The worldwide market for disposable batteries is predicted to grow at a CAGR of 5.20% during the foreseen period. A disposable battery is an electrochemical cell in which electricity is generated through an irreversible chemical reaction, making it a non-rechargeable battery. Disposable batteries are also called primary batteries. Disposable batteries are small portable batteries with a long life. In recent years, the use of electronic devices has increased significantly, which has contributed to the expansion of the worldwide market for disposable batteries. These batteries are in high call for use in various consumer electronics products. The most popular types of disposable batteries are alkaline and nickel cadmium batteries. The main advantages of disposable batteries are high power, longer service life, low cost, and they are not dangerous. These batteries are widely employed in small portable devices, including toys, radios, watches, and flashlights. They are generally inexpensive and have a high energy density. Disposable batteries are employed to harden small, transferable electronic devices, such as power tools, cell phones, video game systems, and other similar equipment, that must be powered without a power cord. Furthermore, these batteries have a stable voltage that provides anti-leakage and superior power unlike other batteries.
The race to develop powerful batteries has resulted in innovative chemistries that have replaced old battery technologies. The availability of next generation disposable batteries, which are cost effective, reliable and can be employed in multiple applications, has greatly boosted the market. Alkaline batteries offer a long life of five to ten years, while zinc batteries last three to five years. Also, disposable batteries are environmentally friendly.
Recent Developments and Trends
India's leading oil company IOC launched an electric vehicle (EV) battery swap facility on its gasoline pumps, offering to replace dead batteries with fully charged ones in just a few minutes.
Disposable Batteries Market Drivers
The worldwide market for disposable batteries is predicted to grow at a substantial rate during the foreseen period. The increased use of disposable batteries in everyday devices, the long service life and the environmental friendliness of these batteries are some of the main factors that are predicted to drive the worldwide market for disposable batteries. Disposable batteries often have applications in everyday devices such as wall clocks, TV remote controls, radios, and toys. Thus, the generalization of these gadgets has increased the call for disposable batteries in the world. Alkaline batteries have a useful life of five to ten years compared to carbon-zinc batteries that have a useful life of three to five years. Due to their long lifespan and environmentally friendly nature, disposable batteries are preferred by end-users, which is predicted to drive call for disposable batteries. The worldwide disposable battery market is predicted to experience a substantial expansion rate over the foreseen period, due to the expansion of the consumer electronics industry around the world. Additionally, technological advancements have revolutionized the consumer electronics industry. Disposable batteries are employed to power small portable electronic devices such as laptops, power tools, video game systems, cell phones, remote controls, and other similar devices, which must be powered without a power cord. Additionally, these batteries have a constant voltage that offers resistance to leakage and better energy density compared to other batteries.
Factors such as the availability of alternative products, including rechargeable batteries, and the rising cost of raw materials, are likely to limit the worldwide market for disposable batteries during the foreseen period. These batteries are employed for one time, after which they are thrown into the landfill. Disposable batteries contain strong metals and acids, making them harmful waste. Governments around the world are setting strict rules on hazardous waste disposal. Therefore, the increase in environmentally related realization is believed to be holding back the expansion of the disposable battery market.
In recent years, the use of electronic devices has seen a sharp increase, creating a favorable environment for the expansion of the disposable battery market. Batteries are critical to the use of many consumer electronics products. Dry cell batteries are in high call in rural areas where a continuous and unlimited power supply is not available. Disposable batteries are portable, small, have a longer life and are not dangerous.Intensive R&D is underway to further develop disposable battery technology.
Disposable batteries are cost effective compared to storage batteries, making them the first choice of customers. Escalating awareness of environmental conservation is estimated to be restricting the market for disposable batteries.
Disposable Batteries Market Segmentation:
Alkaline batteries are predicted to remain an important segment of the world market during the foreseen period, due to the lower cost and longer life of disposable alkaline batteries compared to other types of batteries.
By end user:
The consumer electronics segment is predicted to grow at maximum CAGR during the foreseen period, due to high call for disposable batteries for use in various electronic devices.
Disposable Batteries Regional Analysis:
The Disposable Batteries Report includes the segmentation of Regions with their respective Countries.
North America Disposable Batteries Industry includes U.S, Canada.
Europe Disposable Batteries Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
Asia Pacific Disposable Batteries Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
Latin America Disposable Batteries Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.
Middle East & Africa Disposable Batteries Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.
Asia-Pacific is predicted to dominate the worldwide disposable battery market during the foreseen period. The region is experiencing strong call for consumer electronics, especially in countries such as China, India, and Japan, which is predicted to drive the disposable battery market in Asia Pacific during the envisioned period. Also, the expansion of the consumer electronics industry in the area is likely to boost the business growth. The North American market is predicted to experience significant expansion during the foreseen period, due to the rapid increase in the adoption of medical devices and consumer electronics in the United States and Canada. The United States is a major consumer of medical devices and consumer electronics, which would allow the country to dominate the region's market during the foreseen period. The market in Latin America and the Middle East and Africa is predicted to grow at a constant CAGR over the foreseen period, due to rapid industrial development in these regions.
Major market players in the field of disposable batteries have invested heavily in the development of the technology. Bio-based disposable batteries have been revolutionary. Improved voltage, energy density, and better leak resistance have increased the call for these batteries.
Some of the key players of the global disposable batteries market are Duracell Batteries Ltd. (US), Energizer Battery, Inc. (US), Panasonic Corporation (Japan), GP Batteries Intl (Singapore), Everyday Battery Company (US), Rayovac (US), Nbcell Battery (China), Battco (US), Sony (Japan), Southwest Electronic Energy Group (US), and Liebherr Group (Switzerland).
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Disposable Batteries Market, By Type
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Disposable Batteries Market, By End-User
6.2.1 Consumer Electronics
6.2.5 Defense & Military
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By End-User
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Type
7.3.3 By End-User
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By End-User
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Type
7.5.3 By End-User
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Type
7.6.3 By End-User
8. Key Player Analysis
8.1 Duracell Batteries Ltd
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Energizer Battery, Inc
8.3 Panasonic Corporation
8.4 GP Batteries Intl
8.5 Everyday Battery Company
8.7 Nbcell Battery
8.10 Liebherr Group
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures