Consumer Battery Market Report: Trends, Forecast and Competitive Analysis to 2030

Consumer Battery Trends and Forecast

The future of the global consumer battery market looks promising with opportunities in the personal care device, flashlight/lamp, power tool, mobile phone, toy, and remote control markets. The global consumer battery market is expected to reach an estimated $35 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are high adaption for portable electronic devices and technological advancements in the consumer battery.

A more than 150-page report is developed to help in your business decisions.

Consumer Battery by Segment

The study includes a forecast for the global consumer battery by type, battery chemistry, application, and region.

Consumer Battery Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Primary
• Secondary

Consumer Battery Market by Battery Chemistry [Shipment Analysis by Value from 2018 to 2030]:

• Alkaline Battery
• Zinc-Carbon Battery
• Lithium-Ion Battery
• Nickel Cadmium Battery
• Nickel Metal Hydride
• Others

Consumer Battery Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Personal Care Devices
• Flashlights/Lamps
• Power Tools
• Mobile Phones
• Toys
• Remote Controls
• Others

Consumer Battery Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Consumer Battery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies consumer battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the consumer battery companies profiled in this report include-

• Panasonic
• Duracell
• EVE Energy
• TianJin Lishen Battery Joint-Stock
• Renata Battery
• Suzhou South Large Battery
• PolyPlus

Consumer Battery Market Insights

Lucintel forecasts that primary will remain the larger segment over the forecast period as majority of small home appliances utilizes non-rechargeable batteries as their primary energy source.

Within this market, power tool is expected to witness the highest growth due to rising number of people prefers to stay at home and invest more time in enhancing their gardens and engaging in landscaping activities.

APAC will remain the largest region over the forecast period due to presence of numerous consumer battery manufacturing companies in the region.

Features of the Global Consumer Battery Market

Market Size Estimates: Consumer battery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Consumer battery market size by type, battery chemistry, application, and region in terms of value ($B).

Regional Analysis: Consumer battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, battery chemistry, applications, and regions for the consumer battery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the consumer battery market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the consumer battery market size?

Answer: The global consumer battery market is expected to reach an estimated $35 billion by 2030.

Q2. What is the growth forecast for consumer battery market?

Answer: The global consumer battery market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the consumer battery market?

Answer: The major drivers for this market are high adaption for portable electronic devices and technological advancements in the consumer battery.

Q4. What are the major segments for consumer battery market?

Answer: The future of the consumer battery market looks promising with opportunities in the personal care device, flashlight/lamp, power tool, mobile phone, toy, and remote control markets.

Q5. Who are the key consumer battery market companies?

Answer: Some of the key consumer battery companies are as follows:

• Panasonic
• Duracell
• EVE Energy
• TianJin Lishen Battery Joint-Stock
• Renata Battery
• Suzhou South Large Battery
• PolyPlus

Q6. Which consumer battery market segment will be the largest in future?

Answer: Lucintel forecasts that primary will remain the larger segment over the forecast period as majority of small home appliances utilizes non-rechargeable batteries as their primary energy source.

Q7. In consumer battery market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to presence of numerous consumer battery manufacturing companies in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the consumer battery market by type (primary and secondary), battery chemistry (alkaline battery, zinc-carbon battery, lithium-ion battery, nickel cadmium battery, nickel metal hydride, and others), application (personal care devices, flashlights/lamps, power tools, mobile phones, toys, remote controls, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?