What is the global market size of Europe EV Battery Market?

Europe EV Battery Market size was valued at USD 50.12 billion in 2021 and is poised to grow from USD 59.6 billion in 2022 to USD 225.55 billion by 2030, growing at a CAGR of 18.9% in the forecast period (2023-2030).

Top Europe EV Battery Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Europe EV Battery Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Europe EV Battery industry players.

Europe EV Battery Market Competitive Landscape

Top Players in Europe EV Battery Market

Samsung SDI (South Korea)
SK Innovation (South Korea)
LG Chem (South Korea)
Envision AESC (China)
ProLogium (Taiwan)
Verkor (France)
Basquevolt (Spain)
FREYR (Norway)
Morrow Batteries (Norway)
Beyonder (Norway)
Elinor Batteries (Sweden)
CALB (China)
ElevenEs (Serbia)
InoBat (Slovakia)
Gotion High-Tech (China)
ACC (Automotive Cells Company) (France)
Northvolt (Sweden)

Europe EV Battery Market

Europe EV Battery Market Report Snapshots

REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report?

REQUEST FREE CUSTOMIZATION

FAQs

Europe EV Battery Market size was valued at USD 59.6 billion in 2023 and is poised to grow from USD 70.86 billion in 2024 to USD 283.06 billion by 2032, growing at a CAGR of 18.9% during the forecast period (2025-2032).

The Europe EV battery market is moderately concentrated with the presence of large pool players operating in the region. Major players of the market are focusing on the implementation on various business developing strategies including new technology developments, innovations, collaborations, and partnerships for the expansion of their market reach and strengthen their market position ahead of its competitors. 'Samsung SDI (South Korea) ', 'SK Innovation (South Korea) ', 'LG Chem (South Korea) ', 'Envision AESC (China) ', 'ProLogium (Taiwan) ', 'Verkor (France) ', 'Basquevolt (Spain) ', 'FREYR (Norway) ', 'Morrow Batteries (Norway) ', 'Beyonder (Norway) ', 'Elinor Batteries (Sweden) ', 'CALB (China) ', 'ElevenEs (Serbia) ', 'InoBat (Slovakia) ', 'Gotion High-Tech (China) ', 'ACC (Automotive Cells Company) (France) ', 'Northvolt (Sweden) '

Growing Technological Advancements in Europe to Fuel Market Growth

Growing advancement of battery chemistry for the improvement of EV performance coupled with the rising adoption of new batteries chemistries for electric vehicles are major factors propelling the growth and demand for the market. In addition, rising popularity of lithium-nickel-manganese-cobalt-aluminum oxide composition is expected to start over in the next three years. Due to various benefits including higher density and longer life cycle as compared to other materials. Therefore, the development of advanced and innovated battery chemistry is a major trend influencing the market growth.

Germany accounted for the largest market revenue share in Europe EV batteries market in 2021 and is projected to continue its dominance throughout the forecast period. This is simply attributed to the numerous gigafactories, which are planned to be installed during the forecast period. In addition, high adoption of e-mobility in the country coupled with the growing internet users are also propelling the market growth significantly.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Top Europe EV Battery Companies

Europe EV Battery Market Competitive Landscape

Top Players in Europe EV Battery Market

Europe EV Battery Market

Europe EV Battery Market Report Snapshots

FAQs

What is the global market size of Europe EV Battery Market?

Who are the key vendors in the Europe EV Battery Market?

What is the key driver of Europe EV Battery Market?

What is the key market trend for Europe EV Battery Market?

Which region accounted for the largest share in Europe EV Battery Market?

Request Free Customization