Secondary Battery Market Attracting Major Players and Investors Globally | Samsung SDI Co. Ltd, Johnson Controls International plc, Saft Groupe S.A., BYD Co. Ltd

Market Size and Growth

As per DataM Intelligence Experts Research Report The Global Secondary Battery Market is expected to grow at a high CAGR of 8.5% during the forecasting period (2023-2030).

Secondary Battery Market report, published by DataM Intelligence has released its latest in-depth analysis on the global Secondary Battery Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

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Secondary Battery refers to a rechargeable energy storage device that can be used, discharged, and recharged multiple times. Unlike primary batteries, which are single-use, secondary batteries such as lithium-ion, nickel-metal hydride, and lead-acid are widely used in electronics, electric vehicles, renewable energy systems, and backup power applications. Their ability to store and deliver energy efficiently makes them essential for advancing sustainable energy and mobility solutions.

Key Players:

Samsung SDI Co. Ltd, Johnson Controls International plc, Saft Groupe S.A., BYD Co. Ltd, TianJin Lishen Battery Joint-Stock CO LTD, Duracell Inc.

Key Development:

In July 2025 LG Energy Solution partnered with Redwood Materials in a battery recycling alliance to recover lithium, cobalt, and nickel from end-of-life cells for reuse in new batteries.

In July 2025 BYD began operations at its new 20 GWh battery gigafactory in Thailand, aimed at serving Southeast Asia's growing electric mobility sector.

In June 2025 QuantumScape completed pilot-scale production of its solid-state lithium-metal batteries, achieving a 30% improvement in energy density and cycling stability compared to traditional lithium-ion cells.

Growth Forecast Projected:

The Global Secondary Battery Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Secondary Battery Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Applications: Industrial Batteries, Portable Batteries, Automotive Batteries, Others (SLI Batteries, Power Tool Batteries).

By Technology: Lead-acid Battery, Lithium-ion Battery, Others (NiCD, NiMH, Magnesium-ion).

Regional Analysis for Secondary Battery Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Secondary Battery producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Secondary Battery revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

Q: What is the growth rate of the Secondary Battery Market?

A: The market is projected to expand at a compound annual growth rate CAGR of 8.5% during the forecast period from 2024 to 2031.

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This release was published on openPR.