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Primary Battery Market by End-user, Type and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 178
  • SKU: IRTNTR41010
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The primary battery market is estimated to grow at a CAGR of 6.36% between 2022 and 2027. The size of the market is forecast to increase by USD 6.22 billion. The growth of the market depends on several factors, including the growing demand for portable medical equipment, the increased demand from the consumer electronics market due to high consumer spending, and the favourable characteristics of primary batteries. 

This report extensively covers market segmentation by end-user (defence, medical, and others), type (Alkaline battery, Lithium battery, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

What will the Size of the Primary Battery Market be During the Forecast Period?

Primary Battery Market Size

Download Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics

Parent Market Analysis 

Technavio categorizes the global primary battery market as a part of the global renewable electricity market within the global independent power and renewable electricity market. The parent global renewable electricity market covers companies engaged in the generation and distribution of electricity using renewable sources. Our research report has extensively covered external factors influencing the parent market growth during the forecast period. 

Primary Battery Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing demand for portable medical equipment is notably driving the market growth, although factors such as the threat from rechargeable hearing aid solutions may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Market Driver

The growing demand for portable medical equipment is notably driving the primary battery market growth. The demand for portable devices is increasing. A high-energy pulse and a battery make mobile devices three-fifths smaller than typical mobile devices. Pulse power and batteries deliver long-term power solutions to high-end, sophisticated portable devices such as portable defibrillators and electrocardiograms (EKGs). Pulse power technology accumulates energy and releases it when required. Lithium batteries were first used in pacemakers in the 1960s. Now, primary lithium batteries power nearly all types of medical devices, such as surgical saws, drills, and infusion pumps. Each medical device has different functions, and according to the function, the battery varies in power or energy needed. Vendors provide a wide range of batteries with different outputs. These batteries are suitable for different applications. Hence, the growing demand for portable medical devices will drive the growth of the global market.

Key Market Trend

Legislative support for battery recycling is the primary trend driving the primary battery market growth. Primary batteries are the most commonly used type of battery for many applications. Globally, governments are formulating regulations to recycle batteries that contain harmful materials, such as alkaline cells, to prevent groundwater and environmental contamination. Recycling can allow the extraction of useful metals from scraped batteries. This allows manufacturers to overcome cost issues associated with the production of new batteries. In January 2019, the Department of Energy (DOE) in the US announced an investment of $20.5 million in the recycling of lithium-ion batteries. The investment covers the partnership with Argonne National Laboratory, the National Renewable Energy Laboratory, and Oak Ridge National Laboratory to establish a new lithium battery R&D center (estimated to cost $15 million) and prize money to design a contest, which will help develop solutions to recycle discarded lithium-ion batteries ($5.5 million). Thus, legislative support across countries worldwide will increase primary battery recycling. This and the growth of end-user segments such as hearing aids and consumer electronics will drive the growth of the global market during the forecast period.

Key Market Challenge

The threat from rechargeable hearing aid solutions may impede the primary battery market growth. The availability of rechargeable devices increases the likelihood of new purchases. With the ban on mercury-based batteries in 1996, zinc-air batteries are used in most hearing aids. Zinc-air batteries provide the highest energy output in the smallest size. Despite being small, they can power a hearing aid device for several days, which makes them an ideal choice. Manufacturing rechargeable batteries for hearing aids has been challenging. These devices have exclusive power supply requirements when compared with other electronic devices. The sales of rechargeable hearing aids are yet commercialized. However, there are rechargeable hearing aids available in the market, but they are expensive. Hence, consumers prefer traditional hearing aid devices. Battery life, pricing, and ease of use are the major concerns for users of hearing aids. If new battery designs can be developed to meet consumer needs, the adoption of rechargeable hearing instruments will increase. The development of such products is increasing the adoption of alternative batteries. Due to the availability of alternative batteries, the demand for primary batteries will decline. Hence, the threat from rechargeable hearing aid solutions will affect the growth of the global market.

