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Consumer Batteries - Global Market Trajectory & Analytics

  • ID: 338752
  • Report
  • May 2021
  • Region: Global
  • 559 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Battery Technology Inc.
  • BYD Company Ltd.
  • Duracell Inc.
  • Energizer Holdings, Inc.
  • FDK Corp.
  • LG Chem

Global Consumer Batteries Market to Reach $52.5 Billion by 2026


Battery is a single cell or a collection of cells encased in continuity, having terminals that produce electricity from chemical energy. It is a stand-alone power source that provides electrical energy without a generator, power socket or a cord. The two electrodes, namely the negative and the positive, allow the current flow while an electrolyte chemically acts on them as conductor of electrons. They are connected outside by copper wire in external circuit. Demand for batteries in the consumer market comes from the need to power various consumer electronic applications, such as home electronics, mobile devices, hearing aids, video game controls, cordless phones, camcorders, and cameras among others.

Amid the COVID-19 crisis, the global market for Consumer Batteries estimated at US$39.9 Billion in the year 2020, is projected to reach a revised size of US$52.5 Billion by 2026, growing at a CAGR of 4.2% over the analysis period. Primary Alkaline Batteries, one of the segments analyzed in the report, is projected to grow at a 3.3% CAGR to reach US$13.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Primary Zinc Carbon segment is readjusted to a revised 1.1% CAGR for the next 7-year period. This segment currently accounts for a 5.8% share of the global Consumer Batteries market.

The U.S. Market is Estimated at $11.4 Billion in 2021, While is Forecast to Reach $10.3 Billion by 2026


The Consumer Batteries market in the U.S. is estimated at US$11.4 Billion in the year 2021. The country currently accounts for a 27.04% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$10.3 Billion in the year 2026 trailing a CAGR of 6.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR while Rest of European market (as defined in the study) will reach US$10.7 Billion by the end of the analysis period.

Trends, such as miniaturization and digitalization of consumer electronic products, have greatly influenced product design and powering capacity of consumer batteries. Another important factor which of late is influencing demand for batteries is product safety and environmental sustainability. Reflective of the fact is the growing global momentum towards banning of hazardous substances, such as mercury, cadmium, and lead from batteries. Already armed with the growing knowledge of harmful impact of batteries, certain regions such as Europe, have formulated directives, which restrict the usage of hazardous components like cadmium in batteries. Therefore, it is not surprising that in the coming years, battery chemistries such as Nickel-cadmium (Ni-Cd), would witness lackluster growth, particularly in the developed markets, where environmental concerns are gaining paramount attention among consumer groups and manufacturers alike.

Primary Lithium Segment to Reach $5 Billion by 2026


Primary lithium batteries offer high performance in a range of temperatures, and a low rate of self-discharge enabling continuous delivery of voltage. Primary lithium batteries are used as a substitute to a host of other batteries, such as zinc-carbon, manganese-alkali, and zinc-silver oxide, due to their improved performance. Primary lithium batteries are also available in numerous form factors, such as coin, cell, prismatic and film. In the global Primary Lithium segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3 Billion in the year 2020 will reach a projected size of US$3.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$668.8 Million by the year 2026, while Latin America will expand at a 4% CAGR through the analysis period.

