Primary Battery Market
PUBLISHED: 2023 ID: SMRC22488
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Primary Battery Market

Primary Battery Market Forecasts to 2028 - Global Analysis By Type (Carbon Zinc Battery, Alkaline Manganese Battery, Lithium-ion Battery and Other Types), End User (Defense, Medical, Communications Industry, Agriculture and Other End Users) and Geography

4.3 (18 reviews)
4.3 (18 reviews)
Published: 2023 ID: SMRC22488

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $9.02 BN

Projected Year Value (2028)

US $12.02 BN

CAGR (2022 - 2028)

4.9%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Primary Battery Market is accounted for $9.02 billion in 2022 and is expected to reach $12.02 billion by 2028 growing at a CAGR of 4.9% during the forecast period. Primary batteries are small, single-use batteries that produce electricity through chemical reactions between the battery's terminals and electrolyte. They consist of alkaline batteries, lithium batteries, zinc-carbon batteries, and dry cell batteries. Low-drain portable electronics typically use primary batteries. The primary battery market is distinct from the secondary battery market. Non-rechargeable and disposable batteries are referred to as primary batteries.

According to McKinsey, the cost of batteries fell about 80% between 2010 and 2016, from $1000 to $227/kWh. Some predictions estimate that prices are set to fall below $100/kWh by 2030, around the same time as the government are aiming for 50% of all new vehicles sold in the UK will be electric.



Market Dynamics:

Driver:

Growing demand for portable medical equipment

The growth of the primary battery market is primarily being driven by the demand for portable medical equipment. The need for portable electronics is growing. Mobile devices are three-fifths smaller than typical mobile devices thanks to a battery and a high-energy pulse. Pulse power and batteries provide high-end, sophisticated portable devices like portable defibrillators and electrocardiograms (EKGs) with long-term power solutions. The energy in pulse power technology is stored and released as needed.

Restraint:

Long life of rechargeable batteries

The historical period saw a decline in the market for primary batteries due to the rising popularity of rechargeable batteries, which have a longer lifespan than primary batteries. A rechargeable battery can be fully charged for about a day and recharged 500–1000 times, depending on capacity, before being disposed of, whereas primary batteries need to be changed frequently, which is impeding market growth.

Opportunity:

Growing demand from defense sector

Modern lightweight primary batteries are significantly more effective than conventional lead-acid batteries in the defence industry and provide unparalleled advantages to highly developed armed forces. Almost all weapon systems used by the US Department of Defense contain primary batteries, particularly portable devices. These batteries provide more energy while weighing less for a soldier who must carry 15-25 kilogrammes of batteries alone. The demand for modern, high-tech combat systems, an increase in the demand for surveillance drones, and a greater reliance on mobile technologies and remotely piloted unmanned aerial vehicles are all factors driving the growth of the market in the defence sector.

Threat:

Stringent regulations

Government regulations that required manufacturers or retailers of primary batteries to have a system for getting rid of and recycling used and worn-out batteries constrained the market's expansion in the past. Manufacturers of primary batteries are advised, unless required by law, to offer consumers places to drop off used batteries at retail or municipal locations.

Covid-19 Impact:

The COVID-19 pandemic has considerably hindered the production of primary batteries because of prolonged lockdowns in countries across the globe. This has resulted in moderately slow market revenue growth. Because there were no raw materials available after the COVID-19 pandemic, primary battery production was put on hold. Numerous logistics and transportation issues were brought on by the COVID-19 pandemic.

The Alkaline Manganese Battery segment is expected to be the largest during the forecast period

Owing to their wide usage in agriculture, defence, and communications industries, the alkaline manganese battery segment is expected to be the largest during the forecast period. Alkaline manganese batteries are a particular kind of primary battery that has a wide range of uses, including in the communications, defence, and agricultural industries. They are non-rechargeable batteries with potassium hydroxide and zinc-based alkaline electrolytes. Compared to nickel-cadmium batteries, these ones are more affordable and robust. Such factors are boosting the segments' growth.

The Defense segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the defense segment is estimated to grow at the highest CAGR. In the defence industry, primary batteries are used in the majority of weapon systems, particularly in portable devices. They are high-energy, lightweight equipment. The demand for modern, high-tech combat systems, an increase in the demand for surveillance drones, and a greater reliance on mobile technologies and remotely piloted unmanned aerial vehicles are all factors driving the growth of the market in the defence sector.

Region with largest share:

In terms of the largest share, North America is expected to witness significant growth during the forecast period. One factor contributing to this region's enormous opportunity for new entrants to penetrate is the existence of a number of major players. Furthermore, with the availability of cutting-edge technologies and effective production methods for a variety of batteries, the market in this region is also expanding significantly.

Region with highest CAGR:

Asia Pacific is anticipated to have the highest CAGR during the forecast period due to the sharp rise in consumer electronics the demand will support the expansion of the Asia Pacific market. This is because primary batteries are being consumed more frequently by high-drain devices like digital cameras, toys, and utility metres. In China, the annual disposable income per capita is rising. More quickly than the GDP, disposable income has been increasing in China. The use of expensive electronics like digital cameras has increased as a result. These factors are promoting market expansion in the area.



