1 Global Custom Battery Pack Market Insight Analysis
The global custom battery pack market is valued at USD 10281.9 million in 2024, with a CAGR of 9.04% from 2024 to 2033.
Custom battery packs are specialized battery solutions designed to meet the unique energy requirements of specific devices or applications. These packs are engineered to offer enhanced performance, longer lifespans, and tailored energy outputs compared to standard battery solutions. They are widely used in sectors such as medical devices, aerospace, military, industrial manufacturing, renewable energy, and data centers, where high reliability and customized energy solutions are crucial.
Figure Global Custom Battery Pack Market Size (M USD) and CAGR (2024-2033)
2 Custom Battery Pack Market Growth Drivers and Restraints
Demand growth in key regions: In Asia, the battery manufacturing industry in China, Japan, South Korea and other countries is an important part of the new energy industry and is closely related to multiple strategic emerging industries. Since Japan launched the first lithium-ion battery in 1991 and ushered in the era of commercialization, the global customized battery pack manufacturing capacity has long been concentrated in East Asia. South Korea’s battery manufacturing capacity has grown rapidly, and the market share of companies represented by LG and Samsung SDI has gradually expanded. Since 2013, China’s customized battery pack industry has developed rapidly and has become an important manufacturing region in the world.
At the same time, the development of downstream medical, aerospace, renewable energy and other industries in these countries has further stimulated the demand for customized battery packs. In Europe, the EU has made battery research and development and manufacturing a key development goal, and has promoted the rapid development of the local customized battery pack market through innovative organizational structures, formulating strategic plans, setting up projects and providing financial support.
The US government attaches great importance to capital investment in the battery field. Relevant policies have provided strong support for battery research and development, attracted a large amount of global private investment, and promoted the development of the US customized battery pack industry.
Key applications and potential industry demand growth: In the field of energy storage, with the development of renewable energy, such as wind and solar power generation, the demand for energy storage batteries continues to increase, and most energy storage batteries are customized battery pack products. Driven by the development of 5G technology, the construction of communication networks and the iteration of communication technology have led to an increase in the number of 5G base stations year by year, and the demand for backup power supplies has continued to grow.
Customized battery packs have broad prospects in the field of backup power supplies. The data center industry continues to expand with the rapid development of the digital economy, and the demand for data storage, analysis and processing has exploded, making data centers a key infrastructure for corporate development.
Data centers have extremely high requirements for power supply stability, and customized battery packs as backup power supplies have also increased market demand. In addition, global geopolitical tensions have led to an increase in military budgets in various countries, and an increase in demand for batteries in weapon systems, which has promoted the development of customized battery packs in the military field. With the aging of the population, people’s demand for medical equipment continues to increase. Customized battery packs, as key components of medical equipment, have also ushered in development opportunities.
Fluctuations in raw material prices: The upstream of the customized battery pack industry involves the production and manufacturing of a variety of important raw materials such as lead, lithium, chromium, and nickel. The supply and price of these raw materials are affected by the market supply and demand relationship and fluctuate greatly. Fluctuations in raw material prices will directly affect the production cost of customized battery packs, and then affect the operating costs and gross profit margins of enterprises. If the price of raw materials fluctuates greatly, it will have an adverse impact on the profitability of customized battery pack companies and increase the operating risks of enterprises.
Battery recycling problems: There are many difficulties in battery recycling. On the one hand, metals such as cobalt, nickel, and manganese contained in batteries are easy to leak after the batteries are landfilled, polluting the soil and groundwater, threatening the ecosystem and human health. Although batteries have recycling value, due to technical, economic, logistics, and regulatory reasons, the current battery recycling rate is extremely low.
The recycling rate of about 350 million rechargeable batteries purchased in the United States each year is less than 5%. In addition, the demand for customized battery packs varies greatly in different industries, requiring different recycling solutions, which also increases the difficulty of battery recycling. New entrants have high barriers in terms of technology and channels, and it is difficult to establish a complete recycling system in a short period of time, which limits the sustainable development of the industry.
3 Technological Innovations in the Custom Battery Pack Market
Green manufacturing and equipment upgrade: Enterprises in the industry actively adopt green and environmentally friendly materials to manufacture plates and introduce highly automated manufacturing equipment, which not only improves product quality and production efficiency, but also promotes the industry to develop in a sustainable direction. With the popularization of environmental protection concepts, green manufacturing and low-carbon production have become important trends in the development of the industry, prompting the continuous optimization of the customized battery pack industry chain.
