What is the market size for the secondary battery?

The Market is expected to grow by $ 34486.5 bn in 2025-2029. <a href='https://www.technavio.com/report/secondary-battery-market-industry-analysis'>Read More</a>

What is the CAGR for the secondary battery?

23.2% CAGR with $ 34486.5 bn Momentum. <a href='https://www.technavio.com/report/secondary-battery-market-industry-analysis'>Read More</a>

What is the growth rate of the Secondary Battery market?

23.2% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/secondary-battery-market-industry-analysis'>Read More</a>

Which region held the largest market share in the Secondary Battery market?

APAC with 43% of the market growth. <a href='https://www.technavio.com/report/secondary-battery-market-industry-analysis'>Read More</a>

Who are the prominent players in the Secondary Battery market?

Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Brookfield Business Partners LP, BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., East Penn Manufacturing Co. Inc., EEMB, .... <a href='https://www.technavio.com/report/secondary-battery-market-industry-analysis'>Read More</a>

Secondary Battery Market Size - APAC, Europe, North America, Middle East and Africa, South America - Japan, US, China, India, UK, Germany, France, Canada, Italy, Brazil - Trends and Forecast Report 2025-2029

Published: Jan 2025
Pages: 214
SKU: IRTNTR40336

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Secondary Battery Market Size 2025-2029

The secondary battery market size is forecast to increase by USD 34,486.5 billion at a CAGR of 23.2% between 2024 and 2029.

The market is experiencing significant growth driven by the declining costs of lithium-ion batteries, making them increasingly competitive in various applications. This trend is expected to continue, with the International Energy Agency predicting that lithium-ion batteries will dominate the electric vehicle market. However, the market is not without challenges. One such challenge is the operational and environmental issues associated with lead-acid batteries, which are still widely used in industries such as telecommunications and renewable energy.
Another key trend in the market is the development of advanced lead-based secondary batteries, which offer improved performance and longer cycle life compared to traditional lead-acid batteries. These advancements are crucial for industries that require high reliability and long service life, such as telecommunications and renewable energy. However, the adoption of these advanced batteries is hindered by their higher upfront costs.
Companies seeking to capitalize on market opportunities and navigate these challenges effectively must focus on optimizing battery performance, reducing operational costs, and exploring alternative chemistries to address the limitations of current battery technologies.

What will be the Secondary Battery Market Size During the Forecast Period?

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1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation

2.3 Factors of disruption
- Overview on factors of disruption

2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market

3.2 Market characteristics
- Market characteristics analysis

3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition

4.2 Market segment analysis
- Market segments

4.3 Market size 2024

4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Secondary Battery Market 2019 - 2023
- Historic Market Size - Data Table on Global Secondary Battery Market 2019 - 2023 ($ billion)

5.2 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ billion)

5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ billion)

5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)

5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

6.1 Impact of AI in global secondary battery market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029

7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029

7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029

7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029

7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029

7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029

7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Technology

8.1 Market segments
- Chart on Technology - Market share 2024-2029 (%)
- Data Table on Technology - Market share 2024-2029 (%)

8.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology

8.3 Lead-acid - Market size and forecast 2024-2029
- Chart on Lead-acid - Market size and forecast 2024-2029 ($ billion)
- Data Table on Lead-acid - Market size and forecast 2024-2029 ($ billion)
- Chart on Lead-acid - Year-over-year growth 2024-2029 (%)
- Data Table on Lead-acid - Year-over-year growth 2024-2029 (%)

8.4 Lithium-ion - Market size and forecast 2024-2029
- Chart on Lithium-ion - Market size and forecast 2024-2029 ($ billion)
- Data Table on Lithium-ion - Market size and forecast 2024-2029 ($ billion)
- Chart on Lithium-ion - Year-over-year growth 2024-2029 (%)
- Data Table on Lithium-ion - Year-over-year growth 2024-2029 (%)

8.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)

8.6 Market opportunity by Technology
- Market opportunity by Technology ($ billion)
- Data Table on Market opportunity by Technology ($ billion)

9 Market Segmentation by Application

9.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)

9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application

9.3 Automotive batteries - Market size and forecast 2024-2029
- Chart on Automotive batteries - Market size and forecast 2024-2029 ($ billion)
- Data Table on Automotive batteries - Market size and forecast 2024-2029 ($ billion)
- Chart on Automotive batteries - Year-over-year growth 2024-2029 (%)
- Data Table on Automotive batteries - Year-over-year growth 2024-2029 (%)

9.4 Industrial batteries - Market size and forecast 2024-2029
- Chart on Industrial batteries - Market size and forecast 2024-2029 ($ billion)
- Data Table on Industrial batteries - Market size and forecast 2024-2029 ($ billion)
- Chart on Industrial batteries - Year-over-year growth 2024-2029 (%)
- Data Table on Industrial batteries - Year-over-year growth 2024-2029 (%)

