Secondary Batteries Market Report 2025 (Global Edition)

Global Secondary Batteries Market Report 2025 Market Size Split by Type Outlook: (Lead Acid, Lithium-ion, Nickel Metal Hydride, Others), by Application Outlook: (Electronics, Motor Vehicles, Industria...

Secondary Batteries Market Report Description

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Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Competitive Landscape of the Secondary Batteries Market

The secondary batteries market is highly competitive, with numerous key players leading the charge in battery technology innovation and market expansion. Leading companies in the market include both established energy giants and emerging technology-focused firms. These players focus on developing high-performance, cost-effective, and environmentally friendly battery solutions to meet the increasing demand across various sectors, including electric vehicles (EVs), renewable energy storage, and consumer electronics.

In December 2021 ABSLTM Lithium-ion (Li-ion) batteries were successfully integrated into the National Aeronautics and Space Administration (NASA) James Webb Space Telescope launch. (Source: https://www.globenewswire.com/news-release/2021/12/28/2358600/0/en/EnerSys-ABSL-Lithium-ion-Li-ion-Batteries-Successfully-Launch-on-National-Aeronautics-and-Space-Administration-NASA-James-Webb-Space-Telescope.html) In August 2022, Contemporary Amperex Tech Co., Limited (CATL) announced it would invest 7.34 billion euros in constructing a 100 GWh battery plant in Debrecen, east Hungary. It will be the company's second battery plant in Europe after its German plant. (Source: https://www.catl.com/en/news/983.html)

Top Companies Market Share in Secondary Batteries Industry: (In no particular order of Rank)

• Amperex Technologies
• LG Chem
• Aquion Energy LLC
• Energizer Holdings Inc.
• BTI
• SAMSUNG SDI CO. LTD
• Johnson Controls
• BYD Company Ltd
• Panasonic Corporation
• Hitachi High-Tech India Private Limited
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Secondary Batteries Market

Which Region Dominates the Secondary Batteries Market in 2024?

According to Cognitive Market Research, North America dominates the secondary batteries market due to a combination of factors, including significant demand from the electric vehicle (EV) and renewable energy sectors. The region benefits from strong government support, with incentives and regulations promoting the adoption of clean energy solutions and electric transportation. Key players like Tesla, General Motors, and major battery manufacturers, such as LG Energy Solution and Panasonic, are headquartered in North America, driving innovation and production capacity.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region in the secondary batteries market due to its strong manufacturing base, rapid adoption of electric vehicles (EVs), and increasing demand for energy storage solutions. Countries like China, Japan, and South Korea are home to leading battery manufacturers, such as CATL, Panasonic, and LG Energy Solution, which dominate global production. The region also benefits from government policies and incentives supporting clean energy and EV growth.

The current report Scope analyzes Secondary Batteries Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Secondary Batteries Market Analysis

According to Cognitive Market Research, the global Secondary Batteries market size was estimated at USD 95142.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 38057.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Secondary Batteries market with a market size of USD 30026.97million in 2024 and is projected to grow at a CAGR of 10.5%during the forecast period. The U.S. market's Technological advancements, coupled with increasing investments in renewable energy storage, have fueled this expansion.
• The Canada Secondary Batteries market had a market share of USD 4566.84million in 2024 and is projected to grow at a CAGR of 11.5%during the forecast period. Canada’s Technological advancements, coupled with increasing investments in renewable energy storage, have fueled this expansion.
• The Mexico Secondary Batteries market is projected to witness growth at a CAGR of 11.2%during the forecast period, with a market size of USD 3463.19 million in 2024.

Europe Secondary Batteries Market Analysis

According to Cognitive Market Research, the global Secondary Batteries market size was estimated at USD 95142.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 28542.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.

