Market by Vehicle Type, Battery Type, End-user, and Country | Forecast 2021-2028
As
per Triton’s report, the electric vehicle battery market in Europe is estimated
to progress at a compound annual growth rate of 19.09% during the estimated
years of 2021-2028.
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The
countries studied in this market comprise:
• The United Kingdom
• Spain
• Germany
• Norway
• Netherlands
• Sweden
• Austria
• Rest of Europe
The
studied market’s growth in Europe is driven mainly by multiple initiatives. For
instance, the European Battery Alliance endorses battery manufacturing.
Further, several companies are commencing battery manufacturing operations
across significant countries due to the booming electric vehicle sector. This
rise in electric vehicle battery manufacturing in the region is to reduce
dependency on Asia and streamline the supply chain process. Therefore, these
developments are propelling the electric vehicle battery market on a
progressive path.
In
the United Kingdom, the electric vehicle adoption rate has increased over the
years, which creates a lucrative market for EV batteries. Additionally, the
well-developed chemical industry holds the potential to supply resources to the
battery manufacturing industry. Further, recently, Britishvolt selected Blyth to
set up its first battery gigafactory. Additionally, the Coventry City Council
and Airport are anticipated to develop proposals outlining applications for
battery gigafactory. Thus, such developments in battery manufacturing will
drive the electric vehicle battery market’s growth in the next few years.
Northvolt
AB is a battery developer specializing in lithium-ion technology for electric
vehicles. It develops sustainable lithium-ion batteries in combination with
R&D, industrialization, and recycling. The company’s high-performance
lithium-ion cells are available in cylindrical and prismatic formats. Northvolt
has operations across various countries, with headquarters located in Sweden.
1. EUROPE
ELECTRIC VEHICLE BATTERY MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. INCREASED
INVESTMENTS IN THE ELECTRIC VEHICLE MARKET
2.1.2. NEED
FOR SUBSIDIES IN BATTERY RECYCLING
2.2. IMPACT
OF COVID-19 ON ELECTRIC VEHICLE BATTERY MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS MATRIX
2.5. INDUSTRY
COMPONENTS
2.5.1. RAW
MATERIAL MINING
2.5.2. BATTERY
CELL
2.5.3. BATTERY
MODULE
2.5.4. BATTERY
PACK
2.5.5. END-USER
2.5.6. END OF
LIFE PROCESSES
2.6. VENDOR
SCORECARD
2.7. TECHNOLOGY
ANALYSIS
2.7.1. LI-ION
BATTERY BASED ON VARIATION IN CATHODE MATERIAL
2.7.1.1. NCM
(LITHIUM-COBALT-MANGANESE-OXIDE)
2.7.1.2. NCA
(LITHIUM NICKEL COBALT ALUMINUM OXIDE)
2.7.1.3. LFP
(LITHIUM IRON PHOSPHATE)
2.7.2. SOLID
STATE BATTERIES
2.8. RAW
MATERIAL ANALYSIS
2.8.1. KEY
RAW MATERIALS
2.8.2. COUNTRIES
HAVING HIGH DEPOSITS OF KEY RAW MATERIALS
2.8.2.1. LITHIUM
2.8.2.2. MANGANESE
2.8.2.3. NICKEL
2.8.2.4. COBALT
2.8.2.5. GRAPHITE
2.9. KEY
MARKET STRATEGIES
2.9.1. CONTRACTS
& PARTNERSHIPS
2.9.2. BUSINESS
EXPANSIONS & DIVESTITURES
2.9.3. ACQUISITIONS
& MERGERS
2.9.4. NEW
PRODUCT LAUNCHES
2.10. INDUSTRY
PLAYER POSITIONING
2.11. MARKET
DRIVERS
2.11.1. GROWING
ELECTRIC VEHICLES MARKET
2.11.2. GOVERNMENTAL
INCENTIVES AND PROMOTION
2.11.3. DEVELOPMENTS
IN BATTERY TECHNOLOGY
2.11.4. GROWTH
IN PUBLIC CHARGING INFRASTRUCTURE
2.12. MARKET
CHALLENGES
2.12.1. ISSUES
IN RAW MATERIAL PROCUREMENT
2.12.2. HIGH
CHARGING TIME FOR BATTERIES
2.12.3. SAFETY
CONCERNS
2.13. MARKET
OPPORTUNITIES
2.13.1. EMERGENCE
OF SHARED E-MOBILITY HELPING BATTERY SWAPPING SEGMENT
2.13.2. IMPROVEMENTS
IN VEHICLE-TO-GRID (V2G) TECHNOLOGIES
3. EUROPE
ELECTRIC VEHICLE BATTERY MARKET – BY VEHICLE TYPE
3.1. BATTERY
ELECTRIC VEHICLE
3.2. HYBRID
ELECTRIC VEHICLE
3.3. PLUG-IN
HYBRID ELECTRIC VEHICLE
4. EUROPE
ELECTRIC VEHICLE BATTERY MARKET - BY BATTERY TYPE
