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    UK Lithium Ion Battery Market

    ID: MRFR/SEM/45295-HCR
    200 Pages
    Garvit Vyas
    September 2025

    UK Lithium Ion Battery Market Research Report By Type (Lithium Nickel Manganese Cobalt, Lithium Manganese Oxide, Lithium Iron Phosphate, Lithium Cobalt Oxide, Lithium Nickle Cobalt Aluminum Oxide, Lithium Titanate Oxide), By Capacity (0- 3000 mAh, 3000-10000 mAh, 10000-60000 mAh, 60000 mAh, above), By Voltage (Low (below 12V), Medium (below 12V-36V), High (Above 36V)) and By Industry (Automotive, Aerospace, Consumer Electronics, Marine, Industrial, Power, Telecommunication, Medical)- Forecast to 2035

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    Table of Contents

    UK Lithium Ion Battery Market Summary

    The United Kingdom Lithium-Ion Battery market is poised for substantial growth, projected to reach 6.4 USD Billion by 2035 from a base of 2.5 USD Billion in 2024.

    Key Market Trends & Highlights

    UK Lithium-Ion Battery Key Trends and Highlights

    • The market is expected to grow from 2.5 USD Billion in 2024 to 6.4 USD Billion by 2035.
    • A compound annual growth rate (CAGR) of 8.92 percent is anticipated from 2025 to 2035.
    • The increasing demand for electric vehicles is likely to drive the growth of the lithium-ion battery market in the UK.
    • Growing adoption of renewable energy technologies due to environmental concerns is a major market driver.

    Market Size & Forecast

    2024 Market Size 2.5 (USD Billion)
    2035 Market Size 6.4 (USD Billion)
    CAGR (2025-2035) 8.92%

    Major Players

    AESC, Ferroglobe, Contemporary Amperex Technology, BASF, Tesla, Northvolt, Britishvolt, Panasonic, Amperex Technology, Solvay, Umicore, Schaeffler, CATL, Samsung SDI, LG Energy Solution

    UK Lithium Ion Battery Market Trends

    The UK Lithium-Ion Battery Market is now experiencing new developments due to the increased government attention on sustainability and clean energy. The UK government has set aggressive goals to reach net-zero emissions by 2050 which significantly impacts the growth of lithium-ion batteries, especially in areas such as electric vehicles (EVs) and renewable energy storage. The automotive industry is increasing the availability of electric vehicles, as car manufacturers are switching to electrification, a shift that is encouraged by government policies such as responsive subsidy grants for EV purchases and investments in battery technology research.

    The UK Lithium-Ion Battery Market has promising prospects along with improvements in battery recycling technologies and developing local supply chains.

    The UK seeks to position itself as a leader in battery manufacturing to lessen reliance on imported batteries to strengthen economic supply chains and create job opportunities. This shift fosters further development of innovation opportunities related to battery design and sustainability practices. Recent developments indicate that there is an increase in the collaboration of industry stakeholders and research institutions toward the development of better battery technology, especially in achieving a balance between efficiency and sustainability.

    Greater focus on minimizing the environmental effects of producing batteries and increasing their lifespan has resulted in the greater exploration of alternative materials and new techniques for manufacturing.

    Research and development investments are becoming a prerequisite for businesses seeking to optimize operations while complying with new governance aimed at enhancing overall sustainability, in balanced approaches that go beyond systems thinking. These shifts are bound to accelerate technological innovations while supporting the growth of a green economy in the UK.

    UK Lithium Ion Battery Market Drivers

    Market Segment Insights

    Get more detailed insights about UK Lithium Ion Battery Market Research Report - Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    The UK Lithium-Ion Battery Market has been experiencing significant growth and evolution, shaped by the increasing demand for renewable energy storage and electric vehicles. This surge in demand has attracted numerous players aiming to establish a strong foothold in the market, leading to intense competition. In this dynamic landscape, companies are focusing on innovation, operational efficiency, and strategic partnerships to enhance their offerings and capture market share. The landscape is further influenced by advancements in technology, government policies promoting sustainable energy solutions, and the growing awareness of the environmental benefits of lithium-ion batteries. 

    Companies that can harmonize these various elements stand to gain a competitive advantage in this vibrant market.AESC has emerged as a prominent player in the UK Lithium-Ion Battery Market, recognized for its commitment to quality and innovation. Its extensive capabilities in manufacturing high-performance batteries have positioned it favorably amid growing competition. AESC has developed a reputation for producing batteries that offer superior energy density and longevity, making them particularly well-suited for electric vehicles and energy storage applications. This company's strong relationships with various stakeholders, including automotive manufacturers and technology developers, bolster its market presence. 

