South America Primary Battery Market Size (2024 - 2029)

The South American Primary Battery Market is projected to experience growth driven by the rising demand in military applications and consumer electronics. Despite the challenges posed by the increasing adoption of secondary batteries, opportunities are anticipated through domestic production and the transition from carbon-zinc to alkaline batteries. The market has rebounded to pre-pandemic levels, with Brazil expected to show significant demand due to its urbanization and economic growth.

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Market Size of South America Primary Battery Industry

South America Primary Battery Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 0.72 %
Market Concentration Low

Major Players

South America Primary Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Primary Battery Market Analysis

The South American Primary Battery Market is expected to grow at a CAGR of more than 0.72% during the forecast period.

COVID-19 moderately impacted the market in 2020. Presently the market has now reached pre-pandemic levels.

  • 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 increasing adoption of secondary batteries is expected to restrain the market's growth.
  • The domestic production of primary batteries and the replacement of carbon-zinc with alkaline batteries can create immense opportunities for the primary battery market in the coming years.
  • Brazil is expected to witness significant demand due to its increased urbanization and GDP growth rate in the coming years.

South America Primary Battery Industry Segmentation

Primary batteries are used to supply power to a wide range of electrical equipment, such as consumer electronics and implantable medical devices.

South America Primary Battery Market is segmented by type and geography. By type, the market is segmented into primary alkaline batteries, nickel-cadmium (NiCD) batteries, nickel-metal hydride (NiMH) battery, and other types. The report also covers the market size and forecasts for the South America Primary Battery Market across the major countries in the region. The market size and forecasts for each segment have been done based on revenue (USD billion).

Type
Primary Alkaline Battery
Nickel-cadmium (NiCD) Battery
Nickel-metal Hydride (NiMH) Battery
Other Types
Geography
Brazil
Argentina
Colombia
Rest of South America
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South America Primary Battery Market Size Summary

The South American Primary Battery Market is poised for growth, driven by increasing demand in military applications and the consumer electronics sector. The market has rebounded to pre-pandemic levels after a moderate impact from COVID-19. However, the rise in the adoption of secondary batteries presents a challenge to market expansion. Opportunities are emerging from the domestic production of primary batteries and the transition from carbon-zinc to alkaline batteries. Brazil is anticipated to be a significant contributor to market demand, fueled by urbanization and economic growth. The primary alkaline battery is expected to maintain its dominance due to its high energy output, cost-effectiveness, and environmental benefits, making it a preferred choice over carbon-zinc batteries.

In the long term, Brazil's economic prospects are promising, with urbanization and increased disposable income likely to boost the demand for household gadgets powered by primary batteries. The consumer electronics market is expected to experience gradual growth, supported by a robust electrical and electronics industry. Brazil's dependency on imports for primary batteries highlights the importance of distributor networks and channel partners in meeting market demands. The market is moderately fragmented, with key players such as Camelion Battery Co. Ltd, Duracell Inc., Energizer Holdings Inc., Saft Groupe SA, and Panasonic Corporation. Additionally, Argentina is making strides in battery manufacturing, with plans to establish lithium battery plants, indicating a broader regional interest in battery technology advancements.

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South America Primary Battery Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Primary Alkaline Battery

      2. 2.1.2 Nickel-cadmium (NiCD) Battery

      3. 2.1.3 Nickel-metal Hydride (NiMH) Battery

      4. 2.1.4 Other Types

    2. 2.2 Geography

      1. 2.2.1 Brazil

      2. 2.2.2 Argentina

      3. 2.2.3 Colombia

      4. 2.2.4 Rest of South America

South America Primary Battery Market Size FAQs

The South America Primary Battery Market is projected to register a CAGR of greater than 0.72% during the forecast period (2024-2029)

Camelion Battery Co. Ltd , Duracell Inc., Energizer Holdings Inc., Saft Groupe SA and Panasonic Corporation are the major companies operating in the South America Primary Battery Market.

South America Primary Battery Report Snapshots

South America Primary Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)