Global Primary Batteries Market Report 2020 - Opportunities And Strategies, Market Forecast And Trends
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The primary batteries market is expected to grow at a compound annual growth rate (CAGR) of around 3% to nearly $19 billion by 2022. The recent growth of portable medical devices that require frequent replacement of batteries is expected to drive the growth of the primary batteries market.
The primary batteries manufacturing market consists of the revenues 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 generate 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.
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The global primary batteries market is further segmented based on type and geography.
By Type: Alkaline Batteries, Lithium Batteries, And Other Primary Batteries.
By Geography: The global primary batteries market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific primary batteries market accounts for the largest share of 34% in the global primary batteries market.
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Trends In The Primary Batteries Market
Primary battery manufacturers are increasingly manufacturing micro-batteries to cater to new application areas. Micro-batteries are small-scale (approximately the size of a rice grain or about 1 mm) batteries that are used to power small systems from simple sensors and transmitters to systems with ultrahigh density packaging. These batteries enable the design of small and complex electronic systems, have high energy density, and last longer than conventional primary batteries. Micro-batteries are also used in wearable and implantable medical devices. Silver-zinc batteries are a popular type of micro-batteries as they deliver higher energy density, safety, reliability and sustainability than other available micro-batteries.
Primary Batteries Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides primary batteries market overviews, analyzes and forecasts market size and growth for the global primary batteries market, primary batteries market share, primary batteries market players, primary batteries market segments and geographies, primary batteries market’s leading competitors’ revenues, profiles and market shares. The primary batteries market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.