Primary Battery Market Size and Share

Primary Battery Market (2026 - 2031)
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Primary Battery Market Analysis by Mordor Intelligence

The Primary Battery Market size is estimated at USD 21.20 billion in 2026, and is expected to reach USD 30.22 billion by 2031, at a CAGR of 7.35% during the forecast period (2026-2031).

 Structural growth now stretches beyond routine replacement purchases as the primary battery market expands into IoT sensor networks, off-grid medical diagnostics, and defense-portable electronics, where recharging is impractical or cost-prohibitive. Rapid deployment of low-power wide-area networks, stringent green-procurement rules that favor mercury-free chemistries, and policy incentives such as U.S. Section 45X production tax credits are broadening demand while improving profitability for domestic producers. Yet, counterfeit inflows and raw-material volatility continue to strain margins, and secondary lithium-ion packs are capturing share in applications that tolerate frequent charging.

Key Report Takeaways

  • By chemistry, alkaline claimed 63.5% of the primary battery market share in 2025, while primary lithium variants are forecast to advance at a 9.5% CAGR through 2031.
  • By form factor, cylindrical cells led with 52.9% revenue share in 2025, whereas coin and button cells are projected to expand at a 9.9% CAGR through 2031.
  • By application, consumer electronics accounted for 48.4% of revenue in 2025, but IoT sensors and smart infrastructure are poised to grow at a 10.1% CAGR to 2031.
  • By geography, Asia-Pacific held 46.1% of global revenue in 2025, while the Middle East & Africa region is set to post the fastest 9.0% CAGR through 2031.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Segment Analysis

By Type: Lithium Chemistries Gain on Cold-Chain Demand

Primary lithium variants are projected to post a 9.5% CAGR between 2026 and 2031, the quickest within the primary battery market, as industrial metering and defense communications migrate to cells that operate from −40 °C to +85 °C at 3.0–3.6 V per cell.[4]Technical Data Sheets—LSP Series,” Saft, saftbatteries.com Conversely, alkaline held 63.5% revenue share in 2025 thanks to ubiquitous retail distribution. Zinc-air dominates hearing aids with 1.4-V output and up to 650 mAh capacity, while silver-oxide button cells sustain premium pricing in precision watches and glucose monitors. Recent U.S. import data show manganese-ore volumes escalating as manufacturers hedge against Chinese refining dominance.

Alkaline incumbents defend share through materials science: Panasonic’s EVOLTA NEO uses high-purity manganese dioxide with titanium additives to deliver 1.3 times longer runtime. Meanwhile, nickel-zinc variants remain niche due to limited shelf life. Zinc-carbon cells persist in price-sensitive segments but are losing ground as alkaline approaches price parity, reinforcing the gradual premiumization of the primary battery market.

Primary Battery Market: Market Share by Type
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By Form Factor: Coin Cells Ride Wearables Wave

Coin and button cells are forecast to expand at a 9.9% CAGR through 2031, buoyed by wearable medical devices and miniature IoT modules that demand compact energy sources. Cylindrical AA and AAA formats retained a 52.9% share in 2025, supported by standardized dimensions and widespread retail placement. Prismatic cells cater to OEMs seeking custom footprints but face higher tooling hurdles. Genuine CR2032 cells provide 220–240 mAh at 3.0 V in 3-g packages, whereas counterfeits deliver less than half that capacity, prompting device shutdowns and warranty claims.

The LoRa Alliance’s 125 million-device milestone intensifies demand for CR2032 and CR123A cells designed for five-to-ten-year lifecycles. Hearing-aid OEMs continue to rely on zinc-air size 10, 13, 312, and 675 buttons, underscoring the irreplaceability of specialized chemistries for ultra-small devices within the primary battery market size benchmarks.

