EUROPE BATTERY MARKET 2022-2028

Energy, Power & Utilities | Energy Storage

EUROPE BATTERY MARKET 2022-2028

Market by Battery Type, Technology, End-use and Country Outlook | Forecast 2022-2028

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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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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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