Disposable Batteries Market Highlights
Disposable
batteries are a type of primary batteries that contain electrochemical cells,
which store energy in an immobilized electrolyte paste to minimize the need for
water. The key advantages of these disposable batteries are their high energy
output, longer shelf life, low cost, and non-hazardous nature. They are widely
used in small and portable devices including toys, radios, watches, and
flashlights. These batteries are usually cheap and have a high energy density.
Moreover, these batteries work well in devices that require very less power
including flashlights and LED candles. The global disposable batteries market
is estimated to expand at 5.20% CAGR during the forecast period. The COVID-19
Analysis on Disposable Batteries Market is enduring an
exacting period with its robust growth coming to an abrupt halt in light of the
COVID-19 pandemic.
The
increased use of disposable batteries in daily use gadgets, the
environment-friendly nature of these batteries, and their long shelf-life are
some of the major factors that are expected to drive the global disposable
batteries market during the forecast period. Disposable batteries find
applications in daily use devices, such as wall clocks, TV remotes, radios, and
toys. The increased used of these gadgets has led to an increased demand for
disposable batteries, globally. Alkaline batteries have a shelf-life of five to
ten years compared to carbon zinc batteries whose shelf life is three to five
years. Due to its long shelf-life and environment-friendly nature, end users
prefer disposable batteries, which is expected to boost the demand for
disposable batteries.
Industry Segmentation
The
global disposable batteries market has been divided on the basis of type into
alkaline, nickel-cadmium, and others. The alkaline segment is the largest
segment in the disposable batteries market. The large market size of this
sub-segment can be attributed to its high energy density which allows the
battery to produce the same energy while lasting for a longer period. Moreover,
these batteries have a long-life span compared to other battery types.
Leading Players
Some
of the key players in the global disposable batteries market are Duracell
Batteries Ltd (US), Energizer Battery, Inc. (US), Panasonic Corporation
(Japan), GP Batteries Intl (Singapore), Everyday Battery Company (US), Rayovac
(US), Nbcell Battery (China), Battco (US), Sony (Japan), Southwest Electronic
Energy Group (US), and Liebherr Group (Switzerland).
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.
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