The secondary batteries market size has grown strongly in recent years. It will grow from $117.72 billion in 2025 to $127.83 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to growing demand for rechargeable electronics, early adoption of lead acid batteries in vehicles, expansion of industrial backup power systems, increased penetration of portable consumer devices, development of foundational lithium ion technologies.
The secondary batteries market size is expected to see strong growth in the next few years. It will grow to $184.24 billion in 2030 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to surge in electric vehicle battery requirements, rising demand for high energy density storage, growth in renewable energy storage installations, increasing use of batteries in smart devices, expansion of advanced chemistries like solid state batteries. Major trends in the forecast period include rising adoption of eco friendly battery manufacturing, growth in ev centric battery innovation, advancements in automated battery production, expansion of iot enabled smart battery systems, increasing use of digital battery monitoring technologies.
The rising demand for electric vehicles is expected to positively impact the secondary batteries market. Secondary batteries are increasingly utilized in hybrid vehicles, with Nickel Metal Hydride (NiMH) batteries being particularly well-suited for the automotive sector due to their wide temperature range of -30°C to +75°C and rapid charging capabilities. NiMH batteries can handle the high power levels essential for electric vehicles. For example, in April 2024, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that new electric car registrations in China reached 8.1 million in 2023, marking a 35% increase compared to 2022. Therefore, the growing demand for electric vehicles is driving the expansion of the secondary batteries market.
Leading companies in the Secondary Batteries market are concentrating on developing advanced solutions, such as sodium-ion battery technology, to improve energy density, lower costs, and enhance performance sustainability for electric vehicles and large-scale energy storage applications. Sodium-ion battery technology is an emerging form of energy storage that functions similarly to lithium-ion batteries but utilizes sodium ions (Na⁺) instead of lithium ions (Li⁺) as charge carriers. For example, in April 2025, Contemporary Amperex Technology Co., Limited (CATL), a China-based battery manufacturer, introduced the “Naxtra” sodium-ion battery brand, an innovative sodium-ion battery system planned for mass production. The Naxtra line includes a passenger EV sodium-ion battery and a 24 V heavy-duty truck start/stop sodium-ion battery. The EV model achieves approximately 175 Wh/kg energy density, retains 90% usable capacity at -40 °C, supports over 10,000 cycles, and enables a driving range of around 500 km. It is engineered to reduce reliance on lithium, offer safer thermal behavior (intrinsic safety), maintain performance in extreme temperatures (-40 °C to +70 °C), and expand EV and heavy-vehicle battery adoption in challenging environments.
In December 2023, Komatsu Ltd., a Japan-based provider of construction, mining, forestry, and industrial equipment, acquired American Battery Solutions, Inc. for an undisclosed sum. Through this acquisition, Komatsu Ltd. aimed to reinforce its position in electrifying construction and mining equipment by leveraging American Battery Solutions, Inc.’s advanced battery technologies and expertise in energy storage systems. American Battery Solutions, Inc. is a US-based provider of lithium-ion battery packs and energy storage solutions for commercial and industrial applications.
Major companies operating in the secondary batteries market are LG Chem Co. Ltd., Contemporary Amperex Technology Co., Limited, Samsung SDI Co. Ltd., TDK Corporation, Panasonic Corporation, BYD Company Ltd., Murata Manufacturing Co., Ltd., Toshiba Corporation, SK Innovation Co., Ltd., Energizer Holdings Inc., Eveready, Duracell, Nippo, Kodak, Powercell, Hitachi Maxell, Johnson Controls, EnerSys, GP Batteries, Guangdong Zhenglong Battery Industry Company Limited, Guangzhou Tiger Head Battery Group, Hefei Guoxuan Hi-Tech Power Energy Co., Ltd., Tianjin Lishen Battery Co., Ltd., AVIC Lithium Battery, Sony Corporation, ShanghAI White Elephant Swan Battery Co. Ltd., GBP International, Saft batteries, Varta Consumer Batteries, Monbat, Umicore, A123 Systems LLC, AES Group, Ultralife Corporation, Rayovac, Exide Industries Ltd, Mobisol Kenya, Associated Battery Manufacturers (E.A) Ltd, Yuasa Battery Limited, ABMkenya, Potensa.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on raw materials such as lithium, cobalt, nickel, and battery manufacturing components have elevated production costs for secondary battery manufacturers, particularly in countries dependent on imported metals across Asia Pacific and Europe. These tariffs have slowed pricing competitiveness in automotive and industrial battery segments while increasing sourcing and supply chain uncertainties. However, they have also encouraged domestic mineral processing, regional battery production expansion, and innovation in alternative chemistries that reduce reliance on tariffed materials.
