Secondary Battery Market

Secondary Battery Market by Technologies (Lead-acid Battery, Lithium-ion Battery, and Others [NiMh and NiCD]), Applications (Automotive Batteries [HEV, PHEV, and EV], Industrial Batteries [Motive and Stationary {Telecom, UPS, and Energy Storage Systems (ESS)}], Portable Batteries [Consumer Electronics], and Others [Power Tools Batteries, and SLI Batteries]), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: ICT-SE-3438
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 220
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The global secondary battery market size is estimated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing adoption of electric vehicles.

Secondary Battery Market

Secondary batteries, often known as store batteries or charge accumulators, are rechargeable batteries. It's a cell or a combination of cells with reversible cell responses. By flowing current through the cell or charging it from an external source, the original chemical conditions inside the cell can be restored effectively. Lead-acid, lithium-ion, and nickel metal hydride are three types of secondary batteries. These secondary battery components are both cost-effective and environmentally in the long term.

Secondary batteries and associated services are sold in portable gadgets, electronics, emergency lighting sources, and motor vehicles in the secondary battery market. However, many businesses have been badly impacted by the COVID-19 epidemic. It has brought the manufacturing process to a standstill and resulted in a lack of raw resources. Even though the electric car industry is a major driver of the market, the automotive sector has been stifled by the pandemic's drop in disposable income.

Market Trends, Drivers, Restraints, and Opportunities

  • Ongoing technological developments are estimated to drive the market growth.
  • Rising electric vehicles market is anticipated the global secondary battery market expansion during forecast period.
  • The demand and supply mismatch of raw materials can hamper the market growth.
  • Increasing utilization of artificial intelligence in the R&D of battery production is providing lucrative opportunities for the global secondary battery market.

Scope of the Report

The report on the global secondary battery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Secondary Battery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Secondary Battery Market  by Technologies (Lead-acid Battery, Lithium-ion Battery, and Others [NiMh & NiCD]), Applications (Automotive Batteries [HEV, PHEV, and EV], Industrial Batteries [Motive, and  Stationary {Telecom, UPS, and Energy Storage Systems (ESS)}], Portable Batteries [Consumer Electronics], and Others [Power Tools Batteries, and SLI Batteries])

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Duracell Inc.; Tesla Inc.;  BYD Co. Ltd; Contemporary Amperex Technology Co. Limited; and EnerSys

Secondary Battery Market Segment Insights

Lithium-Ion Battery segment is expected to grow at a rapid pace

Based on technologies, the market is divided into lead-acid battery, lithium-ion battery, and others. The others segment bifurcated into NIMH and NICD The lithium-ion battery segment is expected to grow at a rapid pace during the forecast period due to its favorable capacity-to-weight ratio.

Secondary Battery Market

Industrial batteries segment is projected to expand at a considerable CAGR

On the basis of applications, the market is segregated into automotive batteries, industrial batteries, portable batteries, and others. The automotive batteries segment is divided into HEV, PHEV, and EV. The industrial batteries segment is classified as motive and stationary. The stationary segment is further divided telecom, UPS, and energy storage systems (ESS). The portable batteries segment includes consumer electronics. The others segment is classified as power tools batteries and SLI batteries. The industrial batteries segment is projected to expand at a considerable CAGR during the forecast period owing to presence of different types of battery technologies.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the global secondary battery market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to government subsidies for both renewable and EVs, as well as an increasing applications for consumer electronics. Moreover, EV manufacturers in the country are considering lithium-ion batteries as a feasible alternative to lead-acid batteries. This is due to the fact that lithium-ion batteries are more expensive than lead-acid batteries.

Secondary Battery Market

Segments

Segments Covered in the Report

The global secondary battery market has been segmented on the basis of

Technologies

  • Lead-acid Battery
  • Lithium-ion Battery
  • Others
    • NiMh
    • NiCD

 Applications

  • Automotive Batteries
    • HEV
    • PHEV
    • EV
  • Industrial Batteries
    • Motive
    • Stationary
      • Telecom
      • UPS
      • Energy Storage Systems (ESS)
  • Portable Batteries
    • Consumer Electronics
  • Others
    • Power Tools Batteries
    • SLI Batteries

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Duracell Inc.
  • Tesla Inc.
  • BYD Co. Ltd
  • Contemporary Amperex Technology Co. Limited
  • EnerSys

Competitive Landscape

The global secondary battery market is highly fragmented and Key players competing in the global secondary battery market are Duracell Inc.; Tesla Inc.BYD Co. Ltd Contemporary Amperex Technology Co.; Limited; and EnerSys

Secondary Battery Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Secondary Battery Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Secondary Battery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Secondary Battery Market - Supply Chain
  4.5. Global Secondary Battery Market Forecast
     4.5.1. Secondary Battery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Secondary Battery Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Secondary Battery Market Absolute $ Opportunity
5. Global Secondary Battery Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Secondary Battery Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Secondary Battery Demand Share Forecast, 2019-2026
6. North America Secondary Battery Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Secondary Battery Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Secondary Battery Demand Share Forecast, 2019-2026
7. Latin America Secondary Battery Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Secondary Battery Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Secondary Battery Demand Share Forecast, 2019-2026
8. Europe Secondary Battery Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Secondary Battery Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Secondary Battery Demand Share Forecast, 2019-2026
9. Asia Pacific Secondary Battery Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Secondary Battery Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Secondary Battery Demand Share Forecast, 2019-2026
10. Middle East & Africa Secondary Battery Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Secondary Battery Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Secondary Battery Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Secondary Battery Market: Market Share Analysis
  11.2. Secondary Battery Distributors and Customers
  11.3. Secondary Battery Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The global secondary battery market has been segmented on the basis of

Technologies

  • Lead-acid Battery
  • Lithium-ion Battery
  • Others
    • NiMh
    • NiCD

 Applications

  • Automotive Batteries
    • HEV
    • PHEV
    • EV
  • Industrial Batteries
    • Motive
    • Stationary
      • Telecom
      • UPS
      • Energy Storage Systems (ESS)
  • Portable Batteries
    • Consumer Electronics
  • Others
    • Power Tools Batteries
    • SLI Batteries

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Duracell Inc.
  • Tesla Inc.
  • BYD Co. Ltd
  • Contemporary Amperex Technology Co. Limited
  • EnerSys

The global secondary battery market is highly fragmented and Key players competing in the global secondary battery market are Duracell Inc.; Tesla Inc.BYD Co. Ltd Contemporary Amperex Technology Co.; Limited; and EnerSys

Secondary Battery Market

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