Product Code: TIPRE00014996
The global secondary battery market was valued at US$ 52,884.4 million in 2019 and is projected to reach US$ 85,395.2 million by 2027; it is expected to grow at a CAGR of 8.5% during 2020-2027.
The growing use of secondary batteries in the consumer electronics, rising inclination toward electric vehicles (EVs), and energy storage solutions are the key factors boosting the research on secondary batteries. These batteries confer higher energy-efficiency and extended battery. Presently, computer electronics, smartphones, tablets, and other consumer electronic devices are powered by secondary batteries, especially lithium-ion batteries. Advanced energy storage technologies are playing pivotal role in the decarbonization of modern economies. Over the last few years, these technologies have been instrumental in the evolution of the energy, automotive, and electronics industries. Irrespective of the existence of technologies such as pump-hydro, compressed air, and flywheels, secondary battery technologies have provided the energy and power solutions to meet the technical demands of these sectors.
In the automobile industry, various passenger cars and commercial vehicles are in the development phase. The availability of advanced secondary battery technologies has encouraged automotive OEMs to adopt lead-acid and lithium-ion batteries. Various developing countries in APAC and South America, such as India, China, and Brazil, play a crucial role in the growth of the automotive industry. Also, APAC is home to factories of several automotive players, whereas various APAC companies are proceeding with battery production projects in Europe. For instance, Terra E Holding (Germany), LG Chem (Poland), Northvolt (Sweden), and SK Innovation (Hungary) have announced their respective lithium battery projects with battery cell production requiring lithium supply.
The in-mold electronics market is segmented on the basis of ink technology, application, and geography. Based on technology, the market is segmented into lead-acid, lithium-ion, and others. In 2019, the lead-acid segment held the largest share of the market. Based on application, the secondary battery market is segmented into Automotive, Industrial, Portable, Medical Devices, Forklift, Others. Industrial is expected to be the fastest-growing segment in the market during the forecast period. Based on region, the in-mold electronics market is segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). In 2019, Asia Pacific held the largest market share, followed by Europe and North America. On the other hand, Middle East is projected to be the fastest-growing market with a CAGR of 10.9% from 2020 to 2027. Despite the positive growth outlook, the ongoing COVID-19 outbreak, which is hindering the global economy negatively, is affecting the secondary battery business activities and company revenues worldwide.
In APAC, China is the largest producer of passenger cars. It has ventured and established itself as one of the world's largest EV manufacturing hubs to address the alarming pollution increase rate. According to the International Council on Clean Transportation (ICCT), in 2017, electric car sales reached ~500,000 in the country, accounting for 50% of the global sales, and more than twice the sales in the US. Further, the presence of robust consumer electronics industries in APAC is anticipated to fuel the secondary battery market growth. The expansion of wireless broadband networks and rising number of communications towers are leading to massive growth in internet traffic, and the growth in data centers is driving demand for UPS. Hospitals, corporate offices, research institutions, educational institutes, and residential applications are also contributing to mounting demand for UPS in the region. The growing industrial automation and increasing vehicle charging infrastructure deployment is also projected to need greater energy backup systems in APAC in the coming years. All the above-mentioned factors are positively impacting the growth of the secondary battery market in the region.
Overall size of the in-mold electronics market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the in-mold electronics market with respect to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultant such as valuation experts, research analysts, and key opinion leaders, specializing in the in-mold electronics market. Amperex Technologies Ltd, BYD Co. Ltd, Contemporary Amperex Technology Co. Limited, Duracell Inc., Enersys, GS Yuasa Corporation, LG Chem Ltd, Panasonic Corporation, Saft Groupe S.A, and Samsung SDI Co. Ltd are among the key players profiled during this market study.
