Disposable
Batteries Market Analysis
Market
Research Future (MRFR) has recently published an exhaustive report on the
global disposable batteries market. MRFR has projected a CAGR of 5.20% over the
forecast period of 2018-2023. The Disposable
Batteries Market report contains valuable insights into the market,
which are supported by historical data as well as forecasts for the coming
years. Disposable batteries, also known as dry batteries, are non-rechargeable
batteries with high energy density and an extended life span. In these
batteries, the cathode and anode are made of manganese oxide zinc powder,
respectively. Their electrolytes are made of potassium hydroxide.
Disposable
batteries convert stored chemical energy into electrical energy. The chemical
reactions in disposable batteries are not reversible, and hence, they cannot be
recharged. Disposable batteries stop producing current when the supply of
reactants in the battery is exhausted. Disposable batteries are suitable for
portable equipment.
In
recent years, the use of electronic gadgets has witnessed a steep surge,
creating a favorable environment for the growth of the disposable batteries
market. Batteries are central to the use of many consumer electronics goods.
Dry cell batteries experience huge demand from rural areas where continuous and
unlimited electric supplies are not available. Disposable batteries are
portable, small, have a longer shelf life, and are non-hazardous. Large influx
of investments in the disposable battery space by market players signal future
expansion of the disposable battery market. Aggressive R&D activities are
being carried out to further develop disposable battery technology.
Global
Disposable Batteries Industry Segmentation
The
disposable
batteries industry has been segmented based on type and end-use.
By
type, the disposable batteries market has been segmented into alkaline,
nickel-cadmium, and others. The alkaline segment is leading the market. The
growth of the segment can be credited to the high energy density of alkaline
disposable batteries, which allows them to produce massive amounts of energy
for a prolonged period. Moreover, longer life span also acts as an advantage.
By
end-use, the disposable batteries market has been segmented into consumer electronics,
automotive, industrial, medical, military & defense, and others. The
consumer electronic segment is leading the market on account of surging use of
disposable batteries in daily use gadgets.
Key
Players
Battco
(US), Liebherr Group (Switzerland), Rayovac (US), Nbcell Battery (China), GP
Batteries Intl (Singapore), Panasonic Corporation (Japan), Southwest Electronic
Energy Group (US), Everyday Battery Company (US), Energizer Battery, Inc. (US),
Sony (Japan), and Duracell Batteries Ltd (US) are the key players in the
disposable batteries market.
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.
Related
Reports:
No comments:
Post a Comment