Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Saudi Arabia New Energy Vehicle Market, The UK Lithium-Ion Battery Market size was valued at around USD 19.2 million in 2024 and is projected to reach USD 108.2 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 16.2% during the forecast period, i.e., 2025-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Saudi Arabia New Energy Vehicle Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2025-2030
• Market Size in 2024: USD 19.2 million
• CAGR (2025-2030): 16.2%

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UK Lithium-Ion Battery Market Segmentation Breakdown:

The Saudi Arabia New Energy Vehicle Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

By Type

• Lithium Cobalt Oxide
• Lithium Manganese Oxide
• Lithium Iron Phosphate
• Lithium Nickel Cobalt Aluminum Oxide
• Lithium Titanate Oxide
• Lithium Nickel Manganese Cobalt

Amongst all types of Lithium-Ion batteries, Lithium Cobalt Oxide (LCO) batteries are used most extensively due to their high specific energy delivered over a relatively long period under low-load applications.

By Application

• Consumer Electronics
• Industrial
• Automotive

Of them all, the automotive industry holds the largest share of the UK Lithium-Ion Battery Market, owing prominently to the rising penetration of electric vehicles in the UK, declining battery prices, and various technological advancements in batteries.

By Voltage

• Low (upto 12V)
• Medium (13V to 35V)
• High (More Than 35V)

By Power Capacity

• Less Than 3,000 mAh
• 3,000 to 10,000 mAh
• 10,000 to 50,000 mAh
• 50,000 mAh & Above

Geographical Growth Insights:

By Region

• England
• Scotland
• Wales
• Northern Ireland

Here, England captured the largest market share in the UK Lithium-Ion Battery Market, principally due to the surging adoption of Lithium-Ion batteries in automobiles since the transportation sector is the largest source of carbon emissions in England.

MarkNtel Advisors Highlights Key Market Drivers for UK Lithium-Ion Battery Market:

Burgeoning Adoption of Electric Vehicles - Lithium-Ion batteries are used widely as a power source for electric vehicles, the adoption of which is rapidly increasing to attain a long-term transition to a low-carbon economy in the country. EVs run on lithium-ion batteries that help reduce the Green House Gases (GHG) and air pollutants, which emit from road transportation. Hence, the increasing inclination toward EVs is expected to significantly increase the demand for Lithium-ion batteries and, in turn, would drive the overall market during 2025-30.

A Comprehensive Analysis of Leading Companies in UK Lithium-Ion Battery Market

• Murata Electronics
• Samsung SDI Co. Ltd.
• Panasonic Industry Europe GmbH
• Envision AESC Group Ltd.
• BYD Co. Ltd.
• Exide Technologies
• GS Yuasa Battery Europe Ltd
• Johnson Matthey Battery Systems
• LG Chem Europe GmbH
• Saft Groupe S.A.
• Others

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What are the Trend driving the UK Lithium-Ion Battery Market?

Declining Prices of Lithium-Ion Batteries - The prices of Lithium-Ion batteries used in phones, tablets, electric vehicles, and laptops have declined dramatically over the past three decades. It is majorly due to various R&D activities that led to the adoption of advanced technologies to increase the cell charge densities entwined with the rapid increase in their production at lower costs. Among all components of lithium-ion batteries, the cell accounts for the maximum costs of batteries. However, innovations by lithium-ion battery manufacturers and automotive companies cite that the prices of these batteries shall decline substantially in the coming years, which, in turn, would increase their adoption & drive the market.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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