Product Code: ETC270450 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Secondary Battery Market is projected to witness mixed growth rate patterns during 2025 to 2029. From 16.69% in 2025, the growth rate steadily ascends to 21.19% in 2029.
Vietnam's Secondary Battery market is anticipated to experience a exponential growth rate of 17.31% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
The Vietnam secondary battery market provides rechargeable secondary batteries, including lithium-ion and nickel-metal hydride batteries, used in a wide range of portable electronic devices, from smartphones to laptops. Secondary batteries offer sustainable and reusable power solutions. The market caters to electronics manufacturers and consumers seeking rechargeable battery options.
The Vietnam secondary battery market has seen growth due to its applications in portable electronics, electric vehicles, and renewable energy storage. Secondary batteries, such as lithium-ion batteries, provide rechargeable energy storage solutions. Market expansion has been propelled by the adoption of electric vehicles, the growth of renewable energy systems, and the demand for high-capacity and long-lasting battery solutions in consumer electronics. The market`s growth has been supported by advancements in battery technology, increased energy density, and efforts to reduce the environmental impact of battery production and disposal.
Challenges in the Vietnam secondary battery market include competition from primary and rechargeable batteries and the demand for advanced and sustainable secondary battery solutions for energy storage and electric mobility applications. Ensuring secondary battery quality, cycle life, and cost-effectiveness while managing production costs and addressing energy storage standards pose significant challenges. Market players must also adapt to changing secondary battery chemistry innovations and energy storage system integration requirements.
The COVID-19 pandemic had a moderate impact on the Vietnam secondary battery market. These rechargeable batteries are used in various applications. While there was initial disruption in the supply chain, there was consistent demand for secondary batteries in consumer electronics and electric vehicles. The market adapted by emphasizing sustainable battery solutions.
In the Vietnam secondary battery market, significant players like BatteryTech Vietnam and PowerCells Co., Ltd. manufacture and distribute secondary batteries, including rechargeable batteries for various applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Secondary Battery Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Secondary Battery Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Secondary Battery Market - Industry Life Cycle |
3.4 Vietnam Secondary Battery Market - Porter's Five Forces |
3.5 Vietnam Secondary Battery Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Vietnam Secondary Battery Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Secondary Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles and consumer electronics |
4.2.2 Government initiatives to promote renewable energy sources |
4.2.3 Technological advancements leading to higher energy storage efficiency |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of recycling infrastructure for secondary batteries |
4.3.3 Competition from other energy storage technologies |
5 Vietnam Secondary Battery Market Trends |
6 Vietnam Secondary Battery Market, By Types |
6.1 Vietnam Secondary Battery Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Secondary Battery Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 Vietnam Secondary Battery Market Revenues & Volume, By Lead-acid Battery, 2021-2031F |
6.1.4 Vietnam Secondary Battery Market Revenues & Volume, By Lithium-ion Battery, 2021-2031F |
6.1.5 Vietnam Secondary Battery Market Revenues & Volume, By Other Technologies (NiMh, NiCD, etc.), 2021-2031F |
6.2 Vietnam Secondary Battery Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Secondary Battery Market Revenues & Volume, By Automotive Batteries (HEV, PHEV, and EV), 2021-2031F |
6.2.3 Vietnam Secondary Battery Market Revenues & Volume, By Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.), 2021-2031F |
6.2.4 Vietnam Secondary Battery Market Revenues & Volume, By Portable Batteries (Consumer Electronics, etc.), 2021-2031F |
6.2.5 Vietnam Secondary Battery Market Revenues & Volume, By Other Applications, 2021-2031F |
7 Vietnam Secondary Battery Market Import-Export Trade Statistics |
7.1 Vietnam Secondary Battery Market Export to Major Countries |
7.2 Vietnam Secondary Battery Market Imports from Major Countries |
8 Vietnam Secondary Battery Market Key Performance Indicators |
8.1 Average energy density of secondary batteries |
8.2 Percentage of secondary batteries recycled |
8.3 Research and development investment in battery technology |
9 Vietnam Secondary Battery Market - Opportunity Assessment |
9.1 Vietnam Secondary Battery Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Vietnam Secondary Battery Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Secondary Battery Market - Competitive Landscape |
10.1 Vietnam Secondary Battery Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Secondary Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |