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Europe Lithium-Ion Stationary Battery Storage Market Share

Report ID: GMI6203
Published Date: Jul 2023
Report Format: PDF

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Europe Lithium-Ion Stationary Battery Storage Market Share

Some of the major companies operating across the Europe lithium-ion stationary battery storage market includes :

Johnson Controls
Panasonic Corporation
Tesla
Toshiba Corporation
SAMSUNG SDI CO., LTD.
Koninklijke Philips N.V.
Hitachi Energy Ltd.
LG Chem
Siemens Energy
HOPPECKE Batterien GmbH & Co. KG
BYD Company Ltd.
Contemporary Amperex Technology Co Ltd.
VARTA AG.

These participants focus on new product launch & commercialization and strategic partnerships for market expansion. Moreover, these players are increasingly investing in research & development activities, which enable them to introduce innovative products and garner maximum revenue in the market.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of Europe lithium-ion stationary battery storage was valued at USD 19.7 billion in 2022 and will grow at a CAGR of over 16.9% through 2032, owing to the intermittent nature of renewable energy sources that create demand for energy storage systems.

The NMC segment accounted for more than USD 11 billion in 2022 as NMC battery storage systems play a crucial role in grid stabilization and management by allowing frequency regulation, voltage control, and peak shaving capabilities.

The Germany lithium-ion stationary battery storage market held approximately 30% of the market share in 2022 and will continue to grow through 2032, owing to the ambitious goals to transition towards a low-carbon and sustainable energy nation.

Johnson Controls, Panasonic Corporation, Tesla, Toshiba Corporation, SAMSUNG SDI CO., LTD., Koninklijke Philips N.V., Hitachi Energy Ltd., LG Chem, Siemens Energy, HOPPECKE Batterien GmbH & Co. KG, and VARTA AG among others.