What is the current UK EV Battery Pack Market size?

In 2024, the UK EV Battery Pack Market size is expected to reach USD 1.27 billion. Read More

Which segment has the biggest share in the UK EV Battery Pack Market?

In the UK EV Battery Pack Market, the BEV segment accounts for the largest share by propulsion type. Read More

Which is the fastest growing segment in the UK EV Battery Pack Market?

In 2024, the PHEV segment accounts for the fastest growing by propulsion type in the UK EV Battery Pack Market. Read More

What years does this UK EV Battery Pack Market cover, and what was the market size in 2023?

In 2023, the UK EV Battery Pack Market size was estimated at 1.27 billion. The report covers the UK EV Battery Pack Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UK EV Battery Pack Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

UK EV Battery Pack Market Size & Share Analysis - Industry Research Report

UK EV Battery Pack Market Size

Icons	Lable	Value
	Study Period	2017 - 2029
	Market Size (2024)	USD 1.27 Billion
	Market Size (2029)	USD 1.15 Billion
	Largest Share by Propulsion Type	BEV
	CAGR (2024 - 2029)	-1.97 %
	Fastest Growing by Propulsion Type	PHEV
	Market Concentration	Low
Major Players

*Disclaimer: Major Players sorted in alphabetical order.

Compare market size and growth of UK EV Battery Pack Market with other markets in Automotive Industry

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UK EV Battery Pack Market Analysis

The UK EV Battery Pack Market size is estimated at 1.27 billion USD in 2024, and is expected to reach 1.15 billion USD by 2029, growing at a CAGR of -1.97% during the forecast period (2024-2029).

1.27 Billion

Market Size in 2024 (USD)

1.15 Billion

Market Size in 2029 (USD)

15.97 %

CAGR (2018-2023)

-1.97 %

CAGR (2024-2029)

Largest Segment by Body Type

91.79 %

value share, Passenger Car, 2023

UK government and OEM's focus on promoting electric vehicle adoption and developing charging infrastructure further drive the growth of passenger EV in the region.

Largest Segment by Propulsion Type

99.94 %

value share, BEV, 2023

BEV dominates the UK electric vehicle battery pack market and is driven by the low operating cost, longer range, and other environmental benefits.

Largest Segment by Battery Chemistry

62.52 %

value share, NMC, 2023

NMC chemistry dominates UK's electric vehicle battery pack market, offering high energy density and improved performance for sustainable transportation.

Largest Segment by Battery Form

57.42 %

value share, Prismatic, 2023

It dominates the UK EV market due to its adaptability in use in buses, lorries, and LCVs, as well as its good performance in terms of energy density and discharge time.

Leading Market Player

7.65 %

market share, Contemporary Amperex Technology Co. Ltd. (CATL), 2022

CATL is the market leader in the UK EV battery pack industry due to its strong focus on R&D and significant investment in innovative battery technology.

The United Kingdom's strategy to phase out petrol and diesel cars is driving investments in electric car and battery technologies

The adoption of EV battery packs in the United Kingdom has grown significantly in recent years. From 2017 to 2022, the total production of electric vehicles in the country increased, with more than 350,000 EVs produced in 2021 alone. This rise in production was due to various factors, including increased government incentives and regulations on emissions and the development of more advanced and cost-effective battery technologies.
To encourage the adoption of electric vehicles, the UK government has implemented several incentive programs, such as the Plug-in Car Grant, which provides a discount on the purchase price of eligible vehicles. The amount of the grant varies depending on the type of vehicle. However, it can cover up to 35% of the cost, up to a maximum of GBP 2,500. Another incentive program is the Electric Vehicle Homecharge Scheme, which provides funding for the installation of home charging points. The scheme covers up to 75% of the cost of the installation, up to a maximum of GBP 350. Such initiatives may boost EV growth in the United Kingdom.
The UK government has set ambitious targets for the phase-out of new petrol and diesel car sales by 2030, with all new vehicles required to be zero-emission by 2035. This strategy has encouraged automakers to invest in electric car and battery technology research. In addition, the United Kingdom is investing in domestic battery manufacturing, which is critical to ensuring a sustainable and safe supply chain for electric vehicle batteries. Britishvolt, a UK-based battery producer, is constructing the country's first gigafactory in Northumberland, with manufacturing initially set to begin in 2023. The country is also working with other countries to enhance electric vehicle technologies.