Reasons to Buy:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global secondary battery market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global secondary battery market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Secondary Battery Market Landscape
- 4.1 Market Overview
- 4.1.1 North America
- 4.1.2 Europe
- 4.1.3 APAC
- 4.1.4 MEA
- 4.1.5 SAM
- 4.2 Ecosystem Analysis
- 4.3 Expert Opinion
5. Secondary Battery -Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Adoption of Secondary Battery in Consumer Electronics Industry
- 5.1.2 Increasing Demand for Secondary Battery in Energy Storage Technology
- 5.2 Market Restraints
- 5.2.1 Overheating of Lithium-Ion Battery
- 5.3 Market Opportunities
- 5.3.1 Surge in Demand for EVs
- 5.4 Future Trends
- 5.4.1 Industrial Applications of Lithium-Ion Technologies
- 5.5 Impact Analysis of Drivers and Restraints
6. Secondary Battery Market - Global Analysis
- 6.1 Global Secondary Battery Market Overview
- 6.2 Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 6.3 Market Positioning - Top Five Players
7. Secondary Battery Market Analysis - By Technology
- 7.1 Overview
- 7.2 Secondary Battery Market Breakdown, by Technology, 2019 & 2027
- 7.3 Lead-Acid Secondary Battery
- 7.3.1 Overview
- 7.3.2 Lead-acid Secondary Battery Market Revenue and Forecast to 2027 (US$ Million)
- 7.4 Lithium-ion Secondary Battery
- 7.4.1 Overview
- 7.4.2 Lithium-ion Secondary Battery Market Revenue and Forecast to 2027 (US$ Million)
- 7.5 Other Technologies
- 7.5.1 Overview
- 7.5.2 Other Technology Market Revenue and Forecast to 2027 (US$ Million)
8. Secondary Battery Market Revenue and Forecast to 2027 - Application
- 8.1 Overview
- 8.2 Secondary Battery Market Breakdown, By Application, 2019 & 2027
- 8.3 Automotive
- 8.3.1 Overview
- 8.3.2 Automotive Market Forecast and Analysis
- 8.4 Industrial
- 8.4.1 Overview
- 8.4.2 Industrial Market Forecast and Analysis
- 8.5 Portable Batteries
- 8.5.1 Overview
- 8.5.2 Portable Batteries Market Forecast and Analysis
- 8.6 Medical Device
- 8.6.1 Overview
- 8.6.2 Medical Device Market Forecast and Analysis
- 8.7 Forklift
- 8.7.1 Overview
- 8.7.2 Forklift Market Forecast and Analysis
- 8.8 Others Applications
- 8.8.1 Overview
- 8.8.2 Others Applications Market Forecast and Analysis
9. Secondary Battery Market - Geographic Analysis
- 9.1 Overview
- 9.2 North America: Secondary Battery Market
- 9.2.1 North America: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.2.2 North America: Secondary Battery Market, by Technology
- 9.2.3 North America: Secondary Battery Market, by Application
- 9.2.4 North America: Secondary Battery Market, by Key Country
- 9.2.4.1 US: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.2.4.1.1 US: Secondary Battery Market, by Technology
- 9.2.4.1.2 US: Secondary Battery Market, by Application
- 9.2.4.2 Canada: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.2.4.2.1 Canada: Secondary Battery Market, by Technology
- 9.2.4.2.2 Canada: Secondary Battery Market, by Application
- 9.2.4.3 Mexico: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.2.4.3.1 Mexico: Secondary Battery Market, by Technology
- 9.2.4.3.2 Mexico: Secondary Battery Market, by Application
- 9.3 Europe: Secondary Battery Market
- 9.3.1 Europe: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.3.2 Europe: Secondary Battery Market, by Technology
- 9.3.3 Europe: Secondary Battery Market, by Application
- 9.3.4 Europe: Secondary Battery Market, by Key Country
- 9.3.4.1 Germany: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.3.4.1.1 Germany: Secondary Battery Market, by Technology
- 9.3.4.1.2 Germany: Secondary Battery Market, by Application
- 9.3.4.2 France: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.3.4.2.1 France: Secondary Battery Market, by Technology
- 9.3.4.2.2 France: Secondary Battery Market, by Application
- 9.3.4.3 Italy: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.3.4.3.1 Italy: Secondary Battery Market, by Technology
- 9.3.4.3.2 Italy: Secondary Battery Market, by Application
- 9.3.4.4 UK: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.3.4.4.1 UK: Secondary Battery Market, by Technology
- 9.3.4.4.2 UK: Secondary Battery Market, by Application
- 9.3.4.5 Russia: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.3.4.5.1 Russia: Secondary Battery Market, by Technology
- 9.3.4.5.2 Russia: Secondary Battery Market, by Application
- 9.3.4.6 Rest of Europe: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.3.4.6.1 Rest of Europe: Secondary Battery Market, by Technology
