Non-rechargeable Batteries Market Revenue was valued at USD 10.45 Billion in 2024 and is estimated to reach USD 15.67 Billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.
South Korea’s Non-rechargeable Batteries Market Faces Industrial Safety and Demand Challenges
South Korea’s Non-rechargeable Batteries Market is under increased scrutiny following the tragic 2024 Hwaseong battery factory fire, which resulted in 23 fatalities. The incident, linked to lithium-thionyl chloride batteries, has intensified concerns over safety standards in the industry. This has led to stricter regulations, including new aviation rules that limit the quantity and strength of lithium batteries on planes, reflecting the growing risks associated with these energy sources.
Industries such as defense, aerospace, and medical equipment heavily rely on non-rechargeable batteries for their high energy density and reliability. However, the safety concerns have prompted a reevaluation of their use, with companies seeking safer alternatives or enhanced safety measures.
To address these challenges, South Korea has announced a substantial investment of $29 billion over the next five years to bolster its battery industry. The initiative aims to diversify supply chains, reduce dependence on foreign materials, and enhance the competitiveness of domestic battery manufacturers. Key components of the plan include:
Providing tax incentives and loan support for companies investing in overseas mining rights for battery materials.
Increasing financial support through loans, guarantees, and insurance for battery industry firms, including those investing in North America.
Establishing new safety regulations for the removal, storage, and transportation of used batteries within South Korea.
These measures are designed to create a more resilient and self-sufficient battery industry, capable of meeting both domestic and international demands while ensuring safety and sustainability.
As the industry evolves, the focus will be on developing next-generation batteries with improved safety profiles, such as solid-state batteries, and implementing comprehensive recycling programs to recover valuable materials from used batteries. These steps are crucial for maintaining South Korea's position as a global leader in battery technology.
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Hitachi Maxell
EVE Energy
SAFT
Panasonic
Ultralife
FDK
Vitzrocell
Energizer
Duracell
Tadiran
EnerSys Ltd.
Varta
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Non-rechargeable Batteries Market
Alkaline Batteries
Lithium Batteries
Nickel Metal Hydride (NiMH) Batteries
Zinc Carbon Batteries
Silver Oxide Batteries
Consumer Electronics
Healthcare Devices
Toys
Power Tools
Automotive
Standard Size Batteries (AA, AAA, C, D)
Button Cell Batteries
9V Batteries
Specialty Batteries (e.g., camera batteries)
Lantern Batteries
Residential
Commercial
Industrial
Institutional
Government
Online Retail
Hypermarkets and Supermarkets
Convenience Stores
Specialty Stores
Wholesale Distributors
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Non-rechargeable Batteries Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Non-rechargeable Batteries Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Non-rechargeable Batteries Market, By Type
6. South Korea Non-rechargeable Batteries Market, By Application
7. South Korea Non-rechargeable Batteries Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Non-rechargeable Batteries Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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