LONDON--(BUSINESS WIRE)--Technavio has been monitoring the primary battery market and it is poised to grow by $ 4.39 bn during 2020-2024, decelerating at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
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What are the major trends in the market?
Increased demand from the consumer electronics market due to high consumer spending is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 5.38% and the incremental growth of the market is anticipated to be $ 4.39 bn. -
Who are the top players in the market?
Duracell Inc., Energizer Holdings Inc., Enersys, FDK Corp., Maxell Holdings Ltd., Panasonic Corp., Saft Groupe SA, Sony Corp., Toshiba International Corp., and Zhejiang Mustang Battery Co. Ltd., are some of the major market participants. -
What is the key market driver?
The demand for portable medical equipment is one of the major factors driving the market. -
How big is the APAC market?
The APAC region will contribute 40% of the market share.
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Duracell Inc., Energizer Holdings Inc., Enersys, FDK Corp., Maxell Holdings Ltd., Panasonic Corp., Saft Groupe SA, Sony Corp., Toshiba International Corp., and Zhejiang Mustang Battery Co. Ltd. are some of the major market participants. The demand for portable medical equipment will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Primary battery market 2020-2024: Segmentation
Primary battery market is segmented as below:
-
Type
- Alkaline Battery
- Lithium Battery
- Others
-
Geographic Landscape
- North America
- APAC
- Europe
- South America
- MEA
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Primary battery market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The primary battery market report covers the following areas:
- Primary battery market Size
- Primary battery market Trends
- Primary battery market Industry Analysis
This study identifies increased demand from the consumer electronics market due to high consumer spending as one of the prime reasons driving the primary battery market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Primary battery market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist primary battery market growth during the next five years
- Estimation of the primary battery market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the primary battery market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of primary battery market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- Alkaline battery - Market size and forecast 2019-2024
- Lithium battery - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Duracell Inc.
- Energizer Holdings Inc.
- Enersys
- FDK Corp.
- Maxell Holdings Ltd.
- Panasonic Corp.
- Saft Groupe SA
- Sony Corp.
- Toshiba International Corp.
- Zhejiang Mustang Battery Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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