By Application: IoT Sensors Outpace Consumer Electronics

IoT sensors and smart-infrastructure deployments are projected to rise at a 10.1% CAGR, becoming the fastest-growing slice of the primary battery market. Consumer electronics still led with 48.4% revenue in 2025, but are gradually ceding ground to rechargeable packs as costs fall. Industrial OEM segments require Li-SOCl₂ cells to guarantee decade-long service in extreme temperatures, a niche where rechargeable alternatives falter without costly thermal controls.

Medical wearables depend on silver-oxide and lithium coin cells to maintain a steady voltage across body-temperature variations. Defense and aerospace specify BA-series lithium packs for extended autonomy, further sustaining high-margin niches. Wi-Fi HaLow sensor retrofits in commercial real estate highlight the economic advantage of primary cells when maintenance labor eclipses battery cost. 

Primary Battery Market: Market Share by Application
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Geography Analysis

Asia-Pacific commanded 46.1% of revenue in 2025, reflecting China’s vertically integrated cost leadership across manganese dioxide refining, zinc powder production, and cell assembly. India’s Production-Linked Incentive scheme earmarked 18 GWh of battery capacity, largely for lithium-ion EV packs, leaving primary cell output concentrated in smaller domestic plants. Japan’s Nishikinohama factory, ramped up in late 2023, produces 48 million alkaline cells monthly, providing a non-Chinese source for premium EVOLTA NEO products. Emerging ASEAN hubs, Thailand, Vietnam, and Indonesia, are attracting coin-cell assembly for hearing aids, leveraging low labor costs and supply-chain proximity.

The Middle East & Africa region is expected to post a 9.0% CAGR to 2031, driven by decentralized-energy programs. The World Bank estimates 640–650 million people in sub-Saharan Africa still lack grid power, prompting solar-plus-microgrid deployments that reserve primary batteries for low-drain monitoring. South Africa’s 360 MW battery tender in 2024, and its 1,200 MW pipeline, principally features rechargeable chemistries for long-duration discharge, leaving primary cells in peripheral telemetry roles. Counterfeit batteries remain pervasive, undermining safety and eroding legitimate brand share.

North America and Europe are consolidating around premium niches. Energizer received USD 112.4 million in Section 45X credits in fiscal 2025, underpinning domestic production. Its May 2025 purchase of Advanced Power Solutions NV added Polish capacity, albeit at a short-term margin cost. EU EPR mandates continue to lift compliance expenses, which established players can absorb more readily than new entrants. South American growth centers on Brazil and Argentina as e-commerce unlocks rural demand, though logistics obstacles in the Amazon and Patagonia impede deeper penetration.

Primary Battery Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The primary battery market exhibits moderate concentration. Duracell, Energizer, and Panasonic Energy jointly control about 55–60% of global alkaline revenue through strong branding, shelf dominance, and vertical integration. Energizer’s APS acquisition expands European output and diversifies supply chains, while Panasonic pushes performance boundaries with titanium-enhanced cathodes that deliver 1.3 times longer runtime. Saft, Ultralife, and FDK specialize in industrial primary lithium cells with 10-year shelf lives, positioning themselves for metering and defense contracts where alkaline incumbents are less active.

Chinese challengers, EVE Energy, Zhejiang Mustang, Xiamen 3-Circle, undercut Western pricing by 15–20%, but lack strong consumer brands. Counterfeit inflows, largely sourced from China and Hong Kong, amount to 24% of seized dangerous goods and compress legitimate margins. U.S. policy incentives may temper import reliance, yet the scheduled phase-down of Section 45X credits after 2032 leaves future competitiveness uncertain for domestic manufacturers.