4.1. LEAD
ACID
4.2. NICKEL-METAL
HYDRIDE
4.3. LITHIUM-ION
5. EUROPE
ELECTRIC VEHICLE BATTERY MARKET - BY END-USER
5.1. COMMERCIAL
VEHICLE
5.2. PASSENGER
CAR
5.3. OTHER
END USERS
6. EUROPE
ELECTRIC VEHICLE BATTERY MARKET – REGIONAL OUTLOOK
6.1. UNITED
KINGDOM
6.2. GERMANY
6.3. FRANCE
6.4. NORWAY
6.5. NETHERLANDS
6.6. SWEDEN
6.7. AUSTRIA
6.8. REST
OF EUROPE
7. COMPETITIVE
LANDSCAPE
7.1. MARKET
SHARE ANALYSIS
7.2. COMPANY
PROFILES
7.2.1. CATL
7.2.2. LG
ENSOL
7.2.3. PANASONIC
7.2.4. SAMSUNG
SDI
7.2.5. SK
INNOVATION
7.2.6. BYD
7.2.7. CALB
7.2.8. VEHICLE
ENERGY JAPAN CO LTD
7.2.9. TOSHIBA
CORPORATION
7.2.10. LITHIUM
ENERGY JAPAN
7.2.11. ENVISION
AESC
7.2.12. A123
SYSTEMS
7.2.13. GS
YUASA
7.2.14. NORTHVOLT
AB
7.2.15. PRIME
PLANET ENERGY SOLUTIONS
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE ELECTRIC
VEHICLE BATTERY MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 2: MARKET ATTRACTIVENESS
MATRIX
TABLE 3: VENDOR SCORECARD
TABLE 4: MAJOR ELECTRIC
VEHICLE KEY RAW MATERIALS PRODUCERS
TABLE 5: LIST OF CONTRACTS
& PARTNERSHIPS
TABLE 6: LIST OF BUSINESS
EXPANSIONS & DIVESTITURES
TABLE 7: LIST OF ACQUISITIONS
& MERGERS
TABLE 8: LIST OF NEW PRODUCT
LAUNCHES
TABLE 9: EUROPE ELECTRIC
VEHICLE BATTERY MARKET, BY VEHICLE TYPE, 2021-2028 (IN $ MILLION)
TABLE 10: EUROPE ELECTRIC
VEHICLE BATTERY MARKET, BY BATTERY TYPE, 2021-2028 (IN $ MILLION)
TABLE 11: EUROPE ELECTRIC
VEHICLE BATTERY MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 12: EUROPE ELECTRIC
VEHICLE BATTERY MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
FIGURE
1: PORTER’S FIVE FORCES ANALYSIS
FIGURE
2: INDUSTRY COMPONENTS
FIGURE
3: SNAPSHOT OF A TYPICAL NCM BATTERY
FIGURE
4: SNAPSHOT OF A TYPICAL NCA BATTERY
FIGURE
5: SNAPSHOT OF A TYPICAL LFP BATTERY
FIGURE
6: INDUSTRY PLAYER POSITIONING IN 2020 (IN %)
FIGURE
7: ELECTRIC VEHICLE SALES, IN UNITS, 2010-2020
FIGURE
8: LITHIUM-ION BATTERY PRICE PER KWH (2010-2020)
FIGURE
9: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY VEHICLE TYPE, 2020 & 2028 (IN
%)
FIGURE
10: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY ELECTRIC VEHICLE,
2021-2028 (IN $ MILLION)
FIGURE
11: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY HYBRID ELECTRIC VEHICLE,
2021-2028 (IN $ MILLION)
FIGURE
12: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY PLUG-IN HYBRID ELECTRIC VEHICLE,
2021-2028 (IN $ MILLION)
FIGURE
13: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY BATTERY TYPE, 2020 & 2028
(IN %)
FIGURE
14: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY LEAD ACID, 2021-2028 (IN $
MILLION)
FIGURE
15: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY NICKEL-METAL HYDRIDE, 2021-2028
(IN $ MILLION)
FIGURE
16: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY LITHIUM-ION, 2021-2028 (IN $
MILLION)
FIGURE
17: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY END USER, 2020 & 2028 (IN %)
FIGURE
18: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY COMMERCIAL VEHICLE, 2021-2028
(IN $ MILLION)
FIGURE
19: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY PASSENGER CAR, 2021-2028 (IN $
MILLION)
FIGURE
20: EUROPE ELECTRIC VEHICLE BATTERY MARKET, BY OTHER END USERS, 2021-2028 (IN $
MILLION)
FIGURE
21: EUROPE ELECTRIC VEHICLE BATTERY MARKET, COUNTRY OUTLOOK, 2020 & 2028
(IN %)
FIGURE
22: UNITED KINGDOM ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
23: GERMANY ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
24: FRANCE ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
25: NORWAY ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
26: NETHERLANDS ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
27: SWEDEN ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
28: AUSTRIA ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
29: REST OF EUROPE ELECTRIC VEHICLE BATTERY MARKET 2021-2028 (IN $ MILLION)
FIGURE
30: MARKET SHARE ANALYSIS, 2020, (IN %)