East Europe Battery Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
East Europe Battery Market Analysis
The East Europe Battery Market is expected to register a CAGR of over 2% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.
- Over the medium term, increasing the adoption of electronic devices that use batteries growing industry of electric vehicles and electronic devices are expected to drive the market's growth.
- On the other hand, the ongoing Russia-Ukraine war is expected to hamper the East Europe Battery Market Growth during the forecast period.
- Nevertheless, increasing manufacturing facilities across the East Europe region is likely to create lucrative growth opportunities for the East Europe Battery Market in the forecast period.
- Romania is expected to witness significant growth during the forecast period. This growth is attributed to the increasing renewable energy installations and phasing out from conventional fuel to cleaner energy sources.
East Europe Battery Market Trends
This section covers the major market trends shaping the East Europe Battery Market according to our research experts:
Lithium-ion Batteries Expected to Dominate the Market
- Lithium-ion batteries are a rechargeable cell type usually used in electronic devices and energy vehicles. These batteries also store energy from renewable energy sources such as solar and wind.
- Europe's demand for lithium-ion batteries for electric vehicles is expected to amount to 325 gigawatt-hours in 2030. This represents almost the major of the global demand for electric vehicle lithium-ion batteries. Many European countries committed to combustion engine phase-out will substantially increase battery demand in this time frame.
- In October 2021, Elemental Holding S.A. announced plans to build a facility to recycle spent lithium-ion batteries from electric vehicles and other products in the city of Zawiercie in southern Poland. The facility will use technology that enables the recovery and green production of nickel, cobalt, lithium, and other metals and raw materials essential for the lithium-ion battery value chain, which expects operations to begin in 2023.
- In September 2022, Russia's Rosatom State Nuclear Energy Corporation announced plans to establish Europe's largest lithium battery production facility in Russia. Lithium battery production facility in the wake of the rapidly increasing demand for electric vehicles globally.
- Hence, owing to the above points, the lithium-ion segment is likely going to dominate the East Europe Battery Market during the forecast period.
Romania to Witness Significant Growth
- Romania is one of the prominent countries in Eastern Europe. It has been attracting investments from other countries and operating various production facilities in battery sectors to develop batteries that can be more efficient than the existing ones.
- Moreover, the Government of Romania has set ambitious targets to increase the share of renewable energy in its total electric power mix to 35% by 2030. The supportive government initiatives and targets are likely to be the key drivers for the battery market in Romania.
- In 2021, the total renewable capacity in Romania from renewable sources increased. By the end of 2021, the capacity reached 11,138 megawatts.
- In November 2022, EIT InnoEnergy signed an investment agreement with the Romanian manufacturer of lithium-ion batteries and tailor-made storage systems Prime Batteries Technology, which plans to scale up its annual output to 8GWh by 2026.
- Hence, owing to the above points, Romania is expected to witness significant growth in the East Europe battery market during the forecast period.
East Europe Battery Industry Overview
The East Europe Battery Market needs to be more cohesive. Some of the key players in this market (not in particular order) include VARTA Microbattery GmbH, AKTEX Inc, Duracell Inc, RUSNANO Group, and EAS Batteries GmbH.
East Europe Battery Market Leaders
Duracell Inc
VARTA Microbattery GmbH
AKTEX Inc.
RUSNANO Group
EAS Batteries GmbH
*Disclaimer: Major Players sorted in no particular order
East Europe Battery Market News
- December 2022: the Romanian government allocated USD 108.6 million grant to support investments in battery energy storage systems and deliver at least 240 MW/480 MWh by 2025. The grants will be allocated for purchasing system components and equipment for the construction of new battery projects, as well as the construction of the BESS facilities.
- March 2022: the European Commission announced that it had approved a USD 105 million aid for Poland to expand LG Chem's Electric Vehicles (EVs) battery plant. The investment will support the expansion of LG Chem's battery cell production facility for EVs in Poland's Dolnośląskie region.
East Europe Battery Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Consumers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Primary Battery
5.1.2 Secondary Battery
5.2 Technology
5.2.1 Lithium-ion Battery
5.2.2 Lead-acid Battery
5.2.3 Flow Battery
5.2.4 Others
5.3 Application
5.3.1 Automotive
5.3.2 Industrial
5.3.3 Portable
5.3.4 Others
5.4 Geography
5.4.1 Russia
5.4.2 Romania
5.4.3 Poland
5.4.4 Rest of East Europe
6. COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
6.3.1 VARTA Microbattery GmbH
6.3.2 AKTEX Inc
6.3.3 Zavod AIT
6.3.4 Contemporary Amperex Technology Co Ltd
6.3.5 RUSNANO Group
6.3.6 CEZ as (CEZ Group)
6.3.7 EAS Batteries GmbH
6.3.8 Mutlu Holding
6.3.9 Duracell Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
East Europe Battery Industry Segmentation
A battery is a device that converts chemical energy contained within its active materials directly into electric energy utilizing an electrochemical oxidation-reduction (redox) reaction. This type of reaction involves the transfer of electrons from one material to another via an electric circuit.
The East Europe Battery Market is segmented by type, technology, application, and geography. By type, the market is segmented into primary battery and secondary battery. By technology, the market is segmented into lithium-ion battery, lead-acid battery, flow battery, and others. By application, the market is segmented into automotive, industrial, portable, and others. The report also covers the market size and forecasts for the East Europe Battery Market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).
| Type | |
| Primary Battery | |
| Secondary Battery |
| Technology | |
| Lithium-ion Battery | |
| Lead-acid Battery | |
| Flow Battery | |
| Others |
| Application | |
| Automotive | |
| Industrial | |
| Portable | |
| Others |
| Geography | |
| Russia | |
| Romania | |
| Poland | |
| Rest of East Europe |
East Europe Battery Market Research FAQs
What is the current East Europe Battery Market size?
The East Europe Battery Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in East Europe Battery Market?
Duracell Inc, VARTA Microbattery GmbH, AKTEX Inc., RUSNANO Group and EAS Batteries GmbH are the major companies operating in the East Europe Battery Market.
What years does this East Europe Battery Market cover?
The report covers the East Europe Battery Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the East Europe Battery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Battery in East Europe Industry Report
Statistics for the 2024 Battery in East Europe market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Battery in East Europe analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
