Authored By: Sarah
15 Dec 2022

Primary Battery Market Analysis 2023-2027: Growing Demand for Portable Medical Equipment to Boost Market Growth   

The primary battery market share will post an incremental growth of USD 6.22 billion, progressing at a CAGR of 6.36% during the forecast period. The growing demand for portable medical equipment will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market. 

Technavio’s report on “Primary Battery Market by End-user, Type and Geography - Forecast and Analysis 2023-2027” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.

Primary Battery Market Analysis 2023-2027: Growing Demand for Portable Medical Equipment to Boost Market Growth

What are the leading segments in the Primary Battery Market? 

The primary battery market is segmented 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). 

The growth of the primary battery market size in the defense segment will be significant during the forecast period. 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. Europe is projected to contribute 31% by 2027.   

What are the factors impacting the growth of the Primary Battery Market? 

The growing demand for portable medical equipment will directly influence the sales of primary battery market. In addition, the legislative support for battery recycling is one of the major primary battery market trends that will positively impact the market growth. However, factors such as the threat from rechargeable hearing aid solutions  will hamper the primary battery market growth. 

What are the key Companies in the Primary Battery Market? 

The market is fragmented due to the presence of several players. Some of the major primary battery market vendors are 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.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.  

What are the key data covered in the Primary Battery Market report? 

  • Precise market size estimation during the forecast period 2023-2027. 

  • CAGR of the primary battery market forecast during 2023-2027. 

  • Market-level data on units, average selling prices, and values of the primary battery market share. 

  • Prediction of the upcoming trends, drivers, and factors that challenge the growth of the primary battery market. 

  • Primary battery industry growth across APAC, North America, Europe, Middle East and Africa, and South America.

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