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Secondary Battery Market 2020-2024 | Decline in Lithium-ion Battery Costs to Boost Growth | Technavio

Technavio has been monitoring the secondary battery market and it is poised to grow by USD 55.62 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled global secondary battery market 2020-2024 (Graphic: Business Wire)

Decline in lithium-ion battery costs has been instrumental in driving the growth of the market. However, shortfalls of lead-acid batteries might hamper market growth. Request a free sample report

Secondary Battery Market 2020-2024: Segmentation

Secondary Battery Market is segmented as below:

Technology

  • Lead-acid
  • Lithium-ion
  • Others

Geographic segmentation

  • North America
  • APAC
  • Europe
  • South America
  • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40336

Secondary Battery Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our secondary battery market report covers the following areas:

  • Secondary Battery Market Size
  • Secondary Battery Market Trends
  • Secondary Battery Market Industry Analysis

This study identifies development of advanced lead-acid battery as one of the prime drivers of the secondary battery market growth during the forecast period.

Secondary Battery Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the secondary battery market, including some of the vendors such as BYD Co. Ltd., s, Contemporary Amperex Technology Co. Ltd., East Penn Manufacturing Co. Inc., Exide Technologies, GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Samsung SDI Co. Ltd. and Tesla Inc. Backed with competitive intelligence and benchmarking, our research reports on the secondary battery market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Secondary Battery Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist secondary battery market growth during the next five years
  • Estimation of the secondary battery market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the secondary battery market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of secondary battery market vendors

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200207005286/en/

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