Press Release

Primary Battery Market to Reach USD26 Billion Mark by 2030 Due to Increasing Demand from Healthcare Sector

Global Primary Battery Market size was valued at around USD18.8 billion in 2024 and is projected to reach USD 26 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.6% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. Various factors are attributed to the market growth. Portable consumer electronics are driving the primary battery market for remote controls, hearing aids, flashlights, and much more. They provide ease of use and are, therefore, indispensable in daily life. Their longer shelf life makes them good for shock-proof applications such as emergencies, where rechargeable options are not available. The medical industry is another growth factor, as devices such as pacemakers, glucose monitoring systems, and hearing aids all depend upon the stable output of primary batteries. Defense and aerospace applications also contribute to the market growth, as high energy density power sources are necessary for power packs used in defense equipment, drones, and emergency communication systems. The increased demand from such remote applications includes industrial sensors, tracking devices, and smart meters in off-grid locations, which has further fueled the need for primary batteries.

Also, the market is shaped by several emerging trends and opportunities. A highlighted trend has been an increasing focus on improving lithium-based primary battery technology with a particular emphasis on lithium-thionyl chloride and lithium-manganese dioxide for higher energy density and improved performance. Miniaturization is another important development, as the demand grows for smaller and more efficient power sources for wearable, IoT, and medical implant applications. There is a rising demand for long-lasting, maintenance-free primary batteries. This is due to their requirement in the growing IoT-connected technologies such as smart packaging, asset tracking, and remote sensors. Sustainability is also shaping the market as manufacturers are working towards non-toxic and environment-friendly alternatives to traditional alkaline and mercury-containing batteries. Automation in battery manufacturing is growing rapidly, which has improved the efficiencies of producing cells resulting in reduced costs while allowing for better quality assurance and consistency in battery performance.

However, there are some challenges impeding the market growth, majorly related to the high cost and environmental issues. The increasing growth of e-waste is putting immense pressure on potential disposals of used batteries, leading to serious environmental fallout and strict regulatory exposure from various government agencies. Another challenge is associated with the volatility of raw material prices affecting production costs and market stability. The competition with alternative technologies, like secondary (rechargeable) batteries, remains an indirect challenge since consumers and industries have begun to adopt more sustainable and cost-effective power solutions.

Moreover, judicial pressure to comply with stringent regulations on battery composition is adding up to the cost. This is because manufacturers now have to spend heavily on R&D compliance with different standards that keep changing. Supply chain disruptions and raw material shortages are complicating the market dynamics, with geopolitical strains and resources limiting the availability of critical battery components, further states the research report, “Global Primary Battery Market Analysis, 2025”.

Global Primary Battery Market Segmentation Analysis

Primary Alkaline Batteries Serving a Large Pool of Customers

Based on type, the market is further segmented into primary alkaline batteries, primary lithium batteries, and others. The primary alkaline battery has the largest market share of around 45%. This segment is a market leader mainly because it is extensively used in consumer electronics, remote controls, toys, flashlights, and other portable products. The segment's success is due to the best possible (cost-effectiveness, reliability, and performance) features of alkaline batteries over other types of primary batteries. The batteries find a good uptake in low-to-moderate-drain applications where constant voltage output and adequate shelf life are essential. Demand from the developing markets adds to the growth of the segment, along with the continued growth of battery-powered consumer electronics. Moreover, the progress in alkaline battery manufacturing technology enabled better performance attributes and extended shelf life, further boosting the segment growth in the market.

Asia-Pacific Region is the Epicenter of Primary Battery Industry

The Asia Pacific region constitutes a massive share of the primary battery market, which is over 40%. This is because the region has the highest toy production, electronic devices such as remote controls and watches, as well as medical devices such as blood glucose and blood pressure monitoring globally. Further, China is very important, considering the large battery manufacturing industry and government initiatives to push for IoT penetration utilizing primary batteries. Additionally, India's significance arises from the Smart Cities Mission, with IoT execution alone expected to heighten demand for IoT devices and batteries. Two aspects that are expected to drive the growth prospect of primary batteries in the Asia-Pacific are technological improvements and the potential to fuse within the IoT.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including, Duracell Inc., Energizer Holdings Inc., FDK Corporation, Panasonic Corporation, Toshiba Corporation, Sony Group Corporation, GP Batteries International Ltd., Varta AG, Renata SA, Maxell Holdings, Ltd., EVE Energy Co., Ltd., Tadiran Batteries, VARTA Microbattery GmbH, Ultralife Corporation, Saft Groupe SA, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?