Press release
Secondary Batteries Market 2022 Analysis By Size, Share, Growth, Trends up to 2031 | BYD Company Ltd., Samsung SDI Co. Ltd., LG Chem Co. Ltd., Johnson Controls
'Secondary Batteries Global Market Report 2022 - Market Size, Trends, And Global Forecast 2022-2026' by The Business Research Company is the most comprehensive report available on this market, with analysis of the market's historic and forecast growth, drivers and restraints causing it, and highlights of the opportunities that companies in the industry can take on. The secondary batteries market research report helps gain a truly global perspective of the secondary batteries industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.The regions covered in the secondary batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest secondary batteries share.
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The secondary batteries market consists of sales of secondary batteries and related services that are used in portable devices, electronics, and motor vehicles. Secondary batteries are electrical batteries which can be charged, discharged and recharged multiple times. Secondary batteries include Lithium-ion, lead-acid, Nickel Metal Hydride (NiMH) based secondary batteries. Secondary batteries are highly cost-efficient in the long term and are environment friendly.
Key competitors in the secondary batteries market are BYD Company Ltd., Samsung SDI Co. Ltd., LG Chem Co. Ltd., Johnson Controls, Energizer Holdings Inc., Panasonic Corporation, Aquion Energy, Battery Technology Inc., and Beckett Energy Systems.
The global secondary batteries market size is expected to grow from $70.08 billion in 2021 to $82.03 billion in 2022 at a compound annual growth rate (CAGR) of 17.1%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The secondary battery market is expected to reach $146.61 billion in 2026 at a CAGR of 15.6%.
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TBRC's report segments the global secondary batteries market:
1) By Product Type: Lead Acid, Lithium-Ion (Li-Ion), Nickel Metal Hydride, Others
2) By Application: Electronics, Motor Vehicles, Portable Devices, Others
3) By End-User: Automotive, Household, Industrial
Read Further On The Secondary Batteries Market Here:
https://www.thebusinessresearchcompany.com/report/secondary-batteries-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Secondary Batteries Market Characteristics
3. Secondary Batteries Market Trends And Strategies
4. Impact Of COVID-19 On Secondary Batteries
5. Secondary Batteries Market Size And Growth
.....
27. Secondary Batteries Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Secondary Batteries Market
29. Secondary Batteries Market Future Outlook and Potential Analysis
30. Appendix
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