The Europe rechargeable battery market size reached USD 24.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 45.1 Billion by 2033, exhibiting a growth rate (CAGR) of 6.46% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 24.9 Billion |
Market Forecast in 2033
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USD 45.1 Billion |
Market Growth Rate (2025-2033) | 6.46% |
Rechargeable batteries, also known as secondary cells and storage batteries, convert chemical energy into electrical energy. These batteries comprise an anode, a cathode and an electrolyte and are widely available in different shapes and sizes. They have gained immense popularity in Europe as they are a sustainable alternative to non-rechargeable batteries and offer long-term cost benefits.
At present, the leading manufacturers are focusing on improving the overall performance of rechargeable batteries. Consequently, they are developing new rechargeable battery technologies, such as the flow battery, which offers double power output than conventional batteries. Another factor driving the sales of these batteries is the lower self-discharge rate due to the disparity in electro chemicals and advancements in technology. Apart from this, rising environmental concerns and climate change have escalated the demand for rechargeable batteries in the region. Furthermore, the gradual shift towards electronic vehicles is increasing the production of rechargeable batteries, which is positively influencing the market growth. However, the rapid increase in coronavirus disease (COVID-19) cases has negatively impacted the demand for rechargeable batteries, but the market is expected to recover once lockdown restrictions are uplifted.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe rechargeable battery market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on battery type, capacity, and application.
Breakup by Battery Type:
Breakup by Capacity:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report
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Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Battery Types Covered | Lead-Acid Batteries, Li-ion Batteries, NiMH Batteries, NiCd Batteries, Others |
Capacities Covered | 150 - 1000 mAh, 1300 - 2700 mAh, 3000 - 4000 mAh, 4000 - 6000 mAh, 6000 - 10000 mAh, More than 10000 mAh |
Applications Covered | Consumer Electronics, Industrial Applications, Automobile Applications, Defence, Others |
Countries Covered | Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The rechargeable battery market in Europe was valued at USD 24.9 Billion in 2024.
The Europe rechargeable battery market is projected to exhibit a CAGR of (CAGR) of 6.46% during 2025-2033, reaching a value of USD 45.1 Billion by 2033.
The market is driven by the rise of electric vehicle take-up, storage of renewable energy, and use of portable electronics. Decarbonization and energy independence policies in the EU stimulate investment in the infrastructure of batteries. Improvements in lithium-ion and solid-state battery technology, as well as localization of supply chains, are also propelling growth in the market.