Select Competitors (Total 112 Featured) -

  • Battery Technology Inc.
  • BYD Company Ltd.
  • Duracell Inc.
  • Electrochem Automation Inc.
  • Energizer Holdings, Inc.
  • FDK Corp.
  • Jiangmen TWD Technology Co., Ltd.
  • LG Chem
  • Maxell Holdings, Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.
  • Spectrum Brands, Inc.
  • Tohoku Murata Manufacturing Co., Ltd.
  • Tronic Technology Global Ltd.
  • Ultralife Corp.
  • VARTA Consumer Batteries GmbH & Co. KGaA
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Battery Technology Inc.
  • BYD Company Ltd.
  • Duracell Inc.
  • Energizer Holdings, Inc.
  • FDK Corp.
  • LG Chem
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Battery: An Introduction
  • Evolution of Battery over the Years: A Snapshot
  • Major Applications in Conjunction with Historical Developments
  • Consumer Batteries: Designed to Power Small, Portable Devices
  • Widely Used Consumer Batteries by Size: A Snapshot
  • A Brief Overview of Key Consumer Battery Types by Chemistry
  • Primary Alkaline Batteries
  • Primary Zinc Carbon (Zn-C) Batteries
  • Primary Lithium Batteries
  • Secondary Lithium Ion Batteries
  • A Comparative Review of Key Properties of Different Li-ion Batteries
  • Li-Ion vs Ni-MH vs Ni-Cd: Key Technical Aspects
  • Secondary Nickel-Metal Hydride (Ni-MH) Batteries
  • Other Types
  • Consumer Batteries: Current Market Scenario and Outlook
  • While Developed Regions Remain Primary Revenue Contributors, Developing Regions Exhibit Fast Paced Growth
  • Exhibit 1: World Consumer Batteries Market (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 2: World Consumer Batteries Market - Geographic Regions Ranked by CAGR (Revenues) for 2018-2025: China, Asia-Pacific, Latin America, Middle East, Africa, Europe, Canada, Japan, and USA
  • Emerging Technologies Offer Growth Opportunities
  • Market Dynamics Influenced by Economic Scenario
  • Exhibit 3: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
  • Key Industry Activities (2017-2019)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Battery Technology Inc. (USA)
  • BYD Company Ltd. (China)
  • Duracell Inc. (USA)
  • Energizer Holdings, Inc. (USA)
  • E-One Moli Energy Corp. (Taiwan)
  • FDK Corporation (Japan)
  • GPB International Limited (Hong Kong)
  • Highpower International Inc. (China)
  • Jiangmen TWD Technology Co., Ltd. (China)
  • LG Chem (South Korea)
  • Maxell Holdings, Ltd. (Japan)
  • Murata Manufacturing Co. Ltd. (Japan)
  • Panasonic Corporation (Japan)
  • Samsung SDI Co. Ltd. (South Korea)
  • Ultralife Corporation (USA)
3. MARKET TRENDS & DRIVERS
  • Healthy Trajectory across Key Product Categories Sustains Progressive Growth in Consumer Batteries Market
  • Exhibit 4: Global Consumer Electronics Market (In US$ Billion) for the Years 2018 through 2024
  • Smartphones
  • Milestones in Mobile Phone Battery Domain: A Snapshot
  • Exhibit 5: Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
  • Exhibit 6: Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
  • Exhibit 7: Average Battery Life of Select Latest Smartphone Models
  • Tablet PCs
  • Exhibit 8: Worldwide Unit Shipments of Tablet PCs (in Millions) for the Years 2019, 2021 and 2023
  • Laptop PCs
  • Milestones in Laptop Battery Domain: A Snapshot
  • Exhibit 9: Worldwide Unit Shipments of Laptops (in Millions) for the Years 2019, 2021 and 2023
  • Bluetooth Wireless Consumer Electronic Accessories
  • Exhibit 10: Range of Bluetooth Devices by Class
  • Wearables
  • Recent Advancements in Wearable Device Battery Domain: A Snapshot
  • Exhibit 11: Global Wearable Device Shipments in Million Units for the Years 2017, 2019 and 2021
  • Consumer Drones
  • Recent Advancements in Consumer Drone Battery Domain: A Snapshot
  • Booming Digital World Spells Opportunities for Consumer Batteries
  • Expanding Internet User Base & Consumer Appetite for Digital Media: Key Traits of Modern Digital World
  • Exhibit 12: Global Internet User Penetration Rate (in %) for the Years 2014, 2016, 2018, 2020, 2022 and 2024
  • Social Media and Social Networking
  • Exhibit 13: Active Users (in Millions) for Leading Social Network Sites (H1 2019)
  • Online Video Gaming
  • Voice over Internet Protocol (VoIP)
  • Smart Home and Home Automation Instigate New Line of Opportunities
