Secondary Battery - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Secondary Battery Market is growing at a CAGR of 13.4% during the 2018-2027. Increase in industrial and construction activities, high implementation of battery technology in the automotive industry and UPS applications, and growing adoption of EVs are the major factors propelling the market growth. However, total or partial waivers from license plate availability are hampering the market growth.
Secondary batteries also called as rechargeable batteries are a type of battery which can be recharged a lot of times, not like the primary batteries. Even though secondary batteries initially price more than the primary dischargeable batteries, on a long run the total cost of the ownership is much less as they can be recharged cheaply for many times in their life time.
Based on the technology, the Lead-acid Battery segment is likely to have a huge demand due to rising in comparison to other battery technologies because they offer several advantages such as longer power-holding capacity, superior current density, and longer shelf life. Reduction in the manufacturing cost of lithium-ion batteries and battery packs improvements in the scale of production and manufacturing efficiency.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to increasing adoption of both ICE vehicles and EVs and a raise in the demand for ESSs in usefulness and motive applications will significantly influence secondary battery market growth in this region.
Some of the key players profiled in the Secondary Battery Market include Amperex Technologies Ltd, BYD Co. Ltd, LG Chem Ltd, Panasonic Corporation, Samsung SDI Co. Ltd, SAFT GROUPE SA, Tianjin Lishen Battery Company Limited, and Hitachi Chemical Co. Ltd., A123 Systems, LLC, Exide Technologies and Johnson Controls.
• Lead-acid Battery
• Lithium-ion Battery
• Other Technologies
• Automotive Batteries
• Industrial Batteries
• Portable Batteries
• Medical Device
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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