Europe Electric Vehicle Battery Market Size & Outlook
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Europe electric vehicle battery market highlights
- The Europe electric vehicle battery market generated a revenue of USD 11,541.8 million in 2024.
- The market is expected to grow at a CAGR of 20.3% from 2025 to 2030.
- In terms of segment, lithium-ion battery was the largest revenue generating battery type in 2024.
- Lithium-Ion Battery is the most lucrative battery type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 11,541.8 million |
| Market revenue in 2030 | USD 35,010.7 million |
| Growth rate | 20.3% (CAGR from 2025 to 2030) |
| Largest segment | Lithium-ion battery |
| Fastest growing segment | Lithium-Ion Battery |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-Ion Battery, Lead-Acid Battery |
| Key market players worldwide | Contemporary Amperex Technology, LG Energy Solution, BYD Company, Panasonic Corporation, Samsung, SK on, Toshiba Corporation, EnerSys, Hitachi Ltd, Mitsubishi Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 18.8% of the global electric vehicle battery market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 106,894.7 million by 2030.
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Electric Vehicle Battery Market Scope
Electric Vehicle Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Contemporary Amperex Technology | View profile | 10001+ | Xining, Qinghai, China, Asia | https://www.catl.com/en/ |
| Samsung | View profile | - | - | - |
| Panasonic Corporation | View profile | - | - | - |
| BYD Company | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | https://en.byd.com |
| SK on | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://eng.sk-on.com |
| LG Energy Solution | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgensol.com |
| EnerSys | View profile | 10797 | 2366 Bernville Road, Reading, PA, United States, 19605 | https://www.enersys.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Europe electric vehicle 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 electric vehicle battery market will help companies and investors design strategic landscapes.
Lithium-ion battery was the largest segment with a revenue share of 67.42% in 2024. Horizon Databook has segmented the Europe electric vehicle battery market based on lithium-ion battery, lead-acid battery covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of electric vehicle battery market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe electric vehicle battery market , including forecasts for subscribers. This continent databook contains high-level insights into Europe electric vehicle battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe electric vehicle battery market size, by country, 2018-2030 (US$M)
Europe Electric Vehicle Battery Market Outlook Share, 2024 & 2030 (US$M)
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