At the same time, the transformation of manufacturing equipment from traditional manual to mechanized, automated, and intelligent has accelerated the innovative application of digital and networked management systems, achieved efficient, intelligent, and clean production processes, and improved the consistency and stability of product performance.
Battery technology continues to advance: Compared with traditional liquid lithium batteries, all-solid-state batteries have the advantages of long driving range, fast charging speed, and high safety. They are regarded as one of the first choices for the next generation of battery technology and are highly valued by governments and companies in various countries. Japan has released the “Battery Industry Strategy”, South Korea has announced the “2030 Battery Industry Development Strategy”, and the United States has promoted the research and development of all-solid-state batteries through industry-university-research cooperation.
These initiatives all show that all-solid-state batteries have become a technological highland for competition among countries. It is expected that all-solid-state batteries will be mass-produced in 2025-2030. The next few years will be a critical period for technology research and development, and its development will promote the upgrading of customized battery pack products.
Industry integration and collaborative development: Corporate mergers and acquisitions are frequent, such as Komatsu’s acquisition of the American Battery Solutions Company. By integrating its battery technology with its own knowledge and network, Komatsu is able to develop and produce its own brand of battery-driven construction and mining equipment, which has promoted the company’s development in the field of electric equipment and also promoted the application of battery technology in specific industries.
Solid-state companies acquired custom power companies to enhance their strength in the field of battery systems and energy solutions. These mergers and acquisitions help companies achieve resource integration, technology sharing and market expansion, improve their competitiveness, and promote collaborative development of the industry.
4 Global Custom Battery Pack Market Size by Type
Lithium-ion batteries are the dominant type in the custom battery pack market, driven by their high energy density, long cycle life, and relatively low self-discharge rate. In 2024, the revenue generated from Li-Ion batteries is expected to reach $6,797.5 million USD, accounting for 66.11% of the total market value. This segment is widely used in consumer electronics, electric vehicles, and energy storage systems, making it a cornerstone of modern technology. The growth of Li-Ion batteries is further supported by continuous advancements in technology and increasing demand from renewable energy applications.
Lithium-polymer batteries are known for their flexibility in form factor and improved safety features compared to traditional Li-Ion batteries. In 2024, the revenue from Li-Poly batteries is projected to be $1,609.9 million USD, representing 15.66% of the total market value. These batteries are particularly popular in applications requiring thin and lightweight power solutions, such as portable electronics, drones, and medical devices. Their ability to be shaped into various forms makes them a preferred choice for custom battery pack designs.
NiMH batteries are a popular choice for applications that require high capacity and moderate discharge rates. In 2024, the revenue from NiMH batteries is expected to be $550.2 million USD, accounting for 5.35% of the total market value. These batteries are commonly used in hybrid vehicles, consumer electronics, and industrial equipment. Their key advantages include high energy density, long life, and environmental friendliness, making them a sustainable option for various industries.
NiCd batteries are known for their robustness and ability to deliver high current output. In 2024, the revenue from NiCd batteries is projected to be $394.7 million USD, representing 3.84% of the total market value. These batteries are widely used in power tools, medical equipment, and military applications where reliability and durability are paramount. However, their market share is gradually declining due to environmental concerns and the rise of more advanced battery technologies.
SLA batteries are a cost-effective and reliable option for applications that do not require high energy density. In 2024, the revenue from SLA batteries is expected to be $499.9 million USD, accounting for 4.86% of the total market value. These batteries are commonly used in uninterruptible power supplies (UPS), emergency lighting, and telecommunications equipment. Their low initial cost and ease of maintenance make them a popular choice for stationary applications.
Table Global Custom Battery Pack Market Size and Share by Type in 2024
Type | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Li-Ion | 6797.5 | 66.11% |
Li-Poly | 1609.9 | 15.66% |
NiMH | 550.2 | 5.35% |
NiCd | 394.7 | 3.84% |
SLA | 499.9 | 4.86% |
Others | 429.7 | 4.18% |
5 Global Custom Battery Pack Market Size by Application
Medical Application: In 2024, the medical application of custom battery packs is valued at $380.5 million. Custom battery packs are crucial for medical devices like pacemakers, defibrillators, and portable monitors. These devices demand high reliability and safety, and the battery packs usually feature long life and high energy density. With the aging population and the increasing prevalence of chronic diseases, the demand for medical devices is on the rise, thus driving the growth of the custom battery pack market in this application. For example, as more people require continuous health monitoring, the need for reliable power sources in portable medical devices has become more prominent.
