Digital Camera Battery Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Digital Camera Battery Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Digital Camera Battery Market

The digital camera battery market size was valued at USD 691.7 million in 2021, and the market is now projected to grow from USD 714.8 million in 2022 to USD 880.0 million by 2029, exhibiting a CAGR of 3.0% during the forecast period of 2022-2029.

The outbreak of COVID-19 forced people to stop using digital cameras and manufacture fewer goods. This downturn with the increasing use of high-quality smartphone cameras, also contributed to the decline in the digital camera battery market growth. However, with the advancement of social media use, professional camera usage for blogging slightly increased, as did battery demand for such use.

Technological advancement has increased demand for low-weight digital cameras, specifically speed in media production, sports and action photography. Instagram and other social networks have also contributed to the increased popularity of professional cameras for photography. Low-weight batteries are recognized to improve camera uptake in the future owing to technological developments. Strategies to create lithium-ion batteries with low or zero copper enhance the performance and lessen mass, which is beneficial for advancing the digital camera battery market share.

Moreover, lithium-ion batteries’ affordability has boosted the application of digital cameras due to their rechargeable and appropriately weighed-by-power features. Also, Nickel metal hydride (Ni-MH) appears cheaper since its costs are over 50% lower than those of lithium-ion batteries. Economical options in alkaline batteries also drive the use of digital cameras. These lower battery prices relating to digital camera batteries in various chemistries will boost the demand for batteries in the coming years.

Comprehensive Analysis of Digital Camera Battery Market

The digital camera battery market and power & energy industry are rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the power & energy industry. These segmentations are methodically segregated by types, by battery chemistry and by camera types. The type includes, Primary Battery and Secondary Battery. The battery chemistry includes, Lithium-ion, Nickel Metal Hydride and Others. The camera type includes, Interchangeable Lens Camera and Built-in Lens Camera.

Asia Pacific became the largest consumer of digital cameras in 2021, and according to the estimated forecast, it will remain so during the forecast period with changing dimensions of urbanization and industrialization. The social media usage rate is high within the region, creating a massive digital camera market. The statistics show that internet users in Asia reached 50.1% by the end of January 2021. However today Oceania/Australia has internet use at 70.1% and has grown by more than 300% from 2000 to 2022.

The top players in the market play a crucial role in the power & energy industry assuring industrial prospectus growth and setting market standards. These players include, Canon Inc. (Japan), Duracell Inc. (U.S.), Nikon Corporation (Japan), Panasonic Corporation (Japan), Sony Electronics Inc. (Japan), Samsung (South Korea), Energizer Holdings Inc. (U.S.), Fujifilm (Japan), RICOH Imaging Company Ltd. (Japan) and OM Digital Solutions Corporation (Japan). These market players provide a level-playing competitive landscape.

In July 2022, RICOH IMAGING COMPANY, LTD, announced the stand-alone model of the RICOH GR IIIx Urban Edition at the beginning. The product was previously sold under the RICOH GR IIIx Urban Edition Special Limited Kit.

Segmentation Table

Global Digital Camera Battery Market Scope

Study Period 2018-2029

Base Year 2021

Forecast Period 2022-2029

Growth Rate CAGR of 3.0% from 2022 to 2029

Historical Period 2018-2020

Unit Value (USD Billion)

Segmentation By Type, Battery Chemistry, Camera Type, and Region

By Type Primary Battery

Secondary Battery

By Battery Chemistry Lithium-ion

Nickel Metal Hydride

Others

By Camera Type Interchangeable Lens Camera

Built-in Lens Camera

By Region North America (By Type, By Battery Chemistry, By Camera Type, By Country)

U.S. (By Camera Type)

Canada (By Camera Type)

Europe (By Type, By Battery Chemistry, By Camera Type, By Country)

U.K. (By Camera Type)

Germany (By Camera Type)

France (By Camera Type)

Italy (By Camera Type)

Spain (By Camera Type)

Russia (By Camera Type)

Rest of Europe (By Camera Type)

Asia Pacific (By Type, By Battery Chemistry, By Camera Type, By Country)

China (By Camera Type)

India (By Camera Type)

Japan (By Camera Type)

Australia (By Camera Type)

Southeast Asia (By Camera Type)

Rest of Asia Pacific (By Camera Type)

Latin America (By Type, By Battery Chemistry, By Camera Type, By Country)

Brazil (By Camera Type)

Mexico (By Camera Type)

Argentina (By Camera Type)

Rest of Latin America (By Camera Type)

Middle East and Africa (By Type, By Battery Chemistry, By Camera Type, By Country)

GCC (By Camera Type)

South Africa (By Camera Type)

Rest of Middle East & Africa (By Camera Type)

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