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 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.
After a while, the reaction created during energy production corrodes the anode
and prevents further reactions, resulting in a dead battery. End users prefer
these batteries as they are convenient to use and are less expensive compared
to rechargeable batteries.
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Industry Highlight
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.
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.
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
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.
Disposable Batteries Market Segmentation
The
disposable batteries market 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.
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.
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 Analysis
Region-wise,
the disposable batteries market has been segmented into North America, the
Middle East & Africa (MEA), South America, Asia Pacific (APAC), and Europe.
APAC
captured the largest share of the market in 2017 and is anticipated to be the
fastest-growing disposable market as well. High sales of consumer electronics
products in the region has spurred the demand for disposable batteries. China
and Vietnam are at the forefront of disposable batteries market as they produce
batteries at less cost.
Industry Updates
February 2019 - Duracell, a leading producer of batteries and smart power systems,
launched a new alkaline battery, Duracell Ultra. The battery is claimed to
provide up to 100 percent more power, which is being facilitated by its
optimized design. It is a perfect fit for power-hungry devices.
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Report at: https://www.marketresearchfuture.com/reports/disposable-batteries-market-7587
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