The Global Market for Consumer Batteries is Projected to Reach US$43.7 Billion by 2022
Proliferation of Consumer Electronics and Innovations in Battery Technologies Drive the 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$43.7 billion by 2022 , driven by the proliferation of high-end IT products, smartphones, mobile devices, other consumer electronics; and futuristic battery technology innovations. Batteries are omnipresent in virtually every sector that utilizes electronic/electrical equipment. Batteries presently power a wide array of products, ranging from portable electronic items, such as handheld calculators, transistor radios, smartphones, aerospace sub-systems, standby industrial power systems to motor vehicle electrical systems. Demand for batteries in consumer electronics comes from the ...