The European battery market is estimated to grow at a significant CAGR during the forecast period. The market growth is attributed to the presence of a well-established automotive industry in the region. The European automotive industry has experienced moderate growth in the historic period; however, a significant decline is expected owing to the ongoing COVID-19 outbreak. The region has surpassed its peak for the number of new cases of COVID-19 and gradually returning to normalcy. With the presence of a well-established automotive industry, a significant market for the battery is expected in the region.

The European battery market is segmented on the basis of category, type, and application. Based on the category, the market is bifurcated into the primary battery and secondary battery. Based on the type, the market Li-Ion battery, Ni-MH battery, Nickel Cadmium battery, lead-acid battery, and other batteries. Moreover, as per application, the market is segmented into automotive, industrial, consumer electronics, power & energy, and other applications. The emerging focus on new and recycled battery technologies in consumer electrics coupled with the high replacement rate of consumer electronics such as smartphones and power banks are primarily contributing to the market of the consumer electronics segment.

Geographically, the European battery market covers the country-level analysis of UK, Germany, Italy, Spain, France, and the Rest of Europe. Germany is estimated to hold a significant share in the. The growth in the country is attributed to the increasing demand from end-user industries coupled with the presence of major battery manufacturers in the region.

Moreover, the European battery market report covers the analysis of various players operating in the market. Some of the players operating in the market include A123 Systems LLC, AceOn Group, Automotive Energy Supply Corp., Exide Industries Ltd., Saft Group SA, Tesvolt GmbH, and others. Owing to increasing competition in the market, the players in the market adopting various strategies such as mergers and acquisitions and partnership and collaboration that tend to fuel market growth in the near future. For instance, in February 2020, Saft and the PSA Group announced plans for two lithium-ion EV battery cell plants in Europe. 

Research Methodology

The market study of the European battery market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research has been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for battery manufacturers, suppliers, raw material suppliers, traders, third-party distributors, battery recyclers, spent battery traders, automotive companies, government organizations, regulatory authorities, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products & services offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. European Battery Market Research and Analysis by Category
2. European Battery Market Research and Analysis by Type
3. European Battery Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the European Battery Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European Battery Market.
• Insights about market determinants which are stimulating the European Battery Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.