The secondary batteries market research report is one of a series of new reports that provides secondary batteries market statistics, including secondary batteries industry global market size, regional shares, competitors with a secondary batteries market share, detailed secondary batteries market segments, market trends and opportunities, and any further data you may need to thrive in the secondary batteries industry. These secondary batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Secondary batteries, also known as storage batteries, are a type of electrical batteries designed for multiple cycles of charging, discharging, and recharging. These rechargeable batteries offer long-term cost efficiency and are environmentally friendly, finding applications in portable devices, electronics, and motor vehicles.
The primary product types of secondary batteries include lead-acid, lithium-ion (Li-ion), and nickel-metal hydride. The nickel-metal hydride (NiMH) battery, a prominent rechargeable variant, sees widespread use in various electronic devices such as laptop computers, mobile phones, and camcorders. The negative electrode of a NiMH battery is typically composed of a hydrogen-absorbing alloy and, in some instances, various intermetallic compounds, while the positive electrode is made using nickel-oxide hydroxide. NiMH batteries are utilized in diverse applications across electronics, motor vehicles, portable devices, and other sectors, catering to end-users in automotive, household, and industrial domains.Asia-Pacific was the largest region in the secondary batteries market in 2025. North America was the second-largest region in the global secondary batteries market share. The regions covered in the secondary batteries market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the secondary batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The secondary batteries market consists of sales of lithium nickel magnesium cobalt (LI-NMC), lithium ferro phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO), lithium manganese oxide (LMO), D-battery, C battery, A battery, AA battery, AAA battery, small-sized Ni-MH battery for consumer electronics and large-sized Ni-MH battery for HEV, motive lead-acid batteries, stationary lead-acid batteries, carbon batteries, flow batteries, glass air batteries, and other secondary batteries. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The secondary batteries market size is expected to see strong growth in the next few years. It will grow to $184.24 billion in 2030 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to surge in electric vehicle battery requirements, rising demand for high energy density storage, growth in renewable energy storage installations, increasing use of batteries in smart devices, expansion of advanced chemistries like solid state batteries. Major trends in the forecast period include rising adoption of eco friendly battery manufacturing, growth in ev centric battery innovation, advancements in automated battery production, expansion of iot enabled smart battery systems, increasing use of digital battery monitoring technologies.
The rising demand for electric vehicles is expected to positively impact the secondary batteries market. Secondary batteries are increasingly utilized in hybrid vehicles, with Nickel Metal Hydride (NiMH) batteries being particularly well-suited for the automotive sector due to their wide temperature range of -30°C to +75°C and rapid charging capabilities. NiMH batteries can handle the high power levels essential for electric vehicles. For example, in April 2024, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that new electric car registrations in China reached 8.1 million in 2023, marking a 35% increase compared to 2022. Therefore, the growing demand for electric vehicles is driving the expansion of the secondary batteries market.
Leading companies in the Secondary Batteries market are concentrating on developing advanced solutions, such as sodium-ion battery technology, to improve energy density, lower costs, and enhance performance sustainability for electric vehicles and large-scale energy storage applications. Sodium-ion battery technology is an emerging form of energy storage that functions similarly to lithium-ion batteries but utilizes sodium ions (Na⁺) instead of lithium ions (Li⁺) as charge carriers. For example, in April 2025, Contemporary Amperex Technology Co., Limited (CATL), a China-based battery manufacturer, introduced the “Naxtra” sodium-ion battery brand, an innovative sodium-ion battery system planned for mass production. The Naxtra line includes a passenger EV sodium-ion battery and a 24 V heavy-duty truck start/stop sodium-ion battery. The EV model achieves approximately 175 Wh/kg energy density, retains 90% usable capacity at -40 °C, supports over 10,000 cycles, and enables a driving range of around 500 km. It is engineered to reduce reliance on lithium, offer safer thermal behavior (intrinsic safety), maintain performance in extreme temperatures (-40 °C to +70 °C), and expand EV and heavy-vehicle battery adoption in challenging environments.
In December 2023, Komatsu Ltd., a Japan-based provider of construction, mining, forestry, and industrial equipment, acquired American Battery Solutions, Inc. for an undisclosed sum. Through this acquisition, Komatsu Ltd. aimed to reinforce its position in electrifying construction and mining equipment by leveraging American Battery Solutions, Inc.’s advanced battery technologies and expertise in energy storage systems. American Battery Solutions, Inc. is a US-based provider of lithium-ion battery packs and energy storage solutions for commercial and industrial applications.
