Press release
Germany Battery Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027
The German battery market is estimated to grow at a significant CAGR during the forecast period. The demand for batteries has increased owing to the increased adoption of EVs. Further, major players in the industry are getting involved in the initiative taken by the government to expand domestic manufacturing of batteries in the region.On June 30, 2020, German Minister of Economic Affairs and Energy Peter Altmaier officially awarded the government's first grant worth EUR 300 million (around $355 million) to battery company Varta. The initiative is part of a European Union IPCEI, Important Project of Common European Interest. Four other companies (BASF, BMW Group, Opel, and Umicore) with battery-cell projects in Germany will also be receiving grants.
A full report of Germany Battery Market is available at: https://www.omrglobal.com/industry-reports/germany-battery-market
Germany aims to have 7 to 10 million electric vehicles on the roads by 2030, and government-backed incentives of up to $10,696 are available to purchasers of new electric vehicles and hybrids. This will open up business opportunities for German subsidiaries of foreign companies as well. Such initiatives by the government open up new opportunities and provide significant growth to the German battery industry.
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/germany-battery-market
Market Coverage
• Market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- By Category, By Type, and By Application
• Regions Covered- Germany
• Competitive Landscape- A123 Systems LLC, Siemen AG, Tesla Inc., Exide Industries Ltd., Saft Group SA, and Tesvolt GmbH
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?
Germany Battery Market- Segmentation
By Category
• Primary
• Secondary
By Type
• Lithium-Ion
• Nickel-Metal Hydride (NI-MH)
• Nickel Cadmium
• Lead Acid
• Others
By Application
• Automotive
• Industrial
• Consumer Electronics
• Power & Energy
• Others
Company Profiles
• A123 Systems, LLC
• BOS Balance of Storage Systems AG.
• Exide Industries Ltd.
• Saft Group SA
• Siemens AG
• Tesla Inc.
• Tesvolt GmbH
• VARTA Storage GmbH
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.
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