Germany Battery Market by Type (Lead Acid, Lithium Ion, Nickel Metal Hydride, Nickel Cadmium, and Others), by Application (Residential, Industrial, and Commercial), and by Power Systems (Fuel Cell Batteries, Proton-Exchange Membrane Fuel Cells, Alkaline Fuel Cells, Phosphoric Acid Fuel Cells, Solid Oxide Fuel Cells, Molten Carbonate Fuel Cells, Air Cells, Flywheel Energy Storage, Nuclear Batteries) – Opportunity Analysis and Industry Forecast 2023-2030

Germany Battery Market

Industry:  Energy & Power | Publish Date: Aug 2023 | No of Pages:  79 | No. Tables:  55 | No. Figures:  27

Market Definition

Germany Battery Market was valued at USD 8.22 billion in 2022, and is predicted to reach USD 26.81 billion by 2030, with a CAGR of 15.9% from 2023 to 2030. 

A battery operates as a storage unit for holding energy, which is subsequently released by converting chemical energy into electrical energy. This mechanism is accomplished by making use of one or multiple electrochemical cells. Classified into primary and secondary categories, batteries play essential roles in our everyday routines. Primary batteries, often referred to as non-rechargeable batteries, provide a simple and convenient power solution for various portable devices like cameras, watches, toys, radios, and lighting tools. On the other hand, secondary batteries, known as rechargeable batteries, have the ability to be recharged with electrical energy after being depleted. This differentiation highlights the crucial function that batteries fulfill in our contemporary lives.

Anticipated Growth of Germany's Battery Market Driven by Government Initiatives

Germany is projected to experience a gradual upswing in the battery market, attributed to various government-led initiatives aimed at boosting battery adoption. For instance, in April 2022, the federal minister of digital affairs and transport in Germany announced a funding of USD 168 million for electrification of local public transport in the city of Hamburg and its surrounding areas. This funding was allotted to two major bus operators or public transport companies—Hamburger Hochbahn AG and Verkehrsbetriebe Hamburg-Holstein GmbH. Under this initiative, these entities will provide 472 new electric buses for public transport services. An electric bus operates using an electric motor powered by a rechargeable battery, which is typically a lithium-ion battery. They are specifically manufactured for high electric charge or energy capacity and designed to give power over sustained periods. Moreover, such batteries offer relatively high power-to-weight ratio, high energy density, and can be manufactured in compact size or lighter to reduce the weight of the vehicle and, therefore, improve performance. This increasing use of electric buses drives the battery market in the country.

 

Market growth in Germany is being propelled by leading manufacturers of luxury and performance electric vehicles (EVs)

The presence of leading manufacturers of luxury and performance EV manufacturers, such as Volkswagen, Porsche, Mercedes, and BMW further boost the market growth in this country. For instance, in May 2022, Volkswagen has inaugurated its second manufacturing facility dedicated to the production of electric vehicles (EVs) in Germany. The conversion of the existing Emden facility marks a significant step for Volkswagen, enabling the production of the entire all-electric vehicle lineup, known as ID.4. This strategic move is anticipated to empower Volkswagen to manufacture up to 1.2 million all-electric vehicles annually, all built on the company's MEB electric architecture and powered by lithium-ion batteries to drive their electric motors. These developments play a pivotal role in propelling the growth of the battery market in Germany.

 

Safety Considerations Regarding Battery Usage in Germany

Improper management of batteries has the potential to pose a multitude of hazards to human health and the natural environment. The improper discarding of used or depleted batteries is a common behaviour, leading to their disposal in landfills where they progressively degrade, releasing dangerous materials. As these batteries degrade over time, they release chemical constituents that can permeate the soil, having negative impacts on both surface and groundwater. Consequently, this contamination disrupts the ecosystem, placing aquatic flora and fauna in jeopardy due to exposure to harmful battery components such as mercury, cadmium, lithium, and lead. Consequently, these issues are expected to hinder the growth of the battery market in the region.

Introduction of Nano-Diamond Batteries (NDB) in Multiple Industries

The increasing adoption of Nuclear Diamond Batteries (NDBs) across a range of sectors such as automotive, aerospace, and electronics is poised to unlock new opportunities in the Germany’s battery market. NDBs represent a revolutionary leap in energy generation and storage, fundamentally reshaping the concept of batteries. These batteries exhibit exceptional longevity by tapping into the energy generated from the radioactive decay of nuclear waste. The trajectory of the battery market is being influenced by the compelling features of NDBs, including their compact size, versatility, cost-effectiveness, and scalability across diverse applications, spanning from compact chipsets to large-scale industrial installations. Operating as advanced diamond-based alpha, beta, and neutron voltaic batteries, NDBs provide a continuous supply of clean energy for a wide spectrum of applications, outperforming the capabilities of traditional chemical batteries.

