Enjoy complimentary customisation on priority with our Enterprise License!
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
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.