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

Secondary Battery Market Forecast 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 report includes historic market data from 2018-2022. The market is experiencing increasing demand for the development of advanced lead-based secondary batteries, revisions in secondary battery standards, and a rise in the number of microgrid installations. These trends indicate a shift towards more efficient and sustainable energy storage solutions, reflecting evolving standards and technological advancements in the industry. With a focus on innovation and reliability, the market anticipates continued growth opportunities driven by the adoption of advanced battery technologies and renewable energy integration.

Market Overview :

  • The lead-acid segment is the fastest-growing segment during the forecast year
  • The lead-acid segment was the largest segment and was valued at USD 30.24 billion in 2018. 
  • APAC is the most dominating region during the forecast period
  • It also includes an in-depth analysis of the technological advancements, the growing number of microgrid installations, and the operational and environmental issues. 

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Market Trends 

Growing number of microgrid installations is the primary trend shaping the market. Aging grid infrastructure and disparities in power demand and supply pose challenges to electrical grids, leading to frequent outages. Microgrids, comprising small-scale power generation units and energy storage components, offer a solution. They operate independently or in conjunction with the main grid, providing reliable power in areas with unreliable grid supply. 

Further, leveraging renewable sources like solar and wind, microgrids ensure continuous power supply, critical for commercial and industrial sectors. Governments endorse microgrid adoption for their resilience during natural disasters. As microgrid installations increase, so does the demand for battery-based energy storage systems, driving growth of the market during the forecast period.

Market Largest-Growing Segments 

The market is witnessing a dynamic landscape with diverse battery chemistries like nickel metal hybrid (NiMH) batteries and LIB (lithium-ion battery) dominating. With a focus on capacity-to-weight ratio, these batteries power various consumer electronic devices, including mobile phones, notebooks, and PCs. The demand for nickel and copper continues to rise, driving innovation in battery technologies to meet the growing energy needs of modern society.

Lead-acid Segment Analysis

Lead-acid batteries, renowned for their affordability and widespread availability, serve automotive and stationary applications due to their mature technology. Flooded lead-acid (FLA), enhanced flooded (EFB), absorbent glass mat (AGM), and lead-carbon batteries are prominent variants. FLA batteries offer the lowest cost per ampere-hour, while EFBs enhance performance with carbon additives, suitable for start/stop applications.

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Moreover, AGM batteries offer superior durability and cold-start capabilities, favored in premium vehicles. Lead-carbon batteries excel in long cycle life and are ideal for energy storage in electric grids. With the automotive industry's steady growth and increasing EV adoption, the demand for lead-acid batteries in automotive and UPS applications is set to rise, driving growth in the lead-acid segment of the market during the forecast period.

Market Regional Analysis

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APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC's market is poised for rapid growth, driven by the surge in ICE vehicles, EV adoption, and utility and motive applications' demand for ESSs. Robust economic development in countries like India, China, and Japan will bolster consumer spending, particularly in the automotive and e-commerce sectors, amplifying demand.

Furthermore, government initiatives in China and Japan prioritize EV deployment, fostering market expansion. Notably, India's USD 1.6 billion Tata Group deal signifies efforts to localize battery production, aligning with EV adoption goals. Additionally, Japan's EV and ESS popularity propels the market. Renewable energy integration further augments regional market growth, supported by governmental policies during the forecast period.

Market Dynamics and Customer Landscape

The market is experiencing a surge due to the rising demand for lithium-ion batteries driven by the rapid adoption of EVs (Electric Vehicles) and energy storage systems (ESS). With advancements in AI (Artificial Intelligence) and IoT (Internet of Things), the telecommunication sector is also fueling growth. As the focus shifts towards renewable power generation from wind, solar, hydro sources, there's a heightened need for minerals like cadmium, cobalt, copper, cyanide, iron, lead, manganese, mercury, nickel, zinc. Companies like InoBat are innovating to meet the demand while managing challenges such as lithium-ion battery prices and sourcing sustainable materials. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Drivers of the Market

Technological advancements is the key factor driving the market. Technological advancements in lithium-ion battery chemistry, such as the development of high-nickel cathodes, silicon anodes, and solid-state electrolytes, are leading to improvements in energy density, charging speed, and cycle life. These innovations are driving the adoption of lithium-ion batteries in electric vehicles, consumer electronics, and energy storage systems. Solid-state electrolytes eliminate the risk of thermal runaway and improve battery longevity, making them attractive for automotive, aerospace, and consumer electronics applications.