 

Competitive Landscape  

The Germany battery industry includes several market players such as LG Chem Ltd., CATL, Samsung SDI Co. Ltd., BYD, SKI, ENVISION AESC GROUP LTD., Gotion High tech Co Ltd, Primearth EV Energy Co., Ltd., China Aviation Lithium Battery Co., Ltd., Panasonic Corporation.

KEY BENEFITS

  • The Germany battery market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.

  • The competitive analysis of the market players along with their market share in the Germany battery market.

  • The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

GERMANY BATTERY MARKET KEY SEGMENTS

By Type

  • Lead Acid

    • Stationary

    • Motive

  • Lithium Ion

    • Lithium Nickel Manganese Cobalt (LI-NMC)

    • Lithium Iron Phosphate (LFP)

    • Lithium Cobalt Oxide (LCO)

    • Lithium Titanate Oxide (LTO)

    • Lithium Manganese Oxide (LMO)

    • Lithium Nickel Cobalt Aluminum Oxide (NCA)

  • Nickel Metal Hydride

  • Nickel Cadmium

  • Others

By Application

  • Residential

  • Industrial

    • Manufacturing & Construction

    • Automotive

    • Medical

    • Telecom & IT

    • Consumer Electronics

    • Power & Utility

    • Aerospace

    • Marine

    • Others

  • Commercial

By Power Systems

  • Fuel Cell batteries

  • Proton-Exchange Membrane Fuel Cells

  • Alkaline Fuel Cells

  • Phosphoric Acid Fuel Cells

  • Solid Oxide Fuel Cells

  • Molten Carbonate Fuel Cells

  • Air Cells

  • Flywheel Energy Storage

  • Nuclear Batteries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2022

USD 8.22 billion

Revenue Forecast in 2030

USD 26.81 billion

Growth Rate

CAGR of 15.9% from 2023 to 2030

Analysis Period

2022–2030

Base Year Considered

2022

Forecast Period

2023–2030

Market Size Estimation

Billion (USD)

