Global Battery Market for Consumer Products 2017-2021

Overview of the global battery market for consumer products market

Research analysis on the global battery market for consumer products identifies that the increased demand from consumer electronics market will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of close to 10% by 2021. The growing disposable income and decreasing prices of consumer electronics products due to continuous technological improvements will drive the popularity of the consumer electronics market. Moreover, the rise in the standard of living in developing countries such as India, Japan, and China and the increase in per capita income or average earnings has improved abruptly in these countries. Innovative technologies in the consumer electronics segment are propelling the growth prospects of the market. The increase in demand for consumer electronics products will drive the growth of the battery market for consumer electronics products during the forecast period.

The declining Lithium-ion battery prices will be one of the latest trends that will contribute to the growth of this market. The Li-ion batteries are gaining wide popularity and is flourishing in the battery market. The key vendors in Li-ion battery manufacturing are working on technological improvements and are looking at lowering the prices of Li-ion batteries. For instance, Tesla, an American based energy Storage and Automotive Company, announced that it will lower the cost of Li-ion batteries to after the commissioning of Tesla's Gigafactory. As the application rates for Li-ion batteries are increasing, companies are coming up with Li-ion batteries for different applications such as Li-ion batteries for industrial applications, telecom towers, and consumer electronics that will drive the growth of the battery market for consumer products.

Competitive landscape and key vendors  

The battery market for consumer products consists of many vendors globally. High investments and the introduction of innovative technologies in the smart wearables battery market is expected to increase the competition levels among the players. For larger market share, the companies are increasingly adopting acquisitions and partnerships as major strategies with effective product launches.

The leading vendors in the market are ?

• Guangzhou Fengjiang Battery New Technology
• LG Chem
• Panasonic
• SAMSUNG SDI
• Toshiba

The 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.

Segmentation by application and analysis of the battery market for consumer products

• Smartphones
• Laptops
• Power banks

During 2016, the smartphones application segment accounted for the major shares of the battery market for consumer products. New smartphone launches from key vendors, rise in the shipment numbers, and growing adoption of smartphones worldwide will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the battery market for consumer products

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the battery market for consumer products throughout the forecast period. The high research activities, increased investments in the battery market, and a large number of tech savvy population will drive the growth of the market in the region. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global battery market for consumer products?
• What are the key market trends impacting the growth of the global battery market for consumer products?
• What are the challenges to market growth?
• Who are the key vendors in the global battery market for consumer products?
• What are the market opportunities and threats faced by the vendors in the global battery market for consumer products?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global battery market for consumer products?

Technavio also offers customization on reports based on specific client requirement.

This new report by Technavio on the global battery market for consumer products is an essential part of the energy portfolio under the fast-growing subdivision like energy storage. This report aims at reckoning the major trends and market drivers that induce the growth of the energy storage industry. Development of next-generation batteries and improvements in wearable battery technology are the major trends in this industry according to our Technavio's market research experts.

Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape. Moreover, vendors like SONY, Panasonic, and LG Chem are covered under this upcoming industry research report on the global battery market for consumer products.

Declining Lithium-ion battery prices and growing consumer electronics market are factors which may influence the demand for battery market for consumer products in the coming years as predicted by our market specialists. Furthermore, geographies like the Americas, APAC, and EMEA are covered by this report on the global battery market for consumer products to offer clients the scope to identify potential market opportunities and expand in niche markets.

The upcoming industry report on the global battery market for consumer products also offers insights into the challenges faced by this industry like the widening lithium supply demand gap and stagnation in the PC market. Technavio also provides insights into the sectors such as water and waste management and power.

Our market research methodology for the battery market for consumer products

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.