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Europe LFP Battery Pack Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Europe LFP Battery Pack Market is segmented by Body Type (Bus, LCV, M&HDT, Passenger Car), by Propulsion Type (BEV, PHEV), by Capacity (15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh), by Battery Form (Cylindrical, Pouch, Prismatic), by Method (Laser, Wire), by Component (Anode, Cathode, Electrolyte, Separator), by Material Type (Cobalt, Lithium, Manganese, Natural Graphite, Nickel) and by Country (France, Germany, Hungary, Italy, Poland, Sweden, UK, Rest-of-Europe). Market Size is represented by the total volume of EV battery packs sold, measured in kilowatt-hours (kWh), along with the Market Value in USD. Key data points observed include the total energy capacity of battery packs sold, expressed in kilowatt-hours (kWh), segmented by battery chemistry, the capacity range of each battery pack, and the specific application or vehicle type associated with each battery chemistry segment.

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Europe LFP Battery Pack Market Size

Europe LFP Battery Pack Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 2.07 Billion
svg icon Market Size (2029) USD 4.39 Billion
svg icon Largest Share by Propulsion Type BEV
svg icon CAGR (2024 - 2029) 16.24 %
svg icon Largest Share by Country Poland
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Europe LFP Battery Pack Market Analysis

The Europe LFP Battery Pack Market size is estimated at 2.07 billion USD in 2024, and is expected to reach 4.39 billion USD by 2029, growing at a CAGR of 16.24% during the forecast period (2024-2029).

2.07 Billion

Market Size in 2024 (USD)

4.39 Billion

Market Size in 2029 (USD)

92.71 %

CAGR (2019-2023)

16.24 %

CAGR (2024-2029)

Largest Segment by Body Type

93.44 %

value share, Passenger Car, 2023

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The adoption of LFP batteries in electric passenger cars is driven by their high energy density, improved safety features, and longer lifespan.

Largest Segment by Propulsion Type

86.07 %

value share, BEV, 2023

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BEVs powered by LFP battery packs are gaining traction in the European market, offering efficient and cost-effective electric transportation.

Largest Segment by Battery Form

46.62 %

value share, Pouch, 2023

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Their versatile design allows for easy integration into various vehicle platforms, contributing to the expansion of the LFP battery pack market in Europe.

Leading Market Player

40 %

market share, BYD Company Ltd., 2022

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The company has battery plants in Europe, Asia, and the US. BYD's batteries are used in a variety of electric vehicles, including the BYD e6 and the BYD Han EV.

Largest Segment by Capacity

46.91 %

value share, 40 kWh to 80 kWh, 2023

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The 40 kWh to 80 kWh battery capacity range strikes a balance between cost-effectiveness and sufficient driving range, making it appealing to a wide range of consumers.

The European LFP battery pack market is expected to witness strong growth on the back of BEV adoption

  • The adoption and sales of LFP battery packs in Europe have seen a significant growth trajectory. According to a report by ResearchAndMarkets, the market for LFP battery packs in Europe is expected to reach USD 13.5 billion by 2026, with a CAGR of 14.1% from 2021 to 2026. The growth can be attributed to the increasing demand for electric vehicles and the need for reliable, high-performance, and affordable battery solutions.
  • The increasing demand for LFP battery packs in Europe is due to their several benefits, including higher safety levels, longer life cycles, and lower cost compared to other types of battery packs. With advancements in battery technology, the density and range of LFP battery packs have been increasing, providing longer ranges and improving the overall performance of electric vehicles. The cost of LFP battery packs has also been decreasing, making them more accessible to consumers and boosting their adoption in the market.
  • Due to substantial expenditures being made in the study and development of battery technologies, the LFP battery pack industry in Europe has a bright future. The main goals are to further enhance the performance, decrease the weight, and boost the energy density of LFP battery packs. LFP battery packs will become even more competitive on the market and, as a result of this, help to lower their price. During the anticipated period of 2023-2029, demand for LFP battery packs is anticipated to increase in Europe as a result of the growing adoption of electric cars and the desire for sustainable energy solutions.
Europe LFP Battery Pack Market

