Global Consumer Batteries Market Report 2022-2026: Nickel Metal Hydride (NiMH) - A Mature Technology, Yet Strong in Consumer Applications

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Mar 29, 2022, 15:15 ET

DUBLIN, March 29, 2022 /PRNewswire/ -- The "Consumer Batteries - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Consumer Batteries Market to Reach $52.5 Billion by 2026

The global market for Consumer Batteries estimated at US$39.9 Billion in the year 2020, is projected to reach a revised size of US$52.5 Billion by 2026, growing at a CAGR of 4.2% over the analysis period.

Demand for batteries in the consumer market comes from the need to power various consumer electronic applications, such as home electronics, mobile devices, hearing aids, video game controls, cordless phones, camcorders, and cameras among others.

Primary Alkaline Batteries, one of the segments analyzed in the report, is projected to grow at a 3.3% CAGR to reach US$13.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Primary Zinc Carbon segment is readjusted to a revised 1.1% CAGR for the next 7-year period. This segment currently accounts for a 5.8% share of the global Consumer Batteries market.

The U.S. Market is Estimated at $11.4 Billion in 2021, While is Forecast to Reach $10.3 Billion by 2026

The Consumer Batteries market in the U.S. is estimated at US$11.4 Billion in the year 2021. The country currently accounts for a 27.04% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$10.3 Billion in the year 2026 trailing a CAGR of 6.6% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR while Rest of European market (as defined in the study) will reach US$10.7 Billion by the end of the analysis period.

Trends, such as miniaturization and digitalization of consumer electronic products, have greatly influenced product design and powering capacity of consumer batteries. Another important factor which of late is influencing demand for batteries is product safety and environmental sustainability.

Reflective of the fact is the growing global momentum towards banning of hazardous substances, such as mercury, cadmium, and lead from batteries. Already armed with the growing knowledge of harmful impact of batteries, certain regions such as Europe, have formulated directives, which restrict the usage of hazardous components like cadmium in batteries.

Therefore, it is not surprising that in the coming years, battery chemistries such as Nickel-cadmium (Ni-Cd), would witness lackluster growth, particularly in the developed markets, where environmental concerns are gaining paramount attention among consumer groups and manufacturers alike.

Primary Lithium Segment to Reach $5 Billion by 2026

Primary lithium batteries offer high performance in a range of temperatures, and a low rate of self-discharge enabling continuous delivery of voltage. Primary lithium batteries are used as a substitute to a host of other batteries, such as zinc-carbon, manganese-alkali, and zinc-silver oxide, due to their improved performance. Primary lithium batteries are also available in numerous form factors, such as coin, cell, prismatic and film.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Battery: An Introduction
Evolution of Battery over the Years: A Snapshot
Major Applications in Conjunction with Historical Developments
Consumer Batteries: Designed to Power Small, Portable Devices
Widely Used Consumer Batteries by Size: A Snapshot
A Brief Overview of Key Consumer Battery Types by Chemistry
Primary Alkaline Batteries
Primary Zinc Carbon (Zn-C) Batteries
Primary Lithium Batteries
Secondary Lithium Ion Batteries
A Comparative Review of Key Properties of Different Li-ion Batteries
Li-Ion vs Ni-MH vs Ni-Cd: Key Technical Aspects
Secondary Nickel-Metal Hydride (Ni-MH) Batteries
Other Types
Consumer Batteries: Current Market Scenario and Outlook
Emerging Technologies Offer Growth Opportunities
Market Dynamics Influenced by Economic Scenario
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS (Total 112 Featured)

BYD Company Ltd. (China)
Battery Technology Inc. (USA)
Duracell Inc. (USA)
E-One Moli Energy Corp. (Taiwan)
Electrochem Automation Inc.
Energizer Holdings, Inc. (USA)
FDK Corporation (Japan)
GPB International Limited (Hong Kong)
Highpower International Inc. (China)
Jiangmen TWD Technology Co., Ltd. (China)
LG Chem (South Korea)
Maxell Holdings, Ltd. (Japan)
Murata Manufacturing Co. Ltd. (Japan)
Panasonic Corporation (Japan)
Samsung SDI Co. Ltd. (South Korea)
Spectrum Brands, Inc.
Tohoku Murata Manufacturing Co., Ltd.
Tronic Technology Global Ltd.
Ultralife Corporation (USA)
VARTA Consumer Batteries GmbH & Co. KGaA

