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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1569818

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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1569818

Custom Battery Pack Market Forecasts to 2030 - Global Analysis By Battery Type, Cell Type, Configuration, Battery Capacity, Voltage Range, Application and By Geography

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According to Stratistics MRC, the Global Custom Battery Pack Market is accounted for $50.7 billion in 2024 and is expected to reach $146.1 billion by 2030 growing at a CAGR of 19.3% during the forecast period. A custom battery pack is a specialized power source designed and assembled to meet specific requirements of a particular device or application. Unlike off-the-shelf batteries, custom packs are tailored in terms of voltage, capacity, and size to optimize performance and efficiency. They often incorporate safety features, battery management systems, and specific connectors. Custom battery packs are widely used in medical devices, consumer electronics, electric vehicles, aerospace, and industrial equipment.

According to the International Energy Agency (IEA), global electric car sales reached 10 million units in 2022, a 55% increase from 2021. The IEA also projects that electric vehicles could represent 60% of new car sales globally by 2030.

Market Dynamics:

Driver:

Growing demand for electric vehicles

The rapid adoption of electric vehicles is driving significant demand for custom battery packs. As automakers expand their EV lineups, they require tailored battery solutions to meet specific vehicle performance, range, and safety requirements. This is fueling growth and innovation in the custom battery pack market as manufacturers develop optimized packs for various EV models and applications.

Restraint:

High development costs

The process of designing and manufacturing custom battery packs involves substantial research, engineering, and testing costs. Developing packs tailored to specific applications requires significant investment in expertise, equipment, and quality control measures. These high upfront costs can be prohibitive for some companies and limit market growth, especially for smaller-scale or niche applications.

Opportunity:

Integration of IOT and smart technologies

Incorporating Internet of Things (IoT) connectivity and smart features into custom battery packs presents a major opportunity. IoT integration enables remote monitoring, predictive maintenance, and performance optimization of battery systems. Smart battery management systems can improve efficiency, extend battery life, and provide valuable data insights. This technological integration adds value and differentiation to custom battery pack offerings.

Threat:

Alternative energy storage solutions

Alternative energy storage solutions, such as supercapacitors, fuel cells, and advanced solid-state batteries, pose a significant threat to the custom battery pack market. These technologies offer advantages like faster charging times, higher energy densities, longer lifespans, and better environmental sustainability compared to traditional custom battery packs. As industries, particularly electric vehicles (EVs) and renewable energy systems, seek more efficient and sustainable energy storage solutions, the adoption of alternatives could reduce the demand for conventional battery packs.

Covid-19 Impact:

The pandemic disrupted supply chains and manufacturing operations in the battery industry, causing temporary production slowdowns. However, it also accelerated the shift towards electrification and renewable energy, boosting long-term demand for custom battery packs. The crisis highlighted the need for localized and resilient battery supply chains, potentially benefiting some custom pack manufacturers.

The lithium-ion (Li-ion) battery segment is expected to be the largest during the forecast period

The lithium-ion (Li-ion) battery segment is expected to be the largest during the forecast period. Li-ion technology offers high energy density, long cycle life, and declining costs, making it the preferred choice for most custom battery pack applications. Its versatility allows customization for diverse needs across industries like automotive, consumer electronics, and energy storage. Ongoing advancements in Li-ion chemistry and manufacturing are further cementing its market dominance.

The series segment is expected to have the highest CAGR during the forecast period

The series segment is expected to have the highest CAGR during the forecast period. Series-connected battery packs offer higher voltage capabilities crucial for many high-power applications like electric vehicles and industrial equipment. The growing demand for higher voltage systems in various sectors is driving rapid adoption of series battery pack configurations. This trend is fueling innovations in battery management systems and pack designs optimized for series arrangements.

Region with largest share:

The Asia Pacific region is projected to account for the largest market share during the forecast period. This dominance is driven by the region's massive electric vehicle market, particularly in China, as well as its strong consumer electronics manufacturing base. Asia Pacific is home to many of the world's largest battery cell and pack manufacturers, giving it a competitive edge in the custom battery pack market.

Region with highest CAGR:

The Asia Pacific region is also predicted to witness the highest growth rate throughout the forecast period. Rapid industrialization, increasing adoption of renewable energy systems, and supportive government policies for electrification are fueling this growth. The region's expanding middle class and rising demand for portable electronics further contribute to the burgeoning custom battery pack market in Asia Pacific.

Key players in the market

Some of the key players in Custom Battery Pack Market include Elecsys France, Inventus Power, Zeus Battery Products, Battery Clinic Inc., Cadex Electronics Inc., Panasonic, ElectroChem, BMZ Group, PowerTech Systems, Ultralife Corporation, GPBM Industry, Excell Battery Co., PMBL Ltd, Steatite, CATL, LG Energy Solution, Samsung SDI, and BYD Company Ltd.

