UK Electric Bus Battery Pack Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The UK Electric Bus Battery Pack Market is segmented by Propulsion Type (BEV, PHEV), by Battery Chemistry (LFP, NCA, NCM, NMC, Others), by Capacity (15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh), by Battery Form (Cylindrical, Pouch, Prismatic), by Method (Laser, Wire), by Component (Anode, Cathode, Electrolyte, Separator) and by Material Type (Cobalt, Lithium, Manganese, Natural Graphite, Nickel). Market Size is represented by the total volume of EV battery packs sold, measured in kilowatt-hours (kWh), along with the Market Value in USD. Key data points observed include the total energy capacity of battery packs sold, expressed in kilowatt-hours (kWh), segmented by battery chemistry, the capacity range of each battery pack, and the specific application or vehicle type associated with each battery chemistry segment.

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UK Electric Bus Battery Pack Market Size

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UK Electric Bus Battery Pack Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 5.78 Million
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 10.06 Million
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Propulsion Type BEV
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 11.72 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Propulsion Type BEV

Major Players

UK Electric Bus Battery Pack Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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UK Electric Bus Battery Pack Market Analysis

The UK Electric Bus Battery Pack Market size is estimated at 5.78 million USD in 2024, and is expected to reach 10.06 million USD by 2029, growing at a CAGR of 11.72% during the forecast period (2024-2029).

5.78 Million

Market Size in 2024 (USD)

10.06 Million

Market Size in 2029 (USD)

-21.35 %

CAGR (2018-2023)

11.72 %

CAGR (2024-2029)

Largest Segment by Propulsion Type

100 %

value share, BEV, 2023

Icon image

UK's electric bus market is witnessing a significant shift towards BEV which offer zero-emission transportation and improving air quality in urban areas.

Largest Segment by Battery Chemistry

62.52 %

value share, NMC, 2023

Icon image

NMC batteries dominate the UK electric bus battery pack market due to cost-effectiveness, thermal safety, high energy density, and long cycle life.

Largest Segment by Battery Form

57.42 %

value share, Prismatic, 2023

Icon image

Prismatic battery form types gain traction in the UK electric bus battery pack market, offering efficient space utilization and improved bus range and efficiency.

Leading Market Player

22.40 %

market share, BYD Company Ltd., 2022

Icon image

BYD's electric buses have gained popularity for their reliability, range, and other features. It is used in a variety of electric buses such as BYD K9 and the BYD E6.

Largest Segment by Capacity

71.63 %

value share, 40 kWh to 80 kWh, 2023

Icon image

This range gives adequate power for long-distance operations and drives the adoption of sustainable public transport options in the UK electric bus battery pack market.

Lowering costs and government support fueling significant increase in battery electric bus deployment across the United Kingdom

  • The adoption of electric buses has grown significantly in the United Kingdom as the country aims to reduce its carbon footprint and meet its climate targets. The adoption of electric buses has been driven by various factors, including the need to reduce emissions in cities and the availability of government funding. The adoption of BEBs in the country is driven by government incentives and a commitment to reducing emissions in urban areas. In 2021, 1,259 electric buses were sold in the country, with electric buses accounting for 40% of all new bus registrations.
  • According to BloombergNEF, the energy density of electric bus batteries is expected to increase from around 200 Wh/kg in 2021 to 350-400 Wh/kg by 2030. The range of electric buses is determined by battery size, weight, and other factors. In the United Kingdom, the average range for electric buses is between 180 and 350 km on a single charge. However, the upfront cost of electric buses in the country is higher than that of diesel buses. This cost differential is expected to decrease as production volumes increase and battery technology improves. According to Transport for London, the average cost of an electric bus in 2021 is around EUR 400,000 (USD 4,27,582) compared to around EUR 200,000 (USD 2,13,791) for a diesel bus.
  • According to a report by Bloomberg New Energy Finance, the total cost of ownership of an electric bus is expected to be lower than that of a diesel bus by 2025, even without government subsidies. Government investment in green infrastructure, falling costs of electric vehicle technology, and growing awareness of the benefits of electric buses are expected to result in a significant increase in the number of electric buses on UK roads in the coming years.
UK Electric Bus Battery Pack Market

