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Europe EV Battery Market by Type (Li-ion, Ni-MH, SLA, Ultracapacitors, Solid-state Batteries), Capacity (<50 kWh, 51-100 kWh, 101-300 kWh, >300 kWh), Bonding Type (Wire, Laser), Form, Application, End User, and Country - Forecast to 2029

Report ID: MRAUTO - 201009 Pages: 148 Date: Sep-2023
Formats*: PDF Delivery: 2 to 4 Hours
Category: Automotive and Transportation

Table of contents

  • Description

      The Europe EV Battery Market is expected to reach a value of $94.41 billion by 2029, at a CAGR of 45.8% during the forecast period 2022–2029. The rising adoption of EVs, decreasing battery prices, and increasing investment by leading automotive OEMs to secure battery supply chains for their future electric vehicles are some of the major factors driving the growth of this market. The growing deployment of battery-as-a-service provides significant growth opportunities for players operating in this market.

      Several major battery plants—known as gigafactories—are planned for Europe in the next few years to meet an anticipated surge in demand for electric vehicles in the region. Most are being built by Tesla and Asian firms. However, the European Commission and European countries are also attempting to establish a homegrown battery industry to ensure that thousands of R&D jobs stay in Europe along with the related manufacturing supply chains and profits.

      Additionally, the European Union supports its battery sector, establishing a European Battery Alliance in 2017 for manufacturing, charging infrastructure, and electric-car uptake. In January 2021, European Commission announced to spend $3.5 billion to subsidize Tesla, BMW, and other companies to produce more batteries in Europe.

      The Impact of COVID-19 on the Europe EV Battery Market

      The pandemic severely impacted several sectors, including the automotive sector, with major manufacturers temporarily shutting down their operations or operating with limited capacities in accordance with the directives issued by their respective governments. The energy materials and renewable generation & conversion industry, including battery-powered electric vehicles, grid storage, and personal electronic devices, were no exception to the negative impacts of the COVID-19 outbreak. These factors caused a severe decline in electric vehicle sales, which directly affected the sales of batteries, especially in the electric vehicles segment.

      In Europe, during the lockdowns, manufacturing facilities, supply chains, and consumer demands were paralyzed in the first half of 2020. The EV batteries market in Europe was severely affected as production facilities temporarily shut down and the demand for EV batteries decreased. In order to overcome this, various companies started initiatives to boost the sales of the electric vehicles market. For instance, BMW invested $340 million in a Leipzig EV plant and $225 million in a Munich battery plant. Total Energies, a French multinational integrated oil & gas company, announced its plans to develop EV battery manufacturing activities in Europe. These initiatives are attributed to the growth of the electric vehicle batteries market in Europe.

  • Table Of Content

      1.    Introduction    
             1.1.    Market Definition
             1.2.    Market Ecosystem
             1.3.    Currency and Limitations
                      1.3.1.    Key Stakeholders

      2.    Research Methodology
             2.1.    Research Process    
             2.2.    Data Collection & Validation
                       2.2.1.    Secondary Research
                       2.2.2.    Primary Research    
                       2.2.3.    Market Size Estimation

      3.    Executive Summary

      4.    COVID-19 Impact Assessment
             4.1.    Scenario A: Severe Impact    
             4.2.    Scenario B: Moderate Recovery    
             4.3.    Scenario C: Fast Recovery    

      5.    Market Insights    
             5.1.    Introduction    
             5.2.    Market Dynamics    
                       5.2.1.    Drivers    
                                    5.2.1.1.    Increasing Adoption of EVs in Europe
                                    5.2.1.2.    Decreasing Battery Prices    
                                    5.2.1.3.    Increasing Localization of Battery Manufacturing Capacities    
                       5.2.2.    Restraints
                                    5.2.2.1.    Potential Shortfall in Lithium Supply    
                       5.2.3.    Opportunities    
                                    5.2.3.1.    Growing Deployment of Battery-as-a-Service    
                       5.2.4.    Challenges    
                                    5.2.4.1.    Potential Safety Issues in Batteries    
             5.3.    Value Chain Analysis    
             5.4.    Technology Analysis    
                       5.4.1.    Improvement in Battery Composition    
                       5.4.2.    Improvement in Battery Charging Rate    
                       5.4.3.    Improvement in Battery Optimization    
                       5.4.4.    Battery Design and Location in EV    
             5.5.    Patent Analysis    
             5.6.    Raw Material Analysis

