The European battery market is estimated to grow at a significant CAGR during the forecast period. The market growth is attributed to the presence of a well-established automotive industry in the region. The European automotive industry has experienced moderate growth in the historic period; however, a significant decline is expected owing to the ongoing COVID-19 outbreak. The region has surpassed its peak for the number of new cases of COVID-19 and gradually returning to normalcy. With the presence of a well-established automotive industry, a significant market for the battery is expected in the region.
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The European battery market is segmented on the basis of category, type, and application. Based on the category, the market is bifurcated into the primary battery and secondary battery. Based on the type, the market Li-Ion battery, Ni-MH battery, Nickel Cadmium battery, lead-acid battery, and other batteries. Moreover, as per application, the market is segmented into automotive, industrial, consumer electronics, power & energy, and other applications. The emerging focus on new and recycled battery technologies in consumer electrics coupled with the high replacement rate of consumer electronics such as smartphones and power banks are primarily contributing to the market of the consumer electronics segment.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
European Battery Market by Category
- Primary
- Secondary
European Battery Market by Type
- Lithium Ion (Li-Ion)
- Nickel-Metal Hydride (NI-MH)
- Nickel Cadmium
- Lead Acid
- Others
European Battery Market by Application
- Automotive
- Industrial
- Consumer Electronics
- Others
Regional Analysis
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- A123 Systems, LLC
- Overview
- A123 Systems, LLC in Europe
- A123 Systems, LLC in Battery Landscape
- Recent Developments
- Accutronics Ltd.
- AceOn Group
- Automotive Energy Supply Corp.
- BOS Balance of Storage Systems AG.
- BroadBit Batteries Oy
- BYD Co. Ltd.
- Contemporary Amperex Technology Co., Ltd.
- E-Getx Ltd.
- Exide Industries Ltd.
- Faradion Ltd.
- NEXEON LTD.
- NGK Insulators Ltd.
- OXIS Energy Ltd.
- Saft Groupe SA
- Siemens AG
- Tesla Inc.
- Tesvolt GmbH
- VARTA Storage GmbH
The Report Covers
- Comprehensive research methodology of the European Battery Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European Battery Market.
- Insights about market determinants which are stimulating the European Battery Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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