UK Electric Bus Battery Pack Market Trends

THE LEADING PLAYERS SHAPING THE ELECTRIC VEHICLE MARKET IN THE UNITED KINGDOM ARE TOYOTA GROUP, TESLA, KIA, HYUNDAI, AND BMW

  • The electric vehicle battery pack market in the United Kingdom is competitive. In 2022, five companies dominated the market, holding over 45% of the market share. These front-runners are Toyota Group, Tesla, Kia, Hyundai, and BMW. The Toyota Group leads the pack, boasting about 16.86% market share, establishing itself as the top seller of electric vehicles. With its diverse product range, extensive service network, and robust brand reputation, Toyota continues to strengthen its market position.
  • Tesla, capturing approximately 9.57% of the UK electric vehicle battery pack market, stands as the second-largest electric vehicle seller in the country. The company's innovative strategies and its broad range of solely electric cars solidify its stance. Following closely, Kia takes the third spot with about 7.53% of the market share in the UK electric vehicle battery pack market. With a varied product lineup catering to different customer segments, Kia benefits from a well-structured supply and distribution chain.
  • In fourth place, Hyundai claims around 7.47% of the market share in the UK electric vehicle market. Its diverse offerings appeal to both mid-range and premium customers, resulting in a loyal customer base. BMW is in the fifth position, holding a market share of approximately 6.66%. Other notable players in the UK electric vehicle market include Volkswagen, Honda, MG, Renault, and Audi.
UK Electric Bus Battery Pack Market

EV SALES IN THE UNITED KINGDOM ARE LED BY TESLA AND TOYOTA, WITH THE HIGHEST DEMAND FOR BATTERY PACKS

  • The demand for electric vehicles in the UK electric vehicle battery pack market has surged in recent years, resulting in boosting the demand for batteries. Numerous brands and models populate the market in the United Kingdom. In 2022, the top five contenders in the UK electric vehicle battery pack market were the Tesla Model Y, the Toyota Vitz (Yaris), the Tesla Model 3, the Toyota Corolla, and the Toyota CH-R. Leading the chart, the Tesla Model Y sold 35,551 units, with its extended range, spacious seating, and generous cargo space making it a consumer favorite.
  • Toyota's Vitz, better known as Yaris, was in the second spot in the UK electric vehicle battery pack market with 22,051 sales. Its hybrid powertrain and affordability cater to those seeking a compact electric option. Close behind, the Tesla Model 3 secured third place in the electric vehicle battery pack market in the country, logging 19,071 sales. Offered in both rear-wheel drive and performance trims, its robust performance captivates many customers.
  • Fourth in line, the Toyota Corolla registered 18,594 sales in the United Kingdom. Its hybrid powertrain and competitive pricing continue to lure customers. In the fifth position, the Toyota CH-R marked 17,440 sales across the United Kingdom. Other significant players in the UK electric vehicle battery pack market include the Toyota Yaris Cross, Hyundai Tucson, Kia Niro, and Honda Fit.
UK Electric Bus Battery Pack Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • POLICIES AND INCENTIVES BY THE UK GOVERNMENT ARE DRIVING A SURGE IN ELECTRIC VEHICLE SALES
  • DECLINING LITHIUM-ION BATTERY PRICES ARE PROPELLING ELECTRIC VEHICLE ADOPTION IN THE UNITED KINGDOM
  • FROM 2017 THROUGH 2022, UK BATTERY PRICES FELL STEADILY DUE TO TECHNOLOGICAL ADVANCES, ECONOMIES OF SCALE, AND COMPETITION IN THE MARKET
  • INTERNATIONAL COMPANIES ARE DRIVING ELECTRIFICATION IN THE UNITED KINGDOM WITH NEW EV MODELS, EXPANDING THE ELECTRIC VEHICLE MARKET
  • THE UK ELECTRIC VEHICLE BATTERY PACK MARKET IS CHARACTERIZED BY THE DOMINANCE OF NMC BATTERIES AND GROWING DEMAND FOR NCA AND NCM CHEMISTRIES
  • POTENTIAL BAN ON INTERNAL COMBUSTION ENGINES IN THE UNITED KINGDOM IS DRIVING ELECTRIC VEHICLE ADOPTION AND DEMAND FOR BATTERY MATERIALS
  • IMPROVEMENTS IN BATTERY TECHNOLOGY ARE A DRIVING FORCE BEHIND THE INCREASING POPULARITY OF ELECTRIC VEHICLES IN THE UNITED KINGDOM

UK Electric Bus Battery Pack Industry Overview

The UK Electric Bus Battery Pack Market is fairly consolidated, with the top five companies occupying 132.56%. The major players in this market are BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), LG Energy Solution Ltd., Samsung SDI Co. Ltd. and SK Innovation Co. Ltd. (sorted alphabetically).

UK Electric Bus Battery Pack Market Leaders

  1. BYD Company Ltd.

  2. Contemporary Amperex Technology Co. Ltd. (CATL)

  3. LG Energy Solution Ltd.

  4. Samsung SDI Co. Ltd.

  5. SK Innovation Co. Ltd.

UK Electric Bus Battery Pack Market Concentration

Other important companies include Amte Power PLC, Automotive Cells Company (ACC), Hyperdrive Innovation Holdings Ltd., Ilika Technolgies Ltd., Power By Britishvolt Ltd..

*Disclaimer: Major Players sorted in alphabetical order.

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UK Electric Bus Battery Pack Market News

  • January 2023: Samsung SDI is reportedly considering building an electric vehicle battery joint venture with BMW, its largest customer, in Hungary.
  • July 2022: Britishvolt and H&T Battery Components have signed a Memorandum of Understanding (MoU) for the supply of battery can components for high-tech battery cells used in automotive applications.
  • June 2022: POSCO Chemical, Korea, has entered into an agreement for battery materials with Britishvolt. On June 30, POSCO Chemical signed an MoU with Britishvolt to develop and supply battery materials.

Free with this Report

Our comprehensive data set offers over 120 free charts, providing detailed regional and country-level insights into the EV battery pack industry. This includes analyses of distribution and production centers, variations in average selling prices (ASPs) across different regions, and a deep dive into industry trends like demand shifts and technological innovations. We also offer a thorough market segmentation, examining different battery chemistries, capacities, and form factors, alongside an in-depth understanding of market trends such as the adoption of advanced technologies and the impact of environmental regulations. Additionally, we provide an overview of major industry players, a look at the regulatory landscape, and market size analysis in terms of revenue and volume, all culminating in projections and forecasts that consider emerging trends and potential industry shifts.

UK Electric Bus Battery Pack Market
UK Electric Bus Battery Pack Market
UK Electric Bus Battery Pack Market
UK Electric Bus Battery Pack Market

UK Electric Bus Battery Pack Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Electric Bus Sales
  • 4.2 Electric Bus Sales By OEMs
  • 4.3 Best-selling EV Models
  • 4.4 OEMs With Preferable Battery Chemistry
  • 4.5 Battery Pack Price
  • 4.6 Battery Material Cost
  • 4.7 Price Chart Of Different Battery Chemistry
  • 4.8 Who Supply Whom
  • 4.9 EV Battery Capacity And Efficiency
  • 4.10 Number Of EV Models Launched
  • 4.11 Regulatory Framework
    • 4.11.1 UK
  • 4.12 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

  • 5.1 Propulsion Type
    • 5.1.1 BEV
    • 5.1.2 PHEV
  • 5.2 Battery Chemistry
    • 5.2.1 LFP
    • 5.2.2 NCA
    • 5.2.3 NCM
    • 5.2.4 NMC
    • 5.2.5 Others
  • 5.3 Capacity
    • 5.3.1 15 kWh to 40 kWh
    • 5.3.2 40 kWh to 80 kWh
    • 5.3.3 Above 80 kWh
    • 5.3.4 Less than 15 kWh
  • 5.4 Battery Form
    • 5.4.1 Cylindrical
    • 5.4.2 Pouch
    • 5.4.3 Prismatic
  • 5.5 Method
    • 5.5.1 Laser
    • 5.5.2 Wire
  • 5.6 Component
    • 5.6.1 Anode
    • 5.6.2 Cathode
    • 5.6.3 Electrolyte
    • 5.6.4 Separator
  • 5.7 Material Type
    • 5.7.1 Cobalt
    • 5.7.2 Lithium
    • 5.7.3 Manganese
    • 5.7.4 Natural Graphite
    • 5.7.5 Nickel
    • 5.7.6 Other Materials

