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Li-ion Battery Slitting Machines Market Size And Forecast
Li-ion Battery Slitting Machines Market size was valued at USD 84.84 Million in 2022 and is projected to reach USD 231.69 Million by 2030, growing at a CAGR of 15.43% from 2023 to 2030.
Rising demand for Li-ion Battery Slitting Machines in Automotive, Electronics & Semiconductor, and Other Industry fueling the growth of the market. Additionally, increased demand for Li-ion Batteries led to the growth of the Li-ion Battery Slitting Machines Market. The Global Li-ion Battery Slitting Machines Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Li-ion Battery Slitting Machines Market Definition
The battery slitting machine is primarily used for vertical slitting of cathode and anode electrodes. The slicing edges are clean, free of burrs, and have dimensional accuracy. It’s an essential piece of equipment for preparing battery electrodes. The top and lower hobs, which are composed of a steel knife and a rubber knife, are crucial components. Slitting pasted electrodes-plates of rechargeable Li-ion batteries is done using this slitting machine. The electrode plate is either a steel belt or a copper belt. The cut plate verge is tidy, the cut plate size is precise, and the slit plates do not lose powder. Therefore, the equipment is essential in electrode-plates processing.
The slitting of pole pieces has become a process that cannot be ignored in the production of lithium-ion batteries. With the present market need for lithium battery pole pieces on the rise, slitting pole pieces has become a process that cannot be overlooked. As a result, the essential mechanical equipment for lithium battery makers is the pole-piece slitting machine. They are stocking up on devices that can slice and dice lithium-ion batteries more efficiently and quickly to generate the highest quality lithium-ion batteries.
Li-ion battery slitting machines are manual, semi-automatic, and fully automatic. In the cutting process, the automatic engine may perform functions such as automatic checking, automatic calibration, and automatic counting. The machine is small and uses meagre power. It has high precision and sensitivity as a device for slitting lithium battery pole parts. The material received and discharged passes through two high-precision air shafts, with the magnetic powder fracture and magnetic powder clutch regulating the tension. It offers the advantages of fast, accurate cutting and ease of use.
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Global Li-ion Battery Slitting Machines Market Overview
The demand for lithium-ion batteries is penetrating society, owing to its numerous significant applications in electronic vehicles, consumer electronics, and stationary storage. Lithium-ion batteries are packed into a pouch film made of aluminum and can be used as the power source for electronic vehicles and large-scale energy storage. These films are very light and can be molded into different shapes and sizes compared to ordinary square batteries. Consumers are increasingly aware of the environmental benefits of electric vehicles over traditional petrol or diesel-powered cars. This is likely to boost sales of electric vehicles, leading to an increase in demand for lithium-ion batteries slitting machines and driving growth prospects for this market. Hence, considering these advantages, lithium-ion battery-cutting devices are increasingly used in electric vehicles and stationary storage applications.
Battery technology has been known to humans for more than 2,000 years. But, it was commercialized in 1991. Lithium-ion batteries are extensively used in electric vehicles nowadays, as they play a vital role in reducing carbon emissions. The U.S., Canada, and Mexico are far behind Asian Countries in producing lithium-ion batteries and their components. One crucial disadvantage of lithium-ion battery manufacturers is that most lithium is imported from other countries. That involves the extra cost and may restrain battery film demand. The lithium-ion battery cell is a significant part of the battery. It has been observed that North America and APAC region lags in the supply chain of lithium, cobalt, and nickel.
Over the forecast period, market leaders are expected to increase their investment to reduce energy consumption and increase digitalization and output power. This is anticipated to help them market their goods in regions with high-quality equipment specifications, such as Europe and North America. Although all these advancements and technological adoptions are developing, the drift in the market is expected to propel the market’s growth globally. Slitting machines have undergone various technological advancements and have adopted automation technologies to enhance machine performances. A device with these features can automatically position knives, collect data, adjust processes, and perform many other functions, reducing the amount of manual work required. Furthermore, technological advancements, such as slitting machines equipped with touch screen PLC (Programmable Logic Controller), are significant trends in the global slitting machine market. As various industries adopt artificial intelligence (AI) and automation solutions to improve efficiency and effectiveness, the global slitting machine market is expected to grow during the forecast period.
