Custom Battery Pack Market
PUBLISHED: 2024 ID: SMRC27326
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Custom Battery Pack Market

Custom Battery Pack Market Forecasts to 2030 - Global Analysis By Battery Type (Lithium-Ion (Li-ion) Battery, Nickel-Metal Hydride (NiMH) Battery, Nickel-Cadmium (NiCd) Battery and Other Battery Types), Cell Type (Cylindrical, Pouch, Prismatic, Button/Coin and Other Cell Types), Configuration, Battery Capacity, Voltage Range, Application and By Geography

4.1 (90 reviews)
4.1 (90 reviews)
Published: 2024 ID: SMRC27326

This report covers the impact of COVID-19 on this global market
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Years Covered

2022-2030

Estimated Year Value (2024)

US $50.7 BN

Projected Year Value (2030)

US $146.1 BN

CAGR (2024-2030)

19.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

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

Largest Market

Asia Pacific

Highest Growing Market

Asia Pacific


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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o 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

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

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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