Global Primary Battery Market – Rising Demand for Portable Medical Equipment to Drive Growth | Technavio

LONDON–(BUSINESS WIRE)–#Energy–The latest market research report by Technavio
on the global
primary battery market predicts a CAGR of around 5%
during the period 2018-2022.

The report segments the global primary battery market by battery type
(alkaline battery and lithium battery) and by geography (the Americas,
EMEA, and APAC). It provides a detailed illustration of the major
factors influencing the market, including drivers, opportunities,
trends, and industry-specific challenges.

Here are some key findings of the global primary battery market,
according to Technavio energy
researchers:

• Growing demand for portable medical equipment: a major market driver
• Legislative support for battery recycling: emerging market trend
• In 2017, the Americas held a share of around 38% of the global primary
  battery market

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Growing demand for portable medical equipment: a major market driver

The growing demand for portable medical equipment is one of the major
factors driving the global primary
battery market. The demand for portable devices has been
increasing. High-energy pulse and a battery can make mobile devices
three-fifths smaller than typical mobile devices. Pulse power and
batteries provide long-term power solutions to high-end, sophisticated
portable devices such as portable defibrillators and electrocardiograms
(EKGs). Pulse power technology accumulates energy and releases it when
required.

According to a senior analyst at Technavio for research on energy
storage, “Primary lithium batteries provide power to nearly
all types of medical devices such as surgical saws, drills, and infusion
pumps. Each medical device has different functions, and the battery
varies in power or energy needed depending on the function. Thus, the
increasing demand for portable medical devices will drive the growth of
the global primary battery market.”

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Legislative support for battery recycling: emerging market trend

Primary batteries are the most regularly used type of batteries for many
applications. Governments around the world are formulating regulations
to recycle batteries, which have harmful materials such as alkaline
cells to prevent groundwater and environmental contamination. Recycling
can extract useful metals from scraped batteries. This permits
manufacturers to overcome cost issues associated with the production of
new batteries. Government legislation on battery recycling mainly aims
to create environment-friendly and economically sustainable business
models and guarantee recycling efficiency. Different recycling methods
for different battery technologies provide different benefits.

Global market opportunities

In 2017, the Americas held a share of around 38% of the global primary
battery market. This was because of an increase in the use of
consumer electronics and other products such as hearing aid devices,
watches, and clocks. The Americas was followed by EMEA and APAC
respectively. By 2022, the Americas is anticipated to hold nearly 37.00%
share of the global primary battery market. This will be because of the
shift toward secondary batteries.

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