10.5.3.1 Rising emphasis on advancing sustainable transportation and energy storage technologies to offer lucrative growth opportunities 208
11 COMPETITIVE LANDSCAPE 210
11.1 OVERVIEW 210
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023 210
11.3 REVENUE ANALYSIS, 2019–2023 212
11.4 MARKET SHARE ANALYSIS, 2023 213
11.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 215
11.6 BRAND/PRODUCT COMPARISON 216
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 217
11.7.1 STARS 217
11.7.2 EMERGING LEADERS 217
11.7.3 PERVASIVE PLAYERS 217
11.7.4 PARTICIPANTS 217
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 219
11.7.5.1 Company footprint 219
11.7.5.2 Machine type footprint 220
11.7.5.3 Application footprint 221
11.7.5.4 Region footprint 222
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 223
11.8.1 PROGRESSIVE COMPANIES 223
11.8.2 RESPONSIVE COMPANIES 223
11.8.3 DYNAMIC COMPANIES 224
11.8.4 STARTING BLOCKS 224
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 225
11.8.5.1 Detailed list of key startups/SMEs 225
11.8.5.2 Competitive benchmarking of key startups/SMEs 225
11.9 COMPETITIVE SCENARIO 226
11.9.1 PRODUCT LAUNCHES 226
11.9.2 DEALS 227
11.9.3 OTHERS 228
12 COMPANY PROFILES 229
12.1 KEY PLAYERS 229
12.1.1 HITACHI HIGH-TECH CORPORATION 229
12.1.1.1 Business overview 229
12.1.1.2 Products/Solutions/Services offered 231
12.1.1.3 Recent developments 231
12.1.1.3.1 Product launches/Developments 231
12.1.1.3.2 Deals 231
12.1.1.4 MnM view 232
12.1.1.4.1 Key strengths/Right to win 232
12.1.1.4.2 Strategic choices 232
12.1.1.4.3 Weaknesses/Competitive threats 232
12.1.2 DÜRR GROUP 233
12.1.2.1 Business overview 233
12.1.2.2 Products/Solutions/Services offered 234
12.1.2.3 Recent developments 235
12.1.2.3.1 Deals 235
12.1.2.4 MnM view 235
12.1.2.4.1 Key strengths/Right to win 235
12.1.2.4.2 Strategic choices 235
12.1.2.4.3 Weaknesses/Competitive threats 236
12.1.3 LEAD INTELLIGENT EQUIPMENT CO., LTD. 237
12.1.3.1 Business overview 237
12.1.3.2 Products/Solutions/Services offered 238
12.1.3.3 Recent developments 238
12.1.3.3.1 Product launches/Developments 238
12.1.3.3.2 Deals 239
12.1.3.3.3 Others 239
12.1.3.4 MnM view 240
12.1.3.4.1 Key strengths/Right to win 240
12.1.3.4.2 Strategic choices 240
12.1.3.4.3 Weaknesses/Competitive threats 240
12.1.4 SCHULER GROUP 241
12.1.4.1 Business overview 241
12.1.4.2 Products/Solutions/Services offered 242
12.1.4.3 Recent developments 242
12.1.4.4 MnM view 243
12.1.4.4.1 Key strengths/Right to win 243
12.1.4.4.2 Strategic choices 243
12.1.4.4.3 Weaknesses/Competitive threats 243
12.1.5 SHENZHEN YINGHE TECHNOLOGY CO., LTD. 244
12.1.5.1 Business overview 244
12.1.5.2 Products/Solutions/Services offered 244
12.1.5.3 Recent developments 245
12.1.5.3.1 Product launches/Developments 245
12.1.5.3.2 Deals 245
12.1.5.3.3 Others 245
12.1.5.4 MnM view 246
12.1.5.4.1 Key strengths/Right to win 246
12.1.5.4.2 Strategic choices 246
12.1.5.4.3 Weaknesses/Competitive threats 246
12.1.6 BÜHLER 247
12.1.6.1 Business overview 247
12.1.6.2 Products/Solutions/Services offered 248
12.1.7 LYRIC 249
12.1.7.1 Business overview 249
12.1.7.2 Products/Solutions/Services offered 249
12.1.8 MANZ AG 250
12.1.8.1 Business overview 250
12.1.8.2 Products/Solutions/Services offered 251
12.1.8.3 Recent developments 252
12.1.8.3.1 Deals 252
12.1.8.3.2 Expansions 252
12.1.8.3.3 Others 253
12.1.9 NORDSON CORPORATION 254
12.1.9.1 Business overview 254
12.1.9.2 Products/Solutions/Services offered 255
 
12.1.10 ROSENDAHL NEXTROM 256
12.1.10.1 Business overview 256
12.1.10.2 Products/Solutions/Services offered 257
12.1.11 CKD CORPORATION 258
12.1.11.1 Business overview 258
12.1.11.2 Products/Solutions/Services offered 259
12.1.12 DAIICHI JITSUGYO CO., LTD. 260
12.1.12.1 Business overview 260
12.1.12.2 Products/Solutions/Services offered 261
12.2 OTHER PLAYERS 262
12.2.1 BRY-AIR (ASIA) PVT. LTD. 262
12.2.2 CHARLES ROSS & SON COMPANY 263
12.2.3 FOSHAN GOLDEN MILKY WAY INTELLIGENT EQUIPMENT CO., LTD. 264
12.2.4 HIRANO TECSEED CO., LTD 265
12.2.5 KAMPF LSF 266
12.2.6 MONDRAGON ASSEMBLY 267
12.2.7 NAGANO AUTOMATION 268
12.2.8 JIANGSU KATOP AUTOMATION CO., LTD. 269
12.2.9 SEMCO INFRATECH PVT. LTD. 270
12.2.10 XIAMEN TMAX BATTERY EQUIPMENTS LIMITED 271
12.2.11 XIAMEN LITH MACHINE LIMITED 272
12.2.12 XIAMEN TOB NEW ENERGY TECHNOLOGY CO., LTD. 273
12.2.13 GELON LIB GROUP CO., LTD. 274
13 ADJACENT MARKET 275
13.1 INTRODUCTION 275
13.2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE 275
13.2.1 LITHIUM-ION BATTERIES 276
13.2.1.1 Versatility to handle small-scale applications to boost demand 276
13.2.2 ADVANCED LEAD-ACID BATTERIES 278
13.2.2.1 Increasing application in off-grid energy systems to spur demand 278
13.2.3 FLOW BATTERIES 279
13.2.3.1 Easy replacement of electrolytes to fuel market growth 279
13.2.4 OTHER BATTERY TYPES 279
13.2.4.1 Sodium-sulfur batteries 279
13.2.4.2 Nickel-cadmium batteries 279
13.2.4.3 Nickel-metal hydride batteries 280
13.2.4.4 Nickel-iron batteries 280
13.2.4.5 Flywheel batteries 280
 
14 APPENDIX 281
14.1 DISCUSSION GUIDE 281
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 285
14.3 CUSTOMIZATION OPTIONS 287
14.4 RELATED REPORTS 287
14.5 AUTHOR DETAILS 288