Market Size of Europe Consumer Battery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 8.62 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Consumer Battery Market Analysis
The Europe consumer battery market is expected to grow at a CAGR of more than 8.62% over the period of 2020-2025. Factors such as numerous advantages of consumer batteries, such as low cost, wide application across consumer electronics, including flashlights, calculators, clocks, and smoke alarms coupled with increasing sales of consumer electronics in the region are expected to drive the market. On the other hand, the demand-supply mismatch of raw materials is likely to hinder the growth of the market.
- The lithium-ion battery is expected to witness significant growth in the market due to its high electrode potential, high charge, and favourable capacity-to-weight ratio during the forecast period.
- The increasing popularity of portable medical devices offers a significant growth opportunity for the consumer battery market.
- Germany is expected to witness significant growth during the forecast years due to the increasing sales of consumer electronics and home appliances during the forecast period.
