What is the market size for the secondary battery market?

The Market is expected to grow by $ 91.79 bn in 2024-2028. <a href='https://www.technavio.com/report/secondary-battery-market-industry-analysis'>Read More</a>

What is the CAGR for the secondary battery market?

13.7% CAGR with $ 91.79 bn Momentum. <a href='https://www.technavio.com/report/secondary-battery-market-industry-analysis'>Read More</a>

What is the growth rate of the Secondary Battery Market market?

13.7% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/secondary-battery-market-industry-analysis'>Read More</a>

Which region held the largest market share in the Secondary Battery Market market?

APAC with 45% of the market growth. <a href='https://www.technavio.com/report/secondary-battery-market-industry-analysis'>Read More</a>

Who are the prominent players in the Secondary Battery Market 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, .... <a href='https://www.technavio.com/report/secondary-battery-market-industry-analysis'>Read More</a>

Secondary Battery Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Mar 2024
Pages: 182
SKU: IRTNTR40336

Enjoy complimentary customisation on priority with our Enterprise License!

Secondary Battery Market Size 2024-2028

The secondary battery market size is forecast to increase by USD 91.79 billion at a CAGR of 13.7% between 2023 and 2028. The market is witnessing significant growth due to the decline in lithium-ion battery (LIB) costs, making them increasingly popular for use in consumer electronic devices and hybrid vehicles. LIBs offer superior capacity-to-weight ratio compared to lead-acid batteries, reducing the overall weight of vehicles and improving fuel efficiency. Moreover, the shift towards renewable energy sources and the need to reduce CO2, nitrogen oxides, and greenhouse gas emissions are driving the adoption of secondary batteries in various applications. However, operational and environmental issues associated with lead-acid batteries, such as shorter cycle life and toxicity, are expected to challenge the market growth. The development of advanced lead-based secondary batteries is a potential solution to address these challenges, offering improved performance and sustainability.

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global secondary battery market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global secondary battery market 2018 - 2022 ($ billion)

4.2 Technology Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Technology Segment 2018 - 2022 ($ billion)

4.3 Application Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Technology

6.1 Market segments
- Exhibit 30: Chart on Technology - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Technology - Market share 2023-2028 (%)

6.2 Comparison by Technology
- Exhibit 32: Chart on Comparison by Technology
- Exhibit 33: Data Table on Comparison by Technology

6.3 Lead-acid - Market size and forecast 2023-2028
- Exhibit 34: Chart on Lead-acid - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Lead-acid - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Lead-acid - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Lead-acid - Year-over-year growth 2023-2028 (%)

6.4 Lithium-ion - Market size and forecast 2023-2028
- Exhibit 38: Chart on Lithium-ion - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Lithium-ion - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Lithium-ion - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Lithium-ion - Year-over-year growth 2023-2028 (%)

6.5 Others - Market size and forecast 2023-2028
- Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by Technology
- Exhibit 46: Market opportunity by Technology ($ billion)
- Exhibit 47: Data Table on Market opportunity by Technology ($ billion)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 48: Chart on Application - Market share 2023-2028 (%)
- Exhibit 49: Data Table on Application - Market share 2023-2028 (%)

7.2 Comparison by Application
- Exhibit 50: Chart on Comparison by Application
- Exhibit 51: Data Table on Comparison by Application

7.3 Automotive batteries - Market size and forecast 2023-2028
- Exhibit 52: Chart on Automotive batteries - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Automotive batteries - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Automotive batteries - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Automotive batteries - Year-over-year growth 2023-2028 (%)

7.4 Industrial batteries - Market size and forecast 2023-2028
- Exhibit 56: Chart on Industrial batteries - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Industrial batteries - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Industrial batteries - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Industrial batteries - Year-over-year growth 2023-2028 (%)

7.5 Portable batteries - Market size and forecast 2023-2028
- Exhibit 60: Chart on Portable batteries - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Data Table on Portable batteries - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Chart on Portable batteries - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Portable batteries - Year-over-year growth 2023-2028 (%)

7.6 Others - Market size and forecast 2023-2028
- Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)

7.7 Market opportunity by Application
- Exhibit 68: Market opportunity by Application ($ billion)
- Exhibit 69: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2023-2028 (%)
- Exhibit 72: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 Europe - Market size and forecast 2023-2028
- Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.5 North America - Market size and forecast 2023-2028
- Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 China - Market size and forecast 2023-2028
- Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)

9.9 US - Market size and forecast 2023-2028
- Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)

9.10 Japan - Market size and forecast 2023-2028
- Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.11 Germany - Market size and forecast 2023-2028
- Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.12 UK - Market size and forecast 2023-2028
- Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ billion)
- Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 Brookfield Business Partners LP
- Exhibit 123: Brookfield Business Partners LP - Overview
- Exhibit 124: Brookfield Business Partners LP - Business segments
- Exhibit 125: Brookfield Business Partners LP - Key offerings
- Exhibit 126: Brookfield Business Partners LP - Segment focus

