Global Battery for Consumer Products Market Growth 2023-2029

Global Battery for Consumer Products Market Growth 2023-2029

Batteries are used to store energy and utilizing them at times of blackouts, power shortages, or when the demand for electricity is high. Lithium-ion (Li-ion) and lead-acid batteries are most extensively utilized in automotive and motive industries. Li-ion batteries are rechargeable batteries in which Li-ion acts as a cathode and carbon serves as an anode. These batteries have a good electrochemical performance with little resistance. The advantages of using these batteries are that they increase thermal stability, have higher current density, and have a longer shelf life when compared with other battery technologies available in the market. Li-ion batteries are used in high-power applications such as hybrid electric vehicles (HEVs), electric vehicles (EVs), and consumer electronics devices.

LPI (LP Information)' newest research report, the “Battery for Consumer Products Industry Forecast” looks at past sales and reviews total world Battery for Consumer Products sales in 2022, providing a comprehensive analysis by region and market sector of projected Battery for Consumer Products sales for 2023 through 2029. With Battery for Consumer Products sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Battery for Consumer Products industry.

This Insight Report provides a comprehensive analysis of the global Battery for Consumer Products landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Battery for Consumer Products portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Battery for Consumer Products market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Battery for Consumer Products and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Battery for Consumer Products.

The global Battery for Consumer Products market size is projected to grow from US$ 48740 million in 2022 to US$ 97260 million in 2029; it is expected to grow at a CAGR of 97260 from 2023 to 2029.

Rising popularity of portable electronic devices; growing adoption of rechargeable batteries; increase in consumer income levels, specifically in emerging markets; ever-increasing end-use device markets; and growing popularity of Lithium polymer batteries in applications such as mobile phones and low price are the key factors driving growth in the global consumer batteries market. The growing disposable income and decreasing prices of consumer electronics products caused by technological improvements is estimated to drive the popularity of the consumer electronics market. The declining Lithium-ion battery prices will be one of the latest trends that will contribute to the growth of this market. the America is expected to be the major revenue contributor to the battery market for consumer products throughout the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Battery for Consumer Products market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Li-Ion Batteries
Lead Acid Batteries
Nickel Batteries

Segmentation by application
Smartphones
Laptops
Power Banks

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Guangzhou Fengjiang Battery New Technology
LG Chem
Panasonic
SAMSUNG SDI
Toshiba

Key Questions Addressed in this Report

What is the 10-year outlook for the global Battery for Consumer Products market?

What factors are driving Battery for Consumer Products market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Battery for Consumer Products market opportunities vary by end market size?

How does Battery for Consumer Products break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.