Battery Manufacturing 2030: Collaborating at Warp Speed

What it takes for equipment manufacturers to ride the coming wave of breakneck growth

In early 2024, Porsche Consulting released its comprehensive study Battery Manufacturing 2030: Collaborating at Warp Speed. It tackled the question of what it will take for battery equipment manufacturers to ride the coming wave of breakneck growth and create a viable manufacturing cluster that can compete with Asia.

The current mobility and energy transition offers an unprecedented opportunity, as the battery cell market is quickly racing from $22 billion in 2020 to $605 billion in one decade and is expected to reach $743 billion in 2035. Roughly 230 battery plants are scheduled to be constructed worldwide by the end of 2035. Equipment manufacturers stand to benefit enormously from this boom if they can outpace the established competition—there is growth potential of up to 50% CAGR and a total market worth up to $330 billion by 2030.

This North American Supplement to the study considers the effects of the Inflation Reduction Act and offers new insights into market size and manufacturing capacity specifically in the North American region. Given the robust in-market demand, North America-based equipment providers can leverage advantages in lead time and quality to win a substantial share of the market.