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According to the latest research, the global Small Batteries market size was valued at USD 12876.63 million in 2022 and is expected to expand at a CAGR of 6.27% during the forecast period, reaching USD 18546.68 million by 2028.
The epidemic and prevention and control measures have had a huge impact on the supply chain of the small battery industry
In general, COVID-19 has had a huge impact on the production side of the small battery industry. The delay in the resumption of work by upstream and downstream enterprises of small batteries, the closure of cities in various regions, and the obstruction of logistics have affected the normal transportation of raw materials and products and the installation of local projects. The upstream industries of small batteries are mainly stainless steel, anode and cathode materials and other industries. Battery-related industries in Australia, South America, and Africa have all been affected. Among them, Chile, Argentina and other countries have implemented isolation measures across the country. In Africa, due to the closure of South Africa's borders and ports, and the isolation policy of the raw material cobalt producer Congo, the supply of cobalt is facing interruption. In 2019, small battery-related industries have been developed and utilized on a large scale, leading to an oversupply phenomenon. This also eased the impact of the outbreak to a certain extent. However, due to the closed policies adopted by many countries, transportation is restricted and logistics are lagging, although short-term pressure is not obvious, once the demand surges, it will cause the risk of supply cut. And global logistics is slowing down with the epidemic, and more companies are beginning to tend to get parts and components from closer places.
Fluctuations in raw material prices may increase new entrants' risk tolerance
The upstream industries of the small battery industry are mainly stainless steel, anode and cathode materials, and the anode and cathode materials of the battery are usually lithium, nickel, manganese metal or their compounds, such as lithium cobaltite, nickel, alloy powder, etc. The price of raw materials for small batteries is an important factor influencing changes in battery costs. The increase in the prices of battery positive and negative materials, electrolyte, stainless steel and other raw materials will directly lead to an increase in the cost of battery products using related materials. Nickel, lithium cobalt oxide, nickel, alloy powder, and lithium material products are abundant in supply and are easily affected by global market price trends, especially nickel and cobalt, which are greatly affected by futures prices. In the short term, new entrants will be under greater pressure due to the increase in initial investment, and the profit margin of new entrants will be compressed.
Some raw materials may be prohibited by the policy, which puts further requirements on technology of new entrant
Small batteries are often used in toys, remote controls, and hearing aids. They are easy to interest curious children. The size of small batteries is very small, and there is a risk of swallowing by children. In the past 20 years, the number of children sent to emergency rooms due to button batteries is close to Doubled, swallowing small batteries by mistake may cause a hole to burn in the trachea or esophagus, and may result in death. Some manufacturers use cadmium or mercury in cell production, which is harmful to health. Many governments further ban the use of mercury in products, which may require new entrants to find some brand new alternative materials for the small batteries.
Region Overview:
From 2022-2027, China is estimated to witness robust growth prospects.
Company Overview:
Duracell is one of the major players operating in the Small Batteries market, holding a share of 18.36% in 2022.
Duracell
Duracell International Inc. manufactures and distributes batteries. The Company offers alkaline, zinc carbon, lithium, and nickel-metal hydride rechargeable batteries. Duracell International markets its products worldwide.
Energizer
Energizer Holdings, Inc. manufactures dry cell batteries and flashlights. The Company offers a full line of products, including alkaline, carbon zinc, miniature, and rechargeable batteries, as well as lighting products. Energizer also manufactures and markets a range of razor and shave related products on a global basis.
Segmentation Overview:
By type, AA segment accounted for the largest share of market in 2021.
LR66
The LR66 battery is a disposal Alkaline battery, which can be utilized in many devices such as watches, electronic toys, remote controls, thermometers, and calculators.
LR44
LR44Battery is an alkaline button cell battery designed for general use. It is widely used in watches, calculators and medical devices.
AAAA
AAAA Batteries are small batteries that are cylindrical in shape. They are also called LR61 or MN2500 batteries, and AAAA batteries are commonly used in electrical devices.
Others
There are still other small batteries, which are made from other chemistry materials and different in shapes, such as 312 batteries, 357 batteries, and etc.
Application Overview:
The market's largest segment by application is the segment Toys, with a market share of 23.85% in 2021.
This report elaborates on the market size, market characteristics, and market growth of the Small Batteries industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Small Batteries. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Small Batteries Market Report Include:
Market Size Estimates: Small Batteries market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Small Batteries market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Small Batteries market
Segment Market Analysis: Small Batteries market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Small Batteries market situations and prospects in major and top regions and countries
Small Batteries Market
Small Batteries Industry Chain: Small Batteries market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Small Batteries Industry News, Policies by regions
Small Batteries Industry Porters Five Forces Analysis
Key players in the global Small Batteries market are covered in Chapter 2:
Vinnic
Camelion
Energizer
GP Batteries
TIANQIU
Golden Power
Varta
Toshiba
Renata
Pkcell
Duracell
NANFU
Panasonic
Beston
Maxell
In Chapter 6 and Chapter 9, on the basis of types, the Small Batteries market from 2018 to 2028 is primarily split into:
LR66
LR44
AAAA
AAA
AA
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Small Batteries market from 2018 to 2028 covers:
Medical
Safety & Security
Industrial (Tools, Sensors, Testing Equipment, etc.)
Military Applications (Scopes, Sensors, etc.)
