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Disposable battery is a primary battery containing an electrochemical cell that stores energy in a fixed electrolyte slurry to minimize the need for water. The most popular types of disposable batteries that are available in the market are nickel-cadmium and alkaline. This disposable battery has an upper hand on the normal traditional batteries because of the various advantages it possesses like higher energy output, longer shelf life, low cost, and non-hazardous. These batteries are widely used in small and portable devices including toys, radios, watches, and flashlights. In comparison to the traditional batteries, it is usually cheaper and has a high energy density. Over the last few years, the use of electronic gadgets has significantly increased which has promoted the growth of the global disposable battery market. These batteries witnessed a very high demand for use in several consumer electronic goods sector. Because of its advanced feature and eco-friendly nature market players are heavily investing in R&D of these batteries.
Covid-19 Impact Analysis
The global disposable batteries market is projected to grow at a substantial rate in the upcoming years. The increased use of disposable batteries in the daily used gadgets, long shelf life, and environment friendly nature of these batteries are some of the major factors that is going to drive the global disposable batteries market. However, the increased awareness about environment protection is expected to restrain the global disposable battery market. The batteries are used for only one time and after that they are dumped in the landfills. Also, these batteries use heavy metals and strong acids, which make them hazardous waste. Governments across the world are imposing strict policies about the disposal of hazardous waste and increase in awareness toward environment is expected to restrain the disposable battery market.
The global disposable battery market is increasing in the recent times. This is due to the reason that it finds its application in the daily use devices like wall clocks, radio, toys, and TV remotes. The widespread use of these gadgets in the recent time has increased the demand for disposable batteries globally and hence, the market is expected to increase.
Disposable batteries have longer life compared to that of rechargeable. It is expected that alkaline battery will work twice longer as compared to that of rechargeable battery and hence, this makes the battery useful for low drain devices. Adding to that, disposable batteries have price lower than that of rechargeable batteries, which makes them the first choice of consumers.
Developing economies such as India and China, are investing in development of the electronic sector. This has resulted in increased demand for the electronic devices such as TV, AC, computers, and laptops in recent times and this has indirectly affected the market of disposable batteries.
Key Benefits of the Report
This study presents the analytical depiction of the disposable batteries industry along with the current trends and future estimations to determine the imminent investment pockets.
Key Market Segments
Key Market Players