The global zinc carbon battery is expected to reach USD 1,848.0 Million by the end of 2024 from USD 1,721.3 Million in 2018. Further, global zinc carbon battery market is predicted to thrive at a CAGR of 1.1% over the forecast period. In addition to this, the global zinc carbon battery market size is projected to witness a Y-O-Y growth of 0.5% in 2024 as compared to previous years.
Growth Drivers – Zinc Carbon Battery Market
Cost Advantages of Zinc Carbon Batteries
The battery industry has witnessed the development of numerous batteries technology over the years. Among many high-quality battery’s technologies including lead acid, alkaline, and others, zinc carbon is still surviving due to its key advantages and low cost of a zinc-carbon battery is one of them. Owing to its low cost, the zinc-carbon battery is used in most of the common consumer electronics such as flashlights, garage door openers, fluorescent lanterns, home entertainment remote controls, kerosene heater igniters, home security devices, lanterns, personal care devices, radios, stereo headsets, smoke detectors and many more. The demand for zinc carbon batteries in strong in low-income countries such as India. 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.
Growing Downstream Industries
The world 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 in the world.
Size & Shape Flexibility of Zinc Carbon Batteries
Most consumers would still prefer disposable batteries due to its ease of use, even though rechargeable batteries have a lower total cost of use as compared to disposable batteries. Zinc-carbon batteries are available in various shapes, sizes, and capacities. These appropriate storage life and reasonable electrical parameters offer suitable utilization.
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Barriers – Zinc Carbon Battery Market
Availability of Alternative Technologies
The current battery market is dominated by rechargeable batteries such as lead-acid, alkaline and others. Primary batteries such as zinc-carbon batteries are not rechargeable and failed to offer equal convenience to the consumers as rechargeable batteries. This availability of alternative and advanced battery technology has been restraining the growth of the market throughout the years and is expected to hamper the growth of the zinc-carbon battery market in the future.
The zinc carbon battery size market is segmented into 9V, AA, AAA, and others. In this segment, AAA-size zinc carbon battery segment is expected to grow at a robust 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 this segment, consumer electronics segment is expected to grow at a CAGR of 1.2% over the forecast period. 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. 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.
Regionally, 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 large market share over the forecast period. 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. The Asia Pacific zinc carbon battery market is anticipated to grow at a CAGR of 1.2% over the forecast period. In the terms of volume, sales of zinc carbon battery are anticipated to decline to 2,690.5 Million Units in 2024 from 2,937.1 Million Units in 2018.
- Remote Control
- Consumer Electronics
- 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)
The report profiles various major market players such as
- Nippo Batteries Co. Ltd.
- Eveready Industries India Ltd.
- Panasonic Corporation
- GP Batteries International Limited
- FDK Corporation
- Jiaxing Mini-Moon Battery Co., Ltd.
- Fujian Nanping Nanfu Battery Co. Ltd
- Other Major & Niche Players
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, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in zinc carbon battery market.
Timeline Considered for Analysis:
- 2018: Base Year
- 2019: Estimated Year
- 2019 to 2024: Forecast Period
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’s 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 2018? What will be the market growth during the forecast period i.e. 2019-2024?
- 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?