Key Market Customer Landscape

Our analysis of the Life Cycle of the Global primary battery market from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global market, focusing on the adoption rates of the major regions such as the US, China, Japan, Germany, and the UK. Our researchers have included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies for 2022-2027.

Primary Battery Market Share by Geography

Global Primary Battery Market Customer Landscape

Who are the Major Primary Battery Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product / service launches, to enhance their presence in the market 

Total Energies SE - The company through its subsidiary offers primary batteries such as the LS, LSP and LSH cylindrical primary lithium battery range. Through the exploration and production segment, the company operates exploration and production activities in more than 50 countries. The segment also produces oil and gas in approximately 30 countries.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, such as

  • 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
  • Zhejiang Mustang Battery Co. Ltd

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. 

What is the Fastest-Growing Segment in the Primary Battery Market?

The market share growth by the defense segment will be significant during the forecast period. In the defense sector, the new generation of lightweight primary batteries is far more efficient than traditional lead-acid batteries and offers unparalleled benefits to advanced armed forces. Primary batteries are found in almost all weapon systems used by the US Department of Defense, especially portable devices. These batteries provide more energy along with less weight, which is beneficial for a soldier who has to carry 15-25 kilograms of batteries alone. The growth of the market in the defense segment is fueled by changes in military techniques, the demand for modern high-tech combat systems, increased demand for surveillance drones, and increased reliance on mobile technologies and remotely piloted unmanned aerial vehicles.

Primary Battery Market Size

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The defense segment showed a gradual increase in market share, from USD 8.02 billion in 2017 and continued to grow by 2021. Over the forecast period, the demand for batteries will be driven by increased military spending on advanced weaponry and the growing need for surveillance unmanned aerial vehicles (UAVs). Military operations often take place in remote and inaccessible locations and require energy to be used.

The growth of this segment is primarily attributed to the increasing adoption of the market by residential consumers, which is driven by changing lifestyles and a growing preference for comfort.

Which are the Key Regions for Primary Battery Market?

Primary Battery Market Share by Geography

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Europe is projected to contribute 31% by 2027. Another region offering significant growth opportunities to vendors is APAC. Our analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in APAC will grow significantly during the forecast period. This will be due to the increasing consumption of primary batteries for high-drain applications such as digital cameras, toys, and utility metering. The per capita annual disposable income is increasing in China, and we expect it to continue during the forecast period. In China, disposable income has been growing faster than the GDP. This has increased the consumption of high-end electronic devices such as digital cameras. According to current consumption patterns, primary batteries are expected to dominate the battery market in China during the forecast period.

From March 2020-June 2020, following the outbreak of the COVID-19 pandemic, primary battery production in APAC came to a standstill because of the unavailability of raw materials. The COVID-19 pandemic led to several transportation and logistics issues. However, after July 2020, with the introduction of vaccines and the initiation of mass vaccination drives, supply chain and logistics issues were resolved and returned to pre-COVID-19 levels. The market in APAC is expected to grow during the forecast period, as the region is expected to be one of the major electronics hubs of the world.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2028. We have segmented the market based on type, product, distribution channel, and region.

  • End-user Outlook (USD Million, 2017 - 2027)
    • Defense
    • Medical
    • Others
  • Type Outlook (USD Million, 2017 - 2027)
    • Alkaline battery 
    • Lithium battery
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Chile
    • APAC
      • China
      • India
    • North America
      • The U.S. 
      • Canada
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

    Primary Battery Market Scope

    Report Coverage

    Details

    Page number

    120

    Base year

    2022

    Historical year

    2017-2021

    Forecast period

    2023-2027

    Growth momentum & CAGR

    Accelerate at a CAGR of 6.36%

    Market growth 2023-2027

    $6.22 billion

    Market structure

    Fragmented

    YoY growth (%)

    5.28

    Regional analysis

    APAC, North America, Europe, South America, and the Middle East and Africa

    Performing market contribution

    Europe at 31%

    Key consumer countries

    US, China, Japan, Germany, and UK

    Competitive landscape

    Leading companies, Competitive Strategies, Consumer engagement scope

    Key companies profiled

    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., TotalEnergies SE, Ultralife Corp., VARTA AG, and Zhejiang Mustang Battery Co. Ltd

    Market dynamics

    Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

    Customization purview

    If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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    What are the Key Data Covered in this Primary Battery Market Report?

