Secondary Battery Market Growth, Size, Competition and Forecast 2022-2032

Secondary Battery Market Size- By Technology, By Type, By Application, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Secondary Battery Market Size- By Technology, By Type, By Application, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Published: Nov 2022 Report ID: POAE2204 Pages: 1 - 229 Formats*:     
Category : Power & Energy
Global Secondary Battery Market Overview:

According to SPER Market Research, the Global Secondary Battery Market is estimated to reach USD 289.96 billion by 2032 with a CAGR of 10.4%. 

Secondary batteries may be charged and discharged. They are often referred to as storage batteries or charge accumulators. The cell processes in this cell—or combination of cells—are reversible. By introducing current into the cell, or by charging it from an external source, the cell's original chemical conditions can be restored. Nickel Metal Hydride, Lithium, and Lead Acid batteries make up secondary batteries (NIMH). These parts of the secondary battery are both environmentally benign and incredibly cost-effective in the long term. The selling of secondary batteries and related services that are used in motor vehicles, electronics, portable devices, and emergency lighting sources is a part of the secondary battery market.



Impact of COVID-19 on the Global Secondary Battery Market  
Many sectors have been badly impacted by the corona virus epidemic. Both the production process and the availability of raw materials have been halted as a result. The secondary battery market is likewise being impacted by all of these issues. Additionally, the market is significantly influenced by the electric car industry, although even the automobile industry has been constrained by the pandemic's reduction in disposable income.



Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Technology, By Type, By Application, By Industry Vertical
 Regions coveredNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Companies CoveredAC Delco, Advanced Battery Technologies Inc., Amperex Technologies Ltd., Aquion Energy, Battery Technology Inc., Beckett Energy Systems, BYD Company Ltd., Delphi, DESAY, East Penn Manufacturing, Energizer Holdings Inc., Enersys, Exide Technologies, GS Yuasa, Johnson Controls, LG Chem Co. Ltd., Panasonic Corporation, PowerGenix, Rivolt Technologies, Samsung SDI Co. Ltd., Xupai Power Co. Ltd.
Global Secondary Battery Market Segmentation:

By Technology: Based on the Technology, Global Secondary Battery Market is segmented as; Lead-acid Secondary Battery, Lithium-ion Secondary Battery, Other Technologies.

By Type: Based on the Type, Global Secondary Battery Market is segmented as; Lead Acid, Lithium-ion (Li-ion), Nickle Metal Hydride, Others.

By Application: Based on the Application, Global Secondary Battery Market is segmented as; Electronics, Industrial Batteries, Motor Vehicles, Portable Devices, Others.

By Industrial Vertical:
 Based on the Industrial Vertical, Global Secondary Battery Market is segmented as; Automotive, Chemical & Petrochemical, Energy & Power, Oil & Gas, Others.

By Region: China and India are anticipated to be major investment hotspots for secondary battery companies in the coming years due to policy-level support from the governments for both renewables and EVs and a growing middle-class population creating demand for consumer electronics. The Asia-Pacific region has multiple growing economies with significant natural and human resources. India has seen a rise in domestic battery production as a result of the government's emphasis on e-mobility. The Indian government wants to have 30% of its vehicles be electric.

1. Introduction
1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Global Secondary Battery Market 

5. Market variables and outlook
5.1. SWOT analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3. PORTER’S five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Global Secondary Battery Market, By Technology, 2019-2032 (USD Million)
6.1. Lead-acid Secondary Battery
6.2. Lithium-ion Secondary Battery
6.3. Other Technologies

7. Global Secondary Battery Market, By Type, 2019-2032 (USD Million)
7.1. Lead Acid
7.2. Lithium-ion (Li-ion)
7.3. Nickle Metal Hydride
7.4. Others

8. Global Secondary Battery Market, By Application, 2019-2032 (USD Million)
8.1. Electronics 
8.2. Industrial Batteries
8.3. Motor Vehicles
8.4. Portable Devices
8.5. Others

9. Global Secondary Battery Market, By Industry Vertical, 2019-2032 (USD Million)
9.1. Automotive
9.2. Chemical & Petrochemical
9.3. Energy & Power
9.4. Oil & Gas
9.5. Others 

10. Global Secondary Battery Market, By Region, 2019-2032 (USD Million)
10.1 North America
10.1.1 United States
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 United Kingdom
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Rest of South America
10.5 Middle East & Africa
10.5.1 Kingdom of Saudi Arabia 
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa

11. Company Profiles
11.1 AC Delco
11.1.1 Company details 
11.1.2 Financial outlook
11.1.3 Product summary 
11.1.4 Recent developments

