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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Extrapolate. (February 9, 2024). 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) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1451384/industrial-battery-market-value-forecast-europe-by-country/
Extrapolate. "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)." Chart. February 9, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1451384/industrial-battery-market-value-forecast-europe-by-country/
Extrapolate. (2024). 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). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1451384/industrial-battery-market-value-forecast-europe-by-country/
Extrapolate. "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)." Statista, Statista Inc., 9 Feb 2024, https://www.statista.com/statistics/1451384/industrial-battery-market-value-forecast-europe-by-country/
Extrapolate, 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) Statista, https://www.statista.com/statistics/1451384/industrial-battery-market-value-forecast-europe-by-country/ (last visited November 18, 2024)
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) [Graph], Extrapolate, February 9, 2024. [Online]. Available: https://www.statista.com/statistics/1451384/industrial-battery-market-value-forecast-europe-by-country/
