According to the latest report by IMARC Group, titled "Primary Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global primary battery market size reached US$ 16.4 Billion in 2022. A primary battery, also known as a disposable or non-rechargeable battery, is a type of electrochemical cell that converts chemical energy into electrical energy. It is designed for single-use and cannot be recharged or refilled once it is depleted. It is commonly used in various applications where a long-term power supply is not required or where the convenience of replacement is preferred over recharging. It is composed of two electrodes, an anode and a cathode that are immersed in an electrolyte solution. The electrodes consist of different materials, and the electrolyte facilitates the flow of ions between them, allowing the electrochemical reactions to occur. It comes in various sizes and shapes to accommodate different devices and applications, where each type has its own specific chemistry and performance characteristics, which determine factors, such as voltage, capacity, shelf life, and operating temperature range.
Global Primary Battery Market Trends:
The global market is primarily driven by the growing adoption of portable devices among the masses. This can be attributed to the increasing use of smartphones, tablets, wearable devices, and other portable gadgets that fuel the demand for primary batteries. Also, consumers prefer batteries that offer longer lifespans, faster charging capabilities, and compatibility with a wide range of devices. Meeting these demands and providing reliable power solutions for portable electronics is another growth-inducing factor for primary batteries. Moreover, the rising focus on environmental sustainability and the increasing awareness of carbon footprints are creating a positive market outlook for primary batteries. Consumers and businesses are seeking environmentally friendly options and energy-efficient solutions, which is driving the adoption development of batteries with reduced environmental impact, including materials that are less harmful and more easily recyclable or disposable. Furthermore, the growing demand for renewable energy technologies, such as solar and wind power, is creating lucrative opportunities for primary batteries. These batteries are used to store and provide backup power for renewable energy systems, enabling a more reliable and continuous energy supply. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 23.8 Billion by 2028, exhibiting a CAGR of 6.15% during 2023-2028.
- On the basis of the type, the market has been categorized into primary alkaline battery, primary lithium battery and others.
- Based on the end use industry, the market has been segmented into defense, aerospace, medical, aviation and others.
- Region wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Camelion Batterien GmbH, Duracell Inc., EaglePicher Technologies, Energizer Holdings Inc., FDK Corporation (Fujitsu Limited), GP Industries Limited (Gold Peak Industries Limited), Integer Holdings Corporation, Maxell Ltd. (Hitachi Ltd.), Panasonic Holdings Corporation, Saft (TotalEnergies SE) and Ultralife Corporation.
|Base Year of the Analysis
||Type, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Camelion Batterien GmbH, Duracell Inc., EaglePicher Technologies, Energizer Holdings Inc., FDK Corporation (Fujitsu Limited), GP Industries Limited (Gold Peak Industries Limited), Integer Holdings Corporation, Maxell Ltd. (Hitachi Ltd.), Panasonic Holdings Corporation, Saft (TotalEnergies SE) and Ultralife Corporation.
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