PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401362
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401362
Global Consumer Electronics Batteries Market is valued at approximately USD 13.9 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.2% over the forecast period 2023-2030. Consumer electronics batteries are specialized power sources designed for use in a wide range of electronic devices that are commonly used by individuals. These batteries are typically compact, portable, and provide the necessary electrical energy to operate devices such as smartphones, laptops, digital cameras, remote controls, and other gadgets. Consumer electronics batteries come in various chemistries, including lithium-ion, nickel-metal hydride, and alkaline, among others, each offering different characteristics in terms of energy density, rechargeability, and lifespan. The Consumer Electronics Batteries Market is expanding because of factors such as the proliferation of consumer electronics, the growing popularity of electric vehicles, and the rising demand for portable gadgets and accessories.
The widespread adoption of consumer electronics such as smartphones, tablets, laptops, wearables, and smart home devices has created a strong demand for high-performance and long-lasting batteries, resulting in market growth. As per Statista's data, the revenue from consumer electronics in 2020 amounted to USD 959.67 billion, which increased to USD 987.16 billion in 2022, this upward trend is expected to continue, with an anticipated revenue reaching USD 1152.88 billion by the year 2028. This consistent rise in revenue indicated a growing demand for consumer electronics, resulting in market growth. In addition, miniaturization form-factor innovation and rising government support for the industry are creating new opportunities for market growth. However, limited energy density and environmental concerns stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Consumer Electronics Batteries Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing penetration of smartphones, tablets, laptops, and wearable devices in the Asia-Pacific region has created a substantial demand for rechargeable batteries. As more consumers adopt these gadgets for communication, entertainment, and productivity, the need for reliable and long-lasting batteries has surged. The Asia-Pacific region is witnessing rapid urbanization and a burgeoning middle class, leading to higher disposable incomes. This economic growth has resulted in increased consumer spending on electronic gadgets, further boosting the demand for batteries. Whereas, North America is projected to register the fastest growth owing to factors such as the growing awareness of environmental concerns and the shift towards sustainable and eco-friendly energy solutions that have prompted manufacturers to develop advanced battery technologies. This includes the development of lithium-ion batteries with higher energy densities, longer lifespans, and improved safety features, which align with the region's focus on reducing carbon emissions and promoting clean energy solutions.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable