Technavio recognizes
the following companies as the key players in the global primary battery
market: Duracell, Energizer Holdings, Maxell Holdings, Panasonic , Saft,
SPECTRUM BRANDS, Toshiba
Commenting on the report, an analyst from Technavio’s team said: “The latest
trend gaining momentum in the market is Legislative support for battery
recycling. Primary batteries are the most commonly used type of batteries for
many applications. Globally, governments are formulating regulations to recycle
batteries that have harmful materials such as alkaline cells to prevent
groundwater and environmental contamination. Recycling can extract useful metals
from scraped batteries. This allows manufacturers to overcome cost issues
associated with the production of new batteries. Companies such as Retriev
Technologies and Raw Materials Company are focusing on primary battery
recycling.”
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According to the report, one of the major drivers for this
market is Growing The demand for portable devices is increasing. High-energy
pulse and a battery make mobile devices three-fifths smaller than typical
mobile devices. Pulse power and batteries deliver long-term power solutions to
high-end, sophisticated portable devices such as portable defibrillators and
electrocardiograms (EKGs ). Pulse power technology accumulates energy and
releases it when required. demand for portable medical equipment.
Further, the report states that one of the major factors
hindering the growth of this market is Threat from rechargeable hearing aid
solutions. The availability of rechargeable devices increases the likelihood of
new purchases. With the ban of mercury-based batteries in 1996, zinc-air
batteries are used in most hearing aids. Zinc-air batteries provide the highest
energy output in the smallest size. Despite being small, they can power a
hearing aid device for days, which makes them an ideal choice.
The study was conducted using an objective combination of
primary and secondary information including inputs from key participants in the
industry. The report contains a comprehensive market and vendor landscape in
addition to a SWOT analysis of the key vendors.
The market is expected
to grow at a CAGR of 3.45%
About Primary Battery
Primary batteries which are also called disposable batteries
are batteries that are not rechargeable. They are used in day-today devices
such as alarm clocks, remote controls, and wall clocks.
Technavio’s analysts
forecast the global primary battery market to grow at a CAGR of 4.72% during
the period 2018-2022.
Covered in this
report
The report covers the present scenario and the growth
prospects of the global primary battery market for 2018-2022. To calculate the
market size, the report considers the revenue generated from the sales of
primary battery.
Complete Report with
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The market is divided
into the following segments based on geography:
·
• Americas
·
• APAC
·
• EMEA
Technavio's report, Global Primary Battery Market 2018-2022,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
Key vendors
·
• Duracell
·
• Energizer
Holdings
·
• Maxell
Holdings
·
• Panasonic
·
• Saft
·
• SPECTRUM
BRANDS
·
• Toshiba
Market driver
·
• Growing
demand for portable medical equipment
·
• For a
full, detailed list, view our report
Market challenge
·
• Threat
from rechargeable hearing aid solutions
·
• For a
full, detailed list, view our report
Market trend
·
•
Legislative support for battery recycling
·
• For a
full, detailed list, view our report
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