Italy Lithium-ion Battery Market Size & Outlook, 2023-2030
Italy lithium-ion battery market, 2018-2030 (US$M)
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Italy lithium-ion battery market highlights
- The Italy lithium-ion battery market generated a revenue of USD 7.7 million in 2023 and is expected to reach USD 45.1 million by 2030.
- The Italy market is expected to grow at a CAGR of 28.7% from 2024 to 2030.
- In terms of segment, lithium cobalt oxide (lco) was the largest revenue generating product in 2023.
- Lithium Iron Phosphate (LiFePO4) is the most lucrative product segment registering the fastest growth during the forecast period.
Lithium-ion battery market data book summary
| Market revenue in 2023 | USD 7.7 million |
| Market revenue in 2030 | USD 45.1 million |
| Growth rate | 28.7% (CAGR from 2023 to 2030) |
| Largest segment | Lithium cobalt oxide (lco) |
| Fastest growing segment | Lithium Iron Phosphate (LiFePO4) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LiFePO4), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), Lithium Nickel Manganese Cobalt (NMC) |
| Key market players worldwide | BYD Co Ltd ADR, Hitachi Ltd, Johnson Controls International PLC, LG Chem, Panasonic Holdings Corp, Samsung SDI Co Ltd GDR - 144A, Toshiba Tec Corp ADR, GS Yuasa Corp |
Other key industry trends
- In terms of revenue, Italy accounted for 1.6% of the global lithium-ion battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany lithium-ion battery market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 60.4 million by 2030.
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Lithium-ion Battery Market Scope
Lithium-ion Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy lithium-ion 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 lithium-ion battery market will help companies and investors design strategic landscapes.
Lithium cobalt oxide (lco) was the largest segment with a revenue share of 31.17% in 2023. Horizon Databook has segmented the Italy lithium-ion battery market based on lithium cobalt oxide (lco), lithium iron phosphate (lifepo4), lithium nickel cobalt aluminum oxide (nca), lithium manganese oxide (lmo), lithium titanate (lto), lithium nickel manganese cobalt (nmc) covering the revenue growth of each sub-segment from 2018 to 2030.
Italy is committed to making use of 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 sources.
The commencement of “: Action Plan Construction 2020” is anticipated to augment the growth of the construction sector in the country. Efficiency improvements in existing architecture and renovations have the highest potential to stimulate demand for lithium-ion batteries.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy lithium-ion battery market , including forecasts for subscribers. This country databook contains high-level insights into Italy lithium-ion battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy lithium-ion battery market size, by product, 2018-2030 (US$M)
Italy Lithium-ion Battery Market Outlook Share, 2023 & 2030 (US$M)
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