Secondary Battery Market - Growth, Trends, and Forecasts (2023 - 2028)
The secondary battery market was valued at USD 87.82 billion in 2019, and it is anticipated to reach USD 220 billion by 2027, registering a CAGR of more than 15% during 2022-2027.
The market was negatively impacted by COVID-19 in 2020. Currently, the market has reached pre-pandemic levels.
Key HighlightsThe secondary battery market is highly fragmented. Some of the major players include (in no particular order) Contemporary Amperex Technology Co. Limited, BYD Co. Ltd, Duracell Inc., EnerSys, and Tesla Inc.
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