Zinc Carbon Battery Market
Zinc Carbon Battery Market - By Size (9V, AA, AAA, Others), By Application (Remote Control, Consumer Electronics, Toys, Others) & Global Region - Market Size, Market Volume, Trends, Opportunity, Forecast 2020-2025Request Sample Request Discount
The global zinc carbon battery market is anticipated to flourish at a CAGR of 1.1% over the forecast period. In terms of volume, the market is expected to account for 3,896.4 million units in 2025 from 4,286.7 million units in 2018. With growing electronic and mechanical toys market for children, batteries are becoming essential for every household. However, it is believed that rising average price, highly intense competition, and lack of innovation is believed to result in the decline of market volume in the years ahead.
Growth Drivers – Zinc Carbon Battery Market
Growing Downstream Industries
The global zinc carbon battery market has been supported by low drain electronic devices, especially toys in the past few years. Nowadays, there are more electronic and mechanical toys have been produced for children, disposable batteries including zinc carbon have become a necessity for every household which is expected to further support the growth of the zinc carbon battery industry across the globe.
The battery industry has witnessed the development of numerous batteries technology over the years. Among different battery technologies, including lead-acid, alkaline, zinc carbon, and others, the zinc carbon is still surviving due to its key advantages and low cost. Due to the low price, the zinc carbon battery used among most of the consumer electronics such as flashlights, garage door openers, fluorescent lanterns, home entertainment remote controls, kerosene heater igniters, home security devices, lamps, personal care devices, radios, stereo headsets, smoke detectors and many more. Consumers with low purchasing power prefer zinc carbon batteries due to their low cost. Zinc carbon battery also finds applications in areas other than consumer electronics, such as toys, laboratory instruments, marine depth finders, motor-driven devices, stereo headsets, and test equipment.
Barriers – Zinc Carbon Battery Market
Short Life Span
The service capacity of a zinc carbon battery cannot be predicted because the zinc carbon battery functions at different efficiencies depending upon the conditions imposed upon it. The service varies with the current drain, operating schedule, and cutoff voltage due to which the battery is also affected by the operating temperature and storage conditions. This disadvantage is also a key reason behind the falling growth of the market.
The zinc carbon battery market is segmented on the basis of size and application. The market is further sub-segmented by size into 9V, AA, AAA, and others. In this segment, the zinc carbon battery market for AAA-size segment is projected to grow at a robust compound annual growth rate (CAGR) to reach at a notable value by the end of 2024. Moreover, based on the application, the zinc carbon battery market is further sub-segmented into remote control, consumer electronics, toys, and others. In terms of value, global zinc carbon battery market for consumer electronics segment is expected to reach USD 1,099.4 Million by the end of 2024 from USD 1,017.4 Million in 2018 and is anticipated to grow at a CAGR of 1.2% over the forecast period, i.e., 2019-2024. In addition to this, global zinc carbon battery market for consumer electronics segment value is projected to witness a Y-O-Y growth of 0.6% in 2024.
The report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the zinc carbon battery market, Asia Pacific is projected to capture a significant market share over the forecast period. In terms of value, Asia Pacific zinc carbon battery market is expected to reach USD 1,192.0 Million by the end of 2024. Further, the market of Asia Pacific zinc carbon battery will be receiving an opportunity of USD 70.5 Million between 2019 & 2024 and is anticipated to grow at a CAGR of 1.2% over the forecast period. In terms of volume, sales of Asia Pacific zinc carbon battery are projected to decline to 2,690.5 Million Units in 2024 from 2,937.1 Million Units in 2018.
The report also covers detailed competitive analysis of major market players of global zinc carbon battery market, such as Nippo Batteries Co. Ltd., Eveready Industries India Ltd., Panasonic Corporation, Sony, GP Batteries International Limited, Fujitsu, Toshiba, FDK Corporation, Jiaxing Mini-Moon Battery Co., Ltd., Fujian Nanping Nanfu Battery Co. Ltd and other key & niche players. The global zinc carbon battery market is witnessing a wide range of industry activities such as product launch, acquisition, partnership and expansion across the globe.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global zinc carbon battery market by the following segments:
Customization: We also offers customization is in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Zinc Carbon Battery Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e., 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
Global zinc carbon battery market, 2020-2025, is a market research report by KD Market Insights that offers extensive and highly detailed current and future market trends in the global and regional/market. The report offers market size and structure of the overall industry based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise.
The market research report demonstrates market dynamics including growth drivers, barriers and opportunities and trends spearheading current nature and future status of this market. The report is supplemented with various indicators which are believed to propel the growth of the market during the forecast period.
In addition to this, Porter’s Five Forces analysis demonstrates the five forces i.e. buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in zinc carbon battery market. The report also offers value chain analysis for the zinc carbon battery market.
Global Zinc Carbon Battery Market Size & Forecast
The report reviews the preliminary estimates for 2018 and forecasts for growth in zinc carbon battery demand for 2020-2025. It analyses the market by geographies i.e. North America, Europe, Asia Pacific, Latin America & Middle East & Africa. Further, the geographies are fragmented into country and regional groupings:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Market Analysis by Segments:
- Remote Control
- Consumer Electronics
Along with figures and tables, a market attractiveness and BPS analysis has been provided for every segment in the report.
Global Zinc Carbon Battery Market: Competitive Landscape
The report also highlights the competitive landscape of the global zinc carbon battery market, positioning of all the major players in industry. Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The research study includes profiles of leading companies operating in the global zinc carbon battery market. Some of the key players profiled include Nippo Batteries Co. Ltd., Eveready Industries India Ltd., Panasonic Corporation, Sony, GP Batteries International Limited, Fujitsu, Toshiba, FDK Corporation, Jiaxing Mini-Moon Battery Co., Ltd., Fujian Nanping Nanfu Battery Co. Ltd and other key players.
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