Global Consumer Electronics Batteries Market is valued at approximately USD 13.9 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.2% over the forecast period 2023-2030. Consumer electronics batteries are specialized power sources designed for use in a wide range of electronic devices that are commonly used by individuals. These batteries are typically compact, portable, and provide the necessary electrical energy to operate devices such as smartphones, laptops, digital cameras, remote controls, and other gadgets. Consumer electronics batteries come in various chemistries, including lithium-ion, nickel-metal hydride, and alkaline, among others, each offering different characteristics in terms of energy density, rechargeability, and lifespan. The Consumer Electronics Batteries Market is expanding because of factors such as the proliferation of consumer electronics, the growing popularity of electric vehicles, and the rising demand for portable gadgets and accessories.
The widespread adoption of consumer electronics such as smartphones, tablets, laptops, wearables, and smart home devices has created a strong demand for high-performance and long-lasting batteries, resulting in market growth. As per Statista's data, the revenue from consumer electronics in 2020 amounted to USD 959.67 billion, which increased to USD 987.16 billion in 2022, this upward trend is expected to continue, with an anticipated revenue reaching USD 1152.88 billion by the year 2028. This consistent rise in revenue indicated a growing demand for consumer electronics, resulting in market growth. In addition, miniaturization form-factor innovation and rising government support for the industry are creating new opportunities for market growth. However, limited energy density and environmental concerns stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Consumer Electronics Batteries Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing penetration of smartphones, tablets, laptops, and wearable devices in the Asia-Pacific region has created a substantial demand for rechargeable batteries. As more consumers adopt these gadgets for communication, entertainment, and productivity, the need for reliable and long-lasting batteries has surged. The Asia-Pacific region is witnessing rapid urbanization and a burgeoning middle class, leading to higher disposable incomes. This economic growth has resulted in increased consumer spending on electronic gadgets, further boosting the demand for batteries. Whereas, North America is projected to register the fastest growth owing to factors such as the growing awareness of environmental concerns and the shift towards sustainable and eco-friendly energy solutions that have prompted manufacturers to develop advanced battery technologies. This includes the development of lithium-ion batteries with higher energy densities, longer lifespans, and improved safety features, which align with the region's focus on reducing carbon emissions and promoting clean energy solutions.
Major market player included in this report are:
- Samsung SDI Co. Ltd.
- LG Chem Ltd
- Panasonic Holdings Corporation
- Toshiba Corporation
- Duracell Inc
- Sony Corporation
- Apple, Inc.
- Hitachi, Ltd.
- Johnson Controls International Plc
- Energizer Holdings, Inc
Recent Developments in the Market:
- In May 2023, Energizer Holdings, Inc. secured USD 43 million in funding for the expansion of its battery manufacturing and packaging facilities located in Asheboro, North Carolina, USA.
- In April 2023, Apple, Inc. announced a significant ramp-up in its efforts to incorporate recycled materials into its product lineup. This includes setting a new target for 2025, aiming to utilize 100% recycled cobalt in batteries designed by Apple.
Global Consumer Electronics Batteries Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Type, Application, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Alkaline Batteries
- Lithium-ion Batteries
- Graphene Batteries
- Nickel-Cadmium Batteries
- Zinc-Carbon Batteries
- Lead-Acid Batteries
- Others
By Application:
- Smartphones
- Laptops and Tablets
- Digital Cameras
- Wearable Devices
- Medical Devices
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Consumer Electronics Batteries Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Consumer Electronics Batteries Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Consumer Electronics Batteries Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Consumer Electronics Batteries Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Consumer Electronics Batteries Market Dynamics
- 3.1. Consumer Electronics Batteries Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Proliferation of consumer electronics
- 3.1.1.2. Growing popularity of electric vehicles
- 3.1.1.3. Rising demand for portable gadgets and accessories
- 3.1.2. Market Challenges
- 3.1.2.1. Limited energy density
- 3.1.2.2. Environmental concerns
- 3.1.3. Market Opportunities
- 3.1.3.1. Miniaturization and form-factor innovation
- 3.1.3.2. Rising government support to the industry
Chapter 4. Global Consumer Electronics Batteries Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Consumer Electronics Batteries Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Consumer Electronics Batteries Market by Type, Performance - Potential Analysis
- 5.3. Global Consumer Electronics Batteries Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Consumer Electronics Batteries Market, Sub Segment Analysis
- 5.4.1. Alkaline Batteries
- 5.4.2. Lithium-ion Batteries
- 5.4.3. Graphene Batteries
- 5.4.4. Nickel-Cadmium Batteries
- 5.4.5. Zinc-Carbon Batteries
- 5.4.6. Lead-Acid Batteries
- 5.4.7. Others
Chapter 6. Global Consumer Electronics Batteries Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Consumer Electronics Batteries Market by Application, Performance - Potential Analysis
- 6.3. Global Consumer Electronics Batteries Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Consumer Electronics Batteries Market, Sub Segment Analysis
- 6.4.1. Smartphones
- 6.4.2. Laptops and Tablets
- 6.4.3. Digital Cameras
- 6.4.4. Wearable Devices
- 6.4.5. Medical Devices
- 6.4.6. Others
Chapter 7. Global Consumer Electronics Batteries Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Consumer Electronics Batteries Market, Regional Market Snapshot
- 7.4. North America Consumer Electronics Batteries Market
- 7.4.1. U.S. Consumer Electronics Batteries Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Consumer Electronics Batteries Market
- 7.5. Europe Consumer Electronics Batteries Market Snapshot
- 7.5.1. U.K. Consumer Electronics Batteries Market
- 7.5.2. Germany Consumer Electronics Batteries Market
- 7.5.3. France Consumer Electronics Batteries Market
- 7.5.4. Spain Consumer Electronics Batteries Market
- 7.5.5. Italy Consumer Electronics Batteries Market
- 7.5.6. Rest of Europe Consumer Electronics Batteries Market
- 7.6. Asia-Pacific Consumer Electronics Batteries Market Snapshot
- 7.6.1. China Consumer Electronics Batteries Market
- 7.6.2. India Consumer Electronics Batteries Market
- 7.6.3. Japan Consumer Electronics Batteries Market
- 7.6.4. Australia Consumer Electronics Batteries Market
- 7.6.5. South Korea Consumer Electronics Batteries Market
- 7.6.6. Rest of Asia Pacific Consumer Electronics Batteries Market
- 7.7. Latin America Consumer Electronics Batteries Market Snapshot
- 7.7.1. Brazil Consumer Electronics Batteries Market
- 7.7.2. Mexico Consumer Electronics Batteries Market
- 7.8. Middle East & Africa Consumer Electronics Batteries Market
- 7.8.1. Saudi Arabia Consumer Electronics Batteries Market
- 7.8.2. South Africa Consumer Electronics Batteries Market
- 7.8.3. Rest of Middle East & Africa Consumer Electronics Batteries Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Samsung SDI Co. Ltd.
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. LG Chem Ltd
- 8.3.3. Panasonic Holdings Corporation
- 8.3.4. Toshiba Corporation
- 8.3.5. Duracell Inc
- 8.3.6. Sony Corporation
- 8.3.7. Apple, Inc.
- 8.3.8. Hitachi, Ltd.
- 8.3.9. Johnson Controls International Plc
- 8.3.10. Energizer Holdings Inc
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption