Driven by the growing demand for electric vehicles, the demand for lithium-ion batteries has been on the rise worldwide and is
in 2050. The United Kingdom is not an exception: in May 2020, two UK start-ups, AMTE Power and Britishvolt, announced plans to build the first large-scale battery factory to ensure a supply of cells for domestic carmakers. Until now, European and UK carmakers have been buying
and China. There are, however, massive opportunities for the UK to step up its battery production capacity to meet the automotive industry’s rising demand.
Home battery market
Over the past decade, the
residential storage segment has been growing in Europe, with installations of solar panels becoming increasingly widespread. In the UK, small-scale
PV installations have similarly been on the rise, peaking in March 2019, right before the closure of the Feed-In Tariff (FIT) scheme. However, in October 2019, a change to the VAT rate on solar battery systems and solar installations led, in many cases, to an increase in the installation costs. Indeed, the
average installation costs for small scale (0-4 kW) solar plants have slightly increased since November 2019.
Consumer segment
When it comes to household batteries, Duracell is the undisputed market leader for alkaline batteries: in 2019, its sales value in the UK amounted to over 120 million British pounds. Energizer came second with a sales value of roughly 72 million British pounds. Globally,
Energizer registered a positive performance in 2019, with sales growing by 22 percent on the previous year. Online retailing of large packs at affordable prices has been responsible for much of the growth of the leading brands.
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