France Electric Bus Battery Pack Market Insights Forecasts to 2033 

• The France Electric Bus Battery Pack Market size was Estimated at USD 7.57 Million in 2023.
• The Market Size is Expected to Grow at a CAGR of around 28.26 % from 2023 to 2033. 
• The France Electric Bus Battery Pack Market Size is Expected to Reach USD 91.20 Million by 2033.  

The France Electric Bus Battery Pack Market size is predicted to grow from USD 7.57 Million in 2023 to USD 91.20 Million by 2033 at a CAGR of 28.26% during the forecast period. The market is expanding rapidly because of strong backup by regional authorities, swift change in the automobile industry, an increasing adoption as an alternative fuel source, and reduced financial wages.

Market Overview

The electric bus battery pack market refers to the industry involved in manufacturing, supplying, and installing battery packs for electric buses operating in France. An electric bus battery pack is a specialized energy storage system designed to power electric buses. These battery packs consist of multiple interconnected cells that provide the necessary energy for propulsion, auxiliary systems, and onboard electronics of the bus. The battery pack system consists of a battery cell, battery management system, housing, cooling system, and other relevant battery accessories. Electric bus battery packs are critical for the performance and range of electric buses, and advancements in battery technology continue to improve their energy density, charging speed, and overall lifespan. The development of testing facilities devoted to the examination of electric motors, controllers, and battery chargers, as well as the notable extension of charging infrastructure, are driving the market's expansion.

Report Coverage

This research report categorizes the France Electric Bus Battery Pack Market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France Electric Bus Battery Pack market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France Electric Bus Battery Pack Market.  

Driving Factors

Market growth for electric bus battery packs in France is being driven by the demand for environmentally friendly transportation options. Battery electric buses are becoming more and more popular in France because of government subsidies and incentives that make them seem like a more environmentally friendly option than diesel buses. The market for electric bus battery packs in France is expanding due in part to the growing emphasis on energy efficiency. Manufacturers of battery packs are creating new materials and technologies to boost battery pack performance and efficiency, which helps lower costs and boost the overall economics of electric buses. France's fast urbanization is one of the main causes of the country's rising demand for electric buses. The population of cities like Paris, Lyon, and Marseille is growing significantly, which is increasing demand for sustainable, effective public transportation.

Restraints & Challenges

The France electric bus battery pack market growth is being restricted because of high upfront costs, downturns in the supply chain, and battery limitations.

Market Segmentation

The France electric bus battery pack market share is classified into propulsion type, battery, capacity, and battery form. 

• The battery electric vehicle (BEV) segment dominated the France electric bus battery pack market in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the propulsion type, the France electric bus battery pack market is categorized into BEV and PHEV. Among these, the battery electric vehicle (BEV) segment dominated the France electric bus battery pack market in 2023 and is expected to grow at a significant CAGR during the forecast period.

This is due to the significant progress made in the areas of network infrastructure provisioning throughout France, advancements in battery technology, and the constantly rising demand for sustainable urban mobility solutions. Moreover, many cities in France are accelerating the switch to fully electric lines for public transportation fleets as battery producers keep improving their products by increasing their energy density, increasing their range, and cutting down on charging times.

• The NMC segment held the largest share of the France electric bus battery pack market in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. 

Based on the battery, the France electric bus battery pack market is divided into LFP, NCA, NCM, NMC, and others.  Among these, the NMC segment held the largest share of the France electric bus battery pack market in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. 

This segmental profitable revenue share contributed to the market expansion because of their superior performance attributes, such as their high energy density, enhanced safety features, and ideal thermal stability. Further, the segment benefits from the perks of well-established manufacturing facilities infrastructure and distributor chains, which support competitive pricing and promise consistent availability for electric bus manufacturers.

• The 40 kWh to 80 kWh segment accounted for the largest share of the France electric bus battery pack market in 2023 and is projected to grow at a remarkable growth during the forecast period.

Based on the capacity, the France electric bus battery pack market is categorized into 15 KWH to 40 kWh, 40 kWh to 80 kWh, above 80 kWh, and less than 15 kWh. Among these, the 40 kWh to 80 kWh segment accounted for the largest share of the France electric bus battery pack market in 2023 and is projected to grow at a remarkable growth during the forecast period. This segment is attributed to the market expansion because it offers enough energy storage for regular daily routes without requiring the additional expenses and weight penalties associated with larger battery packs, so key French electric bus manufacturers have often integrated standardized products around this capacity range. Moreover, the reason for this segment's popularity is that it strikes the ideal balance between weight and driving range, which makes it ideal for urban transit operations.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France electric bus battery pack market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Akasol AG
• Automotive Cells Company (ACC)
• Blue Solutions SA (Bolloré Group)
• BYD Company Ltd.
• Contemporary Amperex Technology Co. Ltd. (CATL)
• Elecsys France
• IRIZAR S.COOP.
• LG Energy Solution Ltd.
• Liten CEA Tech (COMMISSARIAT A L' ENERGIE ATOMIQUE ET AUX ENERGIES ALTERNATIVES)
• Microvast Holdings Inc
• Panasonic Holdings Corporation
• Saft Groupe S.A.
• Samsung SDI Co. Ltd.
• SK Innovation Co. Ltd.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Developments

• In October 2024, Irizar e-mobility contracted to supply ten new electric buses for the Bibus network in Brest Métropole, Brittany. These buses are set to start operating in mid-July 20251. The buses are 12 meters long and equipped with the latest generation of 470 kWh Irizar batteries. These feature three doors, an electric ramp, 24 seats, and two spaces for wheelchairs.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the France light commercial vehicles market based on the below-mentioned segments:

France Electric Bus Battery Pack Market, By Propulsion Type

• BEV
• PHEV

France Electric Bus Battery Pack Market, By Battery

• LFP
• NCA
• NCM
• NMC
• Others

France Electric Bus Battery Pack Market, By Capacity

• 15 kWh to 40 kWh
• 40 kWh to 80 kWh
• Above 80 kWh
• Less than 15 kWh