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1 Market Overview
1.1 Definition and presentation
The term battery refers to adevice consisting of one or more electrochemical cells and used to power energy devices. Batteries are used par operate most everyday objects such as cell phones, cars, computers, andwatches. There are different types of batteries on the market, distinguished by type, primary and secondary, by application, by size, power and more. The batteries that dominate the global market are lithium-ion battery, accounting for 38.32 percent of total revenues globally, including its variants, and lead-acid battery, accounting for 48.87 percent.
The battery market covers a wide range of activities from manufacturing to distribution and supply of energy storage devices, which are essential for various applications. From consumer electronics and automotive vehicles to renewable energy storage and industrial use, batteries play a crucial role in supporting global energy demand. With growth expected to soar, this market is driven by the increased use of UPS (Uninterruptible Power Supply) equipment in key industries such as healthcare, oil and gas, and the chemical industry. The future of the industry is marked by competition between lead-acid batteries, prized for their reliability and low cost, and lithium-ion batteries, expected to gain market share due to their efficiency and light weight. In particular, the favorable policy environment and growing demand for consumer electronics and electric vehicles are accelerating the expansion of the market, with global growth forecast to see the industry grow from US$146.20 billion in 2024 to about US$679 billion by 2034.
In Europe, the battery industry is experiencing strong growth, with Germany leading the way thanks to the key role of its automotive industry. In Italy, the industry has shown signs of recovery after an initial decline due to the pandemic, registering a significant increase in active companies and growing demand fueled by the expansion of electric vehicles and renewable energy. The battery market in Italy, identified by ATECO code 27.20, is expected to continue to grow thanks to investments in innovation and sustainability, further solidifying the role of lithium-ion batteries as the technology of the future for the European and global markets.
1.2 A growing global market
The battery market covers a broad spectrum of activities including the manufacture, distribution, and supply of these energy storage devices. Batteries play a crucial role in numerous applications, ranging from consumer electronics and automotive vehicles to renewable energy storage and use in industrial sectors. The market is expected to grow strongly, ...
1.3 The European market
Size of the European market
The European battery market is expected to reach a value of $**.** billionby the end of the year, with an estimated growth to $**.** billion over the next five years, registering a compound annual growth rate(***) of **.** percent during the forecast period.
In the medium term, the main ...
1.4 Italian Market
To analyze the size of the Italian market, we consider the turnover trend from **** to ****, according to data from the ISTAT database. Between **** and ****, there was a significant decline of **.* percent, indicating a market contraction during that period. However, there was a strong recovery between **** and ****, with an increase of **.* percent, ...
1.5 Foreign Market
The following graphs show the evolution of the trade balance, analyzing imports and exports of:
Lithium cells and batteries (***) - HS code ****** Lead-acid accumulators (***), i.e., lead-acid batteries - HS code ******
Lithium cells and batteries
Battery imports to Italy have dominated the market in recent years, registering significant growth. From **** to ...
1.6 Impact of recent geo-political events
According to Ipcei's analysis, the global lithium-ion battery (***) market continues to grow dynamically despite difficult market conditions, such as the aftermath of the COVID-** pandemic, Russia's war in Ukraine, and rising raw material costs[***].
Among the minimum and maximum scenarios, shown by Ipcei (***), there is a more realistic scenario, which is ...
2 Demand analysis
2.1 Demand in Italy
To construct a comprehensive analysis of battery demand in Italy, it is essential to make use of several sources of data, including those related to the battery collection and recycling system. These data provide valuable information on increasing battery consumption and future trends in demand. For example, an increase in lead-acid ...
2.2 Demand drivers
Battery consumption in Italy varies according to the type of device Italians prefer to use. Batteries are used in a wide range of products, including portable devices, automobiles, renewable energy technologies, and other everyday devices.
Consumption for portable devices
The use of batteries for portable devices such as smartphones, tablets, and ...
2.3 Battery and accumulator collection by regions
Data on the collection of portable batteries and accumulators in the different regions of Italy, considering only the flows managed directly by the CDCNPA(***), show significant variations. Although there is an overall increase at the national level, the southern regions performed the best, with an increase close to ** percent. The Central ...
2.4 Stationary storage systems
Stationary storage systems (***) of **.** percent through ****. By that year, the market could reach a value of about $***.** billion.Lithium-ion batteries dominate the field of stationary storage systems due to their high energy density and longevity, and are the main technology used for these applications. Stationary storage systems are critical not only ...
3 Market structure
3.1 Market structure and market dynamics
The market identified by ATECO code **.**, relating to the manufacture of batteries, batteries and electric accumulators, has shown a positive trend in recent years, showing significant growth in active enterprises. After a ** percent decline in **** compared to the previous year, mainly due to the effects of the pandemic and the resulting ...
