ID: MRFR/E&P/6118-HCR | 111 Pages | Published By Priya Nagrale on April 2023
Disposable Batteries Market is expected to be valued at USD 12640.02 Million, with a CAGR of 5.2% Forecast by 2030
Disposable batteries market is expected to grow at ~5.2% CAGR during the forecast period.
Because of the rising consumer electronics sector around the world, the worldwide disposable batteries market is likely to rise at a significant rate over the forecast period. In addition, technological advancements have transformed the consumer electronics industry. Small portable gadgets such as laptops, power tools, video game systems, cell phones, remote controls, and other similar devices that require power without a power cord are powered by disposable batteries. Furthermore, when compared to conventional batteries, these batteries feature a constant voltage that provides leakage resistance and a higher energy density. The global disposable battery market is likely to be driven by these factors.
Electrochemical cells in disposable batteries (also known as dry-cell batteries) store energy in an immobilized electrolyte paste, reducing the requirement for water. Alkaline and Nickel-Cadmium batteries are the most common types of disposable batteries. Disposable batteries provide a high energy output, and long shelf life, are inexpensive and are non-hazardous. Small and portable gadgets such as toys, radios, watches, and flashlights all require these batteries. They are frequently inexpensive and have a high energy density. The main battery sector is expected to be the largest in the alkaline battery market due to its cost-effectiveness and environmental friendliness. In comparison to other industrialized countries, India's per capita battery usage continues to be below.
The global disposable batteries market is expected to witness a substantial growth rate during the forecast period, owing to the growing consumer electronics sector, across the globe. Additionally, the advancement in technology has revolutionized the consumer electronics sector. Disposable batteries are used to power small portable electronics such as laptops, power tools, video game systems, cell phones, remote controls, and other similar devices, which need to be powered without a power cord. Moreover, these batteries have a steady voltage that offers leakage resistance and better energy density compared to other batteries. These factors are expected to drive the global disposable batteries market.
Some of the key players of the global disposable batteries market are Duracell Batteries Ltd. (US), Energizer Battery, Inc. (US), Panasonic Corporation (Japan), GP Batteries Intl (Singapore), Everyday Battery Company (US), Rayovac (US), Nbcell Battery (China), Battco (US), Sony (Japan), Southwest Electronic Energy Group (US), and Liebherr Group (Switzerland).
Disposable batteries (also known as dry-cell batteries) contain electrochemical cells, which store energy in an immobilized electrolyte paste to minimize the need for water. The most popular types of disposable batteries are alkaline and Nickel-Cadmium. The key advantages of disposable batteries have a high energy output, longer shelf life, low cost, and are non-hazardous. These batteries are widely used in small and portable devices including toys, radios, watches, and flashlights. They are usually cheap and have a high energy density.
The global disposable batteries market is projected to grow at a substantial rate during the forecast period. The increased use of disposable batteries in daily use gadgets, long shelf-life, and environment-friendly nature of these batteries are some of the major factors that are expected to drive the global disposable batteries market. Disposable batteries commonly find applications in daily use devices such as wall clock, TV remote, radios, and toys. Thus, the widespread of these gadgets has increased the demand for disposable batteries, globally. Alkaline batteries have a shelf-life of five to ten years than carbon zinc batteries whose shelf life is three to five years. Due to their long shelf-life and environment-friendly nature, end users prefer disposable batteries, which is expected to boost the demand for disposable batteries. However, factors such as the availability of alternative products, including rechargeable batteries, and the increasing cost of raw materials are likely to restrain the global disposable batteries market during the forecast period.
The global disposable batteries market has been segmented based on type and end-use. On the basis of type, the alkaline sub-segment is expected to be the largest sub-segment within the global disposable batteries market. The large market share of this sub-segment can be attributed to its high energy density, which allows the battery to produce the same amount of energy for an extended period. Moreover, these batteries have a long life span compared to other battery types. On the basis of end-use, consumer electronics was the largest segment, owing to the rising use of daily use gadgets, globally.
February 2019 - Duracell, a leading producer of batteries and smart power systems, launched a new alkaline battery, Duracell Ultra. The battery is claimed to provide up to 100 percent more power, which is being facilitated by its optimized design. It is a perfect fit for power-hungry devices.
|Market Size||2030: USD 12640.02 Million|
|CAGR||5.2% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Duracell Batteries Ltd. (US), Energizer Battery, Inc. (US), Panasonic Corporation (Japan), GP Batteries Intl (Singapore), Everyday Battery Company (US), Rayovac (US), Nbcell Battery (China), Battco (US), Sony (Japan), Southwest Electronic Energy Group (US), and Liebherr Group (Switzerland)|
|Key Market Opportunities||Increasing Use OF Alkaline Batteries In Medical Applications Shifting Focus On Disposable Batteries From Zinc Carbon Batteries In Asia-Pacific And Latin America|
|Key Market Drivers||Rising Use Of Batteries In Daily Use Gadgets Long Shelf-Life Environment Friendly Nature|
The disposabl batteries market is expected to reach a USD 12640.02 Mn market value by 2030.
The global disposabl batteries market is maturing at a whopping 5.2% CAGR over the review period of 2022 to 2030.
A few significant players of the global disposabl batteries market are Sony (Japan), Southwest Electronic Energy Group (US), and Liebherr Group (Switzerland), among others.
The alkaline segment is expected to drive market growth over the review period.
The consumer electronics segment is likely to witness the highest demand in the disposabl batteries market.
The North American region is expected to witness the maximum growth.