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PUBLISHER: Grand View Research | PRODUCT CODE: 1679565
PUBLISHER: Grand View Research | PRODUCT CODE: 1679565
Secondary Battery Market Size, Share & Trends Analysis Report By Type (Lithium-ion, Lead Acid, Nickel Metal Hydride), By Application (Motor Vehicles, Industrial Batteries, Portable Devices, Electronics), By Region, And Segment Forecasts, 2025 - 2030
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Secondary Battery Market Growth & Trends:
The global secondary battery market size is anticipated to reach USD 207.19 billion by 2030 and is anticipated to expand at a CAGR of 9.4% during the forecast period, according to a new report by Grand View Research, Inc. The demand for secondary batteries is likely to grow significantly in the coming years, driven by the rapid adoption of electric vehicles (EVs), the expansion of renewable energy storage systems, and the increasing use of portable electronic devices. Governments worldwide are implementing stringent emission regulations and offering incentives for clean energy solutions, further boosting the need for efficient energy storage.
The lithium-ion battery sector is the largest type segment, fueled by high energy density, long cycle life, and fast charging capabilities. The proliferation of consumer electronics, including smartphones, laptops, and wearable devices, also fuels demand, as consumers seek longer battery life and faster charging. Together, these factors position lithium-ion batteries as a critical enabler of the global transition to sustainable energy and advanced technology.
The portable devices segment in the secondary battery industry is driven by the increasing demand for smartphones, laptops, tablets, and wearable devices, fueled by the growing reliance on technology for work, education, and entertainment. Consumers are seeking devices with longer battery life, faster charging, and compact designs, pushing advancements in lithium-ion and other battery technologies.
The secondary battery industry is driven by the growing demand for electric vehicles (EVs), the expansion of renewable energy storage solutions, and increasing consumer electronics adoption. Governments worldwide are implementing policies and incentives to support battery production and electrification, further accelerating market growth.
Secondary Battery Market Report Highlights:
- Based on type, Lithium-ion Batteries held the largest revenue share of over 78.15% in 2024. Lithium-ion batteries are the cornerstone of the market, driven primarily by the rapid adoption of electric vehicles (EVs), which rely heavily on these batteries for their high energy density, long cycle life, and fast charging capabilities.
- Based on applications, Motor vehicles segment held the revenue share of over 33.65% in 2024. Governments worldwide are implementing stringent emission regulations and offering incentives to promote clean transportation, accelerating the demand for high-performance batteries, particularly lithium-ion.
- Asia Pacific is expected to grow at fastest CAGR over the forecast period, driven by fueled by government policies, subsidies, and stringent emission regulations in countries like China, India, and Japan.
Product Code: GVR-4-68040-529-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliance
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Secondary Battery Market: Type Estimates & Trend Analysis
- 4.1. Secondary Battery Market: Type Movement Analysis, 2024 & 2030
- 4.2. Lithium-ion
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Lead acid
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Nickel Metal Hydride
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Secondary Battery Market: Application Estimates & Trend Analysis
- 5.1. Secondary Battery Market: Application Movement Analysis, 2024 & 2030
- 5.2. Motor Vehicles
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Industrial Batteries
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Portable Devices
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Electronics
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6. Other Applications
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Secondary Battery Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.4.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.5. UAE
- 6.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Million)
- 6.6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments, By Key Market Participants
- 7.2. Company Categorization
- 7.3. List of Key Component Suppliers & Channel Partners
- 7.4. Company Market Share & Positioning Analysis, 2024
- 7.5. Heat Map Analysis
- 7.6. Vendor Landscape
- 7.6.1. List of Raw Material Suppliers
- 7.6.2. List of Distributors/Traders
- 7.6.3. List of Other Prominent Manufacturers
- 7.7. List of Prospective End Users
- 7.8. Strategy Mapping
- 7.9. Company Profiles/Listing
- 7.9.1. LG Chem
- 7.9.1.1. Company Overview
- 7.9.1.2. Financial Performance
- 7.9.1.3. Product Benchmarking
- 7.9.2. Hitachi High-Tech India Private Limited
- 7.9.2.1. Company Overview
- 7.9.2.2. Financial Performance
- 7.9.2.3. Product Benchmarking
- 7.9.3. Aquion Energy LLC
- 7.9.3.1. Company Overview
- 7.9.3.2. Financial Performance
- 7.9.3.3. Product Benchmarking
- 7.9.4. Johnson Controls
- 7.9.4.1. Company Overview
- 7.9.4.2. Financial Performance
- 7.9.4.3. Product Benchmarking
- 7.9.5. BTI
- 7.9.5.1. Company Overview
- 7.9.5.2. Financial Performance
- 7.9.5.3. Product Benchmarking
- 7.9.6. Amperex Technologies
- 7.9.6.1. Company Overview
- 7.9.6.2. Financial Performance
- 7.9.6.3. Product Benchmarking
- 7.9.7. Panasonic Corporation
- 7.9.7.1. Company Overview
- 7.9.7.2. Financial Performance
- 7.9.7.3. Product Benchmarking
- 7.9.8. BYD Company Ltd.
