Global Mixing Equipment Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.69 Billion |
| Market Size (2029) | USD 4.42 Billion |
| CAGR (2024 - 2029) | 21.20 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Global Mixing Equipment Market Analysis
The Global Mixing Equipment Market For Battery Manufacturing Industry is expected to grow from USD 1.69 billion in 2024 to USD 4.42 billion by 2029, at a CAGR of 21.20% during the forecast period (2024-2029).
- Over the medium term, the increase in investments to enhance the battery production capacity and rising adoption of electric vehicles are expected to drive the market over the forecast period.
- On the other hand, the high logistic costs are expected to hamper the market growth over the forecast period.
- The increasing deployment of advanced battery solutions is leading to the expansion of battery manufacturing. This, along with technology development in battery manufacturing equipment, is expected to create a significant growth opportunity for the market during the forecast period.
- The market is expected to witness significant growth in North America due to the increasing battery applications across numerous end-use industries in the region.
Global Mixing Equipment Market Trends
Investments To Enhance the Battery Production Capacity is expected to Drive the Market Growth
- Battery manufacturing capacity has become a crucial focus for countries worldwide due to the increasing usage of batteries in various industries such as automotive, electronics, and renewable energy. To meet this demand, many countries are investing in expanding their battery manufacturing plant. Companies are focused on procuring mixing equipment.
- For instance, according to the Business Council for Sustainable Energy, in 2022, the US lithium-ion battery manufacturing capacity reached 108 GWh, compared to 59 GWh in 2021. The manufacturing capacity is expected to increase with rising demand from various end users, such as electric vehicles, battery energy storage, etc.
- The increasing demand for mixing equipment is a direct result of the increasing investments in deploying new battery manufacturing plants. These plants require specialized equipment to produce batteries efficiently and at scale. Mixing equipment plays a crucial role in ensuring the quality, performance, and safety of batteries.
- For instance, in October 2023, CATL, Contemporary Amperex Technology Co. Limited, a leading Chinese manufacturer of lithium-ion batteries, announced the opening of a new battery production base that boasts highly automated production lines capable of producing one cell every second. The facility is being constructed in two phases and is expected to have a combined annual capacity of 60 GWh.
- Thus, the increase in investments to enhance the battery production capacity is expected to drive the market over the forecast period.
The Market is Expected to Witness Significant Growth in North America
- North America is expected to witness significant growth due to factors such as support from the government for lithium-ion battery plant development, rising electric vehicle usage, and the formation of US battery machine builders.
- Encouraging companies to establish battery manufacturing plants in the United States can have a significant impact on the demand for battery manufacturing equipment, particularly mixing equipment. Battery manufacturing equipment, including mixing equipment, plays a crucial role in the production process. As the demand for batteries grows, so does the need for efficient and reliable mixing equipment to ensure high-quality battery production.
- For instance, in December 2023, Governor Cooper’s announcement of a new lithium-ion battery plant for Morrisville signified a significant investment in clean energy technology and job creation in North Carolina. Forge Nano Inc. and its investors are set to invest over USD 165 million to establish a lithium-ion battery manufacturing facility in Morrisville. The Forge Battery plant is projected to commence operations in 2026, contributing to the state’s economic growth and sustainability efforts.
- The increase in the usage and sales of electric vehicles in the United States has led to a corresponding rise in the production of electric vehicle (EV) batteries. This surge in EV battery production has increased the demand for mixing equipment to manufacture these batteries efficiently.
- For instance, in October 2023, Toyota Motor Corporation announced a significant boost in investment, allocating an additional USD 8 billion to its electric vehicle battery manufacturing plant in North Carolina. This move was part of the Japanese automaker’s accelerated efforts to electrify its vehicle lineup. Toyota aims to offer electrified options for all its models by 2025, and this investment would bring the total investment in the North Carolina plant to about USD 13.9 billion.
- Thus, owing to the increase in battery manufacturing, the demand for mixing equipment is expected to increase. Thus, the market is expected to witness significant growth in North America during the forecast period.
Global Mixing Equipment Industry Overview
The global mixing equipment market for battery manufacturing is semi-fragmented. The key players in the market include SIEHE GROUP, Charles Ross & Son Company, Xiamen Tmax Battery Equipments Limited, SCM GROUP LIMITED. HK, and XIAMEN TOB NEW ENERGY TECHNOLOGY Co. LTD.
Global Mixing Equipment Market Leaders
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SIEHE GROUP
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Charles Ross & Son Company
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Xiamen Tmax Battery Equipments Limited
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SCM GROUP LIMITED. HK
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XIAMEN TOB NEW ENERGY TECHNOLOGY Co., LTD.
*Disclaimer: Major Players sorted in no particular order
Global Mixing Equipment Market News
- September 2023: Fraunhofer Research Institution for Battery Cell Production used a 30-millimeter extruder at FFB’s new R&D site in Münster, Germany. Fraunhofer-Gesellschaft’s research organization is also building its FFB PreFab test facility, with a throughput of up to 1,200 liters of electrode/battery slurry per hour.
- May 2023: ONGOAL TECH, a leading company in the battery industry, exhibited its cutting-edge battery slurry mixing and material production line models at The Battery Show Europe 2023. The company utilized immersive 3D miniatures to showcase its comprehensive solutions for battery materials production and three types of slurry-mixing processes.