Key Developments:

In August 2024, Samsung SDI recently unveiled its latest EV battery technology featuring advanced solid-state batteries (SSBs) that promises to redefine battery performance and practicality in electric car applications. The battery packs have already reached vehicle OEMs for evaluation, the company has said.

In June 2023, General Motors (GM) and Samsung SDI are building a $3bn electric vehicle (EV) battery cell plant in the state of Indiana in the east of the US. Operations at the plant are due to begin in 2026 with construction beginning this year. The plant will have more than 30 gigawatt-hours of capacity and will build nickel-rich prismatic and cylindrical cells.

In March 2020, Leading Chinese battery and electric vehicle manufacturers like BYD have introduced a new type of car battery called the "Blade Battery." This battery has gained widespread attention in 2021-2022, being touted as a game-changer in the electric vehicle industry.

Battery Types Covered:

  • Lithium-Ion (Li-ion) Battery
  • Nickel-Metal Hydride (NiMH) Battery
  • Nickel-Cadmium (NiCd) Battery
  • Lead-Acid Battery
  • Alkaline Battery
  • Solid-State Battery
  • Other Battery Types

Cell Types Covered:

  • Cylindrical
  • Pouch
  • Prismatic
  • Button/Coin
  • Other Cell Types

Configurations Covered:

  • Series
  • Parallel
  • Series-Parallel

Battery Capacities Covered:

  • Less than 1000 mAh
  • 1000 mAh - 5000 mAh
  • 5000 mAh - 10000 mAh
  • More than 10000 mAh

Voltage Ranges Covered:

  • Low Voltage (< 12V)
  • Medium Voltage (12V - 48V)
  • High Voltage (> 48V)

Applications Covered:

  • Consumer Electronics
  • Defense & Aerospace
  • Medical Devices
  • Industrial Applications
  • Automotive
  • Smart Home Devices
  • Telecommunications Equipment
  • Marine Applications
  • Other Applications

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC27326

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Custom Battery Pack Market, By Battery Type

  • 5.1 Introduction
  • 5.2 Lithium-Ion (Li-ion) Battery
  • 5.3 Nickel-Metal Hydride (NiMH) Battery
  • 5.4 Nickel-Cadmium (NiCd) Battery
  • 5.5 Lead-Acid Battery
  • 5.6 Alkaline Battery
  • 5.7 Solid-State Battery
  • 5.8 Other Battery Types
    • 5.8.1 Flow Batteries
    • 5.8.2 Zinc-Air Batteries
    • 5.8.3 Lithium-Sulfur Batteries

6 Global Custom Battery Pack Market, By Cell Type

  • 6.1 Introduction
  • 6.2 Cylindrical
  • 6.3 Pouch
  • 6.4 Prismatic
  • 6.5 Button/Coin
  • 6.6 Other Cell Types

7 Global Custom Battery Pack Market, By Configuration

  • 7.1 Introduction
  • 7.2 Series
  • 7.3 Parallel
  • 7.4 Series-Parallel

8 Global Custom Battery Pack Market, By Battery Capacity

  • 8.1 Introduction
  • 8.2 Less than 1000 mAh
  • 8.3 1000 mAh - 5000 mAh
  • 8.4 5000 mAh - 10000 mAh
  • 8.5 More than 10000 mAh

9 Global Custom Battery Pack Market, By Voltage Range

  • 9.1 Introduction
  • 9.2 Low Voltage (< 12V)
  • 9.3 Medium Voltage (12V - 48V)
  • 9.4 High Voltage (> 48V)

10 Global Custom Battery Pack Market, By Application

  • 10.1 Introduction
  • 10.2 Consumer Electronics
    • 10.2.1 Smartphones
    • 10.2.2 Laptops & Tablets
    • 10.2.3 Wearable Devices
    • 10.2.4 Portable Audio Devices
  • 10.3 Defense & Aerospace
    • 10.3.1 Military Applications
    • 10.3.2 Aviation
    • 10.3.3 Space Exploration
  • 10.4 Medical Devices
    • 10.4.1 Hearing Aids
    • 10.4.2 Pacemakers
    • 10.4.3 Insulin Pumps
    • 10.4.4 Portable Diagnostic Equipment
  • 10.5 Industrial Applications
    • 10.5.1 Power Tools
    • 10.5.2 Robotics
    • 10.5.3 Energy Storage Systems
    • 10.5.4 Industrial Equipment
  • 10.6 Automotive
    • 10.6.1 Electric Vehicles
    • 10.6.2 Hybrid Vehicles
    • 10.6.3 E-bikes and E-scooters
  • 10.7 Smart Home Devices
  • 10.8 Telecommunications Equipment
  • 10.9 Marine Applications
  • 10.10 Other Applications