Growth Factors

The growing government incentives 

The adoption of hybrid vehicles

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Test

1      INTRODUCTION

           1.1      REPORT DESCRIPTION

           1.2      RESEARCH METHODOLOGY

                         1.2.1      SECONDARY RESEARCH

                         1.2.2      DATA ANALYSIS FRAMEWORK

                         1.2.3      MARKET SIZE ESTIMATION

                         1.2.4      FORECASTING

                         1.2.5      PRIMARY RESEARCH AND DATA VALIDATION

2      GERMANY BATTERY MARKET BY TYPE

           2.1      OVERVIEW

           2.2      LEAD ACID MARKET

                         2.2.1      STATIONARY

                         2.2.2      MOTIVE

           2.3      LITHIUM ION MARKET

                         2.3.1      LITHIUM NICKEL MANGANESE COBALT (LI-NMC)

                         2.3.2      LITHIUM IRON PHOSPHATE (LFP)

                         2.3.3      LITHIUM COBALT OXIDE (LCO)

                         2.3.4      LITHIUM TITANATE OXIDE (LTO)

                         2.3.5      LITHIUM MANGANESE OXIDE (LMO)

                         2.3.6      LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA)

           2.4      NICKEL METAL HYDRIDE MARKET

           2.5      NICKEL CADMIUM MARKET

           2.6      OTHERS MARKET

3      GERMANY BATTERY MARKET BY APPLICATION

           3.1      OVERVIEW

           3.2      RESIDENTIAL MARKET

           3.3      INDUSTRIAL MARKET

                         3.3.1      MANUFACTURING AND CONSTRUCTION

                         3.3.2      AUTOMOTIVE

                         3.3.3      MEDICAL

                         3.3.4      TELECOM AND IT

                         3.3.5      CONSUMER ELECTRONICS

                         3.3.6      POWER AND UTILITY

                         3.3.7      AEROSPACE

                         3.3.8      MARINE

                         3.3.9      OTHERS

           3.4      COMMERCIAL MARKET

4       GERMANY BATTERY MARKET BY POWER SYSTEMS

           4.1      OVERVIEW

           4.2      FUEL CELL BATTERIES MARKET

           4.3      PROTON-EXCHANGE MEMBRANE FUEL CELLS MARKET

           4.4      ALKALINE FUEL CELLS MARKET

           4.5      PHOSPHORIC ACID FUEL CELLS MARKET

           4.6      SOLID OXIDE FUEL CELLS MARKET

           4.7      MOLTEN CARBONATE FUEL CELLS MARKET

           4.8      AIR CELLS MARKET

           4.9      FLYWHEEL ENERGY STORAGE MARKET

           4.10      NUCLEAR BATTERIES MARKET

5      COMPANY PROFILES

           5.1     LG CHEM LTD.

                         5.1.1     COMPANY OVERVIEW

                         5.1.2     COMPANY SNAPSHOT

                         5.1.3     OPERATING BUSINESS SEGMENTS

                         5.1.4     PRODUCT PORTFOLIO

                         5.1.5     BUSINESS PERFORMANCE

                         5.1.6     BUSINESS SEGMENTS

                         5.1.7     GEOGRAPHIC SEGMENTS

                         5.1.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.1.9     PRIMARY MARKET COMPETITORS

           5.2     CATL

                         5.2.1     COMPANY OVERVIEW

                         5.2.2     COMPANY SNAPSHOT

                         5.2.3     OPERATING BUSINESS SEGMENTS

                         5.2.4     PRODUCT PORTFOLIO

                         5.2.5     BUSINESS PERFORMANCE

                         5.2.6     BUSINESS SEGMENTS

                         5.2.7     GEOGRAPHIC SEGMENTS

                         5.2.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.2.9     PRIMARY MARKET COMPETITORS

           5.3     SAMSUNG SDI CO. LTD.

                         5.3.1     COMPANY OVERVIEW

                         5.3.2     COMPANY SNAPSHOT

                         5.3.3     OPERATING BUSINESS SEGMENTS

                         5.3.4     PRODUCT PORTFOLIO

                         5.3.5     BUSINESS PERFORMANCE

                         5.3.6     BUSINESS SEGMENTS

                         5.3.7     GEOGRAPHIC SEGMENTS

                         5.3.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.3.9     PRIMARY MARKET COMPETITORS

           5.4     BYD

                         5.4.1     COMPANY OVERVIEW

                         5.4.2     COMPANY SNAPSHOT

                         5.4.3     OPERATING BUSINESS SEGMENTS

                         5.4.4     PRODUCT PORTFOLIO

                         5.4.5     BUSINESS PERFORMANCE

                         5.4.6     BUSINESS SEGMENTS

                         5.4.7     GEOGRAPHIC SEGMENTS

                         5.4.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.4.9     PRIMARY MARKET COMPETITORS

           5.5     SK INNOVATION CO. LTD.

                         5.5.1     COMPANY OVERVIEW

                         5.5.2     COMPANY SNAPSHOT

                         5.5.3     OPERATING BUSINESS SEGMENTS

                         5.5.4     PRODUCT PORTFOLIO

                         5.5.5     BUSINESS PERFORMANCE

                         5.5.6     BUSINESS SEGMENTS

                         5.5.7     GEOGRAPHIC SEGMENTS

                         5.5.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.5.9     PRIMARY MARKET COMPETITORS

           5.6     ENVISION AESC GROUP LTD.

                         5.6.1     COMPANY OVERVIEW

                         5.6.2     COMPANY SNAPSHOT

                         5.6.3     OPERATING BUSINESS SEGMENTS

                         5.6.4     PRODUCT PORTFOLIO

                         5.6.5     BUSINESS PERFORMANCE

                         5.6.6     BUSINESS SEGMENTS

                         5.6.7     GEOGRAPHIC SEGMENTS

                         5.6.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.6.9     PRIMARY MARKET COMPETITORS

           5.7     GOTION HIGH TECH CO LTD.

                         5.7.1     COMPANY OVERVIEW

                         5.7.2     COMPANY SNAPSHOT

                         5.7.3     OPERATING BUSINESS SEGMENTS

                         5.7.4     PRODUCT PORTFOLIO

                         5.7.5     BUSINESS PERFORMANCE

                         5.7.6     BUSINESS SEGMENTS

                         5.7.7     GEOGRAPHIC SEGMENTS

                         5.7.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.7.9     PRIMARY MARKET COMPETITORS

           5.8     PRIMEARTH EV ENERGY CO., LTD.

                         5.8.1     COMPANY OVERVIEW

                         5.8.2     COMPANY SNAPSHOT

                         5.8.3     OPERATING BUSINESS SEGMENTS

                         5.8.4     PRODUCT PORTFOLIO

                         5.8.5     BUSINESS PERFORMANCE

                         5.8.6     BUSINESS SEGMENTS

                         5.8.7     GEOGRAPHIC SEGMENTS

                         5.8.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.8.9     PRIMARY MARKET COMPETITORS

