
UK Lithium-Ion Battery Market Research Report: Forecast (2025-2030)
UK Lithium-Ion Battery Market - By Type (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate, Lithium Nickel Cobalt Aluminum Oxide, Lithium Titanate Oxide, Lithiu...m Nickel Manganese Cobalt), By Application (Consumer Electronics, Industrial, Automotive), 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), and others Read more
- Energy
- Jan 2024
- 92
- PDF, Excel, PPT
Market Definition
A Lithium-Ion (Li-Ion) battery is a kind of rechargeable battery in which lithium-ions travel from negatively charged to positively charged electrodes through the electrolyte and back when charging. The increasing inclination toward electrifying & decarbonizing the transportation sector of the UK and the mounting need to address rapid climate changes & build a clean-energy economy are driving the demand for lithium-ion batteries in the country.
Market Insights & Analysis: UK Lithium-Ion Battery Market (2025-30)
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. The growth of the market is driven principally due to the various government initiatives toward electrification of the transportation sector to curb carbon emissions. The automotive industry is the primary end-user of Lithium-Ion batteries in the United Kingdom. Besides, the mounting demand for Plug-in Hybrid Electric Vehicles (PHEVs) and the surging number of EV charging points is another crucial aspect projected to boost the market during 2025-30.
Report Coverage | Details |
---|---|
Historical Years | 2020-23 |
Base Years
|
2024
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Forecast Years
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2025-30
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Market Value in 2024 | USD 19.2 Million |
Market Value in 2030 | USD 108.2 Million |
CAGR (2025-30) | 16.2% |
Leading Region | England |
Top Key Players | 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. and others |
Key Report Highlights |
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Furthermore, the mounting penetration of electronic devices, including laptops, tablets, smartphones, etc., is another crucial factor propelling the market growth. Moreover, due to benefits like the ability to support high current applications and the long life span, numerous end-users are adopting lithium-ion batteries, which, in turn, is contributing to the overall market growth.
UK Lithium-Ion Battery Market Driver:
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.

UK Lithium-Ion Battery Market Challenge:
Safety Concerns Related to the Transportation & Storage of Lithium-Ion Batteries - Transportation, storage, & safety issues associated with used lithium-ion batteries are the major factors that can hamper the growth of the Lithium-Ion Battery Market in the UK. The battery includes hazardous chemicals & heavy metals, which is why they must be stored safely in water-tight containers and kept away from flammable materials to avoid any fire incidence. Lithium-Ion batteries pose excellent performance, owing to which they are used extensively in electronics items & Electric Vehicles (EVs). However, frequent explosions & fires limit their further applications.
UK Lithium-Ion Battery Market Trend:
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.
Mounting Efforts to Commercialize Battery Recycling - The battery recycling process is gaining a rapid pace in the UK's EV sector market. It is expected that a few EV battery components like lithium & cobalt will be under short supply after 2024. Since the demand for EVs is expected to surge significantly in the coming years, mainly due to the increasing inclination toward transitioning into a low-carbon future, the production & sales of battery materials would also soar dramatically. This projected boost in the demand for batteries presents a lucrative opportunity for the recycling industry to enter the lithium-ion battery supply chain.
UK Lithium-Ion Battery Market (2025-30): Segmentation Analysis
The UK Lithium-Ion Battery Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–2030 at the level. According to the analysis, the market has been further classified as:
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. As a result, it makes them ideal for mobile phones, laptops, & digital cameras. However, LCO batteries have low thermal stability, which causes several safety concerns. Moreover, since cobalt is highly expensive & toxic, these batteries are not cost-effective. Additionally, their low specific power restrains their performance in high-load applications. Hence, these aspects associated with LCO batteries are leading to their reducing popularity in the UK market.
On the other hand, the demand for Lithium Nickel Manganese Cobalt (NMC) batteries is expected to witness the fastest growth during the forecast period due to their significantly high demand among EV manufacturers for their lower costs, higher energy density, and longer cycle life. The rapidly increasing manufacturing of EVs to cater to the burgeoning requirements of customers is projected to further augment the procurement of Lithium Nickel Manganese Cobalt batteries in the UK over the forecast years.
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. Moreover, with the mounting need to reduce carbon emissions, the UK government is taking several initiatives toward electrifying the transportation sector, thereby promoting the adoption of electric automobiles.
