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 |
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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.
