Europe Lithium Ion Battery Market – Industry Trends and Forecast to 2030

 Europe Lithium Ion Battery Market Analysis and Size

Lithium ion battery is an evolving technology of interest. Small lithium ion battery is extensively used in portable electronic devices, and some lithium ion battery has been manufactured to power EVs. Lithium ion battery is a popular choice of rechargeable battery for use in several applications such as automobiles and stationary applications for offering uninterruptable power supply. State of Health (SoH) and State of Charge (SoC) are significant metrics of a lithium ion battery that can help in both battery diagnostics and prognostics for ensuring prolonged lifetime and high reliability.

Data Bridge Market Research analyses that the lithium ion battery market was valued at USD 5,504.76 million in 2022 and is expected to reach the value of USD 17,139.84 million by 2030, at a CAGR of 15.30% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Lithium Ion Battery Market Scope and Segmentation

Market Definition

A lithium ion battery is an advanced technology that uses lithium ions as a major component of its electrochemistry. In the discharge cycle, lithium atoms are ionized and then separated from their electrons. The lithium ions move from the anode electrode and pass through the electrolyte until they reach the cathode electrode, where they recombine with their electrons and neutralize the solution. The lithium ions are sufficient to move through a micro-permeable separator between the cathode and anode. These batteries are rechargeable and generally used in automobiles and consumer electronics.

Europe Lithium Ion Battery Market Dynamics

Drivers

• Increasing demand of lithium nickel cobalt aluminum oxide (NCA)

Growing demand for lithium nickel cobalt aluminum oxide (NCA) due to its high specific power, specific energy and long lifespan is anticipated to increase the growth of the market during forecast period. Lithium nickel cobalt aluminum oxide (NCA) finds use in medical devices, EV vehicles and industrial applications. The increasing demand of lithium nickel cobalt aluminum oxide (NCA) in several purposes is expected to drive the growth rate of the market.

• Increasing usage of batteries in energy storage and power grid systems

Imposing stringent government rules to monitor increasing pollution phases force industries to use lithium ion batteries. The power industry is endeavoring to manufacture renewable energy and stock for upcoming purposes. Besides, low-self discharge rate, low cost, and negligible installation space are some major factor that will drive the implementation of lithium ion batteries in energy storage and smart grid systems.

Opportunities

• Increasing demand for consumer electronics

The increase in demand for consumer electronics in Europe is one of the major factors that is expected to generate lucrative opportunities for growth in the lithium ion battery market. Lithium ion batteries are extensively used in consumer electronics because of their rechargeable quality. The penetration of portable variants, such as smartphones, torches, laptops, gaming consoles and digital cameras, along with high-speed internet connectivity, has a progressive impact on the growth of the market.

• Rise in demand of lithium ion batteries in electric vehicles

The demand for lithium-ion batteries is anticipated to create several opportunities for market growth during the forecast period owing to the rise in demand for electric vehicles. As the electric vehicles market grows globally, lithium-ion batteries are observing growing demand owing to their high energy density per unit mass in comparison to other electrical energy storage technologies. Moreover, they have a great energy economy, excellent high-temperature performance, a high power to weight ratio, and minimal self-discharge.

Restraints

• Issue associated with lithium ion battery

Safety issues related to the transportation and storage of batteries and high prices associated with battery-operated industrial vehicles are anticipated to hinder the growth of the market. Moreover, issues with overheating of lithium-ion batteries and aging of lithium-ion batteries are estimated to challenge the growth of the lithium ion battery market during the forecast period of 2023-2030.

This lithium ion battery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the lithium ion battery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Lithium Ion Battery Market

The outbreak of COVID-19 has been a major restraint to the growth of the market due to numerous factors such as decreasing operational costs by end-users, coupled with disruption in the availability of spare parts. Lithium ion battery providers have taken consequent steps to confirm their services to end-users who have contracted long-term agreements with them. Retailers are choosing digital tools and following suggested preventative measures such as social distancing rules and the usage of protective kits in case of repair services and on-site inspection required by end-users on a case-to-case basis.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In August 2020, Contemporary Amperex Technology Co., Limited declared the growth of a new battery that comprises no cobalt or nickel. This new battery is being developed for electric vehicles. It will have no expensive metals such as cobalt or nickel, which makes it different from existing NCM, NCA, and LFP batteries. This new product development will provide technological development in the company.

 Europe Industrial Lithium Ion Battery Market Scope

The lithium ion battery market is segmented on the basis of type, product type, component, power capacity, product, voltage and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Lithium Cobalt Oxide (LCO)
• Lithium Manganese Oxide (LMO)
• Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
• Lithium Iron Phosphate (LFP)
• Lithium Nickel Cobalt Aluminum Oxide (NCA)
• Lithium Titanate Oxide (LTO)

Product Type

• Component of Lithium Battery
• Cells
• Battery Packs
• Portability
• Stationary
• Portable

Component

• Anode
• Natural Graphite
• Artificial Graphite
• Another Anode Material
• Cathode
• Separator
• Electrolytic
• Separator
• Current Collector
• Other Material

Power Capacity

• Below 3000 mAh
• 3000 mAh to 10000 mAh
• 10000 mAh to 60000 mAh
• Above 60000 mAh

Voltage

• Low (Below 12V)
• Medium (12V-36V)
• High (Above 36V)

Vertical

• Automotive
• Plug-in Hybrid Vehicles
• Consumer Electronics
• Smartphones
• UPS
• Laptops
• Others
• Aerospace and Defense
• Commercial Aircraft
• Industrial
• Mining Equipment
• Construction Equipment
• Automated Guided Vehicles and Automated Mobile Robots
• Construction
• Power
• Telecom
• Marine
• Commercial
• Tourism
• Others

 Lithium Ion Battery Market Regional Analysis/Insights

The lithium ion battery market is analyzed and market size insights and trends are provided by country,  type, product type, component, power capacity, product, voltage and vertical as referenced above.

The countries covered in the lithium ion battery market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.

Germany is anticipated to dominate the Europe lithium ion battery market due to the presence of large number of electric vehicles in this region. Moreover, growing usage of lithium-ion batteries in electric vehicles, energy storage systems and consumer electronics will likely to increase the growth rate of the market in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Lithium Ion Battery Market Share Analysis

The lithium ion battery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to lithium ion battery market.

Some of the major players operating in the lithium ion battery market are:

• Saft (France)
• Lithium Energy Japan (Japan)
• Tianjin Lishen Battery Co., Ltd. (China)
• Shenzhen A&S Power Technology Co., Ltd. (China)
• LITHIUMWERKS (Europe)
• GlobTek, Inc. (U.S.)
• BYD Company Ltd (China)
• Panasonic Corporation (Japan)
• LG Chem (South Korea)
• VARTA Microbattery GmbH (Germany)
• Dalian CBAK Power Battery Co., Ltd (China)
• TOSHIBA CORPORATION (Japan)
• CALB USA Inc. (U.S.)
• Shenzhen BAK Technology Co., Ltd. (China)
• Contemporary Amperex Technology Co., Limited (China)
• A123 Systems LLC (U.S.)
• Amperex Technology Limited (China)
• XALT Energy (Switzerland)
• Leclanche (Switzerland)

 Research Methodology: Europe Lithium Ion Battery Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

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