Major companies operating in the secondary batteries market are LG Chem Co. Ltd., Contemporary Amperex Technology Co., Limited, Samsung SDI Co. Ltd., TDK Corporation, Panasonic Corporation, BYD Company Ltd., Murata Manufacturing Co., Ltd., Toshiba Corporation, SK Innovation Co., Ltd., Energizer Holdings Inc., Eveready, Duracell, Nippo, Kodak, Powercell, Hitachi Maxell, Johnson Controls, EnerSys, GP Batteries, Guangdong Zhenglong Battery Industry Company Limited, Guangzhou Tiger Head Battery Group, Hefei Guoxuan Hi-Tech Power Energy Co., Ltd., Tianjin Lishen Battery Co., Ltd., AVIC Lithium Battery, Sony Corporation, ShanghAI White Elephant Swan Battery Co. Ltd., GBP International, Saft batteries, Varta Consumer Batteries, Monbat, Umicore, A123 Systems LLC, AES Group, Ultralife Corporation, Rayovac, Exide Industries Ltd, Mobisol Kenya, Associated Battery Manufacturers (E.A) Ltd, Yuasa Battery Limited, ABMkenya, Potensa.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on raw materials such as lithium, cobalt, nickel, and battery manufacturing components have elevated production costs for secondary battery manufacturers, particularly in countries dependent on imported metals across Asia Pacific and Europe. These tariffs have slowed pricing competitiveness in automotive and industrial battery segments while increasing sourcing and supply chain uncertainties. However, they have also encouraged domestic mineral processing, regional battery production expansion, and innovation in alternative chemistries that reduce reliance on tariffed materials.
The secondary batteries market research report is one of a series of new reports that provides secondary batteries market statistics, including secondary batteries industry global market size, regional shares, competitors with a secondary batteries market share, detailed secondary batteries market segments, market trends and opportunities, and any further data you may need to thrive in the secondary batteries industry. These secondary batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Secondary batteries, also known as storage batteries, are a type of electrical batteries designed for multiple cycles of charging, discharging, and recharging. These rechargeable batteries offer long-term cost efficiency and are environmentally friendly, finding applications in portable devices, electronics, and motor vehicles.
The primary product types of secondary batteries include lead-acid, lithium-ion (Li-ion), and nickel-metal hydride. The nickel-metal hydride (NiMH) battery, a prominent rechargeable variant, sees widespread use in various electronic devices such as laptop computers, mobile phones, and camcorders. The negative electrode of a NiMH battery is typically composed of a hydrogen-absorbing alloy and, in some instances, various intermetallic compounds, while the positive electrode is made using nickel-oxide hydroxide. NiMH batteries are utilized in diverse applications across electronics, motor vehicles, portable devices, and other sectors, catering to end-users in automotive, household, and industrial domains.Asia-Pacific was the largest region in the secondary batteries market in 2025. North America was the second-largest region in the global secondary batteries market share. The regions covered in the secondary batteries market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the secondary batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The secondary batteries market consists of sales of lithium nickel magnesium cobalt (LI-NMC), lithium ferro phosphate (LFP), lithium cobalt oxide (LCO), lithium titanate oxide (LTO), lithium manganese oxide (LMO), D-battery, C battery, A battery, AA battery, AAA battery, small-sized Ni-MH battery for consumer electronics and large-sized Ni-MH battery for HEV, motive lead-acid batteries, stationary lead-acid batteries, carbon batteries, flow batteries, glass air batteries, and other secondary batteries. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Secondary Batteries Market Characteristics
3. Secondary Batteries Market Supply Chain Analysis
4. Global Secondary Batteries Market Trends and Strategies
5. Secondary Batteries Market Analysis of End Use Industries
7. Global Secondary Batteries Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Secondary Batteries Total Addressable Market (TAM) Analysis for the Market
9. Secondary Batteries Market Segmentation
10. Secondary Batteries Market Regional and Country Analysis
