Press release
Secondary Battery Market Worth US$ 85,395.2 Million, Globally, by 2027 at 8.5% CAGR - Exclusive Report by The Insight Partners
Secondary Battery Market
Download PDF Sample Report Here: https://bit.ly/3RfIw0v
The increasing adoption of consumer electronics devices across the globe owing to the transition of replacing the lead-acid batteries with lithium-ion batteries to save space and rising investment in EVs are some of the key factors that are expected to fuel the demand for a secondary battery in all the key geographies over the forecast period of 2020 to 2027. Europe is also an important market for the future growth of the secondary battery market during the forecast period due to the rapidly growing number of companies investing in EVs. The region is characterized by well-developed nations such as Germany, the UK, and France, which are the key markets for the adoption and growth of secondary battery.
The secondary battery market is broadly segmented into five major regions-North America, Europe, APAC, MEA, and SAM. Presently, APAC held the largest share of the global secondary battery market owing to the rising adoption of lithium-ion batteries in consumer electronics, energy storage systems, medical & healthcare, and EVs. In 2019, the region contributed 38% revenue share to the overall secondary battery market. In terms of market share, Europe and North America held the second and third positions in 2019.
Competitive Landscape: Secondary Battery Market:
• Amp Technology Limited
• BYD Company Ltd
• Duracell Inc.
• EnerSys
• Contemporary Amp Technology Co. Limited
• Panasonic Corporation
• Saft Groupe SA
• Samsung SDI Co., Ltd.
• GS Yuasa International Ltd.
• LG Chem
In terms of growth, APAC is anticipated to be the fastest-growing region with an impressive CAGR during 2020-2027. APAC region consists of various developing economies such as China, India, and several Southeast countries. The installation of EVs and the deployment of renewable power plants in India and China is growing swiftly, and growing urbanization and consumer spending are anticipated to offer ample growth opportunities for secondary battery market players in the APAC.
Inquire before Buying Copy of Secondary Battery Market: https://bit.ly/3ctd2p2
The US is a prominent market for secondary battery especially in smartphone and internet penetration, and consumer electronic sectors. The huge increase in the number of confirmed cases and rising reported deaths in the country is affecting both manufacturing and sales of smartphones and tablets. The factory and business shutdowns across the US, Canada and Mexico are impacting the adoption of secondary battery market. North America region is home to a large number of manufacturing and technology companies and thus the impact of coronavirus outbreak is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation in the US is going to impact the secondary battery market growth of North America in a negative manner for the next few quarters.
Impact of COVID-19 Pandemic on Secondary Battery Market
North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation, presence of huge industrial base, and high purchasing power especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. Presently, the US is the world's worst affected country due to COVID-19 outbreak with more than 7,380,326 confirmed cases and more than 208,787 deaths as of October 7, 2020, WHO.
Chapter Details of Secondary Battery Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Secondary Battery Market Landscape
Part 04: Secondary Battery Market Sizing
Part 05: Secondary Battery Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Interested in Purchasing this Report? Click here @ https://bit.ly/3ReJzhk
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Secondary Battery Market Worth US$ 85,395.2 Million, Globally, by 2027 at 8.5% CAGR - Exclusive Report by The Insight Partners here
News-ID: 2718502 • Views: …
More Releases from The Insight Partners
Calcium Carbide Industry Advances with Strategic Expansions, Sustainable Innovat …
The Calcium Carbide Industry is experiencing a period of strategic evolution, driven by robust industrial demand, technological innovation, and regulatory shifts shaping production and applications across global markets. As a critical industrial chemical, calcium carbide continues to play an indispensable role in sectors such as metallurgy, chemicals, welding, and infrastructure development, with recent developments underscoring the industry's dynamic growth trajectory.