3. MARKET TRENDS & DRIVERS

Smartphones
Milestones in Mobile Phone Battery Domain: A Snapshot
Average Battery Life of Select Latest Smartphone Models
Tablet PCs
Laptop PCs
Milestones in Laptop Battery Domain: A Snapshot
Bluetooth Wireless Consumer Electronic Accessories
Range of Bluetooth Devices by Class
Wearables
Recent Advancements in Wearable Device Battery Domain: A Snapshot
Consumer Drones
Recent Advancements in Consumer Drone Battery Domain: A Snapshot
Booming Digital World Spells Opportunities for Consumer Batteries
Social Media and Social Networking
Online Video Gaming
Voice over Internet Protocol (VoIP)
Smart Home and Home Automation Instigate New Line of Opportunities
SEGMENTAL PERSPECTIVE
Lithium Ion (Li-Ion) Emerges as Major Product Category within the Consumer Batteries Market
Bright Prospects Ahead for Consumer Li-Ion Battery Market
Declining Trend in Battery Prices Amplifies Demand Growth
Raw Material Dynamics Favor Progressive Momentum
Lithium Content (in Gram) in Consumer Batteries by Battery Type
Li-Ion Battery: Leading Materials Suppliers
Increased R&D Investments Spur Market Momentum
Addressing Challenges: Need of the Hour
Need to Resolve Flaws in Lithium-ion Batteries
Issues Impeding Growth
Alkaline: Major Primary Consumer Battery Type
Stable Growth on the Cards for Alkaline Batteries Market
Zinc-Carbon Battery Segment Continues to Sustain Demand
Primary Lithium Batteries Exhibit Faster Growth
Nickel Metal Hydride (NiMH): A Mature Technology, Yet Strong in Consumer Applications
Fading Demand for NiCd Batteries
Zinc Air Batteries: An Insight
Aluminum-Air Batteries Seek Opportunities
Lithium Polymer Battery Emerge as New High Growth Variant
Futuristic Battery Technology Trends Augur Well for Market Expansion
Pre-Charged Ready-to-Use Rechargeable Batteries Enthuse Consumers
Curved Batteries Gaining Heightened Attention
New Generation Smart Power Batteries Emerge in the Market
Longer Lasting Batteries Come to the Fore
Eco-Friendly Green Batteries: The New Flavor
Product Innovations & Advancements Widen Business Prospects for Consumer Batteries Market
Battery Chemistry Improvements Augment Innovations & Advancements
Manufacturing Process Improvements Strengthen R&D Programs
Nanotechnology Steps In to Create a Difference in the Battery Making
Continued Efforts to Develop Advanced Li-ion Batteries with High Density, Low Footprint, and Quick Charge Features
Carbon Electrodes Aid in Development of High Performance Batteries
New Approach for Manufacturing Semisolid Li-ion Battery
Innovative Battery Technology from Amprius
GBatteries BatteryBox with 50Whr Backup Capacity
Li-ion Battery with Lithium Borohydride Designed in Japan
Wearables Amplify the Need for Consumer Battery Innovations
Inbuilt Power Sources for Wearable Devices to Transform Existing Approaches
Infusion of New Materials Augments Battery Improvements
A Note on World Battery Materials Market
Select Consumer Battery Innovations and Launches
Battery Recycling Market Exhibiting Stable Growth
Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
Rapid Growth in Urban Households
Growing Affluence of Middle Class Consumer Segment
Rising Living Standards
Issues & Challenges
Development of Energy-Dense, Affordable Consumer Battery Remains Elusive
Constraints and Challenges on the Path of Innovations
Competition from Emerging Battery Technologies
Portable Fuel Cell Batteries
Biofuel Cell
Super Charge Ion Battery (SCiB)
Prevalence of Unorganized Players
Counterfeit Products
Declining Margins