The Global Battery Module and Pack Market was valued at USD 122.45 Billion in 2022 and is projected to reach USD 352.18 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 14.1% during the forecast period (2022–2030). This robust expansion is being propelled by the global shift to electric mobility, rising demand for grid-scale energy storage, and the proliferation of consumer electronics requiring high-density, reliable power sources.

As the world accelerates its transition to clean energy and electrification, the critical enabler is advanced battery technology. These systems are no longer simple components but sophisticated, integrated power solutions. In this analysis, we profile the Top 10 Companies in the Battery Module and Pack Industry—a group of technology giants, automotive suppliers, and energy specialists shaping the future of power storage.

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🔟 1. LG Energy Solution

Headquarters: Seoul, South Korea
Key Offering: Lithium-ion Battery Modules and Packs for EVs, ESS, and Consumer Electronics

LG Energy Solution (LGES) is a global leader in advanced lithium-ion batteries, supplying major automotive OEMs like General Motors, Tesla, and Hyundai. The company is renowned for its high-energy-density NMC (Nickel Manganese Cobalt) and LFP (Lithium Iron Phosphate) chemistries, focusing on safety and longevity.

Innovation and Expansion Initiatives:

• Massive global capacity expansion targeting over 400 GWh by 2025

• Pioneering solid-state battery technology for next-generation EVs

• Strategic joint ventures with automakers to build localized gigafactories in North America and Europe

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9️⃣ 2. Contemporary Amperex Technology Co. Limited (CATL)

Headquarters: Ningde, Fujian, China
Key Offering: EV Battery Packs, Energy Storage Systems (ESS), Battery Swap Solutions

CATL is the world’s largest battery manufacturer by volume, commanding a significant share of the global EV battery market. Its innovative cell-to-pack (CTP) and condensed battery technologies are setting new benchmarks for energy density and cost efficiency.

Innovation and Expansion Initiatives:

• Global leader in LFP battery production, driving down costs for mass-market EVs

• Developing sodium-ion batteries as a sustainable and cost-effective alternative

• Aggressive overseas expansion with gigafactories in Germany and planned facilities in the US

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8️⃣ 3. Samsung SDI

Headquarters: Yongin-si, Gyeonggi-do, South Korea
Key Offering: Prismatic and Pouch Battery Cells, Modules, and Packs for Automotive and ESS

Samsung SDI is a key supplier to European and US luxury automakers, known for its high-performance prismatic cells. The company excels in battery management systems (BMS) that enhance the safety and efficiency of its modules and packs.

Innovation and Expansion Initiatives:

• Focus on Gen.5 batteries with higher nickel content for increased range

• Strong partnership with Stellantis for North American battery production

• Investment in all-solid-state battery technology for a 2027 target commercialization

Download FREE Sample Report: 2022-2030 Report on Global Battery Module and Pack Market – View in Detailed Research Report

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7️⃣ 4. Panasonic Holdings Corporation

Headquarters: Kadoma, Osaka, Japan
Key Offering: Cylindrical Lithium-ion Battery Cells and Packs (primarily 2170 and 4680 formats)

Panasonic is a long-standing pioneer in lithium-ion technology and Tesla’s primary battery partner for over a decade. Its expertise in high-energy-density cylindrical cells is critical for the performance of leading electric vehicles.

Innovation and Expansion Initiatives:

• Mass production of the new, larger 4680 battery cells for next-gen EVs

• Diversifying its customer base beyond Tesla to supply other automakers

• Expanding production capacity in the US, particularly in Kansas

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6️⃣ 5. BYD Company Ltd.

Headquarters: Shenzhen, Guangdong, China
Key Offering: Blade Battery (LFP) Packs, ESS, and Integrated Vehicle-to-Grid (V2G) Solutions

BYD is unique as a vertically integrated company, producing its own batteries for its rapidly growing electric vehicle lineup. Its innovative Blade Battery design enhances safety by passing rigorous nail penetration tests and offers superior pack-level energy density.

Innovation and Expansion Initiatives:

• Global promotion of the Blade Battery technology to other automakers, including Tesla and Toyota

• Rapid scaling of production capacity to meet soaring internal and external demand

• Leadership in the LFP battery segment, which is gaining market share globally

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5️⃣ 6. SK On

Headquarters: Seoul, South Korea
Key Offering: High-Nickel NCM Battery Cells and Packs for Electric Vehicles

SK On, spun off from SK Innovation, is a fast-growing battery manufacturer with a strong foothold in the North American market through partnerships with Ford and Hyundai. The company specializes in high-performance batteries that enable long driving ranges.

