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Market Research Report
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1024388

Europe Electric Vehicle Battery Market Forecast 2021-2028

Published: | Inkwood Research | 125 Pages | Delivery time: 2-3 business days

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Europe Electric Vehicle Battery Market Forecast 2021-2028
Published: August 23, 2021
Inkwood Research
Content info: 125 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The Europe electric vehicle battery market is projected to grow with a CAGR of 19.19% over the estimated years of 2021 to 2028. Some of the key factors associated with the regional market's growth include the presence of several battery manufacturing companies, the augmenting electric vehicle industry, and the initiatives promoting the production of batteries.

MARKET INSIGHTS

The Europe electric vehicle battery market growth evaluation encompasses the analysis of Germany, Austria, Norway, France, the United Kingdom, the Netherlands, Sweden, and the rest of Europe. France's President Emmanuel Macron visited Saft's Nersac plant in January 2020 in order to inaugurate a new €200 million electric vehicle batteries' pilot line. It is the first phase of a strategic joint venture proposed between Groupe PSA/Opel and Total/Saft, to be called Automotive Cell Company. The 24,000 m2 pilot line will begin production in 2021 to qualify, develop, and industrialize novel and innovative technologies for high-performance Li-ion batteries within the French electric vehicle market.

On the other hand, battery cell production is swiftly evolving in Norway. In this regard, Freyr is planning to establish a 32 GWH Li-ion battery cell factory at Mo Industrial Park, with manufacturing expected to begin in 2023. Similarly, Morrow Batteries, backed by Noah and Agder Energi, announced plans to build a giga-cell factory in March 2020. Thus, the aforementioned drivers are anticipated to strengthen the Europe electric vehicle battery market growth in Europe during the forecast period.

COMPETITIVE INSIGHTS

Some of the prominent firms operating in the market are CATL, SK Innovation, Tesla, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 39804

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. KEY DRIVERS
    • 3.1.1. INCREASED SALES OF ELECTRIC VEHICLES
    • 3.1.2. GOVERNMENTAL SUPPORT FOR ELECTRIC VEHICLE INDUSTRY
    • 3.1.3. IMPROVEMENT IN BATTERY TECHNOLOGY
    • 3.1.4. GROWING NUMBER OF PUBLIC CHARGING INFRASTRUCTURE
  • 3.2. KEY RESTRAINTS
    • 3.2.1. RAW MATERIAL PROCUREMENT PROBLEMS
    • 3.2.2. HIGH CHARGING TIME
    • 3.2.3. SAFETY CONCERNS ASSOCIATED WITH THE BATTERY

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON ELECTRIC VEHICLE BATTERY MARKET
  • 4.2. KEY MARKET TRENDS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE
  • 4.6. VALUE CHAIN ANALYSIS
    • 4.6.1. RAW MATERIAL MINING
    • 4.6.2. BATTERY CELL
    • 4.6.3. BATTERY MODULE
    • 4.6.4. BATTERY PACK
    • 4.6.5. END-USER
    • 4.6.6. END OF LIFE PROCESSES
  • 4.7. TECHNOLOGY ANALYSIS
    • 4.7.1. LI-ION BATTERY BASED ON VARIATION IN CATHODE MATERIAL
      • 4.7.1.1. NCM (LITHIUM-COBALT-MANGANESE-OXIDE)
      • 4.7.1.2. NCA (LITHIUM NICKEL COBALT ALUMINUM OXIDE)
      • 4.7.1.3. LFP (LITHIUM IRON PHOSPHATE)
    • 4.7.2. SOLID STATE BATTERIES
  • 4.8. RAW MATERIAL ANALYSIS
    • 4.8.1. KEY RAW MATERIALS
    • 4.8.2. COUNTRIES HAVING HIGH DEPOSITS OF KEY RAW MATERIALS
      • 4.8.2.1. LITHIUM
      • 4.8.2.2. MANGANESE
      • 4.8.2.3. NICKEL
      • 4.8.2.4. COBALT
      • 4.8.2.5. GRAPHITE

5. MARKET BY VEHICLE TYPE

  • 5.1. BATTERY ELECTRIC VEHICLE
  • 5.2. HYBRID ELECTRIC VEHICLE
  • 5.3. PLUG-IN HYBRID ELECTRIC VEHICLE

6. MARKET BY BATTERY TYPE

  • 6.1. LEAD ACID
  • 6.2. NICKEL METAL HYDRIDE
  • 6.3. LITHIUM-ION

7. MARKET BY END-USER

  • 7.1. COMMERCIAL VEHICLE
  • 7.2. PASSENGER CAR
  • 7.3. OTHER

8. GEOGRAPHICAL ANALYSIS

  • 8.1. EUROPE
    • 8.1.1. KEY GROWTH ENABLERS
    • 8.1.2. KEY CHALLENGES
    • 8.1.3. KEY PLAYERS
    • 8.1.4. COUNTRY ANALYSIS
      • 8.1.4.1. UNITED KINGDOM
      • 8.1.4.2. GERMANY
      • 8.1.4.3. FRANCE
      • 8.1.4.4. NORWAY
      • 8.1.4.5. NETHERLANDS
      • 8.1.4.6. SWEDEN
      • 8.1.4.7. AUSTRIA
      • 8.1.4.8. REST OF EUROPE

