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 69
5.7.1 INDICATIVE PRICING ANALYSIS OF BATTERY PRODUCTION MACHINES,
BY KEY PLAYER 71
5.7.2 INDICATIVE PRICING ANALYSIS, BY MACHINE TYPE 72
5.7.3 INDICATIVE PRICING ANALYSIS, BY REGION 72
5.7.4 INDICATIVE PRICING ANALYSIS OF BATTERY CYCLERS, BY KEY PLAYER 74
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 74
5.9 INVESTMENT AND FUNDING SCENARIO 75
 
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 76
5.10.2 ADJACENT TECHNOLOGIES 76
5.10.2.1 EV technologies 76
5.10.2.2 Energy storage systems 76
5.10.2.3 Recycling technologies 77
5.10.3 COMPLEMENTARY TECHNOLOGIES 77
5.10.3.1 Quality control technologies 77
5.10.3.2 Automation and digital transformation 77
5.11 PORTER’S FIVE FORCES ANALYSIS 78
5.11.1 BARGAINING POWER OF SUPPLIERS 79
5.11.2 BARGAINING POWER OF BUYERS 79
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 SCENARIO (HS CODE 850650) 84
5.14.2 EXPORT SCENARIO (HS CODE 850650) 85
5.15 PATENT ANALYSIS 86
5.16 KEY CONFERENCES AND EVENTS, 2024–2025 90
5.17 REGULATORY LANDSCAPE 91
5.17.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 91
5.17.2 STANDARDS 94
5.17.3 REGULATIONS 95
5.18 IMPACT OF AI/GENERATIVE AI ON BATTERY PRODUCTION MACHINE MARKET 97
5.18.1 INTRODUCTION 97
5.18.2 IMPACT ON BATTERY PRODUCTION MACHINE MARKET 98
5.18.3 TOP USE CASES AND MARKET POTENTIAL 98
6 BATTERY MARKET INSIGHTS 101
6.1 INTRODUCTION 101
6.2 FUTURE LI-ION BATTERY PRODUCTION CAPACITY 101
6.3 ELECTRIC VEHICLE BATTERY MARKET TRENDS 102
6.4 GIGAFACTORIES 104
6.5 BATTERY ENERGY STORAGE SYSTEMS (BESS) 105
7 BATTERY PRODUCTION MACHINE MARKET, BY MACHINE TYPE 106
7.1 INTRODUCTION 107
7.2 MIXING MACHINES 110
7.2.1 ACCURACY IN BLENDING RAW MATERIALS TO DRIVE MARKET GROWTH 110
7.3 COATING AND DRYING MACHINES 116
7.3.1 ASSURANCE OF UNIFORMITY AND CONSISTENCY TO BOOST DEMAND 116
7.4 CALENDARING MACHINES 121
7.4.1 ONGOING ADVANCEMENTS IN CALENDARING TECHNOLOGY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 121
7.5 SLITTING MACHINES 127
7.5.1 GROWING NEED TO ADDRESS BURRING OR BUCKLING OF ELECTRODE EDGES ISSUES TO DRIVE DEMAND 127
7.6 ELECTRODE STACKING MACHINES 132
7.6.1 INCREASING ADOPTION OF SECONDARY BATTERIES IN EVS AND RENEWABLE ENERGY SECTOR TO FUEL MARKET GROWTH 132
7.7 ASSEMBLING AND HANDLING MACHINES 137
7.7.1 IMPLEMENTATION OF ROBOTICS AND DIGITAL TWIN TECHNOLOGY TO
FOSTER MARKET GROWTH 137
7.8 FORMATION AND TESTING MACHINES 142
7.8.1 INCREASING NEED TO OPTIMIZE BATTERY STABILITY AND PERFORMANCE
TO BOOST DEMAND 142
8 BATTERY PRODUCTION MACHINE MARKET, BY BATTERY TYPE 149
8.1 INTRODUCTION 150
8.2 NCA 153
8.2.1 INCREASING APPLICATION IN ELECTRIC POWERTRAINS AND GRID
STORAGE TO FUEL MARKET GROWTH 153
8.3 NMC 156
8.3.1 RISING DEMAND IN ENTRY-LEVEL EVS TO DRIVE MARKET 156
8.4 LFP 158
8.4.1 GROWING USE IN HIGH-POWER DEVICES AND EQUIPMENT
TO BOOST DEMAND 158
8.5 LMO 161
8.5.1 ABILITY TO SUPPORT DISCHARGE CURRENTS OF 20–30A WITH MINIMAL HEAT GENERATION TO FUEL MARKET GROWTH 161
 
8.6 LCO 163
8.6.1 SURGING ADOPTION IN PORTABLE ELECTRONICS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 163
8.7 LTO 165
8.7.1 GROWING USE FOR RENEWABLE ENERGY STORAGE AND UPS
TO BOOST DEMAND 165
9 BATTERY PRODUCTION MACHINE MARKET, BY APPLICATION 168
9.1 INTRODUCTION 169
9.2 AUTOMOTIVE 171
9.2.1 RISING FOCUS ON LOWERING CARBON EMISSIONS TO DRIVE MARKET 171
9.3 RENEWABLE ENERGY 173
9.3.1 EMPHASIS ON MODERNIZING GRIDS TO SPUR DEMAND 173
9.4 INDUSTRIAL 175
9.4.1 ABILITY TO OFFER ENHANCED SAFETY, LONG LIFE, AND OPERATIONAL EFFICIENCY TO ACCELERATE DEMAND 175
9.5 CONSUMER ELECTRONICS 176
9.5.1 INCREASING DEMAND FOR RAPID CHARGING AND HIGH-POWER
