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Europe Lithium Ion Battery Market 2018-2024: Market Forecast by Power Capacities, Components, Materials, Applications and Competitive Landscape - ResearchAndMarkets.comThe "Europe Lithium Ion Battery Market (2018-2024): Market Forecast by Power Capacities, by Components, by Materials, Bb Countries, by Applications and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering. Europe Lithium Ion Battery market is projected to grow at a CAGR of 15.9% during 2018-24 Government support for renewable energy and electric vehicle infrastructural projects as well as increased usage of electric vehicles, smart portable electronics, and rising grid storage market are some of the key applications which have driven lithium ion battery market in Europe and are expected to play a significant role during the forecast period. Additionally, the market is further expected to nurture on account of heavy investments on manufacturing plants of lithium ion batteries, especially focusing on electric vehicles and energy storage systems. Germany is a major consumer of lithium ion batteries in the overall Euopean market, followed by UK and France, owing to high penetration of smartphones, increasing installation of lithium ion based energy storage and rising demand for electric vehicles. However, Nordic countries are gaining share in lithium ion battery market owing to high usage of electric vehicles, particularly in Norway. Markets Covered: By Power Capacities:
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Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/research/lgm3wr/europe_lithium?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20180227005746/en/ |
