Market by Battery Type, Technology, End-use and Country Outlook | Forecast 2022-2028
According to a report by Triton Market Research, Europe's battery market is anticipated to develop with a CAGR of 14.78% in the forecast period 2022-2028.
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The countries analyzed in the
market include:
• Italy
• Germany
• France
• The United Kingdom
• Spain
• Rest of Europe
The battery market in Europe is expected to be positively impacted due
to the significant investment by market players and government initiatives in
battery technologies, and the construction of new battery production
facilities. Further, the increasing demand for the fast delivery of products
has resulted in the need to improve the logistics and distribution business
across the region.
This increase offers multiple growth opportunities for the Li-ion
batteries in the material handling sectors. The region is also the initiator of
the Paris Climate Pact that promoted the region's shift from internal
combustion vehicles to electric vehicles. Growth in the automotive industry
across the region is another factor that is expected to promote market growth
in the forecast years.
In Germany, one of the major growth factors is the significant rise in
the demand for electric vehicles, resulting in an increased number of new registration
of electric cars. For instance, the number of new electric cars registered in
the country increased from 11,410 in 2016 to 355,961 in 2021. Also, 105,847
cars were registered in 2022 in the first quarter. Such high demand for
electric vehicles is expected to increase the adoption of different battery
types, which can positively impact the market.
Whereas, in Spain, the market is expected to witness growth owing to
factors such as strategic initiatives by market players to open new battery
production units and giga factories and the rise in electric vehicle
popularity. As a result of the growing demand for different types of batteries
in Spain, the market players are investing in strengthening the battery
manufacturing facilities. For instance, in 2022, SEAT and Volkswagen Group
announced their aim to invest $10.6 billion in the Future: Fast Forward project
(with 62 participating companies) to make Spain a hub for electric mobility in
Europe. All these factors contribute to the battery market growth in Spain
during the forecast period.
An automotive battery is used to power the electrical systems of
vehicles when the engine is turned off. The starting, lighting, and ignition
(SLI) application in the automotive industry has contributed to the high demand
for these batteries for SLI in vehicles. Growth in the automotive sector across
the globe and product developments and launches by the global market players
are some of the major factors contributing to the market growth during the
forecast period. The
studied report assesses the market's growth based on battery type, technology,
and end-use. Here, the end-use segment
comprises automotive batteries, industrial batteries, portable
batteries, power tools batteries, SLI batteries, and other end-uses.
The
dominant players in the battery market are GS Yuasa International Ltd, A123
Systems LLC, NEC Corporation, Saft Groupe SA, Murata Manufacturing Co Ltd,
Johnsons Controls Inc, EnerSys, and Exide Technologies.
Founded in 1888 and headquartered in France, Exide Technologies is the
manufacturer of a wide range of lead and electric storage batteries for
automobiles, aircraft, power stations, railways, telephone exchanges, etc. The
company is also one of the largest secondary recyclers worldwide and one of the
few battery companies that offer total battery management. The company has a
strong presence in regions such as North America, Europe, the Middle East,
Africa, and Asia-Pacific.
Key deliverables of the
report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the battery market revenue growth in Europe and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter's Five Forces Model
●
A wide-ranging study of factors that will challenge the Europe
battery market's growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. EUROPE
BATTERY MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE BATTERY MARKET
2.2. KEY
INSIGHTS
2.2.1. INCREASING
DEMAND FOR ENERGY STORAGE SYSTEMS
2.2.2. EMERGENCE
OF AGM BATTERIES
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. PRODUCT
LAUNCHES & DEVELOPMENTS
2.6.2. PARTNERSHIPS
& AGREEMENTS
2.7. MARKET
DRIVERS
2.7.1. RISING
POPULARITY OF CONSUMER ELECTRONICS
