Vietnam Secondary Battery Market Size, Share, Trends and Forecast 2025-2033

MARKET OVERVIEW

The Vietnam secondary battery market size reached USD 511.44 million in 2024 and is projected to reach USD 1,060.47 million by 2033. It is expected to grow at a CAGR of 8.44% between 2025 and 2033. This growth is driven by rapid electric vehicle adoption, expansion in renewable energy storage, and domestic manufacturing capacity boosts. Technological innovations and supportive government policies are also broadening the market share.

STUDY ASSUMPTION YEARS

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Year/Period: 2025-2033

VIETNAM SECONDARY BATTERY MARKET KEY TAKEAWAYS

• Current Market Size: USD 511.44 Million (2024)
• CAGR: 8.44% (2025-2033)
• Forecast Period: 2025-2033
• The market is propelled by rapid electric vehicle adoption and manufacturing expansion.
• Renewable energy integration and battery storage development are crucial growth drivers.
• Technological advancements in battery chemistry and government support boost the market.
• Expanding domestic battery manufacturing capacity supports sustainability and export potential.
• Increased adoption of lithium-ion technology and second-life battery solutions shapes market dynamics.

Sample Request Link: https://www.imarcgroup.com/vietnam-secondary-battery-market/requestsample

MARKET GROWTH FACTORS

Vietnam focuses more on renewable energy development so demand should increase. Demand will increase for secondary batteries. The batteries provide energy storage in photovoltaic and wind power projects. Rechargeable lithium-ion batteries effectively stabilize the grid to reduce energy waste. They store extra energy when there is too much and release that energy to meet the highest demand. Because the government supports renewable energy generation, groups invest in utility-scale battery storage. Local battery manufacturers have partnered with international manufacturers. This improves efficiency. This lowers carbon emissions. This also strengthens energy security in Vietnam.

As technology improves, Vietnam's secondary battery industry researches and develops more for increases in the batteries' energy density, safety, and charging speeds to integrate into consumer electronics, electric vehicles, and energy storage systems. Domestic and foreign companies invest in battery R&D centers so they produce pilot lines to improve battery performance in addition to reducing costs while universities and research labs collaborate. Recycling and second-life batteries sustain and reduce reliance on raw materials. The government will develop the domestic battery industry through high-tech manufacturing and research and develop (R&D) to attract foreign investment.

Electric vehicles (EVs) grow in popularity and government policies offer support because these are major factors expected to drive the market's growth. Government policies produce and adopt EVs. Tax incentives invest within infrastructure. Policies drive battery demand. The demand increases for efficient second batteries as crude oil prices rise and environmental concerns motivate consumers and industry to switch to electric-powered vehicles. Domestic manufacturers are investing within manufacturing lithium-ion batteries. Foreign manufacturers are building plants. Increasing the energy density, charge speed, and lifespan of secondary batteries is critical to the reliability of EVs, and is key to achieving Vietnam's carbon emissions reduction and renewable energy development plans.

MARKET SEGMENTATION

Type Insights:

• Lead-acid
• Lithium-Ion (Li-ion)
• Nickel Metal Hydride
• Others

Each type is analyzed in detail to understand its market share and application.

Application Insights:

• Electronics
• Motor Vehicles
• Industrial Batteries
• Portables Devices
• Others

This classification offers a detailed breakdown of battery uses ranging from electronics to industrial applications.

Industry Vertical Insights:

• Chemical and Petrochemical
• Oil and Gas
• Energy and Power
• Automotive
• Others

The segment covers various industries utilizing secondary batteries, highlighting their applications and significance.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

Regions are analyzed comprehensively to understand localized market dynamics and growth opportunities.

REGIONAL INSIGHTS

The report identifies Northern Vietnam, Central Vietnam, and Southern Vietnam as the key regional markets. Detailed statistics such as market share or CAGR per region are not explicitly provided. The analysis covers these regions comprehensively, emphasizing regional market dynamics without specifying dominance.

RECENT DEVELOPMENTS & NEWS

In September 2025, VinFast launched three dual-battery electric scooters in Vietnam, strengthening lithium iron phosphate battery adoption and enhancing range and convenience, positively impacting market growth. In August 2025, Fluence inaugurated a 35 GWh battery energy storage production facility in Bac Giang, Vietnam, improving manufacturing capacity and supporting grid-scale energy solutions. These developments demonstrate increased industrial capabilities and advancing battery technology manufacturing infrastructure in Vietnam.

KEY PLAYERS

• Not provided in source.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group, 

134 N 4th St. Brooklyn, NY 11249, USA, 

Email: sales@imarcgroup.com, 

Tel No: (D) +91 120 433 0800, 

United States: +1-201971-6302