UK Lithium-Ion Battery Market Outlook for 2021-26
Markntel Advisors has conducted a comprehensive study on the UK Lithium-Ion Battery Market is anticipated to grow at around 15% CAGR during the forecast period, i.e., 2021-26. The growth of the market is driven principally due to the various government initiatives toward electrification of the transportation sector to curb carbon emissions. The automotive industry is the primary end-user of Lithium-Ion batteries in the United Kingdom. Besides, the mounting demand for Plug-in Hybrid Electric Vehicles (PHEVs) and the surging number of EV charging points is another crucial aspect projected to boost the market during 2021-26.
In addition, the UK Lithium-Ion Battery Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Key Driver: Burgeoning Adoption of Electric Vehicles
Lithium-Ion batteries are used widely as a power source for electric vehicles, the adoption of which is rapidly increasing to attain a long-term transition to a low-carbon economy in the country. EVs run on lithium-ion batteries that help reduce the Green House Gases (GHG) and air pollutants, which emit from road transportation. Hence, the increasing inclination toward EVs is expected to significantly increase the demand for Lithium-ion batteries and, in turn, would drive the overall market during 2021-26.
UK Lithium-Ion Battery Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the UK Lithium-Ion Battery Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Type
-Lithium Cobalt Oxide
-Lithium Manganese Oxide
-Lithium Iron Phosphate
-Lithium Nickel Cobalt Aluminum Oxide
-Lithium Titanate Oxide
-Lithium Nickel Manganese Cobalt
-By Application
-Consumer Electronics
-Industrial
-Automotive
-By Voltage
-Low (upto 12V)
-Medium (13V to 35V)
-High (More Than 35V)
-By Power Capacity
-Less Than 3,000 mAh
-3,000 to 10,000 mAh
-10,000 to 50,000 mAh
-50,000 mAh & Above
-By Region
-England
-Scotland
-Wales
-Northern Ireland
Each sections offer valuable insights into the UK Lithium-Ion Battery Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the UK Lithium-Ion Battery Industry
-Murata Electronics
-Samsung SDI Co. Ltd.
-Panasonic Industry Europe GmbH
-Envision AESC Group Ltd.
-BYD Co. Ltd.
-Exide Technologies
-GS Yuasa Battery Europe Ltd
-Johnson Matthey Battery Systems
-LG Chem Europe GmbH
-Saft Groupe S.A.
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UK Lithium-Ion Battery Market Research Report Answers the Following Key Questions
- How big is the UK Lithium-Ion Battery Market?
- What is the projected growth rate or CAGR of the UK Lithium-Ion Battery Market during 2021-26?
- What are the key trends or growth opportunities for the key players in the UK Lithium-Ion Battery Market?
- Which ‘segment’ seems promising for companies operating in the UK Lithium-Ion Battery Market?
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