European Lithium-Ion Battery Market

The European lithium-ion battery market is expected to be worth USD 40.23 billion in 2025 and is projected to reach USD 88.26 billion by 2033, growing at a CAGR of 10.3% during the forecast period. The lithium-ion battery market in Europe is experiencing strong growth driven by increasing demand from electric vehicle (EV) manufacturers, expanding energy storage system (ESS) deployments, and rising adoption across industrial and consumer sectors. This momentum is supported by robust regulatory frameworks such as the EU Battery Regulation, large investments under the European Battery Alliance and IPCEI programs, and the rapid development of gigafactories across Germany, France, Sweden, Poland, and Hungary. Additionally, Europe’s strict decarbonization targets and focus on supply-chain localization are attracting significant capital into advanced battery manufacturing, recycling, and next-generation cell technologies.

Major players operating in the lithium-ion battery market: CATL (China), LG Energy Solution (South Korea), Panasonic Holdings Corporation (Japan), BYD (China), and Samsung SDI (South Korea). To strengthen their presence and secure a greater market share within the regional lithium-ion battery sector, these enterprises are diligently implementing both organic and inorganic growth strategies. These encompass capacity augmentation, strategic alliances, technology collaborations, new product innovations, and mergers and acquisitions. Consequently, they have effectively expanded their manufacturing footprint, penetrated emerging markets, and improved their supply chain capabilities to accommodate the increasing global demand across electric mobility, energy storage, and industrial applications.

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Contemporary Amperex Technology Co., Limited. (China):

CATL is expanding its presence in Europe as the demand for electric vehicles (EVs) and energy-storage systems continues to grow across major markets such as Germany, France, the UK, and the Nordics. The company is strengthening partnerships with European automotive OEMs and renewable-energy developers, providing advanced lithium-ion technologies and scalable storage solutions tailored to regional sustainability needs. CATL is also investing in local manufacturing, recycling, and supply-chain collaboration—supported by EU industrial policies and national incentives. These efforts position the company to seize growing opportunities within Europe’s rapidly evolving clean energy, electrification, and grid modernization sectors.

LG Energy Solution (South Korea):

LG Energy Solution is accelerating its growth in Europe through expanded cell manufacturing capacity, long-term supply agreements, and technology co-development with major European automotive OEMs. Its advanced EV battery and energy-storage portfolios support rising electrification efforts across Germany, Poland, the UK, and other EU markets. The company is also strengthening regional supply-chain resilience by investing in local materials sourcing, recycling partnerships, and next-generation battery R&D aligned with EU sustainability and battery-passport requirements. These initiatives reinforce LG Energy Solution’s position as a key energy-transition enabler within Europe’s rapidly expanding EV and renewable-energy ecosystem.

SAMSUNG SDI (South Korea):

Samsung SDI has become a major competitor in the European lithium-ion battery market, serving both mobility and stationary-storage segments. Its Energy Solutions division offers a broad portfolio—from small-format batteries for electronic devices to large-scale automotive batteries and ESS for commercial and residential uses. The company supplies leading European automakers and supports sectors like telecommunications, industrial systems, and backup power. Notably, Samsung SDI continues to grow its production presence in Hungary through large-scale investments aimed at meeting Europe’s increasing EV-battery demand, further strengthening its competitive position in the region’s electrification and clean energy shift.

Market Ranking

The European lithium-ion battery market is relatively consolidated, with key players including Contemporary Amperex Technology Co Limited (China), BYD Company Ltd (China), LG Energy Solution (South Korea), Samsung SDI (South Korea), and Panasonic Holdings Corporation (Japan), collectively holding a major market share. CATL leads the industry because of its large-scale production capabilities and strong presence in both electric vehicles and energy storage systems. BYD benefits from its vertically integrated operations and its leading position in the EV market. LG Energy Solution has established its presence through global joint ventures with major automakers. Samsung SDI continues to grow its reach with a diversified portfolio across electric mobility, stationary storage, and consumer electronics. Panasonic remains relevant through long-standing partnerships and expertise in automotive battery solutions. These companies shape the competitive landscape through investment in innovation, capacity expansion, and strategic collaborations.

Related Reports:

Europe Lithium-ion Battery Market by Battery Type (NMC, LFP, LCO, LTO, LMO, NCA), Cell Type (Prismatic, Pouch, Cylindrical), Capacity (<50 kWh, 50-100 kWh, >100 kWh), Energy Storage (Residential, Utilities), EVs, Medical - Forecast to 2033

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