Global Mixing Equipment Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast, till 2029
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.1.1 The Increase in Investments to Enhance the Battery Production Capacity
- 4.5.1.2 Rising Adoption of Electric Vehicles
- 4.5.2 Restraints
- 4.5.2.1 The High Logistic Cost
- 4.6 Supply Chain Analysis
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4.7 Industry Attractiveness - Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes Products and Services
- 4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Wet Mixers
- 5.1.2 Dry Mixers
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.1.3 Rest of North America
- 5.2.2 Europe
- 5.2.2.1 Germany
- 5.2.2.2 France
- 5.2.2.3 United Kingdom
- 5.2.2.4 Italy
- 5.2.2.5 Spain
- 5.2.2.6 NORDIC
- 5.2.2.7 Turkey
- 5.2.2.8 Russia
- 5.2.2.9 Rest of Europe
- 5.2.3 Asia-Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 Australia
- 5.2.3.4 Japan
- 5.2.3.5 Malaysia
- 5.2.3.6 Thailand
- 5.2.3.7 Indonesia
- 5.2.3.8 Vietnam
- 5.2.3.9 Rest of Asia-Pacific
- 5.2.4 Middle East and Africa
- 5.2.4.1 Saudi Arabia
- 5.2.4.2 United Arab Emirates
- 5.2.4.3 Qatar
- 5.2.4.4 Egypt
- 5.2.4.5 Nigeria
- 5.2.4.6 South Africa
- 5.2.4.7 Rest of Middle East and Africa
- 5.2.5 South America
- 5.2.5.1 Brazil
- 5.2.5.2 Argentina
- 5.2.5.3 Columbia
- 5.2.5.4 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 SIEHE GROUP
- 6.3.2 Charles Ross & Son Company
- 6.3.3 Xiamen Tmax Battery Equipments Limited
- 6.3.4 SCM GROUP LIMITED. HK
- 6.3.5 XIAMEN TOB NEW ENERGY TECHNOLOGY Co. LTD
- 6.3.6 Processall
- 6.3.7 ONGOAL
- 6.3.8 Jongia Mixing Technology
- 6.3.9 IKA India Private Limited
- 6.3.10 MIXACO
- *List Not Exhaustive
- 6.4
- 6.5 Market Ranking Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Deployment of Advanced Battery Solutions
Global Mixing Equipment Industry Segmentation
Mixing equipment plays a crucial role in battery manufacturing processes, particularly in the production of lithium-ion batteries. The mixing of various components, such as electrode materials, binders, solvents, and additives, is essential to ensure the homogeneity and consistency of the battery materials.
The global mixing equipment market for battery manufacturing is segmented by type and geography. By type, the market is segmented into wet mixers and dry mixers. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report also covers the market size and forecasts for the global mixing equipment market for battery manufacturing across major regions. For each segment, the market sizing and forecasts have been done based on revenue.
| Type | Wet Mixers | |
| Dry Mixers | ||
| Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| France | ||
| United Kingdom | ||
| Italy | ||
| Spain | ||
| NORDIC | ||
| Turkey | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Australia | ||
| Japan | ||
| Malaysia | ||
| Thailand | ||
| Indonesia | ||
| Vietnam | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | Saudi Arabia |
| United Arab Emirates | ||
| Qatar | ||
| Egypt | ||
| Nigeria | ||
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Columbia | ||
| Rest of South America |
Global Mixing Equipment Market Research FAQs
How big is the Global Mixing Equipment Market For Battery Manufacturing Industry?
The Global Mixing Equipment Market For Battery Manufacturing Industry size is expected to reach USD 1.69 billion in 2024 and grow at a CAGR of 21.20% to reach USD 4.42 billion by 2029.
What is the current Global Mixing Equipment Market For Battery Manufacturing Industry size?
In 2024, the Global Mixing Equipment Market For Battery Manufacturing Industry size is expected to reach USD 1.69 billion.
Who are the key players in Global Mixing Equipment Market For Battery Manufacturing Industry?
SIEHE GROUP, Charles Ross & Son Company, Xiamen Tmax Battery Equipments Limited, SCM GROUP LIMITED. HK and XIAMEN TOB NEW ENERGY TECHNOLOGY Co., LTD. are the major companies operating in the Global Mixing Equipment Market For Battery Manufacturing Industry.
Which is the fastest growing region in Global Mixing Equipment Market For Battery Manufacturing Industry?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Mixing Equipment Market For Battery Manufacturing Industry?
In 2024, the Asia Pacific accounts for the largest market share in Global Mixing Equipment Market For Battery Manufacturing Industry.
What years does this Global Mixing Equipment Market For Battery Manufacturing Industry cover, and what was the market size in 2023?
In 2023, the Global Mixing Equipment Market For Battery Manufacturing Industry size was estimated at USD 1.33 billion. The report covers the Global Mixing Equipment Market For Battery Manufacturing Industry historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Mixing Equipment Market For Battery Manufacturing Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Mixing Equipment Industry Report
Statistics for the 2024 Global Mixing Equipment For Battery Manufacturing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Mixing Equipment For Battery Manufacturing analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