Military Application: The military application of custom battery packs reached $502.2 million in 2024. Custom battery packs are essential for various military equipment, including communication devices and unmanned aerial vehicles. The continuous increase in military budgets globally, such as the significant defense budget hikes in the US, Germany, France, and other countries, has led to a growing demand for advanced military equipment. This, in turn, has spurred the demand for high – performance custom battery packs that can meet the rigorous requirements of military operations.
Aerospace Application: In 2024, the aerospace application of custom battery packs has a market revenue of $255.2 million. Custom battery packs play a vital role in aerospace, powering drones and satellites. The aerospace industry’s demand for lightweight and high – performance batteries has been steadily increasing with the growth of space exploration and the development of unmanned aerial systems. These battery packs must be able to withstand extreme conditions and provide reliable power, making them a key component in the aerospace sector.
Data Center Application: The data center application of custom battery packs is valued at $242.9 million in 2024. With the rapid development of the digital economy, the demand for data centers has been surging. Custom battery packs are used as backup power sources in data centers to ensure continuous operation during power outages. As data centers become larger and more critical to businesses, the need for reliable backup power solutions has grown, driving the market for custom battery packs in this application.
Material Handling Application: In 2024, the material handling application of custom battery packs has a market revenue of $328.4 million. Custom battery packs are widely used in forklifts and other handling equipment. The growth of the logistics and manufacturing industries has led to an increased demand for efficient material handling equipment, which in turn has boosted the demand for custom battery packs. As companies strive to improve their operational efficiency, the need for reliable and long – lasting battery – powered equipment has become more important.
Commercial Application: The commercial application of custom battery packs reached $1677.9 million in 2024, making it one of the largest revenue – generating applications. Custom battery packs are used in a wide range of commercial equipment, such as POS machines, mobile payment terminal equipment, and micro printers. The growth of e – commerce and the increasing adoption of digital payment methods have driven the demand for these devices, and thus, the demand for custom battery packs in the commercial sector.
Industrial Application: In 2024, the industrial application of custom battery packs has a market revenue of $4468.4 million, being the largest revenue contributor among all applications. Custom battery packs power portable electronic devices, sensors, and environmental detection equipment in the industrial field. The continuous growth of the industrial sector, along with the increasing trend of industrial automation, has led to a high demand for custom battery packs to ensure the reliable operation of various industrial equipment.
Power Tools Application: The power tools application of custom battery packs is valued at $1816.3 million in 2024. Portable power tools rely on custom battery packs to provide high power and quick recharge capabilities. With the growth of the construction and DIY markets, the demand for power tools has increased, driving the growth of the custom battery pack market in this application.
Table Global Custom Battery Pack Market Size and Share by Application in 2024
Application | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Commercial | 1677.9 | 16.32% |
Industrial | 4468.4 | 43.46% |
Medical | 380.5 | 3.70% |
Military | 502.2 | 4.88% |
Material Handling | 328.4 | 3.19% |
Power Tools | 1816.3 | 17.67% |
Aerospace | 255.2 | 2.48% |
Data Center | 242.9 | 2.36% |
Others | 610.1 | 5.93% |
6 Global Custom Battery Pack Market Size by Region
North America: In 2024, the custom battery pack market revenue in North America is $3069.2 million. The United States is the dominant market in this region, accounting for a large portion of the revenue. The US government’s strong support for battery research and development, as seen in policies like the “Infrastructure Investment and Jobs Act” and the “Inflation Reduction Act,” has provided a significant boost to the battery industry.
This has led to the growth of local custom battery pack manufacturers and increased demand for their products in various applications, including automotive, aerospace, and medical. Canada and Mexico also contribute to the regional market, with their respective industries driving the demand for custom battery packs. The region benefits from its advanced manufacturing capabilities, high – tech industries, and a large consumer market.
Asia – Pacific: The Asia – Pacific region has a custom battery pack market revenue of $3646.1 million in 2024, making it a crucial and rapidly growing market. China is the key player in this region, with a market revenue of $1881.5 million. China’s battery manufacturing industry has experienced remarkable growth in recent years, driven by its strong focus on new energy development. The government’s support for the battery industry, along with its large – scale manufacturing capabilities and a growing domestic market, has made China a major global producer of custom battery packs.
Japan and South Korea also have significant market shares in the region. Japan’s long – standing expertise in battery technology and South Korea’s dominance in the global battery market, led by companies like Samsung SDI and LG Energy Solution, contribute to the region’s overall strength. Additionally, countries like India and Southeast Asian nations are emerging markets, with their growing economies and increasing industrial activities driving the demand for custom battery packs.