2.7.2. INCENTIVES
FOR MANUFACTURING ELECTRIC VEHICLE BATTERIES
2.7.3. DECLINING
BATTERY PRICES
2.7.4. HIGH
DEMAND FOR AUTOMOTIVE APPLICATIONS
2.8. MARKET
CHALLENGES
2.8.1. SAFETY
ISSUES PERTAINING TO BATTERY USAGE
2.8.2. VOLATILITY
IN THE PRICES OF RAW MATERIALS
2.8.3. ISSUES
PERTAINING TO BATTERY RECYCLING
2.9. MARKET
OPPORTUNITIES
2.9.1. INCREASING
PENETRATION OF MARINE BATTERIES
2.9.2. GOVERNMENT
INCENTIVES FOR CLEANER TRANSPORTATION
3. EUROPE
BATTERY MARKET OUTLOOK - BY BATTERY TYPE
3.1. PRIMARY
BATTERY
3.2. SECONDARY
BATTERY
4. EUROPE
BATTERY MARKET OUTLOOK - BY TECHNOLOGY
4.1. LEAD-ACID
BATTERY
4.2. LITHIUM-ION
BATTERY
4.3. NICKEL-METAL
HYDRIDE (NIMH) BATTERY
4.4. NICKEL-CADMIUM
(NICD) BATTERY
4.5. NICKEL-ZINC
(NIZN) BATTERY
4.6. FLOW
BATTERY
4.7. SODIUM-SULFUR
(NAS) BATTERY
4.8. ZINC-MANGANESE
DIOXIDE BATTERY
4.9. SMALL
SEALED LEAD-ACID BATTERY
4.10. OTHER
TECHNOLOGIES
5. EUROPE
BATTERY MARKET OUTLOOK - BY END-USE
5.1. AUTOMOTIVE
BATTERIES
5.2. INDUSTRIAL
BATTERIES
5.3. PORTABLE
BATTERIES
5.4. POWER
TOOLS BATTERIES
5.5. SLI
BATTERIES
5.6. OTHER
END-USES
6. EUROPE
BATTERY INDUSTRY - COUNTRY OUTLOOK
6.1. UNITED
KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. SPAIN
6.5. ITALY
6.6. REST
OF EUROPE
7. COMPETITIVE
LANDSCAPE
7.1. JOHNSONS
CONTROLS INC
7.2. GS
YUASA INTERNATIONAL LTD
7.3. EXIDE
TECHNOLOGIES
7.4. LG
CHEM LTD
7.5. A123
SYSTEMS LLC
7.6. TOSHIBA
CORPORATION
7.7. PANASONIC
CORPORATION
7.8. SAMSUNG
SDI CO LTD
7.9. SAFT
GROUPE SA
7.10. TROJAN
BATTERY COMPANY
7.11. BYD
COMPANY LTD
7.12. NEC
CORPORATION
7.13. EVEREADY
INDUSTRIES
7.14. DURACELL
7.15. EAST
PENN MANUFACTURING CO
7.16. CROWN
BATTERY MANUFACTURING COMPANY
7.17. C&D
TECHNOLOGIES INC
7.18. ENERSYS
7.19. MURATA
MANUFACTURING CO LTD
7.20. SHENZHEN
BAK BATTERY CO LTD
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE BATTERY
MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: EUROPE BATTERY
MARKET, BY BATTERY TYPE, 2022-2028, (IN $ MILLION)
TABLE 4: EUROPE BATTERY
MARKET, BY TECHNOLOGY, 2022-2028, (IN $ MILLION)
TABLE 5: EUROPE BATTERY
MARKET, BY END-USE, 2022-2028, (IN $ MILLION)
TABLE 6: EUROPE BATTERY
MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: EUROPE BATTERY
MARKET, BY BATTERY TYPE, 2021 & 2028 (IN %)
FIGURE 3: EUROPE BATTERY
MARKET, BY PRIMARY BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 4: EUROPE BATTERY
MARKET, BY SECONDARY BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 5: EUROPE BATTERY
MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE 6: EUROPE BATTERY
MARKET, BY LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 7: EUROPE BATTERY
MARKET, BY LITHIUM-ION BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 8: EUROPE BATTERY
MARKET, BY NICKEL-METAL HYDRIDE (NIMH) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 9: EUROPE BATTERY
MARKET, BY NICKEL-CADMIUM (NICD) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 10: EUROPE BATTERY
MARKET, BY NICKEL-ZINC (NIZN) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 11: EUROPE BATTERY
MARKET, BY FLOW BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 12: EUROPE BATTERY
MARKET, BY SODIUM-SULFUR (NAS) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 13: EUROPE BATTERY
MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 14: EUROPE BATTERY
MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 15: EUROPE BATTERY
MARKET, BY OTHER TECHNOLOGIES, 2022-2028 (IN $ MILLION)
FIGURE 16: EUROPE BATTERY
MARKET, BY END-USE, 2021 & 2028 (IN %)
FIGURE 17: EUROPE BATTERY
MARKET, BY AUTOMOTIVE BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 18: EUROPE BATTERY
MARKET, BY INDUSTRIAL BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 19: EUROPE BATTERY
MARKET, BY PORTABLE BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 20: EUROPE BATTERY
MARKET, BY POWER TOOLS BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 21: EUROPE BATTERY
MARKET, BY SLI BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 22: EUROPE BATTERY
MARKET, BY OTHER END-USES, 2022-2028 (IN $ MILLION)
FIGURE 23: EUROPE BATTERY
MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 24: UNITED KINGDOM
BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: GERMANY BATTERY
MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: FRANCE BATTERY
MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: SPAIN BATTERY
MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: ITALY BATTERY
MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: REST OF EUROPE
BATTERY MARKET 2022-2028 (IN $ MILLION)