Germany emerges as a key player in the European LFP battery pack market with remarkable growth

  • The European electric vehicle LFP battery pack market is a dynamic and growing market. The market is expected to continue to grow in the coming years, driven by the increasing adoption of EVs and the declining cost of battery packs. In addition to the factors mentioned above, several other factors are expected to drive the growth of the European electric vehicle battery pack market in the coming years.
  • Germany stands out as a leading player in the market, with a remarkable increase in value over the years. This growth can be attributed to various factors, such as government support for electric vehicles, rising consumer demand for EVs, and advancements in battery technology. Germany's robust automotive industry, combined with substantial investments by major automakers in electric vehicle production, has significantly contributed to the surge in demand for battery packs.
  • France, another prominent European country, has witnessed notable growth in the battery pack market. France's commitment to promoting the adoption of electric vehicles through favorable policies and incentives has played a significant role in driving the growth of the battery pack market. Italy, while exhibiting slower growth compared to Germany and France, has still experienced an upward trend in the battery pack market. Factors such as increasing consumer awareness of electric vehicles, government incentives, and technological advancements have contributed to the market's growth in Italy. As the demand for electric vehicles continues to rise, battery packs are expected to play a crucial role in supporting the transition toward sustainable mobility in Italy.

Europe LFP Battery Pack Market Trends

TOYOTA GROUP LEADS THE EUROPEAN EV MARKET, FOLLOWED BY RENAULT, TESLA, KIA, AND BMW

  • The market for electric vehicles in various European countries is growing significantly, with numerous players operating, but it is largely driven by five major companies, which held more than 50% of the market in 2022. These companies include Toyota Group, Kia, Renault, Tesla, Kia, and Volkswagen. Toyota Group is the largest seller of electric vehicles in Europe, accounting for around 14.84% share of the electric car market. The company has a strong supply and distribution network catering to the demand and supply of customers in various European countries. The company has a wide product portfolio offering in the EV market.
  • Renault holds a market share of around 7.47%, making it the second-largest seller of electric vehicles across Europe. The company has a good brand image and a strong financial position. The company has alliances and strategic partnerships with good brands such as Nissan. The 3rd highest market share, 6.71%, for electric vehicle sales was recorded by Tesla. The business focuses on cutting-edge innovations and has solid strategic alliances with producers of several EV parts, including batteries.
  • The 4th largest place in European EV sales is Kia, accounting for around 6.26% of the market share. The company has wide product offerings for various types of customers with various budget-friendly options compared to other brands. The 5th largest player operating in the European EV market is BMW, maintaining its market share at around 6.14%. Some of the other players selling EVs in various European countries include Hyundai, Mercedes-Benz, BMW, Audi, and Ford.
Europe LFP Battery Pack Market

Tesla and Renault are the largest contributors to the demand for battery packs, as a result of the widespread sale of EVs in Europe in 2022

