The European battery market is estimated to grow at a significant CAGR during the forecast period. The demand for batteries has increased owing to the increased adoption of EVs. The substantial market for EVs is one of the major factors contributing to increasing the demand for Li-ion batteries and hence driving the growth of the market.
(Get 15% Discount on Buying this Report)
Get Report Sample Copy @ https://www.omrglobal.com/request-sample/europe-battery-market
Moreover, the growth of the European battery industry is driven by the presence of major battery players and key contributions by them towards the growth of the market. For instance, in February 2020, Saft and the PSA Group announced plans for two lithium-ion EV battery cell plants in Europe.
A Full Report of Global IoT Sensors Market is Available at: https://www.omrglobal.com/industry-reports/europe-battery-market
The French-German alliance intends to establish a joint venture named Automotive Cell Company (ACC), with a total output of 48 GWh annually by 2030, through around a $5.9 billion investment, supported by nearly $1.5 billion in public funding from the European Union.
The first phase of the project focuses on R&D, including building a pilot plant on the land of Saft’s Nersac facility. The plant is scheduled to start-up in mid-2021 and represents an investment of around $236 million.
8 GWh gigafactory will be built in the northern Hauts-de-France region in France starting in 2023 (then expanded to 16 GWh and 24 GWh). In addition, 8 GWh gigafactory to be built in Rhineland-Palatinate state in Germany (then expanded to 16 GWh and 24 GWh) and the total output to be 48 GWh by 2030
European Battery Market- Segmentation
By Category
- Primary
- Secondary
By Type
- Lithium-Ion
- Nickel-Metal Hydride (NI-MH)
- Nickel Cadmium
- Lead Acid
- Others
By Application
- Automotive
- Industrial
- Consumer Electronics
- Power & Energy
- Others
European Battery Market– Segment by Region
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- A123 Systems, LLC
- 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.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/europe-battery-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