    Furthermore, AESC's research and development initiatives focus on enhancing battery technologies, which not only strengthens its product portfolio but also addresses the evolving demands of the UK market.Ferroglobe has built a notable presence in the UK Lithium-Ion Battery Market by supplying essential materials that are integral to battery production. The company is recognized for its high-quality silicon products, which are vital for enhancing battery performance and efficiency. Ferroglobe's strengths lie in its advanced manufacturing processes and a robust supply chain network that ensures reliable delivery of materials to battery manufacturers in the region. 

    Additionally, Ferroglobe has engaged in strategic mergers and acquisitions, enhancing its capabilities in the production of battery-grade materials. By focusing on sustainability and innovation, Ferroglobe is positioned to meet the growing demand for lithium-ion batteries, making it a key player in the UK context. Their service offerings are tailored to support the increasing shift towards cleaner energy technologies, further solidifying their role in the market.

    Key Companies in the UK Lithium Ion Battery Market market include

    Industry Developments

    The UK Lithium-Ion Battery Market has seen significant developments recently, with companies actively engaging in initiatives to enhance production capabilities and innovate technology. In August 2023, Britishvolt announced plans for a new gigafactory in Northumberland, aimed at bolstering the UK's electric vehicle supply chain. Additionally, AESC aimed to expand its operations by entering a partnership to build a new manufacturing facility in the UK that aligns with government green initiatives. 

    In September 2023, Tesla disclosed intentions to set up a battery recycling facility in the UK, a move intended to address sustainability in battery production. There have been notable mergers and acquisitions, such as Ferroglobe acquiring a majority stake in a UK-based lithium supplier in July 2023, which enhances its resource base and market position in the region. The market has witnessed robust growth, with a valuation increase driven by rising demand for electric vehicles, infrastructure development, and a focused push for greener technologies.

    In recent years, the UK government has committed to significant investments to support the lithium-ion battery sector, reflecting its importance in achieving net-zero emissions by 2050.

    Market Segmentation

    Outlook

    • Lithium Nickel Manganese Cobalt
    • Lithium Manganese Oxide
    • Lithium Iron Phosphate
    • Lithium Cobalt Oxide
    • Lithium Nickle Cobalt Aluminum Oxide
    • Lithium Titanate Oxide

    Lithium-Ion Battery Market Type Outlook

    • Lithium Nickel Manganese Cobalt
    • Lithium Manganese Oxide
    • Lithium Iron Phosphate
    • Lithium Cobalt Oxide
    • Lithium Nickle Cobalt Aluminum Oxide
    • Lithium Titanate Oxide

    Lithium-Ion Battery Market Voltage Outlook

    • Low (below 12V)
    • Medium (below 12V-36V)
    • High (Above 36V)

    Lithium-Ion Battery Market Capacity Outlook

    • 0- 3000 mAh
    • 3000-10000 mAh
    • 10000-60000 mAh
    • 60000 mAh
    • above

    Lithium-Ion Battery Market Industry Outlook

    • Automotive
    • Aerospace
    • Consumer Electronics
    • Marine
    • Industrial
    • Power
    • Telecommunication
    • Medical

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 2.22 (USD Billion)
    MARKET SIZE 2024 2.5 (USD Billion)
    MARKET SIZE 2035 6.4 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 8.921% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED AESC, Ferroglobe, Contemporary Amperex Technology, BASF, Tesla, Northvolt, Britishvolt, Panasonic, Amperex Technology, Solvay, Umicore, Schaeffler, CATL, Samsung SDI, LG Energy Solution
    SEGMENTS COVERED Type, Capacity, Voltage, Industry
    KEY MARKET OPPORTUNITIES EV market growth, Renewable energy storage, Energy density improvement, Recycling and sustainability solutions, Regulatory support and incentives
    KEY MARKET DYNAMICS growing electric vehicle demand, advancements in battery technology, rising renewable energy integration, increasing recycling initiatives, government regulations and incentives
    COUNTRIES COVERED UK

    Market Highlights

    Author
    Garvit Vyas
    Analyst

    Explore the profile of Garvit Vyas, one of our esteemed authors at Market Research Future, and access their expert research contributions in the field of market research and industry analysis

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    FAQs

    What is the expected market size of the UK Lithium-Ion Battery Market in 2024?

    The UK Lithium-Ion Battery Market is expected to be valued at 2.5 billion USD in 2024.