  • The demand for electric vehicles has dramatically increased during the past several years in every part of Europe. Electric vehicles are now more prevalent on European roadways. Although consumer interest in buying electric vehicles varies by area and by country, SUVs are the most popular type of electric vehicle in Germany and the United Kingdom, the region's two biggest markets for electric vehicles. The demand for electric SUVs is outpacing that for sedans in various European countries due to the increased interest in comfortable transportation and the fact that SUVs are roomier than sedans.
  • The number of compact SUVs purchased by consumers has increased dramatically across Europe. The Tesla Model Y offers a fully electric motor, a 5-star NCAP safety certification, spacious seating for up to 7 passengers, a long-range, and other features. It became one of the most popular models in several major European markets, including the United Kingdom and Germany, in 2022. The Renault Arkana provides a full hybrid engine, which has received a strong sales reaction from customers in several European nations like France due to its fuel efficiency and competitive pricing.
  • Captur was one of the best sellers from Renault in the European countries in 2022, owing to its offering of a hybrid and a plug-in hybrid powertrain, and is packed with lots of features attracting buyers. The European EV market also features a variety of electric SUVs and sedans from various international brands. One of the common cars is the Toyota Yaris and Ford Kuga, which recorded good sales in 2022. Other cars in the European EV market that are in the competition include the Fiat 500 and Toyota Yaris Cross.
Europe LFP Battery Pack Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • ENVIRONMENTAL CONCERNS, GOVERNMENT SUPPORT, AND DECARBONIZATION GOALS FUEL EUROPEAN ELECTRIC VEHICLE DEMAND AND SALES
  • DECLINING BATTERY PRICES AND GOVERNMENT INITIATIVES DRIVE DEMAND FOR ELECTRIC VEHICLES IN EUROPE
  • Technological innovations, production efficiency, and competition are expected to continue exerting downward pressure on lithium-ion battery prices in Europe
  • RISING SALES AND GOVERNMENT INITIATIVES SIGNAL A ROBUST GROWTH IN THE EUROPEAN ELECTRIC VEHICLE SECTOR
  • GROWTH IN THE DEMAND FOR VARIOUS BATTERY CHEMISTRIES ACROSS VARIOUS EUROPEAN COUNTRIES
  • DEMAND FOR BATTERY MATERIALS AND EVOLVING BATTERY CHEMISTRIES INCREASES AS EUROPE'S ELECTRIC VEHICLE MARKET GROWS
  • SALES OF ELECTRIC VEHICLES IN EUROPE HAVE BEEN ON THE RISE DUE TO DEVELOPMENTS IN BATTERY TECHNOLOGY

Europe LFP Battery Pack Industry Overview

The Europe LFP Battery Pack Market is fragmented, with the top five companies occupying 35.91%. The major players in this market are BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), Prime Planet Energy & Solutions Inc., SK Innovation Co. Ltd. and Vehicle Energy Japan Inc. (sorted alphabetically).

Europe LFP Battery Pack Market Leaders

  1. BYD Company Ltd.

  2. Contemporary Amperex Technology Co. Ltd. (CATL)

  3. Prime Planet Energy & Solutions Inc.

  4. SK Innovation Co. Ltd.

  5. Vehicle Energy Japan Inc.

Europe LFP Battery Pack Market Concentration

Other important companies include BMZ Batterien-Montage-Zentrum GmbH, LG Energy Solution Ltd., NorthVolt AB, Panasonic Holdings Corporation, SAIC Volkswagen Power Battery Co. Ltd., Samsung SDI Co. Ltd., SVOLT Energy Technology Co. Ltd. (SVOLT), TOSHIBA Corp..

*Disclaimer: Major Players sorted in alphabetical order.

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Our comprehensive data set offers over 120 free charts, providing detailed regional and country-level insights into the EV battery pack industry. This includes analyses of distribution and production centers, variations in average selling prices (ASPs) across different regions, and a deep dive into industry trends like demand shifts and technological innovations. We also offer a thorough market segmentation, examining different battery chemistries, capacities, and form factors, alongside an in-depth understanding of market trends such as the adoption of advanced technologies and the impact of environmental regulations. Additionally, we provide an overview of major industry players, a look at the regulatory landscape, and market size analysis in terms of revenue and volume, all culminating in projections and forecasts that consider emerging trends and potential industry shifts.

Europe LFP Battery Pack Market
Europe LFP Battery Pack Market
Europe LFP Battery Pack Market
Europe LFP Battery Pack Market

Europe LFP Battery Pack Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Electric Vehicle Sales

