Agriculture / Primary Battery Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Changhong, Duracell, Energizer, Energizer, EVE Energy,
Primary Battery Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Changhong, Duracell, Energizer, Energizer, EVE Energy,
Registering a CAGR of 5.0% over the forecast period of 2022-2027, the global Primary Battery market size is anticipated to reach the market value of US$ 18.24 billion in the year 2027 from US$ 12.98 billion in the year 2021.
Primary Battery Market Overview
The primary batteries manufacturing market consists of the profits generated from sales of primary batteries by entities (organizations, sole traders and partnerships) that manufacture primary batteries. Primary batteries are small single-use batteries that produce electric power from chemical reactions that occur between the terminals and the electrolyte in the battery. They include alkaline batteries, lithium batteries, zinc-carbon batteries, and dry cell batteries. Primary batteries are mainly used in low-drain portable electronic devices. The market for primary batteries is distinct from the market for secondary batteries. Primary batteries are the non-rechargeable and disposable batteries while secondary batteries are rechargeable batteries and are also called storage batteries.
Primary alkaline batteries are among the most popular battery chemistries in the non-rechargeable battery market. It has high specific energy and is cost-effective, environment-friendly, and leak-proof, even when fully discharged. Alkaline batteries are environment-friendly and can be disposed of as trash. Moreover, they do not require active collection and recycling. However, the batteries made currently by almost all major manufacturers are mercury-free and hence, do not pose any environmental pollution or hazard on disposal. This creates a positive demand for these batteries since other rechargeable consumer batteries must be appropriately collected and recycled. Overall, the primary alkaline battery market is expected to increase in the forecast period at a relatively slower rate than the growth of secondary batteries, although factors such as the easy disposal of alkaline batteries and most of the consumer electronics still operating on primary alkaline battery is going to drive the market.
Industry News and Update
3 May 2022: Eve Energy to build new $3 billion battery project--
Chinese lithium battery supplier Eve Energy plans to sign an agreement with Chengdu city, in southwestern Sichuan province, to build a 50 GWh per year power and energy storage battery production base there, as well as a local research institute, it said in an announcement on the Shenzhen Stock Exchange.
September 24, 2021: Toshiba, Sojitz and CBMM Partner to Commercialize Next-Generation Lithium-ion Batteries--
Toshiba Corporation, Sojitz Corporation, and CBMM, have entered into a joint development agreement for the commercialization of next generation lithium-ion batteries using niobium-titanium oxide (NTO) as the anode material.
What are the major Applications, Types and Regions for Primary Battery Market?
The Primary Battery Market is segmented based on the Type, Applications, and Regions.
By Type, it is segmented into
Alkaline Battery
Zinc Carbon Battery
Primary Lithium Battery
Others
By Applications, it is segmented into
Consumer Electronics
Industrial
Medical
Others
Primary Battery Market Regional Analysis
The global primary battery market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The sharp increase in consumer electronics demand, coupled with an exponential rise in the number of smart device users will cater to the Asia Pacific market growth. Asia-Pacific has been at the forefront in the past and is expected to maintain its dominance as one of the leading regions in the worldwide primary battery market throughout the forecast period as well due to the region is a hotspot for the production of toys, electronic gadgets including as remote controls and watches, and medical equipment such as glucose monitors and blood pressure monitors. For a long time, China dominated the global battery production business, and it is likely to continue to do so during the forecast period. During the projected period, China's emergence as a manufacturing powerhouse and large consumer electronic product production growth are expected to drive the primary battery market in the country.
Yes, the report can be customized as per your needs
Key Takeaways from this Primary Battery Report
Evaluate Primary Battery market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Primary Battery market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Primary Battery Market?
The Primary Battery Market is growing at a CAGR of 5.0% over the next 5 years.
Who are the key players in Primary Battery Market?
What are the major end-use applications of Primary Battery Market?
Consumer Electronics, Industrial, Medical, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
