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The secondary battery market is forecasted to grow by USD 34.48 trillion during 2024-2029, accelerating at a CAGR of 23.2% during the forecast period. The report on the secondary battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by decline in lithium-ion battery costs, technological advancements in battery chemistry, and rising focus on renewable power generation.
The secondary battery market is segmented as below:
By Technology
- Lead-acid
- Lithium-ion
- Others
By Application
- Automotive batteries
- Industrial batteries
- Portable batteries
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the secondary battery market covers the following areas:
- Secondary Battery Market sizing
- Secondary Battery Market forecast
- Secondary Battery Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Technology
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global secondary battery market: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Brookfield Business Partners LP, BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., East Penn Manufacturing Co. Inc., EEMB, EnerSys, Exide Technologies, Furukawa Electric Co. Ltd., GS Yuasa International Ltd., Hitachi Ltd., Leoch International Technology Ltd., LG Energy Solution Ltd., Lithium Battery Co., Murata Manufacturing Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Shenzhen GMCELL Technology Co., Ltd., Stellantis NV, Tesla Inc., Tata AutoComp GY Batteries Pvt. Ltd, TianJin Lishen Battery Joint Stock Co. Ltd., TotalEnergies SE, Toyota Motor Corp., and U.S. Battery Manufacturing Co..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is development of advanced lead-based secondary batteries."
According to the report, one of the major drivers for this market is the decline in lithium-ion battery costs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH
- Brookfield Business Partners LP
- BYD Co. Ltd.
- Contemporary Amperex Technology Co. Ltd.
- East Penn Manufacturing Co. Inc.
- EEMB
- EnerSys
- Exide Technologies
- Furukawa Electric Co. Ltd.
- GS Yuasa International Ltd.
- Hitachi Ltd.
- Leoch International Technology Ltd.
- LG Energy Solution Ltd.
- Lithium Battery Co.
- Murata Manufacturing Co. Ltd.
- Panasonic Holdings Corp.
- Samsung Electronics Co. Ltd.
- Shenzhen GMCELL Technology Co. Ltd.
- Stellantis NV
- Tesla Inc.
- Tata AutoComp GY Batteries Pvt. Ltd
- TianJin Lishen Battery Joint Stock Co. Ltd.
- TotalEnergies SE
- Toyota Motor Corp.
- U.S. Battery Manufacturing Co.