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UK EV Battery Pack Market Trends

THE LEADING PLAYERS SHAPING THE ELECTRIC VEHICLE MARKET IN THE UNITED KINGDOM ARE TOYOTA GROUP, TESLA, KIA, HYUNDAI, AND BMW

The electric vehicle battery pack market in the United Kingdom is competitive. In 2022, five companies dominated the market, holding over 45% of the market share. These front-runners are Toyota Group, Tesla, Kia, Hyundai, and BMW. The Toyota Group leads the pack, boasting about 16.86% market share, establishing itself as the top seller of electric vehicles. With its diverse product range, extensive service network, and robust brand reputation, Toyota continues to strengthen its market position.
Tesla, capturing approximately 9.57% of the UK electric vehicle battery pack market, stands as the second-largest electric vehicle seller in the country. The company's innovative strategies and its broad range of solely electric cars solidify its stance. Following closely, Kia takes the third spot with about 7.53% of the market share in the UK electric vehicle battery pack market. With a varied product lineup catering to different customer segments, Kia benefits from a well-structured supply and distribution chain.
In fourth place, Hyundai claims around 7.47% of the market share in the UK electric vehicle market. Its diverse offerings appeal to both mid-range and premium customers, resulting in a loyal customer base. BMW is in the fifth position, holding a market share of approximately 6.66%. Other notable players in the UK electric vehicle market include Volkswagen, Honda, MG, Renault, and Audi.

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EV SALES IN THE UNITED KINGDOM ARE LED BY TESLA AND TOYOTA, WITH THE HIGHEST DEMAND FOR BATTERY PACKS

The demand for electric vehicles in the UK electric vehicle battery pack market has surged in recent years, resulting in boosting the demand for batteries. Numerous brands and models populate the market in the United Kingdom. In 2022, the top five contenders in the UK electric vehicle battery pack market were the Tesla Model Y, the Toyota Vitz (Yaris), the Tesla Model 3, the Toyota Corolla, and the Toyota CH-R. Leading the chart, the Tesla Model Y sold 35,551 units, with its extended range, spacious seating, and generous cargo space making it a consumer favorite.
Toyota's Vitz, better known as Yaris, was in the second spot in the UK electric vehicle battery pack market with 22,051 sales. Its hybrid powertrain and affordability cater to those seeking a compact electric option. Close behind, the Tesla Model 3 secured third place in the electric vehicle battery pack market in the country, logging 19,071 sales. Offered in both rear-wheel drive and performance trims, its robust performance captivates many customers.
Fourth in line, the Toyota Corolla registered 18,594 sales in the United Kingdom. Its hybrid powertrain and competitive pricing continue to lure customers. In the fifth position, the Toyota CH-R marked 17,440 sales across the United Kingdom. Other significant players in the UK electric vehicle battery pack market include the Toyota Yaris Cross, Hyundai Tucson, Kia Niro, and Honda Fit.

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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

POLICIES AND INCENTIVES BY THE UK GOVERNMENT ARE DRIVING A SURGE IN ELECTRIC VEHICLE SALES
DECLINING LITHIUM-ION BATTERY PRICES ARE PROPELLING ELECTRIC VEHICLE ADOPTION IN THE UNITED KINGDOM
FROM 2017 THROUGH 2022, UK BATTERY PRICES FELL STEADILY DUE TO TECHNOLOGICAL ADVANCES, ECONOMIES OF SCALE, AND COMPETITION IN THE MARKET
INTERNATIONAL COMPANIES ARE DRIVING ELECTRIFICATION IN THE UNITED KINGDOM WITH NEW EV MODELS, EXPANDING THE ELECTRIC VEHICLE MARKET

