Global Custom Battery Pack Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Custom Battery Pack Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029


Custom battery packs’ specifications (shape & size) are personalized to meet the unique needs of the application. Each pack is inspected for defects or quality issues. Custom battery packs are made using nonferrous metals and minerals such as Li-Ion, Li-poly, Ni-Cd, Ni-MH, and Sealed Lead Acid. Increasing complexity and demand for clean energy have created a need for custom battery packs to provide a long span life in a compact form.

Market Overview:

The latest research study on the global Custom Battery Pack market finds that the global Custom Battery Pack market reached a value of USD 23533.4 million in 2022. It’s expected that the market will achieve USD 47272.9 million by 2028, exhibiting a CAGR of 12.33% during the forecast period.

Continuous innovation and development of the industry

The industrial revolution has challenged the battery manufacturing industry to create competitive and sustainable custom solutions. The market for battery storage systems has been observing significant growth in the past few years, with vast scope in many applications - from tiny electronic devices to massive military instruments. Li-Ion s largely drive market growth by battery type, with huge investments and efforts by manufacturers to expand the design and build of customized battery packs. Custom battery packs have seen rapid improvements in performance and cost due to extensive research and development activities in lithium-ion (Li-ion) batteries and prominent growth in developed economies. These investments by existing and new players have built a vast ecosystem; for instance, research institutes, manufacturers, and end-users such as automotive, electronic devices, and utilities have expanded the application range of custom battery packs. These batteries’ voltage and current are designed as per application for use in different combinations.

Battery recycling dilemma

A key restraint is the battery recycling dilemma that companies face. Recycling could reduce the quantity of material going into landfills. Cobalt, nickel, manganese, and other metals found in batteries can readily leak from the casing of buried batteries and contaminate soil and groundwater, threatening ecosystems, and human health. The batteries are valuable and recyclable, but because of technical constraints, economic barriers, logistic issues, and regulatory gaps and other factors, less than 5% are recycled today. According to the U.S. Environmental Protection Agency (EPA), around 350 million rechargeable batteries are purchased every year in the U.S., and the number continues to grow exponentially. As mercury is also highly toxic, especially in vapor form, various governments have banned the use of mercury batteries in many regions.

Custom Battery Pack registers incredible demand from many industry verticals like defense, automotive, medical devices, aerospace, and oil and gas instruments. Different recycling schemes will require to be in place to overcome the challenges related to waste collection in landfills. With the boom of custom batteries, researchers and environmentalists are looking for new solutions for developments in the recycling process.

Region Overview:

In 2022, the share of the Custom Battery Pack market in Asia Pacific stood at 38.15%.

Company Overview:

CATL is one of the major players operating in the Custom Battery Pack market, holding a share of 15.2% in 2023.

CATL

Contemporary Amperex Technology Co. Limited, abbreviated as CATL, is a Chinese battery manufacturer and technology company founded in 2011 that specializes in the manufacturing of lithium-ion batteries for electric vehicles and energy storage systems, as well as battery management systems.

LG

LG got there first. Founded in 1947, it was Korea's first chemical company. The company produces a variety of products, including petrochemicals, pharmaceuticals, and specialty chemicals. The Petrochemicals unit makes basic chemicals like ethylene, propylene, and their derivatives, as well as PVC, acrylates, and engineering plastics. The company's Advanced Materials segment produces rechargeable batteries and display materials.

Segmentation Overview:

As for product types, the Li-Ion segment held the largest market share in 2022.

Li-Ion

Lithium ion (Li-ion) battery packs are an advanced chemistry that provides increased performance over nickel- or lead-based chemistries at a price premium. Li-ion and lithium polymer batteries can have as much as twice the energy density of NiCd (nickel cadmium) batteries, have relatively low self-discharge rates, and are capable of high discharge currents.

Li-Poly

Li-Polymer batteries show in Compact Battery Shape, Reasonable Tolerance (including Swell Space), Higher Energy Density and Longer Cycles Rechargeable Battery Life. Lithium polymer batteries differ from lithium-ion batteries only in construction. The difference in construction over conventional Li-ion cells allows for lower cost, safer operation, and flexible packaging options. The size of lithium polymer cells is a major factor and what makes custom lithium polymer battery packs and battery assemblies the battery of choice for many applications. Wearable products, medical monitors, IoT devices, handheld, and new product designs that require very low profile cells and lower cost batteries.

NiMH

Custom Nickel Metal Hydride (NiMH) battery packs are an increasingly popular choice for many applications due to their low cost, durability, and low operating risks for the end user. This chemistry type can offer a wider operating temperature range than some lithium batteries, which, combined with the much lower development and product costs, makes NiMH the product of choice for many commercial and industrial applications.

NiCd

Nickel Cadmium (NiCd) is a well-established chemistry for custom battery packs & assemblies. Although newer battery chemistries have taken the spotlight in recent years, Nickel Cadmium still remains a viable chemistry today. In the past, NiCd offered the widest variety of cells and construction methods available. More recently, however, size selection has become somewhat more limited as NiCd batteries have been banned in some regions due to environmental concerns. Since around 1990, NiCd cells and batteries have been banned for use in consumer electronics in some regions of the world, particularly in Europe. This is because cadmium is a toxic heavy metal. Most Nickel Cadmiums for portable applications are either spiral wound cylindrical cells or button cells. There are larger plate Nickel Cadmium wet cells used in aircraft and long term stationary applications.

SLA

Low initial cost and easy maintenance are good reasons to choose sealed lead acid (SLA) battery packs. Sealed lead acid has the lowest energy density of the rechargeable batteries. There are many instances, however, when sealed lead acid is an excellent choice. Sealed lead acid is a good choice when size and weight aren't critical factors and cost must be kept low. This chemistry is usually found in stationary applications like uninterruptible power supplies and emergency lighting. Because sealed lead acid is predictable and easy to maintain, it's a popular choice for medical applications.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Custom Battery Pack market covered in Chapter 3:

SDI
Steatite
Pti Technologies
CATL
ElectroChem
E4V (Group Universe VE)
Pride
Zeus Battery Products
LG
Ultralife Corporation
Cadex Electronics Inc.
Battery Clinic Inc.
Excell Battery Co.
GPBM Industry
PMBL Ltd
SAFT
Elecsys France
Panasonic
Inventus Power
BMZ Group
PowerTech Systems
BYD

In Chapter 4 and Chapter 14.2, on the basis of types, the Custom Battery Pack market from 2018 to 2029 is primarily split into:

Li-Ion
Li-Poly
NiMH
NiCd
SLA

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Custom Battery Pack market from 2018 to 2029 covers:

Medical
Military
Aerospace
Data Center
Portable devices
Automotive
Agriculture
Mining and Construction

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)


Chapter 1 Market Definition and Statistical Scope
Chapter 2 Research Findings and Conclusion
Chapter 3 Key Companies’ Profile
Chapter 4 Global Custom Battery Pack Market Segmented by Type
Chapter 5 Global Custom Battery Pack Market Segmented by Downstream Industry
Chapter 6 Custom Battery Pack Industry Chain Analysis
Chapter 7 The Development and Dynamics of Custom Battery Pack Market
Chapter 8 Global Custom Battery Pack Market Segmented by Geography
Chapter 9 North America
Chapter 10 Europe
Chapter 11 Asia Pacific
Chapter 12 Latin America
Chapter 13 Middle East & Africa
Chapter 14 Global Custom Battery Pack Market Forecast by Geography, Type, and Downstream Industry 2023-2029
Chapter 15 Appendix

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