Europe Battery Management System Market Size & Outlook

The battery management system market in Europe is expected to reach a projected revenue of US$ 8,460.2 million by 2030. A compound annual growth rate of 22% is expected of Europe battery management system market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,106.7
Forecast, 2030 (US$M)
$8,460.2
CAGR, 2024 - 2030
22%
Report Coverage
Europe

Europe battery management system market highlights

  • The Europe battery management system market generated a revenue of USD 2,106.7 million in 2023.
  • The market is expected to grow at a CAGR of 22% from 2024 to 2030.
  • In terms of segment, lead-acid based was the largest revenue generating battery type in 2023.
  • Lithium-Ion Based is the most lucrative battery type segment registering the fastest growth during the forecast period.
  • Country-wise, Netherlands is expected to register the highest CAGR from 2024 to 2030.

Europe data book summary

Market revenue in 2023USD 2,106.7 million
Market revenue in 2030USD 8,460.2 million
Growth rate22% (CAGR from 2023 to 2030)
Largest segmentLead-acid based
Fastest growing segmentLithium-Ion Based
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLithium-Ion Based, Lead-Acid Based, Nickel Based, Flow Batteries
Key market players worldwideJohnson Matthey PLC, Analog Devices Inc, NXP Semiconductors NV, Nuvation Bio Inc Ordinary Shares - Class A, Texas Instruments Inc, Leclanche SA, Infineon Technologies AG

Other key industry trends

  • In terms of revenue, Europe region accounted for 29.3% of the global battery management system market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 9,390.9 million by 2030.

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Battery Management System Market Scope

Battery management system market segmentation & scope
Lithium-Ion Based
Lead-Acid Based
Nickel Based
Flow Batteries
Centralized
Distributed
Modular
Automotive
Consumer Electronics
Energy
Defense

Battery Management System Market Companies

Name Profile # Employees HQ Website

Europe battery management system 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 battery management system market will help companies and investors design strategic landscapes.


Lead-acid based was the largest segment with a revenue share of 45.04% in 2023. Horizon Databook has segmented the Europe battery management system market based on lithium-ion based, lead-acid based, nickel based, flow batteries covering the revenue growth of each sub-segment from 2017 to 2030.


  • Europe Battery Management System Battery Type Outlook (Revenue, USD Million, 2017-2030)
    • Lithium-Ion Based
    • Lead-Acid Based
    • Nickel Based
    • Flow Batteries
  • Europe Battery Management System Topolgy Outlook (Revenue, USD Million, 2017-2030)
    • Centralized
    • Distributed
    • Modular
  • Europe Battery Management System Application Outlook (Revenue, USD Million, 2017-2030)
    • Automotive
    • Consumer Electronics
    • Energy
    • Defense

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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe battery management system market , including forecasts for subscribers. This continent databook contains high-level insights into Europe battery management system market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Europe battery management system market size, by country, 2017-2030 (US$M)

Europe Battery Management System Market Outlook Share, 2023 & 2030 (US$M)

Europe battery management system market size, by country, 2017-2030 (US$M)

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