Innovation and Expansion Initiatives:

• Aggressive investment in US-based gigafactories through joint ventures with Ford (BlueOvalSK)

• Development of Z-folding and PIL (Premium Indented Lead) technology for enhanced safety and energy density

• Targeting a global production capacity of over 200 GWh by 2025

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4️⃣ 7. Clarios (formerly Johnson Controls Power Solutions)

Headquarters: Milwaukee, Wisconsin, USA
Key Offering: Advanced Lead-Acid and Lithium-ion Batteries for Automotive SLI (Starting, Lighting, Ignition) and Mild Hybrid Systems

Clarios is the global leader in low-voltage battery technology, supplying nearly one-third of the world’s vehicles. The company plays a critical role in the transition to electrification by providing essential power for 48V mild-hybrid systems and advanced electrical architectures.

Innovation and Expansion Initiatives:

• Leading the circular economy with a 99% recycling rate for its lead-acid batteries

• Expanding its lithium-ion portfolio to support the growth of start-stop and mild-hybrid vehicles

• Focus on smart battery sensors and connected technologies for enhanced performance monitoring

Download FREE Sample Report: 2022-2030 Report on Global Battery Module and Pack Market – View in Detailed Research Report

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3️⃣ 8. GS Yuasa International Ltd.

Headquarters: Kyoto, Japan
Key Offering: Lithium-ion and Lead-Acid Batteries for Automotive, Industrial, and Aerospace Applications

GS Yuasa is a respected global battery manufacturer with a strong presence in both conventional and advanced battery technologies. The company supplies lithium-ion batteries for hybrid electric vehicles (HEVs) and is involved in aerospace and defense applications.

Innovation and Expansion Initiatives:

• Long-standing supplier of Li-ion batteries for Honda and other Japanese automakers’ hybrid models

• Development of high-capacity, high-reliability batteries for the International Space Station and satellites

• Focus on improving the safety and cycle life of its energy storage system (ESS) products

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2️⃣ 9. CALB (China Aviation Lithium Battery Co., Ltd.)

Headquarters: Changzhou, Jiangsu, China
Key Offering: Lithium-ion Batteries for Electric Vehicles and Energy Storage

CALB is one of China’s top-tier battery makers, rapidly expanding its market share with competitive products. Its “One-Stop” product platform is designed to offer cost-effective and scalable solutions for a wide range of EV and ESS applications.

Innovation and Expansion Initiatives:

• Rapid capacity expansion with new manufacturing bases across China

• Introduction of new cell-to-pack technologies to improve volumetric efficiency

• Strategic push into European markets with plans for a local gigafactory

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1️⃣ 10. Envision AESC

Headquarters: Kanagawa, Japan (Part of Envision Group)
Key Offering: High-Performance Lithium-ion Batteries for Electric Vehicles with a Focus on Safety and Quality

Envision AESC has a strong heritage of producing batteries with an impeccable safety record, having supplied Nissan for the Leaf for over a decade. Under the Envision Group, it is expanding globally with a focus on net-zero carbon intelligent batteries.

Innovation and Expansion Initiatives:

• Building gigafactories in the UK, France, Japan, and China to create a global supply network

• Developing “Net Zero” batteries manufactured using renewable energy and recycled materials

• Strong emphasis on AIoT (Artificial Intelligence of Things) to create smart, connected batteries

Get Full Report Here: 2022-2030 Report on Global Battery Module and Pack Market – View in Detailed Research Report

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🌍 Outlook: The Future of Battery Modules and Packs Is Smarter, Safer, and More Sustainable

The battery module and pack market is at the heart of the global energy transition. The industry is moving beyond simply increasing energy density to holistically improving sustainability, safety, and intelligence within the battery system.

📈 Key Trends Shaping the Market:

• Technology Diversification: Coexistence and competition between NMC, LFP, and emerging sodium-ion chemistries.

• Supply Chain Localization: Rapid establishment of gigafactories in North America and Europe to reduce reliance on Asian imports and comply with local content requirements.

• Vertical Integration: Automakers increasingly investing in in-house battery pack design and manufacturing to control core technology and costs.

• Circular Economy: Scaling up of battery recycling and second-life applications for energy storage to create a sustainable battery ecosystem.

Get Full Report Here: 2022-2030 Report on Global Battery Module and Pack Market – View in Detailed Research Report

The companies profiled are not just manufacturing components; they are building the foundational power infrastructure for a cleaner, electrified world. Their innovations will determine the pace and success of the global shift away from fossil fuels.