Global Consumer Battery Market Size, Share, Growth Analysis, By Battery(Lithium-ion, Alkaline), By Application(Smartphones and Laptops to Electric Vehicles and Portable Electronics)

Description

Global Consumer Battery Market size was valued at USD 23.79 Billion in 2022 and is poised to grow from USD 25.33 Billion in 2023 to USD 42.23 Billion by 2031, at a CAGR of 6.6% during the forecast period (2024-2031).

The expected surge in consumer electronics sales worldwide, along with the rapid digitization across various sectors, is forecasted to drive significant growth in the consumer battery market in the years ahead. The widespread usage of smartphones, wearables, laptops, and similar portable gadgets is further fueling the demand for consumer batteries. Additionally, the increasing investment in innovative battery technologies and the rising preference for rechargeable batteries are notable trends to monitor. Lithium-ion batteries are anticipated to lead the global consumer battery market due to their superior energy density and adaptability. Furthermore, the rising adoption of electric vehicles and the integration of advanced consumer batteries therein present promising growth prospects for battery companies. However, environmental concerns related to battery production and disposal may pose challenges and restrain market expansion unless sustainable battery solutions are devised by industry players.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Consumer Battery Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Consumer Battery Market Segmental Analysis

The global consumer battery market can be segmented into key categories based on various factors such as battery, application, and region. Battery types commonly include lithium-ion, alkaline, nickel-metal hydride, and others, each catering to specific consumer needs. Applications cover a wide range, from smartphones and laptops to electric vehicles and portable electronics. Geographically, the market can be divided into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

Drivers of the Global Consumer Battery Market

Smartphones, laptops, and other portable devices are now indispensable components of our digital society, relying heavily on batteries for power. With digitization continuing to expand globally, the demand for consumer batteries is expected to grow significantly over time.

Restraints in the Global Consumer Battery Market

In the age of sustainability, battery manufacturing remains a significant contributor to carbon emissions, posing a challenge for consumer battery companies striving to align with eco-conscious trends. Additionally, the improper disposal of non-rechargeable batteries poses environmental risks, exacerbating global climate concerns. The increasing scrutiny on both battery production and disposal processes may also threaten the profitability of consumer battery market participants.

Market Trends of the Global Consumer Battery Market

Lithium-ion batteries are highly favored across various industries like electronics, automotive, industrial, and energy storage due to their extended lifespan, superior energy density, and adaptability to diverse applications. The continuous investment in enhancing lithium-ion battery technology is imperative for driving growth in the consumer battery market.

Product Code: SQMIG45K2092

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Consumer Battery Market by Battery

Market Overview
Lithium-ion
Alkaline
Nickel-Metal Hydride
and others

Global Consumer Battery Market by Application

Market Overview
Smartphones and Laptops to Electric Vehicles and Portable Electronics

Global Consumer Battery Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Fujitsu Limited (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Eveready Industries India Ltd. (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Panasonic Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hitachi Maxell, Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Duracell Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Energizer Holdings, Inc. (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Renata SA (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sony Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
VARTA AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi Electric Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Samsung SDI Co., Ltd. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Toshiba Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BYD Company Limited (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GP Batteries International Limited (Hong Kong)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Saft Groupe S.A. (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Eneloop Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
LG Chem Ltd. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sanyo Electric Co., Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Zhejiang Mustang Battery Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
EaglePicher Technologies LLC (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Consumer Battery Market Size, Share, Growth Analysis, By Battery(Lithium-ion, Alkaline), By Application(Smartphones and Laptops to Electric Vehicles and Portable Electronics) - Industry Forecast 2024-2031