11 Global Custom Battery Pack Market, By Geography

  • 11.1 Introduction
  • 11.2 North America
    • 11.2.1 US
    • 11.2.2 Canada
    • 11.2.3 Mexico
  • 11.3 Europe
    • 11.3.1 Germany
    • 11.3.2 UK
    • 11.3.3 Italy
    • 11.3.4 France
    • 11.3.5 Spain
    • 11.3.6 Rest of Europe
  • 11.4 Asia Pacific
    • 11.4.1 Japan
    • 11.4.2 China
    • 11.4.3 India
    • 11.4.4 Australia
    • 11.4.5 New Zealand
    • 11.4.6 South Korea
    • 11.4.7 Rest of Asia Pacific
  • 11.5 South America
    • 11.5.1 Argentina
    • 11.5.2 Brazil
    • 11.5.3 Chile
    • 11.5.4 Rest of South America
  • 11.6 Middle East & Africa
    • 11.6.1 Saudi Arabia
    • 11.6.2 UAE
    • 11.6.3 Qatar
    • 11.6.4 South Africa
    • 11.6.5 Rest of Middle East & Africa

12 Key Developments

  • 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 12.2 Acquisitions & Mergers
  • 12.3 New Product Launch
  • 12.4 Expansions
  • 12.5 Other Key Strategies

13 Company Profiling

  • 13.1 Elecsys France
  • 13.2 Inventus Power
  • 13.3 Zeus Battery Products
  • 13.4 Battery Clinic Inc.
  • 13.5 Cadex Electronics Inc.
  • 13.6 Panasonic
  • 13.7 ElectroChem
  • 13.8 BMZ Group
  • 13.9 PowerTech Systems
  • 13.10 Ultralife Corporation
  • 13.11 GPBM Industry
  • 13.12 Excell Battery Co.
  • 13.13 PMBL Ltd
  • 13.14 Steatite
  • 13.15 CATL
  • 13.16 LG Energy Solution
  • 13.17 Samsung SDI
  • 13.18 BYD Company Ltd.
Product Code: SMRC27326

