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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.
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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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.
Global Primary Battery Market Trends and Drivers:
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.
Primary Battery Market Report Scope
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Type, End Use Industry and Region
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has been segmented the market into following categories:
Breakup by End Use Industry:
List of Major Key Players:
The major players in the market are 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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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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