UK Battery Market Size, Share, Growth, Research and Forecast 2019-2025
New car registrations in UK rose for the first time in 2020, increasing by 11.3% compared to July last year, as per the Society of Motor Manufacturers & Traders (SMMT). The demand for Battery Electric Vehicles (BEVs) in 2020 continued to increase, with sales surging 259% against last year. BEVs are becoming increasingly popular as government incentives, improved battery range, as well as more attractive price points, attract more population to buy electric cars.
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With the accelerating electric car industry, the market for batteries, especially lithium-ion batteries, is expected to grow in the near future. The drive towards electrification is continuing to gather pace and is projected to accelerate further in the near future. Further, the local battery manufacturers are making efforts to meet the growing need. For instance, British battery manufacturers AMTE Power is exploring the creation of the UK’s first large-scale 1GWh battery factory.
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• Market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- By Category, By Type, and
• Regions Covered- UK
• Competitive Landscape- Accutronics Ltd., AceOn Group, BYD Co. Ltd., Faradion Ltd., Exide Industries Ltd., AMTE Power, and Britishvolt.
Key Questions Addressed by the Report
• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
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UK Battery Market- Segmentation
• Nickel-Metal Hydride (NI-MH)
• Nickel Cadmium
• Lead Acid
• Consumer Electronics
• Power & Energy
• Accutronics Ltd.
• AceOn Group
• AMTE Power
• Automotive Energy Supply Corp.
• BYD Co. Ltd.
• E-Getx Ltd.
• Exide Industries Ltd.
• Faradion Ltd.
• OXIS Energy Ltd.
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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