3.3 Value chain
The chart below shows the battery value chain in Europe starting from raw material flows to battery recycling. All data below were taken from Ipcei 's analysis of the resilient supply chain in the battery industry, published in ****.
[***]
Mining: a variety of minerals are needed for battery production, such as ...
3.3 Distribution channels
To fully analyze the distribution channels of the battery market, it is necessary to consider several ATECO codes representing wholesale and retail trade activities in specific sectors. One relevant code is **.**.**, which refers to wholesale trade in machinery and equipment for industry, trade and navigation not elsewhere classified (***). This code is ...
3.4 Main actors
Major battery manufacturers in the world
In ****, the battery manufacturing sector for light electric vehicles, which includes cars, SUVs, light commercial vehicles, and pickup trucks, grew faster than the electric vehicle market itself. Battery production increased by ** percent, while electric vehicle production grew by ** percent. This gap is mainly due to ...
4 Supply analysis
4.1 Supply analysis
Current and planned supply
In summary, lithium-ion cells are currently produced at several sites in Europe, only one located in Italy, and many more are planned to be started by **** throughout Europe. Plants with large production capacities are located almost exclusively in Poland and Hungary. Germany, on the other hand, has ...
4.2 The prices
In ****, the battery market continues to see significant price reductions, especially for lithium-ion batteries, which are increasingly dominant in the industry. Lithium iron phosphate (***) for stationary storage systems.
NMC (***) batteries, used in many automotive and industrial applications, have also seen a significant drop, with average prices of $** per kWh. The price ...
4.3 AI and the battery market
In ****, the battery and artificial intelligence (***) markets are becoming increasingly intertwined as AI is integrated to optimize battery production, consumption, and recycling. AI is playing a crucial role in the development of advanced battery management technologies, enabling improved efficiency, durability and safety of energy storage systems. This is particularly evident in ...
5 Regulations
5.1 Regulatory framework
Regulations related to the battery market in Italy and Europe are mainly developed in two areas: environmental management and industry regulation. The regulations address issues related to the production, placing on the market, use, recycling and disposal of batteries. The main regulations at the European and Italian levels are outlined ...
5.2 Bonuses and Incentives
The Italian market for batteries, especially lithium-ion batteries, is experiencing sustained growth, although not at the level of other leading nations such as Germany or China. However, Italy is investing in the creation of gigafactories to increase domestic production, thanks to projects such as those of Faam, Itavolt and ACC. In ...
6 Positioning of actors
6.1 Segmentation
- FIAMM
- EXIDE
- FIB - Faam
- Tesla
- CATL
- Automotive Cells Company (ACC)
List of charts presented in this market study
- Global battery market value
- Battery market composition (by region)
- Size of the European battery market
- Value of sales - Manufacture of batteries of batteries and electric accumulators
- Production value - Manufacture of batteries of electric batteries and accumulators
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Latest news
a new kind of battery capable, he claims, of powering aircraft - 20/04/2023
- CATL's new battery has an energy density of 500 Wh/kg, twice that of the current "Qilin" model, which has an energy density of 255 Wh/kg.
- The "Qilin" battery can propel an electric vehicle 1,000 km on a single charge. The technology used is called "condensed matter battery", and increases the efficiency of lithium-ion without compromising its safety.
- CATL will be launching mass production for the automotive market this year.
- The aviation version of the new battery will be ten times more expensive than the automotive version.
Electric cars: China dominates the battery market - 29/01/2023
- CATL's first investment outside China 1.8 billion euros invested
- Production of lithium-ion battery cells in Erfurt, Germany
- 7 billion investment in second battery plant in Hungary
- Batteries account for around 40% of the value of an electric vehicle
- China now exports more cars than Germany
Chinese giant CATL is riding the electric car wave. - 23/06/2022
- CATL, has raised 45 billion yuan (6.4 billion euros) through a private placement with institutional investors.
- The Chinese battery giant is riding the electric vehicle boom.
- CATL reaches a record high in December with a capitalization of 240 billion euros.
- LG Energy Solution raises $10.7 billion in January.
- BYD raises $1.8 billion in Hong Kong in October.
Batteries: Chinese giant CATL takes advantage of the electric car boom. - 23/06/2022
- The world leader in lithium-ion batteries and supplier to Tesla has raised 45 billion yuan (6.4 billion euros) through a private placement.
- It is neck and neck with South Korea's LG Energy Solution.
- CATL occupies nearly 30% of the world market and more than half of the market in China, giving it powerful economies of scale.
- CATL's market capitalization now approaches 180 billion euros.
- CATL set a new record in December, with a market capitalization of 240 billion euros.
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the battery market | Italy
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