Hence, the surging demand for electric vehicles will lead to a steady supply of lithium-ion batteries, which, as a result, would propel the overall market growth in the coming years. In 2018, the government of the United Kingdom launched the “Road to Zero” strategy. The prime reason behind this launch was to fuel the sales of electric vehicles that can drive a significant distance with no carbon emissions in the country. Such programs & initiatives are expected to fuel the sales of electric vehicles in the UK and encourage the demand for Lithium-Ion batteries over the forecast years.
On the other hand, Consumer Electronics is expected to hold a substantial market share during 2025-30. The increasing demand for devices with long-life batteries is the most prominent aspect fueling the market growth around the consumer electronics industry. In addition, rising competition among electronics manufacturers to offer superior products with high battery capacity is also providing lucrative growth opportunities to the market around the consumer electronics sector. Moreover, with the introduction of new features in electronics items, more & more consumers are increasingly purchasing those products, thereby infusing the production & sales of lithium-ion batteries for them. Hence, with the growing demand for consumer electronics, the need for lithium-ion batteries is also expected to increase significantly in the coming years.
UK Lithium-Ion Battery Market Regional Projection
Geographically, the UK Lithium-Ion Battery Market expands across:
- 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. The establishment of a new plant in England is expected to boost the EV industry in the country. A 235-acre Power Station site purchased in Blyth will produce Lithium-Ion batteries for EVs, i.e., expected to begin in 2023.
The new gigafactory will help meet the desired expectation of EV batteries and achieve the target of net-zero carbons by 2050. Further, substantial investments in making technologically advanced consumer electronics, including laptops & smartphones, is another crucial factor fueling the overall growth of the Lithium-Ion Battery Market in England.
Gain a Competitive Edge with Our UK Lithium-Ion Battery Market Report
- UK Lithium-Ion Battery Market Report by Markntel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations to gain a holistic understanding of market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing business organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
- UK Lithium-Ion Battery Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.
*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Frequently Asked Questions
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Preface
- Executive Summary
- Impact of COVID-19 on The UK Lithium-Ion Battery Market
- The United Kingdom Lithium-Ion Battery Market Outlook, 2020-2030F
- Market Size & Analysis
- Market Revenues
- Unit Sold
- Market Share & Analysis
- By Type
- Lithium Cobalt Oxide
- Lithium Manganese Oxide
- Lithium Iron Phosphate
- Lithium Nickel Cobalt Aluminum Oxide
- Lithium Titanate Oxide
- Lithium Nickel Manganese Cobalt
- By Application
- Consumer Electronics
- Industrial
- Automotive
- 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
- By Region
- England
- Scotland
- Wales
- Northern Ireland
- By Company
- Competition Characteristics
- Market Share & Analysis
- Competitive Metrix
- By Type
- Market Size & Analysis
- The United Kingdom Consumer Electronics Lithium-Ion Battery Market Outlook, 2020-2030F
- Market Size & Analysis
- Market Revenues
- Unit Sold
- Market Share & Analysis
- By Type
- Smartphones
- Laptops
- UPS
- Others (Gardening Tools, Games, etc.)
- By Voltage
- By Power Capacity
- By Region
- By Type
- Market Size & Analysis
- The United Kingdom Industrial Lithium-Ion Battery Market Analysis, 2020-2030F
- Market Size & Analysis
- Market Revenues
- Unit Sold
- Market Share & Analysis
- By Type
- Commercial Aircraft
- Mining Equipment
- Commercial Ships
- Construction Equipment
- Energy Storage
- Others (Automated Mobile Robots, etc.)
- By Voltage
- By Power Capacity
- By Region
- By Type
- Market Size & Analysis
- The United Kingdom Automotive Lithium-Ion Battery Market Outlook, 2020-2030F
- Market Size & Analysis
- Market Revenues
- Unit Sold
- Market Share & Analysis
- By Type
- Battery Electric Vehicles
- Plug-In Hybrid Electric Vehicles
- By Voltage
- By Power Capacity
- By Region
- By Type
- Market Size & Analysis
- The United Kingdom Lithium-Ion Battery Market Trends & Developments
- The United Kingdom Lithium-Ion Battery Value Chain Analysis
- The United Kingdom Lithium-Ion Battery Regulations and Policies
- The United Kingdom Lithium-Ion Battery Market Dynamics
- Impact Analysis
- Drivers
- Challenges
- Key Strategic Imperatives for Success and Growth
- The United Kingdom Lithium-Ion Battery Market Hotspots & Opportunities
- Competitive Benchmarking
- Competition Matrix
- Product Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profiles
- 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
- Competition Matrix
- Disclaimer