  • SEGMENTAL PERSPECTIVE
  • Lithium Ion (Li-Ion) Emerges as Major Product Category within the Consumer Batteries Market
  • Bright Prospects Ahead for Consumer Li-Ion Battery Market
  • Exhibit 14: World Lithium-Ion Battery Market by End-Use Market (2019 & 2025): Percentage Breakdown of Revenues for Consumer Electronics, Automotive, Aerospace & Defense, Marine, Healthcare, and Other End-Uses
  • Exhibit 15: World Consumer Li-Ion Rechargeable Battery Market by Application (2019): Percentage Breakdown of Volume Shipments for Mobile Phone, Notebook PC, Tablet PC and Others
  • Declining Trend in Battery Prices Amplifies Demand Growth
  • Exhibit 16: Li-ion Battery Price Outlook: Prices in $/kWh for the Years 2010, 2015, 2020, and 2025
  • Raw Material Dynamics Favor Progressive Momentum
  • Exhibit 17: Lithium Content (in Gram) in Consumer Batteries by Battery Type
  • Exhibit 18: Cost Structure of Consumer-Grade Li-ion Battery (in $/kWh) by Cost Component
  • Exhibit 19: Cathode Active Materials in Li-ion Battery Manufacturing by Material (2019 & 2025): Percentage Volume Breakdown for LFP, LiCoO2, LMO, NCA, and NMC
  • Exhibit 20: Anodes (Carbon) in Li-ion Battery Manufacturing (2019): Percentage Volume Breakdown by Carbon Material
  • Li-Ion Battery: Leading Materials Suppliers
  • Exhibit 21: Global Li-ion Battery Anode Materials Market by Leading Manufacturers (2019): Percentage Value Breakdown by Supplier
  • Exhibit 22: Global Li-ion Battery Market by Leading Suppliers of Electrolyte (2019): Percentage Volume Breakdown by Supplier
  • Exhibit 23: Global Li-ion Battery Market by Leading Suppliers of Separator (2019): Percentage Value Breakdown by Supplier
  • Insight into Reserves & Supply of Lithium, the Key Raw Material
  • Exhibit 24: Global Lithium Reserves in Thousand Metric Tons by Select Countries
  • Exhibit 25: Global Lithium Mine Production in Metric Tons by Country for 2017 and 2018
  • Increased R&D Investments Spur Market Momentum
  • Addressing Challenges: Need of the Hour
  • Need to Resolve Flaws in Lithium-ion Batteries
  • Issues Impeding Growth
  • Alkaline: Major Primary Consumer Battery Type
  • Stable Growth on the Cards for Alkaline Batteries Market
  • Zinc-Carbon Battery Segment Continues to Sustain Demand
  • Primary Lithium Batteries Exhibit Faster Growth
  • Nickel Metal Hydride (NiMH): A Mature Technology, Yet Strong in Consumer Applications
  • Exhibit 26: World NiMH Rechargeable Battery Market by Application (2019): Percentage Breakdown of Value Sales for Cordless Phones, General Electronics, HEV, and Others
  • Fading Demand for NiCd Batteries
  • Exhibit 27: World NiCd Battery Market by Application (2019): Percentage Breakdown of Value Sales for Power Tools, Security Lighting, Toys and Others
  • Zinc Air Batteries: An Insight
  • Aluminum-Air Batteries Seek Opportunities
  • Lithium Polymer Battery Emerge as New High Growth Variant
  • Futuristic Battery Technology Trends Augur Well for Market Expansion
  • Pre-Charged Ready-to-Use Rechargeable Batteries Enthuse Consumers
  • Curved Batteries Gaining Heightened Attention
  • New Generation Smart Power Batteries Emerge in the Market
  • Longer Lasting Batteries Come to the Fore
  • Eco-Friendly Green Batteries: The New Flavor
  • Product Innovations & Advancements Widen Business Prospects for Consumer Batteries Market
  • Battery Chemistry Improvements Augment Innovations & Advancements
  • Manufacturing Process Improvements Strengthen R&D Programs
  • Nanotechnology Steps In to Create a Difference in the Battery Making
  • Continued Efforts to Develop Advanced Li-ion Batteries with High Density, Low Footprint, and Quick Charge Features
  • Carbon Electrodes Aid in Development of High Performance Batteries
  • New Approach for Manufacturing Semisolid Li-ion Battery
  • Innovative Battery Technology from Amprius
  • Gbatteries BatteryBox with 50Whr Backup Capacity
  • Li-ion Battery with Lithium Borohydride Designed in Japan
  • Wearables Amplify the Need for Consumer Battery Innovations
  • Inbuilt Power Sources for Wearable Devices to Transform Existing Approaches
  • Infusion of New Materials Augments Battery Improvements
  • A Note on World Battery Materials Market