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Amte Power PLC
    • 6.4.2 Automotive Cells Company (ACC)
    • 6.4.3 BYD Company Ltd.
    • 6.4.4 Contemporary Amperex Technology Co. Ltd. (CATL)
    • 6.4.5 Hyperdrive Innovation Holdings Ltd.
    • 6.4.6 Ilika Technolgies Ltd.
    • 6.4.7 LG Energy Solution Ltd.
    • 6.4.8 Power By Britishvolt Ltd.
    • 6.4.9 Samsung SDI Co. Ltd.
    • 6.4.10 SK Innovation Co. Ltd.
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, UK, 2017 - 2029
  1. Figure 2:  
  2. ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, UK, 2023
  1. Figure 3:  
  2. ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, UK, 2023
  1. Figure 4:  
  2. BEST-SELLING EV MODELS, UNITS, UK, 2023
  1. Figure 5:  
  2. OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, UK, 2023
  1. Figure 6:  
  2. ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, UK, 2017 - 2029
  1. Figure 7:  
  2. ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, UK, 2017 - 2029
  1. Figure 8:  
  2. ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, UK, 2017 - 2029
  1. Figure 9:  
  2. EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, UK, 2023
  1. Figure 10:  
  2. UPCOMING EV MODELS, BY BODY TYPE, UNITS, UK, 2023
  1. Figure 11:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, KWH, UK, 2017 - 2029
  1. Figure 12:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, USD, UK, 2017 - 2029
  1. Figure 13:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, UK, 2017 - 2029
  1. Figure 14:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY PROPULSION TYPE, USD, UK, 2017 - 2029
  1. Figure 15:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 16:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 17:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY BEV, KWH, UK, 2017 - 2029
  1. Figure 18:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY BEV, USD, UK, 2017 - 2029
  1. Figure 19:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY PHEV, KWH, UK, 2017 - 2029
  1. Figure 20:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY PHEV, USD, UK, 2017 - 2029
  1. Figure 21:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, UK, 2017 - 2029
  1. Figure 22:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, UK, 2017 - 2029
  1. Figure 23:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 24:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 25:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY LFP, KWH, UK, 2017 - 2029
  1. Figure 26:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY LFP, USD, UK, 2017 - 2029
  1. Figure 27:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY NCA, KWH, UK, 2017 - 2029
  1. Figure 28:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY NCA, USD, UK, 2017 - 2029
  1. Figure 29:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY NCM, KWH, UK, 2017 - 2029
  1. Figure 30:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY NCM, USD, UK, 2017 - 2029
  1. Figure 31:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY NMC, KWH, UK, 2017 - 2029
  1. Figure 32:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY NMC, USD, UK, 2017 - 2029
  1. Figure 33:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY OTHERS, KWH, UK, 2017 - 2029
  1. Figure 34:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY OTHERS, USD, UK, 2017 - 2029
  1. Figure 35:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY CAPACITY, KWH, UK, 2017 - 2029
  1. Figure 36:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY CAPACITY, USD, UK, 2017 - 2029
  1. Figure 37:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 38:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 39:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, UK, 2017 - 2029
  1. Figure 40:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, UK, 2017 - 2029
  1. Figure 41:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, UK, 2017 - 2029
  1. Figure 42:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, UK, 2017 - 2029
  1. Figure 43:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, UK, 2017 - 2029
  1. Figure 44:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, UK, 2017 - 2029
  1. Figure 45:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, UK, 2017 - 2029
  1. Figure 46:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, UK, 2017 - 2029
  1. Figure 47:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY BATTERY FORM, KWH, UK, 2017 - 2029
  1. Figure 48:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY BATTERY FORM, USD, UK, 2017 - 2029
  1. Figure 49:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 50:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 51:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY CYLINDRICAL, KWH, UK, 2017 - 2029
  1. Figure 52:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY CYLINDRICAL, USD, UK, 2017 - 2029
  1. Figure 53:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY POUCH, KWH, UK, 2017 - 2029
  1. Figure 54:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY POUCH, USD, UK, 2017 - 2029
  1. Figure 55:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY PRISMATIC, KWH, UK, 2017 - 2029
  1. Figure 56:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY PRISMATIC, USD, UK, 2017 - 2029
  1. Figure 57:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY METHOD, KWH, UK, 2017 - 2029
  1. Figure 58:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY METHOD, USD, UK, 2017 - 2029
  1. Figure 59:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 60:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, METHOD, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 61:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY LASER, KWH, UK, 2017 - 2029
  1. Figure 62:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY LASER, USD, UK, 2017 - 2029
  1. Figure 63:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY WIRE, KWH, UK, 2017 - 2029
  1. Figure 64:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY WIRE, USD, UK, 2017 - 2029
  1. Figure 65:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY COMPONENT, UNITS, UK, 2017 - 2029
  1. Figure 66:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY COMPONENT, USD, UK, 2017 - 2029
  1. Figure 67:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 68:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 69:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY ANODE, UNITS, UK, 2017 - 2029
  1. Figure 70:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY ANODE, USD, UK, 2017 - 2029
  1. Figure 71:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY CATHODE, UNITS, UK, 2017 - 2029
  1. Figure 72:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY CATHODE, USD, UK, 2017 - 2029
  1. Figure 73:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, UK, 2017 - 2029
  1. Figure 74:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY ELECTROLYTE, USD, UK, 2017 - 2029
  1. Figure 75:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY SEPARATOR, UNITS, UK, 2017 - 2029
  1. Figure 76:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY SEPARATOR, USD, UK, 2017 - 2029
  1. Figure 77:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY MATERIAL TYPE, KG, UK, 2017 - 2029
  1. Figure 78:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY MATERIAL TYPE, USD, UK, 2017 - 2029
  1. Figure 79:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), UK, 2022 & 2029
  1. Figure 80:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), UK, 2022 & 2029
  1. Figure 81:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY COBALT, KG, UK, 2017 - 2029
  1. Figure 82:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY COBALT, USD, UK, 2017 - 2029
  1. Figure 83:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY LITHIUM, KG, UK, 2017 - 2029
  1. Figure 84:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY LITHIUM, USD, UK, 2017 - 2029
  1. Figure 85:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY MANGANESE, KG, UK, 2017 - 2029
  1. Figure 86:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY MANGANESE, USD, UK, 2017 - 2029
  1. Figure 87:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, UK, 2017 - 2029
  1. Figure 88:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, UK, 2017 - 2029
  1. Figure 89:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY NICKEL, KG, UK, 2017 - 2029
  1. Figure 90:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY NICKEL, USD, UK, 2017 - 2029
  1. Figure 91:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY OTHER MATERIALS, KG, UK, 2017 - 2029
  1. Figure 92:  
  2. BREAKDOWN OF UK ELECTRIC BUS BATTERY PACK MARKET, BY OTHER MATERIALS, USD, UK, 2017 - 2029
  1. Figure 93:  
  2. UK ELECTRIC BUS BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
  1. Figure 94:  
  2. UK ELECTRIC BUS BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
  1. Figure 95:  
  2. UK ELECTRIC BUS BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023

