Secondary Battery Market Size, Share, Trends & Analysis 2027

    Secondary Battery Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology (Lead-acid Secondary Battery, Lithium-ion Secondary Battery, Other Technologies); Application (Automotive, Industrial, Portable Batteries, Medical Device, Forklift, Others Applications)

    Publication Month: Nov 2020 | Report Code: TIPRE00014996 | No. of Pages: 149 | Category: Electronics and Semiconductor | Status: Published

    The secondary battery market was valued at US$ 52,884.4 million in 2019 and is projected to reach US$ 85,395.2 million by 2027; it is expected to grow at a CAGR of 8.5% during 2020–2027.

    The global battery industry is experiencing a growth in various developed and developing economies owing to its robust features, such as higher density and longer life cycle. These factors drive the growth of the battery industry in all the key regions such as North America, Europe, and APAC. Lithium-ion batteries are dominantly used secondary battery type in consumer electronics such as smartphones, iPods, laptops, and wearable devices. These rechargeable batteries are also likely to dominate the automotive, industrial, and power storage applications. At present, there is greater demand for connected and smart consumer products than conventional electronic products.

    Smartphone is one of the fastest-growing segments in the consumer electronics industry, and it has an enormous impact on the secondary battery business. These battery technologies have revolutionized tablets and smartphones and are now finding applications in desktop displays, laptops, wearable devices, and PCs. Owing to tremendous competition in the , device manufacturers constantly focus on designing low-cost systems featuring high-quality displays, with easy navigation and long battery life.

    Impact of COVID-19 Pandemic on Secondary battery Market

    Coronavirus outbreak first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. According to the latest WHO figures, there are 35,659,007 confirmed cases and 1,044,269 total deaths globally. The coronavirus outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global electronics and semiconductor industry is one of the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, office shutdowns etc. as a result of this outbreak. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is also one of the worst affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various electronic goods. Companies such as Apple and Microsoft have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the electronic and semiconductor industry in a negative manner and thus act as restraining factor for the growth of various Secondary Battery market related to this industry in the coming months

    Lucrative Regions of Secondary battery Market

    Lucrative Regions of Secondary battery Market

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    Market Insights–Secondary battery Market

    Increasing Demand for Secondary Battery in Energy Storage Technology

    The rising concerns regarding the environmental impacts of using fossil fuels and the benefits of energy grids, engineers are progressively adopting energy storage solutions. Since this solution helps address the intermittency of wind and solar power, it also responds swiftly to large fluctuations in demand, making the grid more responsive and reducing the requirement to develop backup power plants. The growing demand for energy-efficient battery-powered portable devices, increasing need of upgrading existing power infrastructure, and rising preference for renewable power sources are among the significant factors propelling the growth of the energy storage industry. Most energy storage projects developed by independent system operators (ISOs) use lithium-ion batteries that deliver sufficient energy to address the demand received by local grid.

    Technology Type-Based Insights

    The secondary battery market, based on technology, is segmented into the lead-acid secondary battery, lithium-ion secondary battery, and other technologies. The lead-acid secondary battery is the oldest battery system. These robust batteries can be used for emergency lighting and uninterruptible power supply (UPS). The lithium-ion secondary battery is considered as an optimal choice for the portable energy storage devices used in the consumer electronics industry. These batteries are expensive than other batteries; however, high cycle count and low maintenance requirements mitigate the cost factor. The growing adoption of these technologies in various industrial applications is expected to boom the market in the coming years

    Secondary battery Market, by Ink Type(% Share)

    Secondary battery Market, by Ink Type(% Share)

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    Application-Based Insights

    On the basis of application, the secondary battery market is segmented into automotive, industrial, portable batteries, medical devices, forklift, and others. The automotive application is a prominent segment in the market, accounting for enormous demand for secondary batteries, especially lithium-ion batteries. The automotive sector is focusing on reducing environmental impact of its products; hence, the demand for these batteries is increasing constantly. In addition, the consumer electronics industry has significantly adopted secondary batteries owing to their features such as low weight, energy-saving capacity, and high performance. Further, the medical sector is also procuring huge amounts of secondary batteries, with an objective to optimize their products and solutions with innovative technologies.