Other Professional Devices
High End Retail Products
Toys
Electrical Appliances
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Small Batteries market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Small Batteries industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Small Batteries market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Small Batteries industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Small Batteries market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Small Batteries market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Small Batteries market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
The epidemic and prevention and control measures have had a huge impact on the supply chain of the small battery industry
In general, COVID-19 has had a huge impact on the production side of the small battery industry. The delay in the resumption of work by upstream and downstream enterprises of small batteries, the closure of cities in various regions, and the obstruction of logistics have affected the normal transportation of raw materials and products and the installation of local projects. The upstream industries of small batteries are mainly stainless steel, anode and cathode materials and other industries. Battery-related industries in Australia, South America, and Africa have all been affected. Among them, Chile, Argentina and other countries have implemented isolation measures across the country. In Africa, due to the closure of South Africa's borders and ports, and the isolation policy of the raw material cobalt producer Congo, the supply of cobalt is facing interruption. In 2019, small battery-related industries have been developed and utilized on a large scale, leading to an oversupply phenomenon. This also eased the impact of the outbreak to a certain extent. However, due to the closed policies adopted by many countries, transportation is restricted and logistics are lagging, although short-term pressure is not obvious, once the demand surges, it will cause the risk of supply cut. And global logistics is slowing down with the epidemic, and more companies are beginning to tend to get parts and components from closer places.
Fluctuations in raw material prices may increase new entrants' risk tolerance
The upstream industries of the small battery industry are mainly stainless steel, anode and cathode materials, and the anode and cathode materials of the battery are usually lithium, nickel, manganese metal or their compounds, such as lithium cobaltite, nickel, alloy powder, etc. The price of raw materials for small batteries is an important factor influencing changes in battery costs. The increase in the prices of battery positive and negative materials, electrolyte, stainless steel and other raw materials will directly lead to an increase in the cost of battery products using related materials. Nickel, lithium cobalt oxide, nickel, alloy powder, and lithium material products are abundant in supply and are easily affected by global market price trends, especially nickel and cobalt, which are greatly affected by futures prices. In the short term, new entrants will be under greater pressure due to the increase in initial investment, and the profit margin of new entrants will be compressed.
Some raw materials may be prohibited by the policy, which puts further requirements on technology of new entrant
Small batteries are often used in toys, remote controls, and hearing aids. They are easy to interest curious children. The size of small batteries is very small, and there is a risk of swallowing by children. In the past 20 years, the number of children sent to emergency rooms due to button batteries is close to Doubled, swallowing small batteries by mistake may cause a hole to burn in the trachea or esophagus, and may result in death. Some manufacturers use cadmium or mercury in cell production, which is harmful to health. Many governments further ban the use of mercury in products, which may require new entrants to find some brand new alternative materials for the small batteries.
Region Overview:
From 2022-2027, China is estimated to witness robust growth prospects.
Company Overview:
Duracell is one of the major players operating in the Small Batteries market, holding a share of 18.36% in 2022.
Duracell
Duracell International Inc. manufactures and distributes batteries. The Company offers alkaline, zinc carbon, lithium, and nickel-metal hydride rechargeable batteries. Duracell International markets its products worldwide.
Energizer
Energizer Holdings, Inc. manufactures dry cell batteries and flashlights. The Company offers a full line of products, including alkaline, carbon zinc, miniature, and rechargeable batteries, as well as lighting products. Energizer also manufactures and markets a range of razor and shave related products on a global basis.
Segmentation Overview:
By type, AA segment accounted for the largest share of market in 2021.
LR66
The LR66 battery is a disposal Alkaline battery, which can be utilized in many devices such as watches, electronic toys, remote controls, thermometers, and calculators.
LR44
LR44Battery is an alkaline button cell battery designed for general use. It is widely used in watches, calculators and medical devices.
AAAA
AAAA Batteries are small batteries that are cylindrical in shape. They are also called LR61 or MN2500 batteries, and AAAA batteries are commonly used in electrical devices.
Others
There are still other small batteries, which are made from other chemistry materials and different in shapes, such as 312 batteries, 357 batteries, and etc.
Application Overview:
The market's largest segment by application is the segment Toys, with a market share of 23.85% in 2021.
This report elaborates on the market size, market characteristics, and market growth of the Small Batteries industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Small Batteries. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Small Batteries Market Report Include:
Market Size Estimates: Small Batteries market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Small Batteries market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Small Batteries market
Segment Market Analysis: Small Batteries market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Small Batteries market situations and prospects in major and top regions and countries
Small Batteries Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Small Batteries Industry Chain: Small Batteries market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Small Batteries Industry News, Policies by regions
Small Batteries Industry Porters Five Forces Analysis
Key players in the global Small Batteries market are covered in Chapter 2:
Vinnic
Camelion
Energizer
GP Batteries
TIANQIU
Golden Power
Varta
Toshiba
Renata
Pkcell
Duracell
NANFU
Panasonic
Beston
Maxell
In Chapter 6 and Chapter 9, on the basis of types, the Small Batteries market from 2018 to 2028 is primarily split into:
LR66
LR44
AAAA
AAA
AA
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Small Batteries market from 2018 to 2028 covers:
Medical
Safety & Security
Industrial (Tools, Sensors, Testing Equipment, etc.)
Military Applications (Scopes, Sensors, etc.)
Other Professional Devices
High End Retail Products
Toys
Electrical Appliances
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Small Batteries market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Small Batteries industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Small Batteries market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Small Batteries industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Small Batteries market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Small Batteries market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Small Batteries market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
