UK Lithium-Ion Battery Market Overview and Insights:
UK Lithium-Ion Battery Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
What is the Future Market Size of the UK Lithium-Ion Battery Industry and its Yearly Growth Rate?
The UK Lithium-Ion Battery Market size was valued at around USD 19.2 million in 2024 and is projected to reach USD 108.2 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 16.2% during the forecast period, i.e., 2025-30. 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 2025-30.
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Who are the Main Competitors Driving the UK Lithium-Ion Battery Market Forward?
The prominent players essentially operating in the UK Lithium-Ion Battery Market are as follows:
- 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.
- Others
What are the key Drivers Defining the UK Lithium-Ion Battery Market Size?
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 2025-30.
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What is the Segmentation of the UK Lithium-Ion Battery Market?
The UK Lithium-Ion Battery market covered in this report is segmented –
- By Type
- Lithium Cobalt Oxide
- Lithium Manganese Oxide
- Lithium Iron Phosphate
- Lithium Nickel Cobalt Aluminum Oxide
- Lithium Titanate Oxide
- Lithium Nickel Manganese Cobalt
Amongst all types of Lithium-Ion batteries, Lithium Cobalt Oxide (LCO) batteries are used most extensively due to their high specific energy delivered over a relatively long period under low-load applications.
- 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
Key Questions Answered in the Research Report
- What is the predicted UK Lithium-Ion Battery market size and growth rate for the years 2025-30?
- What challenges are restricting the growth of the UK Lithium-Ion Battery market?
- Which segment accounted for the largest market share in the UK Lithium-Ion Battery market?
- Which prominent companies are leading growth in the UK Lithium-Ion Battery market?
- In what formats does Markntel Advisors deliver the concerned report descriptions?
- How long does it take for customers to receive the reports provided by Markntel Advisors?
- Does Markntel Advisors provide customized reports?
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