Secondary batteries are finding its presence in the automotive market with the introduction of electrical vehicles. These batteries are graphene-based lithium ion batteries that has higher capacity. Battery manufacturing companies are manufacturing these batteries for different types of electrical vehicles and are durable, light weight and extended life.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL SECONDARY BATTERIES MARKET AT $138 BILLION IN 2017
Asia Pacific was the largest geographic region in the market in 2017, accounting for more than three-fourth of the global market. China was the largest country in the market, accounting for nearly two-third of the global secondary batteries market.
According to The Business Research Company’s Consultant, Nitin Gianchandani, manufacturers are employing robots to complement workers on the factory floor. Major battery manufacturing companies are using workers and robots on the shop floor for faster and safer assembly process. This concept is called “cobotics”. For instance, Tesla uses robots to help its workers at its battery manufacturing plant Tesla Gigafactory located in Nevada, USA. Apart from the robots used for assembly, Tesla also uses self-navigating autonomous indoor vehicles (AIV’s) to move materials between workstations.
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Amperex Technologies Ltd. was the largest player in the secondary batteries market, with revenues of $1.97 billion in 2016. Amperex Technologies growth strategy aims to strengthen its advisory division by expanding its services to small and medium, social enterprises.
Secondary batteries are also known as storage batteries which are rechargeable by passing a current through it in the opposite direction of its discharge. These are mostly used in automotive, household and industrial applications.
Secondary Batteries Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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