• The United Kingdom Secondary Batteries market had a market share of USD 4795.18million in 2024 and is projected to grow at a CAGR of 11.8%during the forecast period. In the UK, Secondary Batteries sales witness an upswing due to the stringent environmental regulations and a push toward sustainable energy solutions.
• The France Secondary Batteries market is projected to witness growth at a CAGR of 10.2%during the forecast period, with a market size of USD 2625.93million in 2024.
• According to Cognitive Market Research, the German Secondary Batteries market size was valued at USD 5651.46million in 2024 and is projected to grow at a CAGR of 11.2%during the forecast period. In Germany, Secondary Batteries surged due to the stringent environmental regulations and a push toward sustainable energy solutions.
• The Italy Secondary Batteries market is projected to witness growth at a CAGR of 10.4%during the forecast period, with a market size of USD 2454.68million in 2024.
• The Russia Secondary Batteries market is projected to witness growth at a CAGR of 10.0%during the forecast period, with a market size of USD 4424.13million in 2024.
• The Spain Secondary Batteries market is projected to witness growth at a CAGR of 10.1%during the forecast period with a market size of USD 2340.51million in 2024
• The Luxembourg Secondary Batteries market is projected to witness growth at a CAGR of 11.1%during the forecast period, with a market size of USD 884.83million in 2024.
• The Portugal Secondary Batteries market is projected to witness growth at a CAGR of 10.8%during the forecast period, with a market size of USD 599.40million in 2024.
• The Greece Secondary Batteries market is projected to witness growth at a CAGR of 11.3%during the forecast period, with a market size of USD 342.51million in 2024.
• The Rest of Europe's Secondary Batteries market is projected to witness growth at a CAGR of 9.7%during the forecast period, with a market size of USD 4424.13million in 2024.

Asia Pacific Secondary Batteries Market Analysis

According to Cognitive Market Research, the global Secondary Batteries market size was estimated at USD 95142.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 21882.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Secondary Batteries market size was valued at USD 9847.25million in 2024 and is projected to grow at a CAGR of 14.0%during the forecast period. Secondary Batteries surged in China due to rapid industrialization, technological advancements, and a strong push toward electrification.
• The Japan Secondary Batteries market is projected to witness growth at a CAGR of 13.0%during the forecast period, with a market size of USD 3019.82million in 2024.
• The India Secondary Batteries market had a market share of USD 2625.93million in 2024 and is projected to grow at a CAGR of 16.3%during the forecast period. India's rapid industrialization, technological advancements, and a strong push toward electrification.
• The South Korean Secondary Batteries market is projected to witness growth at a CAGR of 13.6%during the forecast period, with a market size of USD 2188.28million in 2024.
• The Australian Secondary Batteries market is projected to witness growth at a CAGR of 14.2%during the forecast period, with a market size of USD 1137.90million in 2024.
• The South East Asia Secondary Batteries market is projected to witness growth at a CAGR of 15.5%during the forecast period, with a market size of USD 1509.91million in 2024.
• The Rest of Asia Pacific Secondary Batteries market is projected to witness growth at a CAGR of 14.3%during the forecast period, with a market size of USD 1553.68 million in 2024.

South America Secondary Batteries Market Analysis

According to Cognitive Market Research, the global Secondary Batteries market size was estimated at USD 95142.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 4757.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Secondary Batteries market size was valued at USD 2036.05million in 2024 and is projected to grow at a CAGR of 12.5%during the forecast period. Secondary Batteries flourished in Brazil due to renewable energy storage, coupled with the rise of electric mobility and consumer electronics.
• Argentina's Secondary Batteries market had a market share of USD 799.20million in 2024 and is projected to grow at a CAGR of 12.8%during the forecast period. Argentina's renewable energy storage, coupled with the rise of electric mobility and consumer electronics.
• Colombia Secondary Batteries market is projected to witness growth at a CAGR of 11.7%during the forecast period, with a market size of USD 423.38million in 2024.
• Peru Secondary Batteries market is projected to witness growth at a CAGR of 12.1%during the forecast period, with a market size of USD 390.08million in 2024.
• Chile Secondary Batteries market is projected to witness growth at a CAGR of 12.2%during the forecast period, with a market size of USD 342.51million in 2024.
• The Rest of Latin America's Secondary Batteries market is projected to witness growth at a CAGR of 14.5%during the forecast period, with a market size of USD 765.90million in 2024.

Middle East Secondary Batteries Market Analysis

According to Cognitive Market Research, the global Secondary Batteries market size was estimated at USD 95142.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1902.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031..