    Strategic Insights

    The secondary battery market players are mainly focusing on the development of advanced and efficient products.

    • In 2020, GS Yuasa Corporation announced that its automotive lithium-ion battery EHW4S has been adopted for the first time in the Hybrid Synergy Drive system of Toyota Motor Corporation and has been installed in the new Harrier hybrid model launched on June 17, 2020
    • In 2020, GS Yuasa Corporation announced that consolidated subsidiary GS Yuasa International Ltd. has signed a share transfer agreement with Sanken Electric Co., Ltd. regarding GS Yuasa’s acquisition of the Infrastructure business of Sanken Electric.

    The global secondary battery market has been segmented as follows:


    Secondary Battery Market – by Technology

    • Lead-acid Secondary Battery
    • Lithium-ion Secondary Battery
    • Other Technologies


    Secondary Battery Market – by Application

    • Automotive
    • Industrial
    • Portable Batteries
    • Medical Device
    • Forklift
    • Others Applications

    Secondary Battery Market – by Region

    • North America

      • US
      • Canada
      • Mexico
    • Europe

      • Germany
      • France
      • Italy
      • UK
      • Russia
      • Rest of Europe
    • Asia Pacific (APAC)

      • Australia
      • China
      • India
      • Japan
      • South Korea
      • Rest of APAC
    • Middle East and Africa (MEA)

      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA
    • South America (SAM)

      • Brazil
      • Argentina
      • Rest of SAM


    Secondary battery Market –CompanyProfiles

    • Amperex Technology Limited
    • BYD Company Ltd
    • Duracell Inc.
    • EnerSys
    • Contemporary Amperex Technology Co. Limited
    • Panasonic Corporation
    • Saft Groupe SA
    • Samsung SDI Co., Ltd.
    • GS Yuasa International Ltd.
    • LG Chem

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    2. Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. Secondary Battery Market Landscape

    4.1 Market Overview

    4.1.1 North America

    4.1.2 Europe

    4.1.3 APAC

    4.1.4 MEA

    4.1.5 SAM

    4.2 Ecosystem Analysis

    4.3 Expert Opinion

    5. Secondary Battery –Market Dynamics

    5.1 Market Drivers

    5.1.1 Growing Adoption of Secondary Battery in Consumer Electronics Industry

    5.1.2 Increasing Demand for Secondary Battery in Energy Storage Technology

    5.2 Market Restraints

    5.2.1 Overheating of Lithium-Ion Battery

    5.3 Market Opportunities

    5.3.1 Surge in Demand for EVs

    5.4 Future Trends

    5.4.1 Industrial Applications of Lithium-Ion Technologies

    5.5 Impact Analysis of Drivers and Restraints

    6. Secondary Battery Market – Global Analysis

    6.1 Global Secondary Battery Market Overview

    6.2 Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    6.3 Market Positioning – Top Five Players

    7. Secondary Battery Market Analysis – By Technology

    7.1 Overview

    7.2 Secondary Battery Market Breakdown, by Technology, 2019 & 2027

    7.3 Lead-Acid Secondary Battery

    7.3.1 Overview

    7.3.2 Lead-acid Secondary Battery Market Revenue and Forecast to 2027 (US$ Million)

    7.4 Lithium-ion Secondary Battery

    7.4.1 Overview

    7.4.2 Lithium-ion Secondary Battery Market Revenue and Forecast to 2027 (US$ Million)

    7.5 Other Technologies

    7.5.1 Overview

    7.5.2 Other Technology Market Revenue and Forecast to 2027 (US$ Million)

    8. Secondary Battery Market Revenue and Forecast to 2027 – Application

    8.1 Overview

    8.2 Secondary Battery Market Breakdown, By Application, 2019 & 2027

    8.3 Automotive

    8.3.1 Overview

    8.3.2 Automotive Market Forecast and Analysis

    8.4 Industrial

    8.4.1 Overview

    8.4.2 Industrial Market Forecast and Analysis

    8.5 Portable Batteries

    8.5.1 Overview

    8.5.2 Portable Batteries Market Forecast and Analysis

    8.6 Medical Device

    8.6.1 Overview

    8.6.2 Medical Device Market Forecast and Analysis

    8.7 Forklift

    8.7.1 Overview

    8.7.2 Forklift Market Forecast and Analysis

    8.8 Others Applications

    8.8.1 Overview

    8.8.2 Others Applications Market Forecast and Analysis

    9. Secondary Battery Market – Geographic Analysis

    9.1 Overview

    9.2 North America: Secondary Battery Market

    9.2.1 North America: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.2 North America: Secondary Battery Market, by Technology