THE UK ELECTRIC VEHICLE BATTERY PACK MARKET IS CHARACTERIZED BY THE DOMINANCE OF NMC BATTERIES AND GROWING DEMAND FOR NCA AND NCM CHEMISTRIES
POTENTIAL BAN ON INTERNAL COMBUSTION ENGINES IN THE UNITED KINGDOM IS DRIVING ELECTRIC VEHICLE ADOPTION AND DEMAND FOR BATTERY MATERIALS
IMPROVEMENTS IN BATTERY TECHNOLOGY ARE A DRIVING FORCE BEHIND THE INCREASING POPULARITY OF ELECTRIC VEHICLES IN THE UNITED KINGDOM

UK EV Battery Pack Industry Overview

The UK EV Battery Pack Market is fragmented, with the top five companies occupying 16.21%. The major players in this market are BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), Deutsche ACCUmotive GmbH & Co. KG, Hyundai Mobis Co. Ltd. and LG Energy Solution Ltd. (sorted alphabetically).

UK EV Battery Pack Market Leaders

BYD Company Ltd.
Contemporary Amperex Technology Co. Ltd. (CATL)
Deutsche ACCUmotive GmbH & Co. KG
Hyundai Mobis Co. Ltd.
LG Energy Solution Ltd.

Other important companies include ENVISION AESC UK Ltd., Hitachi Astemo Ltd., Nexeon Ltd., NorthVolt AB, Power By Britishvolt Ltd., Robert Bosch GmbH, Samsung SDI Co. Ltd., SK Innovation Co. Ltd., TDK Corporation, Valeo Siemens eAutomotive, ZF Friedrichshafen AG.

*Disclaimer: Major Players sorted in alphabetical order.

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UK EV Battery Pack Market News

June 2023: Hydrovolt, a 50:50 joint venture (JV) of Norsk Hydro ASA (Hydro) and Northvolt, received NOK 15.3 million in funding from Enova to develop a discharge and dismantling technology for batteries
May 2023: CATL announced that CATL Geely (Sichuan) Power Battery Co., Ltd. (CATL Geely) obtained a carbon neutrality certificate from TÜV Rheinland, marking that the company realized carbon neutrality in 2022. CATL Geely is a wholly-owned subsidiary of CATL Geely Power Battery Co., Ltd., a joint venture between CATL and Zeekr.
May 2023: Invest in Thuringia announced that Contemporary Amperex Technology Co. Ltd. (CATL) is building its first battery cell manufacturing facility outside of China in the industry park “Erfurter Kreuz” and officially launched its local production of lithium-ion cells at the end of January 2023.

Free with this Report

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.

