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Europe Electric Vehicle Battery Market Surges as Automotive Industry Shifts Towards Electrification

06-14-2023 08:36 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact Mr

Europe Electric Vehicle Battery Market Surges as Automotive

Sales of electric vehicle batteries in Europe are valued at US$ 5.8 billion in 2022. The Europe electric vehicle battery market is predicted to rise at 5.9% CAGR to exceed a valuation of US$ 10.3 billion by end of 2032.

A number of factors, including rising fuel costs, an increase in demand for zero-emission vehicles due to growing environmental awareness and protection needs, strict pollution standards, and the depletion of fossil fuel reserves, are having a significant impact on the sales of electric vehicle batteries in Europe. Over the future years, increased battery research and development for electric vehicles will support market expansion in Europe.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ -https://www.factmr.com/connectus/sample?flag=S&rep_id=7478

๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—ผ๐—ณ ๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒ ๐—˜๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ถ๐—ฐ ๐—ฉ๐—ฒ๐—ต๐—ถ๐—ฐ๐—น๐—ฒ ๐—•๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜† ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€

Europe Electric Vehicle Battery Market by Battery Type :
Lithium-Ion Batteries
Lead Acid Batteries
Nickel Hydride Batteries
Others
Europe Electric Vehicle Battery Market by Battery Capacity :
Less than 25 kWh
25-50 kWh
50-100 kWh
More than 100 kWh
Europe Electric Vehicle Battery Market by Pack Type :
Prismatic
Cylindrical
Pouch
Europe Electric Vehicle Battery Market Vehicle Type :
Hybrid Electric Vehicles (HEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Battery Electric Vehicles (BEVs)
Europe Electric Vehicle Battery Market Vehicle Category :
Passenger Vehicles
Commercial Vehicles
LCVs
HCVs
Buses
Europe Electric Vehicle Battery Market Sales Channel :
OEMs
Aftermarket
Europe Electric Vehicle Battery Market Country :
Germany
Italy
France
Spain
U.K.
Russia
BENELUX
Rest of Europe

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€ -https://www.factmr.com/connectus/sample?flag=RC&rep_id=7478

๐—ž๐—ฒ๐˜† ๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒ ๐—˜๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ถ๐—ฐ ๐—ฉ๐—ฒ๐—ต๐—ถ๐—ฐ๐—น๐—ฒ ๐—•๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐˜‚๐—ฟ๐˜ƒ๐—ฒ๐˜† ๐—›๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฃ๐—ฟ๐—ผ๐—ท๐—ฒ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€

MR analysis provides Europe Electric Vehicle Battery Market demand-supply assessment, revealing Europe Electric Vehicle Battery Market sales to grow from 2022 to 2032
The report provides sales outlook on Europe Electric Vehicle Battery Market, opining Europe Electric Vehicle Battery Market revenues to register a High CAGR during 2022-2032
Sales Channel will remain the largest category on the basis of retail, holding market share
Europe Electric Vehicle Battery Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
Europe Electric Vehicle Battery Market demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
Japan and South Korea Europe Electric Vehicle Battery Market demand likely to grow at a steady clip during 2022-2032

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ

Key electric vehicle battery manufacturers are investing in R&D to develop new technologies and make batteries that are easier to operate in vehicles. Market players are also undertaking efforts to offer new battery technologies by launching cobalt-free batteries, Wi-Fi-powered batteries, etc., to differentiate themselves from other competitors in the market.

For instance :

Panasonic Corporation, in collaboration with Japan Fine Ceramic Center (JFCC) and the Institute of Materials and Systems for Sustainability, Nagoya University, announced the development of a technique to visualize the dynamics in lithium-ion in all-solid-state on a nanometer scale.
LG Chem, in 2020, declared to reuse and recycle its batteries and would also research and develop technologies to predict the remaining battery life by collecting batteries that are imparted to customers.
Volkswagen Group is on the way to expand its electric vehicle business. The company is investing in start-ups. It signed a strategic partnership with 24M Technologies in 2022 to improve battery manufacturing.

๐—ž๐—ฒ๐˜† ๐—ฝ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€

Panasonic Industry Europe GmbH
BMZ Germany GmbH
Volkswagen
Samsung SDI Co. Ltd.
Northvolt AB
Hoppecke Batterien GmbH & Co. KG
Johnson Controls International Plc
SK Innovation Co. Ltd.
LG Chem Europe GmbH

๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐˜๐—ต๐—ฒ ๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒ ๐—˜๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ถ๐—ฐ ๐—ฉ๐—ฒ๐—ต๐—ถ๐—ฐ๐—น๐—ฒ ๐—•๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ฑ๐—ฒ ๐˜๐—ผ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ฒ๐—ฎ๐—ฑ๐—ฒ๐—ฟ๐˜€?

Europe Electric Vehicle Battery Market fragmentation on the basis of product type, end use, and region.
Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
Collaborations, R&D projects, acquisitions, and product launches of each Europe Electric Vehicle Battery Market
Various regulations imposed by the governments on the consumption of Europe Electric Vehicle Battery Market in detail.

๐—™๐—ผ๐—ฟ ๐—ถ๐—ป-๐—ฑ๐—ฒ๐—ฝ๐˜๐—ต ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€, ๐—•๐˜‚๐˜† ๐—ก๐—ผ๐˜„ -https://www.factmr.com/checkout/7478

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