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EUROPE ELECTRIC VEHICLE BATTERY MARKET FORECAST 2021-2028

The Europe electric vehicle battery market is anticipated to register a CAGR of 19.19% during the forecasted period of 2021 to 2028. Factors such as initiatives promoting the production of batteries, the thriving electric vehicle industry, and the presence of numerous battery manufacturing companies are among the key drivers propelling the market growth of the region.

EUROPE ELECTRIC VEHICLE BATTERY MARKET FORECAST 2021-2028

Europe Electric Vehicle Battery Market by Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle) Market by Battery Type (Lead Acid, Nickel Metal Hydride, Lithium-ion) Market by End-user (Commercial Vehicle, Passenger Car, Other) by Geography

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The Europe electric vehicle battery market is anticipated to register a CAGR of 19.19% during the forecasted period of 2021 to 2028. Factors such as initiatives promoting the production of batteries, the thriving electric vehicle industry, and the presence of numerous battery manufacturing companies are among the key drivers propelling the market growth of the region.europe-electric-vehicle-battery-market

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The Europe electric vehicle battery market growth assessment entails the detailed study of Germany, the United Kingdom, the Netherlands, Austria, Norway, France, Sweden, and the rest of Europe. As one of the most extensive markets for electric vehicles, the United Kingdom has a high potential for electric vehicle batteries. Moreover, the construction of battery plants in the country trails Germany, Norway, and Sweden, with more advanced plans to establish a battery-powered sector. Presently, the United Kingdom’s electric vehicle battery manufacturing is led by a factory with an annual capacity of 2GWh alongside Nissan’s car factory in Sunderland

On the other hand, Germany’s government is investing over EUR 1.5 billion in battery cell production and research, beginning with a grant of EUR 300 million to battery manufacturer Varta. The funding is the foremost step under the initiative termed, European Union’s Important Project of Common European Interest (IPCEI). Furthermore, Varta received the funding for developing large-format lithium-ion cells, deemed a project of potentially strategic interest for Europe. As a result, these factors are expected to facilitate the Europe electric vehicle battery market growth over the estimated years.

Northvolt AB, headquartered in Sweden, is a battery manufacturer and developer, specialized in lithium-ion technology for electric vehicles. It designs sustainable lithium-ion batteries in association with industrialization, research and development, and recycling for supporting clean energy. The company was founded with the goal of supplying electric vehicle batteries to the automotive industry.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASED SALES OF ELECTRIC VEHICLES
        • GOVERNMENTAL SUPPORT FOR ELECTRIC VEHICLE INDUSTRY
        • IMPROVEMENT IN BATTERY TECHNOLOGY
        • GROWING NUMBER OF PUBLIC CHARGING INFRASTRUCTURE
      • KEY RESTRAINTS
        • RAW MATERIAL PROCUREMENT PROBLEMS
        • HIGH CHARGING TIME
        • SAFETY CONCERNS ASSOCIATED WITH THE BATTERY
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON ELECTRIC VEHICLE BATTERY MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
        • RAW MATERIAL MINING
        • BATTERY CELL
        • BATTERY MODULE
        • BATTERY PACK
        • END-USER
        • END OF LIFE PROCESSES
      • TECHNOLOGY ANALYSIS
        • LI-ION BATTERY BASED ON VARIATION IN CATHODE MATERIAL
          • NCM (LITHIUM-COBALT-MANGANESE-OXIDE)
          • NCA (LITHIUM NICKEL COBALT ALUMINUM OXIDE)
          • LFP (LITHIUM IRON PHOSPHATE)
        • SOLID STATE BATTERIES
      • RAW MATERIAL ANALYSIS
        • KEY RAW MATERIALS
        • COUNTRIES HAVING HIGH DEPOSITS OF KEY RAW MATERIALS
          • LITHIUM
          • MANGANESE
          • NICKEL
          • COBALT
          • GRAPHITE
    1. MARKET BY VEHICLE TYPE
      • BATTERY ELECTRIC VEHICLE
      • HYBRID ELECTRIC VEHICLE
      • PLUG-IN HYBRID ELECTRIC VEHICLE
    2. MARKET BY BATTERY TYPE
      • LEAD ACID
      • NICKEL METAL HYDRIDE
      • LITHIUM-ION
    3. MARKET BY END-USER
      • COMMERCIAL VEHICLE
      • PASSENGER CAR
      • OTHER
    4. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • NORWAY
          • NETHERLANDS
          • SWEDEN
          • AUSTRIA
          • REST OF EUROPE
    1. COMPETITIVE LANDSCAPE
      • MARKET SHARE ANALYSIS
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • A123 SYSTEMS
        • BYD
        • CALB
        • CATL
        • ENVISION AESC
        • GS YUASA
        • LG ENSOL
        • LITHIUM ENERGY JAPAN
        • NORTHVOLT AB
        • PANASONIC
        • PRIME PLANET ENERGY SOLUTIONS
        • SAMSUNG SDI
        • SK INNOVATION
        • TOSHIBA CORPORATION
        • ULTIUM CELLS LLC
        • VEHICLE ENERGY JAPAN CO LTD

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – ELECTRIC VEHICLE BATTERY

    TABLE 2: MAJOR ELECTRIC VEHICLE KEY RAW MATERIALS PRODUCERS

    TABLE 3: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY ELECTRIC VEHICLE BATTERY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 4: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY ELECTRIC VEHICLE BATTERY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 5: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 6: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 7: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 8: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 9: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

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

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: ELECTRIC VEHICLE SALES, IN UNITS, 2010-2020

    FIGURE 2: LITHIUM-ION BATTERY PRICE PER KWH (2010-2020)

    FIGURE 3: KEY MARKET TRENDS

    FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 5: OPPORTUNITY MATRIX

    FIGURE 6: VENDOR LANDSCAPE

    FIGURE 7: VALUE CHAIN ANALYSIS

    FIGURE 8: SNAPSHOT OF A TYPICAL NCM BATTERY

    FIGURE 9: SNAPSHOT OF A TYPICAL NCA BATTERY

    FIGURE 10: SNAPSHOT OF A TYPICAL LFP BATTERY

    FIGURE 11: EUROPE ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY ELECTRIC VEHICLE BATTERY, IN 2020

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

    FIGURE 13: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY HYBRID ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)

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

    FIGURE 15: EUROPE ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY BATTERY TYPE, IN 2020

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

    FIGURE 17: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY NICKEL METAL HYDRIDE, 2021-2028 (IN $ MILLION)

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

    FIGURE 19: EUROPE ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

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

    FIGURE 21: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY PASSENGER CAR, 2021-2028 (IN $ MILLION)

    FIGURE 22: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY OTHER, 2021-2028 (IN $ MILLION)

    FIGURE 23: EUROPE ELECTRIC VEHICLE BATTERY MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 24: UNITED KINGDOM ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

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

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

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

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

    FIGURE 29: SWEDEN ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 30: AUSTRIA ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 31: REST OF EUROPE ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • NORWAY
          • NETHERLANDS
          • SWEDEN
          • AUSTRIA
          • REST OF EUROPE
    1. MARKET BY VEHICLE TYPE
      • BATTERY ELECTRIC VEHICLE
      • HYBRID ELECTRIC VEHICLE
      • PLUG-IN HYBRID ELECTRIC VEHICLE
    2. MARKET BY BATTERY TYPE
      • LEAD ACID
      • NICKEL METAL HYDRIDE
      • LITHIUM-ION
    3. MARKET BY END-USER
      • COMMERCIAL VEHICLE
      • PASSENGER CAR
      • OTHER

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