USD 8.92 billion
Report ID:
SQMIG15A2412 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|Tables:
146
|Figures:
74
Disposable Batteries Market size was valued at USD 9.13 Billion in 2023 and is poised to grow from USD 9.35 Billion in 2024 to USD 11.3 Billion by 2032, growing at a CAGR of 2.4% during the forecast period (2025-2032).
The global disposable batteries market is expected to grow significantly across the globe, owing to the increasing adoption of electronic devices, during the forecast period. In addition, technological advances have changed the use of electronic devices. Disposable batteries are used to power small portable electronic devices such as laptops, power tools, video game systems, cell phones, remote controls, and similar devices that must be supplied with power cables with no energy Also, this battery has a stronger discharge than other batteries - for better resistance and energy density. These trends are expected to drive the global disposable batteries market.
Disposable batteries are non-rechargeable electric cells that use non-renewable chemicals to produce energy. Special batteries are sometimes referred to as disposable batteries. Disposable batteries are small, lightweight and long lasting. The use of electronic devices has expanded significantly in recent years, leading to growth in the global disposable battery industry. These batteries are in high demand because they can be used in various consumer electronics applications.
Dry cell batteries, commonly known as disposable batteries, contain electrochemical cells that store energy in an inert electrolyte paste to reduce water deficit. Alkaline nickel and cadmium batteries are the most common type of disposable battery. Disposable batteries are important because they consume a lot of energy, last a long time, and are expensive and unsafe.
Global Market Size
USD 8.92 billion
Largest Segment
9-volt
Fastest Growth
Growth Rate
2.4% CAGR
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Based on the type, the market is classified into alkaline, nickel-cadmium, and others. Based on the end-user, the global market is classified into consumer electronics, automotive, industrial, medical and defense, and military. Based on the size, the market is segmented into AA, AAA, 9 volts, and others. Based on product, this industry is segmented into the type of primary and secondary. Based on the application, the market is segmented into remote control, consumer electronics, toys & radios, and others. The global disposable battery market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Analysis by Size
The AA segment leads the market due to its high storage capacity and durability. The AAA segment is also growing rapidly due to the rise of applications in small and portable devices, including MP3 players, TV remote controls, digital cameras, and others.
The 9-volt segment is projected to account for more market share due to its size in walkie-talkies, alarm clocks, smoke detectors, electronic parking meters, and other consumer electronics while another segment will also show an increase in market share. This includes C, D, N and button batteries for medical, industrial, warfare, military, and other industries. It will drive demand for alkaline batteries in the global market.
Analysis by Product
The primary battery segment accounted for the largest market share by 2022. Increasing demand for electronic components and increasing expenditure led to the growth of the primary battery segment owing to its dominance by consumption of non-rechargeable batteries due to a large application in electronics and home appliances.
However, increasing demand for applications such as watches, alarm clocks, flashlights, cameras, lanterns etc. may see a steady growth for the secondary segment hence increasing consumer spending with electronics high demand will further accelerate the demand for alkaline batteries especially in the global market.
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Largest market share in Asia-Pacific is 41% by 2022. During the forecast period. In Asia-Pacific, China dominates the disposable battery market. It is expected to continue its dominance over the forecast period owing to the growing disposable batteries market in the country. Asia-Pacific accounted for the largest share of the global market, as the demand for consumer electronics in this region, especially in China and India, has increased. The Asia Pacific area held the most important marketplace percentage accounting for 41% in 2022. Consumer electronics are in robust call for throughout the vicinity, mainly in China, India, and Japan, that's anticipated to pressure the disposable battery marketplace growth within the Asia Pacific for the duration of the projected duration. In the Asia Pacific area, China controls the disposable battery market. Due to the United States of America's growing client electronics industry, it is expected to keep its supremacy for the duration of the forecast duration.
The North America region is expected to witness a notable growth at a CAGR of 4.8% during the forecast period. The company's growth has been driven by rapid growth in consumer electronics and acquisition of medical supplies in the United States and Canada. Due to the U.S. using a high volume of medical and electronic devices, the region is expected to have a significant impact on the industry during the forecast period. The market is expected to grow significantly throughout the forecast period. North America is the fastest growing region in the global disposable battery market, as Europe is expected to witness steady growth owing to increasing demand for battery devices in this region due to electronics and medical devices widely used in the US.
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Drivers
Rising Advantages of Disposable Batteries to Boost Growth
Restraints
Increased Environmental Awareness among People
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The competitive environment of the global Disposable Batteries market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global market competitive landscape provides detailed information from competitors. Detailed information includes company overview, company financials, earnings, market potential, investment in research and development, new market strategy, global presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority.
Top Player’s Company Profiles
Recent Developments
Increasing Use of Disposable Batteries
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global disposable batteries market is expected to grow significantly in the coming years. Increasing use of disposable batteries in everyday appliances, long life span and environmentally friendly nature of these batteries are some of the key factors that are going to drive the global disposable batteries market has been introduced but increased awareness of environmental protection is expected to restrain the global disposable battery market. Batteries are used only once and subsequently disposed of in landfills. Moreover, these batteries use heavy metals and strong acids, making them hazardous waste. Governments across the world are imposing stringent policies on hazardous waste disposal and the rise in environmental awareness is expected to curb the disposable batteries market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 8.92 billion |
Market size value in 2031 | USD 11.04 billion |
Growth Rate | 2.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Disposable Batteries Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Disposable Batteries Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Disposable Batteries Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Disposable Batteries Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15A2412
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