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Global Battery Market for Consumer Products 2017-2021

Global Battery Market for Consumer Products 2017-2021

About Battery Market for Consumer Products

Batteries are used to store energy and utilizing them at times of blackouts, power shortages, or when the demand for electricity is high. Batteries are basically divided into lead-acid, lithium, and others. Batteries are used in automobiles, electronics, golf carts, and forklifts, among others. Lithium-ion (Li-ion) and lead-acid batteries are most extensively utilized in automotive and motive industries. Li-ion batteries are rechargeable batteries in which Li-ion acts as a cathode and carbon serves as an anode. These batteries have a good electrochemical performance with little resistance. The advantages of using these batteries are that they increase thermal stability, have higher current density, and have a longer shelf life when compared with other battery technologies available in the market. Li-ion batteries are used in high-power applications such as hybrid electric vehicles (HEVs), electric vehicles (EVs), and consumer electronics devices.

Technavio’s analysts forecast the global battery market for consumer products market to grow at a CAGR of 9.85% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global battery market for consumer products market for 2017-2021. To calculate the market size, the report considers the new sales of batteries for consumer goods (smartphones, laptop, power banks, tablets, smart wearables) market and do not include the aftermarket.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Battery Market for Consumer Products 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Guangzhou Fengjiang Battery New Technology
  • LG Chem
  • Panasonic
  • SAMSUNG SDI
  • Toshiba
Other prominent vendors
  • Accutronics
  • Amperex Technology
  • Batteries and Power Solutions
  • Blue Spark Technologies
  • BrightVolt
  • BYD
  • BAK GROUP
  • Cymbet
  • DNK Power
  • Front Edge Technology
  • FUJICELL
  • IMPRINT ENERGY
  • Infineon Technologies
  • ProLogium Technology
  • Tianjin Li Shen Battery
  • VARTA Microbattery
Market driver
  • Enhanced consumer spending
  • For a full, detailed list, view our report
Market challenge
  • Widening lithium supply-demand gap
  • For a full, detailed list, view our report
Market trend
  • Declining Li-ion battery prices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Battery Market for Consumer Products 2017-2021

Technavio recognizes the following companies as the key players in the global battery market for consumer products market: Guangzhou Fengjiang Battery New Technology, LG Chem, Panasonic, SAMSUNG SDI, and Toshiba

Other Prominent Vendors in the market are: Accutronics, Amperex Technology, Batteries and Power Solutions, Blue Spark Technologies, BrightVolt, BYD, BAK GROUP, Cymbet, DNK Power, Front Edge Technology, FUJICELL, IMPRINT ENERGY, Infineon Technologies, ProLogium Technology, Tianjin Li Shen Battery, and VARTA Microbattery.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Declining Li-ion battery prices. The Li-ion battery market is gaining momentum and is proliferating in the battery market. The factor that differentiates between Li-ion battery technology and other battery technology is the price. The price of Li-ion batteries is usually high when compared with other batteries. However, leading vendors in Li-ion battery manufacturing are working on technological advances and trying to reduce the prices of Li-ion batteries.”

According to the report, one of the major drivers for this market is Enhanced consumer spending. Rising urbanization and increase in the amount of earnings in one family have led to the upsurge in disposable income worldwide. This rise in urbanization has led to increased awareness among end-users about various consumer products and their benefits. Consumer spending is a substantial economic factor as it generally matches with the total consumer confidence in a nation’s economy. High consumer confidence indicators naturally relate to higher levels of consumer spending in the economic market.

Further, the report states that one of the major factors hindering the growth of this market is Widening lithium supply-demand gap. The lithium market is facing a deficit owing to growing demand, which is expected to continue during the forecast period. The market is experiencing tremendous demand from the EV battery sector. According to the IEA, the electric car stock increased from few hundreds in 2005 to more than 1 million in 2015, leading to high demand for lithium as it is majorly used as batteries to power electric vehicles. This sudden high demand for lithium has resulted in a supply deficit in the market.

Companies Mentioned

Guangzhou Fengjiang Battery New Technology, LG Chem, Panasonic, SAMSUNG SDI, Toshiba, Accutronics, Amperex Technology, Batteries and Power Solutions, Blue Spark Technologies, BrightVolt, BYD, BAK GROUP, Cymbet, DNK Power, Front Edge Technology, FUJICELL, IMPRINT ENERGY, Infineon Technologies, ProLogium Technology, Tianjin Li Shen Battery, VARTA Microbattery

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Global battery market: Overview
      • Table Li-ion battery structure
  • Market landscape
    • Market overview
      • Table Global battery market for consumer products
    • Market size and forecast
      • Table Global battery market for consumer products 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global battery market for consumer products by application
      • Table Global battery market for consumer product by application 2016 and 2021 (%)
      • Table Global battery market for consumer product by application 2016-2021 ($ billions)
    • Global battery market for consumer products by smartphones application
      • Table Global battery market for consumer products by smartphones application 2016-2021 ($ billions)
    • Global battery market for consumer products by laptops application
      • Table Global battery market for consumer products by laptops application 2016-2021 ($billions)
    • Global battery market for consumer products by power banks application
      • Table Global battery market for consumer products by power banks application 2016-2021($ billions)
  • Geographical segmentation
    • Global battery market for consumer products by geography
      • Table Global battery market for consumer products by geography 2016 and 2021 (%)
      • Table Global battery market for smart wearables by geography 2016-2021 ($ billions)
    • Battery market for consumer products in the Americas
      • Table Battery market for consumer products in the Americas 2016-2021 ($ billions)
    • Battery market for consumer products in APAC
      • Table Battery market for consumer products in APAC 2016-2021 ($ billions)
    • Battery market for consumer products in EMEA
      • Table Battery market for consumer products in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global disposable income and expenditure indices 2010-2016
      • Table Global consumer electronics indexed product price trend 2011-2015
    • Market challenges
  • Market trends
    • Declining Li-ion battery prices
      • Table Indexing of Li-ion battery prices 2010-2017
    • Evolution of next-generation batteries
      • Table Global next-generation battery market by consumer electronics 2015-2020 ($ millions)
    • Enhancements in wearable battery technology
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • Guangzhou Fengjiang Battery New Technology
      • Table Guangzhou Fengjiang Battery New Technology: Key products
    • LG Chem
      • Table LG Chem: Key Products
    • Panasonic
      • Table Panasonic: Key news
    • SAMSUNG SDI
      • Table Samsung SDI: Key products
    • Toshiba
      • Table Toshiba: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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