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DELRAY BEACH, Fla., Oct. 2, 2024 /PRNewswire/ -- The global battery production machine market size is projected to reach USD 37.59 billion in 2029 from USD 13.26 billion in 2024, with a CAGR of 23.2% according to a new report by MarketsandMarkets™. Strong demand for electric vehicles (EVs) and the growth of gigafactories that are looking for advanced manufacturing equipment for lithium-ion batteries are key drivers for the battery production machine market. Advances in battery materials, government policies that support clean energy, and increased focus on sustainability are also fuelling the growth in demand. The market is further driven by a requirement for energy storage solutions in renewable applications.

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Battery Production Machine Market Report Scope:

Report Coverage Details Market Revenue in 2024 $ 13.26 billion Estimated Value by 2029 $ 37.59 billion Growth Rate Poised to grow at a CAGR of 23.2% Market Size Available for 2020–2029 Forecast Period 2024–2029 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Segments Covered By Machine Type, Battery Type, Application and Region Geographies Covered North America, Europe, Asia Pacific, and Rest of World Key Market Challenge Adaptability issues with continuously developing new battery technologies Key Market Opportunities Rising demand for lithium-ion batteries in various industries Key Market Drivers Favorable government policies and regulations

Nickel Manganese Cobalt (NMC) batteries are projected to achieve substantial CAGR growth in the battery production machine market during the forecast period.

Nickel Manganese Cobalt (NMC) battery is expected to grow with a significant CAGR in battery production machine market. This is due to its high energy density, thermal stability, and reliability compared to other solutions as it finds specific application in electric vehicles and energy storage. Its performance-to-cost value balance appeals to manufacturers looking towards increasing efficiency while managing the costs of their production processes. The demand for NMC batteries is on the rise in areas such as automotive, renewable energy, and consumer electronics. Specialized machinery for manufacturing NMC is expected to grow at an impressive CAGR during the forecast period.

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Key Players

Major companies operating in this battery production machine companies include Hitachi High-Tech Corporation (Japan), Dürr Group (Germany), Lead Intelligent Equipment Co., Ltd. (China), Schuler Group (Germany), and Yinghe Technology Co., Ltd .(China).

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