Global Secondary Battery Market Size & Outlook, 2025-2030
Global secondary battery market, 2018-2030 (US$M)
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Global secondary battery market highlights
- The global secondary battery market generated a revenue of USD 121,728.3 million in 2024 and is expected to reach USD 207,188.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 9.4% by 2030.
- In terms of segment, lithium-ion accounted for a revenue of USD 103,389.4 million in 2024.
- Nickel Metal Hydride is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 121,728.3 million |
| Market revenue in 2030 | USD 207,188.0 million |
| Growth rate | 9.4% (CAGR from 2025 to 2030) |
| Largest segment | Lithium-ion |
| Fastest growing segment | Nickel Metal Hydride |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-ion, Lead acid, Nickel Metal Hydride |
Other key industry trends
- In terms of revenue, the North America accounted for 18.0% of the global secondary battery market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 9,176.0 million by 2030.
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Secondary Battery Market Scope
Secondary Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| BTI Biotechnology Institute | View profile | 251-500 | Vitoria-gasteiz, Pais Vasco, Spain, Europe | http://bti-biotechnologyinstitute.com/ |
| Panasonic Corporation | View profile | - | - | - |
| Hitachi High-Technologies | View profile | 10001+ | Schaumburg, Illinois, United States, North America | http://www.hitachi-hitec.com |
| Amperex Technology | View profile | 5001-10000 | Ningde, Fujian, China, Asia | http://www.atlbattery.com/ |
| BYD Company | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | https://en.byd.com |
| Energizer Holdings Inc | View profile | 5080 | 533 Maryville University Drive, Saint Louis, MO, United States, 63141 | https://www.energizerholdings.com |
| Samsung SDI Co Ltd GDR - 144A | View profile | 12452 | 150-20 Gongsero-ro, Giheung-gu, Gyeonggi-do, Yongin, Korea, Republic of | http://www.samsungsdi.co.kr |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Global secondary battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to secondary battery market will help companies and investors design strategic landscapes.
Lithium-ion was the largest segment with a revenue share of 84.93% in 2024. Horizon Databook has segmented the Global secondary battery market based on lithium-ion, lead acid, nickel metal hydride covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Secondary Battery Type Outlook (Revenue, USD Million, 2018-2030)
- Lithium-ion
- Lead acid
- Nickel Metal Hydride
- Others
- Global Secondary Battery Application Outlook (Revenue, USD Million, 2018-2030)
- Motor Vehicles
- Industrial Batteries
- Portable Devices
- Electronics
- Others
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Target buyers of Global secondary battery market databook
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Our clientele includes a mix of secondary battery market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global secondary battery market , including forecasts for subscribers. This global databook contains high-level insights into Global secondary battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global secondary battery market size, by regions, 2018-2030 (US$M)
Top 10 countries: Secondary battery market size, 2024 (US$M)
Global secondary battery market share, by type, 2024 & 2030 (%, US$M)
Secondary battery market: Opportunity assessment by country
Global secondary battery market, by region, 2024 (US$M)
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