Primary Batteries Market Global Industry Analysis And Development Strategy

The Business Research Company's "Primary Batteries Market" under its electrical and electronics manufacturing category covers market characteristics, key players, market size and trends
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SYDNEY - Jan. 16, 2020 - PRLog -- The global primary batteries market is expected to grow at a compound annual growth rate (CAGR) 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 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.

The recent growth that require frequent replacement of batteries, is expected to drive the growth of the primary batteries market. Use of primary batteries such as alkaline batteries in electronic toys is expected to drive the market for primary batteries in the forecast period.

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Laws which mandate producers or retailers of primary batteries to have a system for disposing and recycling of used and worn out batteries, hindered the growth of the primary batteries market in the historic period. Companies that manufacture primary batteries are advised, unless mandated, to provide drop off locations to their consumers at retail or municipal sites to dispose worn out batteries.

The primary batteries market is segmented into Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa, and China and the USA. Among these regions, Asia Pacific is the largest market for primary battery companies, accounting for about 34% of the global market. It was followed by Western Europe, North America and then the other regions.

Some of the major players involved in the primary batteries market are Panasonic Corporation, Duracell (Berkshire Hathaway), Energizer Holdings Inc., Spectrum Brands Legacy Inc. and Saft Groupe S.A.

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