    9.2.3 North America: Secondary Battery Market, by Application

    9.2.4 North America: Secondary Battery Market, by Key Country

    9.2.4.1 US: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.4.1.1 US: Secondary Battery Market, by Technology

    9.2.4.1.2 US: Secondary Battery Market, by Application

    9.2.4.2 Canada: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.4.2.1 Canada: Secondary Battery Market, by Technology

    9.2.4.2.2 Canada: Secondary Battery Market, by Application

    9.2.4.3 Mexico: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.2.4.3.1 Mexico: Secondary Battery Market, by Technology

    9.2.4.3.2 Mexico: Secondary Battery Market, by Application

    9.3 Europe: Secondary Battery Market

    9.3.1 Europe: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.2 Europe: Secondary Battery Market, by Technology

    9.3.3 Europe: Secondary Battery Market, by Application

    9.3.4 Europe: Secondary Battery Market, by Key Country

    9.3.4.1 Germany: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.1.1 Germany: Secondary Battery Market, by Technology

    9.3.4.1.2 Germany: Secondary Battery Market, by Application

    9.3.4.2 France: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.2.1 France: Secondary Battery Market, by Technology

    9.3.4.2.2 France: Secondary Battery Market, by Application

    9.3.4.3 Italy: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.3.1 Italy: Secondary Battery Market, by Technology

    9.3.4.3.2 Italy: Secondary Battery Market, by Application

    9.3.4.4 UK: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.4.1 UK: Secondary Battery Market, by Technology

    9.3.4.4.2 UK: Secondary Battery Market, by Application

    9.3.4.5 Russia: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.5.1 Russia: Secondary Battery Market, by Technology

    9.3.4.5.2 Russia: Secondary Battery Market, by Application

    9.3.4.6 Rest of Europe: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.3.4.6.1 Rest of Europe: Secondary Battery Market, by Technology

    9.3.4.6.2 Rest of Europe: Secondary Battery Market, by Application

    9.4 APAC: Secondary Battery Market

    9.4.1 APAC: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.2 APAC: Secondary Battery Market, by Technology

    9.4.3 APAC: Secondary Battery Market, by Application

    9.4.4 APAC: Secondary Battery Market, by Key Country

    9.4.4.1 China: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.1.1 China: Secondary Battery Market, by Technology

    9.4.4.1.2 China: Secondary Battery Market, by Application

    9.4.4.2 India: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.2.1 India: Secondary Battery Market, by Technology

    9.4.4.2.2 India: Secondary Battery Market, by Application

    9.4.4.3 Japan: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.3.1 Japan: Secondary Battery Market, by Technology

    9.4.4.3.2 Japan: Secondary Battery Market, by Application

    9.4.4.4 South Korea: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.4.1 South Korea: Secondary Battery Market, by Technology

    9.4.4.4.2 South Korea: Secondary Battery Market, by Application

    9.4.4.5 Australia: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.5.1 Australia: Secondary Battery Market, by Technology

    9.4.4.5.2 Australia: Secondary Battery Market, by Application

    9.4.4.6 Rest of APAC: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.4.4.6.1 Rest of APAC: Secondary Battery Market, by Technology

    9.4.4.6.2 Rest of APAC: Secondary Battery Market, by Application

    9.5 MEA: Secondary Battery Market

    9.5.1 MEA: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.2 MEA: Secondary Battery Market, by Technology

    9.5.3 MEA: Secondary Battery Market, by Application

    9.5.4 MEA: Secondary Battery Market, by Key Country

    9.5.4.1 South Africa: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.1.1 South Africa: Secondary Battery Market, by Technology

    9.5.4.1.2 South Africa: Secondary Battery Market, by Application

    9.5.4.2 Saudi Arabia: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.2.1 Saudi Arabia: Secondary Battery Market, by Technology