Key players in the market

Some of the key players in Primary Battery market include Amara Raja Batteries Ltd., Camelion Batteries GmbH, Dongguan Large Electronics Co. Ltd., EaglePicher Technologies LLC, Energizer Holdings Inc., EnerSys, EVE Energy Co. Ltd., Fujitsu Ltd., GP Industries Ltd., Hitachi Ltd., Integer Holdings Corp., Panasonic Holdings Corp., Samsung SDI Co. Ltd., Sony Group Corp., The Duracell Co., Toshiba Corp., Ultralife Corp., VARTA AG and Zhejiang Mustang Battery Co. Ltd.

Key Developments:

In May 2019, Wuhan FANSO Technology Co., Ltd. announced to initiate production from a new facility. The manufacturing unit is set to produce lithium manganese battery packs and is automated with a capacity of up to 30 million units annually.

In December 2018, Toshiba Corporation declared its plan to restructure and expand battery business verticals. The company strategized to operate the segment as an independent unit and hence grow its versatility and production capacity of batteries.

Types Covered:
• Carbon Zinc Battery
• Alkaline Manganese Battery
• Lithium-ion Battery
• Silver-Oxide Battery
• Zinc-Air Battery
• Other Types

End Users Covered:
• Defense
• Medical
• Communications Industry
• Agriculture
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End Users Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Primary Battery Market, By Type
5.1 Introduction
5.2 Carbon Zinc Battery
5.3 Alkaline Manganese Battery
5.4 Lithium-ion Battery
5.5 Silver-Oxide Battery
5.6 Zinc-Air Battery
5.7 Other Types

6 Global Primary Battery Market, By End User
6.1 Introduction
6.2 Defense
6.3 Medical
6.4 Communications Industry
6.5 Agriculture
6.6 Other End Users

7 Global Primary Battery Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa

8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies

9 Company Profiling
9.1 Amara Raja Batteries Ltd.
9.2 Camelion Batteries GmbH
9.3 Dongguan Large Electronics Co. Ltd.
9.4 EaglePicher Technologies LLC
9.5 Energizer Holdings Inc.
9.6 EnerSys
9.7 EVE Energy Co. Ltd.
9.8 Fujitsu Ltd.
9.9 GP Industries Ltd.
9.10 Hitachi Ltd.
9.11 Integer Holdings Corp.
9.12 Panasonic Holdings Corp.
9.13 Samsung SDI Co. Ltd.
9.14 Sony Group Corp.
9.15 The Duracell Co.
9.16 Toshiba Corp.
9.17 Ultralife Corp.
9.18 VARTA AG
9.19 Zhejiang Mustang Battery Co. Ltd

List of Tables
1 Global Primary Battery Market Outlook, By Region (2020-2028) ($MN)
2 Global Primary Battery Market Outlook, By Type (2020-2028) ($MN)
3 Global Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
4 Global Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
5 Global Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
6 Global Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
7 Global Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
8 Global Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
9 Global Primary Battery Market Outlook, By End User (2020-2028) ($MN)
10 Global Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
11 Global Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
12 Global Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
13 Global Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
14 Global Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
15 North America Primary Battery Market Outlook, By Country (2020-2028) ($MN)
16 North America Primary Battery Market Outlook, By Type (2020-2028) ($MN)
17 North America Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
18 North America Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
19 North America Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
20 North America Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
21 North America Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
22 North America Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
23 North America Primary Battery Market Outlook, By End User (2020-2028) ($MN)
24 North America Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
25 North America Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
26 North America Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
27 North America Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
28 North America Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
29 Europe Primary Battery Market Outlook, By Country (2020-2028) ($MN)
30 Europe Primary Battery Market Outlook, By Type (2020-2028) ($MN)
31 Europe Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
32 Europe Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
33 Europe Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
34 Europe Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
35 Europe Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
36 Europe Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
37 Europe Primary Battery Market Outlook, By End User (2020-2028) ($MN)
38 Europe Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
39 Europe Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
40 Europe Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
41 Europe Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
42 Europe Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
43 Asia Pacific Primary Battery Market Outlook, By Country (2020-2028) ($MN)
44 Asia Pacific Primary Battery Market Outlook, By Type (2020-2028) ($MN)
45 Asia Pacific Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
46 Asia Pacific Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
47 Asia Pacific Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
48 Asia Pacific Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
49 Asia Pacific Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
50 Asia Pacific Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
51 Asia Pacific Primary Battery Market Outlook, By End User (2020-2028) ($MN)
52 Asia Pacific Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
53 Asia Pacific Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
54 Asia Pacific Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
55 Asia Pacific Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
56 Asia Pacific Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
57 South America Primary Battery Market Outlook, By Country (2020-2028) ($MN)
58 South America Primary Battery Market Outlook, By Type (2020-2028) ($MN)
59 South America Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
60 South America Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
61 South America Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
62 South America Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
63 South America Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
64 South America Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
65 South America Primary Battery Market Outlook, By End User (2020-2028) ($MN)
66 South America Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
67 South America Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
68 South America Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
69 South America Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
70 South America Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
71 Middle East & Africa Primary Battery Market Outlook, By Country (2020-2028) ($MN)
72 Middle East & Africa Primary Battery Market Outlook, By Type (2020-2028) ($MN)
73 Middle East & Africa Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
74 Middle East & Africa Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
75 Middle East & Africa Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
76 Middle East & Africa Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
77 Middle East & Africa Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
78 Middle East & Africa Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
79 Middle East & Africa Primary Battery Market Outlook, By End User (2020-2028) ($MN)
80 Middle East & Africa Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
81 Middle East & Africa Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
82 Middle East & Africa Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
83 Middle East & Africa Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
84 Middle East & Africa Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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