The battery market - France

Lithium batteries ; Lead batteries ; Nickel batteries; Alkaline batteries.

By type

Automotive batteries: designed to power automotive starting, lighting or ignition systems; Industrial batteries: designed exclusively for industrial or professional use; Portable batteries: sealed, hand-carryable batteries that are neither automotive nor industrial.

The battery market is dominated by global giants in electronics and automotive equipment, leaving little room for new entrants. Lithium-ion batteries, the most popular batteries, are used in cell phones and computers, as well as in electric vehicles (bicycles, cars, etc.). Lead batteries, on the other hand, are preferred for energy storage. The global market, estimated at $134.62 billion in 2024, is set to grow at a CAGR of 16.4% to 2030. It is largely dominated by the Asian market, with the ten biggest companies in the sector coming from just three countries: China, Japan and South Korea. The main factors influencing the market are the falling price of lithium-ion batteries, whose price is just starting to rise, the rapid adoption of electric vehicles, the growth of the renewable energy sector and the increased sale of consumer electronics. On the other hand, the mismatch between supply and demand for the raw materials needed to manufacture batteries could hamper market growth. The French market is also booming, after a slight downturn following the health crisis. France is home to a number of start-ups that are teaming up with major automakers and expanding rapidly. As a result, the French battery market is evolving rapidly, and could soon occupy a central role in Europe, driven in particular by new European regulations.