    9.5.4.2.2 Saudi Arabia: Secondary Battery Market, by Application

    9.5.4.3 UAE: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.3.1 UAE: Secondary Battery Market, by Technology

    9.5.4.3.2 UAE: Secondary Battery Market, by Application

    9.5.4.4 Rest of MEA: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.5.4.4.1 Rest of MEA: Secondary Battery Market, by Technology

    9.5.4.4.2 Rest of MEA: Secondary Battery Market, by Application

    9.6 SAM: Secondary Battery Market

    9.6.1 SAM: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.2 SAM: Secondary Battery Market, by Technology

    9.6.3 SAM: Secondary Battery Market, by Application

    9.6.4 SAM: Secondary Battery Market, by Key Country

    9.6.4.1 Brazil: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.4.1.1 Brazil: Secondary Battery Market, by Technology

    9.6.4.1.2 Brazil: Secondary Battery Market, by Application

    9.6.4.2 Argentina: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.4.2.1 Argentina: Secondary Battery Market, by Technology

    9.6.4.2.2 Argentina: Secondary Battery Market, by Application

    9.6.4.3 Rest of SAM: Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    9.6.4.3.1 Rest of SAM: Secondary Battery Market, by Technology

    9.6.4.3.2 Rest of SAM: Secondary Battery Market, by Application

    10. Impact of COVID-19 Pandemic on Secondary Battery Market

    10.1 North America: Impact assessment of COVID-19 Pandemic

    10.2 Europe: Impact assessment of COVID-19 Pandemic

    10.3 Asia-Pacific: Impact assessment of COVID-19 Pandemic

    10.4 Middle East and Africa: Impact assessment of COVID-19 Pandemic

    10.5 South America: Impact Assessment of COVID-19 Pandemic

    11. Company Profiles

    11.1 Amperex Technology Limited

    11.1.1 Key Facts

    11.1.2 Business Description

    11.1.3 Products and Services

    11.1.4 Financial Overview

    11.1.5 SWOT Analysis

    11.1.6 Key Developments

    11.2 BYD Company Ltd

    11.2.1 Key Facts

    11.2.2 Business Description

    11.2.3 Products and Services

    11.2.4 Financial Overview

    11.2.5 SWOT Analysis

    11.2.6 Key Developments

    11.3 Duracell Inc

    11.3.1 Key Facts

    11.3.2 Business Description

    11.3.3 Products and Services

    11.3.4 Financial Overview

    11.3.5 SWOT Analysis

    11.3.6 Key Developments

    11.4 EnerSys

    11.4.1 Key Facts

    11.4.2 Business Description

    11.4.3 Products and Services

    11.4.4 Financial Overview

    11.4.5 SWOT Analysis

    11.4.6 Key Developments

    11.5 Contemporary Amperex Technology Co. Limited

    11.5.1 Key Facts

    11.5.2 Business Description

    11.5.3 Products and Services

    11.5.4 Financial Overview

    11.5.5 SWOT Analysis

    11.5.6 Key Developments

    11.6 Panasonic Corporation

    11.6.1 Key Facts

    11.6.2 Business Description

    11.6.3 Products and Services

    11.6.4 Financial Overview

    11.6.5 SWOT Analysis

    11.6.6 Key Developments

    11.7 Saft Groupe SA

    11.7.1 Key Facts

    11.7.2 Business Description

    11.7.3 Products and Services

    11.7.4 Financial Overview

    11.7.5 SWOT Analysis

    11.7.6 Key Developments

    11.8 Samsung SDI Co., Ltd.

    11.8.1 Key Facts

    11.8.2 Business Description

    11.8.3 Products and Services

    11.8.4 Financial Overview

    11.8.5 SWOT Analysis

    11.8.6 Key Developments

    11.9 GS Yuasa International Ltd.

    11.9.1 Key Facts

    11.9.2 Business Description

    11.9.3 Products and Services

    11.9.4 Financial Overview

    11.9.5 SWOT Analysis

    11.9.6 Key Developments

    11.10 LG Chem

    11.10.1 Key Facts

    11.10.2 Business Description

    11.10.3 Products and Services

    11.10.4 Financial Overview

    11.10.5 SWOT Analysis

    11.10.6 Key Developments

    12. Appendix

    12.1 About The Insight Partners

    12.2 Glossary


    LIST OF TABLES

    Table 1. Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    Table 2. North America: Secondary Battery Market, by Technology – Revenue and Forecast to 2027 (US$ Million)