      6.    European Electric Vehicle Batteries Market, by Type    
             6.1.    Introduction    
             6.2.    Lithium-Ion Battery    
             6.3.    Sealed Lead Acid Battery    
             6.4.    Nickel-Metal Hydride Battery    
             6.5.    Ultracapacitors    
             6.6.    Solid-State Battery    
             6.7.    Other Batteries    

      7.    European Electric Vehicle Batteries Market, by Capacity
             7.1.    Introduction    
             7.2.    51kWh to 100kWh    
             7.3.    Less than 50kWh    
             7.4.    101kWh to 300kWh    
             7.5.    More than 300kWh  
       
      8.    European Electric Vehicle Batteries Market, by Bonding Type    
             8.1.    Introduction    
             8.2.    Wire Bonding    
             8.3.    Laser Bonding    

      9.    European Electric Vehicle Batteries Market, by Form    
             9.1.    Introduction    
             9.2.    Prismatic    
             9.3.    Pouch    
             9.4.    Cylindrical    

      10.    European Electric Vehicle Batteries Market, by Application    
               10.1.    Introduction    
               10.2.    Electric Cars    
                          10.2.1.    Battery Electric Vehicles
                          10.2.2.    Plug-in Hybrid Electric Vehicles
                          10.2.3.    Pure Hybrid Electric Vehicles
               10.3.    Light Commercial Vehicles    
               10.4.    Heavy Commercial Vehicles
               10.5.    E-Scooters & Motorcycles
               10.6.    E-Bikes

      11.    European Electric Vehicle Batteries Market, by End User
               11.1.    Introduction
               11.2.    Electric Vehicle OEMs
               11.3.    Battery Swapping Stations

      12.    Europe EV Battery Market, by Country
               12.1.    Introduction
                           12.1.1.    Germany    
                           12.1.2.    France
                           12.1.3.    U.K.
                           12.1.4.    Norway
                           12.1.5.    Sweden
                           12.1.6.    Italy
                           12.1.7.    Belgium
                           12.1.8.    Spain
                           12.1.9.    Austria
                           12.1.10.    Portugal
                           12.1.11.    Finland
                           12.1.12.    Poland
                           12.1.13.    Hungary
                           12.1.14.    Ireland
                           12.1.15.    Romania
                           12.1.16.    Greece
                           12.1.17.    Slovakia
                           12.1.18.    Croatia
                           12.1.19.    Rest of Europe

      13.    Competitive Landscape
               13.1.    Introduction
               13.2.    Key Growth Strategies
               13.3.    Market Share Analysis (2021)
                          13.3.1.    Ilika PLC
                          13.3.2.    Johnson Matthey PLC
                          13.3.3.    BMZ Holding GmbH

      14.    Company Profiles    (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
               14.1.    Northvolt AB
               14.2.    Lithium Werks B.V.
               14.3.    Faradion Limited
               14.4.    BMZ Holding GmbH
               14.5.    DRÄXLMAIER Group    
               14.6.    E4V
               14.7.    Britishvolt Limited    
               14.8.    Ilika PLC
               14.9.    Johnson Matthey PLC
               14.10.  Leclanché SA

      15.    Appendix
               15.1.    Questionnaire
               15.2.    Available Customization
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Key questions answered in the report:

In 2023, the sweet modulators segment is expected to account for the largest share of the taste modulators market.
In 2023, the sweet modulators segment is expected to account for the largest share of the taste modulators market.
Related Tag: Europe EV Battery Market by Type (Li-ion Ni-MH SLA Ultracapacitors Solid-state Batteries) Capacity (300 kWh) Bonding Type (Wire Laser) Form Application End User and Country - Forecast to 2029
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   Published Date: Sep-2023