Press Release: October 24, 2018
Micro-battery is the latest addition to the primary battery market, which is as small as a rice grain. These batteries are used mostly in transmitters. Companies manufacturing these micro-batteries are small enough to be injected into an organism and last longer that similar-sized batteries.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL PRIMARY BATTERIES MARKET AT $30 BILLION IN 2017
Asia Pacific was the largest geographic region in primary batteries market in 2017, accounting for more than three-fourth of the global market. China was the largest country in the market, accounting for three-fifth of the market share.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, Absorbent Glass Mat(AGM) batteries is a class of lead acid deep cycle battery, wherein electrolyte is absorbed into a fiberglass mat. They can handle high temperatures and self-discharge more quickly, by providing consistent power output and extended battery life. AGM batteries are used in start-stop vehicles that shut off engine when the car is stationary and restarts it when driver’s foot is taken off the pedal, thereby saving fuel. AGM batteries improves fuel economy up to 5 percent.
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Panasonic was the largest player in the primary batteries market, with revenues of $9.84 billion in 2017. Panasonic’s growth strategy aims at increasing investments to enhance automotive batteries capacities in the USA by owing to grow demand for batteries from electric vehicle manufacturers.
Primary batteries manufacturing comprises establishments manufacturing disposable flashlight batteries, dry cells, lithium batteries and watch batteries. Primary batteries are small single use batteries that generate electric power from chemical reactions that occur between the terminals and the electrolyte in the battery. These are mostly used in portable devices that require low current.
Primary Batteries Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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