Secondary batteries are also
known as storage batteries. Secondary batteries are rechargeable batteries that
can be recharged by passing a current through it in the opposite direction of
its discharge. These are mostly used in automotive, household and industrial
applications.
Read More: https://www.thebusinessresearchcompany.com/report/secondary-batteries-global-market-report-2018
Read More: https://www.thebusinessresearchcompany.com/report/secondary-batteries-global-market-report-2018
The global secondary batteries market was valued at
$136 billion in 2017, and is expected to be driven by increasing concerns for
energy conservation, as consumers are shifting towards battery operated
equipment from power/fuel operated equipment. Asia Pacific was the largest
geographic region in the market in 2017, accounting for four-fifth of the
global market share.
The secondary batteries market in The Business Research Company’s report is
divided into five segments: lead acid, lithium-ion (Li-Ion), nickel-cadmium
(Ni-Cd), nickel metal hydride and other secondary batteries.
China was the largest country in the secondary
batteries market in 2017, accounting for nearly three-fifth of the global
market share. China was followed by India and Japan as the next largest
countries in the market.
The top five competitors in the market are Amperex Technologies Ltd., BYD
Co. Ltd., LG Chem Ltd., Samsung SDI Co. Ltd., and Johnson Controls. Amperex
Technologies Ltd was the biggest player in the market in 2017. It manufactures, and sells rechargeable lithium ion/polymer battery
cells, and related battery packs for its customers. It offers polymer and
cylindrical cells that are used in consumer electronics products, such as
smartphones, laptop computers, digital media players, cameras and camcorders,
and various gadgets. The company is based in Tsuen Wan, Hong Kong.
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