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According to the latest research, the global Custom Battery Pack market size was valued at USD 23533.4 million in 2022 and is expected to expand at a CAGR of 12.33% during the forecast period, reaching USD 47272.9 million by 2028.
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.
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.
This report elaborates on the market size, market characteristics, and market growth of the Custom Battery Pack industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Custom Battery Pack. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Custom Battery Pack Market Report Include:
Market Size Estimates: Custom Battery Pack market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Custom Battery Pack market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Custom Battery Pack market
Segment Market Analysis: Custom Battery Pack market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Custom Battery Pack market situations and prospects in major and top regions and countries
Custom Battery Pack Market
Custom Battery Pack Industry Chain: Custom Battery Pack market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Custom Battery Pack Industry News, Policies by regions
Custom Battery Pack Industry Porters Five Forces Analysis
Key players in the global Custom Battery Pack market are covered in Chapter 2:
LG
Elecsys France
Steatite
Pti Technologies
Zeus Battery Products
GPBM Industry
Inventus Power
PMBL Ltd
Cadex Electronics Inc.
Battery Clinic Inc.
SDI
Pride
Ultralife Corporation
ElectroChem
BYD
PowerTech Systems
BMZ Group
SAFT
E4V (Group Universe VE)
Panasonic
Excell Battery Co.
CATL
In Chapter 6 and Chapter 9, on the basis of types, the Custom Battery Pack market from 2018 to 2028 is primarily split into:
Li-Ion
Li-Poly
NiMH
NiCd
SLA
In Chapter 7 and Chapter 10, on the basis of applications, the Custom Battery Pack market from 2018 to 2028 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 of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Custom Battery Pack market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Custom Battery Pack industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Custom Battery Pack market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Custom Battery Pack industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Custom Battery Pack market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Custom Battery Pack market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Custom Battery Pack market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
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.
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.
This report elaborates on the market size, market characteristics, and market growth of the Custom Battery Pack industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Custom Battery Pack. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Custom Battery Pack Market Report Include:
Market Size Estimates: Custom Battery Pack market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Custom Battery Pack market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Custom Battery Pack market
Segment Market Analysis: Custom Battery Pack market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Custom Battery Pack market situations and prospects in major and top regions and countries
Custom Battery Pack Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Custom Battery Pack Industry Chain: Custom Battery Pack market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Custom Battery Pack Industry News, Policies by regions
Custom Battery Pack Industry Porters Five Forces Analysis
Key players in the global Custom Battery Pack market are covered in Chapter 2:
LG
Elecsys France
Steatite
Pti Technologies
Zeus Battery Products
GPBM Industry
Inventus Power
PMBL Ltd
Cadex Electronics Inc.
Battery Clinic Inc.
SDI
Pride
Ultralife Corporation
ElectroChem
BYD
PowerTech Systems
BMZ Group
SAFT
E4V (Group Universe VE)
Panasonic
Excell Battery Co.
CATL
In Chapter 6 and Chapter 9, on the basis of types, the Custom Battery Pack market from 2018 to 2028 is primarily split into:
Li-Ion
Li-Poly
NiMH
NiCd
SLA
In Chapter 7 and Chapter 10, on the basis of applications, the Custom Battery Pack market from 2018 to 2028 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 of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Custom Battery Pack market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Custom Battery Pack industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Custom Battery Pack market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Custom Battery Pack industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Custom Battery Pack market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Custom Battery Pack market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Custom Battery Pack market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
