Companies in this industry manufacture primary (disposable) batteries and storage (rechargeable) batteries for consumer, automotive, and industrial use. Major US companies include East Penn Manufacturing, Energizer, EnerSys, Exide Technologies, and Spectrum Brands (Rayovac); leading companies based outside the US include Taiwan's Cheng Uei Precision Industry (known as Foxlink), GP Batteries (Singapore), GS Yuasa (Japan), and Johnson Controls (Ireland).
The global battery market generates more than $125 billion in annual revenue, according to Inkwood Research. An increase in the use of consumer electronics powered by rechargeable batteries, as well as demand for electric vehicles, is expected to drive revenue growth. Batteries are a core technology underpinning the shift to energy decarbonization, according to the World Economic Forum.
The US battery manufacturing industry includes about 225 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $14 billion.
Demand depends primarily on the level of activity in the automotive and electronic sectors of the economy. Personal income drives new battery purchases in consumer goods, and consumer usage levels drive demand for replacement batteries. Large companies have economies of scale in purchasing. Smaller producers compete by focusing on specialized products and customer service. The US industry is highly concentrated: the eight largest companies account for about 75% of revenue.
Imports account for 50% of the US market for batteries; leading sources are Japan, China, and South Korea. US-manufactured batteries are exported primarily to Canada and Mexico. Exports total about 35% of US production.
Products, Operations & Technology
Major product categories are storage batteries (about 70% of industry revenue) and primary batteries (about 30%). Storage batteries (also called secondary
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms