EUROPE ELECTRIC VEHICLE BATTERY MARKET 2021-2028

Automotive & Transportation | Electronics & Electric system

EUROPE ELECTRIC VEHICLE BATTERY MARKET 2021-2028

Market by Vehicle Type, Battery Type, End-user, and Country | Forecast 2021-2028

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As per Triton’s report, the electric vehicle battery market in Europe is estimated to progress at a compound annual growth rate of 19.09% during the estimated years of 2021-2028.


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The countries studied in this market comprise:

•        The United Kingdom

•        Spain

•        Germany

•        Norway

•        Netherlands

•        Sweden

•        Austria

•        Rest of Europe

The studied market’s growth in Europe is driven mainly by multiple initiatives. For instance, the European Battery Alliance endorses battery manufacturing. Further, several companies are commencing battery manufacturing operations across significant countries due to the booming electric vehicle sector. This rise in electric vehicle battery manufacturing in the region is to reduce dependency on Asia and streamline the supply chain process. Therefore, these developments are propelling the electric vehicle battery market on a progressive path.

In the United Kingdom, the electric vehicle adoption rate has increased over the years, which creates a lucrative market for EV batteries. Additionally, the well-developed chemical industry holds the potential to supply resources to the battery manufacturing industry. Further, recently, Britishvolt selected Blyth to set up its first battery gigafactory. Additionally, the Coventry City Council and Airport are anticipated to develop proposals outlining applications for battery gigafactory. Thus, such developments in battery manufacturing will drive the electric vehicle battery market’s growth in the next few years.

Northvolt AB is a battery developer specializing in lithium-ion technology for electric vehicles. It develops sustainable lithium-ion batteries in combination with R&D, industrialization, and recycling. The company’s high-performance lithium-ion cells are available in cylindrical and prismatic formats. Northvolt has operations across various countries, with headquarters located in Sweden. 

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Table of Content

1. EUROPE ELECTRIC VEHICLE BATTERY MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. KEY INSIGHTS

2.1.1. INCREASED INVESTMENTS IN THE ELECTRIC VEHICLE MARKET

2.1.2. NEED FOR SUBSIDIES IN BATTERY RECYCLING

2.2. IMPACT OF COVID-19 ON ELECTRIC VEHICLE BATTERY MARKET

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 SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS MATRIX

