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The primary battery market size is estimated to grow by USD 5.5 billion at a CAGR of 5.45% between 2023 and 2028. The growing demand for portable medical equipment is driven by factors such as an increasing focus on home healthcare and the need for mobile diagnostic and monitoring devices. The increased demand from the consumer electronics market, fueled by high consumer spending on devices such as smartphones, tablets, and wearables, is driving the demand for primary batteries as power sources. Additionally, the favorable characteristics of primary batteries, such as their long shelf life and reliability, are further contributing to primary battery market growth by making them a preferred choice for various applications.
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The market share growth by the defence 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. They are found in almost all weapon systems used by the US Department of Defense, especially portable devices. These 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.
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The defense segment showed a gradual increase in market share, from USD 8.30 billion in 2018. Over the forecast period, the demand 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. Hence, such factors are fuelling the growth of this segment during the forecast period.
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Europe is projected to contribute 55% by 2028. Another region offering significant growth opportunities to companies 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 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, they are expected to dominate the battery market in China during the forecast period.
The market is driven by the demand for single-use batteries that power various devices such as remote controls, smoke detectors, and wristwatches. These non-rechargeable batteries are popular due to their high energy and storage capacity. They are also widely used in portable medical equipment, including surgically implanted cardiac pacemakers and portable defibrillators. Despite their advantages, disposal of primary batteries remains a concern for environmentalists, leading to the development of more environmentally friendly options. The market continues to innovate to meet the power needs of modern mobile devices and smart meters.
The market encompasses various types of batteries, including dry cells and galvanic cells, which are commonly used in everyday devices such as door locks, home smoke detectors, and tire pressure gauges. These are known for their reliability and low maintenance, making them ideal for applications requiring long-term power supply without the need for frequent replacement. They are also used in animal-tracking devices and other equipment that require low battery drainage. They operate based on oxidation-reduction reactions between the cathode and anode, with electrolytes facilitating the flow of electrons. Popular examples include zinc-carbon primary batteries, often found in battery-powered toys and portable media players. Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The growing demand for portable medical equipment is notably driving primary battery market growth. The demand for portable devices is on the rise, with high-energy pulse and battery technology making mobile devices three-fifths smaller than conventional mobile devices. This technology relies on rechargeable batteries and electrochemical reactions to provide power in a more compact form. Unlike non-rechargeable batteries, which rely on power-generating chemicals that are depleted over time, rechargeable batteries can be reused, making them more sustainable for portable devices. This technology provides long-term power solutions for sophisticated portable devices like portable defibrillators and electrocardiograms (EKGs) by accumulating and releasing energy as needed.
While lithium batteries were initially used in pacemakers in the 1960s, they are now the primary power source for various medical devices such as surgical saws, drills, and infusion pumps. Each medical device has unique power requirements based on its function, leading to a wide range with different outputs being available from various companies. This variety also caters to other applications such as smart meters, intelligent drill bits in mining, animal tracking devices, wristwatches, remote light beacons, and electronic keys, each with specific power needs. This variety caters to different applications, driving the growth of the global market for portable medical devices. Hence, such factors are driving the market during the forecast period.
Legislative support for battery recycling is the primary trend driving primary battery market growth. These are the most commonly used type of battery for many applications. Globally, governments are formulating regulations to recycle 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 USD 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 USD 15 million) and prize money to design a contest, which will help develop solutions to recycle discarded lithium-ion batteries (USD 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.
The threat from rechargeable hearing aid solutions may impede 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. They 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 to be 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 alternatives. Due to the availability of alternative batteries, the demand will decline. Hence, the threat from rechargeable hearing aid solutions will affect the growth of the global market during the forecast period.
Our analysis of the Life Cycle of the Global market from the innovator’s stage to the laggard’s stage. The Primary Battery market growth analysis 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 2023-2028.
Market Customer Landscape
Companies 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 companies, such as
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Primary Battery market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
The market encompasses healthcare applications and Internet of Things (IoT) devices with a focus on secondary batteries. It includes primary alkaline batteries such as AAA and AA, known for their specific energy and leak-proof designs. These non-rechargeable batteries are cost-effective and environment-friendly, containing alkaline electrolyte with components like potassium and sodium hydroxide. Their energy density and leakage resistance make them ideal for various applications, from glucose monitors to TV remote controls, contributing to the electronics industry and urbanization trends.
The market includes Primary Alkaline Battery and various battery chemistries. It caters to the non-rechargeable battery market, offering fully discharged options with varying voltage levels. These batteries, including carbon-zinc, micro alkaline coin cells, and button cells, are used in daily lives, from blood pressure monitors to aircraft equipment. With a focus on easy disposal and mercury-free solutions, this market meets the positive demand for consumer electronics products and industrial electronics, contributing to retail trade revenue and total production value.
The market offers a range of solutions, including carbon-zinc batteries and disposable batteries, featuring manganese dioxide chemistry. These cater to various sectors, including the UN Transport and defense industry, where low energy demand and reliable performance are crucial. With a focus on sustainability, the market emphasizes trash and active collection methods. Despite the rise of new technologies, color TV sets and various electronics components and devices still rely on primary batteries, reflecting their continued relevance in today's market. This is particularly evident in regions with higher purchasing parity per capita (PPP).
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.45% |
Market growth 2024-2028 |
USD 5.5 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.97 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 55% |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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 forecasting, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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