The global secondary battery market will increase by 55.6 bi

According to a statement released by technavio, an international market research organization, the global secondary battery market will grow at a compound annual growth rate of more than 11% in 2020-2024, and its market size is expected to grow by US $55.62 billion in the forecast period.

 

 

 

The cost of lithium-ion battery will decrease, and the development of advanced lead-acid battery will promote the growth of secondary battery market. Compared with other battery skills, lithium-ion batteries are being added because they have many advantages, such as higher current density, longer power and so on. The improvement of production scale and production efficiency leads to the decrease of production cost of lithium-ion battery and battery pack. In addition, the high selection of battery skills in the car industry has led to a decrease in the cost of lithium ion batteries at a compound annual growth rate of about 20% in the period 2010-2019. These factors will promote the sale of secondary batteries and promote the growth of shopping malls in the speculation period.

 

 

 

The statement pointed out that during the speculation period, the top five secondary battery shopping malls in the world were BYD, clarios, contemporary Amperex, East Penn manufacturing and exide technologies.

 

 

 

BYD

 

 

 

BYD’s business covers cars and related products, mobile phone parts and assembly services, rechargeable batteries and photovoltaic services. The company supplies lithium-ion batteries based on lithium iron phosphate chemicals for electric cars, material handling equipment and ESS. These batteries are also used for peak load / frequency regulation and peak load conversion applications.

 

 

 

Clarios

 

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Clarios provides intelligent energy storage skills for cars. The company supplies lead-acid batteries for cars, stationary and power applications. The company’s top products are varta, heliar, optima, lth, MAC and delkor. The company also supplies low-voltage lithium-ion batteries to OEMs of electric cars.

 

 

 

Contemporary Amperex

 

 

 

Contemporary Amperex Technology Co. Ltd. is engaged in the development and production of batteries. The company supplies lithium-ion batteries based on lithium nickel manganese cobalt oxide chemical materials for electric passenger cars, and lithium-ion batteries based on lithium iron phosphate chemical materials for ess, electric buses and electric trucks.

 

 

 

East Penn Manufacturing

 

 

 

East Penn Manufacturing Co. Inc. supplies products through the following business areas: transportation, power, standby power supply, as well as wire, cable and battery accessories. The company supplies lead-acid batteries for cars, power and backup power applications. It also supplies lithium-ion batteries for power, stationary and deep cycle applications through its subsidiary Navitas systems LLC.

 

 

 

Exide Technologies

 

 

 

Exide technologies supplies lead-acid batteries for transportation, power and Networking (e.g. telecommunications, CCTV / broadband, utilities and rail equipment). It also supplies lithium-ion batteries based on lithium iron phosphate chemistry.