Netherlands Battery Market Size & Outlook, 2023-2030
Netherlands battery market, 2018-2030 (US$M)
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Netherlands battery market highlights
- The Netherlands battery market generated a revenue of USD 522.5 million in 2023 and is expected to reach USD 2,076.0 million by 2030.
- The Netherlands market is expected to grow at a CAGR of 21.8% 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 522.5 million |
| Market revenue in 2030 | USD 2,076.0 million |
| Growth rate | 21.8% (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, Netherlands accounted for 0.4% 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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Netherlands 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 Netherlands 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.
The growing integration of renewable energy Sources: The Advanced Battery Consortium (ALABC), Battery Council International, International Lead Association, Canadian Battery Association (CBA), EPA, Primary Interviews, Grand View Research such as solar and wind, as well as increasing electrification, is expected to boost the demand for power backups to efficiently supply and manage electricity during periods of high demand.
Several policy developments, including the EU TYNDP plan and statements from the Dutch government, indicate a growing recognition of the importance of energy storage and the potential for more enabling measures in the future.
For instance, in February 2024, the Netherlands launched a new subsidy aimed at supporting the domestic production of solar panels, batteries, and electrolyzers. The new climate-neutral economy with subsidized investment in manufacturing (IMKE) is expected to support companies in the Dutch manufacturing industry to produce solar panels, batteries, and electrolyzers for hydrogen production.
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Horizon Databook provides a detailed overview of country-level data and insights on the Netherlands battery market , including forecasts for subscribers. This country databook contains high-level insights into Netherlands battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Netherlands battery market size, by product, 2018-2030 (US$M)
Netherlands Battery Market Outlook Share, 2023 & 2030 (US$M)
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