Secondary Battery Market to Grow on Rising EV Demand

The Global Secondary Battery Market is estimated to be valued at USD 1,28,567.4 Mn in 2025 and is expected to exhibit a CAGR of 10.9% over the forecast period 2025 to 2032.

Secondary batteries, commonly known as rechargeable batteries, play a critical role in powering electric vehicles, consumer electronics, and grid storage applications. These batteries—including lithium-ion, nickel-metal hydride, and lead-acid chemistries—offer high energy density, long cycle life, and rapid charge–discharge capabilities. Their widespread adoption is driven by stringent emissions regulations, the transition to renewable energy, and the proliferation of portable devices.
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