The Battery Contract Manufacturing Market size was valued at USD 4.6 billion in 2022 and is expected to grow to USD 14.90 billion by 2030 and grow at a CAGR of 15.8 % over the forecast period of 2023-2030.
Battery contract manufacturing has a number of benefits, including reduced prices, quicker production times, and access to specialised knowledge. Companies may concentrate on their core strengths and leave the manufacturing process to the pros by outsourcing the production of batteries. These causes were responsible for the expansion of the battery contract manufacturing market in the United States during the projected period.
The market is anticipated to increase as a result of growing electric car sales and the sector's expansion in renewable energy. It is anticipated that technological developments to lighten batteries and boost their power output would support industry growth. Additionally, effective distribution channels are probably going to be a key strategy for gaining a competitive edge. With a revenue share of 37.81%, lithium-ion accounted for the bulk of the worldwide battery contract manufacturing market in 2022.
KEY DRIVERS:
Growing automotive sector
Increasing demand for batteries
The market is anticipated to be driven by rising demand for lithium-ion batteries in smartphones due to their longer shelf life and increased efficiency. Additionally, rising consumer interest in electric cars as a result of increased consumer concern about lowering global carbon emissions is anticipated to boost market expansion.
RESTRAIN:
Decreasing price of custom lithium-ion batteries
Supply chain risk
OPPORTUNITY:
Storage technology advancements
Supportive government policies to encourage manufacturing investment
CHALLENGES:
Rising interest in pollution-free HEVs and EVs is anticipated to fuel battery
Demand for alternative options
Excellent safety and a long product life are features of LFP batteries. As portable and stationary applications need high load currents and durability, rising demand for lithium-ion phosphate batteries is anticipated to support market expansion. Over the course of the projection period, increasing demand for nickel cadmium batteries is anticipated due to their high specific energy, specific power, and extended lifespan. Medical equipment, industrial processes, and electric cars all require nickel cadmium.
IMPACT OF RUSSIAN UKRAINE WAR
Due to its effective energy storage per unit of weight, lithium has practically become unreplaceable in EV batteries.
Lithium consumption is expected to soar by 400% to 4,000% globally over the next few years. Without further investment in mining capacity, costs may grow too high for EV adoption as demand exceeds supply. Soon after the crisis started, Tesla announced a price raise of more than $2,370 for its Model Y vehicle, crushing Elon Musk's aim of cutting prices to draw in new consumers. A successful transition to sustainable energy requires lithium.
By Product
Lithium ton
Lithium-polymer
Lithium iron phosphate
Alkaline
Nickel Metal Hydride
Nickel Cadmium
By Application
Electric vehicles
Consumer Electronics
Defense / Military
Telecom Towers
Energy Storage System
Mining
Space
Marine and sub-marines
Others
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In 2021, the industrial battery market was dominated by Asia-Pacific, and this dominance is anticipated to persist throughout the forecast period. China, India, Japan, and other Asian countries are the key market drivers for industrial batteries in the region South Korea, too.
Due to the growing usage of lithium-ion batteries in energy storage systems, electric cars, and other applications, the Germany market for battery contract manufacturing is anticipated to rise moderately during the course of the forecast period, gadgetry for the home. The development of renewable energies and energy storage technologies are both prominent industries in Germany.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Samsung SDI and Stellantis NV declared in October 2021 that they had signed a joint venture (JV) memorandum of understanding (MOU) to create battery cells and modules for North America. The project is scheduled to begin in 2025. The project wants to reach a 23 gigawatt-hour initial annual output capacity having the potential to grow in the future to 40 gigawatt hours.
In June 2021, the Chhattisgarh State Renewable Energy Development Agency (CREDA) issued a call for proposals to purchase 15,000 on-site, low-maintenance lead-acid batteries for solar power applications of various powers. The contract was valued at around $1.37 million USD.
Rose Batteries, Ttek Assemblies Inc., PH2, Johnson Controls, Valmet Automotive, Tiger Electronics, inc., Coulometrics, LLC, Enersys, Exide Industries Limited and other players are listed in a final report.
| Report Attributes | Details |
| Market Size in 2022 | US$ 4.6 Bn |
| Market Size by 2030 | US$ 14.90 Bn |
| CAGR | CAGR of 15.8 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Lithium ton, Lithium-polymer, Lithium iron phosphate, Alkaline, Nickel Metal Hydride, Nickel Cadmium) • By Application (Electric vehicles, Consumer Electronics, Defense / Military, Telecom Towers, Energy Storage System, Mining, Space, Marine and sub-marines, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Rose Batteries, Ttek Assemblies Inc., PH2, Johnson Controls, Valmet Automotive, Tiger Electronics, inc., Coulometrics, LLC, Enersys, Exide Industries Limited |
| Key Drivers | • Growing automotive sector • Increasing demand for batteries |
| Market Restraints | • Decreasing price of custom lithium-ion batteries • Supply chain risk |
Ans: Battery Contract Manufacturing Market is anticipated to expand by 15.8 % from 2023 to 2030.
Ans: USD 17.22 billion is expected to grow by 2030.
Ans: Battery Contract Manufacturing Market size was valued at USD 4.6 billion in 2022
Ans: Acia Pacific is dominating the market.
Ans: Storage technology advancements and Supportive government policies to encourage manufacturing investment
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Battery Contract Manufacturing Market Segmentation, By Product
8.1Lithium ton
8.2Lithium-polymer
8.3Lithium iron phosphate
8.4Alkaline
8.5Nickel Metal Hydride
8.6Nickel Cadmium
9. Battery Contract Manufacturing Market Segmentation, By Application
9.1Electric vehicles
9.2Consumer Electronics
9.3Defense / Military
9.4Telecom Towers
9.5Energy Storage System
9.6Mining
9.7Space
9.8Marine and sub-marines
9.9Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Battery Contract Manufacturing Market by Country
10.2.2North America Battery Contract Manufacturing Market by Product
10.2.3 North America Battery Contract Manufacturing Market by Application
10.2.4 USA
10.2.4.1 USA Battery Contract Manufacturing Market by Product
10.2.4.2 USA Battery Contract Manufacturing Market by Application
10.2.5 Canada
10.2.5.1 Canada Battery Contract Manufacturing Market by Product
10.2.5.2 Canada Battery Contract Manufacturing Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Battery Contract Manufacturing Market by Product
10.2.6.2 Mexico Battery Contract Manufacturing Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Battery Contract Manufacturing Market by Country
10.3.1.2 Eastern Europe Battery Contract Manufacturing Market by Product
10.3.1.3 Eastern Europe Battery Contract Manufacturing Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Battery Contract Manufacturing Market by Product
10.3.1.4.2 Poland Battery Contract Manufacturing Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Battery Contract Manufacturing Market by Product
10.3.1.5.2 Romania Battery Contract Manufacturing Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Battery Contract Manufacturing Market by Product
10.3.1.6.2 Hungary Battery Contract Manufacturing Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Battery Contract Manufacturing Market by Product
10.3.1.7.2 Turkey Battery Contract Manufacturing Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Battery Contract Manufacturing Market by Product
10.3.1.8.2 Rest of Eastern Europe Battery Contract Manufacturing Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Battery Contract Manufacturing Market by Country
10.3.2.2 Western Europe Battery Contract Manufacturing Market by Product
10.3.2.3 Western Europe Battery Contract Manufacturing Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Battery Contract Manufacturing Market by Product
10.3.2.4.2 Germany Battery Contract Manufacturing Market by Application
10.3.2.5 France
10.3.2.5.1 France Battery Contract Manufacturing Market by Product
10.3.2.5.2 France Battery Contract Manufacturing Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Battery Contract Manufacturing Market by Product
10.3.2.6.2 UK Battery Contract Manufacturing Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Battery Contract Manufacturing Market by Product
10.3.2.7.2 Italy Battery Contract Manufacturing Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Battery Contract Manufacturing Market by Product
10.3.2.8.2 Spain Battery Contract Manufacturing Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Battery Contract Manufacturing Market by Product
10.3.2.9.2 Netherlands Battery Contract Manufacturing Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Battery Contract Manufacturing Market by Product
10.3.2.10.2 Switzerland Battery Contract Manufacturing Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Battery Contract Manufacturing Market by Product
