Press release
European Electric Vehicle Battery Market 2020-2026 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2026
The European electric vehicle (EV) battery market is anticipated to grow at a lucrative CAGR during the forecast period (2020-2026). As per the American Chemical Society (ACS), Europe held only a 3.0% share of the global lithium-ion battery market in 2020. Therefore, to compete with the other countries globally, EV battery manufacturers are striving to approve the construction of EV battery plants in the region. Several major gigafactories are approved for construction in Europe and will be ready in the next few years to meet an anticipated surge in demand for EV batteries in the region. Reduction in production costs and risks by recycling and by sourcing raw materials within Europe is a key propellant for the construction of EV battery facilities in the region.(Get 15% Discount on Buying this Report)
A full report of European Electric Vehicle Battery Market is available at: https://www.omrglobal.com/industry-reports/european-electric-vehicle-battery-market
The expansion of major EV battery market players in the region is anticipated to increase the potential of the EU to become an EV battery powerhouse. For instance, in February 2020, Saft and the PSA Group announced plans for two lithium-ion EV battery cell plants in Europe. The French-German alliance intends to establish a joint venture named Automotive Cell Company (ACC), with a total output of 48 GWh annually by 2030, through around a $5.9 billion investment, supported by nearly $1.5 billion in public funding from the EU.
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Market Coverage
• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Battery Type, By Vehicle Type, By Propulsion Type
• Region Covered-Europe
• Competitive Landscape- Hitachi, Ltd., Liacon GmbH, NEC Corp., Panasonic Corp., Sony Corp.
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?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
European Electric Vehicle Battery Market Report Segment
By Battery Type
• NiMH
• Li-ion
• Others
By Vehicle Type
• Commercial Vehicles
• Passenger Cars
• Two-Wheelers
By Propulsion Type
• Battery Electric Vehicles
• Plug-in Hybrid Electric Vehicle
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/european-electric-vehicle-battery-market
European Electric Vehicle Battery Market Report Segment
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Company Profiles
• BMZBatterien-Montage-Zentrum GmbH
• Britishvolt
• Contemporary Amperex Technology Co. Ltd.
• Custom Cells Itzehoe GmbH
• Daimler AG
• EAS Batteries GmbH
• Hankook AtlasBX Co., Ltd.
• Hitachi, Ltd.
• LG Chem Ltd.
• Liacon GmbH
• NEC Corp.
• NorthVolt AB
• Panasonic Corp.
• Samsung SDI Co., Ltd.
• SK Innovation Co. Ltd.
• Sony Corp.
• Svolt Energy Technology Co., Ltd.
• Tesla Inc.
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
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.
For More Information, Visit https://www.omrglobal.com
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