Primary Battery Market Forecasts to 2028 – Global Analysis By Type (Lithium, Lithium-Metal, Alkaline, Zinc-Carbon, Zinc–Air, Silver-Oxide), Application (Consumer Electronics, Industrial, Defense, Medical) and By Geography
According to Stratistics MRC, the Global Primary Battery Market is accounted for $12.63 billion in 2020 and is expected to reach $20.75 billion by 2028 growing at a CAGR of 6.4% during the forecast period. Factors such as increasing military expenditure, growing demand for portable medical devices, and increasing popularity of battery-powered toys are driving the growth of the market. However, high cost of the product is hampering the growth of the market.
A primary battery is a non-rechargeable portable voltaic cell which is intended to be used once and discarded. The state-of-charge of primary batteries can be estimated by measuring the internal resistance.
Based on the type, the alkaline segment is anticipated to expand at a rapid pace during the forecast period owing to its higher energy output and longer shelf life. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to increasing demand for consumer electronics in the region.
Some of the key players profiled in the Primary Battery Market include Panasonic Corporation, Toshiba Corporation, Excell Battery Co, Duracell Inc, Camelion Battery Co. Ltd, Energizer Holdings Inc, GP Batteries International Ltd, FDK Corporation, Saft Groupe SA, Hitachi Maxell, Mustang Battery, Liwang Battery, Sunwatt, Vitzrocell, and Lijia Power Technology.
Estimated Market Size in 2020:
USD 12.63 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 20.75 billion
Tables, Graphs & Figures
Type, Application, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Consumer Electronics
• Medical (Hearing Aids)
• Aerospace & Aviation
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2019, 2020, 2021, 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
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Primary Battery Market is majorly driven by increasing military expenditure, growing demand for portable medical devices, and increasing popularity of battery-powered toys.
The Lithium-Metal segment is growing at a highest CAGR owing to its high capacity which makes it desirable for various industrial applications.
North America dominated with a significant market share due to the factors such as high military spending and increasing demand from aviation sector.
Asia Pacific market is growing at a highest CAGR owing to the growing consumer electronics sector in the developing economies of the region.
Key players in Primary Battery Market include Panasonic Corporation, Toshiba Corporation, Excell Battery Co, Duracell Inc, Camelion Battery Co. Ltd, Energizer Holdings Inc, GP Batteries International Ltd, FDK Corporation, Saft Groupe SA, Hitachi Maxell, Mustang Battery, Liwang Battery, Sunwatt, Vitzrocell, and Lijia Power Technology.
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