- 9.3.4.6.2 Rest of Europe: Secondary Battery Market, by Application
- 9.4 APAC: Secondary Battery Market
- 9.4.1 APAC: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.4.2 APAC: Secondary Battery Market, by Technology
- 9.4.3 APAC: Secondary Battery Market, by Application
- 9.4.4 APAC: Secondary Battery Market, by Key Country
- 9.4.4.1 China: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.4.4.1.1 China: Secondary Battery Market, by Technology
- 9.4.4.1.2 China: Secondary Battery Market, by Application
- 9.4.4.2 India: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.4.4.2.1 India: Secondary Battery Market, by Technology
- 9.4.4.2.2 India: Secondary Battery Market, by Application
- 9.4.4.3 Japan: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.4.4.3.1 Japan: Secondary Battery Market, by Technology
- 9.4.4.3.2 Japan: Secondary Battery Market, by Application
- 9.4.4.4 South Korea: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.4.4.4.1 South Korea: Secondary Battery Market, by Technology
- 9.4.4.4.2 South Korea: Secondary Battery Market, by Application
- 9.4.4.5 Australia: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.4.4.5.1 Australia: Secondary Battery Market, by Technology
- 9.4.4.5.2 Australia: Secondary Battery Market, by Application
- 9.4.4.6 Rest of APAC: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.4.4.6.1 Rest of APAC: Secondary Battery Market, by Technology
- 9.4.4.6.2 Rest of APAC: Secondary Battery Market, by Application
- 9.5 MEA: Secondary Battery Market
- 9.5.1 MEA: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.5.2 MEA: Secondary Battery Market, by Technology
- 9.5.3 MEA: Secondary Battery Market, by Application
- 9.5.4 MEA: Secondary Battery Market, by Key Country
- 9.5.4.1 South Africa: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.5.4.1.1 South Africa: Secondary Battery Market, by Technology
- 9.5.4.1.2 South Africa: Secondary Battery Market, by Application
- 9.5.4.2 Saudi Arabia: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.5.4.2.1 Saudi Arabia: Secondary Battery Market, by Technology
- 9.5.4.2.2 Saudi Arabia: Secondary Battery Market, by Application
- 9.5.4.3 UAE: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.5.4.3.1 UAE: Secondary Battery Market, by Technology
- 9.5.4.3.2 UAE: Secondary Battery Market, by Application
- 9.5.4.4 Rest of MEA: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.5.4.4.1 Rest of MEA: Secondary Battery Market, by Technology
- 9.5.4.4.2 Rest of MEA: Secondary Battery Market, by Application
- 9.6 SAM: Secondary Battery Market
- 9.6.1 SAM: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.6.2 SAM: Secondary Battery Market, by Technology
- 9.6.3 SAM: Secondary Battery Market, by Application
- 9.6.4 SAM: Secondary Battery Market, by Key Country
- 9.6.4.1 Brazil: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.6.4.1.1 Brazil: Secondary Battery Market, by Technology
- 9.6.4.1.2 Brazil: Secondary Battery Market, by Application
- 9.6.4.2 Argentina: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.6.4.2.1 Argentina: Secondary Battery Market, by Technology
- 9.6.4.2.2 Argentina: Secondary Battery Market, by Application
- 9.6.4.3 Rest of SAM: Secondary Battery Market - Revenue and Forecast to 2027 (US$ Million)
- 9.6.4.3.1 Rest of SAM: Secondary Battery Market, by Technology
- 9.6.4.3.2 Rest of SAM: Secondary Battery Market, by Application
10. Impact of COVID-19 Pandemic on Secondary Battery Market
- 10.1 North America: Impact assessment of COVID-19 Pandemic
- 10.2 Europe: Impact assessment of COVID-19 Pandemic
- 10.3 Asia-Pacific: Impact assessment of COVID-19 Pandemic
- 10.4 Middle East and Africa: Impact assessment of COVID-19 Pandemic
- 10.5 South America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
- 11.1 Amperex Technology Limited
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 BYD Company Ltd
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Duracell Inc
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 EnerSys
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Contemporary Amperex Technology Co. Limited
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Panasonic Corporation
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Saft Groupe SA
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Samsung SDI Co., Ltd.
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 GS Yuasa International Ltd.
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 LG Chem
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary
比較リスト
