PUBLISHER: Orion Market Research | PRODUCT CODE: 1078176
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078176
Global Non-rechargeable Battery Market Size, Share & Trends Analysis Report by Type (Alkaline Battery, Lithium Battery, Zinc-Carbon Battery, Button Cell), and by End-User (Consumer Application, Industrial Application, Healthcare Application)Forecast (2022-2028)
The global non-rechargeable battery market is anticipated to grow at a considerable CAGR during the forecast period. Increasing demand for portable medical devices such as portable EKG, and the hearing aid is also contributing to the growth of the market. Due to increasing demand for medical devices, many companies have to introduce new and innovative medical devices which supports the growth of non-rechargeable battery market globally. For instance, in February 2022, AliveCor announced the launch of KardiaMobile Card that delivers a medical-grade, single-lead ECG in 30 seconds. KardiaMobile Card makes history as the world's first credit-card-sized ECG ever cleared by the FDA.
The global non-rechargeable battery market is segmented based on the type, and end-user. Based on the type, the market is segmented into alkaline battery, lithium battery, zinc-carbon battery, and button cell. Based on, the end-user the market is sub-segmented into the consumer application, industrial application, and healthcare application. Consumer application segment is expected to hold considerable share in global non-rechargeable battery market. Wide application in healthcare electronics such as fingertip pulse oximeter, BP monitors, automated external defibrillators, ventilators, and other applications is driving the growth of global non-rechargeable battery market during the forecast period. For instance, in February 2022, InBody launched new at-home automatic blood pressure monitor. InBody BP 170 blood pressure monitor features a large display for optimal visibility.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.North America is anticipated to hold a considerable share in the global non-rechargeable battery market owing to increasing lithium-battery manufacturing in the region. Lithium batteries are low maintenance battery, with no scheduled cycling requirement to prolong the battery's life which increases its demand in energy and automotive communities. For instance, in March 2022, The US Department of Energy (DOE), in coordination with the US Department of Labor and the AFL-CIO, announced the launch of a national workforce development strategy for lithium-battery manufacturing. As part of a $5 million investment, DOE will support up to five pilot training programs in energy and automotive communities and advance workforce partnerships between industry and labor for the domestic lithium battery supply chain.
The major companies serving the global non-rechargeable battery market include Duracell, Inc., Energizer Holdings, Inc., Sony Corp., Tesla Inc., Toshiba Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Sila Nanotechnologies, battery technology company made its commercial product debut in the new Whoop fitness tracker. The Sila battery used in the upcoming Whoop 4.0, the company's latest health and performance tracker.
Research Methodology
The market study of the global non-rechargeable battery marketis incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Electrical & Electronics