Battery Lug is a kind of raw material of lithium-ion polymer battery products that leads the positive and negative poles out of the cell

According to Researcher's new survey, global Battery Lug market is projected to reach US$ 1402.5 million in 2029, increasing from US$ 648.3 million in 2022, with the CAGR of 11.5% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Battery Lug market research.

China's policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of China's new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%. Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, China's lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.

Report Scope

This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Battery Lug market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.


By Company


SUMITOMO ELECTRIC

Shanghai Tokuen

NEPES

CLAVIS Corporation

Zhejiang Tony Electronic

Jiangsu Jiulan New Energy

Soulbrain

POLE

ELCOM CO

Dongguan Huachuang New Power

SAMA

Sichuan Enlaijidianzi

MISUZU Holding

Dongguan MIC New Mstar Technology

Guangdong Zhengyee

Nets Co., Ltd

Gelonlib

Shinhwa IT

Futaba Corporation

Hebei Litonghang


Segment by Type


Aluminum Lug

Nickel Lug

Nickel Plating on Copper

Others


Segment by Application


Consumer Use LIB

EV LIB

Energy Storage LIB


Production by Region



North America

Europe

China

Japan

South Korea


Consumption by Region


North America

United States

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

China Taiwan

Southeast Asia

India

Latin America, Middle East & Africa

Mexico

Brazil

Turkey

GCC Countries

The Battery Lug report covers below items:

Chapter 1: Product Basic Information (Definition, type and application)

Chapter 2: Manufacturers’ Competition Patterns

Chapter 3: Production Region Distribution and Analysis

Chapter 4: Country Level Sales Analysis

Chapter 5: Product Type Analysis

Chapter 6: Product Application Analysis

Chapter 7: Manufacturers’ Outline

Chapter 8: Industry Chain, Market Channel and Customer Analysis

Chapter 9: Market Opportunities and Challenges

Chapter 10: Market Conclusions

Chapter 11: Research Methodology and Data Source