Secondary Battery Market Size, Share, Trends, Growth Outlook

The global Secondary Battery Market Size is estimated to increase at a CAGR of 13.8% during the forecast period from 2024 to 2030.

 

The Secondary Battery Market research report provides a detailed analysis of diverse segments across 6 regions and 25 countries including Type (Lead-acid Batteries, Rechargeable Lithium Batteries, Nickel-metal Hydride Batteries, Nickel-cadmium Batteries, Others), Application (Motor Vehicle, Portable Device, Motive Power, Backup Power, Others), End Use (Traction, Power tools, Motor drives, Laptop computers, Mobile phones, PDAs, Camcorders, Toys).

An Introduction to Secondary Battery Markets in 2024

Productivity, technology enablement, and sustainability remain the key market-driving forces in the global Secondary Battery industry landscape. Companies that invest in that supply chain and operational resiliency are poised to gain a competitive edge over other market players. The global energy investments are set to increase from around $1,652 Billion in 2024 to $2845 Billion in 2040. As the world is making steady progress towards net zero, energy security, affordability, and industrial competitiveness remain key focus areas of most Secondary Battery companies. The Secondary Battery demand trajectory varies based on multiple scenarios, from macroeconomic conditions, regulatory support, investment scenarios, and the global landscape. Decision makers across the Secondary Battery industry value chain formulating long-term transition strategies with a diverse range of future scenarios are likely to stay ahead of the competition curve.

Secondary Battery Market Trends:

The secondary battery market is experiencing a trend towards advanced energy storage solutions for various applications, including electric vehicles, renewable energy integration, and grid stabilization. Innovations in lithium-ion batteries, solid-state batteries, and advanced chemistries are prevalent trends. Secondary batteries, commonly known as rechargeable batteries, provide energy storage for diverse sectors, offering high energy density and longer cycle life. Moreover, advancements in battery technology, increased demand for portable power, and the electrification of transportation are shaping the market.

Secondary Battery Market Drivers:

Key drivers stimulating the secondary battery market include the rise in electric vehicle adoption, renewable energy storage needs, and technological advancements in battery performance. Secondary batteries offer advantages like improved energy density, rapid charging capabilities, and sustainability, driving their significance in the transition towards clean energy solutions. Moreover, technological advancements in battery chemistries, government incentives for energy storage, and expanding renewable energy capacities contribute significantly to market growth.

Secondary Battery Market Opportunities:

Opportunities in the secondary battery market lie in advancing battery technologies and promoting their role in enabling energy transition. Collaboration among battery manufacturers, automotive industry players, and energy storage integrators offers significant growth prospects. Moreover, investing in next-generation battery chemistries, promoting circular economy practices in battery recycling, and advocating for the benefits of secondary batteries for energy storage can unlock new avenues for market expansion. Exploring partnerships for large-scale battery storage projects, advocating for battery-related incentives, and showcasing successful battery deployments can further drive market growth and facilitate wider adoption.

Secondary Battery Market Segmentation

Secondary Batteries are rechargeable batteries capable of being charged and discharged multiple times, commonly used in various applications, including energy storage systems, portable electronics, and electric vehicles.

By Type
• Lead-acid Batteries
• Rechargeable Lithium Batteries
• Nickel-metal Hydride Batteries
• Nickel-cadmium Batteries
• Others

By Application
• Motor Vehicle
• Portable Device
• Motive Power
• Backup Power
• Others

By End Use
• Traction
• Power tools
• Motor drives
• Laptop computers
• Mobile phones
• PDAs
• Camcorders
• Toys

Secondary Battery Market Companies

• A123 Systems, LLC
• Amperex Technology Co., Ltd.
• BYD Company Limited
• Exide Technologies LLC
• Hitachi Chemical Co., Ltd.
• Johnson Controls International plc
• LG Chem Ltd.
• Panasonic Corporation
• Saft Groupe SA
• Samsung SDI Co., Ltd.
• Tianjin Lishen Battery Joint-Stock Co., Ltd.

Reasons to Buy the Secondary Battery Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Secondary Battery market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Secondary Battery industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 INTRODUCTION TO 2024 Secondary Battery MARKETS
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 RESEARCH METHODOLOGY
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 EXECUTIVE SUMMARY
3.1 Global Secondary Battery Market Size Outlook, $ Million, 2021 to 2030
3.2 Secondary Battery Market Outlook by Type, $ Million, 2021 to 2030
3.3 Secondary Battery Market Outlook by Product, $ Million, 2021 to 2030
3.4 Secondary Battery Market Outlook by Application, $ Million, 2021 to 2030
3.5 Secondary Battery Market Outlook by Key Countries, $ Million, 2021 to 2030

