Battery market grows

Battery insulation

Battery market grows

The German battery market grew by a total of 35 percent in 2020 to 5.9 billion euros, accelerating its growth compared with 2019. Lithium-ion batteries accounted for the largest share of the market at 3 billion euros. The segment grew by 63 percent year-on-year.

The market volume for lithium-ion batteries is due in part to the strong growth in imports of battery cells to Germany. While the majority of battery imports in 2019 came from Asia, Europe has caught up with Asia as an import region. As a result, European battery imports are up 79 percent year-on-year to nearly €3.8 billion and account for 52 percent of the total import volume.

It is important to note that while most battery cells are imported into Germany, manufacturers here use their specialized know-how to produce the complex battery systems from the cells.

The ongoing revision of European battery legislation will further strengthen the existing circular economy and sustainability of batteries.

In our article Materials for electrical and thermal insulation we present materials for the production of batteries and accumulators.

Share this post