The UK batteries market is expected to grow over 10.06% CAGR from 2024 to 2029, driven by key investments in electric vehicles and energy storage technologies.
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There are four separate regions that make up the United Kingdom, with a population of roughly 67 million: England, Scotland, Wales, and Northern Ireland. The most populated and economically powerful region is England, which is home to important cities like London, Manchester, and Birmingham and serves as a center for business, culture, and finance. Scotland, which is significant for the travel and energy industries and is home to cities like Edinburgh and Glasgow, is renowned for its natural beauty and rich historical legacy. Wales, whose capital is Cardiff, places a lot of emphasis on manufacturing and tourism, whereas Northern Ireland, whose capital is Belfast, is more focused on shipbuilding and aerospace. The UK's diversified and dynamic profile is shaped by the distinct contributions made by each region to the country's cultural and economic landscape. Electronic gadgets are widely used in many spheres of daily life in the United Kingdom. The widespread use of consumer electronics for work, play, and communication—including laptops, tablets, and smartphones—reflects the strong desire for dependable and cutting-edge technology. In keeping with the UK's desire for more environmentally friendly transportation options, the automobile sector integrates electronic gadgets for electric vehicles and advanced driver assistance systems.
According to the research report "United Kingdom Batteries Market Overview, 2029," published by Bonafide Research, the United Kingdom market is anticipated to grow at more than 10.06% CAGR from 2024 to 2029. The UK battery market is boosted by several key factors. The rapid growth of electric vehicles (EVs) and hybrid vehicles drives demand for advanced batteries, particularly lithium-ion, due to the UK’s commitment to reducing carbon emissions and transitioning to greener transport solutions. Investments in renewable energy also enhance the market, as batteries are crucial for storing energy from sources like wind and solar to stabilize the grid and ensure reliable power supply. Technological advancements in battery technology, such as improvements in energy density and safety, further stimulate market growth. Additionally, government policies and incentives supporting green energy and electric mobility contribute to increased adoption of battery-powered solutions. The rise of consumer electronics and the need for portable power sources also support the market. Together, these factors foster innovation and growth within the UK battery industry.
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According to the report, the market is segmented into two types of batteries: primary and secondary. Among these types, the secondary segment is anticipated to dominate the market during the forecast period. Secondary battery growth, especially lithium-ion growth, is strong in the UK and is fuelled by a number of important variables. One significant factor is the growing use of electric cars (EVs), which is encouraged by laws and regulations meant to lower carbon emissions and promote greener modes of transportation. Because of their superior energy density, extended lifespan, and high efficiency, lithium-ion batteries are preferred for use in electric vehicles (EVs) and renewable energy storage solutions. This expansion is further supported by improvements in battery performance and cost reductions brought about by developments in battery technology and increased investments in research & development. Demand is also fuelled by the growth of energy storage technologies for grid integration of renewable energy sources like solar and wind. Their significance is further highlighted by the expanding usage of secondary batteries in portable electronics and consumer electronics.
The battery market in the United Kingdom is comprised of several distinct categories, such as lead-acid, lithium-ion, and nickel-based batteries, each with its own unique functions and growth paths. Lead-acid batteries are mostly utilized in fixed power backup systems and automobile starting, lighting, and ignition (SLI) applications. Because of their dependability and affordability, they have a well-established presence, although the development of more modern technology is limiting their market expansion. The spike in the use of electric vehicles (EVs) and the increasing demand for energy storage solutions to facilitate the integration of renewable energy sources are driving a substantial expansion in the lithium-ion battery market. The UK's determination to cut carbon emissions and switch to more environmentally friendly technologies is fueling the need for high-performance lithium-ion batteries in grid storage and transportation applications. Hybrid cars and specific industrial applications are among the niche markets that nickel-based batteries, such as nickel-metal hydride (NiMH) and nickel-cadmium (NiCd), continue to service.
Batteries are essential to many uses in the UK, which reflects the nation's aspirations for environmental preservation and technology. Batteries are used extensively in automotive applications, where there is a growing trend toward lithium-ion-powered electric vehicles (EVs) due to government incentives and the need for environmentally friendly transportation. In order to improve energy reliability, facilitate the shift to a low-carbon economy, and integrate renewable energy sources like solar and wind into the national grid, energy storage systems are essential. Batteries are used in consumer electronics to power a wide range of gadgets, such as tablets, laptops, and smartphones, satisfying the growing need for lightweight, effective energy sources. Energy storage technologies and backup power systems are used in industrial applications to maintain vital infrastructure and guarantee business continuity. Batteries are also used in smart home and medical technology, demonstrating the UK's commitment to innovation and sustainable energy sources.
