More vehicles are getting electrified and more countries are investing in mass-scale renewable energy projects. Lead-acid batteries are widely used in these applications, which rely on grid casting machines for manufacturing.
As more batteries are produced, the grid casting machine market size is expected to cross USD 6,085.80 million by 2034. In 2024, the market size stands at USD 2,818.90 million. Industry expansion is estimated at a 5.50% CAGR for 2024 to 2034.
| Attribute | Details |
|---|---|
| Industry Size in 2023 | USD 2,664.40 million |
| Industry Size in 2024 | USD 2,818.90 million |
| Industry Size by 2034 | USD 6,085.80 million |
| Value CAGR (2024 to 2034) | 5.50% |
Electrification of Vehicles and EV Demand Boosts Industry Growth
As more vehicles get electrified, the machines used to make the lead grids for batteries are also in demand. Although electric vehicles mostly use lithium-ion batteries, traditional lead-acid batteries are still needed for some, like hybrids. These lead grids are made using grid casting equipment.
As more cars go electric to reduce pollution, the demand for these lead grids and the machines that make them keeps growing. This shows how the move to electric vehicles impacts the demand for these machines. As more electric vehicles are, sold the industry benefits. Grid casting equipment manufacturers can prosper with this shift.
More Countries Investing in Renewable Energy Fosters Industry Growth
As more countries turn to solar and wind power to fight climate change, they need better ways to store this energy. Lead-acid batteries, made using grid casting equipment, are essential for storing this power. So, as more energy from renewable sources is produced, the demand for these machines grows too. This shows how the move to renewable energy is boosting the industry.
A greater emphasis on a future without fossil fuels is expected. As the focus on renewable energy projects rises, manufacturers can benefit.
| Segment | Continuous Grid Casting Machines (Type) |
|---|---|
| Value Share (2024) | 46.50% |
Continuous grid casting machines are expected to lead in 2024. These machines are considered better than batch ones because they produce faster and without stopping. They ensure that the lead grids made for batteries are of the same quality every time.
These machines can also change how they work easily to make different kinds of grids. They use advanced technology to work automatically and can fit in with other machines easily.
Even though they cost more at first, they end up being cheaper in the long run because they can make more grids without any problems. And if a company wants to make more grids, they can just add on to these machines without much trouble. These traits boost their demand in the industry.
| Segment | Automotive (End-use Industries) |
|---|---|
| Value Share (2024) | 37.30% |
The automotive industry segment is expected to lead in the end-use indsutry category in 2024. More cars are becoming electric, but regular cars with gas engines are still popular. These regular cars use lead-acid batteries. Hybrid vehicles that use both gas and electricity also use these batteries.
Even when vehicles get old and need new batteries, people often choose lead-acid batteries because they're cheaper and work with many different vehicles. Trucks, buses, and heavy machines also use these batteries. All of this means that machines used to make these batteries are in high demand in the automotive industry.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| United States | 4.80% |
| Germany | 5.20% |
| China | 4.70% |
| India | 6.30% |
| Australia | 5.80% |
The demand for grid casting machines in the United States is anticipated to amplify at 4.80% CAGR until 2034. Making sure the country has enough energy and is safe from threats is given importance. Batteries made using special machines play a big part in this by providing backup power and helping keep the electricity stable.
The government encourages using cleaner energy with incentives like tax breaks, which boosts the demand for these batteries. Also, as extreme weather becomes more common, there's a need for stronger electricity systems.
This means more batteries are needed, creating opportunities for companies that make these special machines. So, by focusing on clean energy and helping make the electricity system stronger, businesses can do well in the United States industry.
Wirtz Manufacturing Company specializes in battery manufacturing equipment and is located in the United States. The brand focuses on research and development to introduce new technology and strengthen its networks.
The sales of grid casting machine in Germany is in line to amplify at 5.20% CAGR till 2034. German consumers want more electric cars and cleaner industries, so they need machines that make batteries for these cars and factories. These machines make batteries that help electric cars work better and also support industries by providing backup power.
As more electric cars are used and industries become cleaner, the need for these machines grows. So, German companies that make these machines have a chance to sell more because they can help meet the country's goals for cleaner transportation and industries.
The growth of the grid casting machine market in China is estimated at 4.70% CAGR until 2034. Chinese manufacturers sell a significant number of electric cars, so they need a greater number of machines to make batteries for these cars. These machines are also used to make batteries for other vehicles.
As China's cities get bigger and they need more electricity, there's a bigger demand for batteries and the machines that make them. Chinese companies are working on making these machines better and smarter to keep up with the demand.
