Italy Battery Market Size & Outlook, 2023-2030
Italy battery market, 2018-2030 (US$M)
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Italy battery market highlights
- The Italy battery market generated a revenue of USD 2,195.8 million in 2023 and is expected to reach USD 8,207.2 million by 2030.
- The Italy market is expected to grow at a CAGR of 20.7% 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 2,195.8 million |
| Market revenue in 2030 | USD 8,207.2 million |
| Growth rate | 20.7% (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, Italy accounted for 1.9% 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 |
|---|
Italy 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 61.43% in 2023. Horizon Databook has segmented the Italy 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.
Italy is committed to using renewable Sources for energy storage. This is evident from the fact that nearly two-thirds of the country’s energy storage capacity including lithium-ion batteries is completely dedicated to renewable energy Efficiency improvements in existing buildings and renovations have the highest potential to stimulate demand for lithium-ion batteries.
In addition, technology improvements in battery and components manufacturing are expected to augment the demand for power backup solutions. The planning of various infrastructure projects in the region for railways, hospitals, schools, and airports is also expected to boost product demand over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy battery market , including forecasts for subscribers. This country databook contains high-level insights into Italy battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy battery market size, by product, 2018-2030 (US$M)
Italy Battery Market Outlook Share, 2023 & 2030 (US$M)
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