Disposable Batteries Market: Alkaline-Type batteries to remain the most used batteries in coming years
Category: Clean Energy & Power Published Date : October 2022 ID: CVC-00220 Format: PDF Pages: 270
Disposable Batteries Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Disposable Batteries Market was worth US$ 10,900.0 Mn and is expected to grow at a CAGR of 5.1% over the forecast period. The market is expected to hit US$ 18,000.0 Mn by 2032 end.
Disposable batteries turn electrical energy from chemical energy that has been saved. Because the chemical processes in throwaway batteries are irreversible, they are not rechargeable. When the battery’s supply of reactants runs out, disposable batteries stop generating current. For portable devices, disposable batteries work well.
The global market for disposable batteries has grown due to the enormous rise in the usage of electronic devices in recent years. The use of these batteries in various consumer electronics products is in considerable demand.
Market participants are significantly putting money into disposable battery R&D to create more sophisticated and environmentally friendly batteries.
EXTENSIVE APPLICATIONS IN ELECTRONIC GADGETS FUEL THE MARKET FOR DISPOSABLE BATTERIES
The market for disposable batteries has expanded tremendously worldwide. It is because commonplace products like wall clocks, radios, toys, and remote controls use it. The need for disposable batteries has increased worldwide due to the increasing use of smart gadgets in recent years. The industry is anticipated to expand quickly over the coming years.
Their extended lifespan is largely driving the expansion of the global market for disposable batteries. Because disposable batteries are less expensive than rechargeable batteries, consumers prefer them. Rechargeable batteries are substantially more costly since they may be recharged several times. Reduced disposable battery prices are anticipated to drive the disposable battery market throughout the projected period.
STRINGENT GOVERNMENTAL REGULATIONS & ENVIRONMENTAL CONCERNS HAMPER THE MARKET GROWTH
The worldwide market for disposable batteries is anticipated to see restraint over the projected period due to rising environmental consciousness. These batteries are only ever used once before being disposed of in landfills. Disposable batteries are dangerous to garbage since they are made of powerful acids and heavy metals. Globally, governments are enforcing strict regulations for the disposal of hazardous waste. Thus, throughout the forecast period, the worldwide market for disposable batteries is anticipated to see restraint due to a rise in environmental consciousness.
Market Segments Covered in Report
By Region and Country:
Why are alkaline Type Disposable Batteries projected to have the larger market share?
In 2021, the alkaline category accounted for 74.5% of the market. Alkaline disposable batteries have a longer lifespan than other types of batteries, which lowers their cost and contributes to the segment’s development. Additionally, alkaline batteries are more than five times as efficient as their forerunner, zinc-carbon batteries. Alkaline batteries can also last up to eight times longer than traditional dry cells. These elements are fueling this market segment’s rise for disposable batteries.
Which application segment is expected to expand the fastest during the forecast period?
In 2021, the Consumer Electronics market category accounted for 34.8% of the total market. The market expansion for disposable batteries in this sector is driven by the rising demand for them for use in different electronic devices, including TVs, air conditioners, computers, and laptops. The consumer electronics market is also being driven by the rising popularity of consumer electronics and the extended lifespan and mobility of throwaway batteries.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Leading industry participants in the disposable battery market have made considerable investments in technological development. Disposable batteries made of biomaterials are groundbreaking. The need for these batteries has grown due to voltage, energy density, and leakage resistance advancements.
Some of the key developments that have taken place in the Disposable Batteries Market include:
A list of some of the key suppliers present in the market are:
Global Disposable Batteries Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, End-User, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|