    2. 4.2 Electric Vehicle Sales By OEMs

    3. 4.3 Best-selling EV Models

    4. 4.4 OEMs With Preferable Battery Chemistry

    5. 4.5 Battery Pack Price

    6. 4.6 Battery Material Cost

    7. 4.7 Price Chart Of Different Battery Chemistry

    8. 4.8 Who Supply Whom

    9. 4.9 EV Battery Capacity And Efficiency

    10. 4.10 Number Of EV Models Launched

    11. 4.11 Regulatory Framework

      1. 4.11.1 Belgium

      2. 4.11.2 France

      3. 4.11.3 Germany

      4. 4.11.4 Hungary

      5. 4.11.5 Poland

      6. 4.11.6 UK

    12. 4.12 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 5.1 Body Type

      1. 5.1.1 Bus

      2. 5.1.2 LCV

      3. 5.1.3 M&HDT

      4. 5.1.4 Passenger Car

    2. 5.2 Propulsion Type

      1. 5.2.1 BEV

      2. 5.2.2 PHEV

    3. 5.3 Capacity

      1. 5.3.1 15 kWh to 40 kWh

      2. 5.3.2 40 kWh to 80 kWh

      3. 5.3.3 Above 80 kWh

      4. 5.3.4 Less than 15 kWh

    4. 5.4 Battery Form

      1. 5.4.1 Cylindrical

      2. 5.4.2 Pouch

      3. 5.4.3 Prismatic

    5. 5.5 Method

      1. 5.5.1 Laser

      2. 5.5.2 Wire

    6. 5.6 Component

      1. 5.6.1 Anode

      2. 5.6.2 Cathode

      3. 5.6.3 Electrolyte

      4. 5.6.4 Separator

    7. 5.7 Material Type

      1. 5.7.1 Cobalt

      2. 5.7.2 Lithium

      3. 5.7.3 Manganese

      4. 5.7.4 Natural Graphite

      5. 5.7.5 Nickel

      6. 5.7.6 Other Materials

    8. 5.8 Country

      1. 5.8.1 France

      2. 5.8.2 Germany

      3. 5.8.3 Hungary

      4. 5.8.4 Italy

      5. 5.8.5 Poland

      6. 5.8.6 Sweden

      7. 5.8.7 UK

      8. 5.8.8 Rest-of-Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles

      1. 6.4.1 BMZ Batterien-Montage-Zentrum GmbH

      2. 6.4.2 BYD Company Ltd.

      3. 6.4.3 Contemporary Amperex Technology Co. Ltd. (CATL)

      4. 6.4.4 LG Energy Solution Ltd.

      5. 6.4.5 NorthVolt AB

      6. 6.4.6 Panasonic Holdings Corporation

      7. 6.4.7 Prime Planet Energy & Solutions Inc.

      8. 6.4.8 SAIC Volkswagen Power Battery Co. Ltd.

      9. 6.4.9 Samsung SDI Co. Ltd.

      10. 6.4.10 SK Innovation Co. Ltd.

      11. 6.4.11 SVOLT Energy Technology Co. Ltd. (SVOLT)

      12. 6.4.12 TOSHIBA Corp.

      13. 6.4.13 Vehicle Energy Japan Inc.