UK Electric Bus Battery Pack Industry Segmentation

BEV, PHEV are covered as segments by Propulsion Type. LFP, NCA, NCM, NMC, Others are covered as segments by Battery Chemistry. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type.

  • The adoption of electric buses has grown significantly in the United Kingdom as the country aims to reduce its carbon footprint and meet its climate targets. The adoption of electric buses has been driven by various factors, including the need to reduce emissions in cities and the availability of government funding. The adoption of BEBs in the country is driven by government incentives and a commitment to reducing emissions in urban areas. In 2021, 1,259 electric buses were sold in the country, with electric buses accounting for 40% of all new bus registrations.
  • According to BloombergNEF, the energy density of electric bus batteries is expected to increase from around 200 Wh/kg in 2021 to 350-400 Wh/kg by 2030. The range of electric buses is determined by battery size, weight, and other factors. In the United Kingdom, the average range for electric buses is between 180 and 350 km on a single charge. However, the upfront cost of electric buses in the country is higher than that of diesel buses. This cost differential is expected to decrease as production volumes increase and battery technology improves. According to Transport for London, the average cost of an electric bus in 2021 is around EUR 400,000 (USD 4,27,582) compared to around EUR 200,000 (USD 2,13,791) for a diesel bus.
  • According to a report by Bloomberg New Energy Finance, the total cost of ownership of an electric bus is expected to be lower than that of a diesel bus by 2025, even without government subsidies. Government investment in green infrastructure, falling costs of electric vehicle technology, and growing awareness of the benefits of electric buses are expected to result in a significant increase in the number of electric buses on UK roads in the coming years.
Propulsion Type BEV
PHEV
Battery Chemistry LFP
NCA
NCM
NMC
Others
Capacity 15 kWh to 40 kWh
40 kWh to 80 kWh
Above 80 kWh
Less than 15 kWh
Battery Form Cylindrical
Pouch
Prismatic
Method Laser
Wire
Component Anode
Cathode
Electrolyte
Separator
Material Type Cobalt
Lithium
Manganese
Natural Graphite
Nickel
Other Materials
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Market Definition

