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The European battery market is predicted to be valued $xx million by the year 2027 and will be growing at a CAGR of 5.32% during the forecast years of 2019-2027. The United Kingdom, France, Spain, Italy and the remaining countries constituting the Rest of Europe segment are considered for the market study.
The European Commission has premeditated to encourage foreign direct investments from Asian automobile manufacturers such as Honda and Toyota, for a superior boost to the automotive industry of the region which will fuel the battery market growth further in the coming years.
The United Kingdom is predicted to have a significantly enhanced market growth, which can be mainly reasoned to the universities and various research groups who are continuously striving to promote the research on batteries.
Also, there are several major private players investing liberally for amplifying the deployment of data centers in the United Kingdom and since, SLA is used for energy storage in data centers, therefore, and growth in data centers in the United Kingdom will be proliferating the battery market in the country.
The major companies operating in the Europe market are Panasonic Corporation, East Penn Manufacturing Company, Inc., GS Yuasa Corporation, A123 Systems, LG Chem Ltd., Samsung SDI Co., Ltd., Duracell International, Inc., LLC, NEC Corporation, C&D Technologies, Inc. (acquired by KPS Capital Partner), Saft Groupe S.A., BYD Company, Ltd., Eveready Industries India Ltd., Hitachi, Ltd., Murata Manufacturing Co., Ltd., Toshiba Corporation, Exide Technologies, Johnson Controls, Shenzhen BAK Battery Co., Ltd., Crown Battery Manufacturing Company, EnerSys.