Europe Metal Li-based Battery Casing Market Size & Outlook
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Europe metal li-based battery casing market highlights
- The Europe metal li-based battery casing market generated a revenue of USD 688.5 million in 2023.
- The market is expected to grow at a CAGR of 21.4% from 2024 to 2030.
- In terms of segment, rechargeable was the largest revenue generating type in 2023.
- Rechargeable is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Poland is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 688.5 million |
| Market revenue in 2030 | USD 2,681.7 million |
| Growth rate | 21.4% (CAGR from 2023 to 2030) |
| Largest segment | Rechargeable |
| Fastest growing segment | Rechargeable |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Primary, Rechargeable |
| Key market players worldwide | Constellium SE Class A, Gestamp Automocion, GF Casting Solutions, Granges AB, Magna International Inc, MINTH Group, NeMaK, Norsk Hydro ASA, Novelis UK, Targray, Thyssenkrupp AG, UACJ |
Other key industry trends
- In terms of revenue, Europe region accounted for 15.3% of the global metal li-based battery casing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 17.7 million by 2030.
Rechargeable was the largest segment with a revenue share of 89.38% in 2023. Horizon Databook has segmented the Europe metal li-based battery casing market based on primary, rechargeable covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is a major consumer of EVs in the world. The demand for EVs is anticipated to increase in the upcoming years as the continent struggles with the energy crisis brought on by Russia's invasion of Ukraine.
which has driven up power prices and sparked widespread support for accelerating the energy transition away from fossil fuels. Battery storage has emerged as an economically viable investment in the region, largely due to the decreasing costs of energy storage solutions.
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Metal Li-based Battery Casing Market Scope
Metal Li-based Battery Casing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NeMaK | View profile | 1-10 | Zug, Zug, Switzerland, Europe | https://nemak.ch/ |
| MINTH Group | View profile | 10001+ | Beilun, Zhejiang, China, Asia | http://www.minthgroup.com |
| Granges AB | View profile | 501-1000 | Stockholm, Stockholms Lan, Sweden, Europe | http://www.granges.com |
| GF Casting Solutions | View profile | 501-1000 | Schaffhausen, Schaffhausen, Switzerland, Europe | https://www.gfcs.com/ |
| UACJ | View profile | 10001+ | Otemachi, Tokyo, Japan, Asia | https://www.uacj.co.jp/ |
| Gestamp Automocion | View profile | 44956 | Lebario Industrial Park, Abadino, Spain, 48220 | https://www.gestamp.com |
| Constellium SE Class A | View profile | 12000 | 40-44 rue Washington, Washington Plaza, Paris, France, 75008 | https://www.constellium.com |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| Novelis UK | View profile | 5001-10000 | Warrington, Warrington, United Kingdom, Europe | https://www.novelisrecycling.co.uk |
| Targray | View profile | 101-250 | Kirkland, Quebec, Canada, North America | https://www.targray.com/ |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Norsk Hydro ASA | View profile | 32724 | Drammensveien 264, Oslo, Norway, NO-0283 | https://www.hydro.com |
Europe metal li-based battery casing market size, by country, 2018-2030 (US$M)
Europe Metal Li-based Battery Casing Market Outlook Share, 2023 & 2030 (US$M)
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