The Europe battery market is predicted to grow with a CAGR of 15.78% over the forecasted years of 2022 to 2030, capturing a revenue share of $77697.03 million by 2030.
EUROPE BATTERY MARKET FORECAST 2022-2030
Europe Battery Market by Type (Primary Battery, Secondary Battery) Market by Technology (Lead-acid Battery, Lithium-ion Battery, Nickel-cadmium Battery, Nickel Metal Hydride Battery, Nickel-zinc Battery, Flow Battery, Sodium-sulfur Battery, Zinc-manganese Dioxide Battery, Small Sealed Lead-acid Battery, Other Batteries) Market by Application (Automotive Batteries, Industrial Batteries, Portable Batteries, Power Tools Batteries, Sli Batteries, Other Applications) by Geography
The Europe battery market is predicted to grow with a CAGR of 15.78% over the forecasted years of 2022 to 2030, capturing a revenue share of $77697.03 million by 2030.
The regional market’s growth is primarily facilitated by significant investments in battery technologies by market players and the government of various countries, the increasing demand for the fast delivery of products, and the shift from internal combustion vehicles to electric vehicles. However, the Europe battery market may be challenged by scalability and flexibility issues among end-users.
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The Europe battery market growth study comprises the assessment of France, Spain, Italy, the United Kingdom, Germany, and Rest of Europe. The United Kingdom’s government and major organizations have made substantial investments in the construction of new battery production as well as battery technologies. This factor is one of the key drivers credited to the growth of the country’s battery market. In this regard, Britishvolt, a United Kingdom-based start-up, acquired new investments of over $50 million in 2022 from Glencore for the construction of a large-scale battery factory. The battery factory project is key to various prospects for the United Kingdom’s automotive industry as it plans to move towards battery electric vehicles with zero carbon emissions from the exhaust.
On the other hand, market players in France are undertaking a range of strategic initiatives such as product developments and launches, mergers, agreements, acquisitions, and others. This factor is expected to propel the growth of the battery market in the country. Moreover, in 2021, Renault signed partnership agreements with AESC, China, and Verkor, France, to supply electric vehicle batteries for its electric vehicle production hub in northern France. Renault also signed a memorandum of understanding with Verkor for co-developing and manufacturing high-performance batteries, intending to acquire more than a 20% stake in Verkor. As a result, these factors are set to proliferate the market growth in Europe during the forecasting years.
The Europe battery market is segmented into type, technology, and application. The technology category is further classified into lead-acid battery, lithium-ion battery, sodium-sulfur (NAS) battery, nickel-zinc (NiZn) battery, nickel-cadmium (NiCD) battery, nickel-metal hydride (NiMH) battery, zinc-manganese dioxide battery, flow battery, small sealed lead-acid battery, and other technologies. Lead-acid batteries constitute two electrodes submerged in an electrolyte of sulfuric acid. While the positive electrode is made from grains of metallic lead oxide, the negative electrode is attached to a grid comprising metallic lead. These batteries can be classified into two types, namely flooded and valve-regulated.
A flow battery is characterized as a type of electrochemical cell where the chemical energy is derived from two chemical components dissolved in liquids. Moreover, the liquids are pumped via the system on distinct membrane sides.
Key players operating in the Europe battery market are Exide Technologies, Saft Groupe SA, etc.
Saft Groupe SA, headquartered in France, is engaged in the development, manufacturing, and design of batteries utilized in a diverse range of sectors like defense, industry, and transport.
Report Synopsis
| Report Scope | Details |
| Market Forecast Years | 2022-2030 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Type, Technology, and Application |
| Countries Analyzed | France, Spain, Italy, the United Kingdom, Germany, and Rest of Europe |
| Companies Analyzed | Johnsons Controls Inc, GS Yuasa International Ltd, Exide Technologies, LG Chem Ltd, A123 Systems LLC, Toshiba Corporation, Panasonic Corporation, Samsung SDI Co Ltd, Saft Groupe SA, Trojan Battery Company, BYD Company Ltd, NEC Corporation, Eveready Industries, Duracell, East Penn Manufacturing Co, Crown Battery Manufacturing Company, C&D Technologies Inc, Enersys, Murata Manufacturing Co Ltd, Shenzhen Bak Battery Co Ltd |
- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- INCREASING POPULARITY OF CONSUMER ELECTRONICS
- INCENTIVES FOR EV BATTERY MANUFACTURING
- DECLINING PRICES OF BATTERIES
- HIGH DEMAND FOR AUTOMOTIVE APPLICATIONS ESPECIALLY FROM ELECTRIC VEHICLES
- KEY RESTRAINTS
- SAFETY ISSUES RELATED TO BATTERY USAGE
- VOLATILITY IN RAW MATERIAL PRICES
- ISSUES RELATED TO BATTERY RECYCLING
