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Austria Lithium-ion (Li-ion) Batteries Market Report - Market Analysis, Size, Share, Growth, Outlook - Industry Trends and Forecast to 2028

Austria Lithium-ion (Li-ion) Batteries Market Report - Market Analysis, Size, Share, Growth, Outlook - Industry Trends and Forecast to 2028

Market Research Reports | Q1 2024 | Report ID: BR02805

About the Report

Lithium ion is the fastest growing and most promising rechargeable battery technology in the current energy storage market. The high energy density, low maintenance, long cycle life, and low self-discharge are the major advantages offered by lithium ion batteries, making them the go-to solution for energy storage.


The demand for lithium ion batteries in Austria is driven by the factors such as the rising use of renewable energy, increasing adoption of electric vehicles, and supporting government initiatives. 



Renewable Energy in Austria

Austria depends heavily on renewable energy sources for its daily energy demand. Hydropower is the most dominant renewable source, accounting for 60.2% of the power generated in 2021. 


Austria's goal is to have 100% renewable electricity by 2030. Austria must achieve a net increase of around 2227 terawatt hours (TWh) of renewable electricity across all technologies in order to meet this target. 


The country is already a leader in renewable energy, with 3524 MW of wind energy installations and 2692 MW of solar PV installations by the end of 2021.


With the increasing adoption of renewables, the demand for lithium batteries for energy storage is also increasing. The government is promoting the adoption of solar PVs along with storage batteries by providing rebates on the solar PV plus storage installation. 


Electric Mobility Adoption in Austria

Austria has an ambitious goal of becoming carbon neutral by 2040. In order to achieve its goal, the country is taking active steps to reduce carbon emissions from its transportation sector by promoting electric vehicles and the use of public transport for commuting. 


Austria provides a comprehensive set of incentives to encourage e-mobility adoption, including purchase subsidies, registration tax breaks, ownership tax breaks, company tax breaks, VAT breaks, infrastructure incentives, and free parking.


As a result of government initiatives, Austria has seen exponential growth in the adoption of electric vehicles. The number of electric vehicles (EVs) has risen sharply since 2013. As of the end of June 2022, 126,925 electric vehicles (including PHEV and FCEV) were on the roads of Austria.  


Total EV sales increased by 103.2% in 2021, reaching 48,006 units. This is due to a strong performance in BEV sales, which increased by 108.8% to 33,380 units, and PHEV sales, which increased by 91.4% to 14,626 units.


EVs continue to trend higher as incentives drive demand to new heights, despite overall weakness in Austria's total new vehicle market. The proliferation of new EV models from a slew of automakers is luring new buyers into the rapidly expanding zero-emission vehicle market.


As li ion battery is a major element of an electric vehicle, the demand for lithium batteries is also expected to increase with the rising adoption of electric vehicles.


Lithium Production in Austria

Austria possesses a lithium mine that has the capability to supply lithium to the entire European Union. The wolfsberg lithium project is an underground mine located about 270 kilometers from Vienna.


European Lithium (an Australian mining company) is developing the project, which is expected to produce 10,000 tonnes of lithium hydroxide (LiOH) per year. It is expected to mine at an annual rate of 800,000 tonnes per annum (tpa) for the next ten years. The mining of lithium is expected to begin by the end of 2023.


About the Report

The new report from Blackridge Research on Austria Lithium-ion (Li-ion) Batteries Market comprehensively analyses the Lithium-ion (Li-ion) Batteries Market and provides deep insight into the current and future state of the industry in the country.


The study examines the drivers, restraints, and trends influencing Austria Lithium-ion (Li-ion) Batteries Market demand and growth.


The report also addresses present and future market opportunities, market trends, developments, and the impact of Covid-19 on the Austria Lithium-ion (Li-ion) Batteries Market, important commercial developments, trends, segments poised for the fastest growth, and the competitive landscape.


Further, the report will also provide Austria Lithium-ion (Li-ion) Batteries Market size, demand forecast, and growth rates.


What we cover in the report?

Austria Lithium-ion (Li-ion) Batteries Market Drivers & Restraints

The study covers all the major underlying forces that help the market develop and grow and the factors that constrain the growth.