    • CAGR of the market during the forecast period 2023-2027
    • Detailed information on factors that will drive market growth during the next five years
    • Precise estimation of the market size and its contribution to the parent market
    • Accurate predictions on upcoming trends and changes in consumer behavior
    • The growth of the primary battery industry across APAC, North America, Europe, South America, and the Middle East and Africa
    • A thorough analysis of the market’s competitive landscape and detailed information on vendors
    • Comprehensive details of factors that will challenge the growth of market vendors

    We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global primary battery market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global primary battery market 2017 - 2021 ($ billion)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Defence - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Defence - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Defence - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Defence - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Defence - Year-over-year growth 2022-2027 (%)
    • 6.4 Medical - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Medical - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Medical - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Medical - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Medical - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 47: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 49: Chart on Comparison by Type
      • Exhibit 50: Data Table on Comparison by Type
    • 7.3 Alkaline battery - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Alkaline battery - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Alkaline battery - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Alkaline battery - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Alkaline battery - Year-over-year growth 2022-2027 (%)
    • 7.4 Lithium battery - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Lithium battery - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Lithium battery - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Lithium battery - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Lithium battery - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 63: Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Amara Raja Batteries Ltd.
              • Exhibit 116: Amara Raja Batteries Ltd. - Overview
              • Exhibit 117: Amara Raja Batteries Ltd. - Business segments
              • Exhibit 118: Amara Raja Batteries Ltd. - Key news
              • Exhibit 119: Amara Raja Batteries Ltd. - Key offerings
              • Exhibit 120: Amara Raja Batteries Ltd. - Segment focus
            • 12.4 Dongguan Large electronics Co. Ltd.
              • Exhibit 121: Dongguan Large electronics Co. Ltd. - Overview
              • Exhibit 122: Dongguan Large electronics Co. Ltd. - Product / Service
              • Exhibit 123: Dongguan Large electronics Co. Ltd. - Key offerings
            • 12.5 Energizer Holdings Inc.
              • Exhibit 124: Energizer Holdings Inc. - Overview
              • Exhibit 125: Energizer Holdings Inc. - Business segments
              • Exhibit 126: Energizer Holdings Inc. - Key offerings
              • Exhibit 127: Energizer Holdings Inc. - Segment focus
            • 12.6 EnerSys
              • Exhibit 128: EnerSys - Overview
              • Exhibit 129: EnerSys - Business segments
              • Exhibit 130: EnerSys - Key news
              • Exhibit 131: EnerSys - Key offerings
              • Exhibit 132: EnerSys - Segment focus
            • 12.7 Fujitsu Ltd.
              • Exhibit 133: Fujitsu Ltd. - Overview
              • Exhibit 134: Fujitsu Ltd. - Business segments
              • Exhibit 135: Fujitsu Ltd. - Key offerings
              • Exhibit 136: Fujitsu Ltd. - Segment focus
            • 12.8 Hitachi Ltd.
              • Exhibit 137: Hitachi Ltd. - Overview
              • Exhibit 138: Hitachi Ltd. - Business segments
              • Exhibit 139: Hitachi Ltd. - Key news
              • Exhibit 140: Hitachi Ltd. - Key offerings
              • Exhibit 141: Hitachi Ltd. - Segment focus
            • 12.9 Panasonic Holdings Corp.
              • Exhibit 142: Panasonic Holdings Corp. - Overview
