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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