Global Consumer Battery Market 2020-2024
Technavio has been monitoring the global consumer battery market and it is poised to grow by USD 18.91 bn during 2020-2024, progressing at a CAGR of 8% during the forecast period. Our reports on global consumer battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of Lithium-ion (Li-ion) batteries. In addition, advancements in flexible batteries is anticipated to boost the growth of the global consumer battery market as well.
Technavio’s global consumer battery market is segmented as below:
- North America
- South America
Key Trends for global consumer battery market growth
This study identifies advancements in flexible batteries as the prime reasons driving the global consumer battery market growth during the next few years.
Prominent vendors in global consumer battery market
We provide a detailed analysis of around 25 vendors operating in the global consumer battery market, including some of the vendors such as BYD Co. Ltd., Duracell Inc., Energizer Holdings Inc., EVE Energy Co. Ltd., Maxell Holdings Ltd., Murata Manufacturing Co. Ltd., Panasonic Corp., SAMSUNG SDI Co. Ltd., Toshiba India Pvt. Ltd., and Ultralife Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.