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Showing posts with the label Consumer Batteries
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The global market for Consumer Batteries is projected to reach US$50 billion by 2025, driven by the growing indispensability of batteries in the digital era of laptops, smartphones, tablets, smart electronic wearables and digital cameras. As the most important portable power source, batteries are omnipresent in virtually every sector that utilizes electronic/electrical equipment.  In the consumer electronics sector, smartphones need long-lasting batteries; electronic wearables need cost-effective battery solutions; and consumer internet of things (IoT) to reach its full potential needs smart batteries. Consumerism, especially digital consumerism, is driving increased use of digital technology, tools and devices. This rise of digital consumers is supported by a host of factors such as rapid development of internet infrastructure; spread of mobile communication network technologies like 4G and 5G; falling cost of mobile data and voice tariffs; falling prices of smartphones and t...

The Global Market for Consumer Batteries is Projected to Reach US$48.4 Billion by 2024

Emergence of New Battery Chemistries & Growing Demand from Digital & Consumer Electronic Products Drive the Global Consumer Batteries Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Consumer Batteries market. The global market for Consumer Batteries is projected to reach US$48.4 billion by 2024 , driven by emergence of new chemistries, rising adoption of smart devices, proliferation of high-end IT products, smartphones and other consumer electronic/digital products. A battery, also known as an energy storage device, is a stand-alone power source that provides electrical energy without a generator, power socket or a cord. Batteries power the most cyclically sensitive industries, such as consumer durable products, electrical equipment, industrial machinery, and vehicles. Consumer batteries are the ones that are mainl...