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Secondary Battery Market Share, Size, Outlook 2020: Evolving Technologies, Future Trends, Revenue, Price Analysis, Business Growth, Regional Analysis & Forecast till 2023

February 10, 2020 | About:

International Secondary Battery Market (2020) research report is a pro and in depth study accessible available on the market size, growth, share, trends, as well as business analysis.

Get a sample copy of the report at-https://www.marketreportsworld.com/enquiry/request-sample/12344409

Global "Secondary Battery" Market report (2020- 2023) objectives is to provide in-depth information about Secondary Battery industry with market outlook, key trends, business plans, future prospect of industry. It comprehends market new product analysis, financial overview, strategies and marketing trends. Secondary Battery market report also offers an overview of revenue, sales, product demand, and supply of data, cost, and growth analysis during the forecast year. It also studies the current market status with future trends that can affect the market growth rate and covers the major growth prospect over the forthcoming years.

Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states Secondary Battery market trend, import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions, and other regions can be added.Secondary Battery market forecast For the period of 2020-2023, this study provides the Secondary Battery sales, revenue and market share for each player covered in this report.

TopManufacturersListed inthe Secondary Battery Market Report are:

  • Amperex Technologies Ltd.
  • BYD Co. Ltd.
  • LG Chem Ltd.
  • Panasonic Corporation
  • Samsung SDI Co. Ltd.
  • SAFT GROUPE SA
  • Tianjin Lishen Battery Company Limited
  • Hitachi Chemical Co. Ltd.
  • A123 Systems
  • LLC
  • Exide Technologies
  • Johnson Controls

The global battery market is experiencing rapid growth, because of fall in battery costs and increasing applications from both the automotive and industrial sectors, powered by usage in telecom, railways, power, and other industrial applications. Secondary batteries are rechargeable batteries that are more cost-efficient over the long term, although individual batteries are more expensive.

Although OEMs prefer branded batteries, unorganized players are predominant in the replacement market. Unorganized players price batteries at about 20-25% lower costs than branded players. The unorganized battery makers cater primarily to the commercial vehicle segment, which is less quality-sensitive but cost-sensitive. The market share of the unorganized battery manufacturers is expected to reduce, with the growing awareness among users about inferior quality batteries, implementation of policies across countries, and various initiatives taken by organized battery manufacturers.

Governments across the globe aim to have 70 million electric vehicles on road by 2025 and 530 million by 2040, which is expected to increase the demand for lithium-ion batteries from 21 GWh in 2016 to 1,300 GWh by 2030, owing to their cost advantages, light weight, and ongoing improvements in lithium-ion battery technology.

Accelerating Growth in Energy Storage Systems

An expanding solar PV industry, rising electricity costs, and growing demand for electric, hybrid electric, and plug-in hybrid electric vehicles are creating a significant growth opportunity for the battery industry. Rise in the need for security of energy supply, technological development, increasing disposable incomes of customers, development of new applications for batteries, and decreasing prices of raw materials for manufacturing the latest battery products further aided the growth of the secondary battery industry.

Moreover, to meet the power demand during peak periods, utilities are expected to continue implementing energy storage solutions, of which, most of the energy is generated from renewable energy sources, during off-peak periods. Government policies are also expected to drive the adoption of advanced batteries for utility-scale energy storage applications. Evolving business models and involvement of utilities in the energy storage space are expected to further enhance the adoption of energy storage systems (ESSs) in the future. This is likely to escalate the demand for rechargeable batteries during the forecast period.

North America and Europe to Witness Significant Growth

North America and Europe accounted for a significant share in the global secondary battery market in 2016, because of increasing electric vehicle production and sales. Asia-Pacific is also expected to witness rapid growth in the secondary battery market during the forecast period, with China and India contributing to the maximum share. The Chinese government announced that the subsidies for EVs would be reduced by 20% from 2019 onwards, and allowed total or partial waivers from license plate availability restrictions, thus encouraging consumers to buy electric cars. Moreover, the government had offered financial incentives, thus making electric cars financially accessible. Such initiatives are expected to increase the number of electric vehicles on road, and driving the demand for lithium-ion batteries during the forecast period.