           5.9     CHINA AVIATION LITHIUM BATTERY CO., LTD.

                         5.9.1     COMPANY OVERVIEW

                         5.9.2     COMPANY SNAPSHOT

                         5.9.3     OPERATING BUSINESS SEGMENTS

                         5.9.4     PRODUCT PORTFOLIO

                         5.9.5     BUSINESS PERFORMANCE

                         5.9.6     BUSINESS SEGMENTS

                         5.9.7     GEOGRAPHIC SEGMENTS

                         5.9.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.9.9     PRIMARY MARKET COMPETITORS

           5.10     PANASONIC CORPORATION

                         5.10.1     COMPANY OVERVIEW

                         5.10.2     COMPANY SNAPSHOT

                         5.10.3     OPERATING BUSINESS SEGMENTS

                         5.10.4     PRODUCT PORTFOLIO

                         5.10.5     BUSINESS PERFORMANCE

                         5.10.6     BUSINESS SEGMENTS

                         5.10.7     GEOGRAPHIC SEGMENTS

                         5.10.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         5.10.9     PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1. GERMANY BATTERY MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

TABLE 2. GERMANY BATTERY MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

TABLE 3. GERMANY LEAD ACID MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

TABLE 4. GERMANY LEAD ACID MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

TABLE 5. GERMANY LITHIUM ION MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

TABLE 6. GERMANY LITHIUM ION MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

TABLE 7. GERMANY BATTERY MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD

TABLE 8. GERMANY BATTERY MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND  UNITS

TABLE 9. GERMANY INDUSTRIAL MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD

TABLE 10. GERMANY INDUSTRIAL MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND  UNITS

TABLE 11. GERMANY BATTERY MARKET VALUE, BY POWER SYSTEMS, 2021-2030, MILLION USD

TABLE 12. GERMANY BATTERY MARKET VOLUME, BY POWER SYSTEMS, 2021-2030, THOUSAND  UNITS

TABLE 13. CATL: COMPANY SNAPSHOT

TABLE 14. CATL: PRODUCT PORTFOLIO

TABLE 15. CATL: BUSINESS SEGMENT

TABLE 16. CATL: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 17. BYD: COMPANY SNAPSHOT

TABLE 18. BYD: OPERATING SEGMENTS

TABLE 19. BYD: PRODUCT PORTFOLIO

TABLE 20. BYD: BUSINESS SEGMENT

TABLE 21. BYD: GEOGRAPHIC SEGMENT

TABLE 22. BYD: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 23. LG CHEM LTD.: COMPANY SNAPSHOT

TABLE 24. LG CHEM LTD.: PRODUCT PORTFOLIO

TABLE 25. LG CHEM LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 26. SAMSUNG SDI CO. LTD.: COMPANY SNAPSHOT

TABLE 27. SAMSUNG SDI CO. LTD.: OPERATING SEGMENTS

TABLE 28. SAMSUNG SDI CO. LTD.: PRODUCT PORTFOLIO

TABLE 29. SAMSUNG SDI CO. LTD.: SALES BY BUSINESS SEGMENT

TABLE 30. SAMSUNG SDI CO. LTD.: SALES BY GEOGRAPHIC SEGMENT

TABLE 31. SAMSUNG SDI CO. LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 32. SK INNOVATION CO. LTD. (SKI): COMPANY SNAPSHOT

TABLE 33. SK INNOVATION CO. LTD. (SKI): OPERATING SEGMENTS

TABLE 34. SK INNOVATION CO. LTD. (SKI): PRODUCT PORTFOLIO

TABLE 35. SK INNOVATION CO. LTD. (SKI): BUSINESS SEGMENT

TABLE 36. SK INNOVATION CO. LTD. (SKI): GEOGRAPHIC SEGMENT

TABLE 37. SK INNOVATION CO. LTD. (SKI): KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 38. PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT

TABLE 39. PANASONIC HOLDINGS CORPORATION: OPERATING SEGMENTS

TABLE 40. PANASONIC HOLDINGS CORPORATION: PRODUCT PORTFOLIO

TABLE 41. PANASONIC HOLDINGS CORPORATION: BUSINESS SEGMENT

TABLE 42. PANASONIC HOLDINGS CORPORATION: GEOGRAPHIC SEGMENT

TABLE 43. PANASONIC HOLDINGS CORPORATION: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 44. GOTION HIGH TECH CO. LTD.: COMPANY SNAPSHOT

TABLE 45. GOTION HIGH TECH CO. LTD.: PRODUCT PORTFOLIO

TABLE 46. GOTION HIGH TECH CO. LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 47. ENVISION AESC GROUP LTD.: COMPANY SNAPSHOT

