Grid Casting Machine Market Outlook from 2024 to 2034

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%

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Key Industry Highlights

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.

Grid Casting Machine Market Trends Analysis

  • Expansion of telecommunication networks in developing regions supports industry growth. The need for backup power solutions nurtures the industry.
  • Microgrid projects in remote and off-grid areas aid industry expansion. The need for energy resilience boosts demand.
  • Lead-acid battery recycling programs are becoming popular in the battery industry. Demand for grid casting equipment that can process reclaimed materials is increasing.
  • Expansion of global infrastructure is helping the industry prosper, as these machines are used to make lead-acid batteries for backup power systems and uninterruptible power supplies.
  • Use of lead-acid batteries in disaster recovery and emergency response helps the industry expand. As the severity and frequency of natural disasters keep increasing, disaster-resilient energy storage systems are required.
Nikhil Kaitwade
Nikhil Kaitwade

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Grid Casting Machine Market Opportunity Analysis

  • Rise in Industry 4.0 adoption can be beneficial for the industry.
  • The need for customization in energy storage systems is opportunistic for manufacturers. Developing flexible grid casting equipment for industries like automotive, telecommunication, and other industrial sectors can increase revenues.
  • Increase in IoT devices and remote monitoring systems across industries means more demand for compact and reliable energy solutions. Manufacturers can tap into these niche segments.
  • Rise of energy harvesting solutions and wearables presents opportunities. These machines can be used to make miniature batteries that have high energy density and long cycle life to power devices.
  • Electrification of the maritime industry provides prospects. Businesses can benefit by developing casting technologies for marine battery production.

Category-wise Insights

Continuous Grid Casting Machines Gain Top Share

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.

Automotive Dominates as the Leading End Use 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.

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Country-wise Insights

Countries Value CAGR (2024 to 2034)
United States 4.80%
Germany 5.20%
China 4.70%
India 6.30%
Australia 5.80%

Pursuit of Energy Independence Drives Industry Growth in the United States

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.

Need for E-mobility Surges Sales in Germany

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.

Electric Vehicle Dominance Bolsters Growth in China

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.

Push for Renewable Energy Catapults Demand in India

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.

Shift toward Renewable Energy Sources Boosts Sales in Australia

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.

Competitive Analysis of Grid Casting Sector

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

  • In April 2024, Magnus Metal, a pioneer in industrial, high-volume digital casting for metal alloys, announced that it had secured USD 74 million in Series B investment. Magnus Metal plans to use the additional financing to further develop its revolutionary casting methods, as well as expand its operations locally and worldwide to assist its Fortune 100 customers.
  • Nissan Motor announced in April 2024 that the company will commence large-scale production of solid-state batteries for electric vehicles by early 2029.

Key Players in the Grid Casting Machine Industry

  • WIRTZ Manufacturing Company
  • SoVema Group
  • MAC Engineering
  • HADI Manufacturing Company
  • AXFA Corporation
  • Borit NV
  • EK Battemakina
  • Kunshan Lead Power Equipment Co., Ltd.
  • CAM Elit Batarya
  • Daramic, LLC

Key Coverage in the Grid Casting Machine Market Report

  • Demand Analysis of Automatic Grid Casting Machine
  • Sales Analysis of Gravity Grid Casting Machine
  • Revenue Analysis of Semi-automatic Grid Casting Machines
  • Demand Analysis of Automotive Grid Gravity Casting Machines

Key Segments of the Grid Casting Machine Market

By Type:

  • Continuous Grid Casting Machines
  • Semi-Continuous Grid Casting Machines
  • Batch Grid Casting Machines

By End-use Industries:

  • Automotive
  • Renewable Energy
  • Aerospace
  • Electronics
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Japan

Frequently Asked Questions

What is the Worth of the Grid Casting Machine Market?

The industry is in line to be valued at USD 2,818.90 million in 2024.

What is the Probable CAGR of the Grid Casting Machine Market?

The industry size is estimated to increase at 5.50% CAGR through 2034.

What is the Future Stance for the Grid Casting Machine Market?

The industry is expected to be worth USD 6,085.80 million by 2034.

Which is the Leading Type in the Grid Casting Machine Industry?

Continuous grid casting machine is highly preferred in the industry.

Which Country is Rising at a Higher CAGR in the Grid Casting Machine Market?

The industry in India is predicted to expand at 6.30% CAGR through 2034.

Table of Content
  • 1. Executive Summary
  • 2. Market Overview
  • 3. Key Market Trends
  • 4. Key Success Factors
  • 5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 6. Global Market - Pricing Analysis
  • 7. Global Market Demand (in Value or Size in USD Million) Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 8. Market Background
  • 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
    • 9.1. Continuous Grid Casting Machines
    • 9.2. Semi-Continuous Grid Casting Machines
    • 9.3. Batch Grid Casting Machines
  • 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use Industries
    • 10.1. Automotive
    • 10.2. Renewable Energy
    • 10.3. Aerospace
    • 10.4. Electronics
    • 10.5. Others
  • 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 11.1. North America
    • 11.2. Latin America
    • 11.3. East Asia
    • 11.4. South Asia Pacific
    • 11.5. Western Europe
    • 11.6. Eastern Europe
    • 11.7. Middle East and Africa (MEA)
  • 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 15. South Asia Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 16. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 17. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 19. Country-wise Market Analysis
  • 20. Market Structure Analysis
  • 21. Competition Analysis
    • 21.1. Zesar Technology
    • 21.2. Battery Technology Source
    • 21.3. Wirtz
    • 21.4. TC Machinery
    • 21.5. Sovema
    • 21.6. PDC Machine Kylt
    • 21.7. Hilans
    • 21.8. Better Technology Group Ltd
    • 21.9. MAC Engineering
    • 21.10. GridMaster Machinery
    • 21.11. Leadline Machinery
    • 21.12. PowerGrid Technology
    • 21.13. PCE Pacific, Inc.
    • 21.14. Eastman Casting
    • 21.15. Conmach Machinery
    • 21.16. GridTech Solutions
    • 21.17. ElectroGrid Machinery
    • 21.18. AlphaGrid Machinery
    • 21.19. GridCast Technologies
    • 21.20. MetalForming Inc.
    • 21.21. Other Key Players
  • 22. Primary Insights
  • 23. Assumptions and Acronyms Used
  • 24. Research Methodology
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