Lead Tab is a metal conductor that leads from the positive and negative electrodes of a soft pack core. The positive electrode of a lithium battery is made of aluminium and the negative electrode is made of nickel and nickel-plated copper, both of which are made from a combination of modified PP adhesive and metal tape.

SUMITOMO ELECTRIC, Shanghai Tokuen, Soulbrain, Guangdong Zhengyee, ELCOM CO.,LTD, Dongguan Huachuang New Power, CLAVIS Corporation and POLE are the key manufactures in the global Battery Tab Lead market. Among them, SUMITOMO ELECTRIC is the largest manufacturer, its revenue share of global market exceeds 16.63% in 2022. The market concentration is medium, top 3 players accounted for about 32.39% of the world’s revenue share.

In terms of types, Al Lead Tab occupied the largest sales share of 50% in 2022. Although more and more Ni Lead Tab was produced, Al Lead Tab will remain a leading position for a long time in the future. It is worth mentioning that, Ni-Cu Lead Tab growth fastest in the forecast period with a CAGR of 11.7% from 2023 to 2029.

From the perspective of the downstream application market, the automotive power battery field is an important contributor to the current market demand for lithium battery equipment. The rapid development of the new energy vehicle industry has driven the increase in the demand for power batteries, which will directly drive the demand for lithium battery testing equipment. In 2022, the consumption volume of EV LIB accounted for 70.21% of global share. And it expected to grow with the CAGR of 12% from 2023 to 2029, faster than global market growth.

Asia-Pacific is the largest consumer, who owned 76.96% share in global consumption market in 2022.  Global Battery Tab Lead market was valued at US$ 756.25 million in 2022 and will reach US$ 1303.07 million by the end of 2029, growing at a CAGR of 8% during 2023-2029.

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