  7. 7. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, EUROPE, 2017 - 2029
  1. Figure 2:  
  2. ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, EUROPE, 2023
  1. Figure 3:  
  2. ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, EUROPE, 2023
  1. Figure 4:  
  2. BEST-SELLING EV MODELS, UNITS, EUROPE, 2023
  1. Figure 5:  
  2. OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, EUROPE, 2023
  1. Figure 6:  
  2. ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, EUROPE, 2017 - 2029
  1. Figure 7:  
  2. ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, EUROPE, 2017 - 2029
  1. Figure 8:  
  2. ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, EUROPE, 2017 - 2029
  1. Figure 9:  
  2. EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, EUROPE, 2023
  1. Figure 10:  
  2. UPCOMING EV MODELS, BY BODY TYPE, UNITS, EUROPE, 2023
  1. Figure 11:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, KWH, EUROPE, 2017 - 2029
  1. Figure 12:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, USD, EUROPE, 2017 - 2029
  1. Figure 13:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY BODY TYPE, KWH, EUROPE, 2017 - 2029
  1. Figure 14:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY BODY TYPE, USD, EUROPE, 2017 - 2029
  1. Figure 15:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), EUROPE, 2022 & 2029
  1. Figure 16:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2022 & 2029
  1. Figure 17:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY BUS, KWH, EUROPE, 2017 - 2029
  1. Figure 18:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY BUS, USD, EUROPE, 2017 - 2029
  1. Figure 19:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 20:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY LCV, KWH, EUROPE, 2017 - 2029
  1. Figure 21:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY LCV, USD, EUROPE, 2017 - 2029
  1. Figure 22:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 23:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY M&HDT, KWH, EUROPE, 2017 - 2029
  1. Figure 24:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY M&HDT, USD, EUROPE, 2017 - 2029
  1. Figure 25:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 26:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY PASSENGER CAR, KWH, EUROPE, 2017 - 2029
  1. Figure 27:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY PASSENGER CAR, USD, EUROPE, 2017 - 2029
  1. Figure 28:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 29:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, EUROPE, 2017 - 2029
  1. Figure 30:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY PROPULSION TYPE, USD, EUROPE, 2017 - 2029
  1. Figure 31:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), EUROPE, 2022 & 2029
  1. Figure 32:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), EUROPE, 2022 & 2029
  1. Figure 33:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY BEV, KWH, EUROPE, 2017 - 2029
  1. Figure 34:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY BEV, USD, EUROPE, 2017 - 2029
  1. Figure 35:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 36:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY PHEV, KWH, EUROPE, 2017 - 2029
  1. Figure 37:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY PHEV, USD, EUROPE, 2017 - 2029
  1. Figure 38:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 39:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY CAPACITY, KWH, EUROPE, 2017 - 2029
  1. Figure 40:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY CAPACITY, USD, EUROPE, 2017 - 2029
  1. Figure 41:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), EUROPE, 2022 & 2029
  1. Figure 42:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), EUROPE, 2022 & 2029
  1. Figure 43:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, EUROPE, 2017 - 2029
  1. Figure 44:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, EUROPE, 2017 - 2029
  1. Figure 45:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 46:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, EUROPE, 2017 - 2029
  1. Figure 47:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, EUROPE, 2017 - 2029
  1. Figure 48:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 49:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, EUROPE, 2017 - 2029
  1. Figure 50:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, EUROPE, 2017 - 2029
  1. Figure 51:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 52:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, EUROPE, 2017 - 2029
  1. Figure 53:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, EUROPE, 2017 - 2029
  1. Figure 54:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 55:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY BATTERY FORM, KWH, EUROPE, 2017 - 2029
  1. Figure 56:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY BATTERY FORM, USD, EUROPE, 2017 - 2029
  1. Figure 57:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), EUROPE, 2022 & 2029
  1. Figure 58:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), EUROPE, 2022 & 2029
  1. Figure 59:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY CYLINDRICAL, KWH, EUROPE, 2017 - 2029
  1. Figure 60:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY CYLINDRICAL, USD, EUROPE, 2017 - 2029
  1. Figure 61:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 62:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY POUCH, KWH, EUROPE, 2017 - 2029
  1. Figure 63:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY POUCH, USD, EUROPE, 2017 - 2029
  1. Figure 64:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 65:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY PRISMATIC, KWH, EUROPE, 2017 - 2029
  1. Figure 66:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY PRISMATIC, USD, EUROPE, 2017 - 2029
  1. Figure 67:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 68:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY METHOD, KWH, EUROPE, 2017 - 2029
  1. Figure 69:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY METHOD, USD, EUROPE, 2017 - 2029
  1. Figure 70:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), EUROPE, 2022 & 2029
  1. Figure 71:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, METHOD, VALUE SHARE (%), EUROPE, 2022 & 2029
  1. Figure 72:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY LASER, KWH, EUROPE, 2017 - 2029
  1. Figure 73:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY LASER, USD, EUROPE, 2017 - 2029
  1. Figure 74:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 75:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY WIRE, KWH, EUROPE, 2017 - 2029
  1. Figure 76:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY WIRE, USD, EUROPE, 2017 - 2029
  1. Figure 77:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 78:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY COMPONENT, UNITS, EUROPE, 2017 - 2029
  1. Figure 79:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY COMPONENT, USD, EUROPE, 2017 - 2029
  1. Figure 80:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), EUROPE, 2022 & 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), EUROPE, 2022 & 2029
  1. Figure 82:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY ANODE, UNITS, EUROPE, 2017 - 2029
  1. Figure 83:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY ANODE, USD, EUROPE, 2017 - 2029
  1. Figure 84:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 85:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY CATHODE, UNITS, EUROPE, 2017 - 2029
  1. Figure 86:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY CATHODE, USD, EUROPE, 2017 - 2029
  1. Figure 87:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 88:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY ELECTROLYTE, USD, EUROPE, 2017 - 2029
  1. Figure 90:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY SEPARATOR, UNITS, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY SEPARATOR, USD, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 94:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY MATERIAL TYPE, KG, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY MATERIAL TYPE, USD, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), EUROPE, 2022 & 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), EUROPE, 2022 & 2029
  1. Figure 98:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY COBALT, KG, EUROPE, 2017 - 2029
  1. Figure 99:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY COBALT, USD, EUROPE, 2017 - 2029
  1. Figure 100:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
  1. Figure 101:  
  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY LITHIUM, KG, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY LITHIUM, USD, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY MANGANESE, KG, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY MANGANESE, USD, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY NICKEL, KG, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY NICKEL, USD, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY OTHER MATERIALS, KG, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY COUNTRY, KWH, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY COUNTRY, USD, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, COUNTRY, VOLUME SHARE (%), EUROPE, 2022 & 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY FRANCE, KWH, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY ITALY, KWH, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY POLAND, KWH, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY POLAND, USD, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY SWEDEN, KWH, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY UK, KWH, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY REST-OF-EUROPE, KWH, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BY REST-OF-EUROPE, USD, EUROPE, 2017 - 2029
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  2. BREAKDOWN OF EUROPE LFP BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), EUROPE, 2017-2029
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  2. EUROPE LFP BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
  1. Figure 145:  
  2. EUROPE LFP BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
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  2. EUROPE LFP BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023