  • Battery Chemistry - Various types of battery chemistry considred under this segment include LFP, NCA, NCM, NMC, Others.
  • Battery Form - The types of battery forms offered under this segment include Cylindrical, Pouch and Prismatic.
  • Body Type - Body types considered under this segment include is variety of buses.
  • Capacity - Various types of battery capacities inldude under theis segment are 15 kWH to 40 kWH, 40 kWh to 80 kWh, Above 80 kWh and Less than 15 kWh.
  • Component - Various components covered under this segment include anode, cathode, electrolyte, separator.
  • Material Type - Various material covered under this segment include cobalt, lithium, manganese, natural graphite, nickel, other material.
  • Method - The types of method covered under this segment include laser and wire.
  • Propulsion Type - Propulsion types considered under this segment include BEV (Battery electric vehicles), PHEV (plug-in hybrid electric vehicle).
  • ToC Type - ToC 3
  • Vehicle Type - Vehicle type considered under this segment include commercial vehicles with various EV powertrains.
Keyword Definition
Electric vehicle (EV) A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles.
PEV A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all electric vehicles as well as plug-electric vehicles as well as plug-in hybrids.
Battery-as-a-Service A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge
Battery Cell The basic unit of an electric vehicle's battery pack, typically a lithium-ion cell, that stores electrical energy.
Module A subsection of an EV battery pack, consisting of several cells grouped together, often used to facilitate manufacturing and maintenance.
Battery Management System (BMS) An electronic system that manages a rechargeable battery by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting data, controlling its environment, and balancing it.
Energy Density A measure of how much energy a battery cell can store in a given volume, usually expressed in watt-hours per liter (Wh/L).
Power Density The rate at which energy can be delivered by the battery, often measured in watts per kilogram (W/kg).
Cycle Life The number of complete charge-discharge cycles a battery can perform before its capacity falls under a specified percentage of its original capacity.
State of Charge (SOC) A measurement, expressed as a percentage, that represents the current level of charge in a battery compared to its capacity.
State of Health (SOH) An indicator of the overall condition of a battery, reflecting its current performance compared to when it was new.
Thermal Management System A system designed to maintain optimal operating temperatures for an EV's battery pack, often using cooling or heating methods.
Fast Charging A method of charging an EV battery at a much faster rate than standard charging, typically requiring specialized charging equipment.
Regenerative Braking A system in electric and hybrid vehicles that recovers energy normally lost during braking and stores it in the battery.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all its reports.

  • Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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UK Electric Bus Battery Pack Market Research FAQs

The UK Electric Bus Battery Pack Market size is expected to reach USD 5.78 million in 2024 and grow at a CAGR of 11.72% to reach USD 10.06 million by 2029.

In 2024, the UK Electric Bus Battery Pack Market size is expected to reach USD 5.78 million.

BYD Company Ltd., Contemporary Amperex Technology Co. Ltd. (CATL), LG Energy Solution Ltd., Samsung SDI Co. Ltd. and SK Innovation Co. Ltd. are the major companies operating in the UK Electric Bus Battery Pack Market.

In the UK Electric Bus Battery Pack Market, the BEV segment accounts for the largest share by propulsion type.

In 2024, the BEV segment accounts for the fastest growing by propulsion type in the UK Electric Bus Battery Pack Market.

In 2023, the UK Electric Bus Battery Pack Market size was estimated at 5.78 million. The report covers the UK Electric Bus Battery Pack Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UK Electric Bus Battery Pack Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

UK Electric Bus Battery Pack Industry Report

Statistics for the 2023 UK Electric Bus Battery Pack market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UK Electric Bus Battery Pack analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

UK Electric Bus Battery Pack Market Report Snapshots

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