Continued growth in global energy demand, clean energy initiatives, and subsidies for sustainable power generation have also increased the use of renewable energy sources such as solar and wind energy. Intermittent power generation from renewable energy sources increases the need for solutions such as battery energy storage in both grid and off-grid locations. Therefore, increasing use of renewable energy will stimulate the demand for secondary batteries during the forecast period.
See overview of Secondary battery market Research report to find out more
Rechargeable Battery Market 2020-2024: Segmentation
- technology
- lead acid
- lithium ion
- others
Lead-acid batteries are cost effective compared to other battery technologies. Increasing industrial and construction activities, high adoption of battery technology in the automotive industry and UPS applications, and increasing adoption of EVs are some of the factors driving the growth of the rechargeable battery market in this segment.
- geography
- Asia Pacific
- Europe
- MEAs
- North America
- South America
Almost 64% of the market growth will come from APAC during the forecast period. China When Japan It is an important market for secondary batteries in APAC. The market growth in this region will be faster than the market growth in other regions.
Rechargeable Battery Market 2020-2024: Scope
Technavio researches, integrates, and aggregates data from multiple sources to present a detailed picture of the market. Our report covers the following areas:
Rechargeable Battery Market 2020-2024: Key Highlights
- Market CAGR during the forecast period 2020-2024
- Detailed information on the factors that will boost the growth of the rechargeable battery market over the next five years
- Estimation of secondary battery market size and degree of contribution to the parent market
- Predictions about future trends and changes in consumer behavior
- Growth of secondary battery market
- Analysis of market competitive landscape and detailed information about vendors
- Comprehensive details of the factors that will challenge the growth of rechargeable battery market vendors
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See overview of Secondary battery recycling market Report by Type and Region – Forecast and Analysis 2020-2024: market value is US$5 billionAccording to Technavio’s latest report, it is progressing at a CAGR of almost 7% from 2019 to 2024. This Rechargeable Battery Recycling Market Report is segmented by Type (Lead Acid Battery, Lithium Ion Battery, Others) and Geography (APAC, Europe, North America, South Americaand MEA).
See overview of battery recycling market Battery Chemistry, Battery Sources, Regional Reports – Forecasts and Analysis 2021-2025: market value is US$6.28 billionAccording to Technavio’s latest report, the CAGR from 2020 to 2025 is 9%. The Battery Recycling Market Report also provides information on several market vendors such as Accurec Recycling GmbH, Battery Solutions LLC, and Call2Recycle Inc.
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Market scope of secondary batteries |
|
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report coverage |
detail |
|
page number |
120 |
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base year |
2019 |
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Forecast period |
2020-2024 |
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Growth Momentum and CAGR |
Accelerate at 11% CAGR |
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Market growth 2020-2024 |
$55.62 billion |
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market structure |
fragmented |
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YoY growth rate (%) |
2.01 |
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Regional analysis |
North America, APAC, Europe, South America, MEA |
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Execution of market contribution |
64% in APAC |
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Main consumption country |
china and japan |
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competitive environment |
Scope of major companies, competitive strategies and consumer engagement |
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Company profiled |
BYD Co. Ltd., Clarios, Contemporary Amperex Technology Co. Ltd., East Penn Manufacturing Co. Inc., Exide Technologies, GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd., Tesla shares Company |
|
market dynamics |
Parent market analysis, market growth drivers and impediments, fast and slow growth segment analysis, impact of COVID 19 and future consumer dynamics, and market landscape analysis for the forecast period. |
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Customization preview |
If the data you’re looking for isn’t in the report, contact an analyst to customize the segment. |
Browse Technavio “Utilities marketresearch report
table of contents:
executive summary
market scenery
- market ecosystem
- Value chain analysis
Market size
- market definition
- Market segment analysis
- Market size 2019
- Market Outlook: 2019-2024 Forecast
Five force analysis
- Five Force Summary
- bargaining power of buyers
- bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- competitive threat
- market conditions
Market segmentation by technology
- Market segment
- Comparison by technology placement
- Lead Acid – Market Size and Forecast 2019-2024
- Lithium Ion – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by technology
Customer landscape
geographical landscape
- geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Main country
- Market opportunities by region
Drivers, Challenges, Trends
- market driver
- Volume Driver – Demand Driven Growth
- Volume Driver – Supply Led Growth
- Volume Driver – External Factors
- Volume Drivers – Demand Shift in Adjacent Markets
- Price Driver – Inflation
- Price driver – shift from lower priced units to higher priced units
- market challenges
- Market trend
vendor landscape
- Overview
- vendor landscape
- landscape destruction
Vendor analysis
- Target vendor
- Vendor market positioning
- BYD Corporation
- Clarios
- Contemporary Amperex Technology Co., Ltd.
- East Pen Manufacturing Co., Ltd.
- Exde Technologies
- GS Yuasa Corporation
- LG Chem Co., Ltd.
- Panasonic Corporation
- Samsung SDI Co., Ltd.
- Tesla Inc.
appendix
- Reporting scope
- US dollar currency conversion rate
- research method
- List of abbreviations
about us
Technavio is the world’s leading technology research and advisory firm. Their research and analysis focuses on emerging market trends, with actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market position. provide. With over 500 expert analysts, Technavio’s report library consists of over 17,000 reports covering 800 technologies across 50 countries. Their customer base consists of companies of all sizes, including over 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities and to navigate within changing market scenarios. Evaluate competitiveness.
contact
Technavio Research
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Email: [email protected]
Website: www.technavio.com/
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