Battery Manufacturing Construction Project Insights and Analytics (Q1 2024)
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Battery Manufacturing Construction Projects Report Overview
The total value of battery manufacturing construction projects is $484 billion in Q1 2024 at all stages from announcement to execution. Increased demand for energy storage and the shift towards electric vehicles (EV) are driving investments in battery projects. Economic growth and environmental awareness are creating the need and financial means to transition from Internal Combustion Engine (ICE) driven vehicles to EVs. Clean energy from wind and solar power plants and storage of power for an uninterrupted power supply are also bolstering the need for battery energy storage systems worldwide.
The battery manufacturing construction projects research report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed as per the region, stage, and value of projects.
Market Size (Q1 2024) | $484 billion |
Key Regions | · Americas
· Europe and Middle East and Africa (EMEA) · Asia-Pacific |
Key Funding Mode | · Private
· Public · Public/Private |
Leading Contractors | · Barton Malow
· Gray Construction · Actividades de Construccion y Servicios · Ratos · China State Construction Engineering · China Construction Second Engineering Bureau |
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Battery Manufacturing Construction Projects Segmentation by Regions
The key regions with battery manufacturing construction projects in the pipeline are Asia-Pacific, EMEA, and Americas. In Q1 2024, Asia-Pacific holds the largest battery manufacturing construction projects pipeline share.
Asia-Pacific: The region will dominate the global electric vehicle supply chain as battery manufacturers strive to keep up with increasing demand. China accounts for over 70% of global battery production capacity in the region. Indonesia and India are making considerable investments by providing incentives to produce the batteries locally. Additionally, the South Korean government and its top battery companies plan to jointly invest $15.1 billion through 2030 to develop advanced battery technologies. These are the factors aiding Asia-Pacific to emerge as the battery manufacturing leader.
Battery Manufacturing Construction Projects Analysis by Region, Q1 2024 (%)
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Battery Manufacturing Construction Projects by Funding Modes
The key funding modes supporting battery manufacturing construction projects are public, public/private, and private. The private funding mode accounts for the majority share of the battery manufacturing construction projects in Q1 2024. It was followed by public/private mode.
Battery Manufacturing Construction Projects Analysis by Funding Modes, Q1 2024 (%)
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Battery Manufacturing Construction Projects – Competitive Landscape
The leading contractors involved in the global battery manufacturing construction projects pipeline are:
- Barton Malow
- Gray Construction
- Actividades de Construccion y Servicios
- Ratos
- China State Construction Engineering
- China Construction Second Engineering Bureau
Battery manufacturing Construction Projects Analysis by Contractors, Q1 2024 (%)
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Battery manufacturing Construction Projects- Latest Developments
- Panasonic is advancing its plans to construct a $4 billion lithium-ion battery manufacturing facility in De Soto, Kansas, with production slated to commence in early 2025. This strategic move is set to bolster the company’s battery production capacity and is anticipated to generate around 4,000 new jobs in the area that spans across 4.7 million square feet. The state-supported project with $1 billion economic incentives.
- Swedish lithium-ion battery maker Northvolt locked in European approval for a €902 million ($986 million) subsidy from the German government to build a gigafactory. The European Commission gave the new factory the stamp of approval, adding that it will boost the bloc’s clean energy future and help curb its dependency on China, according to a statement.
Battery manufacturing Construction Projects Segmentation
Battery manufacturing Construction Projects Regional Outlook (Value, $ Trillion)
- North America
- Northeast Asia
- South Asia
- Middle East and North Africa (MENA)
- Southeast Asia
- Western Europe
- Eastern Europe
- Latin America
- Australasia
- Sub-Saharan Africa
Battery manufacturing Construction Projects Funding Mode Outlook (Value, $ Trillion)
- Public
- Public/Private
- Private
Scope
- The report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions.
- The top 20 projects per region are listed giving the country, stage, and value of projects. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers, and project owners.
Reasons to Buy
- Gain insight into the development of the battery manufacturing buildings construction sector.
- Assess all major projects by value, start date, scope, and stage of development globally, for the regions to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
Table of Contents
Frequently asked questions
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What is the total value of the battery manufacturing construction projects in Q1 2024?
The total value of battery manufacturing construction projects is $484 billion in Q1 2024.
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Which region held the largest share of the battery manufacturing construction projects pipeline value?
Asia-Pacific holds the largest share of the global pipeline in Q1 2024.
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Which funding mode held the highest share of the battery manufacturing construction projects?
The private funding mode accounts for the majority share of the battery manufacturing construction projects in Q1 2024.
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Which are the major contractors operating in the battery manufacturing construction projects?
The leading contractors involved in the battery manufacturing construction projects are Barton Malow, Gray Construction, Actividades de Construccion y Servicios, Ratos, China State Construction Engineering, and China Construction Second Engineering Bureau among others.
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