12.4 BYD Co. Ltd.
- Exhibit 127: BYD Co. Ltd. - Overview
- Exhibit 128: BYD Co. Ltd. - Business segments
- Exhibit 129: BYD Co. Ltd. - Key offerings
- Exhibit 130: BYD Co. Ltd. - Segment focus

12.5 East Penn Manufacturing Co. Inc.
- Exhibit 131: East Penn Manufacturing Co. Inc. - Overview
- Exhibit 132: East Penn Manufacturing Co. Inc. - Product / Service
- Exhibit 133: East Penn Manufacturing Co. Inc. - Key news
- Exhibit 134: East Penn Manufacturing Co. Inc. - Key offerings

12.6 EEMB
- Exhibit 135: EEMB - Overview
- Exhibit 136: EEMB - Product / Service
- Exhibit 137: EEMB - Key offerings

12.7 Exide Technologies
- Exhibit 138: Exide Technologies - Overview
- Exhibit 139: Exide Technologies - Product / Service
- Exhibit 140: Exide Technologies - Key news
- Exhibit 141: Exide Technologies - Key offerings

12.8 Furukawa Electric Co. Ltd.
- Exhibit 142: Furukawa Electric Co. Ltd. - Overview
- Exhibit 143: Furukawa Electric Co. Ltd. - Product / Service
- Exhibit 144: Furukawa Electric Co. Ltd. - Key offerings

12.9 GS Yuasa International Ltd.
- Exhibit 145: GS Yuasa International Ltd. - Overview
- Exhibit 146: GS Yuasa International Ltd. - Business segments
- Exhibit 147: GS Yuasa International Ltd. - Key offerings
- Exhibit 148: GS Yuasa International Ltd. - Segment focus

12.10 Hitachi Ltd.
- Exhibit 149: Hitachi Ltd. - Overview
- Exhibit 150: Hitachi Ltd. - Business segments
- Exhibit 151: Hitachi Ltd. - Key news
- Exhibit 152: Hitachi Ltd. - Key offerings
- Exhibit 153: Hitachi Ltd. - Segment focus

12.11 Leoch International Technology Ltd.
- Exhibit 154: Leoch International Technology Ltd. - Overview
- Exhibit 155: Leoch International Technology Ltd. - Product / Service
- Exhibit 156: Leoch International Technology Ltd. - Key offerings

12.12 LG Corp.
- Exhibit 157: LG Corp. - Overview
- Exhibit 158: LG Corp. - Business segments
- Exhibit 159: LG Corp. - Key offerings
- Exhibit 160: LG Corp. - Segment focus

12.13 Murata Manufacturing Co. Ltd.
- Exhibit 161: Murata Manufacturing Co. Ltd. - Overview
- Exhibit 162: Murata Manufacturing Co. Ltd. - Business segments
- Exhibit 163: Murata Manufacturing Co. Ltd. - Key news
- Exhibit 164: Murata Manufacturing Co. Ltd. - Key offerings
- Exhibit 165: Murata Manufacturing Co. Ltd. - Segment focus

12.14 Panasonic Holdings Corp.
- Exhibit 166: Panasonic Holdings Corp. - Overview
- Exhibit 167: Panasonic Holdings Corp. - Business segments
- Exhibit 168: Panasonic Holdings Corp. - Key news
- Exhibit 169: Panasonic Holdings Corp. - Key offerings
- Exhibit 170: Panasonic Holdings Corp. - Segment focus

12.15 Samsung Electronics Co. Ltd.
- Exhibit 171: Samsung Electronics Co. Ltd. - Overview
- Exhibit 172: Samsung Electronics Co. Ltd. - Business segments
- Exhibit 173: Samsung Electronics Co. Ltd. - Key news
- Exhibit 174: Samsung Electronics Co. Ltd. - Key offerings
- Exhibit 175: Samsung Electronics Co. Ltd. - Segment focus

12.16 Tesla Inc.
- Exhibit 176: Tesla Inc. - Overview
- Exhibit 177: Tesla Inc. - Business segments
- Exhibit 178: Tesla Inc. - Key news
- Exhibit 179: Tesla Inc. - Key offerings
- Exhibit 180: Tesla Inc. - Segment focus

12.17 TotalEnergies SE
- Exhibit 181: TotalEnergies SE - Overview
- Exhibit 182: TotalEnergies SE - Business segments
- Exhibit 183: TotalEnergies SE - Key news
- Exhibit 184: TotalEnergies SE - Key offerings
- Exhibit 185: TotalEnergies SE - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 186: Inclusions checklist
- Exhibit 187: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 188: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 189: Research methodology
- Exhibit 190: Validation techniques employed for market sizing
- Exhibit 191: Information sources