Market Size of Asia-Pacific Primary Battery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Primary Battery Market Analysis
The Asia-Pacific primary battery market is expected to register a CAGR of more than 5.5% during the forecast period.
In 2020, COVID-19 negatively impacted the market. Presently, the market has reached its pre-pandemic level.
- Over the long term, the demand for primary batteries remains high worldwide, owing to the numerous advantages of primary batteries, such as their low cost and wide range of applications in consumer electronics, including flashlights, calculators, clocks, and smoke alarms. Factors such as rising demand for primary batteries in military applications and increased demand for consumer electronics are expected to drive the market over the forecast period.
- On the other hand, the growing use of secondary batteries is likely to slow the growth of the market.
- The domestic production of primary batteries and the replacement of carbon-zinc batteries with alkaline batteries can create immense opportunities for the primary battery market in the coming years.
China should see a lot of demand because it is a major centre for making and exporting portable electronic devices.
APAC Primary Battery Industry Segmentation
Primary batteries are single-use galvanic cells that store electricity for convenient usage, usually showing a good shelf life. The Asia-Pacific Primary Battery Market report is segmented by type. Further, the market is segmented into primary alkaline batteries, nickel-cadmium (NiCD) batteries, nickel-metal hydride (NiMH) batteries, and other types. The report also covers the market size and forecasts for the Asia-Pacific Primary Battery market across the major region or countries. For each segment, the market size and forecasts have been based on USD billion.
| Type | |
| Primary Alkaline Battery | |
| Nickel-cadmium (NiCD) Battery | |
| Nickel-Metal Hydride (NiMH) Battery | |
| Other Types |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
Asia-Pacific Primary Battery Market Size Summary
The Asia-Pacific primary battery market is poised for significant growth, driven by the increasing demand for primary batteries in various applications, particularly in consumer electronics and military sectors. The market has rebounded to pre-pandemic levels after the initial setbacks caused by COVID-19. Primary batteries, especially alkaline batteries, are favored for their cost-effectiveness, environmental benefits, and wide range of applications, including in devices like flashlights, calculators, and smoke alarms. The region's robust consumer electronics industry, particularly in China, is a major contributor to this demand. The shift from carbon-zinc to alkaline batteries and the domestic production of primary batteries further bolster market opportunities. However, the rising adoption of secondary batteries poses a challenge to the market's growth trajectory.
China's dominance in the global battery market is expected to continue, supported by its strong manufacturing capabilities and increasing military expenditure, which drives the demand for portable military devices. The country's strategic collaborations and technological advancements in battery production are likely to enhance performance and reduce costs, further solidifying its market position. The primary battery market in Asia-Pacific is characterized by fragmentation, with key players such as Camelion Battery Co. Ltd, Duracell Inc., Energizer Holdings Inc., FDK Corporation, and Panasonic Corporation actively participating. The ongoing developments and strategic moves within the region indicate a promising outlook for the primary battery market, with alkaline batteries anticipated to maintain their leading position due to the growing preference for zinc-based solutions.
Asia-Pacific Primary Battery Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Market Size and Demand Forecast in USD billion, till 2027
-
1.3 Recent Trends and Developments
-
1.4 Government Policies and Regulations
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.2 Restraints
-
-
1.6 Supply Chain Analysis
-
1.7 Porter's Five Forces Analysis
-
1.7.1 Bargaining Power of Suppliers
-
1.7.2 Bargaining Power of Consumers
-
1.7.3 Threat of New Entrants
-
1.7.4 Threat of Substitutes Products and Services
-
1.7.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Primary Alkaline Battery
-
2.1.2 Nickel-cadmium (NiCD) Battery
-
2.1.3 Nickel-Metal Hydride (NiMH) Battery
-
2.1.4 Other Types
-
-
2.2 Geography
-
2.2.1 China
-
2.2.2 India
-
2.2.3 Japan
-
2.2.4 South Korea
-
2.2.5 Rest of Asia-Pacific
-
-
Asia-Pacific Primary Battery Market Size FAQs
What is the current Asia-Pacific Primary Battery Market size?
The Asia-Pacific Primary Battery Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Primary Battery Market?
Camelion Battery Co. Ltd , Duracell Inc., Energizer Holdings Inc., FDK Corporation and Panasonic Corporation are the major companies operating in the Asia-Pacific Primary Battery Market.