9.5 Portable batteries - Market size and forecast 2024-2029
- Chart on Portable batteries - Market size and forecast 2024-2029 ($ billion)
- Data Table on Portable batteries - Market size and forecast 2024-2029 ($ billion)
- Chart on Portable batteries - Year-over-year growth 2024-2029 (%)
- Data Table on Portable batteries - Year-over-year growth 2024-2029 (%)

9.6 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)

9.7 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)

10 Customer Landscape

10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

11 Geographic Landscape

11.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)

11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

11.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)

11.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)

11.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)

11.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)

11.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)

11.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)

11.9 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)

11.10 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)

11.11 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)

11.12 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)

11.13 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)

11.14 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)

11.15 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)

11.16 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)

11.17 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)

11.18 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)

12 Drivers, Challenges, and Opportunity/Restraints

12.1 Market drivers

12.2 Market challenges

12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

12.4 Market opportunities/restraints

13 Competitive Landscape

13.1 Overview

13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

13.3 Landscape disruption
- Overview on factors of disruption

13.4 Industry risks
- Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled
- Companies covered

14.2 Company ranking index
- Company ranking index

14.3 Market positioning of companies
- Matrix on companies position and classification

14.4 Brookfield Business Partners LP
- Brookfield Business Partners LP - Overview
- Brookfield Business Partners LP - Business segments
- Brookfield Business Partners LP - Key offerings
- Brookfield Business Partners LP - Segment focus
- SWOT

14.5 BYD Co. Ltd.
- BYD Co. Ltd. - Overview
- BYD Co. Ltd. - Business segments
- BYD Co. Ltd. - Key news
- BYD Co. Ltd. - Key offerings
- BYD Co. Ltd. - Segment focus
- SWOT

14.6 East Penn Manufacturing Co. Inc.
- East Penn Manufacturing Co. Inc. - Overview
- East Penn Manufacturing Co. Inc. - Product / Service
- East Penn Manufacturing Co. Inc. - Key news
- East Penn Manufacturing Co. Inc. - Key offerings
- SWOT

14.7 EEMB
- EEMB - Overview
- EEMB - Product / Service
- EEMB - Key offerings
- SWOT

14.8 Exide Technologies
- Exide Technologies - Overview
- Exide Technologies - Product / Service
- Exide Technologies - Key news
- Exide Technologies - Key offerings
- SWOT

14.9 Furukawa Electric Co. Ltd.
- Furukawa Electric Co. Ltd. - Overview
- Furukawa Electric Co. Ltd. - Product / Service
- Furukawa Electric Co. Ltd. - Key news
- Furukawa Electric Co. Ltd. - Key offerings
- SWOT

14.10 GS Yuasa International Ltd.
- GS Yuasa International Ltd. - Overview
- GS Yuasa International Ltd. - Business segments
- GS Yuasa International Ltd. - Key news
- GS Yuasa International Ltd. - Key offerings
- GS Yuasa International Ltd. - Segment focus
- SWOT

14.11 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
- SWOT

14.12 Leoch International Technology Ltd.
- Leoch International Technology Ltd. - Overview
- Leoch International Technology Ltd. - Product / Service
- Leoch International Technology Ltd. - Key offerings
- SWOT

14.13 LG Energy Solution Ltd.
- LG Energy Solution Ltd. - Overview
- LG Energy Solution Ltd. - Product / Service
- LG Energy Solution Ltd. - Key offerings
- SWOT

14.14 Murata Manufacturing Co. Ltd.
- Murata Manufacturing Co. Ltd. - Overview
- Murata Manufacturing Co. Ltd. - Business segments
- Murata Manufacturing Co. Ltd. - Key news
- Murata Manufacturing Co. Ltd. - Key offerings
- Murata Manufacturing Co. Ltd. - Segment focus
- SWOT

14.15 Panasonic Holdings Corp.
- Panasonic Holdings Corp. - Overview
- Panasonic Holdings Corp. - Business segments
- Panasonic Holdings Corp. - Key news
- Panasonic Holdings Corp. - Key offerings
- Panasonic Holdings Corp. - Segment focus
- SWOT

14.16 Samsung Electronics Co. Ltd.
- Samsung Electronics Co. Ltd. - Overview
- Samsung Electronics Co. Ltd. - Business segments
- Samsung Electronics Co. Ltd. - Key news
- Samsung Electronics Co. Ltd. - Key offerings
- Samsung Electronics Co. Ltd. - Segment focus
- SWOT

14.17 Tesla Inc.
- Tesla Inc. - Overview
- Tesla Inc. - Business segments
- Tesla Inc. - Key news
- Tesla Inc. - Key offerings
- Tesla Inc. - Segment focus
- SWOT

14.18 TotalEnergies SE
- TotalEnergies SE - Overview
- TotalEnergies SE - Business segments
- TotalEnergies SE - Key news
- TotalEnergies SE - Key offerings
- TotalEnergies SE - Segment focus
- SWOT

15 Appendix