* Forecast based on a CAGR of 7.39 percent for lithium-based batteries, 4.67 percent for lead acid batteries, and 7.41 percent for other batteries in the period from 2024 to 2031.
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Projected market value of industrial batteries in Europe 2023-2031, by chemistry
Lead acid batteries dominated the European industrial battery market in 2023, with a value of **** billion U.S. dollars. That same year, Europe's industrial lithium-based battery market was valued at some *** million U.S. dollars. Altogether, the market value of industrial batteries in Europe stood at **** billion U.S. dollars. This is forecast to increase over the next decade, as lead acid and lithium-based batteries would reach a market value of **** and **** billion U.S. dollars by the year 2031, respectively.
More information on the global industrial battery market can be found .
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Extrapolate. (February 9, 2024). Market value of batteries for industrial applications in Europe in 2023, with a forecast until 2031, by chemistry (in million U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1450807/industrial-battery-market-value-by-type-europe-forecast/
Extrapolate. "Market value of batteries for industrial applications in Europe in 2023, with a forecast until 2031, by chemistry (in million U.S. dollars)." Chart. February 9, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1450807/industrial-battery-market-value-by-type-europe-forecast/
Extrapolate. (2024). Market value of batteries for industrial applications in Europe in 2023, with a forecast until 2031, by chemistry (in million U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1450807/industrial-battery-market-value-by-type-europe-forecast/
Extrapolate. "Market Value of Batteries for Industrial Applications in Europe in 2023, with a Forecast until 2031, by Chemistry (in Million U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 9 Feb 2024, /statistics/1450807/industrial-battery-market-value-by-type-europe-forecast/
Extrapolate, Market value of batteries for industrial applications in Europe in 2023, with a forecast until 2031, by chemistry (in million U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1450807/industrial-battery-market-value-by-type-europe-forecast/ (last visited July 30, 2026)
Market value of batteries for industrial applications in Europe in 2023, with a forecast until 2031, by chemistry (in million U.S. dollars) [Graph], Extrapolate, February 9, 2024. [Online]. Available: /statistics/1450807/industrial-battery-market-value-by-type-europe-forecast/