9. COMPETITIVE LANDSCAPE

  • 9.1. MARKET SHARE ANALYSIS
  • 9.2. KEY STRATEGIC DEVELOPMENTS
    • 9.2.1. MERGERS & ACQUISITIONS
    • 9.2.2. PRODUCT LAUNCHES & DEVELOPMENTS
    • 9.2.3. PARTNERSHIPS & AGREEMENTS
    • 9.2.4. BUSINESS EXPANSIONS & DIVESTITURES
  • 9.3. COMPANY PROFILES
    • 9.3.1. A123 SYSTEMS
    • 9.3.2. BYD
    • 9.3.3. CALB
    • 9.3.4. CATL
    • 9.3.5. ENVISION AESC
    • 9.3.6. GS YUASA
    • 9.3.7. LG ENSOL
    • 9.3.8. LITHIUM ENERGY JAPAN
    • 9.3.9. NORTHVOLT AB
    • 9.3.10. PANASONIC
    • 9.3.11. PRIME PLANET ENERGY SOLUTIONS
    • 9.3.12. SAMSUNG SDI
    • 9.3.13. SK INNOVATION
    • 9.3.14. TOSHIBA CORPORATION
    • 9.3.15. ULTIUM CELLS LLC
    • 9.3.16. VEHICLE ENERGY JAPAN CO LTD

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - ELECTRIC VEHICLE BATTERY
  • TABLE 2: MAJOR ELECTRIC VEHICLE KEY RAW MATERIALS PRODUCERS
  • TABLE 3: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY ELECTRIC VEHICLE BATTERY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 4: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY ELECTRIC VEHICLE BATTERY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 5: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 6: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 7: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 8: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 9: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 10: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 11: LIST OF MERGERS & ACQUISITIONS
  • TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

  • FIGURE 1: ELECTRIC VEHICLE SALES, IN UNITS, 2010-2020
  • FIGURE 2: LITHIUM-ION BATTERY PRICE PER KWH (2010-2020)
  • FIGURE 3: KEY MARKET TRENDS
  • FIGURE 4: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 5: OPPORTUNITY MATRIX
  • FIGURE 6: VENDOR LANDSCAPE
  • FIGURE 7: VALUE CHAIN ANALYSIS
  • FIGURE 8: SNAPSHOT OF A TYPICAL NCM BATTERY
  • FIGURE 9: SNAPSHOT OF A TYPICAL NCA BATTERY
  • FIGURE 10: SNAPSHOT OF A TYPICAL LFP BATTERY
  • FIGURE 11: EUROPE ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY ELECTRIC VEHICLE BATTERY, IN 2020
  • FIGURE 12: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)
  • FIGURE 13: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY HYBRID ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)
  • FIGURE 14: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY PLUG-IN HYBRID ELECTRIC VEHICLE, 2021-2028 (IN $ MILLION)
  • FIGURE 15: EUROPE ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY BATTERY TYPE, IN 2020
  • FIGURE 16: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY LEAD ACID, 2021-2028 (IN $ MILLION)
  • FIGURE 17: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY NICKEL METAL HYDRIDE, 2021-2028 (IN $ MILLION)
  • FIGURE 18: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY LITHIUM-ION, 2021-2028 (IN $ MILLION)
  • FIGURE 19: EUROPE ELECTRIC VEHICLE BATTERY MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
  • FIGURE 20: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY COMMERCIAL VEHICLE, 2021-2028 (IN $ MILLION)
  • FIGURE 21: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY PASSENGER CAR, 2021-2028 (IN $ MILLION)
  • FIGURE 22: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY OTHER, 2021-2028 (IN $ MILLION)
  • FIGURE 23: EUROPE ELECTRIC VEHICLE BATTERY MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 24: UNITED KINGDOM ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 25: GERMANY ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 26: FRANCE ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 27: NORWAY ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 28: NETHERLANDS ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 29: SWEDEN ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 30: AUSTRIA ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 31: REST OF EUROPE ELECTRIC VEHICLE BATTERY MARKET, 2021-2028 (IN $ MILLION)