Primary Battery Industry Leaders

  1. Duracell

  2. Energizer

  3. Panasonic Energy

  4. GP Batteries

  5. Varta AG

  6. *Disclaimer: Major Players sorted in no particular order
Primary Battery Market Concentration
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Recent Industry Developments

  • November 2025: Eveready Industries India Ltd has unveiled its latest offering: the Eveready Ultima Lithium range. This new lineup features AA and AAA lithium batteries, tailored for modern high-drain and tech-savvy devices. Eveready's Ultima Lithium batteries boast a lifespan that's up to 15 times longer than standard alkaline batteries, and they offer an impressive shelf life of up to 15 years.
  • June 2025: Murata Manufacturing Co., Ltd. has announced that its Board of Directors has approved the transfer of its micro primary battery business, currently operated by Murata and its wholly owned subsidiary, Tohoku Murata Manufacturing Co., Ltd., to Maxell, Ltd. The company has also finalized a share transfer agreement with Maxell.
  • January 2025: Nordic Semiconductor, a global leader in low-power wireless connectivity solutions, has introduced the nPM2100 PMIC, the latest addition to its nPM Power Management IC family.
  • July 2024: Maxell unveiled its latest manganese battery series, named Super Power Ace and Power Ace. The revamped packaging now mirrors the aesthetics of the alkaline (GD) batteries, boosting its visibility.

Table of Contents for Primary Battery Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surging demand from smart-home & IoT single-use sensors
    • 4.2.2 Rapid growth of off-grid medical devices in emerging markets
    • 4.2.3 Expansion of defence portable electronics budgets
    • 4.2.4 Shift toward mercury-free chemistries & green purchasing mandates
    • 4.2.5 Mainstream consumer-electronics replacement cycle
    • 4.2.6 E-commerce penetration widening retail reach
  • 4.3 Market Restraints
    • 4.3.1 Competition from secondary batteries & super-capacitors
    • 4.3.2 Extended Producer-Responsibility (EPR) fees inflating costs
    • 4.3.3 Raw-material price volatility (zinc, lithium, manganese)
    • 4.3.4 Counterfeit battery inflow in Asia & Africa
  • 4.4 Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry

5. Market Size & Growth Forecasts

  • 5.1 By Type
    • 5.1.1 Alkaline
    • 5.1.2 Primary Lithium (Li-MnO₂, Li-SOCl₂, Li-CFx)
    • 5.1.3 Zinc-Air
    • 5.1.4 Zinc-Carbon/Chloride
    • 5.1.5 Silver-Oxide and Others
  • 5.2 By Form Factor
    • 5.2.1 Cylindrical (AA, AAA, C, D)
    • 5.2.2 Coin and Button Cells
    • 5.2.3 Prismatic/Packaged
    • 5.2.4 Others (Special shapes)
  • 5.3 By Application
    • 5.3.1 Consumer Electronics
    • 5.3.2 Industrial and OEM
    • 5.3.3 Medical and Healthcare
    • 5.3.4 Defence and Aerospace
    • 5.3.5 IoT Sensors and Smart-Infrastructure
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.2 Europe
    • 5.4.2.1 United Kingdom
    • 5.4.2.2 Germany
    • 5.4.2.3 France
    • 5.4.2.4 Spain
    • 5.4.2.5 NORDIC Countries
    • 5.4.2.6 Russia
    • 5.4.2.7 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 India
    • 5.4.3.3 Japan
    • 5.4.3.4 South Korea
    • 5.4.3.5 ASEAN Countries
    • 5.4.3.6 Australia and New Zealand
    • 5.4.3.7 Rest of Asia-Pacific
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Colombia
    • 5.4.4.4 Rest of South America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 South Africa
    • 5.4.5.4 Egypt
    • 5.4.5.5 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves (M&A, Partnerships, PPAs)
  • 6.3 Market Share Analysis (Market Rank/Share for key companies)
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
    • 6.4.1 Duracell Inc.
    • 6.4.2 Energizer Holdings Inc.
    • 6.4.3 Panasonic Energy Co., Ltd.
    • 6.4.4 GP Batteries International Ltd.
    • 6.4.5 Saft (TotalEnergies)
    • 6.4.6 Ultralife Corporation
    • 6.4.7 FDK Corporation
    • 6.4.8 Varta AG
    • 6.4.9 Maxell Holdings, Ltd.
    • 6.4.10 Sony (Murata Energy)
    • 6.4.11 Rayovac (Spectrum Brands)
    • 6.4.12 Fujitsu Batteries
    • 6.4.13 Camelion Battery Co., Ltd.
    • 6.4.14 Philips Lighting (Signify)
    • 6.4.15 Zhejiang Mustang Battery
    • 6.4.16 EVE Energy Co., Ltd.
    • 6.4.17 Tianqiu (T&E)
    • 6.4.18 Renata SA (Swatch Group)
    • 6.4.19 Xiamen 3-Circle Battery
    • 6.4.20 Tenergy Corporation

