MARKET INTRODUCTION
A battery operates connected anode and cathode to produce electricity. Dissimilarities in materials utilized to manufacture a battery have resulted to the development of different types of batteries. The need for primary batteries remains high across the world, due to the numerous advantages of primary batteries, such as low cost, wide application across consumer electronics, including flashlights, calculators, clocks, and smoke alarms, making a high growth for the primary battery market. Also, factors such as rising demand for primary batteries in military applications and increased demand for consumer electronics are expected to drive the primary battery market. There has been a rise in the need for a battery that can meet heavy discharge requirements, as consumer electronics power requirement increases. This is also expected to enhance the demand for secondary batteries, which, in turn, is likely to have a negative impact on the growth of the primary battery market globally.
MARKET DYNAMICS
The recent rise in portable medical devices, that require frequent replacement of batteries, is likely to drive the growth of the primary battery market. Portable medical devices driven by primary batteries can be used where charging or continuous power supply is limited. The use of primary batteries such as alkaline batteries in electronic toys is likely to drive the primary battery market in the forecast period. Laws which mandate manufacturers of primary batteries to have a system for disposing and recycling of used and worn out batteries, hampers the growth of the primary battery market globally.
MARKET SCOPE
The "Global Primary Battery Market Analysis to 2028" is a specialized and in-depth study of Primary Battery with a special focus on the global market trend analysis. The report aims to provide an overview of Primary Battery with detailed market segmentation by type, and application. The global primary battery market is expected to witness high growth during the forecast period. The report provides key statistics on the primary battery market and offers key trends and opportunities in primary battery market.
MARKET SEGMENTATION
The primary battery market is segmented on the basis of type, and application. On the basis of type, market is segmented as alkaline, lithium-metal, silver-oxide, zinc-air, and zinc-carbon. On the basis of application, market is segmented as toys, flashlights, watches, clocks, hearing aids, and radio.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global primary battery market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The global primary battery market by each region is later sub-segmented by respective countries and segments.
The report analyzes factors affecting Primary Battery market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological effecting the primary battery market in these regions.
MARKET PLAYERS
The reports cover key developments in the primary battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from primary battery market are anticipated to lucrative growth opportunities in the future with the rising demand for primary battery in the global market. Below mentioned is the list of few companies engaged in the primary battery market.
The report also includes the profiles of primary battery market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- EaglePicher Technologies
- Energizer Holdings, Inc.
- Excell Battery Co.
- Duracell Inc
- Electrochem Solutions, Inc.
- FDK Corporation
- SANYO Energy Corporation
- Spectrum Brands, Inc
- Toshiba Corporation
- Zhejiang Mustang Battery Co. Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.