Germany Metal Li-based Battery Casing Market Size & Outlook
Germany metal li-based battery casing market, 2018-2030 (US$M)
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Germany metal li-based battery casing market highlights
- The Germany metal li-based battery casing market generated a revenue of USD 240.4 million in 2023 and is expected to reach USD 823.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 19.2% from 2024 to 2030.
- In terms of segment, rechargeable was the largest revenue generating type in 2023.
- Rechargeable is the most lucrative type segment registering the fastest growth during the forecast period.
Metal li-based battery casing market data book summary
| Market revenue in 2023 | USD 240.4 million |
| Market revenue in 2030 | USD 823.8 million |
| Growth rate | 19.2% (CAGR from 2023 to 2030) |
| Largest segment | Rechargeable |
| Fastest growing segment | Rechargeable |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Primary, Rechargeable |
| Key market players worldwide | Constellium SE Class A, Gestamp Automocion, GF Casting Solutions, Granges AB, Magna International Inc, MINTH Group, NeMaK, Norsk Hydro ASA, Novelis UK, Targray, Thyssenkrupp AG, UACJ |
Other key industry trends
- In terms of revenue, Germany accounted for 5.3% of the global metal li-based battery casing market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany metal li-based battery casing market is projected to lead the regional market in terms of revenue in 2030.
- Poland is the fastest growing regional market in Europe and is projected to reach USD 708.8 million by 2030.
Rechargeable was the largest segment with a revenue share of 88.6% in 2023. Horizon Databook has segmented the Germany metal li-based battery casing market based on primary, rechargeable covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing renewable energy production is a significant driver for the lithium battery market in Germany. According to the IEA, Germany's renewable energy resources primarily wind, solar photovoltaic (PV), and hydro are projected to reach a combined capacity of approximately 150 GW by 2025.
Supportive government regulations, such as the amendment to the Renewable Energy Act in January 2023, aim to expand this capacity to meet ambitious climate targets for 2030, thereby boosting demand for batteries, essential for renewable energy infrastructure, thus promoting metal li-based battery casings consumption.
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Metal Li-based Battery Casing Market Scope
Metal Li-based Battery Casing Market Companies
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Germany metal li-based battery casing market size, by type, 2018-2030 (US$M)
Germany Metal Li-based Battery Casing Market Outlook Share, 2023 & 2030 (US$M)
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