The Global Secondary Batteries Market Report by The Business Research Company covers secondary batteries market drivers and restraints, secondary batteries market size, major players, and the impact of COVID-19 on the secondary batteries market.
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.
Increasing demand for electric vehicles will positively impact the secondary batteries market. Secondary batteries are increasingly being used in hybrid vehicles.
The global secondary batteries market is expected to grow from $52.58 billion in 2020 to $57.61 billion in 2021 at a compound annual growth rate (CAGR) of 9.6%. The growth 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 market is expected to reach $83.24 billion in 2025 at a CAGR of 10%.
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Some secondary batteries market trends include recent developments in NiMH battery manufacturing improving the lifespan of nickel-metal hydride batteries. The electro positivity of the A-elements makes them easy to be corroded in the alkaline electrolyte used in NiMH batteries. A thin protective layer is used on alloy particles to improve reaction kinetics and corrosion stability of conventional NiMH batteries.
Global secondary batteries market segments include:
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.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Secondary Batteries Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides secondary batteries market overviews, analyzes and forecasts market size, share, secondary batteries market players, secondary batteries market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The secondary batteries market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Secondary Batteries Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: BYD Company Ltd., Samsung SDI Co. Ltd. , LG Chem Co. Ltd., Johnson Controls, Amperex Technologies Ltd., Energizer Holdings, Inc. , Panasonic Corporation, Aquion Energy, Battery Technology Inc., Beckett Energy Systems, Duracell Inc. , EaglePicher Technologies, LLC, Electrochem Automation Inc., EnerVault Corporation, E-One Moli Energy Corp., Eveready Industries India Ltd. , FDK Corporation , GPB International Limited, GS Yuasa Corporation, Highpower International Inc., Hitachi Chemical, Jiangmen TWD Technology Co., Ltd., Maxell Holdings, Ltd., Nippon Chemi-Con, Saft Groupe S.A., Spectrum Brands, Inc., VARTA Consumer Batteries GmbH & Co. KgaA, TCL Hyperpower Batteries, Inc., Tohoku Murata Manufacturing Co., Ltd., Ultralife Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The secondary batteries Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The secondary batteries Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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