Europe Battery Systems for Electric Vehicles Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Connected Motorcycle Market is segmented by Battery Type (Li-ion, Lead acid), Vehicle Type (Passenger Cars and Commercial Vehicles), and Countries.

Market Snapshot

Europe Battery Systems for Electric Vehicles Market_Overview
Study Period: 2018 - 2026
Base Year: 2020
CAGR: >15 %

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Market Overview

The Europe battery systems for electric vehicles market is anticipated to register a CAGR of around 15% during the forecast period (2020 – 2025).

  • Some of the major factors driving the growth of the market are growing environmental concerns (owing to rising exhaust emissions), enactment of stringent emissions norms, and increasing government initiatives in terms of subsidies for greater adoption rate of electric vehicles.
  • The sales of electric vehicles in Europe grew with around 32% CAGR during the period 2014-19 and is expected to grow further during the forecast period. As per the center for automotive management, during the 2016-2019 sales volume of electric vehicles in Germany grew with a CAGR of 44%, Norway with 16%, UK with 18%, France with 20% and Netherlands with 30%. This growth in sales of electric vehicles will be key to the growth of battery systems for EVs in Europe.
  • According to the Norwegian Road Federation (NFR), a public road infrastructure administration in Norway, 31.2% of all the cars sold in 2018 were pure electric. For December 2018, 65.4% of the total cars registered in Norway were either pure electric or hybrid. Norway plans to end the use of fossil fuels in vehicles by 2025.
  • The European Union in December 2019 approved an aid of UD $ 3.5 billion for research and development of battery technology in the region. The project involves mostly industrial players who will conduct research and development of battery components to increase the battery life and reduce cost.

Scope of the Report

The Europe battery system for electric vehicles market covers the latest trends and technological development in the Europe battery system for electric vehicles market, demand of the battery type (Li-ion, Lead acid), vehicle type (Passenger cars and commercial vehicles), countries.

Vehicle Type
Passenger Vehicles
Commercial Vehicles
Battery Type
Lead Acid
United Kingdom
Rest of Europe

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Key Market Trends

Demand for Zero Emission Vehicles will Drive Demand in the Region

With the increasing pollution levels all around the world, climate change, government initiatives like subsidies on purchase of electric vehicles for increasing awareness among people and encourage them to buy electric vehicles will drive the demand for electric vehicles in the region. In Finland, the purchase subsidy for electric cars was introduced at the start of 2018. For the period 2018–2021, people who are either buying a new electric car or signing a long-term lease agreement for an electric car may receive a Euro 2,000 purchase subsidy from the Finnish government. The Finnish Ministry of Transport also commissioned a Task Force to analyze how the country is expected to reach its goal to eliminate CO2 emissions from the transport sector by 2045. To achieve this target, the task force has proposed a gradual increase in taxes on fossil fuel vehicles and more subsidies for electric vehicles. These kinds of developments are expected to help EV sales grow, which in-turn would drive the market for battery systems in the region.

Europe Battery Systems for Electric Vehicles Market_Key Market Trend1

Norway is Expected to Dominate the European Battery System for Electric Vehicles

In 2018, out of all new vehicles registered about 30% vehicles are Battery electric vehicles and 18% are plugin hybrid electric vehicles. During the forecast period, the trend is expected to continue, because of the financial benefits provided by the government to the electric vehicle buyers. Also, continuous development by the global leaders in technology is improving the performance of the vehicles such as the drive range and fast charging which is further helping the cause. Norway has the highest rate of electric car ownership in the world – 58 percent of new cars sold in March 2019 were electric vehicles. With high adaption rate of EVs in the region the country aims a 100% EV adaption by 2025 and elimination of IC engines. The Government is not only incentivizing the EV buyers but also spending and promoting EV based infrastructure development and innovations. For instance, in March 2019, the government announced they will install the world’s first wireless electric car charging stations for taxis in the country’s capital.

Europe Battery Systems for Electric Vehicles Market_Key Market Trend2

Competitive Landscape

The Europe Battery Systems for Electric Vehicles market is fragmented, with many players accounting for significant amounts of shares in the market. Some of the prominent companies in the Europe Battery Systems for Electric Vehicles market are Contemporary Amperex technologies, Samsung SDI, Toshiba Corporation, Hitachi, Banner Battries and others. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies that may help for new technology.

Samsung SDI started production of batteries in its Hungary plant, which has a capacity to supply 50000 batteries per year. Many Asian players are expanding their bases in the European region. For instance, contemporary ampere which is a china-based company who delivers its batteries to carmakers like BMW and Volkswagen is investing in a 14 GW-a year battery factory in Germany. Chinese battery manufacturer, Svolt Energy Technology,  is planning a European base with 24 gigawatt-hours of production capacity a year by 2025.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Vehicle Type

      1. 5.1.1 Passenger Vehicles

      2. 5.1.2 Commercial Vehicles

    2. 5.2 Battery Type

      1. 5.2.1 Li-ion

      2. 5.2.2 Lead Acid

    3. 5.3 Geography

      1. 5.3.1 Europe

        1. Germany

        2. United Kingdom

        3. Norway

        4. France

        5. Rest of Europe


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Contemporary Amperex Technology

      2. 6.2.2 LG Chemicals

      3. 6.2.3 BYD

      4. 6.2.4 Samsung SDI

      5. 6.2.5 Toshiba Corporation

      6. 6.2.6 Hitachi

      7. 6.2.7 Banner batteries

      8. 6.2.8 Sunlight


**Subject to Availability

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Frequently Asked Questions

The Europe Battery Systems for Electric Vehicles Market market is studied from 2018 - 2026.

The Europe Battery Systems for Electric Vehicles Market is growing at a CAGR of >15% over the next 5 years.

Contemporary Amperex Technology, LG Chemicals, BYD , Samsung SDI, Toshiba Corporation are the major companies operating in Europe Battery Systems for Electric Vehicles Market.

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