Market Size of North America Consumer Battery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.79 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Consumer Battery Market Analysis
The North American consumer battery market is anticipated to register a CAGR of more than 9.79% over the forecast period. The market was negatively impacted by the outbreak of COVID-19. Currently, the market has reached pre-pandemic levels.
- Major factors driving the market include declining lithium-ion battery prices and increasing sales of consumer electronics. Moreover, North America remains a pioneer in research and innovation in the global consumer battery market and is also one of the largest consumers of batteries.
- On the other hand, the demand-supply mismatch of raw materials is likely to hinder the domestic manufacturing market growth during the forecast period.
- The plans to establish strong domestic manufacturing for li-ion batteries in the United States are expected to provide significant opportunities for the players involved in the market in the near future.
- The United States is expected to dominate the market during the forecast period, owing to the increasing sales of consumer electronics in the country.
North America Consumer Battery Industry Segmentation
Consumer batteries are commonly used to power consumer devices such as cell phones and laptops. Consumer alkaline and li-ion batteries do not tolerate heat or cold well, and their lifetimes can be measured in months or years, not decades.
The North American consumer battery market is segmented into technology type and geography. By technology type, the market is segmented into lithium-ion batteries, zinc-carbon batteries, alkaline batteries, and others. The report also covers the market size and forecasts for the North American consumer battery market across major countries in the region. For each segment, the market sizes and forecasts are provided in terms of revenue (USD billion).
| Technology Type | |
| Lithium-ion Batteries | |
| Zinc-Carbon Batteries | |
| Alkaline Batteries | |
| Others |
| Geography | |
| The United States | |
| Canada | |
| Rest of North America |
North America Consumer Battery Market Size Summary
The North American consumer battery market is poised for significant growth, driven by declining lithium-ion battery prices and the rising sales of consumer electronics. The region's leadership in research and innovation, coupled with its status as a major consumer of batteries, positions it favorably in the global market. However, challenges such as the demand-supply mismatch of raw materials could impede domestic manufacturing growth. The United States is expected to lead the market, supported by increasing consumer electronics sales and strategic initiatives to bolster domestic lithium-ion battery production. These efforts are anticipated to create substantial opportunities for market players in the coming years.
Technological advancements and economies of scale have contributed to a notable decrease in lithium-ion battery prices, which is expected to continue, further propelling the market. The growing demand for personal technology products like smartphones, tablets, and laptops, which rely on these batteries, is a key driver of market expansion. The United States, with its robust demand for consumer goods and military equipment, is a significant market player. Initiatives to develop a domestic mineral supply chain aim to reduce import dependence, enhancing the lithium-ion battery supply chain. This strategic focus, along with investments in battery manufacturing infrastructure, is expected to drive the consumer battery market's growth in North America.
North America Consumer Battery Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Technology Type
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2.1.1 Lithium-ion Batteries
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2.1.2 Zinc-Carbon Batteries
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2.1.3 Alkaline Batteries
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2.1.4 Others
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2.2 Geography
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2.2.1 The United States
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2.2.2 Canada
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2.2.3 Rest of North America
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North America Consumer Battery Market Size FAQs
What is the current North America Consumer Battery Market size?
The North America Consumer Battery Market is projected to register a CAGR of greater than 9.79% during the forecast period (2024-2029)
Who are the key players in North America Consumer Battery Market?
PolyPlus Battery Company Inc, Samsung SDI Co. Ltd, LG Chem Ltd, Panasonic Corporation and Duracell Inc. are the major companies operating in the North America Consumer Battery Market.