  • Exhibit 28: World Battery Materials Market by Region (2019): Percentage Breakdown of Material Demand for North America, Western Europe, Asia-Pacific and Rest of World
  • Select Consumer Battery Innovations and Launches
  • Battery Recycling Market Exhibiting Stable Growth
  • Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
  • Rapid Growth in Urban Households
  • Exhibit 29: World Urban Population in Millions: 1950-2050
  • Exhibit 30: Percentage of Urban Population in Select Countries (2018 & 2050)
  • Growing Affluence of Middle Class Consumer Segment
  • Exhibit 31: Global Middle Class Spending (in US$ Trillion) by Geographic Region: 2017, 2025 & 2030
  • Rising Living Standards
  • Issues & Challenges
  • Development of Energy-Dense, Affordable Consumer Battery Remains Elusive
  • Constraints and Challenges on the Path of Innovations
  • Competition from Emerging Battery Technologies
  • Portable Fuel Cell Batteries
  • Biofuel Cell
  • Super Charge Ion Battery (SCiB)
  • Prevalence of Unorganized Players
  • Counterfeit Products
  • Declining Margins
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • An Overview of the US Battery Market
  • Exhibit 32: US Market for Batteries (2019): Percentage Breakdown of Battery Use by Consumer Device
  • Exhibit 33: Online Battery Sales in the US (2019): Percentage Breakdown of Value Sales by Leading Brands
  • Primary Batteries: A Review
  • Competition Rife in the Primary Batteries Segment
  • Exhibit 34: US Market for Consumer Batteries (2019): Percentage Breakdown of Battery Sales by Category for Premium Brands, Mass Brands, and Others
  • Alkaline Batteries: The Primary Batteries Stronghold
  • Trends Adversely Impacting Major Player Profitability
  • Secondary Batteries: An Insight
  • University Research Team Develops Super-Powered Microbatteries
  • Rechargeable Lithium Metal Battery with Double Energy Density for Consumer Electronics
  • Rechargeable, Non-Combustible Zinc-Nickel Battery to Power Mobile Devices
  • Select Statistical Data
  • Exhibit 35: United States Li-ion Battery Market Share Breakdown by Chemistry: 2019
  • Exhibit 36: United States Li-ion Battery Market Share Breakdown by End-Use: 2019
  • US Bans Li-ion Battery Cargo Shipments Aboard Passenger Planes
  • EXIM Scenario of Primary Batteries and Cells
  • SWANA Supports Legislation for Li-ion Batteries Recycling Program in California amidst Rising Fire Incidents
CANADA
  • Export-Import Scenario of Primary Batteries and Cells
JAPAN
  • Japan Losing Ground to Other Asian Countries
  • Manufacturers to Boost Production of Materials for Li-ion Batteries
  • Select Statistical Data
  • Exhibit 37: Japanese Li-ion Battery Market Share Breakdown by Chemistry: 2019
  • Exhibit 38: Japanese Li-ion Battery Market Share Breakdown by End-Use: 2019
CHINA
  • China: A Globally Leading Battery Supplier
  • A Mobile Phone Battery Hub
  • Brighter Days Ahead for Battery Industry in China
  • China: One of the Key Lithium-Ion Battery Market
  • Exhibit 39: Chinese Li-ion Battery Market Share Breakdown by Chemistry: 2019
  • Exhibit 40: Chinese Li-ion Battery Market Share Breakdown by End-Use: 2019
  • Chinese Government Intends to Encourage Li-ion Battery Manufacturing Industry
  • Addressing Production Challenges: Need of the Hour
  • China Looking at Securing Supplies of Vital Raw Materials
  • Li-ion Battery Separator Market
  • Opportunities in Li-Ion Battery Recycling Space
  • Revision in Regulations for Lithium-ion Battery Industry
  • Leading Lithium-ion Battery Manufacturers in China
  • Ni-MH Batteries to Witness Steady Growth
  • Chinese Ni-MH Battery Market - Major Players and their Products
EUROPE
  • An Overview
  • More Power, Lesser Weight: The Evolution in Primary Batteries
  • Mercury-Free Button Cells Likely in the Future
  • Huge Investments Planned in Li-ion Battery Manufacturing Space
  • Exhibit 41: European Li-ion Battery Market Share Breakdown by Chemistry: 2019
  • Exhibit 42: European Li-ion Battery Market Share Breakdown by End-Use: 2019
  • Europe's Long-term Strategy to Deal with Asian Challenge through New Li-ion Battery Factories
  • Legal Environment in Europe
  • EU Battery Directive
  • Government Initiatives
  • Future Trends
  • European Portable Battery Association (EPBA)
  • National Battery Association in Eastern Europe
FRANCE