The report includes a meticulous analysis of each factor, explaining the relevant, qualitative information with supporting data.


Each factor's respective impact in the near, medium and long term will be covered using Harvey balls for visual communication of qualitative information and functions as a guide for you to analyze the degree of impact.


Austria Lithium-ion (Li-ion) Batteries Market Analysis

This report discusses the overview of the market, the latest updates, important commercial developments and structural trends, and government policies and regulations in the country.


This section provides an assessment of COVID-19 impact on Austria's Lithium-ion (Li-ion) Batteries Market demand in the country.


Austria Lithium-ion (Li-ion) Batteries Market Size and Demand Forecast

The report provides Austria Lithium-ion (Li-ion) Batteries Market size and demand forecast until 2027, including year-on-year (YoY) growth rates and CAGR.


Lithium-ion (Li-ion) Batteries Market Industry Analysis

The report examines the critical elements of the Lithium-ion (Li-ion) Batteries industry supply chain, its structure, and the participants


Using Porter's five forces framework, the report covers the assessment of the Lithium-ion (Li-ion) Batteries industry's state of competition and profitability.


Lithium-ion (Li-ion) Batteries Market Segmentation & Forecast

The report dissects the Austria Lithium-ion (Li-ion) Batteries Market into various segments (by cathode material and by application). A detailed summary of the current scenario, recent developments, and market outlook will be provided for each segment.


Further, market size and demand forecasts will be presented, along with various drivers and barriers for individual market segments.


Effective market segmentation enables you to identify emerging trends and opportunities for long-term growth. Contact us for "bespoke" market segmentation to better align the research report with your requirements.


Key Company Profiles

This report presents detailed profiles of Key companies in the Lithium-ion (Li-ion) Batteries industry. In general, each company profile includes - an overview of the company, relevant products and services, a financial overview, and recent developments.


Competitive Landscape

The report provides a comprehensive list of notable companies in the country's market, including mergers and acquisitions (M&As), joint ventures (JVs), partnerships, collaborations, and other business agreements.


The study also discusses the strategies adopted by leading players in the industry.


Executive Summary

The executive summary will be jam-packed with charts, infographics, and forecasts. This chapter summarizes the findings of the report crisply and clearly.


The report begins with an Executive Summary chapter and ends with Conclusions and Recommendations.

Get a free sample copy of the Austria Lithium-ion (Li-ion) Batteries Market report by clicking the "Download a Free Sample Now!" button at the top of the page.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Market Opportunities
  • 3.5 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porters Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Cathode Material
    • 5.1.1 LFP
    • 5.1.2 NCM
    • 5.1.3 Others
  • 5.2 By Application
    • 5.2.1 Automotive
    • 5.2.2 Industrial
    • 5.2.3 Portable electronics
    • 5.2.4 Others

6. PESTLE Analysis

  • 6.1 Political Analysis
  • 6.2 Economic Analysis
  • 6.3 Social Analysis
  • 6.4 Technology Analysis
  • 6.3 Legal Analysis
  • 6.4 Environmental Analysis

7. Key Company Profiles

8. Conclusions and Recommendations


Additional Notes


  This report helps to:-

  • Gain a deeper understanding of the impact of COVID 19 and oil & gas prices crash on the Austria Lithium-ion Batteries market. 
  • Equip yourself with rigorous analysis and forward-looking insight into the Austria lithium-ion batteries market across various regions
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop a strategy
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess the current market size and revenue forecasts as an important part of devising your business plans and strategy 
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players
  • Keep on top of M&A developments, JV’s, and other agreements to assess the evolving competitive landscape and enhance your competitive position

  Who need this report?

  • Battery Manufacturers & Assemblers
  • Raw Materials & Component Suppliers
  • OEMs and Other End Users
  • Government Bodies and Industry Association

  What's included

Report - Austria Lithium-ion (Li-ion) Batteries Market Outlook to 2028.pdf
Market Data Sheet - Austria Lithium-ion (Li-ion) Batteries Market Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Austria Lithium-ion (Li-ion) Batteries Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Austria Lithium-ion (Li-ion) Batteries Market> across multiple countries.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints will impact regional market development.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

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