About Consumer Battery
Consumer Batteries are devices which chemically store energy that can be discharged when required by the user to power a device. Without them, modern life would grind to a halt. Growing demand for smart devices and other industrial goods, growing need for automation, increasing demand for smart devices and growing disposal income among consumer is projected to drive the global consumer battery market over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly fragmented with the presence of various players in the market. Some of the key strategies followed by the players operating in the market were innovation, product development, acquisition, and expansion. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GP Batteries International Limited (Hong Kong), Nippo Batteries Co. Ltd. (India), Eveready Industries India Ltd (India), Panasonic Corporation (Japan), Sony (Japan), Samsung SDI (South Korea), CALB (China), Saft Groupe (France), VARTA Storage (Germany), Farasis Energy (California), Sila Nanotechnologies (California) and United Safety & Survivability Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Consumer Battery market by Type (Lithium-Ion Batteries, Zinc-Carbon Batteries, Alkaline Batteries and Others), Application (Household and Commercial) and Region.
On the basis of geography, the market of Consumer Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Consumer Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Capacity, the sub-segment i.e. 0 to 3000mAh will boost the Consumer Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Electric Vehicle will boost the Consumer Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand For Technological Advanced Batteries
Market Growth Drivers:
Growing Demand for Smart Devices and Other Industrial Goods and High-Efficiency under Heavy Discharge Condition
Challenges:
Limited Use for Industrial Purpose and Availability of Alternative Technologies
Restraints:
Relatively Low Battery Life and Safety Issues Related to Storage as well as Transportation of Spent Batteries
Opportunities:
Growing Battery Industry Worldwide and Rise in the E-Commerce Industry in Developing Countries
Market Leaders and their expansionary development strategies
In March 2021, AURELIUS acquired Panasonic’s European Consumer Battery Business Units. The acquisition will the future stand-alone business can capitalise on the opportunities to expand its leading position in the European market.
In November 2023, United Safety & Survivability Corporation, a global leader in advanced safety solutions, is proud to launched of its latest innovation, a Lithium-Ion Battery Failure Detection Sensor. This groundbreaking product sets a new standard in safety for electric vehicles across industries.
According to The International Air Transport Association, “the air transport industry work on to ensure the safe transport of lithium ion batteries and the application of the current international regulations”. Hence, it may act hamper for market growth.
Key Target Audience
Manufacturers, Suppliers, Wholesalers, distributors and retailers, Research and Development (R&D) Companies and Research Organization
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.