GERMANY
  • Battery Snippets
  • Exhibit 43: German Market for Alkaline Batteries (2019): Percentage Breakdown of Sales by Leading Players
  • Exhibit 44: German Market for Lithium-Coin Batteries (2019): Percentage Breakdown of Sales by Leading Players
  • Exhibit 45: German Market for Hearing Aid Batteries (2019): Percentage Breakdown of Sales by Leading Players
  • Regulations Targeting Mercury
ITALY

UNITED KINGDOM
  • An Overview
  • Rechargeable Batteries Gain Momentum, Lack of Awareness Remains a Bottleneck
  • Environmental Issues & Initiatives
  • Select Statistical Data
  • Exhibit 46: UK Li-ion Battery Market Share Breakdown by Chemistry: 2019
  • Exhibit 47: UK Li-ion Battery Market Share Breakdown by End-Use: 2019
  • Exhibit 48: UK Market for Hearing Aid Batteries (2019): Percentage Breakdown of Sales by Leading Players
SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Asian Giants Dominate the Global Lithium-ion Battery Market
  • Exhibit 49: Asia-Pacific Li-ion Battery Market Share Breakdown by Chemistry: 2019
  • Exhibit 50: Asia-Pacific Li-ion Battery Market Share Breakdown by End-Use: 2019
AUSTRALIA

INDIA
  • Batteries Demand Surging
  • Indian Dry Cell Battery Market to Emerge from Shackles of Price Rises
  • Exhibit 51: Indian Dry Cell Battery Market by Leading Players (2019): Percentage Breakdown of Value Sales
  • Price Rises Deluge Popularity of D Battery Variants
  • Exhibit 52: Indian Dry Battery Market by Category (2019): Percentage Breakdown of Volume Demand for AA, D, AAA and C Categories
  • Secondary Battery Outlook in India
  • An Overview of Li-ion Battery Market in India
  • Exhibit 53: Indian Li-ion Battery Market Share Breakdown by Chemistry: 2019
  • Exhibit 54: Indian Li-ion Battery Market Share Breakdown by End-Use: 2019
  • Changing Times in Energy Storage Batteries Market: A Complimentary Review
SOUTH KOREA
  • Safety Ruling for Lithium Batteries
REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 112
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Battery Technology Inc.
  • BYD Company Ltd.
  • Duracell Inc.
  • Electrochem Automation Inc.
  • Energizer Holdings, Inc.
  • FDK Corp.
  • Jiangmen TWD Technology Co., Ltd.
  • LG Chem
  • Maxell Holdings, Ltd.
  • Panasonic Corp.
  • Samsung SDI Co. Ltd.
  • Spectrum Brands, Inc.
  • Tohoku Murata Manufacturing Co., Ltd.
  • Tronic Technology Global Ltd.
  • Ultralife Corp.
  • VARTA Consumer Batteries GmbH & Co. KGaA
Note: Product cover images may vary from those shown
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