    What is the projected market size for the UK Lithium-Ion Battery Market by 2035?

    By 2035, the UK Lithium-Ion Battery Market is anticipated to reach 6.4 billion USD.

    What is the expected CAGR for the UK Lithium-Ion Battery Market from 2025 to 2035?

    The market is expected to grow at a CAGR of 8.921 percent during the period from 2025 to 2035.

    Who are the key players in the UK Lithium-Ion Battery Market?

    Major players include AESC, Ferroglobe, Contemporary Amperex Technology, BASF, Tesla, Northvolt, Britishvolt, and Panasonic among others.

    Which type of lithium-ion battery is projected to have the highest market value in 2035?

    The Lithium Nickel Manganese Cobalt type is projected to reach a market value of 1.75 billion USD in 2035.

    What is the market value of Lithium Iron Phosphate batteries in 2024?

    The market value for Lithium Iron Phosphate batteries is expected to be 0.45 billion USD in 2024.

    What growth opportunity exists for the UK Lithium-Ion Battery Market in terms of applications?

    The increasing adoption of electric vehicles and renewable energy storage solutions presents significant growth opportunities.

    What is the estimated market size for the Lithium Manganese Oxide segment in 2035?

    The Lithium Manganese Oxide segment is estimated to reach a market size of 1.45 billion USD by 2035.

    Which lithium-ion battery type has the lowest projected market value in 2024?

    The Lithium Nickel Cobalt Aluminum Oxide type is expected to have the lowest market value at 0.3 billion USD in 2024.

    What challenges might impact the growth of the UK Lithium-Ion Battery Market in the coming years?

    Challenges may include supply chain disruptions and fluctuating raw material costs which could impact market growth.

