Worldwide Primary Battery Industry to 2027 – Primary Alkaline Battery to Dominate the Market – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Primary Battery Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” report has been added to ResearchAndMarkets.com’s offering.

The primary battery market is expected to register a CAGR of more than 5% during the forecast period of 2022 – 2027, reaching approximately USD 20.05 billion by 2027 up from USD 14.5 billion in 2020.

Companies Mentioned

• Camelion Battery Co. Ltd
• Duracell Inc.
• Energizer Holdings Inc.
• Ultralife Corporation
• FDK Corporation
• GP Batteries International Ltd
• Panasonic Corporation
• Saft Groupe SA
• Toshiba Corporation

Key Market Trends

Primary Alkaline Battery to Dominate the Market

• The primary alkaline battery is expected to continue its dominance over the forecast period. These types of batteries have high specific energy and are cost-effective, environment-friendly, and leak-proof, even when fully discharged. Alkaline can be stored for up to 10 years, has a good safety record, and can be carried on an aircraft without being subjected to The International Air Transport Association (IATA) and other regulations.
• Alkaline batteries offer higher energy output, longer shelf life, and last longer than carbon-zinc batteries, and have emerged as a replacement for carbon-zinc batteries since 1960.
• Over the years, the North American and European regions have accounted for the major demand for alkaline batteries. However, owing to factors, such as the shift from carbon-zinc batteries, the demand for alkaline batteries in Asia-Pacific and South America is expected to remain high.
• There have been major advancements in alkaline cell performance over the recent decades. These advancements have been a result of changes in packaging and manufacturing techniques rather than any improvements to the basic chemical system.
• Moreover, alkaline batteries are environment-friendly, which can be disposed of as trash. Also, they do not require active collection and recycling. However, the batteries that were made 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 need to be properly collected and recycled.
• In December 2021, Volt Resources announced that it will supply graphite and develop new technologies to improve alkaline battery performance in a partnership with New York-based alkaline battery producer Urban Electric Power.

Asia-Pacific to Dominate the Market

• Asia-Pacific has accounted for the largest share in the global primary battery market in 2020. The region is expected to continue its dominance during the forecast period as well.
• The sale of primary batteries is anticipated to increase, but at a slower rate than secondary batteries. Further, alkaline batteries are expected to strengthen their dominance in the primary battery market and continue to witness the fastest growth, primarily due to the growing demand for zinc-based batteries. Alkaline batteries are favored for their higher power and a longer lifespan than zinc-carbon/chloride batteries.
• On a country level, China has dominated the entire global battery market for a very long time and is expected to maintain the leading position in the market during the forecast period as well. China’s rise as a manufacturing powerhouse and its rapid consumer electronic product manufacturing growth are expected to drive the country’s primary battery market.
• Japan’s purchasing parity increased consistently during the last decade. The growing purchasing parity, combined with the introduction of the new primary battery-powered electronic devices, has led to the growing demand for primary batteries for consumer electronics in Japan. The local manufacturers meet most of the demand for batteries.
• India is the fifth-largest country in the world in terms of military spending. Due to geopolitical tensions with the neighboring countries, mainly Pakistan and China, India is expected to continue increasing its military spending during the forecast period, driving the demand for primary batteries in the defense sector. In November 2021, the Indian Defence Acquisition Council (DAC) cleared the purchase of locally-produced military hardware worth INR 79.65 billion.
• Due to the impact of the Covid-19 pandemic, the demand for medical equipment in the healthcare sector has grown exponentially. Demand for critical medical equipment such as pulse oximeters, multimeters, and other critical medical equipment which use primary batteries has also increased because of the pandemic. India and China were hard hit countries by the pandemic in the region, which resulted in growth of the market.

Key Topics Covered:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2027

4.3 Recent Trends and Developments

4.4 Government Policies and Regulations

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Porter’s Five Forces Analysis

5. MARKET SEGMENTATION

5.1 Type

5.1.1 Primary Alkaline Battery

5.1.2 Primary Lithium Battery

5.1.3 Other Types

5.2 Geography

5.2.1 North America

5.2.2 Europe

5.2.3 Asia-Pacific

5.2.4 South America

5.2.5 Middle East & Africa

6. COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/6ak3cl

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