Europe LFP Battery Pack Industry Segmentation

Bus, LCV, M&HDT, Passenger Car are covered as segments by Body Type. BEV, PHEV are covered as segments by Propulsion Type. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type. France, Germany, Hungary, Italy, Poland, Sweden, UK, Rest-of-Europe are covered as segments by Country.

  • The adoption and sales of LFP battery packs in Europe have seen a significant growth trajectory. According to a report by ResearchAndMarkets, the market for LFP battery packs in Europe is expected to reach USD 13.5 billion by 2026, with a CAGR of 14.1% from 2021 to 2026. The growth can be attributed to the increasing demand for electric vehicles and the need for reliable, high-performance, and affordable battery solutions.
  • The increasing demand for LFP battery packs in Europe is due to their several benefits, including higher safety levels, longer life cycles, and lower cost compared to other types of battery packs. With advancements in battery technology, the density and range of LFP battery packs have been increasing, providing longer ranges and improving the overall performance of electric vehicles. The cost of LFP battery packs has also been decreasing, making them more accessible to consumers and boosting their adoption in the market.
  • Due to substantial expenditures being made in the study and development of battery technologies, the LFP battery pack industry in Europe has a bright future. The main goals are to further enhance the performance, decrease the weight, and boost the energy density of LFP battery packs. LFP battery packs will become even more competitive on the market and, as a result of this, help to lower their price. During the anticipated period of 2023-2029, demand for LFP battery packs is anticipated to increase in Europe as a result of the growing adoption of electric cars and the desire for sustainable energy solutions.
Body Type
Bus
LCV
M&HDT
Passenger Car
Propulsion Type
BEV
PHEV
Capacity
15 kWh to 40 kWh
40 kWh to 80 kWh
Above 80 kWh
Less than 15 kWh
Battery Form
Cylindrical
Pouch
Prismatic
Method
Laser
Wire
Component
Anode
Cathode
Electrolyte
Separator
Material Type
Cobalt
Lithium
Manganese
Natural Graphite
Nickel
Other Materials
Country
France
Germany
Hungary
Italy
Poland
Sweden
UK
Rest-of-Europe
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Market Definition

  • Battery Chemistry - LFP battery type is considred under the scope of battery chemistry.
  • Battery Form - The types of battery forms offered under this segment include Cylindrical, Pouch and Prismatic.
  • Body Type - Body types considered under this segment include, passenger cars, LCV (light commercial vehicle), M&HDT (medium & heavy duty trucks)and buses.
  • Capacity - Various types of battery capacities inldude under theis segment are 15 kWH to 40 kWH, 40 kWh to 80 kWh, Above 80 kWh and Less than 15 kWh.
  • Component - Various components covered under this segment include anode, cathode, electrolyte, separator.
  • Material Type - Various material covered under this segment include cobalt, lithium, manganese, natural graphite, other material.
  • Method - The types of method covered under this segment include laser and wire.
  • Propulsion Type - Propulsion types considered under this segment include BEV (Battery electric vehicles), PHEV (plug-in hybrid electric vehicle).
  • ToC Type - ToC 4
  • Vehicle Type - Vehicle type considered under this segment include passenger vehicles, and commercial vehicles with various EV powertrains.
Keyword Definition
Electric vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all electric vehicles as well as plug-electric vehicles as well as plug-in hybrids.
Battery-as-a-Service A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge
Battery Cell The basic unit of an electric vehicle's battery pack, typically a lithium-ion cell, that stores electrical energy.
Module A subsection of an EV battery pack, consisting of several cells grouped together, often used to facilitate manufacturing and maintenance.
Battery Management System (BMS) An electronic system that manages a rechargeable battery by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting data, controlling its environment, and balancing it.
Energy Density A measure of how much energy a battery cell can store in a given volume, usually expressed in watt-hours per liter (Wh/L).
Power Density The rate at which energy can be delivered by the battery, often measured in watts per kilogram (W/kg).
Cycle Life The number of complete charge-discharge cycles a battery can perform before its capacity falls under a specified percentage of its original capacity.
State of Charge (SOC) A measurement, expressed as a percentage, that represents the current level of charge in a battery compared to its capacity.
State of Health (SOH) An indicator of the overall condition of a battery, reflecting its current performance compared to when it was new.
Thermal Management System A system designed to maintain optimal operating temperatures for an EV's battery pack, often using cooling or heating methods.
Fast Charging A method of charging an EV battery at a much faster rate than standard charging, typically requiring specialized charging equipment.
Regenerative Braking A system in electric and hybrid vehicles that recovers energy normally lost during braking and stores it in the battery.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Europe LFP Battery Pack Market Research FAQs

The Europe LFP Battery Pack Market size is expected to reach USD 2.07 billion in 2024 and grow at a CAGR of 16.24% to reach USD 4.39 billion by 2029.

In 2024, the Europe LFP Battery Pack Market size is expected to reach USD 2.07 billion.

BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), Prime Planet Energy & Solutions Inc., SK Innovation Co. Ltd. and Vehicle Energy Japan Inc. are the major companies operating in the Europe LFP Battery Pack Market.

In the Europe LFP Battery Pack Market, the BEV segment accounts for the largest share by propulsion type.

In 2024, Poland accounts for the largest share by country in the Europe LFP Battery Pack Market.

In 2023, the Europe LFP Battery Pack Market size was estimated at 2.07 billion. The report covers the Europe LFP Battery Pack Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe LFP Battery Pack Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Europe LFP Battery Pack Industry Report

Statistics for the 2023 Europe LFP Battery Pack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe LFP Battery Pack analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Europe LFP Battery Pack Market Report Snapshots

Europe LFP Battery Pack Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029