Europe: In 2024, the European custom battery pack market revenue stands at $2817.7 million. Europe has been actively promoting battery research and development and manufacturing. The EU’s initiatives, such as the establishment of the European Battery Alliance and the deployment of related projects, have provided a supportive environment for the growth of the custom battery pack industry. Germany, with a market revenue of $650.2 million, is a major contributor in Europe.
The country’s strong industrial base, advanced technology, and commitment to sustainable development have driven the demand for high – quality custom battery packs, especially in the automotive and industrial sectors. Other countries like the UK, France, and Italy also have significant market shares, with their respective industries relying on custom battery packs for various applications.
MEA & South America: The MEA (Middle East and Africa) & South America region has a custom battery pack market revenue of $748.8 million in 2024. In South America, Brazil is the largest market, with a revenue of $183.2 million. Brazil’s growing industrial and automotive sectors are driving the demand for custom battery packs. In the MEA region, GCC countries, Turkey, and South Africa are the major markets.
The increasing demand for energy storage and backup power in these regions, due to factors like infrastructure development and the growth of the renewable energy sector, is fueling the growth of the custom battery pack market. However, compared to other regions, the MEA & South America region still has significant growth potential, as there is room for further development in terms of technology adoption and market penetration.
Figure Global Custom Battery Pack Market Size (M USD) by Region in 2024
7 Global Custom Battery Pack Market Analysis by Major Players
Panasonic
Company Introduction and Business Overview:
Panasonic, headquartered in Japan, is a multinational conglomerate known for its extensive range of electronics and electrical products. Established in 1918, Panasonic has a global presence with a strong focus on innovation and technological advancement.
Panasonic’s business portfolio spans a wide range of products, including home appliances, consumer electronics, automotive components, and industrial solutions. In the custom battery pack market, Panasonic is renowned for its high-quality lithium-ion and nickel-metal hydride batteries tailored to meet specific customer requirements. The company’s commitment to research and development ensures that its products are at the forefront of technological innovation.
Products:
Panasonic offers a variety of custom battery packs, including lithium-ion and nickel-metal hydride batteries, designed for applications ranging from consumer electronics to industrial equipment. These battery packs are engineered to provide high energy density, long life, and reliable performance.
Market Performance:
In 2024, Panasonic is projected to achieve a revenue of $1,203.1 million USD in the custom battery pack market, maintaining its position as a leading player.
Samsung SDI
Company Introduction and Business Overview:
Samsung SDI, headquartered in South Korea, is a global leader in rechargeable batteries and materials for semiconductors and displays. Established in 1970, Samsung SDI has grown to become a significant player in the battery industry, leveraging its expertise in advanced materials and manufacturing processes.
Samsung SDI’s business focuses on producing rechargeable batteries for electric vehicles, IT devices, and energy storage systems. The company is committed to delivering high-performance, reliable, and safe battery solutions that meet the evolving needs of modern technology. Samsung SDI’s extensive R&D efforts ensure continuous improvement in battery technology and performance.
Products:
Samsung SDI offers a comprehensive range of custom battery packs, including lithium-ion batteries for power tools, electric vehicles, and energy storage systems. These packs are designed to provide high capacity, power, and safety, making them suitable for a wide range of applications.
Market Performance:
In 2024, Samsung SDI is expected to generate a revenue of $1,089.6 million USD, solidifying its position as a major contender in the custom battery pack market.
SAFT
Company Introduction and Business Overview:
SAFT, headquartered in France, is a subsidiary of TotalEnergies SE and a leading designer, developer, and manufacturer of batteries. Established in 1918, SAFT has a long history of innovation and excellence in battery technology, serving a diverse range of industries.
SAFT’s business encompasses the production of both non-rechargeable and rechargeable batteries using nickel, primary lithium, lithium-ion, and other advanced technologies. The company provides comprehensive solutions, including systems integration, installation, maintenance, and recycling services. SAFT’s products are used in critical applications across aerospace, defense, medical, telecom, and industrial sectors.
Products:
SAFT offers a wide range of custom battery packs tailored for specific industries, such as medical devices, aerospace equipment, and defense applications. These packs are designed to meet stringent reliability, durability, and efficiency standards, ensuring high performance and safety.
Market Performance:
In 2024, SAFT is projected to achieve a revenue of $1,042.9 million USD, highlighting its strong market position and continued growth in the custom battery pack industry.