Market Size of South America Primary Battery Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