    Table 3. North America: Secondary Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)

    Table 4. US: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 5. US: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 6. Canada: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 7. Canada: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 8. Mexico: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 9. Mexico: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 10. Europe: Secondary Battery Market, by Technology – Revenue and Forecast to 2027 (US$ Million)

    Table 11. Europe: Secondary Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)

    Table 12. Germany: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 13. Germany: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 14. France: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 15. France: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 16. Italy: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 17. Italy: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 18. UK: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 19. UK: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 20. Russia: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 21. Russia: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 22. Rest of Europe: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 23. Rest of Europe: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 24. APAC: Secondary Battery Market, by Technology – Revenue and Forecast to 2027 (US$ Million)

    Table 25. APAC: Secondary Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)

    Table 26. China: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 27. China: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 28. India: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 29. India: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 30. Japan: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 31. Japan: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 32. South Korea: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 33. South Korea: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 34. Australia: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 35. Australia: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 36. Rest of APAC: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 37. Rest of APAC: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 38. MEA: Secondary Battery Market, by Technology– Revenue and Forecast to 2027 (US$ Million)

    Table 39. MEA: Secondary Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)

    Table 40. South Africa: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 41. South Africa: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 42. Saudi Arabia: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 43. Saudi Arabia: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 44. UAE: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 45. UAE: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 46. Rest of MEA: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 47. Rest of MEA: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 48. SAM: Secondary Battery Market, by Technology – Revenue and Forecast to 2027 (US$ Million)

    Table 49. SAM: Secondary Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)

    Table 50. Brazil: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 51. Brazil: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 52. Argentina: Secondary Battery Market, by Technology –Revenue and Forecast to 2027 (US$ Million)

    Table 53. Argentina: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 54. Rest of SAM: Secondary Battery Market, by Technology–Revenue and Forecast to 2027 (US$ Million)

    Table 55. Rest of SAM: Secondary Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)

    Table 56. Glossary of Terms, Global xxxxx Market


    LIST OF FIGURES

    Figure 1. Secondary Battery Market Segmentation

    Figure 2. Secondary Battery Market Segmentation – By Geography

    Figure 3. Global Secondary Battery Market Overview

    Figure 4. Lead-Acid Segment to Show Remarkable Traction During Forecast Period

    Figure 5. Automotive Segment to Show Remarkable Growth During Forecast Period

    Figure 6. APAC Held Largest Share of Global Secondary Battery Market

    Figure 7. North America: PEST Analysis

    Figure 8. Europe: PEST Analysis

    Figure 9. Asia-Pacific: PEST Analysis

    Figure 10. MEA: PEST Analysis

    Figure 11. South America: PEST Analysis

    Figure 12. Ecosystem Analysis

    Figure 13. Expert Opinion

    Figure 14. Secondary Battery Market Impact Analysis of Drivers and Restraints

    Figure 15. Geographic Overview of Secondary Battery Market

    Figure 16. Secondary Battery Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 17. Secondary Battery Market Breakdown, by Technology (2019 and 2027)

    Figure 18. Lead-acid Secondary Battery Market Revenue and Forecast to 2027(US$ Million)

    Figure 19. Lithium-ion Secondary Battery Market Revenue and Forecast to 2027(US$ Million)

    Figure 20. Other Technology Market Revenue and Forecast to 2027(US$ Million)

    Figure 21. Secondary Battery Market Breakdown, By Application, 2019 & 2027 (%)

    Figure 22. Automotive Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 23. Industrial Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 24. Global Portable Batteries Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 25. Medical Device Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 26. Forklift Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 27. Others Applications Market Revenue and Forecast to 2027 (US$ Mn)

    Figure 28. Secondary Battery Market Revenue Share, By Region (2019 and 2027)

    Figure 29. North America: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 30. North America: Secondary Battery Market Revenue Share, by Technology (2019 and 2027)

    Figure 31. North America: Secondary Battery Market Revenue Share, by Application (2019 and 2027)

    Figure 32. North America: Secondary Battery Market Revenue Share, by Key Country (2019 and 2027)

