European Battery Market 2025-2035

Description

List of Tables

European Battery Market Size, Share & Trends Analysis Report by Category (Primary (Non-rechargeable) Batteries, and Secondary (Rechargeable) Batteries), by Type (Lithium Ion (Li-Ion), Nickel-Metal Hydride (NI-MH), Nickel Cadmium, Lead Acid, and Others (Solid-state batteries)), and by Application (Automotive, Industrial, Consumer Electronics, Energy Storage Systems (ESS), Medical Devices, and Defense and Aerospace), Forecast Period (2025-2035)

Industry Overview

European battery market was valued at $22.8 billion in 2024 and is projected to reach 174.6 billion by 2035, growing at a CAGR of 20.4% during the forecast period (2025-2035). The European battery market is driven by advancements in energy storage technology and increased adoption across transportation and industrial uses. Mass-scale battery production factories are enhancing manufacturing capacity and logistical/ supply chain capacities. The inclusion of policy initiatives from the government and environmental policies is further speeding up the shift toward clean energy.

In December 2024, Morrow Batteries ASA ("Morrow") received NOK 1.5 billion from Innovation Norway to fund the scale-up and development of battery manufacturing in Norway.

Market Dynamics

Expansion of Sustainable Battery Manufacturing

Manufacturers of batteries in Europe are increasingly embracing sustainability practices by integrating green energy into their production operations and building circular economy recycling capacities. For instance, Sweden's Northvolt AB has clean-energy powered gigafactories and has implemented systems to recycle end-of-life batteries in order to extract reusable precious metals, meeting targets in the EU's Green Deal while minimizing the use of imported raw materials. Sustainable production can be used to reduce the carbon footprint and enhance positioning in a sustainable market.

Growing Advancements in High-Performance Batteries

Battery chemistries and designs are rapidly changing in the European battery industry to enhance energy density, charge rate, and lifecycle.

Saft Groupe SAS is working on innovation in lithium-ion and future solid-state batteries in France for electric mobility and electric stationary storage. These developments are serving to ensure electric vehicles and renewable energy storage systems meet the needed performance requirements.

Key Statistics

EU production ownership is 15.0% of EU battery production capacity managed by European-headquartered companies, 75% owned by Korean companies.
EU battery imports (2023) €27 billion (29.2 billion) worth, approx. 90% from three Asian countries, China alone accounts for 87% of the total imports.
EU's refining & processing share Cobalt processing - 12% globally, lithium, graphite, nickel refining dominated by China (>50% control in lithium & cobalt processing).

Market Segmentation

Based on the category, the market is segmented into primary (non-rechargeable) batteries and secondary (rechargeable) batteries.
Based on the type, the market is segmented into lithium-ion (LI-ION), nickel-metal hydride (Ni-MH), nickel cadmium, lead acid, and others (solid-state batteries).
Based on the application, the market is segmented into automotive, industrial, consumer electronics, energy storage systems (ESS), medical devices, and defense and aerospace.

Lithium Ion (Li-Ion) Segment to Lead the Market with the Largest Share

The European battery industry is undergoing significant growth, with industries choosing lithium-ion technology as the chemistry of choice. Manufacturers are investing in new advanced cell manufacturing to support demand from mobility and energy storage applications.

For instance, VARTA AG has expanded its portfolio with high-capacity lithium-ion solutions for both the industrial and automotive sectors. These advancements are helping the region's competitiveness in the larger supply chain. The multifaceted properties of lithium-ion batteries and the increasing benefits are spurring more investment.

Automotive: A Key Segment in Market Growth

Automotive electrification is a key driver of Europe's battery market. The growth in commitments from automakers to eliminate combustion engines leads to sustained demand for domestically manufactured battery systems. For instance, ACC (Automotive Cells Company) is developing large-scale factories to supply high-performance batteries to electric vehicles. Partnerships among battery manufacturers and automotive OEMs align technology and develop a secure supply chain. Partnerships include greater battery chemistry and pack design innovations, and dedicated gigafactories to bolster regional market or regional strength in the car value chain.

Germany Dominates the Market with a Major Share

Germany plays a pivotal role in the growth of the European battery market with its robust manufacturing infrastructure and technological innovation. The government's emphasis on electric mobility, renewable energy storage, and industrial automation has accounted for a considerable increase in demand for high-performing batteries. For instance, VARTA AG is driving this growth by producing sophisticated lithium-ion and energy storage products. Germany's favorable government policies and research investments have also spurred innovation in battery technology.

Market Players Outlook

The major companies operating in the European battery market include Contemporary Amperex Technology Co., Limited, Saft Groupe S.A., FIAMM SpA, BYD Co., Ltd., and Northvolt AB, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

In March 2025, TotalEnergies follows up on growth in electricity with six new battery storage projects. TotalEnergies is announcing investment decisions for six battery storage projects. In total, these projects amount to 221 MW of new storage capacity and an investment outlay of €160 million ($177.1 million). The launch of these projects marks a major milestone in TotalEnergies' development of battery energy storage capacity in Germany.
In July 2024, Stellantis and CEA, one of the most innovative research institutions, announced a new, five-year collaboration that targets the in-house design of next-generation battery cells for electric vehicles. This joint research program entails designing advanced technology cells with higher performance, a longer life, and a lower carbon footprint at competitive costs, and that can result in cheaper & more sustainable battery electric vehicles in the future.
In May 2024, Neogy announced that it was close to completing and commissioning its factory to mass-produce lithium batteries. This new 3,000 m2 factory in Pompignac, near Bordeaux, marks a crucial stage in the company's industrialization process. The mass production of batteries designed by Neogy's research department for use in a wide range of demanding sectors, including electric mobility, marine, and defense.
In January 2024, VARTA AG is further expanding its capacities for the research and development of next-generation batteries. With the expansion of VARTA Innovation, one of the most modern research facilities for battery technology in Europe is being created at the Graz (Austria) site. The work is nearing completion. In the future, the latest technologies for a wide range of applications, from the Internet of Things (IoT) to the automotive sector, will be developed on an area of around 3,500 square meters.

The Report Covers:

Market value data analysis of 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the European battery market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2022913

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
European Battery Market Sales Analysis - Category| Type | Application ($ Million)
European Battery Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key European Battery Industry Trends
- 2.2.2. Market Recommendations

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For the European Battery Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For the European Battery Market: Impact Analysis
3.3. Market Opportunities
- 3.3.1. Opportunities For the European Battery Market: Impact Analysis

4. Competitive Landscape

4.1. Competitive Dashboard - European Battery Market Revenue and Share by Manufacturers
Battery Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. Contemporary Amperex Technology Co., Limited (CATL)
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis (Subject to Data Availability)
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. Saft Groupe S.A.
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis (Subject to Data Availability)
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. FIAMM SpA
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis (Subject to Data Availability)
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. BYD Co., Ltd.
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis (Subject to Data Availability)
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. Northvolt AB
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis (Subject to Data Availability)
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. European Battery Market Sales Analysis by Category ($ Million)

5.1. Primary (Non-rechargeable) Batteries
5.2. Secondary (Rechargeable) Batteries

6. European Battery Market Sales Analysis by Type ($ Million)

6.1. Lithium Ion (Li-Ion)
6.2. Nickel-Metal Hydride (NI-MH)
6.3. Nickel Cadmium
6.4. Lead Acid
6.5. Others (Solid-state batteries)

7. European Battery Market Sales Analysis by Application ($ Million)

7.1. Automotive
7.2. Industrial
7.3. Consumer Electronics
7.4. Energy Storage Systems (ESS)
7.5. Medical Devices
7.6. Defense and Aerospace

