The global primary batteries market was valued nearly at $17 billion in 2017. Asia Pacific is the largest market for primary battery companies, accounting for around 35% of the global market. The USA is the largest country in terms of value in 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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Primary Batteries Market Size
The global primary batteries market size is expected to grow at an annual growth rate of around 3% to nearly $19 billion by 2022. Growth in the primary batteries market in the historic period resulted from use of primary battery-powered devices in emergency situations and rising demand for environmentally-friendly batteries.
The market for primary batteries is moderately fragmented with a large number of small players each holding an insignificant market share. Players in the market include Panasonic Corporation, Duracell International, Inc. (Berkshire Hathaway), Energizer Holdings Inc., Spectrum Brands Legacy Inc. and Saft Groupe S.A.
Panasonic Corporation was the largest competitor in the primary batteries market in 2017, with around 5.2% share of the market. The company is a global electrical and electronics company that provides home appliances, industrial solutions, audio/video devices, automotive infotainment and electronics products and other consumer electronic products. It was established in 1918 and was headquartered in Kadoma, Japan.
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Increasing Use Of Portable Medical Devices – The recent growth of portable medical devices, that require frequent replacement of batteries, is expected to drive the growth of the primary batteries market. Portable medical devices are usually used by people with chronic conditions or the elderly to keep a check on health conditions such as blood sugar levels or blood pressure. Portable medical devices powered by primary batteries can be used where charging or continuous power supply is limited.
Increasing Popularity Of Battery-Powered Toys – Use of primary batteries such as alkaline batteries in electronic toys is expected to drive the market for primary batteries in the forecast period. Battery operated toys such as toy cars, dolls, robots and drones are becoming popular.
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