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Primary Battery Market Worth US$ 22.51 Billion by 2027 at 6.30% CAGR | Camelion Batterien GmbH, Duracell Inc., EaglePicher Technologies

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Primary Battery Market Worth US$ 22.51 Billion by 2027 at 6.30% CAGR | Camelion Batterien GmbH, Duracell Inc., EaglePicher Technologies

November 29
23:10 2022
Primary Battery Market Worth US$ 22.51 Billion by 2027 at 6.30% CAGR | Camelion Batterien GmbH, Duracell Inc., EaglePicher Technologies
IMARC Group expects the market to reach a value of US$ 22.51 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.

The latest research study “Primary Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global primary battery market size reached US$ 15.42 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 22.51 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.

What is Primary Battery?

Primary batteries, commonly known as dry cells, are single-use and non-rechargeable galvanic enclosures that store electricity for convenient usage. They are environment-friendly and offer various advantages, such as instant readiness, reliability, high energy, and storage. Primary batteries are used in cardiac pacemakers, which are surgically embedded into the human body. They are also utilized in several consumer products, including door locks, home smoke detectors, remote-control garage openers, remote controls for televisions and stereo sets, etc. Primary batteries find widespread applications in smart meters, intelligent drill bits in mining, animal-tracking, tire pressure gauges of vehicles, small light beacons, wristwatches, and electric keys. 

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the major drivers for the primary battery market?

The escalating demand for low battery drainage equipment across the globe and the rising utilization of mobile consumer units are among the preliminary factors driving the primary battery market. Besides this, the increasing production of various medical devices, such as surgical tools, defibrillators, robots, hearing aids, infusion pumps, monitors, and meters, is further augmenting the market growth.

Moreover, the elevating need for alkaline primary batteries, owing to their operational capabilities of work over several temperatures, efficient voltage deliverability, longer shelf life, and high energy density, is also catalyzing the global market. Apart from this, the development of various weapons and missiles in the defense sector is acting as another significant growth-inducing factor. Furthermore, the growing product popularity in the agriculture industry to power sensors, irrigation systems, wind generators, and water pumps is anticipated to propel the primary battery market over the forecasted period.

Click here to view detailed information with table of content: https://www.imarcgroup.com/primary-battery-market

Primary Battery Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 15.42 Billion

Market forecast in 2027

US$ 22.51 Billion

Growth Rate

CAGR of 6.30% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, End Use Industry and Region

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global primary battery market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on region, type and end use industry.

Breakup by Type:

  • Primary Alkaline Battery
  • Primary Lithium Battery
  • Others

Breakup by End Use Industry:

  • Defense
  • Aerospace
  • Medical
  • Aviation
  • Others

Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

List of Major Key Players:

  • 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)
  • Ultralife Corporation.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Contact Person: Elena Anderson
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Website: https://www.imarcgroup.com

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