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON BATTERY MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- KEY BUYING CRITERIA
- ENERGY DENSITY
- BATTERY MEMORY
- LIFETIME
- DURABILITY
- VALUE CHAIN ANALYSIS
- LEGAL, POLICY & REGULATORY FRAMEWORK
- BATTERY/RAW MATERIAL PRICE TRENDS AND FORECAST, BY MAJOR TECHNOLOGY TYPE
- IMPORT AND EXPORT ANALYSIS, BY MAJOR TECHNOLOGY TYPE AND MAJOR COUNTRIES
- MARKET BY TYPE
- PRIMARY BATTERY
- SECONDARY BATTERY
- MARKET BY TECHNOLOGY
- LEAD-ACID BATTERY
- LITHIUM-ION BATTERY
- NICKEL-CADMIUM BATTERY
- NICKEL METAL HYDRIDE BATTERY
- NICKEL–ZINC (NIZN) BATTERY
- FLOW BATTERY
- SODIUM–SULFUR (NAS) BATTERY
- ZINC-MANGANESE DIOXIDE BATTERY
- SMALL SEALED LEAD-ACID BATTERY
- OTHER BATTERIES
- MARKET BY APPLICATION
- AUTOMOTIVE BATTERIES
- INDUSTRIAL BATTERIES
- PORTABLE BATTERIES
- POWER TOOLS BATTERIES
- SLI BATTERIES
- OTHER APPLICATIONS
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- SPAIN
- ITALY
- REST OF EUROPE
- EUROPE
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- A123 SYSTEMS LLC
- BYD COMPANY LTD
- C&D TECHNOLOGIES INC
- CROWN BATTERY MANUFACTURING COMPANY
- DURACELL
- EAST PENN MANUFACTURING CO
- ENERSYS
- EVEREADY INDUSTRIES
- EXIDE TECHNOLOGIES
- GS YUASA INTERNATIONAL LTD
- JOHNSONS CONTROLS INC
- LG CHEM LTD
- MURATA MANUFACTURING CO LTD
- NEC CORPORATION
- PANASONIC CORPORATION
- SAFT GROUPE SA
- SAMSUNG SDI CO LTD
- SHENZHEN BAK BATTERY CO LTD
- TOSHIBA CORPORATION
- TROJAN BATTERY COMPANY
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – BATTERY
TABLE 2: LEGAL, POLICY & REGULATORY FRAMEWORK
TABLE 3: EUROPE BATTERY MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 4: EUROPE BATTERY MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 5: EUROPE BATTERY MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: EUROPE BATTERY MARKET, BY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: EUROPE BATTERY MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: EUROPE BATTERY MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 9: EUROPE BATTERY MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: EUROPE BATTERY MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 11: LEADING PLAYERS OPERATING IN EUROPE BATTERY MARKET
TABLE 12: LIST OF MERGERS & ACQUISITIONS
TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: EUROPE BATTERY MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 8: EUROPE BATTERY MARKET, BY PRIMARY BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 9: EUROPE BATTERY MARKET, BY SECONDARY BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 10: EUROPE BATTERY MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2021
FIGURE 11: EUROPE BATTERY MARKET, BY LEAD-ACID BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 12: EUROPE BATTERY MARKET, BY LITHIUM-ION BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 13: EUROPE BATTERY MARKET, BY NICKEL-CADMIUM BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 14: EUROPE BATTERY MARKET, BY NICKEL METAL HYDRIDE BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 15: EUROPE BATTERY MARKET, BY NICKEL–ZINC (NIZN) BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 16: EUROPE BATTERY MARKET, BY FLOW BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 17: EUROPE BATTERY MARKET, BY SODIUM–SULFUR (NAS) BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 18: EUROPE BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 19: EUROPE BATTERY MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2030 (IN $ MILLION)
FIGURE 20: EUROPE BATTERY MARKET, BY OTHER BATTERIES, 2022-2030 (IN $ MILLION)
FIGURE 21: EUROPE BATTERY MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021
FIGURE 22: EUROPE BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2022-2030 (IN $ MILLION)
FIGURE 23: EUROPE BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2022-2030 (IN $ MILLION)
FIGURE 24: EUROPE BATTERY MARKET, BY PORTABLE BATTERIES, 2022-2030 (IN $ MILLION)
FIGURE 25: EUROPE BATTERY MARKET, BY POWER TOOLS BATTERIES, 2022-2030 (IN $ MILLION)
FIGURE 26: EUROPE BATTERY MARKET, BY SLI BATTERIES, 2022-2030 (IN $ MILLION)
FIGURE 27: EUROPE BATTERY MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)
FIGURE 28: EUROPE BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 29: UNITED KINGDOM BATTERY MARKET, 2022-2030 (IN $ MILLION)
FIGURE 30: GERMANY BATTERY MARKET, 2022-2030 (IN $ MILLION)
FIGURE 31: FRANCE BATTERY MARKET, 2022-2030 (IN $ MILLION)
FIGURE 32: SPAIN BATTERY MARKET, 2022-2030 (IN $ MILLION)
FIGURE 33: ITALY BATTERY MARKET, 2022-2030 (IN $ MILLION)
FIGURE 34: REST OF EUROPE BATTERY MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- SPAIN
- ITALY
- REST OF EUROPE
- EUROPE
- MARKET BY TYPE
- PRIMARY BATTERY
- SECONDARY BATTERY
- MARKET BY TECHNOLOGY
- LEAD-ACID BATTERY
- LITHIUM-ION BATTERY
- NICKEL-CADMIUM BATTERY
- NICKEL METAL HYDRIDE BATTERY
- NICKEL–ZINC (NIZN) BATTERY
- FLOW BATTERY
- SODIUM–SULFUR (NAS) BATTERY
- ZINC-MANGANESE DIOXIDE BATTERY
- SMALL SEALED LEAD-ACID BATTERY
- OTHER BATTERIES
- MARKET BY APPLICATION
- AUTOMOTIVE BATTERIES
- INDUSTRIAL BATTERIES
- PORTABLE BATTERIES
- POWER TOOLS BATTERIES
- SLI BATTERIES
- OTHER APPLICATIONS
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