France Battery Market Size & Outlook, 2023-2030
France battery market, 2018-2030 (US$M)
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France battery market highlights
- The France battery market generated a revenue of USD 2,553.2 million in 2023 and is expected to reach USD 9,445.9 million by 2030.
- The France market is expected to grow at a CAGR of 20.5% from 2024 to 2030.
- In terms of segment, lithium ion was the largest revenue generating product in 2023.
- Flow Battery is the most lucrative product segment registering the fastest growth during the forecast period.
Battery market data book summary
| Market revenue in 2023 | USD 2,553.2 million |
| Market revenue in 2030 | USD 9,445.9 million |
| Growth rate | 20.5% (CAGR from 2023 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Flow Battery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lead Acid, Lithium Ion, Nickel-based, Sodium-ion, Flow Battery, Small Sealed Lead-acid Batteries |
| Key market players worldwide | BYD Co Ltd ADR, GS Yuasa Corp, Hitachi Ltd, Johnson Controls International PLC, LG Chem, NEC Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Toshiba Corporation |
Other key industry trends
- In terms of revenue, France accounted for 2.2% of the global battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK battery market is projected to lead the regional market in terms of revenue in 2030.
- Belgium is the fastest growing regional market in Europe and is projected to reach USD 1,494.7 million by 2030.
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Battery Market Scope
Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 battery market will help companies and investors design strategic landscapes.
Lithium ion was the largest segment with a revenue share of 54.26% in 2023. Horizon Databook has segmented the France battery market based on lead acid, lithium ion, nickel-based, sodium-ion, flow battery, small sealed lead-acid batteries covering the revenue growth of each sub-segment from 2018 to 2030.
France’s battery market is expected to grow at a steady rate on account of the growing demand for energy storage systems coupled with increasing electric vehicle usage in the country. The growing demand for power backups from residential and industrial customers is expected to drive the market over the forecast period.
Similarly, increasing demand for uninterrupted power in the commercial sector is expected to have a positive impact on the UPS market, consequently boosting the demand for lithium-ion batteries. This is expected to have a direct impact on the battery market over the forecast period.
Moreover, local companies are continuously investing in the adoption of several market strategies, resulting in the expansion of market growth in the country. For instance, in October 2022, Bouygues, an engineering group, completed the acquisition of Equans, a multi-technical installations and maintenance service.
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Our clientele includes a mix of battery market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the France battery market , including forecasts for subscribers. This country databook contains high-level insights into France battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France battery market size, by product, 2018-2030 (US$M)
France Battery Market Outlook Share, 2023 & 2030 (US$M)
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