10.3.2.11.2 Austria Battery Contract Manufacturing Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Battery Contract Manufacturing Market by Product
10.3.2.12.2 Rest of Western Europe Battery Contract Manufacturing Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Battery Contract Manufacturing Market by Country
10.4.2 Asia Pacific Battery Contract Manufacturing Market by Product
10.4.3 Asia Pacific Battery Contract Manufacturing Market by Application
10.4.4 China
10.4.4.1 China Battery Contract Manufacturing Market by Product
10.4.4.2 China Battery Contract Manufacturing Market by Application
10.4.5 India
10.4.5.1 India Battery Contract Manufacturing Market by Product
10.4.5.2 India Battery Contract Manufacturing Market by Application
10.4.6 Japan
10.4.6.1 Japan Battery Contract Manufacturing Market by Product
10.4.6.2 Japan Battery Contract Manufacturing Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Battery Contract Manufacturing Market by Product
10.4.7.2 South Korea Battery Contract Manufacturing Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Battery Contract Manufacturing Market by Product
10.4.8.2 Vietnam Battery Contract Manufacturing Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Battery Contract Manufacturing Market by Product
10.4.9.2 Singapore Battery Contract Manufacturing Market by Application
10.4.10 Australia
10.4.10.1 Australia Battery Contract Manufacturing Market by Product
10.4.10.2 Australia Battery Contract Manufacturing Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Battery Contract Manufacturing Market by Product
10.4.11.2 Rest of Asia-Pacific APAC Battery Contract Manufacturing Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Battery Contract Manufacturing Market by Country
10.5.1.2 Middle East Battery Contract Manufacturing Market by Product
10.5.1.3 Middle East Battery Contract Manufacturing Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Battery Contract Manufacturing Market by Product
10.5.1.4.2 UAE Battery Contract Manufacturing Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Battery Contract Manufacturing Market by Product
10.5.1.5.2 Egypt Battery Contract Manufacturing Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Battery Contract Manufacturing Market by Product
10.5.1.6.2 Saudi Arabia Battery Contract Manufacturing Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Battery Contract Manufacturing Market by Product
10.5.1.7.2 Qatar Battery Contract Manufacturing Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Battery Contract Manufacturing Market by Product
10.5.1.8.2 Rest of Middle East Battery Contract Manufacturing Market by Application
10.5.2 Africa
10.5.2.1 Africa Battery Contract Manufacturing Market by Country
10.5.2.2 Africa Battery Contract Manufacturing Market by Product
10.5.2.3 Africa Battery Contract Manufacturing Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Battery Contract Manufacturing Market by Product
10.5.2.4.2 Nigeria Battery Contract Manufacturing Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Battery Contract Manufacturing Market by Product
10.5.2.5.2 South Africa Battery Contract Manufacturing Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Battery Contract Manufacturing Market by Product
10.5.2.6.2 Rest of Africa Battery Contract Manufacturing Market by Application
10.6 Latin America
10.6.1 Latin America Battery Contract Manufacturing Market by Country
10.6.2 Latin America Battery Contract Manufacturing Market by Product
10.6.3 Latin America Battery Contract Manufacturing Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Battery Contract Manufacturing Market by Product
10.6.4.2 Brazil Africa Battery Contract Manufacturing Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Battery Contract Manufacturing Market by Product
10.6.5.2 Argentina Battery Contract Manufacturing Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Battery Contract Manufacturing Market by Product
10.6.6.2 Colombia Battery Contract Manufacturing Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Battery Contract Manufacturing Market by Product
10.6.7.2 Rest of Latin America Battery Contract Manufacturing Market by Application
11 Company Profile
11.1 Rose Batteries
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Ttek Assemblies Inc.
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 PH2
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Johnson Controls
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Valmet Automotive
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Tiger Electronics, inc.
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Coulometrics
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 LLC
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Enersys
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Exide Industries Limited
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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