The report segments the global primary battery market by battery type (alkaline battery and lithium battery) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global primary battery market, according to Technavio energy researchers:
- Growing demand for portable medical equipment: a major market driver
- Legislative support for battery recycling: emerging market trend
- In 2017, the Americas held a share of around 38% of the global primary battery market
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
Growing demand for portable medical equipment: a major market driver
The growing demand for portable medical equipment is one of the major factors driving the global primary battery market. The demand for portable devices has been increasing. High-energy pulse and a battery can make mobile devices three-fifths smaller than typical mobile devices. Pulse power and batteries provide 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.
According to a senior analyst at Technavio for research on energy storage, “Primary lithium batteries provide power to nearly all types of medical devices such as surgical saws, drills, and infusion pumps. Each medical device has different functions, and the battery varies in power or energy needed depending on the function. Thus, the increasing demand for portable medical devices will drive the growth of the global primary battery market.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Legislative support for battery recycling: emerging market trend
Primary batteries are the most regularly used type of batteries for many applications. Governments around the world are formulating regulations to recycle batteries, which have harmful materials such as alkaline cells to prevent groundwater and environmental contamination. Recycling can extract useful metals from scraped batteries. This permits manufacturers to overcome cost issues associated with the production of new batteries. Government legislation on battery recycling mainly aims to create environment-friendly and economically sustainable business models and guarantee recycling efficiency. Different recycling methods for different battery technologies provide different benefits.
Global market opportunities
In 2017, the Americas held a share of around 38% of the global primary battery market. This was because of an increase in the use of consumer electronics and other products such as hearing aid devices, watches, and clocks. The Americas was followed by EMEA and APAC respectively. By 2022, the Americas is anticipated to hold nearly 37.00% share of the global primary battery market. This will be because of the shift toward secondary batteries.
Technavio’s best deals of the month!
Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the Health and Wellness category for the entire month.
Celebrate International Astronomy Day by indulging in a whopping 30% savings on all reports in the Space category. Offer valid from 16th April for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.