UK EV Battery Pack Market Report - Table of Contents

EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1. 1.1. Study Assumptions & Market Definition
2. 1.2. Scope of the Study
3. 1.3. Research Methodology
2. KEY INDUSTRY TRENDS
1. 2.1. Electric Vehicle Sales
2. 2.2. Electric Vehicle Sales By OEMs
3. 2.3. Best-selling EV Models
4. 2.4. OEMs With Preferable Battery Chemistry
5. 2.5. Battery Pack Price
6. 2.6. Battery Material Cost
7. 2.7. Price Chart Of Different Battery Chemistry
8. 2.8. Who Supply Whom
9. 2.9. EV Battery Capacity And Efficiency
10. 2.10. Number Of EV Models Launched
11. 2.11. Regulatory Framework
  1. 2.11.1. UK
12. 2.12. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
1. 3.1. Body Type
  1. 3.1.1. Bus
  2. 3.1.2. LCV
  3. 3.1.3. M&HDT
  4. 3.1.4. Passenger Car
2. 3.2. Propulsion Type
  1. 3.2.1. BEV
  2. 3.2.2. PHEV
3. 3.3. Battery Chemistry
  1. 3.3.1. LFP
  2. 3.3.2. NCA
  3. 3.3.3. NCM
  4. 3.3.4. NMC
  5. 3.3.5. Others
4. 3.4. Capacity
  1. 3.4.1. 15 kWh to 40 kWh
  2. 3.4.2. 40 kWh to 80 kWh
  3. 3.4.3. Above 80 kWh
  4. 3.4.4. Less than 15 kWh
5. 3.5. Battery Form
  1. 3.5.1. Cylindrical
  2. 3.5.2. Pouch
  3. 3.5.3. Prismatic
6. 3.6. Method
  1. 3.6.1. Laser
  2. 3.6.2. Wire
7. 3.7. Component
  1. 3.7.1. Anode
  2. 3.7.2. Cathode
  3. 3.7.3. Electrolyte
  4. 3.7.4. Separator
8. 3.8. Material Type
  1. 3.8.1. Cobalt
  2. 3.8.2. Lithium
  3. 3.8.3. Manganese
  4. 3.8.4. Natural Graphite
  5. 3.8.5. Nickel
  6. 3.8.6. Other Materials
4. COMPETITIVE LANDSCAPE
1. 4.1. Key Strategic Moves
2. 4.2. Market Share Analysis
3. 4.3. Company Landscape
4. 4.4. Company Profiles
  1. 4.4.1. BYD Company Ltd.
  2. 4.4.2. Contemporary Amperex Technology Co. Ltd. (CATL)
  3. 4.4.3. Deutsche ACCUmotive GmbH & Co. KG
  4. 4.4.4. ENVISION AESC UK Ltd.
  5. 4.4.5. Hitachi Astemo Ltd.
  6. 4.4.6. Hyundai Mobis Co. Ltd.
  7. 4.4.7. LG Energy Solution Ltd.
  8. 4.4.8. Nexeon Ltd.
  9. 4.4.9. NorthVolt AB
  10. 4.4.10. Power By Britishvolt Ltd.
  11. 4.4.11. Robert Bosch GmbH
  12. 4.4.12. Samsung SDI Co. Ltd.
  13. 4.4.13. SK Innovation Co. Ltd.
  14. 4.4.14. TDK Corporation
  15. 4.4.15. Valeo Siemens eAutomotive
  16. 4.4.16. ZF Friedrichshafen AG
5. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS
6. APPENDIX
1. 6.1. Global Overview
  1. 6.1.1. Overview
  2. 6.1.2. Porter’s Five Forces Framework
  3. 6.1.3. Global Value Chain Analysis
  4. 6.1.4. Market Dynamics (DROs)
2. 6.2. Sources & References
3. 6.3. List of Tables & Figures
4. 6.4. Primary Insights
5. 6.5. Data Pack
6. 6.6. Glossary of Terms

List of Tables & Figures

Figure 1:
ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, UK, 2017 - 2029

Figure 2:
ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, UK, 2023

Figure 3:
ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, UK, 2023

Figure 4:
BEST-SELLING EV MODELS, UNITS, UK, 2023

Figure 5:
OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, UK, 2023

Figure 6:
ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, UK, 2017 - 2029

Figure 7:
ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, UK, 2017 - 2029

Figure 8:
ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, UK, 2017 - 2029

Figure 9:
EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, UK, 2023

Figure 10:
UPCOMING EV MODELS, BY BODY TYPE, UNITS, UK, 2023

Figure 11:
BREAKDOWN OF UK EV BATTERY PACK MARKET, KWH, UK, 2017 - 2029

Figure 12:
BREAKDOWN OF UK EV BATTERY PACK MARKET, USD, UK, 2017 - 2029

Figure 13:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY BODY TYPE, KWH, UK, 2017 - 2029

Figure 14:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY BODY TYPE, USD, UK, 2017 - 2029

Figure 15:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), UK, 2022 & 2029

Figure 16:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2022 & 2029

Figure 17:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY BUS, KWH, UK, 2017 - 2029

Figure 18:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY BUS, USD, UK, 2017 - 2029

Figure 19:
BREAKDOWN OF UK EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 20:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY LCV, KWH, UK, 2017 - 2029

Figure 21:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY LCV, USD, UK, 2017 - 2029

Figure 22:
BREAKDOWN OF UK EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 23:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY M&HDT, KWH, UK, 2017 - 2029

Figure 24:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY M&HDT, USD, UK, 2017 - 2029

Figure 25:
BREAKDOWN OF UK EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 26:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY PASSENGER CAR, KWH, UK, 2017 - 2029

Figure 27:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY PASSENGER CAR, USD, UK, 2017 - 2029

Figure 28:
BREAKDOWN OF UK EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 29:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, UK, 2017 - 2029