2.5. INDUSTRY COMPONENTS

2.5.1. RAW MATERIAL MINING

2.5.2. BATTERY CELL

2.5.3. BATTERY MODULE

2.5.4. BATTERY PACK

2.5.5. END-USER

2.5.6. END OF LIFE PROCESSES

2.6. VENDOR SCORECARD

2.7. TECHNOLOGY ANALYSIS

2.7.1. LI-ION BATTERY BASED ON VARIATION IN CATHODE MATERIAL

2.7.1.1. NCM (LITHIUM-COBALT-MANGANESE-OXIDE)

2.7.1.2. NCA (LITHIUM NICKEL COBALT ALUMINUM OXIDE)

2.7.1.3. LFP (LITHIUM IRON PHOSPHATE)

2.7.2. SOLID STATE BATTERIES

2.8. RAW MATERIAL ANALYSIS

2.8.1. KEY RAW MATERIALS

2.8.2. COUNTRIES HAVING HIGH DEPOSITS OF KEY RAW MATERIALS

2.8.2.1. LITHIUM

2.8.2.2. MANGANESE

2.8.2.3. NICKEL

2.8.2.4. COBALT

2.8.2.5. GRAPHITE

2.9. KEY MARKET STRATEGIES

2.9.1. CONTRACTS & PARTNERSHIPS

2.9.2. BUSINESS EXPANSIONS & DIVESTITURES

2.9.3. ACQUISITIONS & MERGERS

2.9.4. NEW PRODUCT LAUNCHES

2.10. INDUSTRY PLAYER POSITIONING

2.11. MARKET DRIVERS

2.11.1. GROWING ELECTRIC VEHICLES MARKET

2.11.2. GOVERNMENTAL INCENTIVES AND PROMOTION

2.11.3. DEVELOPMENTS IN BATTERY TECHNOLOGY

2.11.4. GROWTH IN PUBLIC CHARGING INFRASTRUCTURE

2.12. MARKET CHALLENGES

2.12.1. ISSUES IN RAW MATERIAL PROCUREMENT

2.12.2. HIGH CHARGING TIME FOR BATTERIES

2.12.3. SAFETY CONCERNS

2.13. MARKET OPPORTUNITIES

2.13.1. EMERGENCE OF SHARED E-MOBILITY HELPING BATTERY SWAPPING SEGMENT

2.13.2. IMPROVEMENTS IN VEHICLE-TO-GRID (V2G) TECHNOLOGIES

3. EUROPE ELECTRIC VEHICLE BATTERY MARKET – BY VEHICLE TYPE

3.1. BATTERY ELECTRIC VEHICLE

3.2. HYBRID ELECTRIC VEHICLE

3.3. PLUG-IN HYBRID ELECTRIC VEHICLE

4. EUROPE ELECTRIC VEHICLE BATTERY MARKET - BY BATTERY TYPE

4.1. LEAD ACID

4.2. NICKEL-METAL HYDRIDE

4.3. LITHIUM-ION

5. EUROPE ELECTRIC VEHICLE BATTERY MARKET - BY END-USER

5.1. COMMERCIAL VEHICLE

5.2. PASSENGER CAR

5.3. OTHER END USERS

6. EUROPE ELECTRIC VEHICLE BATTERY MARKET – REGIONAL OUTLOOK

6.1. UNITED KINGDOM

6.2. GERMANY

6.3. FRANCE

6.4. NORWAY

6.5. NETHERLANDS

6.6. SWEDEN

6.7. AUSTRIA

6.8. REST OF EUROPE

7. COMPETITIVE LANDSCAPE

7.1. MARKET SHARE ANALYSIS

7.2. COMPANY PROFILES

7.2.1. CATL

7.2.2. LG ENSOL

7.2.3. PANASONIC

7.2.4. SAMSUNG SDI

7.2.5. SK INNOVATION

7.2.6. BYD

7.2.7. CALB

7.2.8. VEHICLE ENERGY JAPAN CO LTD

7.2.9. TOSHIBA CORPORATION

7.2.10. LITHIUM ENERGY JAPAN

7.2.11. ENVISION AESC

7.2.12. A123 SYSTEMS

7.2.13. GS YUASA

7.2.14. NORTHVOLT AB

7.2.15. PRIME PLANET ENERGY SOLUTIONS

8. METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: EUROPE ELECTRIC VEHICLE BATTERY MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS MATRIX

TABLE 3: VENDOR SCORECARD

TABLE 4: MAJOR ELECTRIC VEHICLE KEY RAW MATERIALS PRODUCERS

TABLE 5: LIST OF CONTRACTS & PARTNERSHIPS

TABLE 6: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 7: LIST OF ACQUISITIONS & MERGERS

TABLE 8: LIST OF NEW PRODUCT LAUNCHES

TABLE 9: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY VEHICLE TYPE, 2021-2028 (IN $ MILLION)

TABLE 10: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, 2021-2028 (IN $ MILLION)

TABLE 11: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 12: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: INDUSTRY COMPONENTS

FIGURE 3: SNAPSHOT OF A TYPICAL NCM BATTERY

FIGURE 4: SNAPSHOT OF A TYPICAL NCA BATTERY

FIGURE 5: SNAPSHOT OF A TYPICAL LFP BATTERY

FIGURE 6: INDUSTRY PLAYER POSITIONING IN 2020 (IN %)

FIGURE 7: ELECTRIC VEHICLE SALES, IN UNITS, 2010-2020

FIGURE 8: LITHIUM-ION BATTERY PRICE PER KWH (2010-2020)

FIGURE 9: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY VEHICLE TYPE, 2020 & 2028 (IN %)

FIGURE 10: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)

FIGURE 11: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY HYBRID ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)

FIGURE 12: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY PLUG-IN HYBRID ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)

FIGURE 13: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, 2020 & 2028 (IN %)

FIGURE 14: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY LEAD ACID, 2021-2028 (IN $ MILLION)

FIGURE 15: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY NICKEL-METAL HYDRIDE, 2021-2028 (IN $ MILLION)

FIGURE 16: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY LITHIUM-ION, 2021-2028 (IN $ MILLION)

FIGURE 17: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY END USER, 2020 & 2028 (IN %)

FIGURE 18: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY COMMERCIAL VEHICLE, 2021-2028 (IN $ MILLION)

FIGURE 19: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY PASSENGER CAR, 2021-2028 (IN $ MILLION)

FIGURE 20: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY OTHER END USERS, 2021-2028 (IN $ MILLION)

FIGURE 21: EUROPE ELECTRIC VEHICLE BATTERY MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

FIGURE 22: UNITED KINGDOM ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)

FIGURE 23: GERMANY ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)

FIGURE 24: FRANCE ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)

FIGURE 25: NORWAY ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)

FIGURE 26: NETHERLANDS ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)

FIGURE 27: SWEDEN ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)

FIGURE 28: AUSTRIA ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)

FIGURE 29: REST OF EUROPE ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)

FIGURE 30: MARKET SHARE ANALYSIS, 2020, (IN %)

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