Europe Lithium Ion (Li-Ion) Battery Market - Forecasts from 2025 to 2030

The Europe Li-Ion battery market is estimated is poised to grow from US$21.445 billion in 2025 to US$34.948 billion in 2030 at a CAGR of 10.26%.

Lithium-Ion batteries are based rechargeable battery chemistry and offer high energy density, temperature tolerance, and longer performance life owing to which they find applicability in charging automotive batteries, consumer electronics and energy storage system such as solar rooftops. Europe is one of the integral regions where Lithium-ion demand is gaining traction which is majorly due to booming EV adoption and investment in renewable energy storage systems.

To optimize the growing demand, various companies are investing in Europe, for instance, in July 2024. TaiSan, the UK company manufacturing sodium batteries for the automotive industry, announced a raise of £1.3 million, an investment to accelerate the development of its battery electric vehicle (BEV) technology. TaiSan is targeting a 20 percent cost saving at GWh-level, available as a drop-in solution at existing lithium-ion production facilities. Further, in May 2023, BMZ Group, a lithium-ion batteries company in Germany, announced that its Mainhausen-based subsidiary VISATRONIC GmbH, acquired in March 2023, is looking forward to a major expansion of production capacity.

Europe Li-Ion Battery Market Drivers

• Booming electric vehicle adoption is stimulating the market expansion.

The growing pollution and carbon emission has become a major concern in Europe owing to emphasis towards sustainable fuel is showing significant growth. The electric vehicles has provided future oriented approach for tackling carbon footprint owing to which demand for EV batteries is experiencing positive traction.

For instance, according to the IEA (International Energy Agency), the electric vehicle battery demand has significantly grown over the years, with an increase of 38.71% in 2022 from the previous year and 43.41% in 2023. The demand has witnessed a growth from 93 GWh/year in 2021 to 129 GWh/year in 2022 and 185 GWh/year in 2023.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Europe Li-Ion Battery Market is analyzed into following segments follows:

By Shape

• Cylindrical-Type Lithium Ion Battery
• Prismatic-Type Lithium-Ion Battery
• Pin-Type Lithium-Ion Battery

By Industry

• Automotive
• Consumer Electronics
• Energy Storage System
• Aerospace & Defence

By Geography

• Germany
• France
• United Kingdom
• Spain
• Italy
• Other