UK EV BATTERY PACK MARKET SIZE & SHARE ANALYSIS – GROWTH TRENDS & FORECASTS (2024

Market Snapshot

The UK EV Battery Pack Market is segmented by body type (bus, light commercial vehicles (LCVs), medium and heavy-duty trucks (M&HDTs), passenger cars), propulsion type (battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs)), battery chemistry (lithium iron phosphate (LFP), nickel cobalt aluminum (NCA), nickel cobalt manganese (NCM), nickel manganese cobalt (NMC), others), capacity (less than 15 kWh, 15–40 kWh, 40–80 kWh, above 80 kWh), battery form (cylindrical, pouch, prismatic), manufacturing method (laser, wire), component (anode, cathode, electrolyte, separator), and material type (cobalt, lithium, manganese, natural graphite, nickel, others). Key data points include electric vehicle sales by type, sales by original equipment manufacturers (OEMs), battery material costs, battery pack pricing trends, and regulatory frameworks impacting the market.

Market Overview

The UK EV Battery Pack Market is witnessing rapid growth due to increased EV adoption, government policies promoting zero-emission vehicles, and advancements in battery technologies. Passenger cars dominate the market, supported by initiatives like the UK’s ban on new petrol and diesel car sales by 2030. The expansion of domestic battery manufacturing facilities is expected to strengthen the supply chain and reduce dependency on imports.

Key Market Trends

Rise in BEV Popularity: BEVs are leading the market as consumers shift to zero-emission options encouraged by government incentives and growing charging infrastructure.
Development of Gigafactories: Investments in large-scale battery manufacturing facilities, such as Britishvolt’s project, aim to support domestic production and reduce costs.
Preference for Sustainable Materials: OEMs and battery manufacturers are focusing on sourcing ethical and sustainable materials to meet regulatory and consumer expectations.
Supportive Regulatory Environment: UK government policies, including grants for EV purchases and charging infrastructure investments, are driving demand for battery packs.
Technological Advancements: Innovations in solid-state batteries and fast-charging solutions are expected to enhance EV adoption rates in the coming years.

Competitive Landscape

The UK EV Battery Pack Market is characterized by a mix of domestic and international players focusing on production scale, technological innovation, and partnerships. Companies are investing in research and development to meet growing demands for high-performance and cost-efficient battery solutions.

Major Players

BYD Company Ltd.: A global leader in EV battery technology, focusing on cost-effective and efficient battery solutions for various vehicle types.
Contemporary Amperex Technology Co. Ltd. (CATL): Expanding its presence in the UK with advanced manufacturing facilities and strategic collaborations.
ENVISION AESC UK Ltd.: A major player in the UK market, known for its Sunderland gigafactory and partnerships with leading OEMs.
Power By Britishvolt Ltd.: Focusing on building sustainable and high-performance batteries with plans for a major gigafactory in Northumberland.
LG Energy Solution Ltd.: A key supplier of advanced battery chemistries to global and UK-based OEMs.
Nexeon Ltd.: A UK-based company specializing in silicon anode technologies to improve battery efficiency and longevity.

Recent Developments

October 2023: Britishvolt received additional funding to accelerate the construction of its Northumberland gigafactory, aiming to produce 30 GWh annually.
July 2023: ENVISION AESC partnered with a UK-based OEM to supply batteries for a new EV model line.
March 2023: Northvolt announced its plans to establish a research facility in the UK to focus on solid-state battery innovations.
January 2023: Nexeon revealed advancements in silicon anode technology, promising significant improvements in EV battery performance.
November 2022: The UK government announced £1 billion funding for EV battery research and development to strengthen domestic manufacturing capabilities.