    Figure 33. US: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 34. Canada: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 35. Mexico: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 36. Europe: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 37. Europe: Secondary Battery Market Revenue Share, By Technology (2019 and 2027)

    Figure 38. Europe: Secondary Battery Market Revenue Share, By Application (2019 and 2027)

    Figure 39. Europe: Secondary Battery Market Revenue Share, By Key Country (2019 and 2027)

    Figure 40. Germany: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 41. France: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 42. Italy: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 43. UK: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 44. Russia: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 45. Rest of Europe: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 46. APAC: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 47. APAC: Secondary Battery Market Revenue Share, By Technology (2019 and 2027)

    Figure 48. APAC: Secondary Battery Market Revenue Share, By Application (2019 and 2027)

    Figure 49. APAC: Secondary Battery Market Revenue Share, By Key Country (2019 and 2027)

    Figure 50. China: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 51. India: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 52. Japan: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 53. South Korea: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 54. Australia: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 55. Rest of APAC: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 56. MEA: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 57. MEA: Secondary Battery Market Revenue Share, By Technology (2019 and 2027)

    Figure 58. MEA: Secondary Battery Market Revenue Share, By Application (2019 and 2027)

    Figure 59. MEA: Secondary Battery Market Revenue Share, By Key Country (2019 and 2027)

    Figure 60. South Africa: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 61. Saudi Arabia: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 62. UAE: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 63. Rest of MEA: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 64. SAM: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 65. SAM: Secondary Battery Market Revenue Share, By Technology (2019 and 2027)

    Figure 66. SAM: Secondary Battery Market Revenue Share, By Application (2019 and 2027)

    Figure 67. SAM: Secondary Battery Market Revenue Share, By Key Country (2019 and 2027)

    Figure 68. Brazil: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 69. Argentina: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 70. Rest of SAM: Secondary Battery Market – Revenue and Forecast To 2027 (US$ Million)

    Figure 71. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 72. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 73. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 74. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

    Figure 75. Impact of COVID-19 Pandemic in South America Country Markets

    The List of Companies - Secondary Battery Market

    1. Amperex Technology Limited
    2. BYD Company Ltd
    3. Duracell Inc
    4. EnerSys
    5. Contemporary Amperex Technology Co. Limited
    6. Panasonic Corporation
    7. SaftGroupe SA
    8. Samsung SDI Co., Ltd.
    9. GS Yuasa International Ltd.
    10. LG Chem
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    • Scrutinize in-depth globalmarket trends and outlook coupled with the factors driving the market, as well as those hindering it.

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    Frequently Asked Questions

    The global battery industry is experiencing a growth in various developed and developing economies owing to its robust features, such as higher density and longer life cycle. These factors drive the growth of the battery industry in all the key regions such as North America, Europe, and APAC. Lithium-ion batteries are dominantly used secondary battery type in consumer electronics such as smartphones, iPods, laptops, and wearable devices. These rechargeable batteries are also likely to dominate the automotive, industrial, and power storage applications. At present, there is greater demand for connected and smart consumer products than conventional electronic products.
    The electric vehicle (EV) industry is expanding swiftly; it becomes a huge proportion of the global vehicle manufacturing mix. The global automotive giants are offering EV to reduce air pollution levels. As per ITRI, by 2025, EVs is expected to grow from ~10% to replace the internal combustion engine (ICE) technology completely. Governments around the world are planning to set” zero-emission vehicle” initiative to 2050. LG Chem has started the construction of an EV battery plant in Poland. It has turned this plant into an EV battery production center. This EV battery plant is the first large-scale automotive lithium-ion battery production plant established in Europe. Daimler AG has selected LG Chem as the supplier of lithium-ion batteries for Smart EV.
    The demand for commercial vehicles and passenger cars, primarily in developing nations, is increasing. In 2014, China reported the production of 24 million vehicles, and it would increase to 364 and 607 million by 2030 and 2050, respectively. Several manufacturers across the globe are involved in developing lead-acid batteries. For instance, in March 2019, GS Yuasa Corporation, a Japanese manufacturer for lead-acid automobile and motorcycle batteries, unveiled its automotive lead-acid storage battery plant in Turkey. Its plants focus on producing high-performance lead-acid storage batteries for environmentally friendly vehicles.

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