The German 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 country. With the presence of a well-established automotive industry, a significant market for the battery is expected in the region. Further, the players in the market are expanding production facilities to meet the growing need of the electric vehicle industry. For instance, in February 2020, Saft and the PSA Group announced plans for two lithium-ion EV battery cell plants in Europe (one in Germany and the other in France).
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The German 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 is 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
Germany Battery Market by Category
- Primary
- Secondary
Germany Battery Market by Type
- Lithium Ion (Li-Ion)
- Nickel-Metal Hydride (NI-MH)
- Nickel Cadmium
- Lead Acid
- Others
Germany Battery Market by Application
- Automotive
- Industrial
- Consumer Electronics
- Others
Company Profiles
- A123 Systems, LLC
- Overview
- A123 Systems, LLC in Battery Landscape
- Recent Developments
- BOS Balance of Storage Systems AG.
- Contemporary Amperex Technology Co., Ltd.
- Exide Industries Ltd.
- Saft Group SA
- Siemens AG
- Tesla Inc.
- Tesvolt GmbH
- VARTA Storage GmbH
The Report Covers
- Comprehensive research methodology of the German 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 German Battery Market.
- Insights about market determinants that are stimulating the German 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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