PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235892
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235892
Primary Battery Market Forecasts to 2028 - Global Analysis By Type (Carbon Zinc Battery, Alkaline Manganese Battery, Lithium-ion Battery & Other Types), End User (Defense, Medical, Communications Industry, Agriculture & Other End Users) & Geography
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
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- 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
- Table 1 Global Primary Battery Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Primary Battery Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
- Table 4 Global Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
- Table 5 Global Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
- Table 6 Global Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
- Table 7 Global Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
- Table 8 Global Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
- Table 9 Global Primary Battery Market Outlook, By End User (2020-2028) ($MN)
- Table 10 Global Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
- Table 11 Global Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
- Table 12 Global Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
- Table 13 Global Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 14 Global Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 15 North America Primary Battery Market Outlook, By Country (2020-2028) ($MN)
- Table 16 North America Primary Battery Market Outlook, By Type (2020-2028) ($MN)
- Table 17 North America Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
- Table 18 North America Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
- Table 19 North America Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
- Table 20 North America Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
- Table 21 North America Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
- Table 22 North America Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
- Table 23 North America Primary Battery Market Outlook, By End User (2020-2028) ($MN)
- Table 24 North America Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
- Table 25 North America Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
- Table 26 North America Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
- Table 27 North America Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 28 North America Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 29 Europe Primary Battery Market Outlook, By Country (2020-2028) ($MN)
- Table 30 Europe Primary Battery Market Outlook, By Type (2020-2028) ($MN)
- Table 31 Europe Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
- Table 32 Europe Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
- Table 33 Europe Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
- Table 34 Europe Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
- Table 35 Europe Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
- Table 36 Europe Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
- Table 37 Europe Primary Battery Market Outlook, By End User (2020-2028) ($MN)
- Table 38 Europe Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
- Table 39 Europe Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
- Table 40 Europe Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
- Table 41 Europe Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 42 Europe Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 43 Asia Pacific Primary Battery Market Outlook, By Country (2020-2028) ($MN)
- Table 44 Asia Pacific Primary Battery Market Outlook, By Type (2020-2028) ($MN)
- Table 45 Asia Pacific Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
- Table 46 Asia Pacific Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
- Table 47 Asia Pacific Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
- Table 48 Asia Pacific Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
- Table 49 Asia Pacific Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
- Table 50 Asia Pacific Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
- Table 51 Asia Pacific Primary Battery Market Outlook, By End User (2020-2028) ($MN)
- Table 52 Asia Pacific Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
- Table 53 Asia Pacific Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
- Table 54 Asia Pacific Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
- Table 55 Asia Pacific Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 56 Asia Pacific Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 57 South America Primary Battery Market Outlook, By Country (2020-2028) ($MN)
- Table 58 South America Primary Battery Market Outlook, By Type (2020-2028) ($MN)
- Table 59 South America Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
- Table 60 South America Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
- Table 61 South America Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
- Table 62 South America Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
- Table 63 South America Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
- Table 64 South America Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
- Table 65 South America Primary Battery Market Outlook, By End User (2020-2028) ($MN)
- Table 66 South America Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
- Table 67 South America Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
- Table 68 South America Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
- Table 69 South America Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 70 South America Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 71 Middle East & Africa Primary Battery Market Outlook, By Country (2020-2028) ($MN)
- Table 72 Middle East & Africa Primary Battery Market Outlook, By Type (2020-2028) ($MN)
- Table 73 Middle East & Africa Primary Battery Market Outlook, By Carbon Zinc Battery (2020-2028) ($MN)
- Table 74 Middle East & Africa Primary Battery Market Outlook, By Alkaline Manganese Battery (2020-2028) ($MN)
- Table 75 Middle East & Africa Primary Battery Market Outlook, By Lithium-ion Battery (2020-2028) ($MN)
- Table 76 Middle East & Africa Primary Battery Market Outlook, By Silver-Oxide Battery (2020-2028) ($MN)
- Table 77 Middle East & Africa Primary Battery Market Outlook, By Zinc-Air Battery (2020-2028) ($MN)
- Table 78 Middle East & Africa Primary Battery Market Outlook, By Other Types (2020-2028) ($MN)
- Table 79 Middle East & Africa Primary Battery Market Outlook, By End User (2020-2028) ($MN)
- Table 80 Middle East & Africa Primary Battery Market Outlook, By Defense (2020-2028) ($MN)
- Table 81 Middle East & Africa Primary Battery Market Outlook, By Medical (2020-2028) ($MN)
- Table 82 Middle East & Africa Primary Battery Market Outlook, By Communications Industry (2020-2028) ($MN)
- Table 83 Middle East & Africa Primary Battery Market Outlook, By Agriculture (2020-2028) ($MN)
- Table 84 Middle East & Africa Primary Battery Market Outlook, By Other End Users (2020-2028) ($MN)
