South America Primary Battery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The South America primary battery market is expected to grow at a CAGR of more than 0.72% during the forecast period of 2020 – 2025. The demand for primary batteries remains high across the world, owing to the numerous advantages of primary batteries, such as low cost, wide application across 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 increasing adoption of secondary batteries is expected to restrain the growth of the market.
Key HighlightsThe South America primary battery market is moderately fragmented. Some of the major players include Camelion Battery Co. Ltd, Duracell Inc., Energizer Holdings Inc., Saft Groupe SA, and Panasonic Corporation.
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