Global Consumer Battery Market 2024-2028
The consumer battery market is forecasted to grow by USD 5125.02 mn during 2023-2028, accelerating at a CAGR of 4.46% during the forecast period. The report on the consumer battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by supportive government regulations, growing penetration of consumer electronics, and increasing adoption of lithium-ion (Li-ion) batteries.
Technavio's consumer battery market is segmented as below:
By Type
By End-user
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the technological developments in battery performance as one of the prime reasons driving the consumer battery market growth during the next few years. Also, the growing use of sustainable and eco-friendly batteries and the emergence of smart batteries will lead to sizable demand in the market.
The report on the consumer battery market covers the following areas:
- Consumer battery market sizing
- Consumer battery market forecast
- Consumer battery market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading consumer battery market vendors that include Berkshire Hathaway Inc., Electrochem Automation Inc, EVE Energy Co. Ltd., Eveready Industries India Ltd., Fujitsu Ltd., GP International Ltd, Jiangmen TWD Technology Co. Ltd., Johnson Controls International Plc, LG Energy Solution Ltd., Maxell Ltd., Murata Manufacturing Co. Ltd., Panasonic Holdings Corp., Poly Plus Battery Co., Samsung SDI Co. Ltd., Shenzhen PKCELL Battery Co. Ltd, Suzhou South Large Battery Co. Ltd., The Swatch Group Ltd., Toshiba Corp., Ultralife Corp., and VARTA AG. Also, the consumer battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.