(
EMAILWIRE.COM, August 16, 2018 ) 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.
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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.
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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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