Secondary Battery Market Overview:
IMARC Group’s latest research report, titled “Secondary Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. 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 CAGR of 10.30% during 2022-2027.
Secondary batteries are the accumulators or rechargeable batteries that store chemical energy and convert it to electrical energy depending on the requirements. They are economical and offer high power density, reasonable discharge rates, low-temperature performance, etc. As a result, secondary batteries are used to power electronic devices, cellular phones, hybrid electric vehicles (HEVs), etc. At present, various manufacturers are developing novel secondary batteries, such as flow cell batteries that allow large-scale energy storage using wide basins at low prices.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, application, industry vertical and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Secondary Battery Market
- Strategies of major players and product offerings
The inflating sales of portable electronic devices, including mobiles, speakers, laptops, etc., are among the primary factors driving the secondary battery market. In addition to this, the emerging trend of electric vehicles (EVs), on account of the widespread awareness among individuals towards the high levels of greenhouse gas (GHG) emissions associated with conventional fuel automobiles, is further catalyzing the market growth. In line with this, the increasing investments in renewable energy by government bodies and the rising need for efficient energy storage devices with low maintenance costs are also augmenting the global market. Moreover, the growing energy consumption across countries and the expanding instances of power supply interruptions are propelling the product demand as power backup options. Besides this, the escalating need for ultra-fast charging solutions and the elevating product adoption in medical, aviation, and industrial applications are projected to bolster the secondary battery market in the coming years.
Key Players Included in Global Research Report:
- Amperex Technology Limited (TDK Corporation)
- Byd Company Limited
- Duracell Inc. (Berkshire Hathaway Inc.)
- Energizer Holdings Inc.
- LG Chem Ltd.
- Panasonic Corporation
- Saft (TotalEnergies SE)
- Samsung SDI Co. Ltd.
- Showa Denko K. K.
- Sony Group Corporation
- Tianjin Lishen Battery Joint-Stock Co. Ltd.
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Breakup by Type:
- Lead Acid
- Lithium-Ion (Li-ion)
- Nickel Metal Hydride
Breakup by Application:
- Motor Vehicles
- Industrial Batteries
- Portables Devices
The Breakup by Industry Vertical:
- Chemical and Petrochemical
- Oil and Gas
- Energy and Power
Breakup by Region:
- 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
TOC for the Secondary Battery Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Secondary Battery Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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