Future UK Lithium-Ion Battery Market: Key Dynamics, Size & Share Analysis
The UK Lithium-Ion Battery Marketsize was valued at around USD 19.2 million in 2024 and is projected to reach USD 108.2 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 16.2% during the forecast period, i.e., 2025-30. The growth of the market is driven principally due to the various government initiatives toward electrification of the transportation sector to curb carbon emissions.
Top Market Challenges Impacting the UK Lithium-Ion Battery Market Growth
Safety Concerns Related to the Transportation & Storage of Lithium-Ion Batteries – Transportation, storage, & safety issues associated with used lithium-ion batteries are the major factors that can hamper the growth of the Lithium-Ion Battery Market in the UK. The battery includes hazardous chemicals & heavy metals, which is why they must be stored safely in water-tight containers and kept away from flammable materials to avoid any fire incidence. Lithium-Ion batteries pose excellent performance, owing to which they are used extensively in electronics items & Electric Vehicles (EVs). However, frequent explosions & fires limit their further applications.
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Understanding the Core Segments in the UK Lithium-Ion Battery Market
UK Lithium-Ion Battery Market Size, Share & Industry Trends Analysis- By Type (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate, Lithium Nickel Cobalt Aluminum Oxide, Lithium Titanate Oxide, Lithium Nickel Manganese Cobalt), By Application (Consumer Electronics, Industrial, Automotive), By Voltage (Low (upto 12V), Medium (13V to 35V), High (More Than 35V)), By Power Capacity (Less Than 3,000 mAh, 3,000 to 10,000 mAh, 10,000 to 50,000 mAh, 50,000 mAh & Above), and others.
Geographical Analysis of the UK Lithium-Ion Battery Market
- England
- Scotland
- Wales
- Northern Ireland
England captured the largest market share in the UK Lithium-Ion Battery Market, principally due to the surging adoption of Lithium-Ion batteries in automobiles since the transportation sector is the largest source of carbon emissions in England.
Who Dominates the UK Lithium-Ion Battery Market Insights on Key Industry Players?
Companies are strengthening their presence in the UK Lithium-Ion Battery market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Murata Electronics
- Samsung SDI Co. Ltd.
- Panasonic Industry Europe GmbH
- Envision AESC Group Ltd.
- BYD Co. Ltd.
- Exide Technologies
- GS Yuasa Battery Europe Ltd
- Johnson Matthey Battery Systems
- LG Chem Europe GmbH
- Saft Groupe S.A.
- Others
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