11. Asia-Pacific Secondary Batteries Market
12. China Secondary Batteries Market
13. India Secondary Batteries Market
14. Japan Secondary Batteries Market
15. Australia Secondary Batteries Market
16. Indonesia Secondary Batteries Market
17. South Korea Secondary Batteries Market
18. Taiwan Secondary Batteries Market
19. South East Asia Secondary Batteries Market
20. Western Europe Secondary Batteries Market
21. UK Secondary Batteries Market
22. Germany Secondary Batteries Market
23. France Secondary Batteries Market
24. Italy Secondary Batteries Market
25. Spain Secondary Batteries Market
26. Eastern Europe Secondary Batteries Market
27. Russia Secondary Batteries Market
28. North America Secondary Batteries Market
29. USA Secondary Batteries Market
30. Canada Secondary Batteries Market
31. South America Secondary Batteries Market
32. Brazil Secondary Batteries Market
33. Middle East Secondary Batteries Market
34. Africa Secondary Batteries Market
36. Secondary Batteries Market Competitive Landscape and Company Profiles
37. Secondary Batteries Market Other Major and Innovative Companies
40. Secondary Batteries Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Secondary Batteries Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses secondary batteries market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for secondary batteries? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The secondary batteries market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Scope
Markets Covered:
1) By Product Type: Lead Acid; Lithium-Ion (Li-Ion); Nickel Metal Hydride; Nickel-Cadmium (Ni-Cd); Other Product Type2) By Application: Electronics; Motor Vehicles; Portable Devices; Other Applications
3) By End User: Automotive; Household; Industrial
Subsegments:
1) By Lead Acid: Flooded Lead Acid Batteries; Absorbent Glass Mat (AGM) Batteries; Gel Lead Acid Batteries2) By Lithium-Ion (Li-Ion): Lithium Iron Phosphate (LiFePO4); Lithium Polymer (LiPo); Lithium Nickel Manganese Cobalt Oxide (NMC)
3) By Nickel Metal Hydride: High-Capacity NiMH Batteries; Rechargeable NiMH Batteries For Consumer Electronics
4) By Nickel-Cadmium (Ni-Cd): Standard Ni-Cd Batteries; Rechargeable Ni-Cd Batteries For Power Tools And Emergency Lighting
5) By Other Product Types: Sodium-Sulfur Batteries; Flow Batteries; Zinc-Air Batteries
Companies Mentioned: LG Chem Co. Ltd.; Contemporary Amperex Technology Co., Limited; Samsung SDI Co. Ltd.; TDK Corporation; Panasonic Corporation; BYD Company Ltd.; Murata Manufacturing Co., Ltd.; Toshiba Corporation; SK Innovation Co., Ltd.; Energizer Holdings Inc.; Eveready; Duracell; Nippo; Kodak; Powercell; Hitachi Maxell; Johnson Controls; EnerSys; GP Batteries; Guangdong Zhenglong Battery Industry Company Limited; Guangzhou Tiger Head Battery Group; Hefei Guoxuan Hi-Tech Power Energy Co., Ltd.; Tianjin Lishen Battery Co., Ltd.; AVIC Lithium Battery; Sony Corporation; Shanghai White Elephant Swan Battery Co. Ltd.; GBP International; Saft batteries; Varta Consumer Batteries; Monbat; Umicore; A123 Systems LLC; AES Group; Ultralife Corporation; Rayovac; Exide Industries Ltd; Mobisol Kenya; Associated Battery Manufacturers (E.A) Ltd; Yuasa Battery Limited; ABMkenya; Potensa
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Secondary Batteries market report include:- LG Chem Co. Ltd.
- Contemporary Amperex Technology Co., Limited
- Samsung SDI Co. Ltd.
- TDK Corporation
- Panasonic Corporation
- BYD Company Ltd.
- Murata Manufacturing Co., Ltd.
- Toshiba Corporation
- SK Innovation Co., Ltd.
- Energizer Holdings Inc.
- Eveready
- Duracell
- Nippo
- Kodak
- Powercell
- Hitachi Maxell
- Johnson Controls
- EnerSys
- GP Batteries
- Guangdong Zhenglong Battery Industry Company Limited
- Guangzhou Tiger Head Battery Group
- Hefei Guoxuan Hi-Tech Power Energy Co., Ltd.
- Tianjin Lishen Battery Co., Ltd.
- AVIC Lithium Battery
- Sony Corporation
- Shanghai White Elephant Swan Battery Co. Ltd.
- GBP International
- Saft batteries
- Varta Consumer Batteries
- Monbat
- Umicore
- A123 Systems LLC
- AES Group
- Ultralife Corporation
- Rayovac
- Exide Industries Ltd
- Mobisol Kenya
- Associated Battery Manufacturers (E.A) Ltd
- Yuasa Battery Limited
- ABMkenya
- Potensa
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 127.83 Billion |
| Forecasted Market Value ( USD | $ 184.24 Billion |
| Compound Annual Growth Rate | 9.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 42 |
