Global Battery for Consumer Products Market Research Report 2021

Batteries are used to store energy and utilizing them at times of blackouts, power shortages, or when the demand for electricity is high. Lithium-ion (Li-ion) and lead-acid batteries are most extensively utilized in automotive and motive industries. Li-ion batteries are rechargeable batteries in which Li-ion acts as a cathode and carbon serves as an anode. These batteries have a good electrochemical performance with little resistance. The advantages of using these batteries are that they increase thermal stability, have higher current density, and have a longer shelf life when compared with other battery technologies available in the market. Li-ion batteries are used in high-power applications such as hybrid electric vehicles (HEVs), electric vehicles (EVs), and consumer electronics devices.
Rising popularity of portable electronic devices; growing adoption of rechargeable batteries; increase in consumer income levels, specifically in emerging markets; ever-increasing end-use device markets; and growing popularity of Lithium polymer batteries in applications such as mobile phones and low price are the key factors driving growth in the global consumer batteries market. The growing disposable income and decreasing prices of consumer electronics products caused by technological improvements is estimated to drive the popularity of the consumer electronics market. The declining Lithium-ion battery prices will be one of the latest trends that will contribute to the growth of this market. the America is expected to be the major revenue contributor to the battery market for consumer products throughout the forecast period.

The global Battery for Consumer Products market was valued at US$ 49820 million in 2019 and is expected to reach US$ 98140 million by the end of 2026, growing at a CAGR of 10.0% during 2021-2026.
This report focuses on Battery for Consumer Products volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Battery for Consumer Products market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Global Battery for Consumer Products Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Li-Ion Batteries
Lead Acid Batteries
Nickel Batteries

Segment by Application
Smartphones
Laptops
Power Banks

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Guangzhou Fengjiang Battery New Technology
LG Chem
Panasonic
SAMSUNG SDI
Toshiba