8. European Battery Market Sales Analysis by Country ($ Million)

8.1. UK
8.2. Germany
8.3. Italy
8.4. Spain
8.5. France
8.6. Russia
8.7. Rest of Europe

9. Company Profiles

9.1. ACC (Automotive Cells Company SE)
- 9.1.1. Quick Facts
- 9.1.2. Company Overview
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategies
9.2. AESC Group Ltd.
- 9.2.1. Quick Facts
- 9.2.2. Company Overview
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategies
9.3. BENNING Elektrotechnik und Elektronik GmbH & Co. KG
- 9.3.1. Quick Facts
- 9.3.2. Company Overview
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategies
9.4. BMZ Holding GmbH
- 9.4.1. Quick Facts
- 9.4.2. Company Overview
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategies
9.5. BorgWarner Inc.
- 9.5.1. Quick Facts
- 9.5.2. Company Overview
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategies
9.6. BYD Co., Ltd.
- 9.6.1. Quick Facts
- 9.6.2. Company Overview
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategies
9.7. Contemporary Amperex Technology Co., Limited
- 9.7.1. Quick Facts
- 9.7.2. Company Overview
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategies
9.8. Continental AG
- 9.8.1. Quick Facts
- 9.8.2. Company Overview
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategies
9.9. Duracell Inc.
- 9.9.1. Quick Facts
- 9.9.2. Company Overview
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategies
9.10. EAS Batteries GmbH
- 9.10.1. Quick Facts
- 9.10.2. Company Overview
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategies
9.11. Exide Technologies
- 9.11.1. Quick Facts
- 9.11.2. Company Overview
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategies
9.12. FIAMM Energy Technology S.p.A.
- 9.12.1. Quick Facts
- 9.12.2. Company Overview
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategies
9.13. Forsee Power
- 9.13.1. Quick Facts
- 9.13.2. Company Overview
- 9.13.3. Product Portfolio
- 9.13.4. Business Strategies
9.14. GS Yuasa Corp.
- 9.14.1. Quick Facts
- 9.14.2. Company Overview
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategies
9.15. Hoppecke Batteries Inc.
- 9.15.1. Quick Facts
- 9.15.2. Company Overview
- 9.15.3. Product Portfolio
- 9.15.4. Business Strategies
9.16. InoBat
- 9.16.1. Quick Facts
- 9.16.2. Company Overview
- 9.16.3. Product Portfolio
- 9.16.4. Business Strategies
9.17. Leclanche SA
- 9.17.1. Quick Facts
- 9.17.2. Company Overview
- 9.17.3. Product Portfolio
- 9.17.4. Business Strategies
9.18. LG Energy Solution Ltd.
- 9.18.1. Quick Facts
- 9.18.2. Company Overview
- 9.18.3. Product Portfolio
- 9.18.4. Business Strategies
9.19. Neogy
- 9.19.1. Quick Facts
- 9.19.2. Company Overview
- 9.19.3. Product Portfolio
- 9.19.4. Business Strategies
9.20. Northvolt AB
- 9.20.1. Quick Facts
- 9.20.2. Company Overview
- 9.20.3. Product Portfolio
- 9.20.4. Business Strategies
9.21. Panasonic Corp.
- 9.21.1. Quick Facts
- 9.21.2. Company Overview
- 9.21.3. Product Portfolio
- 9.21.4. Business Strategies
9.22. Saft Groupe SAS
- 9.22.1. Quick Facts
- 9.22.2. Company Overview
- 9.22.3. Product Portfolio
- 9.22.4. Business Strategies
9.23. sonnenGroup
- 9.23.1. Quick Facts
- 9.23.2. Company Overview
- 9.23.3. Product Portfolio
- 9.23.4. Business Strategies
9.24. Uniross
- 9.24.1. Quick Facts
- 9.24.2. Company Overview
- 9.24.3. Product Portfolio
- 9.24.4. Business Strategies
9.25. VARTA AG
- 9.25.1. Quick Facts
- 9.25.2. Company Overview
- 9.25.3. Product Portfolio
- 9.25.4. Business Strategies