List of Tables

  • Table 1 Global Custom Battery Pack Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Custom Battery Pack Market Outlook, By Battery Type (2022-2030) ($MN)
  • Table 3 Global Custom Battery Pack Market Outlook, By Lithium-Ion (Li-ion) Battery (2022-2030) ($MN)
  • Table 4 Global Custom Battery Pack Market Outlook, By Nickel-Metal Hydride (NiMH) Battery (2022-2030) ($MN)
  • Table 5 Global Custom Battery Pack Market Outlook, By Nickel-Cadmium (NiCd) Battery (2022-2030) ($MN)
  • Table 6 Global Custom Battery Pack Market Outlook, By Lead-Acid Battery (2022-2030) ($MN)
  • Table 7 Global Custom Battery Pack Market Outlook, By Alkaline Battery (2022-2030) ($MN)
  • Table 8 Global Custom Battery Pack Market Outlook, By Solid-State Battery (2022-2030) ($MN)
  • Table 9 Global Custom Battery Pack Market Outlook, By Other Battery Types (2022-2030) ($MN)
  • Table 10 Global Custom Battery Pack Market Outlook, By Flow Batteries (2022-2030) ($MN)
  • Table 11 Global Custom Battery Pack Market Outlook, By Zinc-Air Batteries (2022-2030) ($MN)
  • Table 12 Global Custom Battery Pack Market Outlook, By Lithium-Sulfur Batteries (2022-2030) ($MN)
  • Table 13 Global Custom Battery Pack Market Outlook, By Cell Type (2022-2030) ($MN)
  • Table 14 Global Custom Battery Pack Market Outlook, By Cylindrical (2022-2030) ($MN)
  • Table 15 Global Custom Battery Pack Market Outlook, By Pouch (2022-2030) ($MN)
  • Table 16 Global Custom Battery Pack Market Outlook, By Prismatic (2022-2030) ($MN)
  • Table 17 Global Custom Battery Pack Market Outlook, By Button/Coin (2022-2030) ($MN)
  • Table 18 Global Custom Battery Pack Market Outlook, By Other Cell Types (2022-2030) ($MN)
  • Table 19 Global Custom Battery Pack Market Outlook, By Configuration (2022-2030) ($MN)
  • Table 20 Global Custom Battery Pack Market Outlook, By Series (2022-2030) ($MN)
  • Table 21 Global Custom Battery Pack Market Outlook, By Parallel (2022-2030) ($MN)
  • Table 22 Global Custom Battery Pack Market Outlook, By Series-Parallel (2022-2030) ($MN)
  • Table 23 Global Custom Battery Pack Market Outlook, By Battery Capacity (2022-2030) ($MN)
  • Table 24 Global Custom Battery Pack Market Outlook, By Less than 1000 mAh (2022-2030) ($MN)
  • Table 25 Global Custom Battery Pack Market Outlook, By 1000 mAh - 5000 mAh (2022-2030) ($MN)
  • Table 26 Global Custom Battery Pack Market Outlook, By 5000 mAh - 10000 mAh (2022-2030) ($MN)
  • Table 27 Global Custom Battery Pack Market Outlook, By More than 10000 mAh (2022-2030) ($MN)
  • Table 28 Global Custom Battery Pack Market Outlook, By Voltage Range (2022-2030) ($MN)
  • Table 29 Global Custom Battery Pack Market Outlook, By Low Voltage (< 12V) (2022-2030) ($MN)
  • Table 30 Global Custom Battery Pack Market Outlook, By Medium Voltage (12V - 48V) (2022-2030) ($MN)
  • Table 31 Global Custom Battery Pack Market Outlook, By High Voltage (> 48V) (2022-2030) ($MN)
  • Table 32 Global Custom Battery Pack Market Outlook, By Application (2022-2030) ($MN)
  • Table 33 Global Custom Battery Pack Market Outlook, By Consumer Electronics (2022-2030) ($MN)
  • Table 34 Global Custom Battery Pack Market Outlook, By Smartphones (2022-2030) ($MN)
  • Table 35 Global Custom Battery Pack Market Outlook, By Laptops & Tablets (2022-2030) ($MN)
  • Table 36 Global Custom Battery Pack Market Outlook, By Wearable Devices (2022-2030) ($MN)
  • Table 37 Global Custom Battery Pack Market Outlook, By Portable Audio Devices (2022-2030) ($MN)
  • Table 38 Global Custom Battery Pack Market Outlook, By Defense & Aerospace (2022-2030) ($MN)
  • Table 39 Global Custom Battery Pack Market Outlook, By Military Applications (2022-2030) ($MN)
  • Table 40 Global Custom Battery Pack Market Outlook, By Aviation (2022-2030) ($MN)
  • Table 41 Global Custom Battery Pack Market Outlook, By Space Exploration (2022-2030) ($MN)
  • Table 42 Global Custom Battery Pack Market Outlook, By Medical Devices (2022-2030) ($MN)
  • Table 43 Global Custom Battery Pack Market Outlook, By Hearing Aids (2022-2030) ($MN)
  • Table 44 Global Custom Battery Pack Market Outlook, By Pacemakers (2022-2030) ($MN)
  • Table 45 Global Custom Battery Pack Market Outlook, By Insulin Pumps (2022-2030) ($MN)
  • Table 46 Global Custom Battery Pack Market Outlook, By Portable Diagnostic Equipment (2022-2030) ($MN)
  • Table 47 Global Custom Battery Pack Market Outlook, By Industrial Applications (2022-2030) ($MN)
  • Table 48 Global Custom Battery Pack Market Outlook, By Power Tools (2022-2030) ($MN)
  • Table 49 Global Custom Battery Pack Market Outlook, By Robotics (2022-2030) ($MN)
  • Table 50 Global Custom Battery Pack Market Outlook, By Energy Storage Systems (2022-2030) ($MN)
  • Table 51 Global Custom Battery Pack Market Outlook, By Industrial Equipment (2022-2030) ($MN)
  • Table 52 Global Custom Battery Pack Market Outlook, By Automotive (2022-2030) ($MN)
  • Table 53 Global Custom Battery Pack Market Outlook, By Electric Vehicles (2022-2030) ($MN)
  • Table 54 Global Custom Battery Pack Market Outlook, By Hybrid Vehicles (2022-2030) ($MN)
  • Table 55 Global Custom Battery Pack Market Outlook, By E-bikes and E-scooters (2022-2030) ($MN)
  • Table 56 Global Custom Battery Pack Market Outlook, By Smart Home Devices (2022-2030) ($MN)
  • Table 57 Global Custom Battery Pack Market Outlook, By Telecommunications Equipment (2022-2030) ($MN)
  • Table 58 Global Custom Battery Pack Market Outlook, By Marine Applications (2022-2030) ($MN)
  • Table 59 Global Custom Battery Pack Market Outlook, By Other Applications (2022-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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