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Secondary Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global secondary battery market reached a value of US$ 95.47 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 174.36 Billion by 2027, exhibiting a growth rate (CAGR) of 10.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Secondary batteries are accumulators or rechargeable batteries that store chemical energy and convert it into electrical energy depending on the requirement. These batteries are economical and offer high power density, reasonable discharge rate, and low-temperature performance than primary batteries. As a result, they are used to power electronic devices, cellular phones, and hybrid electric vehicles (HEVs). At present, several manufacturers are introducing novel secondary batteries, such as a flow cell battery that allows large-scale (GWh) energy storage using wide basins at a low price.

 

 
 

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Secondary Battery Market Trends:

The boosting sales of portable electronic devices, such as mobiles, speakers, and laptops, due to the escalating internet penetration and rising purchasing capacity of consumers worldwide represent one of the key factors strengthening the growth of the market. Moreover, the emerging trend of electric vehicles (EVs) on account of the rising awareness among individuals about greenhouse gas (GHG) emissions associated with conventional automobiles is contributing to the market growth. This can also be accredited to tax incentives and subsidies offered by governments of several countries to EV manufacturers. Apart from this, increasing investments in renewable energy, the rising need for efficient energy storage devices, and low maintenance costs of secondary batteries are other significant factors driving the market. In addition to this, the growing energy consumption worldwide due to rapid urbanization and increasing instances of frequent power supply interruptions is catalyzing the demand for secondary batteries for power backup. Besides this, as secondary batteries allow ultra-fast charging with minimal stress and provide high specific energy, they are gaining widespread adoption in power tools, medical devices, aviation, and industrial applications around the world.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global secondary battery market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and industry vertical.

Breakup by Type:

  • Lead Acid
  • Lithium-Ion (Li-ion)
  • Nickel Metal Hydride
  • Others
     

Breakup by Application:

 

 
 

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  • Electronics
  • Motor Vehicles
  • Industrial Batteries
  • Portables Devices
  • Others
     

Breakup by Industry Vertical:

  • Chemical and Petrochemical
  • Oil and Gas
  • Energy and Power
  • Automotive
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amperex Technology Limited (TDK Corporation), Byd Company Limited, Duracell Inc. (Berkshire Hathaway Inc.), Energizer Holdings Inc., EnerSys, LG Chem Ltd., Panasonic Corporation, Saft (TotalEnergies SE), Samsung SDI Co. Ltd., Showa Denko K. K., Sony Group Corporation and Tianjin Lishen Battery Joint-Stock Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Application, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amperex Technology Limited (TDK Corporation), Byd Company Limited, Duracell Inc. (Berkshire Hathaway Inc.), Energizer Holdings Inc., EnerSys, LG Chem Ltd., Panasonic Corporation, Saft (TotalEnergies SE), Samsung SDI Co. Ltd., Showa Denko K. K., Sony Group Corporation and Tianjin Lishen Battery Joint-Stock Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global secondary battery market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global secondary battery market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global secondary battery market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Secondary Battery Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Lead Acid
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Lithium-Ion (Li-ion)
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Nickel Metal Hydride
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Application
    7.1    Electronics
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Motor Vehicles
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Industrial Batteries
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Portables Devices
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Industry Vertical
    8.1    Chemical and Petrochemical
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Oil and Gas
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Energy and Power
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Automotive
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Amperex Technology Limited (TDK Corporation)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Byd Company Limited
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Duracell Inc. (Berkshire Hathaway Inc.)
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Energizer Holdings Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    EnerSys
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    LG Chem Ltd.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Panasonic Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Saft (TotalEnergies SE)
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Samsung SDI Co. Ltd.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Showa Denko K. K.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Sony Group Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Tianjin Lishen Battery Joint-Stock Co. Ltd.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Secondary Battery Market: Major Drivers and Challenges
Figure 2: Global: Secondary Battery Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Secondary Battery Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Secondary Battery Market: Breakup by Type (in %), 2021
Figure 5: Global: Secondary Battery Market: Breakup by Application (in %), 2021
Figure 6: Global: Secondary Battery Market: Breakup by Industry Vertical (in %), 2021
Figure 7: Global: Secondary Battery Market: Breakup by Region (in %), 2021
Figure 8: Global: Secondary Battery (Lead Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Secondary Battery (Lead Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Secondary Battery (Lithium-Ion (Li-ion)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Secondary Battery (Lithium-Ion (Li-ion)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Secondary Battery (Nickel Metal Hydride) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Secondary Battery (Nickel Metal Hydride) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Secondary Battery (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Secondary Battery (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Secondary Battery (Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Secondary Battery (Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Secondary Battery (Motor Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Secondary Battery (Motor Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Secondary Battery (Industrial Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Secondary Battery (Industrial Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Secondary Battery (Portables Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Secondary Battery (Portables Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Secondary Battery (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Secondary Battery (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Secondary Battery (Chemical and Petrochemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Secondary Battery (Chemical and Petrochemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Secondary Battery (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Secondary Battery (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Secondary Battery (Energy and Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Secondary Battery (Energy and Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Secondary Battery (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Secondary Battery (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Secondary Battery (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Secondary Battery (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Secondary Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Secondary Battery Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Secondary Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Secondary Battery Industry: SWOT Analysis
Figure 86: Global: Secondary Battery Industry: Value Chain Analysis
Figure 87: Global: Secondary Battery Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Secondary Battery Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Secondary Battery Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Secondary Battery Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Secondary Battery Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 5: Global: Secondary Battery Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Secondary Battery Market: Competitive Structure
Table 7: Global: Secondary Battery Market: Key Players


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