Disposable Batteries Market Recent Developments, Current Industry Trends and Forecast to 2023


Posted September 20, 2019 by DhanashreePawar

Disposable Batteries Market is expected to grow at 5.20% CAGR during the forecast period, The Global Disposable Batteries Market Shares segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa.

 
Disposable Batteries Market Highlights

Disposable batteries are a type of primary batteries that contain electrochemical cells, which store energy in an immobilized electrolyte paste to minimize the need for water. The key advantages of these disposable batteries are their high energy output, longer shelf life, low cost, and non-hazardous nature. They are widely used in small and portable devices including toys, radios, watches, and flashlights. These batteries are usually cheap and have a high energy density. Moreover, these batteries work well in devices that require very less power including flashlights and LED candles. The global disposable batteries market is estimated to expand at 5.20% CAGR during the forecast period.

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The increased use of disposable batteries in daily use gadgets, the environment-friendly nature of these batteries, and their long shelf-life are some of the major factors that are expected to drive the global disposable batteries market during the forecast period. Disposable batteries find applications in daily use devices, such as wall clocks, TV remotes, radios, and toys. The increased used of these gadgets has led to an increased demand for disposable batteries, globally. Alkaline batteries have a shelf-life of five to ten years compared to carbon zinc batteries whose shelf life is three to five years. Due to its long shelf-life and environment-friendly nature, end users prefer disposable batteries, which is expected to boost the demand for disposable batteries.

Industry Segmentation

The global disposable batteries market has been divided on the basis of type into alkaline, nickel-cadmium, and others. The alkaline segment is the largest segment in the disposable batteries market. The large market size of this sub-segment can be attributed to its high energy density which allows the battery to produce the same energy while lasting for a longer period. Moreover, these batteries have a long-life span compared to other battery types.

Leading Players

Some of the key players in 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).

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Regional Outlook

Region wise, in 2017, Asia-Pacific held the largest market share of the global disposable batteries market. It is estimated that Asia-Pacific would be the largest market during the forecast period, owing to the increasing demand for consumer electronics products in countries, such as India, China, US, and Japan.

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps study the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global Disposable Batteries Market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis

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Issued By MRFR
Country India
Categories Business , Energy
Tags disposable batteries market , disposable batteries market analysis , disposable batteries market future scope
Last Updated September 20, 2019