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Base Year
Historical Year
Forecast Year
The global electronic consumer device battery market reached a value of nearly USD 14.00 billion in 2023. The market is estimated to grow at a CAGR of 16.4% between 2024 and 2032 to attain around USD 54.92 billion by 2032.
Global Electronic Consumer Device Battery Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 14.00 |
Market Size 2032 | USD Billion | 54.92 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 16.4% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 21.2% |
CAGR 2024-2032 - Market by Country | India | 24.4% |
CAGR 2024-2032 - Market by Country | China | 20.3% |
CAGR 2024-2032 - Market by Product Type | Lithium-Ion Batteries | 18.0% |
CAGR 2024-2032 - Market by Application | Smartphones | 18.5% |
Market Share by Country 2023 | USA | XX% |
The electronic consumer device battery market value is increasing amid the increasing demand for consumer electronics such as laptops, smartphones, smart home solutions, and fitness trackers, among others. The growing trend of miniaturisation of consumer electronics is also aiding the market growth. Hence, key players in the market are investing to drive advancements in battery technology and develop durable and compact batteries.
The rising manufacturing of consumer electronics, especially in developing countries such as India and China, is driving the development of lithium-ion battery technology with improved capacity and safety. Moreover, silver-oxide batteries are increasingly used in watches, wearables, and cameras due to their leakage resistance, excellent energy density, high performance, and flammability.
CAGR 2024-2032 - Market by | Product Type |
Lithium-Ion Batteries | 18.0% |
Nickel-Metal Hydride Batteries | 17.4% |
Lead-Acid Batteries | 15.7% |
Others | 14.8% |
CAGR 2024-2032 - Market by | Application |
Smartphones | 18.5% |
Laptops | 17.5% |
Tablets | 16.7% |
Wearables | 15.7% |
Others | 14.8% |
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 21.2% |
Middle East and Africa | 17.7% |
Latin America | 15.6% |
North America | 13.5% |
Europe | 12.6% |
The global market is expected to see remarkable growth in several key countries from 2024 to 2032. India is poised to lead with a staggering CAGR of 24.4%, reflecting the country's booming consumer electronics market and increasing demand for advanced battery technologies. China follows closely with a CAGR of 20.3%, driven by its large manufacturing base and high consumption of electronic devices.
The electronic consumer device battery industry in Saudi Arabia, with a CAGR of 18.6%, and Brazil, at 17.9%, are also expected to contribute significantly to the market, supported by rising consumer spending and expanding tech infrastructure. Canada and Mexico are forecasted to grow at CAGRs of 15.5% and 15.3%, respectively, owing to the rising adoption of electronic devices and technological advancements.
The UK, Australia, and the USA will also see substantial growth with CAGRs of 15.0%, 14.5%, and 13.4%, respectively, due to ongoing innovations and strong market presence of leading manufacturers. The electronic consumer device battery demand in Japan, Germany, France, and Italy is projected to grow steadily, further highlighting the global expansion and robust demand in the electronic consumer device battery market.
CAGR 2024-2032 - Market by | Country |
India | 24.4% |
China | 20.3% |
Saudi Arabia | 18.6% |
Brazil | 17.9% |
Canada | 15.5% |
Mexico | 15.3% |
UK | 15.0% |
Australia | 14.5% |
USA | 13.4% |
Japan | 12.7% |
Germany | 12.1% |
France | 11.5% |
Italy | 10.3% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the Global electronic consumer device battery market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the global electronic consumer device battery industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the global electronic consumer device battery market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the global electronic consumer device battery market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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