Germany Battery Market Size & Outlook, 2023-2030
Germany battery market, 2018-2030 (US$M)
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Germany battery market highlights
- The Germany battery market generated a revenue of USD 3,569.1 million in 2023 and is expected to reach USD 14,075.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 21.7% from 2024 to 2030.
- In terms of segment, lithium ion was the largest revenue generating product in 2023.
- Sodium-ion is the most lucrative product segment registering the fastest growth during the forecast period.
Battery market data book summary
| Market revenue in 2023 | USD 3,569.1 million |
| Market revenue in 2030 | USD 14,075.5 million |
| Growth rate | 21.7% (CAGR from 2023 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Sodium-ion |
| 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, Germany accounted for 3.0% 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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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 60% in 2023. 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, 2023 & 2030 (US$M)
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