Disposable Batteries Market Scope The global market for disposable batteries 2020 can progress at a decent rate of 5.20% over the forecast period (2018 to 2023), as per the latest offering by Market Research Future (MRFR). Market Drivers and Key Barriers Over the year, electronic gadgets have witnessed a sharp rise in their use, leading to a favorable environment for the expansion of the disposable batteries market. Since batteries are an important component of most of the consumer electronics goods, the rising demand for electronic gadgets is expected to facilitate market growth in the coming years. Dry cell batteries are enjoying massive demand in rural areas, given the unlimited and fluctuating electric supplies. Disposable batteries are small, have a longer shelf life, portable, and are non-hazardous, all of which boost their demand in the global market. Massive influx of investments within the disposable battery space by leading companies is bound to generate strong market demand in the following years. Vigorous research and development (R&D) activities are being carried out by leading manufacturers, which can help expand the Disposable Battery Market size in the coming years. The eco-friendly nature of disposable batteries, as well as their long shelf-life, can be some major growth boosters in the market. These kinds of batteries also find extensive applications in daily use devices, like TV remotes, wall clocks, toys, and radios. The increased use of these gadgets has led to the rapid growth of the disposable batteries industry. Market Segmentation The global market for disposable batteries has been analyzed on the basis of segments like type and end-use. The types of disposable batteries are alkaline and nickel-cadmium, wherein the alkaline subsegment can take the lead in the global market during the appraisal period. The segment’s lead in the market is the result of an alkaline battery’s high energy density that helps produce energy consistently over an extended period. Also, these types of disposable batteries have a longer life span than other battery types. The significant end-use-based segments covered in the report are Consumer Electronics, Industrial, Automotive, Medical, Military & Defense, and others. The consumer electronics segment is the largest in the market, on account of the increasing use of daily use gadgets across the globe. Regional Outlook North America, Asia-Pacific (APAC), Europe, the Middle East & Africa, and South America are included in the regional segmentation of the disposable batteries market.
APAC is the fastest expanding market for disposable batteries and was found to be the largest market as well, in 2017. The projections are that the region will remain at the top in the years to come, mostly due to the rising demand for consumer electronics in emerging countries like India, China, and Japan. The market is also backed by the increasing disposable income of the consumers in the developed countries along with the fast-paced expansion of a variety of industries in the region. In North America, most of the well-known players are making sizeable investments in the disposable battery space for the advancement of technology. Bio-based disposable batteries have emerged as one of the most revolutionary inventions in the region. Rapidly expanding industries like consumer electronics, military, automotive and others are generating high demand for disposable batteries, which can result in market expansion in the region during the review period. Also, the large number of renowned companies in the region are constantly working on developing highly developed products that cater to the demand of the end-users in the region. Renowned Players The most prominent companies that are shaping the worldwide market for disposable batteries include Energizer Battery, Inc. (U.S), Southwest Electronic Energy Group (US), Rayovac (US), Liebherr Group (Switzerland), Duracell Batteries Ltd (US), Nbcell Battery (China), Battco (US), Sony (Japan), Everyday Battery Company (US), GP Batteries Intl (Singapore), Panasonic Corporation (Japan), to mention a few. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future +1 646 845 9312 Email: sales@marketresearchfuture.com