Zhongshan Kaixiang Electric Technology Co., Ltd. engages in battery equipment production and is popular in China. The company focuses on product innovation and customization. It invests in talent development and technological advancements for unparalleled growth.
Market trends and drivers for the grid casting machine industry hint expansion at 6.30% CAGR in India till 2034. The government helps companies that make these machines, and India is also starting to use more electric vehicles. This means more demand for batteries and the machines that make them. Overall, it's a good time for companies in India that make grid casting equipment.
Gravita India Limited is a pioneer in lead products and equipment for the battery industry. The company focuses on diversification into new product categories. It focuses on sustainable practices to comply with regulations and consumer preferences.
Grid casting machine market analysis in Australia indicates expansion at 5.80% CAGR until 2034. Like other countries, Australia is using more renewable energy like solar and wind power. This means there's a bigger need for batteries to store this energy. Also, in remote areas and islands of the country, they use batteries for power, and these machines help make them too.
In Australia's mining industry, big machines need batteries to work, and these machines help make these batteries strong. When there are big storms or disasters, Australia needs batteries to keep things running. So, there's notable demand for grid casting equipment in Australia to make batteries for different uses.
The grid casting machine industry is highly competitive, with prominent companies vying for global supremacy. Established businesses such as WIRTZ Manufacturing Company and SoVema Group dominate the industry due to their significant experience and technological knowledge.
To preserve their competitive advantage, they spend on research and development, strategic alliances, and acquisitions. However, smaller specialized firms flourish by providing bespoke solutions at competitive prices. Technological improvements and industry trends fuel competitiveness, whilst regulatory concerns and industry dynamics influence strategic decisions.
Recent Development
Table 1: Global Value (US$ Million) Forecast by Region, 2019 & 2034
Table 2: Global Volume (Tons) Forecast by Region, 2019 & 2034
Table 3: Global Value (US$ Million) Forecast by Product Type, 2019 & 2034
Table 4: Global Volume (Tons) Forecast by Product Type, 2019 & 2034
Table 5: Global Value (US$ Million) Forecast by End-Use Industries, 2019 & 2034
Table 6: Global Volume (Tons) Forecast by End-Use Industries, 2019 & 2034
Table 7: North America Value (US$ Million) Forecast by Country, 2019 & 2034
Table 8: North America Volume (Tons) Forecast by Country, 2019 & 2034
Table 9: North America Value (US$ Million) Forecast by Product Type, 2019 & 2034
Table 10: North America Volume (Tons) Forecast by Product Type, 2019 & 2034
Table 11: North America Value (US$ Million) Forecast by End-Use Industries, 2019 & 2034
Table 12: North America Volume (Tons) Forecast by End-Use Industries, 2019 & 2034
Table 13: Latin America Value (US$ Million) Forecast by Country, 2019 & 2034
Table 14: Latin America Volume (Tons) Forecast by Country, 2019 & 2034
Table 15: Latin America Value (US$ Million) Forecast by Product Type, 2019 & 2034
Table 16: Latin America Volume (Tons) Forecast by Product Type, 2019 & 2034
Table 17: Latin America Value (US$ Million) Forecast by End-Use Industries, 2019 & 2034
Table 18: Latin America Volume (Tons) Forecast by End-Use Industries, 2019 & 2034
Table 19: Western Europe Value (US$ Million) Forecast by Country, 2019 & 2034
Table 20: Western Europe Volume (Tons) Forecast by Country, 2019 & 2034
Table 21: Western Europe Value (US$ Million) Forecast by Product Type, 2019 & 2034
Table 22: Western Europe Volume (Tons) Forecast by Product Type, 2019 & 2034
Table 23: Western Europe Value (US$ Million) Forecast by End-Use Industries, 2019 & 2034
Table 24: Western Europe Volume (Tons) Forecast by End-Use Industries, 2019 & 2034
Table 25: Eastern Europe Value (US$ Million) Forecast by Country, 2019 & 2034
Table 26: Eastern Europe Volume (Tons) Forecast by Country, 2019 & 2034
Table 27: Eastern Europe Value (US$ Million) Forecast by Product Type, 2019 & 2034
Table 28: Eastern Europe Volume (Tons) Forecast by Product Type, 2019 & 2034
Table 29: Eastern Europe Value (US$ Million) Forecast by End-Use Industries, 2019 & 2034
Table 30: Eastern Europe Volume (Tons) Forecast by End-Use Industries, 2019 & 2034
Table 31: East Asia Value (US$ Million) Forecast by Country, 2019 & 2034
Table 32: East Asia Volume (Tons) Forecast by Country, 2019 & 2034
Table 33: East Asia Value (US$ Million) Forecast by Product Type, 2019 & 2034
Table 34: East Asia Volume (Tons) Forecast by Product Type, 2019 & 2034
Table 35: East Asia Value (US$ Million) Forecast by End-Use Industries, 2019 & 2034
Table 36: East Asia Volume (Tons) Forecast by End-Use Industries, 2019 & 2034
Table 37: South Asia Pacific Value (US$ Million) Forecast by Country, 2019 & 2034
Table 38: South Asia Pacific Volume (Tons) Forecast by Country, 2019 & 2034
Table 39: South Asia Pacific Value (US$ Million) Forecast by Product Type, 2019 & 2034
Table 40: South Asia Pacific Volume (Tons) Forecast by Product Type, 2019 & 2034
Table 41: South Asia Pacific Value (US$ Million) Forecast by End-Use Industries, 2019 & 2034
Table 42: South Asia Pacific Volume (Tons) Forecast by End-Use Industries, 2019 & 2034
Table 43: Middle East & Africa Value (US$ Million) Forecast by Country, 2019 & 2034
Table 44: Middle East & Africa Volume (Tons) Forecast by Country, 2019 & 2034
Table 45: Middle East & Africa Value (US$ Million) Forecast by Product Type, 2019 & 2034
Table 46: Middle East & Africa Volume (Tons) Forecast by Product Type, 2019 & 2034
Table 47: Middle East & Africa Value (US$ Million) Forecast by End-Use Industries, 2019 & 2034
Table 48: Middle East & Africa Volume (Tons) Forecast by End-Use Industries, 2019 & 2034
Figure 1: Global Value (US$ Million) by Product Type, 2024 & 2034
Figure 2: Global Value (US$ Million) by End-Use Industries, 2024 & 2034
Figure 3: Global Value (US$ Million) by Region, 2024 & 2034
Figure 4: Global Value (US$ Million) Analysis by Region, 2019 & 2034
Figure 5: Global Volume (Tons) Analysis by Region, 2019 & 2034
Figure 6: Global Value Share (%) and BPS Analysis by Region, 2024 & 2034
Figure 7: Global Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Value (US$ Million) Analysis by Product Type, 2019 & 2034
Figure 9: Global Volume (Tons) Analysis by Product Type, 2019 & 2034
Figure 10: Global Value Share (%) and BPS Analysis by Product Type, 2024 & 2034
Figure 11: Global Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 12: Global Value (US$ Million) Analysis by End-Use Industries, 2019 & 2034
Figure 13: Global Volume (Tons) Analysis by End-Use Industries, 2019 & 2034
Figure 14: Global Value Share (%) and BPS Analysis by End-Use Industries, 2024 & 2034
Figure 15: Global Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 16: Global Attractiveness by Product Type, 2024 to 2034
Figure 17: Global Attractiveness by End-Use Industries, 2024 to 2034
Figure 18: Global Attractiveness by Region, 2024 to 2034
Figure 19: North America Value (US$ Million) by Product Type, 2024 & 2034
Figure 20: North America Value (US$ Million) by End-Use Industries, 2024 & 2034
Figure 21: North America Value (US$ Million) by Country, 2024 & 2034
Figure 22: North America Value (US$ Million) Analysis by Country, 2019 & 2034
Figure 23: North America Volume (Tons) Analysis by Country, 2019 & 2034
Figure 24: North America Value Share (%) and BPS Analysis by Country, 2024 & 2034
Figure 25: North America Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Value (US$ Million) Analysis by Product Type, 2019 & 2034
Figure 27: North America Volume (Tons) Analysis by Product Type, 2019 & 2034
Figure 28: North America Value Share (%) and BPS Analysis by Product Type, 2024 & 2034
Figure 29: North America Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 30: North America Value (US$ Million) Analysis by End-Use Industries, 2019 & 2034
Figure 31: North America Volume (Tons) Analysis by End-Use Industries, 2019 & 2034
Figure 32: North America Value Share (%) and BPS Analysis by End-Use Industries, 2024 & 2034
Figure 33: North America Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 34: North America Attractiveness by Product Type, 2024 to 2034
Figure 35: North America Attractiveness by End-Use Industries, 2024 to 2034
Figure 36: North America Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Value (US$ Million) by Product Type, 2024 & 2034
Figure 38: Latin America Value (US$ Million) by End-Use Industries, 2024 & 2034
Figure 39: Latin America Value (US$ Million) by Country, 2024 & 2034
Figure 40: Latin America Value (US$ Million) Analysis by Country, 2019 & 2034
Figure 41: Latin America Volume (Tons) Analysis by Country, 2019 & 2034
Figure 42: Latin America Value Share (%) and BPS Analysis by Country, 2024 & 2034
Figure 43: Latin America Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Value (US$ Million) Analysis by Product Type, 2019 & 2034
Figure 45: Latin America Volume (Tons) Analysis by Product Type, 2019 & 2034
Figure 46: Latin America Value Share (%) and BPS Analysis by Product Type, 2024 & 2034
Figure 47: Latin America Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 48: Latin America Value (US$ Million) Analysis by End-Use Industries, 2019 & 2034
Figure 49: Latin America Volume (Tons) Analysis by End-Use Industries, 2019 & 2034
Figure 50: Latin America Value Share (%) and BPS Analysis by End-Use Industries, 2024 & 2034
Figure 51: Latin America Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 52: Latin America Attractiveness by Product Type, 2024 to 2034
Figure 53: Latin America Attractiveness by End-Use Industries, 2024 to 2034
Figure 54: Latin America Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Value (US$ Million) by Product Type, 2024 & 2034
Figure 56: Western Europe Value (US$ Million) by End-Use Industries, 2024 & 2034
Figure 57: Western Europe Value (US$ Million) by Country, 2024 & 2034
Figure 58: Western Europe Value (US$ Million) Analysis by Country, 2019 & 2034
Figure 59: Western Europe Volume (Tons) Analysis by Country, 2019 & 2034
Figure 60: Western Europe Value Share (%) and BPS Analysis by Country, 2024 & 2034
Figure 61: Western Europe Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Value (US$ Million) Analysis by Product Type, 2019 & 2034
Figure 63: Western Europe Volume (Tons) Analysis by Product Type, 2019 & 2034
Figure 64: Western Europe Value Share (%) and BPS Analysis by Product Type, 2024 & 2034
Figure 65: Western Europe Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 66: Western Europe Value (US$ Million) Analysis by End-Use Industries, 2019 & 2034
Figure 67: Western Europe Volume (Tons) Analysis by End-Use Industries, 2019 & 2034
Figure 68: Western Europe Value Share (%) and BPS Analysis by End-Use Industries, 2024 & 2034
Figure 69: Western Europe Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 70: Western Europe Attractiveness by Product Type, 2024 to 2034
Figure 71: Western Europe Attractiveness by End-Use Industries, 2024 to 2034
Figure 72: Western Europe Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Value (US$ Million) by Product Type, 2024 & 2034
Figure 74: Eastern Europe Value (US$ Million) by End-Use Industries, 2024 & 2034
Figure 75: Eastern Europe Value (US$ Million) by Country, 2024 & 2034
Figure 76: Eastern Europe Value (US$ Million) Analysis by Country, 2019 & 2034
Figure 77: Eastern Europe Volume (Tons) Analysis by Country, 2019 & 2034
Figure 78: Eastern Europe Value Share (%) and BPS Analysis by Country, 2024 & 2034
Figure 79: Eastern Europe Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Value (US$ Million) Analysis by Product Type, 2019 & 2034
Figure 81: Eastern Europe Volume (Tons) Analysis by Product Type, 2019 & 2034
Figure 82: Eastern Europe Value Share (%) and BPS Analysis by Product Type, 2024 & 2034
Figure 83: Eastern Europe Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 84: Eastern Europe Value (US$ Million) Analysis by End-Use Industries, 2019 & 2034
Figure 85: Eastern Europe Volume (Tons) Analysis by End-Use Industries, 2019 & 2034
Figure 86: Eastern Europe Value Share (%) and BPS Analysis by End-Use Industries, 2024 & 2034
Figure 87: Eastern Europe Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 88: Eastern Europe Attractiveness by Product Type, 2024 to 2034
Figure 89: Eastern Europe Attractiveness by End-Use Industries, 2024 to 2034
Figure 90: Eastern Europe Attractiveness by Country, 2024 to 2034
Figure 91: East Asia Value (US$ Million) by Product Type, 2024 & 2034
Figure 92: East Asia Value (US$ Million) by End-Use Industries, 2024 & 2034
Figure 93: East Asia Value (US$ Million) by Country, 2024 & 2034
Figure 94: East Asia Value (US$ Million) Analysis by Country, 2019 & 2034
Figure 95: East Asia Volume (Tons) Analysis by Country, 2019 & 2034
