Projected market value of industrial batteries in Europe 2021-2031, by main country

Published by Statista Research Department, Feb 16, 2024

In 2023, batteries for industrial applications in Europe had a market value of some three billion U.S. dollars. Germany led the ranking, followed by the United Kingdom. France is forecast to overtake the UK by 2025, while Spain's industrial battery market will account for the largest compound annual growth rate from 2024 to 2031. 

More information on the global industrial battery market can be found here.

Market value of batteries for industrial applications in Europe from 2021 to 2023, with a forecast until 2031, by leading country (in million U.S. dollars)

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Release date

February 2024

Region

Europe

Survey time period

2021 to 2023

Supplementary notes

*Figures underlie the following CAGR assumption for 2024 to 2031:

Germany - 5.01 percent
United Kingdom - 4.78 percent
France - 5.32 percent
Spain - 6.57 percent
Italy - 5.6 percent

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