The German battery market is estimated to grow at a significant CAGR during the forecast period. The market growth is attributed to the presence of a well-established automotive industry in the country. With the presence of a well-established automotive industry, a significant market for the battery is expected in the region. Further, the players in the market are expanding production facilities to meet the growing need of the electric vehicle industry. For instance, in February 2020, Saft and the PSA Group announced plans for two lithium-ion EV battery cell plants in Europe (one in Germany and the other in France).
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Moreover, the German battery market report covers the analysis of various players operating in the market. Some of the global players operating in the market include A123 Systems LLC, Siemen AG, Tesla Inc., Exide Industries Ltd., Saft Group SA, Tesvolt GmbH, and others. Owing to increasing competition in the market, the players in the market adopting various strategies such as mergers and acquisitions and partnerships and collaboration that tend to fuel market growth in the near future. For instance, in July 2020, Tesla announced to build battery cells and battery packs at its new factory in Germany. Such efforts by the global players will create an opportunity for the market in the country.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Germany Battery Market by Category
- Primary
- Secondary
Germany Battery Market by Type
- Lithium Ion (Li-Ion)
- Nickel-Metal Hydride (NI-MH)
- Nickel Cadmium
- Lead Acid
- Others
Germany Battery Market by Application
- Automotive
- Industrial
- Consumer Electronics
- Others
Company Profiles
- A123 Systems, LLC
- Overview
- A123 Systems, LLC in Battery Landscape
- Recent Developments
- BOS Balance of Storage Systems AG.
- Contemporary Amperex Technology Co., Ltd.
- Exide Industries Ltd.
- Saft Group SA
- Siemens AG
- Tesla Inc.
- Tesvolt GmbH
- VARTA Storage GmbH
The Report Covers
- Comprehensive research methodology of the German Battery Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the German Battery Market.
- Insights about market determinants that are stimulating the German Battery Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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