TABLE 48. ENVISION AESC GROUP LTD.: PRODUCT PORTFOLIO

TABLE 49. ENVISION AESC GROUP LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 50. PRIMEARTH EV ENERGY CO. LTD.: COMPANY SNAPSHOT

TABLE 51. PRIMEARTH EV ENERGY CO. LTD.: PRODUCT PORTFOLIO

TABLE 52. PRIMEARTH EV ENERGY CO. LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS

TABLE 53. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB): COMPANY SNAPSHOT

TABLE 54. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB): PRODUCT PORTFOLIO

TABLE 55. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB): KEY STRATEGIC MOVES & DEVELOPMENTS

LIST OF FIGURES

FIGURE 1. GERMANY BATTERY MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

FIGURE 2. GERMANY BATTERY MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

FIGURE 3. GERMANY LEAD ACID MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

FIGURE 4. GERMANY LEAD ACID MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

FIGURE 5. GERMANY LITHIUM ION MARKET VALUE, BY TYPE, 2021-2030, MILLION USD

FIGURE 6. GERMANY LITHIUM ION MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND  UNITS

FIGURE 7. GERMANY BATTERY MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD

FIGURE 8. GERMANY BATTERY MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND  UNITS

FIGURE 9. GERMANY INDUSTRIAL MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD

FIGURE 10. GERMANY INDUSTRIAL MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND  UNITS

FIGURE 11. GERMANY BATTERY MARKET VALUE, BY POWER SYSTEMS, 2021-2030, MILLION USD

FIGURE 12. GERMANY BATTERY MARKET VOLUME, BY POWER SYSTEMS, 2021-2030, THOUSAND  UNITS

FIGURE 13. CATL: PRIMARY MARKET COMPETITORS

FIGURE 14. BYD: NET SALES, 2019–2021 ($MILLION)

FIGURE 15. BYD: PRIMARY MARKET COMPETITORS

FIGURE 16. LG CHEM LTD.: NET SALES, 2019–2021 ($MILLION)

FIGURE 17. LG CHEM LTD.: PRIMARY MARKET COMPETITORS

FIGURE 18. SAMSUNG SDI CO. LTD.: NET SALES, 2019–2021 ($MILLION)

FIGURE 19. SAMSUNG SDI CO. LTD.: PRIMARY MARKET COMPETITORS

FIGURE 20. SK INNOVATION CO. LTD. (SKI): NET SALES, 2019–2020 ($MILLION)

FIGURE 21. SK INNOVATION CO. LTD. (SKI): PRIMARY MARKET COMPETITORS

FIGURE 22. PANASONIC HOLDINGS CORPORATION: NET SALES, 2019–2021 ($MILLION)

FIGURE 23. PANASONIC HOLDINGS CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 24. GOTION HIGH TECH CO. LTD.: PRIMARY MARKET COMPETITORS

FIGURE 25. ENVISION AESC GROUP LTD.: PRIMARY MARKET COMPETITORS

FIGURE 26. PRIMEARTH EV ENERGY CO. LTD.: PRIMARY MARKET COMPETITORS

FIGURE 27. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB).: PRIMARY MARKET COMPETITORS

KEY PLAYERS

  • LG Chem Ltd.

  • CATL

  • Samsung SDI Co. Ltd.

  • BYD

  • SKI

  • ENVISION AESC GROUP LTD.

  • Gotion High tech Co Ltd

  • Primearth EV Energy Co., Ltd.

  • China Aviation Lithium Battery Co., Ltd.

  • Panasonic Corporation


Frequently Asked Questions
What will be the worth of Germany battery market by the end of 2030?

According to the report published by the Next Move Consulting, the Germany battery market business is expected to hit at $26.81 billion (USD) by 2030.

What are the leading players in the Germany battery market?

The Germany battery industry includes several market players such as LG Chem Ltd., CATL, Samsung SDI Co. Ltd., BYD, SKI, ENVISION AESC GROUP LTD., Gotion High tech Co Ltd, Primearth EV Energy Co., Ltd., China Aviation Lithium Battery Co., Ltd., Panasonic Corporation.

What are the market segmentations and scope of the study for the Germany battery industry?

The Germany battery market share is segmented on the basis of type, application, and power systems.

What factors are driving to the growth of the Germany battery market?

The factors driving to the growth of the Germany battery market are electrification and clean energy transition, grid stability and resilience, government incentives and regulations, and grid-level energy storage.

What factors are restraining the growth of the Germany battery market?

The factors restraining the growth of the Germany battery market are safety issues and slow charging.