According to a recent market study published by Growth Market Reports, titled, “Global Welding Technologies for EV Li-Ion Batteries Market by Type, by Application, by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 480.7 Mn in 2021 and is expected to grow at a moderate growth rate of 10.5% by the year 2030.

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As per Growth Market Reports industry analyst Divjot Singh, “Global Welding Technologies for EV Li-Ion Batteries Market is anticipated to witness significant growth during the forecast period 2022-2030. Most manufacturing industries use ultrasonic welding in welding lithium-ion batteries. The ultrasonic spot-welding method uses high-frequency ultrasonic vibrations to weld similar or dissimilar materials Welding Technologies for Lithium-ion Batteries: A typical electric vehicle has a battery pack, which is made up of hundreds of individual cells that are connected in series and parallel.

The right joining techniques is used to link a large number of cells in order to give power and driving range. For instance, tab-to-tab or tab-to-busbar connections are used to link cells in a battery module made of pouch cells. The widely utilized welding technologies for Li-Ion battery cells, modules, and packs are ultrasonic welding (UW), laser beam welding (LBW), and resistance spot welding (RSW).

Key factors that are anticipated to fuel the demand for the global Welding Technologies for EV Li-Ion Batteries market during the forecast period are rising demand for electric vehicles in emerging countries along with ongoing government initiatives towards using green fuel. Conversely, concerns about the safety of Li-Ion batteries are growing, which may hamper the market growth of the Welding Technologies for EV Li-Ion Batteries market. Welding equipment technological advancement creates opportunities in the market.

Supply chain management is a pivotal part of any business. A supply chain involves a series of steps to get Welding Technologies for EV Li-Ion Batteries, products, sizes, and distribution from their primary state to customers. These steps include development, engagement with customers, and delivering and supporting the Welding Technologies for EV Li-Ion Batteries. Entities in the supply chain include raw material suppliers, manufacturers, logistics, warehouses, finance, distributors, and customers.

The primary, as well as secondary research methodology, is used for keen observation and study about Welding Technologies for EV Li-Ion Batteries market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs).

These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Companies investing in political, business, and financial stability, as opposed to decreasing global risks, implemented strategies to overcome the pandemic.

In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. COVID-19 hampered R&D activities in the Welding Technologies for EV Li-Ion Batteries market, due to social distancing and less access to manufacturing plants, which hampered the manufacturing industry. A majority of research activities were halted, due to social distancing regulations during the pandemic. As COVID-19 spread in the regions, various governments shut down public gatherings, travel, and major projects to protect people from the virus.

Key Takeaways from the Study

  • In terms of type, the ultrasonic segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.
  • Based on application, the cell manufacturing segment accounted for a substantial share of the market in 2021 and is expected to expand at a substantial CAGR during the forecast period.

Scope of Welding Technologies for EV Li-Ion Batteries Market Report

Report Metric

Details

Market Value in 2021

US$ 480.7 Million

Market Growth Rate (from 2015 to 2030)

10.5%

Historical Data

2015-2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

By Type, By Application, By Region

Key Companies Profiled

Emerson Electric Co., Hitachi High-Tech Corporation, Schunk Sonosystems GmbH, Telesonic AG, Manz AG, Hermann Ultrasound, Amada Weld Tech GmbH, Tech Sonic Inc., SIL, AOT Battery Technology Co. Ltd., CenterLine (Windsor) Limited, Nippon Avionics CO., LTD., Han's Laser Technology Industry Group Co., Ltd., Guangzhou Kepu Ultrasonic Electronics Co., Ltd., TRUMPF, SBT Ultrasonic Technology Co., Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturers, Raw Material Suppliers, and Distributors
  • Demand Side: Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.