Global Consumer Electronics Batteries Market Size study & Forecast, by Type (Alkaline Batteries, Lithium-ion Batteries, Graphene Batteries, Nickel-Cadmium Batteries, Zinc-Carbon Batteries, Lead-Acid Batteries, Others), by Application (Smartphones, Laptops

Global Consumer Electronics Batteries Market Size study & Forecast, by Type (Alkaline Batteries, Lithium-ion Batteries, Graphene Batteries, Nickel-Cadmium Batteries, Zinc-Carbon Batteries, Lead-Acid Batteries, Others), by Application (Smartphones, Laptops and Tablets, Digital Cameras, Wearable Devices, Medical Devices, Others) and Regional Analysis, 2023-2030

Global Consumer Electronics Batteries Market is valued at approximately USD 13.9 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.2% over the forecast period 2023-2030. Consumer electronics batteries are specialized power sources designed for use in a wide range of electronic devices that are commonly used by individuals. These batteries are typically compact, portable, and provide the necessary electrical energy to operate devices such as smartphones, laptops, digital cameras, remote controls, and other gadgets. Consumer electronics batteries come in various chemistries, including lithium-ion, nickel-metal hydride, and alkaline, among others, each offering different characteristics in terms of energy density, rechargeability, and lifespan. The Consumer Electronics Batteries Market is expanding because of factors such as the proliferation of consumer electronics, the growing popularity of electric vehicles, and the rising demand for portable gadgets and accessories.

The widespread adoption of consumer electronics such as smartphones, tablets, laptops, wearables, and smart home devices has created a strong demand for high-performance and long-lasting batteries, resulting in market growth. As per Statista's data, the revenue from consumer electronics in 2020 amounted to USD 959.67 billion, which increased to USD 987.16 billion in 2022, this upward trend is expected to continue, with an anticipated revenue reaching USD 1152.88 billion by the year 2028. This consistent rise in revenue indicated a growing demand for consumer electronics, resulting in market growth. In addition, miniaturization form-factor innovation and rising government support for the industry are creating new opportunities for market growth. However, limited energy density and environmental concerns stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Consumer Electronics Batteries Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing penetration of smartphones, tablets, laptops, and wearable devices in the Asia-Pacific region has created a substantial demand for rechargeable batteries. As more consumers adopt these gadgets for communication, entertainment, and productivity, the need for reliable and long-lasting batteries has surged. The Asia-Pacific region is witnessing rapid urbanization and a burgeoning middle class, leading to higher disposable incomes. This economic growth has resulted in increased consumer spending on electronic gadgets, further boosting the demand for batteries. Whereas, North America is projected to register the fastest growth owing to factors such as the growing awareness of environmental concerns and the shift towards sustainable and eco-friendly energy solutions that have prompted manufacturers to develop advanced battery technologies. This includes the development of lithium-ion batteries with higher energy densities, longer lifespans, and improved safety features, which align with the region's focus on reducing carbon emissions and promoting clean energy solutions.

Major market player included in this report are:
Samsung SDI Co. Ltd.
LG Chem Ltd
Panasonic Holdings Corporation
Toshiba Corporation
Duracell Inc
Sony Corporation
Apple, Inc.
Hitachi, Ltd.
Johnson Controls International Plc
Energizer Holdings, Inc

Recent Developments in the Market:
 In May 2023, Energizer Holdings, Inc. secured USD 43 million in funding for the expansion of its battery manufacturing and packaging facilities located in Asheboro, North Carolina, USA.
 In April 2023, Apple, Inc. announced a significant ramp-up in its efforts to incorporate recycled materials into its product lineup. This includes setting a new target for 2025, aiming to utilize 100% recycled cobalt in batteries designed by Apple.

Global Consumer Electronics Batteries Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Type, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:


By Type:
Alkaline Batteries
Lithium-ion Batteries
Graphene Batteries
Nickel-Cadmium Batteries
Zinc-Carbon Batteries
Lead-Acid Batteries
Others

By Application:
Smartphones
Laptops and Tablets
Digital Cameras
Wearable Devices
Medical Devices
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Samsung SDI Co. Ltd.
LG Chem Ltd
Panasonic Holdings Corporation
Toshiba Corporation
Duracell Inc
Sony Corporation
Apple, Inc.
Hitachi, Ltd.
Johnson Controls International Plc
Energizer Holdings, Inc

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