Figure 96: East Asia Value Share (%) and BPS Analysis by Country, 2024 & 2034
Figure 97: East Asia Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: East Asia Value (US$ Million) Analysis by Product Type, 2019 & 2034
Figure 99: East Asia Volume (Tons) Analysis by Product Type, 2019 & 2034
Figure 100: East Asia Value Share (%) and BPS Analysis by Product Type, 2024 & 2034
Figure 101: East Asia Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 102: East Asia Value (US$ Million) Analysis by End-Use Industries, 2019 & 2034
Figure 103: East Asia Volume (Tons) Analysis by End-Use Industries, 2019 & 2034
Figure 104: East Asia Value Share (%) and BPS Analysis by End-Use Industries, 2024 & 2034
Figure 105: East Asia Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 106: East Asia Attractiveness by Product Type, 2024 to 2034
Figure 107: East Asia Attractiveness by End-Use Industries, 2024 to 2034
Figure 108: East Asia Attractiveness by Country, 2024 to 2034
Figure 109: South Asia Pacific Value (US$ Million) by Product Type, 2024 & 2034
Figure 110: South Asia Pacific Value (US$ Million) by End-Use Industries, 2024 & 2034
Figure 111: South Asia Pacific Value (US$ Million) by Country, 2024 & 2034
Figure 112: South Asia Pacific Value (US$ Million) Analysis by Country, 2019 & 2034
Figure 113: South Asia Pacific Volume (Tons) Analysis by Country, 2019 & 2034
Figure 114: South Asia Pacific Value Share (%) and BPS Analysis by Country, 2024 & 2034
Figure 115: South Asia Pacific Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: South Asia Pacific Value (US$ Million) Analysis by Product Type, 2019 & 2034
Figure 117: South Asia Pacific Volume (Tons) Analysis by Product Type, 2019 & 2034
Figure 118: South Asia Pacific Value Share (%) and BPS Analysis by Product Type, 2024 & 2034
Figure 119: South Asia Pacific Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 120: South Asia Pacific Value (US$ Million) Analysis by End-Use Industries, 2019 & 2034
Figure 121: South Asia Pacific Volume (Tons) Analysis by End-Use Industries, 2019 & 2034
Figure 122: South Asia Pacific Value Share (%) and BPS Analysis by End-Use Industries, 2024 & 2034
Figure 123: South Asia Pacific Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 124: South Asia Pacific Attractiveness by Product Type, 2024 to 2034
Figure 125: South Asia Pacific Attractiveness by End-Use Industries, 2024 to 2034
Figure 126: South Asia Pacific Attractiveness by Country, 2024 to 2034
Figure 127: Middle East & Africa Value (US$ Million) by Product Type, 2024 & 2034
Figure 128: Middle East & Africa Value (US$ Million) by End-Use Industries, 2024 & 2034
Figure 129: Middle East & Africa Value (US$ Million) by Country, 2024 & 2034
Figure 130: Middle East & Africa Value (US$ Million) Analysis by Country, 2019 & 2034
Figure 131: Middle East & Africa Volume (Tons) Analysis by Country, 2019 & 2034
Figure 132: Middle East & Africa Value Share (%) and BPS Analysis by Country, 2024 & 2034
Figure 133: Middle East & Africa Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East & Africa Value (US$ Million) Analysis by Product Type, 2019 & 2034
Figure 135: Middle East & Africa Volume (Tons) Analysis by Product Type, 2019 & 2034
Figure 136: Middle East & Africa Value Share (%) and BPS Analysis by Product Type, 2024 & 2034
Figure 137: Middle East & Africa Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 138: Middle East & Africa Value (US$ Million) Analysis by End-Use Industries, 2019 & 2034
Figure 139: Middle East & Africa Volume (Tons) Analysis by End-Use Industries, 2019 & 2034
Figure 140: Middle East & Africa Value Share (%) and BPS Analysis by End-Use Industries, 2024 & 2034
Figure 141: Middle East & Africa Y-o-Y Growth (%) Projections by End-Use Industries, 2024 to 2034
Figure 142: Middle East & Africa Attractiveness by Product Type, 2024 to 2034
Figure 143: Middle East & Africa Attractiveness by End-Use Industries, 2024 to 2034
Figure 144: Middle East & Africa Attractiveness by Country, 2024 to 2034
The industry is in line to be valued at USD 2,818.90 million in 2024.
The industry size is estimated to increase at 5.50% CAGR through 2034.
The industry is expected to be worth USD 6,085.80 million by 2034.
Continuous grid casting machine is highly preferred in the industry.
The industry in India is predicted to expand at 6.30% CAGR through 2034.
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