Figure 30:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY PROPULSION TYPE, USD, UK, 2017 - 2029

Figure 31:
BREAKDOWN OF UK EV BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), UK, 2022 & 2029

Figure 32:
BREAKDOWN OF UK EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), UK, 2022 & 2029

Figure 33:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY BEV, KWH, UK, 2017 - 2029

Figure 34:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY BEV, USD, UK, 2017 - 2029

Figure 35:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 36:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY PHEV, KWH, UK, 2017 - 2029

Figure 37:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY PHEV, USD, UK, 2017 - 2029

Figure 38:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 39:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, UK, 2017 - 2029

Figure 40:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, UK, 2017 - 2029

Figure 41:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), UK, 2022 & 2029

Figure 42:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), UK, 2022 & 2029

Figure 43:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY LFP, KWH, UK, 2017 - 2029

Figure 44:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY LFP, USD, UK, 2017 - 2029

Figure 45:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 46:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY NCA, KWH, UK, 2017 - 2029

Figure 47:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY NCA, USD, UK, 2017 - 2029

Figure 48:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 49:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY NCM, KWH, UK, 2017 - 2029

Figure 50:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY NCM, USD, UK, 2017 - 2029

Figure 51:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 52:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY NMC, KWH, UK, 2017 - 2029

Figure 53:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY NMC, USD, UK, 2017 - 2029

Figure 54:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 55:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY OTHERS, KWH, UK, 2017 - 2029

Figure 56:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY OTHERS, USD, UK, 2017 - 2029

Figure 57:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 58:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY CAPACITY, KWH, UK, 2017 - 2029

Figure 59:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY CAPACITY, USD, UK, 2017 - 2029

Figure 60:
BREAKDOWN OF UK EV BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), UK, 2022 & 2029

Figure 61:
BREAKDOWN OF UK EV BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), UK, 2022 & 2029

Figure 62:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, UK, 2017 - 2029

Figure 63:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, UK, 2017 - 2029

Figure 64:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 65:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, UK, 2017 - 2029

Figure 66:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, UK, 2017 - 2029

Figure 67:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 68:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, UK, 2017 - 2029

Figure 69:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, UK, 2017 - 2029

Figure 70:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 71:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, UK, 2017 - 2029

Figure 72:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, UK, 2017 - 2029

Figure 73:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 74:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY BATTERY FORM, KWH, UK, 2017 - 2029

Figure 75:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY BATTERY FORM, USD, UK, 2017 - 2029

Figure 76:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), UK, 2022 & 2029

Figure 77:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), UK, 2022 & 2029

Figure 78:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY CYLINDRICAL, KWH, UK, 2017 - 2029

Figure 79:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY CYLINDRICAL, USD, UK, 2017 - 2029

Figure 80:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 81:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY POUCH, KWH, UK, 2017 - 2029

Figure 82:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY POUCH, USD, UK, 2017 - 2029

Figure 83:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 84:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY PRISMATIC, KWH, UK, 2017 - 2029

Figure 85:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY PRISMATIC, USD, UK, 2017 - 2029

Figure 86:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 87:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY METHOD, KWH, UK, 2017 - 2029

Figure 88:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY METHOD, USD, UK, 2017 - 2029

Figure 89:
BREAKDOWN OF UK EV BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), UK, 2022 & 2029

Figure 90:
BREAKDOWN OF UK EV BATTERY PACK MARKET, METHOD, VALUE SHARE (%), UK, 2022 & 2029

Figure 91:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY LASER, KWH, UK, 2017 - 2029

Figure 92:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY LASER, USD, UK, 2017 - 2029

Figure 93:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 94:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY WIRE, KWH, UK, 2017 - 2029

Figure 95:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY WIRE, USD, UK, 2017 - 2029

Figure 96:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 97:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY COMPONENT, UNITS, UK, 2017 - 2029

Figure 98:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY COMPONENT, USD, UK, 2017 - 2029

Figure 99:
BREAKDOWN OF UK EV BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), UK, 2022 & 2029