OUTPUTS TO FUEL MARKET GROWTH 176
9.6 OTHERS 177
10 BATTERY PRODUCTION MACHINE MARKET, BY REGION 179
10.1 INTRODUCTION 180
10.2 NORTH AMERICA 182
10.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 183
10.2.2 US 187
10.2.2.1 Rising demand for EVs and renewable energy storage solutions
to drive market 187
10.2.3 CANADA 188
10.2.3.1 Availability of critical minerals required to manufacture
EV batteries to foster market growth 188
10.2.4 MEXICO 189
10.2.4.1 Growing emphasis on establishing advanced battery facilities
to spur demand 189
10.3 EUROPE 189
10.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 190
10.3.2 GERMANY 195
10.3.2.1 Presence of stringent government regulations to regulate carbon emissions to boost demand 195
10.3.3 HUNGARY 195
10.3.3.1 Rising focus on increasing local EV battery production capacity
to drive market 195
10.3.4 POLAND 196
10.3.4.1 Increasing establishment of battery component manufacturing
plants to fuel market growth 196
10.3.5 UK 196
10.3.5.1 Surging need to meet growing demands of automotive
sector to boost demand 196
10.3.6 FRANCE 197
10.3.6.1 Government-led initiatives to boost battery manufacturing
to drive market 197
10.3.7 SWEDEN 197
10.3.7.1 Rising focus on sustainability to fuel market growth 197
10.3.8 REST OF EUROPE 198
10.4 ASIA PACIFIC 199
10.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 199
10.4.2 CHINA 203
10.4.2.1 High investments in EV market to accelerate demand 203
10.4.3 JAPAN 204
10.4.3.1 Increasing investments in gigafactories to boost demand 204
10.4.4 SOUTH KOREA 204
10.4.4.1 Availability of government-led subsidies for EV battery
manufacturers to offer lucrative growth opportunities 204
10.4.5 AUSTRALIA 205
10.4.5.1 Establishment of large-scale lithium refining projects to drive market 205
10.4.6 REST OF ASIA PACIFIC 205
10.5 ROW 206
10.5.1 MACROECONOMIC OUTLOOK FOR ROW 206
10.5.2 MIDDLE EAST & AFRICA 209
10.5.2.1 Presence of lithium reserves to fuel market growth 209
10.5.3 SOUTH AMERICA 210
10.5.3.1 Rising emphasis on advancing sustainable transportation and energy storage technologies to offer lucrative growth opportunities 210
11 COMPETITIVE LANDSCAPE 211
11.1 OVERVIEW 211
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023 211
11.3 REVENUE ANALYSIS, 2019–2023 213
11.4 MARKET SHARE ANALYSIS, 2023 214
11.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 216
11.6 BRAND/PRODUCT COMPARISON 217
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 219
11.7.1 STARS 219
11.7.2 EMERGING LEADERS 219
11.7.3 PERVASIVE PLAYERS 219
11.7.4 PARTICIPANTS 219
 
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 221
11.7.5.1 Company footprint 221
11.7.5.2 Machine type footprint 222
11.7.5.3 Application footprint 223
11.7.5.4 Region footprint 224
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 226
11.8.1 PROGRESSIVE COMPANIES 226
11.8.2 RESPONSIVE COMPANIES 226
11.8.3 DYNAMIC COMPANIES 226
11.8.4 STARTING BLOCKS 226
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 228
11.8.5.1 Detailed list of key startups/SMEs 228
11.8.5.2 Competitive benchmarking of key startups/SMEs 228
11.9 COMPETITIVE SCENARIO 229
11.9.1 PRODUCT LAUNCHES 229
11.9.2 DEALS 230
11.9.3 OTHERS 231
12 COMPANY PROFILES 232
12.1 KEY PLAYERS 232
12.1.1 HITACHI HIGH-TECH CORPORATION 232
12.1.1.1 Business overview 232
12.1.1.2 Products/Solutions/Services offered 234
12.1.1.3 Recent developments 234
12.1.1.3.1 Product launches/Developments 234
12.1.1.3.2 Deals 234
12.1.1.4 MnM view 235
12.1.1.4.1 Key strengths/Right to win 235
12.1.1.4.2 Strategic choices 235
12.1.1.4.3 Weaknesses/Competitive threats 235
