Germany Advanced Battery Market Size & Outlook, 2019-2027

The advanced battery market in Germany is expected to reach a projected revenue of US$ 3,762.8 million by 2027. A compound annual growth rate of 7.3% is expected of Germany advanced battery market from 2020 to 2027.
Revenue, 2019 (US$M)
$2,133.6
Forecast, 2027 (US$M)
$3,762.8
CAGR, 2020 - 2027
7.3%
Report Coverage
Germany

Germany advanced battery market highlights

  • The Germany advanced battery market generated a revenue of USD 2,133.6 million in 2019 and is expected to reach USD 3,762.8 million by 2027.
  • The Germany market is expected to grow at a CAGR of 7.3% from 2020 to 2027.
  • In terms of segment, lithium ion polymer battery was the largest revenue generating product in 2019.
  • Sodium Sulfur Battery is the most lucrative product segment registering the fastest growth during the forecast period.


Advanced battery market data book summary

Market revenue in 2019USD 2,133.6 million
Market revenue in 2027USD 3,762.8 million
Growth rate7.3% (CAGR from 2019 to 2027)
Largest segmentLithium ion polymer battery
Fastest growing segmentSodium Sulfur Battery
Historical data2016 - 2018
Base year2019
Forecast period2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationLithium Ion Polymer Battery, Sodium Sulfur Battery, Sodium Metal Halide Battery, Advanced Lead Acid Battery, Smart Nano Battery
Key market players worldwideGS Yuasa Corp, Thermo Fisher Scientific Inc, PolyPlus Battery Company, Oxis Energy, Samsung SDI Co Ltd GDR - 144A


Other key industry trends

  • In terms of revenue, Germany accounted for 3.2% of the global advanced battery market in 2019.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
  • In Europe, Russia advanced battery market is projected to lead the regional market in terms of revenue in 2027.
  • Russia is the fastest growing regional market in Europe and is projected to reach USD 7,161.4 million by 2027.

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Advanced Battery Market Companies

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Germany advanced battery market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced battery market will help companies and investors design strategic landscapes.


Lithium ion polymer battery was the largest segment with a revenue share of 17.85% in 2019. Horizon Databook has segmented the Germany advanced battery market based on lithium ion polymer battery, sodium sulfur battery, sodium metal halide battery, advanced lead acid battery, smart nano battery covering the revenue growth of each sub-segment from 2016 to 2027.


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Horizon Databook provides a detailed overview of country-level data and insights on the Germany advanced battery market , including forecasts for subscribers. This country databook contains high-level insights into Germany advanced battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Germany advanced battery market size, by product, 2016-2027 (US$M)

Germany Advanced Battery Market Outlook Share, 2019 & 2027 (US$M)

Germany advanced battery market size, by product, 2016-2027 (US$M)

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