Global Li-ion Battery Slitting Machines Market Segmentation Analysis
The Global Li-ion Battery Slitting Machines Market is segmented on the basis of Product, Application, and Geography.
Li-ion Battery Slitting Machines Market, By Product
• Manual
• Semi-Automatic
• Automatic
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Based on Product, the market is bifurcated into Automatic, Semi-Automatic, and Manual. The Automatic segment is accounted for the largest market share in 2021 and is projected to grow at a CAGR of 15.33% during the forecast period.
Fully automatic lithium-ion battery manufacturing slitting equipment can constantly slit the battery’s electrodes (zebra, stripe coating, etc.). The fully automatic slitting machines have no edge flaws like curling, rips, wrinkles, stretch, exposed foil, or visible jaggedness. People can observe that any function, including slitting speed, can be appropriately managed, which is another benefit of fully automatic slitting machine method. Additionally, there are fewer mishaps during operations.
Li-ion Battery Slitting Machines Market, By Application
• Automotive
• Electronics & Semiconductor
• Others
Based on Application, the market is bifurcated into Automotive, Electronics & Semiconductor, Others. The Automotive segment is accounted for the largest market share in 2021 and is projected to grow at the CAGR of 15.89% during the forecast period.
Increased consumer knowledge of the advantages of battery-powered vehicles and growing fossil fuel prices, notably in Asia Pacific, Europe, and North America, are credited with the segment’s growth. The use of electric vehicles has increased globally due to growing environmental concerns about carbon emissions in the automobile sector caused by fossil fuels. Government incentives and subsidies to encourage the usage of electric vehicles have also significantly lowered their cost. The popularity of electric vehicles has increased due to the availability of publicly accessible charging stations, particularly in Europe and North America, which has also increased the use of lithium-ion batteries. Electric cars can be divided into battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles, depending on their power source and intended use (PHEVs). Electric car usage and awareness are rising, which helps this market segment grow.
Li-ion Battery Slitting Machines Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
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Based on regional analysis, the Global Li-Ion Battery Slitting Machine Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific accounted for the largest market share and is projected to grow at a CAGR of 16.61% during the forecast period.
The usage of tools powered by lithium-ion batteries has expanded due to Asia Pacific’s ascent to prominence as a hub for global manufacturing. The region also has the most population in the entire world. As a result, consumer devices that rely on lithium-ion batteries for functioning, such as mobile phones and laptops, see strong sales in the Asia Pacific region.
Key Players
The “Global Li-ion Battery Slitting Machines Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Wuxi Lead Intelligent Equipment, NAURA Technology Group, Shenzhen Yinghe Technology, PNT, TOB Machine, Hohsen Corp, Xiamen Tmax Battery Equipments, Jiangmen Kanhoo, Linyi Gelon Lib Co., Ltd., Ruian Loyal Machinery and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• In December 2021, A lithium-ion battery manufacturing line will be built in Voderady, Slovakia, as per a purchasing agreement signed by Wuxi Lead and Innovate Auto.
The lead will design, produce, and assemble a unique turnkey solution of lithium-ion batteries for Innovate as the sole equipment provider for the project’s pilot phase. The entire plotline, which has the capacity to make 260,000 battery cells per year, plans to start producing batteries by the end of 2022.
• In March 2021, Achieving a lithium battery industrial park will invest Jiangmen Kanhoo Industry CNY3 billion (USD447 million). This park will be used to develop machinery for making lithium batteries and associated cathode materials.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD |
2019-2030 |
| BASE YEAR |
2022 |
| FORECAST PERIOD |
2023-2030 |
| HISTORICAL PERIOD |
2019-2021 |
| UNIT |
Value (USD Million) |
| KEY COMPANIES PROFILED |
Wuxi Lead Intelligent Equipment, NAURA Technology Group, Shenzhen Yinghe Technology, PNT, TOB Machine, Hohsen Corp, Xiamen Tmax Battery Equipments, & Others |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE |
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Li-ion Battery Slitting Machines Market Infographic
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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