Primary Battery Market Size 2022-2027 | Industry Growth, Share, Analysis and Forecast Report

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 reached a value of 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.

Industry Definition and Application:

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.

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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.

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Report Segmentation:

The report has segmented the market on the basis of 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

Breakup by 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
• Energizer Holdings Inc.
• FDK Corporation (Fujitsu Limited)
• GP Industries Limited (Gold Peak Industries Limited)
• Integer Holdings Corporation
• Duracell Inc.
• EaglePicher Technologies
• Maxell Ltd. (Hitachi Ltd.)
• Panasonic Holdings Corporation
• Saft (TotalEnergies SE)
• Ultralife Corporation.

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This release was published on openPR.