Consumer Battery Market 2022 : Vendor Overview By Key Customers, Offerings, Geographic And Segment Focus With Forecast To 2032

Industry Insights

Consumer Battery Market: Introduction

Globally, billions of batteries are manufactured each year, among which the vast majority is used in consumer devices such as cameras, flashlights, smart phones, laptop, etc. Consumer battery have witnessed consistent evolution in the recent years, enabling it to increase efficiency and reduce the size of consumer battery. Different types of consumer battery are available in the market ranging from primary consumer battery to rechargeable consumer battery. Among rechargeable consumer battery, lithium ion batteries are estimated to hold prominent share throughout the forecast period owing to its wide application.

More recently, the demand for consumer battery is expected to be significantly impelled over the forecast period, owing to reduction in prices of consumer products. Among the application, smart phones segment account for major share in consumer battery market due to growing adoption of smart phone worldwide.

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Consumer Battery Market: Regional Outlook

The global consumer battery market is directly dependent on the growth of consumer goods market across geographies. North America is expected to be closely followed by Europe over the forecast period. Both these markets are predictable to witness significant growth in the consumer battery market, owing to well established market players in the region. Asia Pacific is expected to grow at a substantial CAGR during the forecast period, owing to the high demand for consumer battery in the emerging economics such as China and India.

The India lithium ion battery market is estimated to grow at a prominent CAGR over the forecast period owing to increased uptake of energy storage, electric vehicle and renewable based initiatives. Latin America is anticipated to witness the growth of the consumer battery market over the forecast period owing to positive GDP growth rate and increased urbanization in Brazilian economic outlook. The Middle East & Africa is expected to grow at a considerable rate during the forecast period, owing to an increase in the demand for consumer battery from growing commercial and residential sector in the region.

Consumer Battery Market: Market Participants

Examples of some of the key players identified across the value chain of global consumer battery market includes:

  • Duracell Inc.
  • EVE Energy Co., Ltd.
  • Johnson Controls International PLC
  • LG Chem Ltd.
  • Maxell, Ltd.
  • Murata Manufacturing Co., Ltd.
  • Panasonic Corporation
  • Shenzhen Pkcell Battery Co., Ltd.
  • Shenzhen BAK
  • Suzhou South Large Battery Co., Ltd.
  • The Swatch Group (Renata SA)
  • Tianjin Lishen Battery
  • Toshiba Corporation

Consumer Battery Market: Segmentation

The global consumer battery market can be segmented on the basis of type and end user.

On the basis of type, the global consumer battery market can be segmented as:

  • Primary Consumer Battery
    • Alkaline
    • Zinc Carbon
    • Lithium Primary (metal)
  • Rechargeable Consumer Battery
    • Lithium ion
    • Nickel metal hydride
    • Nickel Cadmium
    • Small Sealed Lead Acid

On the basis of end user sector, the global consumer battery market can be segmented as:

  • Residential
  • Commercial

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