Consumer Battery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Technology Type (Lithium-ion Batteries, Zinc-Carbon Batteries, Alkaline Batteries, Nickel Metal Hydride, Nickel Cadmium and Others), and Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa)

Market Snapshot

Market Summary - Consumer Battery Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >6 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The market for consumer battery market is expected to grow at a CAGR of more than 6% during the forecast period of 2020 – 2025. Since the global financial crisis of 2008, strengthening of economies of major nations across the globe has resulted in increased disposable income among households. Also, the price tag associated with consumer electronics, such as smartphones and tablets, has witnessed a significant reduction, thus driving an increased purchase of smartphones and tablets. On the other hand, transportation restrictions on batteries that are environment unfriendly are likely to hinder the market growth.

  • 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 use of battery-based energy storage systems with solar photovoltaic (PV) is gaining popularity in both developed and emerging economies creating market opportunities for battery manufacturers.
  • Asia-Pacific is expected to dominate the market with majority of the demand coming from the countries such as India and China.

Scope of the Report

The consumer battery market report include:

Type
Lithium-ion Batteries
Zinc-Carbon batteries
Alkaline Batteries
Nickel Metal Hydride
Nickel Cadmium
Others
Geography
North America
Asia-Pacific
Europe
South America
Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Lithium-ion Battery to Dominate the Market

  • Among different types of battery technology, lithium-ion battery (LIB) is expected to dominate the global consumer battery market majorly due to its capacity-to-weight ratio and other factors like better performance, high energy density, and decreasing price.
  • These unique properties have made lithium-ion batteries the power sources for consumer electronics manufacturers, with a production of the order of billions of units per year. Historically, the lithium market has been driven by battery demand - particularly from consumer electronics, which represented more than 45% of demand in 2017.
  • The price of LIB is usually high, as compared to other batteries. Also, leading players in the market have been investing, in order to gain economies of scale and in R&D activities, to improve LIB's performance and price.
  • Lithium-ion batteries find application in a wide range of consumer goods, like smartphones, wearables, laptops, digital cameras, remote controls and gaming devices. Lithium-ion batteries are safer and have higher capacity power packs and are more economical than other alternatives for long-term use.
  • Therefore, owing to better wide scale application, performance, and decreasing battery prices, the lithium-ion battery segment is expected to witness the highest growth rate during the forecast period.
Consumer Battery Market - Lithium-ion Battery Price

Asia-Pacific to Dominate the Market

  • Asia-Pacific comprises multiple growing economies with substantial natural as well as human resources such as China and India which are expected to be major investment hotspots for battery companies in coming years, on account of policy-level support, from the governments, encouraging the manufacturing sector.
  • China is currently one of the largest markets for the electric vehicle and has registered approximately 30 times faster growth than the electric vehicle market in 2018 when compared to 2017.
  • The increasing adoption of electric vehicles is in line with the clean energy policy. In order to reduce the demand-supply gap, the government of China is planning to ease restriction on automakers importing cars into the country.
  • On the other hand,India is expected to aggressively ramp up the domestic production of lithium-ion batteries. The India lithium-ion battery is expected to register a robust growth during the forecast period, amidst increased uptake of electric vehicles, energy storage, and renewable-based initiatives.
  • Therefore, the above mentioned factors are expected to drive the consumer battery market in Asia-Pacific region during the forecast period.
Consumer Battery Market - Growth Rate by Region

Competitive Landscape

The global consumer battery market is fragmented. Some of the major companies include Panasonic Corporation, VARTA Consumer Batteries GmbH & Co. KGaA, Samsung SDI Co. Ltd, Duracell Inc., and PolyPlus Battery Company Inc., amongst others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD million, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitutes Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Lithium-ion Batteries

      2. 5.1.2 Zinc-Carbon batteries

      3. 5.1.3 Alkaline Batteries

      4. 5.1.4 Nickel Metal Hydride

      5. 5.1.5 Nickel Cadmium

      6. 5.1.6 Others

    2. 5.2 Geography

      1. 5.2.1 North America

      2. 5.2.2 Asia-Pacific

      3. 5.2.3 Europe

      4. 5.2.4 South America

      5. 5.2.5 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Panasonic Corporation

      2. 6.4.2 VARTA Consumer Batteries GmbH & Co. KGaA

      3. 6.4.3 Maxell Holdings, Ltd.

      4. 6.4.4 LG Chem Ltd

      5. 6.4.5 Energizer Holdings Inc.

      6. 6.4.6 PolyPlus Battery Company Inc.

      7. 6.4.7 Samsung SDI Co. Ltd

      8. 6.4.8 Battery Technology Inc.

      9. 6.4.9 Duracell Inc.

      10. 6.4.10 Jiangmen TWD Technology Co., Ltd.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Consumer Battery Market market is studied from 2016 - 2026.

The Consumer Battery Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Panasonic Corporation , VARTA Consumer Batteries GmbH & Co. KGaA , Samsung SDI Co. Ltd , Duracell Inc. , PolyPlus Battery Company Inc. are the major companies operating in Consumer Battery Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!