Asia-Pacific Consumer Battery Market Size

Statistics for the 2023 & 2024 Asia-Pacific Consumer Battery market size, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Consumer Battery size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Asia-Pacific Consumer Battery Industry

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Asia-Pacific Consumer Battery Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 4.60 %

Major Players

Asia-Pacific Consumer Battery Market Key players

*Disclaimer: Major Players sorted in no particular order

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APAC Consumer Battery Market Analysis

The Asia-Pacific consumer battery market is expected to grow at a CAGR of more than 4.6% over the period of 2020-2025. The advancement in technologies, the price of consumer goods has witnessed a substantial reduction, making it more accessible to the consumer and increase in disposable income among households in emerging economics and procurement of consumer electronic devices at a proficient rate will surge the demand of consumable electronics such as tablets, smartphones, etc. This, in turn, is expected to drive the consumer battery market in the region during the forecast period. However, most of the batteries available in the market are not environment friendly and some restrictions in their transportation are one of the major factors the growth of the Asia-Pacific consumer battery marker in the near future.

  • The lithium-ion battery is expected to dominate the market due to its high electrode potential, high charge, and favorable capacity-to-weight ratio during the forecast period.
  • The healthcare industry is designing new technology that is less intrusive and more portable for home use, which has, in turn, led to an increase in demand for smaller devices, such as continuous positive airway pressure (CPAP) machines and oxygen concentrators and creating market opportunities for consumer battery manufacturers.
  • China is expected to dominate the market with majority of the demand coming from across the nation and rising commercial office spaces and small-scale vendors.

Asia-Pacific Consumer Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)