COVID-19 Impacts:
The UK battery market saw significant interruptions and changes in demand as a result of the COVID-19 outbreak. The manufacture and distribution of important battery types, such as lithium-ion, which is used in electric vehicles (EVs) and renewable energy storage, were impacted by the initial disruptions in the supply chain, which resulted in delays and shortages in raw materials and completed battery products. Growth in these industries was first slowed by manufacturing stoppages and lower consumer expenditure. A few trends, such a greater reliance on digital communication and remote work, were also expedited by the epidemic, which raised demand for batteries in consumer goods like laptops and cellphones.
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Manmayi Raval
Research Consultant
Considered in this report
• Geography: United Kingdom
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029
Aspects covered in this report
• United Kingdom Batteries market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
By Type
• Primary
• Secondary
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The approach of the report:
We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.
Intended Audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the battery manufacturers, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Table of Contents
1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. United Kingdom Macro Economic Indicators
5. Market Dynamics
5.1. Market Drivers & Opportunities
5.2. Market Restraints & Challenges
5.3. Market Trends
5.3.1. XXXX
5.3.2. XXXX
5.3.3. XXXX
5.3.4. XXXX
5.3.5. XXXX
5.4. Covid-19 Effect
5.5. Supply chain Analysis
5.6. Policy & Regulatory Framework
5.7. Industry Experts Views
6. United Kingdom Batteries Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast, By Type
6.3. Market Size and Forecast, By Technology
6.4. Market Size and Forecast, By Application
7. United Kingdom Batteries Market Segmentations
7.1. United Kingdom Batteries Market, By Type
7.1.1. United Kingdom Batteries Market Size, By Primary, 2018-2029
7.1.2. United Kingdom Batteries Market Size, By Secondary, 2018-2029
7.2. United Kingdom Batteries Market, By Technology
7.2.1. United Kingdom Batteries Market Size, By Lead acid, 2018-2029
7.2.2. United Kingdom Batteries Market Size, By Lithium ion, 2018-2029
7.2.3. United Kingdom Batteries Market Size, By Nickel metal hybrid, 2018-2029
7.2.4. United Kingdom Batteries Market Size, By Nickel cadmium, 2018-2029
7.2.5. United Kingdom Batteries Market Size, By Others, 2018-2029
7.3. United Kingdom Batteries Market, By Application
7.3.1. United Kingdom Batteries Market Size, By Automotive Batteries, 2018-2029
7.3.2. United Kingdom Batteries Market Size, By Industrial Batteries, 2018-2029
7.3.3. United Kingdom Batteries Market Size, By Portable Batteries, 2018-2029
8. United Kingdom Batteries Market Opportunity Assessment
8.1. By Type, 2024 to 2029
8.2. By Technology, 2024 to 2029
8.3. By Application, 2024 to 2029
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer
Table 1: influencing factors for batteries market, 2023
Table 2: United Kingdom batteries market size and forecast, by type (2018 to 2029f) (in usd million)
Table 3: United Kingdom batteries market size and forecast, by technology (2018 to 2029f) (in usd million)
Table 4: United Kingdom batteries market size and forecast, by application (2018 to 2029f) (in usd million)
Table 5: United Kingdom batteries market size of primary (2018 to 2029) in usd million
Table 6: United Kingdom batteries market size of secondary (2018 to 2029) in usd million
Table 7: United Kingdom batteries market size of lead acid (2018 to 2029) in usd million
Table 8: United Kingdom batteries market size of lithium ion (2018 to 2029) in usd million
Table 9: United Kingdom batteries market size of nickel metal hybrid (2018 to 2029) in usd million
Table 10: United Kingdom batteries market size of nickel cadmium (2018 to 2029) in usd million
Table 11: United Kingdom batteries market size of others (2018 to 2029) in usd million
Table 12: United Kingdom batteries market size of automotive batteries (2018 to 2029) in usd million
Table 13: United Kingdom batteries market size of industrial batteries (2018 to 2029) in usd million
Table 14: United Kingdom batteries market size of portable batteries (2018 to 2029) in usd million
Figure 1: United Kingdom batteries market size by value (2018, 2023& 2029f) (in usd million)
Figure 2: market attractiveness index, by type
Figure 3: market attractiveness index, by technology
Figure 4: market attractiveness index, by application
Figure 5: porter's five forces of United Kingdom batteries market
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