Figure 100:
BREAKDOWN OF UK EV BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), UK, 2022 & 2029

Figure 101:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY ANODE, UNITS, UK, 2017 - 2029

Figure 102:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY ANODE, USD, UK, 2017 - 2029

Figure 103:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 104:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY CATHODE, UNITS, UK, 2017 - 2029

Figure 105:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY CATHODE, USD, UK, 2017 - 2029

Figure 106:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 107:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, UK, 2017 - 2029

Figure 108:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY ELECTROLYTE, USD, UK, 2017 - 2029

Figure 109:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 110:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY SEPARATOR, UNITS, UK, 2017 - 2029

Figure 111:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY SEPARATOR, USD, UK, 2017 - 2029

Figure 112:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 113:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY MATERIAL TYPE, KG, UK, 2017 - 2029

Figure 114:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY MATERIAL TYPE, USD, UK, 2017 - 2029

Figure 115:
BREAKDOWN OF UK EV BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), UK, 2022 & 2029

Figure 116:
BREAKDOWN OF UK EV BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), UK, 2022 & 2029

Figure 117:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY COBALT, KG, UK, 2017 - 2029

Figure 118:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY COBALT, USD, UK, 2017 - 2029

Figure 119:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 120:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY LITHIUM, KG, UK, 2017 - 2029

Figure 121:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY LITHIUM, USD, UK, 2017 - 2029

Figure 122:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 123:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY MANGANESE, KG, UK, 2017 - 2029

Figure 124:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY MANGANESE, USD, UK, 2017 - 2029

Figure 125:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 126:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, UK, 2017 - 2029

Figure 127:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, UK, 2017 - 2029

Figure 128:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 129:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY NICKEL, KG, UK, 2017 - 2029

Figure 130:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY NICKEL, USD, UK, 2017 - 2029

Figure 131:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 132:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY OTHER MATERIALS, KG, UK, 2017 - 2029

Figure 133:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BY OTHER MATERIALS, USD, UK, 2017 - 2029

Figure 134:
BREAKDOWN OF UK EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), UK, 2017-2029

Figure 135:
UK EV BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022

Figure 136:
UK EV BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022

Figure 137:
UK EV BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023

UK EV 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. LFP, NCA, NCM, NMC, Others are covered as segments by Battery Chemistry. 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.

The adoption of EV battery packs in the United Kingdom has grown significantly in recent years. From 2017 to 2022, the total production of electric vehicles in the country increased, with more than 350,000 EVs produced in 2021 alone. This rise in production was due to various factors, including increased government incentives and regulations on emissions and the development of more advanced and cost-effective battery technologies.
To encourage the adoption of electric vehicles, the UK government has implemented several incentive programs, such as the Plug-in Car Grant, which provides a discount on the purchase price of eligible vehicles. The amount of the grant varies depending on the type of vehicle. However, it can cover up to 35% of the cost, up to a maximum of GBP 2,500. Another incentive program is the Electric Vehicle Homecharge Scheme, which provides funding for the installation of home charging points. The scheme covers up to 75% of the cost of the installation, up to a maximum of GBP 350. Such initiatives may boost EV growth in the United Kingdom.
The UK government has set ambitious targets for the phase-out of new petrol and diesel car sales by 2030, with all new vehicles required to be zero-emission by 2035. This strategy has encouraged automakers to invest in electric car and battery technology research. In addition, the United Kingdom is investing in domestic battery manufacturing, which is critical to ensuring a sustainable and safe supply chain for electric vehicle batteries. Britishvolt, a UK-based battery producer, is constructing the country's first gigafactory in Northumberland, with manufacturing initially set to begin in 2023. The country is also working with other countries to enhance electric vehicle technologies.

Body Type
		Bus
		LCV
		M&HDT
		Passenger Car

Propulsion Type
		BEV
		PHEV

Battery Chemistry
		LFP
		NCA
		NCM
		NMC
		Others

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

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Market Definition

Battery Chemistry - Various types of battery chemistry considred under this segment include LFP, NCA, NCM, NMC, Others.
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, nickel, 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 1
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