11.2 Advanced Battery Technologies Inc.
11.2.1 Company details 
11.2.2 Financial outlook
11.2.3 Product summary 
11.2.4 Recent developments

11.3 Amperex Technologies Ltd.
11.3.1 Company details 
11.3.2 Financial outlook
11.3.3 Product summary 
11.3.4 Recent developments

11.4 Aquion Energy
11.4.1 Company details 
11.4.2 Financial outlook
11.4.3 Product summary 
11.4.4 Recent developments

11.5 Battery Technology Inc.
11.5.1 Company details 
11.5.2 Financial outlook
11.5.3 Product summary 
11.5.4 Recent developments

11.6 Beckett Energy Systems
11.6.1 Company details 
11.6.2 Financial outlook
11.6.3 Product summary 
11.6.4 Recent developments

11.7 BYD Company Ltd.
11.7.1 Company details 
11.7.2 Financial outlook
11.7.3 Product summary 
11.7.4 Recent developments

11.8 Delphi
11.8.1 Company details 
11.8.2 Financial outlook
11.8.3 Product summary 
11.8.4 Recent developments

11.9 DESAY
11.9.1 Company details 
11.9.2 Financial outlook
11.9.3 Product summary 
11.9.4 Recent developments

11.10 East Penn Manufacturing
11.10.1 Company details 
11.10.2 Financial outlook
11.10.3 Product summary 
11.10.4 Recent developments

11.11 Energizer Holdings Inc.
11.11.1 Company details 
11.11.2 Financial outlook
11.11.3 Product summary 
11.11.4 Recent developments

11.12 Enersys
11.12.1 Company details 
11.12.2 Financial outlook
11.12.3 Product summary 
11.12.4 Recent developments

11.13 Exide Technologies
11.13.1 Company details 
11.13.2 Financial outlook
11.13.3 Product summary 
11.13.4 Recent developments

11.14 GS Yuasa
11.14.1 Company details 
11.14.2 Financial outlook
11.14.3 Product summary 
11.14.4 Recent developments

11.15 Johnson Controls
11.15.1 Company details 
11.15.2 Financial outlook
11.15.3 Product summary 
11.15.4 Recent developments

11.16 LG Chem Co. Ltd.
11.16.1 Company details 
11.16.2 Financial outlook
11.16.3 Product summary 
11.16.4 Recent developments

11.17 Panasonic Corporation
11.17.1 Company details 
11.17.2 Financial outlook
11.17.3 Product summary 
11.17.4 Recent developments

11.18 PowerGenix
11.18.1 Company details 
11.18.2 Financial outlook
11.18.3 Product summary 
11.18.4 Recent developments

11.19 Rivolt Technologies
11.19.1 Company details 
11.19.2 Financial outlook
11.19.3 Product summary 
11.19.4 Recent developments

11.20 Samsung SDI Co. Ltd.
11.20.1 Company details 
11.20.2 Financial outlook
11.20.3 Product summary 
11.20.4 Recent developments

11.21 Xupai Power Co. Ltd.
11.21.1 Company details 
11.21.2 Financial outlook
11.21.3 Product summary 
11.21.4 Recent developments

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
The Secondary Battery Market is projected to reach USD 289.96 billion by 2032, growing at a CAGR of 10.4% during the forecast period.
The Secondary Battery Market grew in market size from 2021. The Market is expected to reach USD 289.96 billion by 2032, at a CAGR of 10.4% during the forecast period.
The Secondary Battery Market CAGR of 10.4% during the forecast period.
You can get the sample pages by clicking the link -Click Here
The Secondary Battery Market size is USD 289.96 billion from 2022 to 2032.
The Secondary Battery Market segment is Covered By Technology, By Type, By Application, By Industry Vertical.
The North America region is anticipated to have the highest market share in the Secondary Battery Market.
The secondary battery market includes the sale of secondary batteries and related services used in motor vehicles, electronics, portable devices, and emergency lighting sources.
The key players in the market include Companies Covered AC Delco, Advanced Battery Technologies Inc., Amperex Technologies Ltd., Aquion Energy, Battery Technology Inc., Beckett Energy Systems, BYD Company Ltd., Delphi, DESAY, East Penn Manufacturing, Energizer Holdings Inc., Enersys, Exide Technologies, GS Yuasa, Johnson Controls, LG Chem Co. Ltd., Panasonic Corporation, PowerGenix, Rivolt Technologies, Samsung SDI Co. Ltd., Xupai Power Co. Ltd.
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