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).

Europe EV Battery Market Size, Share, Growth Analysis, By Battery Type (Lithium-Ion, Lead-Acid), By Propulsion (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle), By Method (Wire Bonding, Laser Bonding), By Capacity (<50kWh, 50-110kWh), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Material Type (Lithium, Cobalt), By Battery Form (Prismatic, Cylindrical), By Sales Channel (OEMs, Aftermarket) - Industry Forecast 2025-2032

Q: Who are the key vendors in the Global Europe EV Battery Market?

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. 'Tesla', 'LG Chem', 'Samsung SDI', 'CATL', 'Northvolt', 'Varta', 'BYD Company', 'Automotive Energy Supply Corporation (AESC)', 'SK Innovation', 'GS Yuasa', 'Leclanché SA', 'SAFT Groupe SA', 'EnerSys', 'BMZ GmbH', 'Sonnen GmbH', 'Narada Power Source Co., Ltd.', 'Farasis Energy', 'Microvast Inc.', 'Skeleton Technologies', 'Hydrogenious Technologies GmbH'

Q: What is the key driver of Global Europe EV Battery Market?

Growing Technological Advancements in Europe to Fuel Market Growth

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

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.

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

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.

Report ID: SQMIR25A2286 | Region: Regional | Published Date: December, 2024
Pages: 231 | Tables: 226 | Figures: 81

Europe EV Battery Market Competitive Landscape

Europe EV Battery Market Top Player’s Company Profiles

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

Europe EV Battery Companies

Europe EV Battery Market Size

Europe EV Battery Market Analysis

Europe EV Battery Geographic Analysis

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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.

Europe EV Battery Market Competitive Landscape

Europe EV Battery Market Report Snapshots

Want to customize this report?

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?

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