12.1.2 DÜRR GROUP 236
12.1.2.1 Business overview 236
12.1.2.2 Products/Solutions/Services offered 237
12.1.2.3 Recent developments 238
12.1.2.3.1 Deals 238
12.1.2.3.2 Others 238
12.1.2.4 MnM view 239
12.1.2.4.1 Key strengths/Right to win 239
12.1.2.4.2 Strategic choices 239
12.1.2.4.3 Weaknesses/Competitive threats 239
 
12.1.3 LEAD INTELLIGENT EQUIPMENT CO., LTD. 240
12.1.3.1 Business overview 240
12.1.3.2 Products/Solutions/Services offered 241
12.1.3.3 Recent developments 241
12.1.3.3.1 Product launches/Developments 241
12.1.3.3.2 Deals 242
12.1.3.3.3 Others 242
12.1.3.4 MnM view 243
12.1.3.4.1 Key strengths/Right to win 243
12.1.3.4.2 Strategic choices 243
12.1.3.4.3 Weaknesses/Competitive threats 243
12.1.4 SCHULER GROUP 244
12.1.4.1 Business overview 244
12.1.4.2 Products/Solutions/Services offered 245
12.1.4.3 Recent developments 245
12.1.4.4 MnM view 246
12.1.4.4.1 Key strengths/Right to win 246
12.1.4.4.2 Strategic choices 246
12.1.4.4.3 Weaknesses/Competitive threats 246
12.1.5 SHENZHEN YINGHE TECHNOLOGY CO., LTD. 247
12.1.5.1 Business overview 247
12.1.5.2 Products/Solutions/Services offered 247
12.1.5.3 Recent developments 248
12.1.5.3.1 Product launches/Developments 248
12.1.5.3.2 Deals 248
12.1.5.3.3 Others 248
12.1.5.4 MnM view 249
12.1.5.4.1 Key strengths/Right to win 249
12.1.5.4.2 Strategic choices 249
12.1.5.4.3 Weaknesses/Competitive threats 249
12.1.6 BÜHLER 250
12.1.6.1 Business overview 250
12.1.6.2 Products/Solutions/Services offered 251
12.1.7 LYRIC 252
12.1.7.1 Business overview 252
12.1.7.2 Products/Solutions/Services offered 252
12.1.8 MANZ AG 253
12.1.8.1 Business overview 253
12.1.8.2 Products/Solutions/Services offered 255
12.1.8.3 Recent developments 255
12.1.8.3.1 Deals 255
12.1.8.3.2 Expansions 256
12.1.8.3.3 Others 256
12.1.9 NORDSON CORPORATION 257
12.1.9.1 Business overview 257
12.1.9.2 Products/Solutions/Services offered 258
12.1.10 ROSENDAHL NEXTROM 259
12.1.10.1 Business overview 259
12.1.10.2 Products/Solutions/Services offered 260
12.1.11 CKD CORPORATION 261
12.1.11.1 Business overview 261
12.1.11.2 Products/Solutions/Services offered 262
12.1.12 DAIICHI JITSUGYO CO., LTD. 263
12.1.12.1 Business overview 263
12.1.12.2 Products/Solutions/Services offered 264
12.2 OTHER PLAYERS 265
12.2.1 BRY-AIR (ASIA) PVT. LTD. 265
12.2.2 CHARLES ROSS & SON COMPANY 266
12.2.3 FOSHAN GOLDEN MILKY WAY INTELLIGENT EQUIPMENT CO., LTD. 267
12.2.4 HIRANO TECSEED CO., LTD 268
12.2.5 KAMPF LSF 269
12.2.6 MONDRAGON ASSEMBLY 270
12.2.7 NAGANO AUTOMATION 271
12.2.8 JIANGSU KATOP AUTOMATION CO., LTD. 272
12.2.9 SEMCO INFRATECH PVT. LTD. 273
12.2.10 XIAMEN TMAX BATTERY EQUIPMENTS LIMITED 274
12.2.11 XIAMEN LITH MACHINE LIMITED 275
12.2.12 XIAMEN TOB NEW ENERGY TECHNOLOGY CO., LTD. 276
12.2.13 GELON LIB GROUP CO., LTD. 277
12.2.14 TARGRAY 278
13 ADJACENT MARKET 279
13.1 INTRODUCTION 279
13.2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE 279
13.2.1 LITHIUM-ION BATTERIES 281
13.2.1.1 Versatility to handle small-scale applications to boost demand 281
13.2.2 ADVANCED LEAD-ACID BATTERIES 282
13.2.2.1 Increasing application in off-grid energy systems to spur demand 282
13.2.3 FLOW BATTERIES 283
13.2.3.1 Easy replacement of electrolytes to fuel market growth 283
13.2.4 OTHER BATTERY TYPES 283
13.2.4.1 Sodium-sulfur batteries 283
13.2.4.2 Nickel-cadmium batteries 283
13.2.4.3 Nickel-metal hydride batteries 284
13.2.4.4 Nickel-iron batteries 284
13.2.4.5 Flywheel batteries 284
14 APPENDIX 285
14.1 DISCUSSION GUIDE 285
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 289
14.3 CUSTOMIZATION OPTIONS 291
14.4 RELATED REPORTS 291
14.5 AUTHOR DETAILS 292