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Explore $415.9 billion Electric Vehicle Battery Market: Get exclusive insights on key market trends, segments, geographical analysis, & competitive analysis!<br>
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Europe EV Battery Market Worth $94.41 Billion by 2029
Europe EV Battery Market - 2022–2029 Meticulous Research® has announced the publication of a detailed report titled "Europe EV Batteries Market by Type (Li-ion, Ni-MH, SLA, Ultracapacitors, Solid-state Batteries), Capacity (<50 kWh, 51-100 kWh, 101-300 kWh, >300 kWh), Bonding Type (Wire, Laser), Form, Application, End User, and Country - Forecast to 2029". The European EV battery market is forecasted to grow at a CAGR of 45.8% from 2022, reaching $94.41 billion by 2029. The primary drivers of this growth include the increasing adoption of electric vehicles, decreasing battery prices, and growing localization of battery manufacturing. Additionally, the rise of battery-as- a-service presents significant growth opportunities. However, potential lithium mining shortages may limit market growth. Safety concerns regarding EV batteries pose a major challenge. The report segments the market by type, capacity, bonding type, form, application, end user, and country, and evaluates industry competitors at the country level. The market is primarily segmented by battery type, including lithium-ion, sealed lead acid, nickel- metal hydride, ultracapacitors, solid-state, and other batteries. The lithium-ion segment is expected to hold the largest market share in 2022, due to its high energy density, compact size, lightweight, low maintenance, fast charging, and durability. Battery OEMs are investing in lithium-ion battery production in partnership with automotive OEMs. In terms of capacity, the market is divided into less than 50kWh, 51kWh to 100kWh, 101kWh to 300kWh, and more than 300kWh. The 51kWh to 100kWh segment is projected to lead the market in Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com
Europe EV Battery Market - 2022–2029 2022, driven by automotive OEMs' partnerships and government targets to phase out internal combustion engines by 2030. The bonding type segment includes wire bonding and laser bonding. Wire bonding is expected to dominate in 2022 due to its fast, automated connections, thermal relief, lower scrap production, high reliability, low cost, and easy replaceability of faulty bonds. Regarding form, the market is segmented into prismatic, cylindrical, and pouch. The prismatic segment is anticipated to lead in 2022, owing to its thin profile, space efficiency, design flexibility, low energy consumption, and high power quality. By application, the market is categorized into electric cars, light commercial vehicles, heavy commercial vehicles, e-scooters & motorcycles, and e-bikes. The electric cars segment is expected to dominate in 2022, driven by the adoption for private and shared mobility, environmental concerns, supportive government policies, and OEMs' efforts to reduce emissions. The end user segment is divided into electric vehicle OEMs and battery swapping stations. Electric vehicle OEMs are expected to dominate in 2022 due to increased EV adoption, investments in battery manufacturing, and new EV model launches. Germany is expected to lead the market in 2022, driven by EV adoption, investments by automotive OEMs, and government R&D initiatives. France is projected to follow, supported by investments in battery manufacturing and government incentives. Key market players include Northvolt AB (Sweden), Lithium Werks B.V. (Netherlands), Faradion Limited (U.K.), BMZ Group (Germany), DRÄXLMAIER Group (Germany), E4V (France), Britishvolt Limited (U.K.), Ilika plc (U.K.), and Johnson Matthey Plc (U.K.). Download Sample Report Now: https://www.meticulousresearch.com/download-sample- report/cp_id=5221 Key Questions Answered in the Report002D •Which are the high-growth market segments in terms of type, capacity, bonding type, form, application, end user, and country? •What is the historical market size for European EV batteries across the globe? •What are the market forecasts and estimates for the period 2022–2029? •What are the major drivers, restraints, opportunities, and challenges in the European EV batteries market? •Who are the major players operating in the market, and what are their market shares? •How is the competitive landscape for the European EV batteries market? •What are the recent developments in the European EV batteries market? Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com
Europe EV Battery Market - 2022–2029 •What are the different strategies adopted by the major players in the European EV batteries market? •What are the key geographic trends, and which are the high-growth countries? •Who are the local emerging players in the European EV batteries market, and how do they compete with other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com