4 MARKET DYNAMICS
4.1 Key Driving Forces of Secondary Battery Industry
4.2 Key Market Trends in Secondary Battery Industry
4.3 Potential Opportunities in Secondary Battery Industry
4.4 Key Challenges in Secondary Battery Industry
5 MARKET FACTOR ANALYSIS
5.1 Competitive Landscape
5.1.1 Global Secondary Battery Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 GROWTH OUTLOOK ACROSS SCENARIOS
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 GLOBAL Secondary Battery MARKET OUTLOOK BY SEGMENTS
7.1 Secondary Battery Market Outlook by Segments
Type
Lead-acid Batteries
Rechargeable Lithium Batteries
Nickel-metal Hydride Batteries
Nickel-cadmium Batteries
Others

Application
Motor Vehicle
Portable Device
Motive Power
Backup Power
Others

End Use
Traction
Power tools
Motor drives
Laptop computers
Mobile phones
PDAs
Camcorders
Toys


8 NORTH AMERICA Secondary Battery MARKET ANALYSIS AND OUTLOOK TO 2030
8.1 Introduction to North America Secondary Battery Markets in 2024
8.2 North America Secondary Battery Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Secondary Battery Market size Outlook by Segments, 2021-2030
Type
Lead-acid Batteries
Rechargeable Lithium Batteries
Nickel-metal Hydride Batteries
Nickel-cadmium Batteries
Others

Application
Motor Vehicle
Portable Device
Motive Power
Backup Power
Others

End Use
Traction
Power tools
Motor drives
Laptop computers
Mobile phones
PDAs
Camcorders
Toys


9 EUROPE Secondary Battery MARKET ANALYSIS AND OUTLOOK TO 2030
9.1 Introduction to Europe Secondary Battery Markets in 2024
9.2 Europe Secondary Battery Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Secondary Battery Market size Outlook by Segments, 2021-2030
Type
Lead-acid Batteries
Rechargeable Lithium Batteries
Nickel-metal Hydride Batteries
Nickel-cadmium Batteries
Others

Application
Motor Vehicle
Portable Device
Motive Power
Backup Power
Others

End Use
Traction
Power tools
Motor drives
Laptop computers
Mobile phones
PDAs
Camcorders
Toys


10 ASIA PACIFIC Secondary Battery MARKET ANALYSIS AND OUTLOOK TO 2030
10.1 Introduction to Asia Pacific Secondary Battery Markets in 2024
10.2 Asia Pacific Secondary Battery Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Secondary Battery Market size Outlook by Segments, 2021-2030
Type
Lead-acid Batteries
Rechargeable Lithium Batteries
Nickel-metal Hydride Batteries
Nickel-cadmium Batteries
Others

Application
Motor Vehicle
Portable Device
Motive Power
Backup Power
Others

End Use
Traction
Power tools
Motor drives
Laptop computers
Mobile phones
PDAs
Camcorders
Toys


11 SOUTH AMERICA Secondary Battery MARKET ANALYSIS AND OUTLOOK TO 2030
11.1 Introduction to South America Secondary Battery Markets in 2024
11.2 South America Secondary Battery Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Secondary Battery Market size Outlook by Segments, 2021-2030
Type
Lead-acid Batteries
Rechargeable Lithium Batteries
Nickel-metal Hydride Batteries
Nickel-cadmium Batteries
Others

Application
Motor Vehicle
Portable Device
Motive Power
Backup Power
Others

End Use
Traction
Power tools
Motor drives
Laptop computers
Mobile phones
PDAs
Camcorders
Toys


12 MIDDLE EAST AND AFRICA Secondary Battery MARKET ANALYSIS AND OUTLOOK TO 2030
12.1 Introduction to Middle East and Africa Secondary Battery Markets in 2024
12.2 Middle East and Africa Secondary Battery Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Secondary Battery Market size Outlook by Segments, 2021-2030
Type
Lead-acid Batteries
Rechargeable Lithium Batteries
Nickel-metal Hydride Batteries
Nickel-cadmium Batteries
Others

Application
Motor Vehicle
Portable Device
Motive Power
Backup Power
Others

End Use
Traction
Power tools
Motor drives
Laptop computers
Mobile phones
PDAs
Camcorders
Toys


13 COMPANY PROFILES
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
- A123 Systems, LLC
- Amperex Technology Co., Ltd.
- BYD Company Limited
- Exide Technologies LLC
- Hitachi Chemical Co., Ltd.
- Johnson Controls International plc
- LG Chem Ltd.
- Panasonic Corporation
- Saft Groupe SA
- Samsung SDI Co., Ltd.
- Tianjin Lishen Battery Joint-Stock Co., Ltd.


14 APPENDIX
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
• Lead-acid Batteries
• Rechargeable Lithium Batteries
• Nickel-metal Hydride Batteries
• Nickel-cadmium Batteries
• Others

By Application
• Motor Vehicle
• Portable Device
• Motive Power
• Backup Power
• Others

By End Use
• Traction
• Power tools
• Motor drives
• Laptop computers
• Mobile phones
• PDAs
• Camcorders
• Toys