
29/09/2025
The global secondary battery market is projected to expand from USD 121.75 billion in 2024 to USD 301.72 billion by 2034, growing at a 9.5% CAGR. This growth is driven by increased demand across sectors such as electric vehicles (EVs), consumer electronics, and renewable energy systems.
Secondary batteries, commonly referred to as rechargeable batteries, are energy storage devices designed to be recharged and used multiple times,