India One of the Most Promising Markets for EV

India, being one of the leading manufacturers of automobiles in the world, is witnessing a healthy growth in sales and production of automobiles. As per the National Institution for Transforming India i.e. NITI Aayog, the government has taken the initiative to promote the use of electric vehicles in the country, which is likely to augment the demand for automobile battery in India over the next few years. The Automotive Mission Plan 2016-2026 is one such initiative by Government of India, which aims at increasing automobile production in the country by four to five times by 2026, in comparison to 2016. Furthermore, the government has announced an ambitious plan to electrify the vehicle fleet, targeting to have all new vehicles powered by electricity, by 2030. The rapid rise in vehicle ownership is expected to result in an increasing demand for lithium-ion batteries, owing to their cost advantages, light weight, and ongoing improvements in the lithium-ion battery technology.

Key Developments in the Market

  • Jan 2018: Contemporary Amperex Technology Co Ltd (CATL) announced plans for USD 2 billion IPO in Shenzhen, to build two battery plants, including a giant 24 GWh facility, that would help to massively boost its output.
  • Nov 2019: Samsung Advanced Institute of Technology (SAIT) developed a unique battery material, graphene ball that enables a 45% increase in capacity, and five times fast-charging speeds than standard lithium-ion batteries.
  • Jul 2019: Seiko Instruments Inc.’s subsidiary company, SII Semiconductor Corporation, introduced S-8223A/B/C/D Series 2-to-3 cell secondary battery protection IC for lithium-ion rechargeable batteries.

Get a sample copy of the report at-https://www.marketreportsworld.com/enquiry/request-sample/12344409

Reasons to Purchase the Secondary Battery Market Report:

- The report analyses how the shift towards safety will drive the global Secondary Battery market.

- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.

- Study on the product type that is expected to dominate the market.

- Study on the regions that are expected to witness fastest Secondary Battery Market growth during the forecast period.

- Identify the latest developments,Secondary Battery market shares and strategies employed by the major market players.

- Analyzing what will be the Secondary Battery Market size.

Enquire beforePurchasingthis report at-https://www.marketreportsworld.com/enquiry/pre-order-enquiry/12344409

Major Points from Table of Contents:

