Market Size of Asia-Pacific Consumer Battery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Consumer Battery Market Analysis
The Asia-Pacific consumer battery market is expected to grow at a CAGR of more than 4.6% over the period of 2020-2025. The advancement in technologies, the price of consumer goods has witnessed a substantial reduction, making it more accessible to the consumer and increase in disposable income among households in emerging economics and procurement of consumer electronic devices at a proficient rate will surge the demand of consumable electronics such as tablets, smartphones, etc. This, in turn, is expected to drive the consumer battery market in the region during the forecast period. However, most of the batteries available in the market are not environment friendly and some restrictions in their transportation are one of the major factors the growth of the Asia-Pacific consumer battery marker in the near future.
- The lithium-ion battery is expected to dominate the market due to its high electrode potential, high charge, and favorable capacity-to-weight ratio during the forecast period.
- The healthcare industry is designing new technology that is less intrusive and more portable for home use, which has, in turn, led to an increase in demand for smaller devices, such as continuous positive airway pressure (CPAP) machines and oxygen concentrators and creating market opportunities for consumer battery manufacturers.
- China is expected to dominate the market with majority of the demand coming from across the nation and rising commercial office spaces and small-scale vendors.
APAC Consumer Battery Industry Segmentation
The Asia-Pacific consumer battery market report includes:
| Technology Type | |
| Lithium-ion Batteries | |
| Alkaline Batteries | |
| Zinc-Carbon Batteries | |
| Others |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
Asia-Pacific Consumer Battery Market Size Summary
The Asia-Pacific consumer battery market is poised for significant growth, driven by advancements in technology and increasing disposable incomes in emerging economies. The proliferation of consumer electronic devices, such as smartphones and tablets, is expected to boost demand for batteries in the region. However, environmental concerns and transportation restrictions pose challenges to market expansion. Lithium-ion batteries are anticipated to dominate the market due to their high efficiency, favorable capacity-to-weight ratio, and safety features, making them the preferred choice for portable consumer electronics. The healthcare sector's shift towards less intrusive and more portable devices is also creating new opportunities for battery manufacturers.
China is expected to maintain its dominant position in the consumer battery market, supported by its robust manufacturing capabilities and growing demand for consumer electronics. The country's rise as a manufacturing powerhouse, coupled with increased shipments of devices like smartwatches and wearable health monitors, is set to drive market growth. The rapid evolution in consumer electronics, alongside the high number of active wireless subscribers, further underscores the demand for lithium-ion batteries. The market is moderately fragmented, with key players such as PolyPlus Battery Company Inc, Samsung SDI Co. Ltd, LG Chem Ltd, VARTA Consumer Batteries GmbH & Co. KGaA, and Panasonic Corporation playing significant roles in shaping the industry's landscape.
Asia-Pacific Consumer Battery Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Technology Type
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2.1.1 Lithium-ion Batteries
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2.1.2 Alkaline Batteries
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2.1.3 Zinc-Carbon Batteries
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2.1.4 Others
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2.2 Geography
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2.2.1 China
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2.2.2 India
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2.2.3 Japan
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2.2.4 South Korea
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2.2.5 Rest of Asia-Pacific
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Asia-Pacific Consumer Battery Market Size FAQs
What is the current Asia-Pacific Consumer Battery Market size?
The Asia-Pacific Consumer Battery Market is projected to register a CAGR of greater than 4.60% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Consumer Battery Market?
PolyPlus Battery Company Inc, Samsung SDI Co. Ltd, LG Chem Ltd, VARTA Consumer Batteries GmbH & Co. KGaA and Panasonic Corporation are the major companies operating in the Asia-Pacific Consumer Battery Market.