Check valuable insights in the Calcium Carbide Market report. You can…
Cytiva Pioneers Next-Generation Chromatography Resin Advancements for Biopharma …
United States of America - January 09, 2025 - According to The Insight Partners, The Chromatography Resin Market size is expected to reach US$ 4,224 million by 2031. The market is anticipated to register a CAGR of 7.3% during 2025-2031. Cytiva (Danaher Corporation) today announced breakthrough innovations in chromatography resin technology, designed to streamline purification processes for pharmaceutical and biotechnology companies worldwide. This development addresses key challenges in bioprocessing, enhancing…
Cardiopulmonary Exercise Testing Market Poised for Steady Expansion Through 2031 …
United States of America - January 09, 2025 - According to The Insight Partners, The Cardiopulmonary Exercise Testing Market is expected to register a CAGR of 7.33% from 2025 to 2031. The Cardiopulmonary Exercise Testing market continues to gain momentum as healthcare providers worldwide prioritize advanced diagnostic tools for cardiovascular and pulmonary conditions. This non-invasive testing method, often referred to as cardiopulmonary exercise testing (CPET), evaluates heart and lung performance…
Global Medical Robots Market Poised for Transformational Growth Through 2033
The Medical Robots Market continues to redefine modern healthcare delivery, driven by rapid technological advancements, expansion of minimally invasive surgical procedures, and growing adoption of autonomous support systems in clinical settings. As medical robotics technology evolves, the industry is experiencing heightened interest from hospitals, surgical centers, and healthcare innovators seeking to improve precision, reduce errors and transform patient outcomes.
Recent industry developments - including expanded robotics research units and novel product…
More Releases for Secondary
Global Secondary Surveillance Radar Market Size by Application, Type, and Geogra …
According to Market Research Intellect, the global Secondary Surveillance Radar market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The growing need for sophisticated air traffic control and surveillance systems is driving a notable expansion in the…
Secondary Battery Market Is Booming So Rapidly
The Global Secondary Battery Market size is estimated at $26.8 Billion in 2025 and is forecast to register an annual growth rate (CAGR) of 18.8% to reach $126.3 Billion by 2034. Download now
The latest study released on the Global Secondary Battery Market by USD Analytics Market evaluates market size, trend, and forecast to 2034. The Secondary Battery market study covers significant research data and proofs to be a handy resource…
Eco-Friendly Secondary Battery Recycling Technology | ABR
ABR Co., Ltd. is a technology-driven company specializing in sustainable and eco-friendly solutions for recycling secondary batteries. Their focus is on developing advanced recycling methods that efficiently recover valuable materials, such as lithium, cobalt, and nickel, from used batteries, which can then be reused in new battery production.
ABR's recycling technology aims to minimize environmental impact by reducing waste, emissions, and the need for raw material mining. The company supports a…
Secondary Myelofibrosis Therapeutics Market - Revolutionizing Treatment for Seco …
Newark, New Castle, USA: The "Secondary Myelofibrosis Therapeutics Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Secondary Myelofibrosis Therapeutics Market: https://www.growthplusreports.com/report/secondary-myelofibrosis-therapeutics-market/8885
This latest report researches the industry structure,…
Secondary Packaging Machines: The Future Of Packaging
Automatic secondary packaging machines are advanced industrial machines used to automate the secondary packaging process in various industries. Secondary packaging refers to the process of packaging individual products or primary packages into larger containers for shipping, storage, or display purposes. These machines help increase efficiency, reduce labor costs, and ensure consistent packaging quality.
Types of Secondary Packaging Machines
1. Secondary Packaging for Pouches
A secondary packaging machine for pouches is a type of…
Secondary CBSE School in Kakinada | Lakshya
Searching for best Secondary CBSE school for your child bright future, then visit Lakshya School in Kakinada
Lakshya International School, every student is given personal attention to their interests, strong areas and weak areas to know them better and to guide them towards a better tomorrow. We believe in making our students to be self-motivated, independent, confident decision makers to take up leadership roles in the future.
Education is knowledge imbued with…