Additionally, innovations in electrode materials such as high-capacity silicon anodes, sulfur cathodes, and composite materials, are improving battery performance and energy density. Advanced electrode materials offer higher specific capacities, faster-charging rates, and longer cycle life compared to traditional materials, driving efficiency and cost-effectiveness in secondary battery applications. Therefore, technological advancements will boost the growth of the market during the forecast period.

Significance Challenges of Market

Operational and environmental issues are the major challenges that affect market expansion. Lead-acid batteries hold a cost gain over other battery technologies and, as a result, are desired in a number of applications. However, they are heavier and less durable than substitute batteries such as lithium-ion or nickel batteries. The life expectancy of lead-acid batteries under continuous charge depends on multiple factors such as charging frequency, charging voltage, and depth of discharge, as high temperature reduces the life span. Additionally, the growth of the automotive and other related industries has increased the demand for lead-acid batteries, which are used as a power source.

However, they contain high levels of toxic lead oxide, a hazardous material that poses risks to the environment and human health. Therefore, the increased production has resulted in the emission of lead, often mixed with discharged fumes from manufacturing plants, causing air pollution and health issues. Thus, the disadvantages of lead-acid batteries will restrict their demand across the globe. This, in turn, will hamper the growth of the market during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Brookfield Business Partners LP: The company offers secondary batteries such as AGM batteries and low voltage batteries.

The market report also includes detailed analyses of the competitive landscape of the market and information about 25 market companies, including:

  • Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH
  • 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 Corp.
  • Lithium Battery Co.
  • Murata Manufacturing Co. Ltd.
  • Panasonic Holdings Corp.
  • Samsung Electronics Co. Ltd.
  • Shenzhen GMCELL Technology Co. Ltd.
  • Stellantis NV
  • Tesla Inc.
  • Tata Sons Pvt. Ltd.
  • TianJin Lishen Battery Joint Stock Co. Ltd.
  • TotalEnergies SE
  • Toyota Motor Corp.
  • U.S. Battery Manufacturing Co.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market growth and forecasting report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Technology Outlook
    • Lead-acid
    • Lithium-ion
    • Others
  • Application Outlook
    • Automotive batteries
    • Industrial batteries
    • Portable batteries
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market is witnessing significant growth driven by the rising demand for mobility aids, boats, and sweeper trucks powered by NiCD and SLI batteries. Additionally, the increasing adoption of hybrid electric vehicles (HEV) and PHEV (plug-in hybrid electric vehicles) is propelling the market forward. With a focus on ESS (energy storage systems) and UPS (uninterruptible power supply) solutions, the industry is transitioning towards ABSLTM lithium-ion (Li-ion) batteries to meet the growing demand for electric vehicles (EVs) and reduce CO2 emissions.

Additionally, the proliferation of renewables and e-mobility is driving investments in charging infrastructure and 5G towers, and 5G services to support the expanding electric car market. Golf carts, HEVs, and petrol-powered two-wheelers utilize power tools batteries to power their operations, while advancements in LIB manufacturing facilities contribute to reducing nitrogen oxides and greenhouse gas emissions, with OEMs driving the adoption of hybrid vehicles to achieve sustainable transportation goals measured in GWh.

Market Scope

Report Coverage

Details

Page number

182

Base year

2023

Historic period

2018-2022

Market forecasting period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.7%

Market Growth 2024-2028

USD 91.79 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

12.88

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

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 Corp., Lithium Battery Co., Murata Manufacturing Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Shenzhen GMCELL Technology Co. Ltd., Stellantis NV, Tesla Inc., Tata Sons Pvt. Ltd., TianJin Lishen Battery Joint Stock Co. Ltd., TotalEnergies SE, Toyota Motor Corp., and U.S. Battery Manufacturing Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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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
              • 13.5 List of abbreviations
                • Exhibit 192: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
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              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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