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PUBLISHER: IMARC | PRODUCT CODE: 1519776
PUBLISHER: IMARC | PRODUCT CODE: 1519776
Secondary Battery Market Report by Type (Lead Acid, Lithium-Ion, Nickel Metal Hydride, and Others), Application, Industry Vertical, and Region 2024-2032
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The global secondary battery market size reached US$ 117.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 257.9 Billion by 2032, exhibiting a growth rate (CAGR) of 9% during 2024-2032.
Secondary batteries are accumulators or rechargeable batteries that store chemical energy and convert it into electrical energy depending on the requirement. These batteries are economical and offer high power density, reasonable discharge rate, and low-temperature performance than primary batteries. As a result, they are used to power electronic devices, cellular phones, and hybrid electric vehicles (HEVs). At present, several manufacturers are introducing novel secondary batteries, such as a flow cell battery that allows large-scale (GWh) energy storage using wide basins at a low price.
Secondary Battery Market Trends:
The boosting sales of portable electronic devices, such as mobiles, speakers, and laptops, due to the escalating internet penetration and rising purchasing capacity of consumers worldwide represent one of the key factors strengthening the growth of the market. Moreover, the emerging trend of electric vehicles (EVs) on account of the rising awareness among individuals about greenhouse gas (GHG) emissions associated with conventional automobiles is contributing to the market growth. This can also be accredited to tax incentives and subsidies offered by governments of several countries to EV manufacturers. Apart from this, increasing investments in renewable energy, the rising need for efficient energy storage devices, and low maintenance costs of secondary batteries are other significant factors driving the market. In addition to this, the growing energy consumption worldwide due to rapid urbanization and increasing instances of frequent power supply interruptions is catalyzing the demand for secondary batteries for power backup. Besides this, as secondary batteries allow ultra-fast charging with minimal stress and provide high specific energy, they are gaining widespread adoption in power tools, medical devices, aviation, and industrial applications around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global secondary battery market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, application and industry vertical.
Breakup by Type:
Lead Acid
Lithium-Ion (Li-ion)
Nickel Metal Hydride
Others
Breakup by Application:
Electronics
Motor Vehicles
Industrial Batteries
Portables Devices
Others
Breakup by Industry Vertical:
Chemical and Petrochemical
Oil and Gas
Energy and Power
Automotive
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amperex Technology Limited (TDK Corporation), Byd Company Limited, Duracell Inc. (Berkshire Hathaway Inc.), Energizer Holdings Inc., EnerSys, LG Chem Ltd., Panasonic Corporation, Saft (TotalEnergies SE), Samsung SDI Co. Ltd., Showa Denko K. K., Sony Group Corporation and Tianjin Lishen Battery Joint-Stock Co. Ltd.
Key Questions Answered in This Report:
- How has the global secondary battery market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global secondary battery market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global secondary battery market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112024A5241
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Secondary Battery Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Lead Acid
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Lithium-Ion (Li-ion)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Nickel Metal Hydride
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Application
- 7.1 Electronics
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Motor Vehicles
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Industrial Batteries
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Portables Devices
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Industry Vertical
- 8.1 Chemical and Petrochemical
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Oil and Gas
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Energy and Power
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Automotive
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Amperex Technology Limited (TDK Corporation)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Byd Company Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Duracell Inc. (Berkshire Hathaway Inc.)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Energizer Holdings Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 EnerSys
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 LG Chem Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Panasonic Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Saft (TotalEnergies SE)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Samsung SDI Co. Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Showa Denko K. K.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Sony Group Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Tianjin Lishen Battery Joint-Stock Co. Ltd.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Amperex Technology Limited (TDK Corporation)
Product Code: SR112024A5241
List of Figures
- Figure 1: Global: Secondary Battery Market: Major Drivers and Challenges
- Figure 2: Global: Secondary Battery Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Secondary Battery Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Secondary Battery Market: Breakup by Type (in %), 2023
- Figure 5: Global: Secondary Battery Market: Breakup by Application (in %), 2023
- Figure 6: Global: Secondary Battery Market: Breakup by Industry Vertical (in %), 2023
- Figure 7: Global: Secondary Battery Market: Breakup by Region (in %), 2023
- Figure 8: Global: Secondary Battery (Lead Acid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Secondary Battery (Lead Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Secondary Battery (Lithium-Ion (Li-ion)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Secondary Battery (Lithium-Ion (Li-ion)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Secondary Battery (Nickel Metal Hydride) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Secondary Battery (Nickel Metal Hydride) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Secondary Battery (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Secondary Battery (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Secondary Battery (Electronics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Secondary Battery (Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Secondary Battery (Motor Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Secondary Battery (Motor Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Secondary Battery (Industrial Batteries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Secondary Battery (Industrial Batteries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Secondary Battery (Portables Devices) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Secondary Battery (Portables Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Secondary Battery (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Secondary Battery (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Secondary Battery (Chemical and Petrochemical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Secondary Battery (Chemical and Petrochemical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Secondary Battery (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Secondary Battery (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Secondary Battery (Energy and Power) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Secondary Battery (Energy and Power) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Secondary Battery (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Secondary Battery (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Global: Secondary Battery (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Global: Secondary Battery (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: North America: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: North America: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: United States: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: United States: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Canada: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Canada: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Asia-Pacific: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Asia-Pacific: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: China: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: China: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Japan: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Japan: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: India: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: India: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: South Korea: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: South Korea: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Australia: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Australia: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Indonesia: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Indonesia: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Others: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Others: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Europe: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Europe: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Germany: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Germany: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: France: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: France: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: United Kingdom: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: United Kingdom: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Italy: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Italy: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Spain: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Spain: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Russia: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Russia: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Latin America: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Latin America: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Brazil: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Brazil: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Mexico: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Mexico: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Others: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Others: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 82: Middle East and Africa: Secondary Battery Market: Sales Value (in Million US$), 2018 & 2023
- Figure 83: Middle East and Africa: Secondary Battery Market: Breakup by Country (in %), 2023
- Figure 84: Middle East and Africa: Secondary Battery Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 85: Global: Secondary Battery Industry: SWOT Analysis
- Figure 86: Global: Secondary Battery Industry: Value Chain Analysis
- Figure 87: Global: Secondary Battery Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Secondary Battery Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Secondary Battery Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Secondary Battery Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Secondary Battery Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
- Table 5: Global: Secondary Battery Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Secondary Battery Market: Competitive Structure
- Table 7: Global: Secondary Battery Market: Key Players
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