The battery market - Italy

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 due to investments in innovation and sustainability, further consolidating the role of lithium-ion batteries.