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-need Assessment
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Global Primary Battery Market Report Scope

Primary batteries refer to portable batteries designed to be used once and discarded. Primary batteries are non-rechargeable as the electrochemical reactions in the cell are irreversible.

The global primary battery market is segmented by type, form factor, application, and geography. By type, the market is segmented into alkaline, primary lithium, zinc-air, zinc-carbon/chloride, and silver-oxide and others. By form factor, the market is segmented into cylindrical, coin and button cells, prismatic/packaged, and others. By application, the market is segmented into consumer electronics, industrial and OEM, medical and healthcare, defence and aerospace, IoT sensors, and smart infrastructure. The report also covers market size and forecasts for the primary battery market across major regions. The market sizing and forecasts have been projected in revenue (USD) for each segment.

By Type
Alkaline
Primary Lithium (Li-MnO₂, Li-SOCl₂, Li-CFx)
Zinc-Air
Zinc-Carbon/Chloride
Silver-Oxide and Others
By Form Factor
Cylindrical (AA, AAA, C, D)
Coin and Button Cells
Prismatic/Packaged
Others (Special shapes)
By Application
Consumer Electronics
Industrial and OEM
Medical and Healthcare
Defence and Aerospace
IoT Sensors and Smart-Infrastructure
By Geography
North AmericaUnited States
Canada
Mexico
EuropeUnited Kingdom
Germany
France
Spain
NORDIC Countries
Russia
Rest of Europe
Asia-PacificChina
India
Japan
South Korea
ASEAN Countries
Australia and New Zealand
Rest of Asia-Pacific
South AmericaBrazil
Argentina
Colombia
Rest of South America
Middle East and AfricaSaudi Arabia
United Arab Emirates
South Africa
Egypt
Rest of Middle East and Africa
By TypeAlkaline
Primary Lithium (Li-MnO₂, Li-SOCl₂, Li-CFx)
Zinc-Air
Zinc-Carbon/Chloride
Silver-Oxide and Others
By Form FactorCylindrical (AA, AAA, C, D)
Coin and Button Cells
Prismatic/Packaged
Others (Special shapes)
By ApplicationConsumer Electronics
Industrial and OEM
Medical and Healthcare
Defence and Aerospace
IoT Sensors and Smart-Infrastructure
By GeographyNorth AmericaUnited States
Canada
Mexico
EuropeUnited Kingdom
Germany
France
Spain
NORDIC Countries
Russia
Rest of Europe
Asia-PacificChina
India
Japan
South Korea
ASEAN Countries
Australia and New Zealand
Rest of Asia-Pacific
South AmericaBrazil
Argentina
Colombia
Rest of South America
Middle East and AfricaSaudi Arabia
United Arab Emirates
South Africa
Egypt
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current value of the primary battery market?

The primary battery market size stood at USD 21.20 billion in 2026.

How fast is the primary battery market expected to grow?How fast is the primary battery market expected to grow?

The market is forecast to post a 7.35% CAGR, reaching USD 30.22 billion by 2031.

Which chemistry is growing fastest?

Primary lithium variants are projected to expand at a 9.5% CAGR through 2031.

Which region leads revenue generation?

Asia-Pacific held 46.1% of global revenue in 2025 due to China’s manufacturing dominance.

Which application segment will outpace others?

IoT sensors and smart-infrastructure deployments are set to grow at a 10.1% CAGR to 2031.

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