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