Germany Battery Market Size & Outlook, 2025-2030
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Germany battery market highlights
- The Germany battery market generated a revenue of USD 4,270.8 million in 2024 and is expected to reach USD 14,075.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 22.3% from 2025 to 2030.
- In terms of segment, lithium ion was the largest revenue generating product in 2024.
- Sodium-ion is the most lucrative product segment registering the fastest growth during the forecast period.
Battery market data book summary
| Market revenue in 2024 | USD 4,270.8 million |
| Market revenue in 2030 | USD 14,075.5 million |
| Growth rate | 22.3% (CAGR from 2025 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Sodium-ion |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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, Germany accounted for 3.2% of the global battery market in 2024.
- 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 |
|---|---|---|---|---|
| GS Yuasa Corp | View profile | 17031 | 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8520 | http://www.gs-yuasa.com |
| BYD Co Ltd ADR | View profile | 703504 | No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, China, People's Republic of, 518118 | https://www.byd.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| NEC Corp | View profile | 118527 | 7-1, Shiba 5-chome, Minato-ku, Tokyo, Japan, 108-8001 | https://www.nec.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Germany 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 71.46% in 2024. Horizon Databook has segmented the Germany 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.
In Germany, manufacturing, chemical, metal, mining, cement, and shipyard are a few subcategories that make up the industrial sector. Because of their affordability and widespread use for backup power in these industries, lead-acid batteries are expected to experience significant market growth.
Germany’s battery market is expected to witness reasonable growth over the forecast period owing to the increasing use of lithium-ion batteries in energy storage systems, electric vehicles, and consumer electronics.
Germany is the world’s leading market for developing energy storage systems and renewable energies. Approximately 33% of the electricity consumed in Germany is derived from renewables and this share is expected to reach 80% by 2050.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany battery market , including forecasts for subscribers. This country databook contains high-level insights into Germany battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany battery market size, by product, 2018-2030 (US$M)
Germany Battery Market Outlook Share, 2024 & 2030 (US$M)
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