[Research Report] 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
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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)
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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.
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Secondary Battery Market: Strategic Insights
Market Size Value in US$ 52,884.4 Million in 2019 Market Size Value by US$ 85,395.2 Million by 2027 Growth rate CAGR of 8.5% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Secondary Battery Market: Strategic Insights
| Market Size Value in | US$ 52,884.4 Million in 2019 |
| Market Size Value by | US$ 85,395.2 Million by 2027 |
| Growth rate | CAGR of 8.5% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
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 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.
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
- Amperex Technology Limited
- BYD Company Ltd
- Duracell Inc
- EnerSys
- Contemporary Amperex Technology Co. Limited
- Panasonic Corporation
- SaftGroupe SA
- Samsung SDI Co., Ltd.
- GS Yuasa International Ltd.
- LG Chem
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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