The UK battery market is estimated to grow at a significant CAGR during the forecast period. The market growth is attributed to the increasing demand for batteries from the well-established automotive industry of the country. The UK chemical industry is in a strong position to capitalize on the rapidly growing battery market in the country.
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For instance, in November 2020, Tesla Inc. announced that its new 2021 Model 3 vehicles are now equipped with a new 82 kWh battery pack, more energy-dense battery cells produced by Panasonic Corp. Further, in 2019, Panasonic announced an extra $100 million investment in Gigafactory Nevada, its partnership with Tesla for the production of battery cells exclusively for the electric automaker.
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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
- , and others
UK 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
The Report Covers
- Comprehensive research methodology of the UK 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 UK Battery Market.
- Insights about market determinants that are stimulating the UK 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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