Vietnam Rechargeable Battery Market Size, Share, Trends and Forecast by Battery Type, Capacity, Application, and Region, 2025-2033

Vietnam Rechargeable Battery Market Overview:

The Vietnam rechargeable battery market size reached USD 499.44 Million in 2024. The market is projected to reach USD 893.03 Million by 2033, exhibiting a growth rate (CAGR) of 6.67% during 2025-2033. The market is witnessing steady growth due to rising adoption of electric vehicles, portable electronics, and renewable energy storage solutions. Increasing government incentives for clean energy initiatives, along with advancements in lithium-ion and solid-state battery technologies, are driving demand. Moreover, the focus on energy efficiency and environmental sustainability is encouraging manufacturers to expand production and improve battery lifespan. These factors collectively continue to support Vietnam rechargeable battery market share.

Vietnam Rechargeable Battery Market Trends:

Rising Adoption of Electric Vehicles

One of the main factors propelling the rechargeable battery industry in Vietnam is the growing use of electric vehicles (EVs). The demand for high-capacity lithium-ion batteries has increased as a result of the government's emphasis on green transportation laws and incentives for EV makers and consumers. While foreign automakers are looking into joint ventures to set up assembly factories in the nation, local automakers are investing in EV production. This trend supports the growth of battery supply chains, including cathode, anode, and electrolyte components, in addition to promoting domestic production. Consumers are also being encouraged to move from conventional to electric automobiles due to growing urbanization and the demand for sustainable mobility. As EV penetration grows, research on improved energy density, faster charging cycles, and longer battery lifespan has become critical. Innovations in battery management systems and thermal regulation technologies are also being incorporated into commercial and passenger vehicles, ensuring better safety and efficiency. Collectively, these advancements and investments continue to support Vietnam rechargeable battery market growth, with a strong outlook for both consumer and commercial EV segments.

Expansion of Renewable Energy Storage

Vietnam's renewable energy industry is growing quickly due to the nation's widespread solar and wind power installations. Effective energy storage technologies are becoming more and more necessary as the supply of renewable energy rises. Especially in rural and off-grid areas, rechargeable batteries are essential for maintaining grid stability and storing excess energy. Large-scale battery energy storage systems (BESS) that use lithium-ion and new solid-state technologies are being implemented by developers more frequently. Additionally, market demand is being increased by government programs that support the use of renewable energy sources and offer financial aid for battery storage installations. Additionally, businesses are spending money on research to increase battery cycle life, lower prices, and boost charge-discharge efficiency, which will make these systems more practical for use in homes and businesses. With Vietnam targeting net-zero emissions and increased renewable energy integration, the reliance on rechargeable batteries is expected to grow exponentially. These developments are driving both domestic production capabilities and foreign investments in battery manufacturing, ensuring the market remains competitive and technologically advanced.

Technological Advancements and Consumer Electronics

The demand for rechargeable batteries in Vietnam is also being fueled by the rapid growth of consumer electronics, including smartphones, laptops, power banks, and wearable devices. Rising disposable incomes, urban lifestyles, and increased digitalization have intensified the need for long-lasting, high-performance batteries. Manufacturers are adopting advanced lithium-ion chemistries, such as lithium nickel manganese cobalt oxide (NMC) and lithium iron phosphate (LFP), to meet efficiency and safety requirements. Additionally, battery recycling technologies and environmentally friendly manufacturing practices are gaining prominence, reducing the carbon footprint of battery production and disposal. The emergence of fast-charging solutions and higher energy-density batteries is enhancing user convenience, particularly in mobile and portable electronics segments. As technology adoption accelerates, local startups and established players are expanding production facilities, investing in research, and collaborating with international partners to enhance battery quality. These trends collectively strengthen Vietnam’s position in the global battery supply chain, ensuring that innovations continue to cater to evolving consumer needs while supporting the rechargeable battery market share in diverse applications.

Vietnam Rechargeable Battery Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional level for 2025-2033. Our report has categorized the market based on battery type, capacity, and application.

Battery Type Insights:

• Lead-Acid Batteries
• Li-ion Batteries
• NiMH Batteries
• NiCd Batteries
• Others

The report has provided a detailed breakup and analysis of the market based on battery type. This includes lead-acid batteries, li-ion batteries, NiMH batteries, NiCd batteries, and others.

Capacity Insights:

• 150 - 1000 mAh
• 1300 - 2700 mAh
• 3000 - 4000 mAh
• 4000 - 6000 mAh
• 6000 - 10000 mAh
• More than 10000 mAh

A detailed breakup and analysis of the market based on capacity have also been provided in the report. This includes 150 - 1000 mAh, 1300 - 2700 mAh, 3000 - 4000 mAh, 4000 - 6000 mAh, 6000 - 10000 mAh, and more than 10000 mAh.

Application Insights:

• Consumer Electronics
• Industrial Applications
• Automobile Applications
• Defence
• Others

The report has provided a detailed breakup and analysis of the market based on application. This includes consumer electronics, industrial applications, automobile applications, defence, and others.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Rechargeable Battery Market News:

• April 2025: Toshiba launched its new SCiB module in Vietnam, featuring double heat dissipation for EV buses, electric ships, and stationary applications. The advanced lithium-ion battery extended lifespan under high power use, enhancing efficiency and reliability, positively influencing the Vietnam rechargeable battery market.

Vietnam Rechargeable Battery Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam rechargeable battery market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam rechargeable battery market on the basis of battery type?
• What is the breakup of the Vietnam rechargeable battery market on the basis of capacity?
• What is the breakup of the Vietnam rechargeable battery market on the basis of application?
• What is the breakup of the Vietnam rechargeable battery market on the basis of region?
• What are the various stages in the value chain of the Vietnam rechargeable battery market? 
• What are the key driving factors and challenges in the Vietnam rechargeable battery market?
• What is the structure of the Vietnam rechargeable battery market and who are the key players?
• What is the degree of competition in the Vietnam rechargeable battery market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam rechargeable battery market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam rechargeable battery market.
• Porter's Five Forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam rechargeable battery industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.