    1. 'TABLE OF CONTENTS
    2. EXECUTIVE SUMMARY
      1. Market Overview
      2. Key Findings
      3. Market Segmentation
      4. Competitive Landscape
      5. Challenges and Opportunities
      6. Future Outlook
    3. MARKET INTRODUCTION
      1. Definition
      2. Scope of the study
        1. Research
    4. Objective
      1. Assumption
        1. Limitations
    5. RESEARCH METHODOLOGY
      1. Overview
      2. Data Mining
      3. Secondary Research
    6. Primary Research
      1. Primary Interviews and Information Gathering Process
        1. Breakdown of Primary Respondents
      2. Forecasting Model
    7. Market Size Estimation
      1. Bottom-Up Approach
        1. Top-Down Approach
      2. Data Triangulation
      3. Validation
    8. MARKET DYNAMICS
      1. Overview
      2. Drivers
      3. Restraints
      4. Opportunities
    9. MARKET FACTOR ANALYSIS
      1. Value chain Analysis
      2. Porter''s
    10. Five Forces Analysis
      1. Bargaining Power of Suppliers
        1. Bargaining
    11. Power of Buyers
      1. Threat of New Entrants
        1. Threat of Substitutes
        2. Intensity of Rivalry
      2. COVID-19 Impact Analysis
    12. Market Impact Analysis
      1. Regional Impact
        1. Opportunity and
    13. Threat Analysis
    14. UK LITHIUM-ION BATTERY MARKET, BY TYPE (USD BILLION)
      1. Lithium Nickel Manganese Cobalt
      2. Lithium Manganese Oxide
    15. Lithium Iron Phosphate
      1. Lithium Cobalt Oxide
      2. Lithium Nickle
    16. Cobalt Aluminum Oxide
      1. Lithium Titanate Oxide
    17. UK LITHIUM-ION
    18. BATTERY MARKET, BY CAPACITY (USD BILLION)
      1. 0- 3000 mAh
    19. mAh
      1. 10000-60000 mAh
      2. 60000 mAh
      3. above
    20. UK
    21. LITHIUM-ION BATTERY MARKET, BY VOLTAGE (USD BILLION)
      1. Low (below 12V)
      2. Medium (below 12V-36V)
      3. High (Above 36V)
    22. UK LITHIUM-ION
    23. BATTERY MARKET, BY INDUSTRY (USD BILLION)
      1. Automotive
      2. Aerospace
      3. Consumer Electronics
      4. Marine
      5. Industrial
    24. Power
      1. Telecommunication
      2. Medical
    25. COMPETITIVE LANDSCAPE
      1. Overview
      2. Competitive Analysis
      3. Market share Analysis
      4. Major Growth Strategy in the Lithium-Ion Battery Market
    26. Competitive Benchmarking
      1. Leading Players in Terms of Number of Developments
    27. in the Lithium-Ion Battery Market
      1. Key developments and growth strategies
        1. New Product Launch/Service Deployment
        2. Merger & Acquisitions
        3. Joint Ventures
      2. Major Players Financial Matrix
    28. Sales and Operating Income
      1. Major Players R&D Expenditure. 2023
    29. COMPANY PROFILES
      1. AESC
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      2. Ferroglobe
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    30. Analysis
      1. Key Strategies
      2. Contemporary Amperex Technology
        1. Financial Overview
        2. Products Offered
        3. Key
    31. Developments
      1. SWOT Analysis
        1. Key Strategies
    32. BASF
      1. Financial Overview
        1. Products Offered
    33. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    34. Tesla
      1. Financial Overview
        1. Products Offered
    35. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    36. Northvolt
      1. Financial Overview
        1. Products Offered
    37. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    38. Britishvolt
      1. Financial Overview
        1. Products Offered
        2. Key Developments
        3. SWOT Analysis
        4. Key Strategies
      2. Panasonic
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT Analysis
        5. Key Strategies
      3. Amperex Technology
        1. Financial Overview
        2. Products
    39. Offered
      1. Key Developments
        1. SWOT Analysis
    40. Key Strategies
      1. Solvay
        1. Financial Overview
    41. Products Offered
      1. Key Developments
        1. SWOT Analysis
        2. Key Strategies
      2. Umicore
        1. Financial Overview
        2. Products Offered
        3. Key Developments
        4. SWOT
    42. Analysis
      1. Key Strategies
      2. Schaeffler
        1. Financial
    43. Overview
      1. Products Offered
        1. Key Developments
    44. SWOT Analysis
      1. Key Strategies
      2. CATL
        1. Financial
    45. Overview
      1. Products Offered
        1. Key Developments
    46. SWOT Analysis
      1. Key Strategies
      2. Samsung SDI
    47. Financial Overview
      1. Products Offered
        1. Key Developments
        2. SWOT Analysis
        3. Key Strategies
      2. LG Energy
    48. Solution
      1. Financial Overview
        1. Products Offered
    49. Key Developments
      1. SWOT Analysis
        1. Key Strategies
    50. APPENDIX
      1. References
      2. Related Reports
    51. LIST
    52. OF TABLES
    53. BATTERY MARKET SIZE ESTIMATES & FORECAST, BY TYPE, 2019-2035 (USD BILLIONS)
    54. 2035 (USD BILLIONS)
    55. & FORECAST, BY VOLTAGE, 2019-2035 (USD BILLIONS)
    56. BATTERY MARKET SIZE ESTIMATES & FORECAST, BY INDUSTRY, 2019-2035 (USD BILLIONS)
    57. UK LITHIUM-ION BATTERY MARKET ANALYSIS BY TYPE
    58. MARKET ANALYSIS BY CAPACITY
    59. BY VOLTAGE
    60. PROCESS OF MRFR
    61. DRIVERS IMPACT ANALYSIS: LITHIUM-ION BATTERY MARKET
    62. IMPACT ANALYSIS: LITHIUM-ION BATTERY MARKET
    63. LITHIUM-ION BATTERY MARKET
    64. (% SHARE)
    65. (USD Billions)
    66. SHARE)
    67. Billions)
    68. LITHIUM-ION BATTERY MARKET, BY INDUSTRY, 2019 TO 2035 (USD Billions)
    69. BENCHMARKING OF MAJOR COMPETITORS'

    UK Lithium-Ion Battery Market Segmentation

    • Lithium-Ion Battery Market By Type (USD Billion, 2019-2035)
      • Lithium Nickel Manganese Cobalt
      • Lithium Manganese Oxide
      • Lithium Iron Phosphate
      • Lithium Cobalt Oxide
      • Lithium Nickle Cobalt Aluminum Oxide
      • Lithium Titanate Oxide

     

    • Lithium-Ion Battery Market By Capacity (USD Billion, 2019-2035)
      • 0- 3000 mAh
      • 3000-10000 mAh
      • 10000-60000 mAh
      • 60000 mAh
      • above

     

    • Lithium-Ion Battery Market By Voltage (USD Billion, 2019-2035)
      • Low (below 12V)
      • Medium (below 12V-36V)
      • High (Above 36V)

     

    • Lithium-Ion Battery Market By Industry (USD Billion, 2019-2035)
      • Automotive
      • Aerospace
      • Consumer Electronics
      • Marine
      • Industrial
      • Power
      • Telecommunication
      • Medical
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