U.K. Battery Market Size & Outlook, 2025-2030
Global Market
Related Markets
UK battery market highlights
- The UK battery market generated a revenue of USD 4,650.4 million in 2024 and is expected to reach USD 14,442.3 million by 2030.
- The UK market is expected to grow at a CAGR of 21.1% from 2025 to 2030.
- In terms of segment, lithium ion was the largest revenue generating product in 2024.
- Lithium Ion is the most lucrative product segment registering the fastest growth during the forecast period.
Battery market data book summary
| Market revenue in 2024 | USD 4,650.4 million |
| Market revenue in 2030 | USD 14,442.3 million |
| Growth rate | 21.1% (CAGR from 2025 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Lithium Ion |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lead Acid, Lithium Ion, Nickel-based, Sodium-ion, Flow Battery, Small Sealed Lead-acid Batteries |
| Key market players worldwide | BYD Co Ltd ADR, GS Yuasa Corp, Hitachi Ltd, Johnson Controls International PLC, LG Chem, NEC Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Toshiba Corporation |
Other key industry trends
- In terms of revenue, UK accounted for 3.5% of the global battery market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK battery market is projected to lead the regional market in terms of revenue in 2030.
- Belgium is the fastest growing regional market in Europe and is projected to reach USD 1,494.7 million by 2030.
The UK is the third-largest economy and the second-largest car market in Europe. Increasing sales of electric vehicles are expected to drive the demand for batteries in the country. The UK government has initiated the electrification of road transportation to mitigate climate change and reduce dependence on fossil fuels.
Factors such as policies incentivizing the uptake of EVs, investments in national electric vehicle technology innovation, and development of charging infrastructure are expected to fuel the demand for electric vehicles.
Moreover, policies providing direct financial incentives for electric vehicles, including a plug-in car grant, tax reduction on private use of company cars with low emission, and CO2-based annual ownership taxes, are expected to create immense market potential.
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Publish Date: Apr 20, 2026
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Battery Market Scope
Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hitachi Ltd | View profile | 322,525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | www.hitachi.com |
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| NEC Corp | View profile | 118,527 | 7-1, Shiba 5-chome, Minato-ku, Tokyo, Japan, 108-8001 | www.nec.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | www.toshiba.com/tai/ |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.lgchem.com |
| BYD Co Ltd ADR | View profile | 703,504 | No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, China, People's Republic of, 518118 | www.byd.com |
| GS Yuasa Corp | View profile | 17,031 | 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8520 | www.gs-yuasa.com |
U.K. Battery Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Battery Market Outlook will help companies and investors design strategic landscapes.
Lithium Ion was the largest segment with a revenue share of 60.51% in 2024.
Horizon Databook has segmented the U.K. battery market based on lead acid, lithium ion, nickel-based, sodium-ion, flow battery, small sealed lead-acid batteries covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is the third-largest economy and the second-largest car market in Europe. Increasing sales of electric vehicles are expected to drive the demand for batteries in the country. The UK government has initiated the electrification of road transportation to mitigate climate change and reduce dependence on fossil fuels.
Factors such as policies incentivizing the uptake of EVs, investments in national electric vehicle technology innovation, and development of charging infrastructure are expected to fuel the demand for electric vehicles.
Moreover, policies providing direct financial incentives for electric vehicles, including a plug-in car grant, tax reduction on private use of company cars with low emission, and CO2-based annual ownership taxes, are expected to create immense market potential.
- U.K. Battery Market Product Outlook (Revenue, USD Million , 2018-2030)
- Lead Acid
- Lithium Ion
- Nickel-based
- Sodium-ion
- Flow Battery
- Small Sealed Lead-acid Batteries
- Others
- U.K. Battery Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Aerospace
- Automobile
- Consumer Electronics
- Grid-scale Energy Storage
- Telecom
- Power Tools
- Military & Defense
- Others
- U.K. Battery Market Application Outlook (Revenue, USD Million , 2018-2030)
- Automotive Batteries
- Industrial Batteries
- Portable Batteries
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Horizon Databook provides a detailed overview of country-level data and insights on the U.K. Battery Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Battery Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.K. Battery Market, 2018-2030 (US$M)
UK battery market statistics, by product, 2018-2030 (US$M)