  1. Executive Summary
    2. Research Methodology
    3. Market Overview
    3.1 Introduction
    3.2 Market Size and Demand Forecast, until 2023
    3.3 Recent Trends and Developments
    4. Market Dynamics
    4.1 Drivers
    4.2 Constraints
    4.3 Opportunities
    5. Supply Chain Analysis
    6. Porter’s Five Forces Analysis
    6.1 Bargaining Power of Suppliers
    6.2 Bargaining Power of Consumers
    6.3 Threat of New Entrants
    6.4 Threat of Substitute Products and Services
    6.5 Intensity of Rivalry
    7. Global Secondary Battery Market Analysis, by Geography
    7.1 North America
    7.1.1 Overview
    7.1.2 Major Regions
    7.1.2.1 US
    7.1.2.1.1 Overview
    7.1.2.1.2 Market Size and Demand Forecast, until 2023
    7.1.2.2 Canada
    7.1.2.2.1 Overview
    7.1.2.2.2 Market Size and Demand Forecast, until 2023
    7.1.2.3 Rest of North America
    7.1.2.3.1 Overview
    7.1.2.3.2 Market Size and Demand Forecast, until 2022
    7.2 Europe
    7.2.1 Overview
    7.2.2 Major Regions
    7.2.2.1 Germany
    7.2.2.1.1 Overview
    7.2.2.1.2 Market Size and Demand Forecast, until 2023
    7.2.2.2 France
    7.2.2.2.1 Overview
    7.2.2.2.2 Market Size and Demand Forecast, until 2023
    7.2.2.3 UK
    7.2.2.3.1 Overview
    7.2.2.3.2 Market Size and Demand Forecast, until 2023
    7.2.2.4 Rest of Europe
    7.2.2.4.1 Overview
    7.2.2.4.2 Market Size and Demand Forecast, until 2023
    7.3 Asia-Pacific
    7.3.1 Overview
    7.3.2 Major Regions
    7.3.2.1 China
    7.3.2.1.1 Overview
    7.3.2.1.2 Market Size and Demand Forecast, until 2023
    7.3.2.2 India
    7.3.2.2.1 Overview
    7.3.2.2.2 Market Size and Demand Forecast, until 2023
    7.3.2.3 Japan
    7.3.2.3.1 Overview
    7.3.2.3.2 Market Size and Demand Forecast, until 2023
    7.3.2.4 South Korea
    7.3.2.4.1 Overview
    7.3.2.4.2 Market Size and Demand Forecast, until 2023
    7.3.2.5 Australia
    7.3.2.5.1 Overview
    7.3.2.5.2 Market Size and Demand Forecast, until 2023
    7.3.2.6 Rest of Asia-Pacific
    7.3.2.5.1 Overview
    7.3.2.5.2 Market Size and Demand Forecast, until 2023
    7.4 Middle East and Africa
    7.4.1 Overview
    7.4.2 Major Regions
    7.4.2.1 South Africa
    7.4.2.1.1 Overview
    7.4.2.1.2 Market Size and Demand Forecast, until 2023
    7.4.2.2 Saudi Arabia
    7.4.2.2.1 Overview
    7.4.2.2.2 Market Size and Demand Forecast, until 2023
    7.4.2.3 Iran
    7.4.2.3.1 Overview
    7.4.2.3.2 Market Size and Demand Forecast, until 2023
    7.4.2.4 Rest of Middle East and Africa
    7.4.2.4.1 Overview
    7.4.2.4.2 Market Size and Demand Forecast, until 2023
    7.5 South America
    7.5.1 Overview
    7.5.2 Major Regions
    7.5.2.1 Brazil
    7.5.2.1.1 Overview
    7.5.2.1.2 Market Size and Demand Forecast, until 2023
    7.5.2.2 Venezuela
    7.5.2.2.1 Overview
    7.5.2.2.2 Market Size and Demand Forecast, until 2023
    7.5.2.3 Rest of South America
    7.5.2.3.1 Overview
    7.5.2.3.2 Market Size and Demand Forecast, until 2023
    8. Global Secondary Battery Market Analysis, by Type
    8.1 Overview and Introduction
    8.2 Lithium-ion
    8.2.1 Overview
    8.2.2 Market Size and Demand Forecast, until 2023
    8.3 Lead-acid
    8.3.1 Overview
    8.3.2 Market Size and Demand Forecast, until 2023
    8.4 Nickel-cadmium
    8.4.1 Overview
    8.4.2 Market Size and Demand Forecast, until 2023
    8.5 Nickel-Metal Hydride
    8.5.1 Overview
    8.5.2 Market Size and Demand Forecast, until 2023
    8.6 Others
    8.5.1 Overview
    8.5.2 Market Size and Demand Forecast, until 2023
    9. Global Secondary Battery Market Segmentation, by Application
    9.1 Electric Vehicle
    9.2 Portable
    9.3 Starting, Lighting, and Ignition
    9.4 Marine
    9.5 Medical Device
    9.6 Seismic
    9.7 Energy Storage System
    9.8 UPS
    9.9 Telecom
    9.10 Forklift
    9.11 Power Tool
    9.12 E-Bike
    9.13 Others
    10. Key Company Analysis (Overview, Financials**, Products and Services, Recent Developments, and Analyst View)
    10.1 Amperex Technologies Ltd
    10.2 BYD Co. Ltd
    10.3 LG Chem Ltd
    10.4 Panasonic Corporation
    10.5 Samsung SDI Co. Ltd
    10.6 SAFT GROUPE SA
    10.7 Tianjin Lishen Battery Company Limited
    10.8 Hitachi Chemical Co. Ltd.
    10.9 A123 Systems, LLC
    10.10 Exide Technologies
    10.11 Johnson Controls
    * List not Exhaustive
    11. Competitive Landscape
    11.1 Mergers and Acquisitions
    11.2 Joint Ventures, Collaborations, and Agreements
    12. Appendix
    12.1 Disclaimer
    12.2 Contact Us
    **Subject to availability in public domain

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