Summary

Fairfield Market Research’s latest report highlights substantial growth in the Europe lithium-ion battery (LIB) market, projected to reach a valuation of USD 21.2 billion by 2031. With a steady growth rate of 7.8% forecasted for the period, this surge is driven by expanding applications across electric vehicles (EVs), energy storage systems, and consumer electronics.

Renowned for their high energy density and lightweight design, lithium-ion batteries are pivotal in EVs, mobile devices, and diverse energy storage solutions. These batteries offer efficient energy storage and extended lifecycles, aligning with Europe’s large-scale adoption of green technologies.

Key Drivers

1.Increased EV Adoption: Europe’s focus on reducing carbon emissions and promoting electric mobility fuels demand for LIBs in the automotive sector. Policies such as REACH and incentives for zero-emission vehicles further catalyze market expansion alongside the rising EV fleet.

2.Rising Demand for Battery-Powered Industrial Equipment: The shift toward electric solutions in off-road vehicles, compact utility units, and industrial forklifts drives LIB demand. The technology’s use in Uninterruptible Power Supplies (UPS) and remote energy storage also supports market growth.

3.LIB Cost Reductions: Backed by the European Commission, efforts to lower production costs through local raw material sourcing and manufacturing innovation make LIBs more affordable for energy storage and transport solutions.

Business Opportunities

Emerging applications, such as battery-powered machinery and remote energy storage, unlock new opportunities within the LIB market. Advances in technology enable LIBs to serve broader uses, ranging from consumer electronics to large-scale renewable energy storage systems.

Regional Analysis

1.Germany: With nearly 17% of the market share, Germany remains at the forefront of the European LIB market. The government’s strong environmental policies and subsidies, such as EV purchase incentives up to €9,000, aim to have 7-10 million EVs on German roads by 2031, significantly boosting LIB demand.

2.United Kingdom: With an anticipated growth rate of 8.7%, the UK’s LIB market benefits from public and private investments in infrastructure and transit systems. Applications in transportation, energy storage, and consumer electronics are poised to strengthen demand further.

Competitive Analysis

Top players in the Europe Lithium-ion battery market are scaling production capacities and collaborating with OEMs to deliver tailored solutions. Gigafactories are set to proliferate by 2025, with major players including:

•Panasonic Corporation

•Samsung SDI Co., Ltd.

•LG Chem Ltd

•Enersys Inc.

•Saft Groupe S.A.

•CATL

•Ultralife Corporation

•Leclanché SA

•Energizer Holdings, Inc.

•Northvolt ABB

•Excell Battery Co.

•Triathlon Batteries Solutions, Inc.

•KAYO Battery (Shenzhen) Company Limited

•Lithium Werks B.V.

•Duracell Inc.

•Bestgo Battery Co., Ltd.

•Clayton Power

•Enerdel, Inc.

•Tadiran Batteries

Collaborative developments, mergers, and acquisitions are key trends, enhancing production efficiency and advancing lithium-ion battery technologies.

Europe Lithium-Ion Battery Market Segmentation

The LIB market in Europe is segmented based on cell type, chemistry, voltage, and application, offering customized solutions for varied industrial needs. With the surge in electric bikes, EVs, and consumer electronics, LIB manufacturers are increasingly focusing on advanced chemistry types like Lithium Iron Phosphate and Nickel Manganese Cobalt Oxide, known for their stability and durability.

By Cell Type:

• Cylindrical

• Prismatic

• Pouch

By Chemistry:

• Lithium Cobalt Oxide

• Lithium Manganese Oxide

• Lithium Iron Phosphate

• Lithium Nickel Manganese Cobalt Oxide

• Lithium Nickel Cobalt Aluminium Oxide

• Lithium Titanate

By Voltage:

• Less than 4.5V

• 4.6V to 12V

• 13V to 18V

• 19V to 24V

• 25V to 36V

• 37V to 48V

• Above 48V

By Application:

• Electric Bikes

• Electric Scooters

• Electric Vehicles

o Passenger Cars

o Light Commercial Vehicles

o Heavy Commercial Vehicles

• Energy Storage Systems

• Railway Systems

• Marine Systems

• Military

• Telecommunications

• Industrial Vehicles (klifts, etc.)

• Aerospace & Aviation

• Consumer Electronics

• Others

By Country:

• Germany

• France

• Italy

• Spain

• UK

• BENELUX

• Rest of Europe

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Table of Contents

1. Executive Summary
1.1. Europe Lithium Ion Battery Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Price Analysis, 2018 – 2023
3.1. Europe Average Price Analysis, by Cell Type/ Chemistry, US$ Per Unit, 2018 – 2023
3.2. Prominent Factor Affecting Lithium Ion Battery Prices
3.3. Europe Average Price Analysis, by Region, US$ Per Unit
4. Europe Lithium Ion Battery Market Outlook, 2019-2031
4.1. Europe Lithium Ion Battery Market Outlook, by Cell Type, Value (US$ Bn) and Volume (MWh), 2019-2031
4.1.1. Key Highlights
4.1.1.1. Cylindrical
4.1.1.2. Prismatic
4.1.1.3. Pouch
4.2. Europe Lithium Ion Battery Market Outlook, by Chemistry, Value (US$ Bn) and Volume (MWh), 2019-2031
4.2.1. Key Highlights
4.2.1.1. Lithium Cobalt Oxide
4.2.1.2. Lithium Manganese Oxide
4.2.1.3. Lithium Iron Phosphate
4.2.1.4. Lithium Nickel Manganese Cobalt Oxide
4.2.1.5. Lithium Nickel Cobalt Aluminium Oxide
4.2.1.6. Lithium Titanate
4.3. Europe Lithium Ion Battery Market Outlook, by Voltage, Value (US$ Bn) and Volume (MWh), 2019-2031
4.3.1. Key Highlights
4.3.1.1. Lithium Cobalt Oxide
4.3.1.2. Lithium Manganese Oxide
4.3.1.3. Lithium Iron Phosphate
4.3.1.4. Lithium Nickel Manganese Cobalt Oxide
4.3.1.5. Lithium Nickel Cobalt Aluminium Oxide
4.3.1.6. Lithium Titanate
4.4. Europe Lithium Ion Battery Market Outlook, by Application, Value (US$ Bn) and Volume (MWh), 2019-2031
4.4.1. Key Highlights
4.4.1.1. Electric Bikes
4.4.1.2. Electric Scooters
4.4.1.3. Electric Vehicles
4.4.1.3.1. Passenger Cars
4.4.1.3.2. Light Commercial Vehicles
4.4.1.3.3. Heavy Commercial Vehicles
4.4.1.4. Energy Storage Systems
4.4.1.5. Railway Systems
4.4.1.6. Marine Systems
4.4.1.7. Military
4.4.1.8. Telecommunications
4.4.1.9. Industrial Vehicles (klifts, etc.)
4.4.1.10. Aerospace & Aviation
4.4.1.11. Consumer Electronics
4.4.1.12. Others
4.5. Europe Lithium Ion Battery Market Outlook, by Country, Value (US$ Bn) and Volume (MWh), 2019-2031
4.5.1. Key Highlights
4.5.1.1. Germany
4.5.1.2. U.K.
4.5.1.3. France
4.5.1.4. Italy
4.5.1.5. Turkiye
4.5.1.6. Russia
4.5.1.7. Rest of Europe
5. Competitive Landscape
5.1. Cell Type vs Chemistry Heatmap
5.2. Competitive Dashboard
5.3. Company Profiles
5.3.1. Electric Bikes
5.3.1.1. Company Overview
5.3.1.2. Product Portfolio
5.3.1.3. Financial Overview
5.3.1.4. Business Strategies and Development
5.3.2. Electric Scooters
5.3.2.1. Company Overview
5.3.2.2. Product Portfolio
5.3.2.3. Financial Overview
5.3.2.4. Business Strategies and Development
5.3.3. Electric Vehicles
5.3.3.1. Company Overview
5.3.3.2. Product Portfolio
5.3.3.3. Financial Overview
5.3.3.4. Business Strategies and Development
5.3.4. Passenger Cars
5.3.4.1. Company Overview
5.3.4.2. Product Portfolio
5.3.4.3. Financial Overview
5.3.4.4. Business Strategies and Development
5.3.5. Light Commercial Vehicles
5.3.5.1. Company Overview
5.3.5.2. Product Portfolio
5.3.5.3. Financial Overview
5.3.5.4. Business Strategies and Development
5.3.6. Heavy Commercial Vehicles
5.3.6.1. Company Overview
5.3.6.2. Product Portfolio
5.3.6.3. Financial Overview
5.3.6.4. Business Strategies and Development
5.3.7. Energy Storage Systems
5.3.7.1. Company Overview
5.3.7.2. Product Portfolio
5.3.7.3. Financial Overview
5.3.7.4. Business Strategies and Development
5.3.8. Railway Systems
5.3.8.1. Company Overview
5.3.8.2. Product Portfolio
5.3.8.3. Financial Overview
5.3.8.4. Business Strategies and Development
5.3.9. Marine Systems
5.3.9.1. Company Overview
5.3.9.2. Product Portfolio
5.3.9.3. Financial Overview
5.3.9.4. Business Strategies and Development
5.3.10. Military
5.3.10.1. Company Overview
5.3.10.2. Product Portfolio
5.3.10.3. Financial Overview
5.3.10.4. Business Strategies and Development
5.3.11. Telecommunications
5.3.11.1. Company Overview
5.3.11.2. Product Portfolio
5.3.11.3. Financial Overview
5.3.11.4. Business Strategies and Development
5.3.12. Industrial Vehicles (klifts, etc.)
5.3.12.1. Company Overview
5.3.12.2. Product Portfolio
5.3.12.3. Financial Overview
5.3.12.4. Business Strategies and Development
5.3.13. Aerospace & Aviation
5.3.13.1. Company Overview
5.3.13.2. Product Portfolio
5.3.13.3. Financial Overview
5.3.13.4. Business Strategies and Development
5.3.14. Consumer Electronics
5.3.14.1. Company Overview
5.3.14.2. Product Portfolio
5.3.14.3. Financial Overview
5.3.14.4. Business Strategies and Development
6. Appendix
6.1. Research Methodology
6.2. Report Assumptions
6.3. Acronyms and Abbreviations