Primary Battery Market: Current Analysis and Forecast (2020-2030)

The primary battery is a convenient source of power for portable electric and electronic devices, lighting, photographic equipment, PDAs (Personal Digital Assistants), communication equipment, hearing aids, watches, toys, memory backup, and a wide variety of others. In addition, primary battery are convenient, simple, and easy to use, requires less maintenance, and can be sized and shaped to fit the application coupled with good shelf life, reasonable energy and power density, reliability, and acceptable cost are some of the factors driving the market size of the primary battery.

Further, the growing demand for portable power sources and the support for space, military, and environment improvement programs are accelerating the adoption of zinc-carbon or Leclanche batteries which is also fuelling the market size of the primary battery. Furthermore, the recent advancement in primary batteries such as power density, shelf life, and safety resulted in new uses in medical electronics, memory backup, and other long-term applications as well as in an improvement in the lifetime and reliability of battery-operated equipment.

Based on type, the primary battery market is bifurcated into the primary alkaline battery, primary lithium battery, and other types. The primary alkaline battery segment caters extensive share of the market and is expected to grow at a significant rate in the forecasted period as well. Primary alkaline batteries are among the most popular non-rechargeable battery market. It has a high specific energy and is cost-effective, environment-friendly, and leak-proof, even when fully discharged. Factors such as the long shelf life of an alkaline battery that can be stored for up to 10 years coupled with a good safety record and can be carried on an aircraft without being subject to UN Transport and other regulations are driving the market size of primary alkaline batteries. In addition, alkaline batteries are environment-friendly and can be disposed of as trash, and do not require active collection and recycling. This creates a positive demand for these batteries since other rechargeable consumer batteries must be appropriately collected and recycled.

Based on application, the primary battery market is segmented into defense, aerospace, medical, aviation, and others. The defense segment caters extensive share of the market and is anticipated to grow at an influential CAGR in the forecasted period as well. Factors such as the rising adoption of portable electronic devices such as torpedoes, UAVs/UUVs, and other devices coupled with reliable, portable energy storage keeps soldiers connected, aware, and safe accelerating the demand for the primary battery.

For a better understanding of the market adoption of primary batteries, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Rest of World. The Asia Pacific market is expected to register the highest growth rate in the forecast period. It is mainly owing to the large manufacturing facilities of toys, electronic devices, like remote controls, watches, and medical equipment, like glucose monitors and blood pressure monitors in the region are driving the market size of primary batteries. In addition, the soaring development of portal devices in medical, defense, and consumer electronics across the region is also encouraging the demand for the primary battery market. For instance: The government of Japan is aiming to manufacture domestic portable medical devices not only to reduce the dependency on imports but also to become a major exporter. Some of the government programs aimed at driving medical device manufacturing are Japan's Revitalization Strategy and Health and Medical Strategy.

Some of the major players operating in the market include: Camelion Batterien GmbH, Duracell Inc., EaglePicher Technologies, Energizer Holdings Inc., FDK Corporation (Fujitsu Limited), GP Industries Limited (Gold Peak Industries Limited), Integer Holdings Corporation, Maxell Ltd. (Hitachi Ltd.), Panasonic Holdings Corporation, and Saft (TotalEnergies SE).