European electric vehicle battery market is anticipated to showcase a lucrative CAGR during the forecast period. According to the American Chemical Society, Europe possesses only a 3.0% share of the global lithium-ion battery market in 2019. The rising focus of European players to compete with dominant Asian market players is a key factor driving European Electric vehicle battery market. Due to this, several major battery gigafactories are planned for Europe in the next few years to meet an anticipated surge in demand for electric vehicles in the region. 

The market is segmented on the basis of vehicle type, battery type, and propulsion technology. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheelers. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. Based on the battery type Li-ion batteries market is anticipated to exhibit considerable growth due to its light-weight characteristic. Based on propulsion technology the market is sub-segmented into battery electric vehicles, plug-in hybrid electric vehicles. Based on the propulsion type, battery electric vehicles are anticipated to have considerable market growth during the forecast period. 

Hitachi Ltd., Tesla Inc., NEC Corp., Panasonic Corp., and Sony Corp. among others are the key electric vehicle battery manufacturers operating in the European electric vehicle battery market. These players are actively involved in the expansion of their market share by adopting several growth strategies such as the launch of new battery manufacturing plants or entering into partnerships with the major electric vehicle manufacturer. For instance, in 2019, Contemporary Amperex Technology Ltd. (CATL) committed to building its gigafactory at Erfurter Kreuz by 2022, and VW, Northvolt committed to building its gigafactory at Salzgitter by 2023.

Research Methodology

The market study of the European electric vehicle 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 have 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. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the 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 provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. European Electric Vehicle Battery Market Research And Analysis By Vehicle Type
2. European Electric Vehicle Battery Market Research And Analysis By Battery Type
3. European Electric Vehicle Battery Market Research And Analysis By Propulsion Type 

The Report Covers

• Comprehensive research methodology of the European electric vehicle 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 electric vehicle battery industry.
• Insights about market determinants that are stimulating the European electric vehicle battery market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.