Table of Content

1. INTRODUCTION

1.1 Study Assumptions & Market Definition

1.2 Scope of the Study

1.3 Research Methodology

2. KEY INDICATIVE METRICS

2.1 Electric Vehicle Sales

2.2 Electric Vehicle Sales By OEMs

2.3 Best-selling EV Models

2.4 OEMs With Preferable Battery Chemistry

2.5 Battery Pack Price

2.6 Battery Material Cost

2.7 Price Chart Of Different Battery Chemistry

2.8 Who Supply Whom

2.9 EV Battery Capacity And Efficiency

2.10 Number Of EV Models Launched

2.11 Regulatory Framework

2.11.1 UK

2.12 Value Chain & Distribution Channel Analysis

3. MARKET SEGMENTATION (INCLUDES MARKET SIZE, FORECASTS AND ANALYSIS OF GROWTH PROSPECTS)

3.1 Body Type

3.1.1 Bus

3.1.2 LCV

3.1.3 M&HDT

3.1.4 Passenger Car

3.2 Propulsion Type

3.2.1 BEV

3.2.2 PHEV

3.3 Battery Chemistry

3.3.1 LFP

3.3.2 NCA

3.3.3 NCM

3.3.4 NMC

3.3.5 Others

3.4 Capacity

3.4.1 15 kWh to 40 kWh

3.4.2 40 kWh to 80 kWh

3.4.3 Above 80 kWh

3.4.4 Less than 15 kWh

3.5 Battery Form

3.5.1 Cylindrical

3.5.2 Pouch

3.5.3 Prismatic

3.6 Method

3.6.1 Laser

3.6.2 Wire

3.7 Component

3.7.1 Anode

3.7.2 Cathode

3.7.3 Electrolyte

3.7.4 Separator

3.8 Material Type

3.8.1 Cobalt

3.8.2 Lithium

3.8.3 Manganese

3.8.4 Natural Graphite

3.8.5 Nickel

3.8.6 Other Materials

4. COMPETITIVE LANDSCAPE

4.1 Key Strategic Moves

4.2 Market Share Analysis

4.3 Company Landscape

4.4 Company Profiles

4.4.1 BYD Company Ltd.

4.4.2 Contemporary Amperex Technology Co. Ltd. (CATL)

4.4.3 Deutsche ACCUmotive GmbH & Co. KG

4.4.4 ENVISION AESC UK Ltd.

4.4.5 Hitachi Astemo Ltd.

4.4.6 Hyundai Mobis Co. Ltd.

4.4.7 LG Energy Solution Ltd.

4.4.8 Nexeon Ltd.

4.4.9 NorthVolt AB

4.4.10 Power By Britishvolt Ltd.

4.4.11 Robert Bosch GmbH

4.4.12 Samsung SDI Co. Ltd.

4.4.13 SK Innovation Co. Ltd.

4.4.14 TDK Corporation

4.4.15 Valeo Siemens eAutomotive

4.4.16 ZF Friedrichshafen AG

5. KEY STRATEGIC QUESTIONS FOR INDUSTRY PROFESSIONALS IN UK EV BATTERY PACK MARKET

6. APPENDIX

Research Methodology

Data Collection and Analysis Methods

Datanumero’s research methodology encompasses a thorough approach aimed at ensuring accuracy and reliability in market estimation and forecasting. Our process begins with preliminary data mining, where we gather raw market data from a diverse range of validated sources. This data undergoes rigorous filtration to ensure authenticity, with inputs also drawn from reputable reports, paid databases, and our repository. Our goal is to map the complete market value chain, gathering insights from raw material suppliers, distributors, and buyers.Additionally, we delve into technical issues and trends through surveys, technical symposia, and trade journals, focusing on intellectual property perspectives such as white space and freedom of movement. Industry dynamics, including drivers, restraints, and pricing trends, are thoroughly examined. This approach ensures that our material is rich in original data, further cross-validated and authenticated with published sources for accuracy.

Market estimates and forecasts are derived using sophisticated statistical models tailored to each study. These models incorporate inputs on market dynamics, technology landscapes, application development, and pricing trends. We analyze these factors comparatively, quantifying their impact using correlation, regression, and time series analysis. Our forecasting techniques combine economic tools, technological analysis, industry experience, and domain expertise.Primary validation represents the final step, involving exhaustive interviews with key industry participants. These interviews, conducted globally and across various language barriers, validate our findings and assumptions. Key industry participants include market-leading companies, raw material suppliers, product distributors, and buyers. This primary research not only ensures data accuracy but also provides critical insights into the current market scenario, business landscape, and future expectations, enhancing the quality of our reports.

Industry Analysis Approach

In our analysis, we employ both qualitative and quantitative methodologies. Qualitatively, we delve into the industry landscape, trends, market dynamics, and key issues. We explore the technology landscape and identify market opportunities for our clients. Our approach includes Porter’s analysis and PESTEL analysis to understand the competitive landscape and conduct component benchmarking.On the quantitative front, we provide market revenue estimates and forecasts up to specified timeframes, including breakdowns by technology, application, type, and component. Regional market revenue forecasts are also provided, giving clients a comprehensive view of market dynamics across different geographical areas.By integrating these methodologies, DataNumero ensures a holistic, unbiased, and accurate assessment of market trends, opportunities, and future expectations, positioning us as a professional and reliable market research partner.

UK EV BATTERY PACK MARKET SIZE & SHARE ANALYSIS – GROWTH TRENDS & FORECASTS (2024 – 2030)