- 7.9.8.1. Company Overview
- 7.9.8.2. Financial Performance
- 7.9.8.3. Product Benchmarking
- 7.9.9. SAMSUNG SDI CO., LTD.
- 7.9.9.1. Company Overview
- 7.9.9.2. Financial Performance
- 7.9.9.3. Product Benchmarking
- 7.9.10. Energizer Holdings Inc.
- 7.9.10.1. Company Overview
- 7.9.10.2. Financial Performance
- 7.9.10.3. Product Benchmarking
- 7.9.1. LG Chem
Product Code: GVR-4-68040-529-4
List of Tables
- TABLE 1 Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 2 Lithium-ion market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 3 Lead acid market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 4 Nickel Metal Hydride market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 5 Other Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 6 Secondary Battery market estimates & forecasts, in Motor Vehicles, 2018 - 2030 (USD Million)
- TABLE 7 Secondary Battery market estimates & forecasts, in Industrial Batteries, 2018 - 2030 (USD Million)
- TABLE 8 Secondary Battery market estimates & forecasts, in Portable Devices, 2018 - 2030 (USD Million)
- TABLE 9 Secondary Battery market estimates & forecasts, in electronics, 2018 - 2030 (USD Million)
- TABLE 10 Secondary Battery market estimates & forecasts, in other applications, 2018 - 2030 (USD Million)
- TABLE 11 North America Secondary Battery market estimates & forecast, 2018 - 2030 (USD Million)
- TABLE 12 North America Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 13 North America Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 14 U.S. Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 15 U.S. Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 16 U.S. Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 17 Canada Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 18 Canada Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 19 Canada Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 20 Mexico Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 21 Mexico Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 22 Mexico Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 23 Europe Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 24 Europe Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 25 Europe Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 26 Germany Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 27 Germany Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 28 Germany Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 29 France Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 30 France Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 31 France Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 32 UK Secondary Battery market estimates & forecast, 2018 - 2030 (USD Million)
- TABLE 33 UK Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 34 UK Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 35 Asia Pacific Secondary Battery market estimates & forecast, 2018 - 2030 (USD Million)
- TABLE 36 Asia Pacific Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 37 Asia Pacific Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 38 China Secondary Battery market estimates & forecast, 2018 - 2030 (USD Million)
- TABLE 39 China Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 40 China Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 41 Japan Secondary Battery market estimates & forecast, 2018 - 2030 (USD Million)
- TABLE 42 Japan Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 43 Japan Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 44 South Korea Secondary Battery market estimates & forecast, 2018 - 2030 (USD Million)
- TABLE 45 South Korea Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 46 South Korea Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 47 India Secondary Battery market estimates & forecast, 2018 - 2030 (USD Million)
- TABLE 48 India Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 49 India Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 50 Central & South America Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 51 Central & South America Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 52 Central & South America Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 53 Brazil Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 54 Brazil Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 55 Brazil Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 56 Middle East & Africa Secondary Battery market estimates & forecast, 2018 - 2030 (USD Million)
- TABLE 57 Middle East & Africa Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 58 Middle East & Africa Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 59 Saudi Arabia Secondary Battery market estimates & forecasts, 2018 - 2030 (USD Million)
- TABLE 60 Saudi Arabia Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 61 Saudi Arabia Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
- TABLE 62 UAE Secondary Battery market estimates & forecast, 2018 - 2030 (USD Million)
- TABLE 63 UAE Secondary Battery market estimates & forecasts by type, 2018 - 2030 (USD Million)
- TABLE 64 UAE Secondary Battery market estimates & forecasts by application, 2018 - 2030 (USD Million)
List of Figures
- FIG. 1 Market segmentation
- FIG. 2 Information procurement
- FIG. 3 Data analysis models
- FIG. 4 Market formulation and validation
- FIG. 5 Data validating & publishing
- FIG. 6 Market snapshot
- FIG. 7 Segmental outlook - Application & Type
- FIG. 8 Competitive Outlook
- FIG. 9 Secondary Battery market outlook, 2018 - 2030 (USD Million)
- FIG. 10 Value chain analysis
- FIG. 11 Market dynamics
- FIG. 12 Porter's Analysis
- FIG. 13 PESTEL Analysis
- FIG. 14 Secondary Battery market, by type: Key takeaways
- FIG. 15 Secondary Battery market, by type: Market share, 2024 & 2030
- FIG. 16 Secondary Battery market, by application: Key takeaways
- FIG. 17 Secondary Battery market, by application: Market share, 2024 & 2030
- FIG. 18 Secondary Battery market: Regional analysis, 2024 & 2030
- FIG. 19 Secondary Battery market, by region: Key takeaways
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