              • Exhibit 143: Panasonic Holdings Corp. - Business segments
              • Exhibit 144: Panasonic Holdings Corp. - Key news
              • Exhibit 145: Panasonic Holdings Corp. - Key offerings
              • Exhibit 146: Panasonic Holdings Corp. - Segment focus
            • 12.10 Samsung SDI Co. Ltd.
              • Exhibit 147: Samsung SDI Co. Ltd. - Overview
              • Exhibit 148: Samsung SDI Co. Ltd. - Business segments
              • Exhibit 149: Samsung SDI Co. Ltd. - Key offerings
              • Exhibit 150: Samsung SDI Co. Ltd. - Segment focus
            • 12.11 Sony Group Corp.
              • Exhibit 151: Sony Group Corp. - Overview
              • Exhibit 152: Sony Group Corp. - Business segments
              • Exhibit 153: Sony Group Corp. - Key news
              • Exhibit 154: Sony Group Corp. - Key offerings
              • Exhibit 155: Sony Group Corp. - Segment focus
            • 12.12 The Duracell Co.
              • Exhibit 156: The Duracell Co. - Overview
              • Exhibit 157: The Duracell Co. - Product / Service
              • Exhibit 158: The Duracell Co. - Key news
              • Exhibit 159: The Duracell Co. - Key offerings
            • 12.13 Toshiba Corp.
              • Exhibit 160: Toshiba Corp. - Overview
              • Exhibit 161: Toshiba Corp. - Business segments
              • Exhibit 162: Toshiba Corp. - Key news
              • Exhibit 163: Toshiba Corp. - Key offerings
              • Exhibit 164: Toshiba Corp. - Segment focus
            • 12.14 TotalEnergies SE
              • Exhibit 165: TotalEnergies SE - Overview
              • Exhibit 166: TotalEnergies SE - Business segments
              • Exhibit 167: TotalEnergies SE - Key news
              • Exhibit 168: TotalEnergies SE - Key offerings
              • Exhibit 169: TotalEnergies SE - Segment focus
            • 12.15 Ultralife Corp.
              • Exhibit 170: Ultralife Corp. - Overview
              • Exhibit 171: Ultralife Corp. - Business segments
              • Exhibit 172: Ultralife Corp. - Key offerings
              • Exhibit 173: Ultralife Corp. - Segment focus
            • 12.16 VARTA AG
              • Exhibit 174: VARTA AG - Overview
              • Exhibit 175: VARTA AG - Business segments
              • Exhibit 176: VARTA AG - Key offerings
              • Exhibit 177: VARTA AG - Segment focus
            • 12.17 Zhejiang Mustang Battery Co. Ltd
              • Exhibit 178: Zhejiang Mustang Battery Co. Ltd - Overview
              • Exhibit 179: Zhejiang Mustang Battery Co. Ltd - Product / Service
              • Exhibit 180: Zhejiang Mustang Battery Co. Ltd - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 181: Inclusions checklist
                • Exhibit 182: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 183: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 184: Research methodology
                • Exhibit 185: Validation techniques employed for market sizing
                • Exhibit 186: Information sources
              • 13.5 List of abbreviations
                • Exhibit 187: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

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              Primary Battery market growth will increase by $6.22 billion during 2023-2027.
              The primary battery market is expected to grow at a CAGR of 6.36% during 2023-2027.
              Technavio has segmented the primary battery market by end-user (Defence, Medical, and Others) ,type (Alkaline battery, Lithium battery, Others, South America, and MEA) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
              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., TotalEnergies SE, Ultralife Corp., VARTA AG, Zhejiang Mustang Battery Co. Ltd are a few of the key vendors in the primary battery market.
              Europe will register the highest growth rate of 31.03% among the other regions. Therefore, the primary battery market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the primary battery market growth are:
              • Growing demand for portable medical equipment
              • Legislative support for battery recycling
              The primary battery market vendors should focus on grabbing business opportunities from the defence segment as it accounted for the largest market share in the base year.
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