• The GCC Countries Secondary Batteries market is projected to witness growth at a CAGR of 13.0%during the forecast period, with a market size of USD 814.42million in 2024. Secondary Batteries sales flourish due to the expanding industrial sectors, rising urbanization, and increasing adoption of renewable energy solutions.
• The Egypt Secondary Batteries market is projected to witness growth at a CAGR of 12.5%during the forecast period, with a market size of USD 199.80 million in 2024.
• The South Africa Secondary Batteries market is projected to witness growth at a CAGR of 13.2%during the forecast period, with a market size of USD 300.65million in 2024. Secondary Batteries sales flourished in South Africa due to expanding industrial sectors, rising urbanization, and increasing adoption of renewable energy solutions.
• The Turkey Secondary Batteries market is projected to witness growth at a CAGR of 11.7%during the forecast period, with a market size of USD 163.65million in 2024.
• The Nigeria Secondary Batteries market is projected to witness growth at a CAGR of 11.3%during the forecast period, with a market size of USD 199.80million in 2024.
• The Rest of the MEA Secondary Batteries market is projected to witness growth at a CAGR of 11.2%during the forecast period, with a market size of USD 224.54million in 2024.

Secondary Batteries Market Analysis

How are Segments Performing in the Global Secondary Batteries Market?

Secondary Batteries Market Type Segment Analysis

According to Cognitive Market Research, Lithium-ion batteries dominate the secondary batteries market due to their superior energy density, longer lifespan, and efficiency. These batteries are widely used in electric vehicles (EVs), consumer electronics, and renewable energy storage, making them the preferred choice for various industries. Their ability to deliver high performance in compact sizes, combined with advancements in technology that enhance charging speed and safety, has cemented lithium-ion as the leading battery type.

Nickel Metal Hydride (NiMH) batteries represent the fastest-growing segment in the secondary batteries market, driven by their application in hybrid electric vehicles (HEVs) and energy storage systems. NiMH batteries offer a balance between cost and performance, providing a safe and reliable alternative to lithium-ion in specific applications. Their environmental benefits, relatively low toxicity, and increasing usage in automotive and consumer electronics sectors have contributed to their rapid growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Secondary Batteries Industry. Request a Free Sample PDF!

Secondary Batteries Market Application Segment Analysis

According to Cognitive Market Research, The motor vehicles segment is the dominant application in the secondary batteries market, driven primarily by the growing adoption of electric vehicles (EVs). As the automotive industry increasingly shifts towards electrification to meet environmental standards, the demand for high-performance batteries, especially lithium-ion, has surged. These batteries are essential for powering EVs, offering long driving ranges and fast-charging capabilities.

The portable devices segment is the fastest-growing in the secondary batteries market, fueled by the continuous expansion of the consumer electronics industry. Smartphones, laptops, wearables, and other portable electronics require efficient, compact, and rechargeable batteries, with lithium-ion batteries being the preferred choice. As consumer demand for smarter, more powerful devices increases, the need for advanced secondary batteries that offer longer battery life, faster charging, and higher capacity grows.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Secondary Batteries Industry Vertical Outlook: Segment Analysis

Secondary Batteries Market Industry Vertical Segment Analysis

According to Cognitive Market Research, The automotive sector is the dominant industry vertical in the secondary batteries market, primarily driven by the rapid growth of electric vehicles (EVs). As governments push for greener transportation solutions and more consumers shift to electric mobility, the demand for high-capacity, long-lasting batteries, particularly lithium-ion, have surged. Secondary batteries are essential for powering EVs, with ongoing advancements in battery technology to improve range and reduce charging times.

The energy and power sector is the fastest-growing segment in the secondary batteries market, fueled by the increasing need for energy storage solutions in renewable energy applications. As solar and wind power generation expands, efficient battery storage systems are essential for managing intermittent power supply. Secondary batteries, such as lithium-ion and other advanced types, provide the necessary storage capacity to store excess energy for later use.

• Chemical and Petrochemical
• Oil and Gas
• Energy and Power
• Automotive
• Others

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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