Evolving Industry Trends : Battery Market for Consumer Products Globally Grow at a CAGR of 9.85% by 2021

Recent technology and the current scenario as well as future market potential of “Global Battery Market for Consumer Products 2017-2021” globally.

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.

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Technavios 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:

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

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Other prominent vendors
Amperex Technology
Batteries and Power Solutions
Blue Spark Technologies
DNK Power
Front Edge Technology
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

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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?

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