Battery Manufacturing Equipment Market Size

Battery Manufacturing Equipment Market size was valued at USD 17.24 billion in 2024 and is likely to exceed USD 337.21 billion by the end of 2037, registering over 25.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of battery manufacturing equipment is evaluated at USD 20.78 billion.

Numerous factors, including the burgeoning energy storage market and the increased demand for electric vehicles, are driving up the price of lithium-ion batteries globally. Demand for automotive lithium-ion batteries rose by around 65% to 550 GWh in 2022. Businesses in the battery sector concentrate on creating environmentally friendly battery technologies and expanding their manufacturing capabilities to keep up with the increased demand. As a result, battery manufacturing facilities are multiplying quickly worldwide.

Recent years have seen a rise in the need for energy storage batteries as a result of elements like continuous system modernization. When there is a low demand for power, energy storage batteries are utilized to store excess energy for later usage by end users. In many countries around the world, including the US, Canada, Germany, France, China, India, and other major economies, the energy storage battery has been widely installed. The growing movement toward a low-carbon, less reliant on fossil fuels economy, and the continued development of renewable energy.