Press release
Lithium Primary Batteries Market: Size, Share, Growth, Trends, Competitive Analysis And Forecast To 2033
Lithium Primary Batteries Market
The Business Research Company offers in-depth market insights through Lithium Primary Batteries Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The lithium primary batteries market size has grown steadily in recent years. It will grow from $2.89 billion in 2023 to $2.96 billion in 2024 at a compound annual growth rate (CAGR) of 2.4%. The growth in the historic period can be attributed to increasing demand for consumer electronics, strong economic growth in emerging markets, rise in disposable income and increased demand for air travel.
The lithium primary batteries market size is expected to see steady growth in the next few years. It will grow to $3.27 billion in 2028 at a compound annual growth rate (CAGR) of 2.5%. The growth in the forecast period can be attributed to increasing demand for portable electronic devices using lithium primary batteries and increasing demand from medical industry. Major trends in the forecast period include manufacturing paper-based bio-batteries, focus on employing artificial intelligence and machine learning techniques, focus on launching battery certification program and focus on automation and robotic technologies in the manufacturing process.
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Market Segmentation:
The lithium primary batteries market covered in this report is segmented -
1) By Type: Lithium/Thionyl Chloride Battery (Li/SOCl2), Lithium/Manganese Dioxide Battery (Li/MnO2), Lithium/Polycarbon Monofluoride Battery (Li/Cfx)
2) By Voltage: Low (Less Than 4.5V), Medium (4.6V To 12V), High (13V And Above)
4) By Operation: Rechargeable, Non-rechargeable
3) By Application: Aerospace And Defense, Medical, Industrial, Other Applications
Major Driver - Consumer Electronics Drive Growth In The Lithium Primary Batteries Market
Increasing demand for consumer electronics contributed to the growth of the lithium primary batteries market. Non-rechargeable primary batteries such as dry batteries and button-type batteries are commonly used in consumer appliances like remote controls for TVs, clocks, and toys. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan reached 771,457 units. In addition, consumer electronics production reached 32,099 units in May 2023, compared to 25,268 units in May 2022. The primary batteries market experiences huge demand from the consumer electronics segment, which in turn is anticipated to propel the revenues generated for the lithium primary batteries market.
Competitive Landscape:
Major companies operating in the lithium primary batteries market report are Ultralife, Varta AG, Maxell Ltd, GP Industries Ltd, SAFT, Amar Raja Batteries Ltd, Surya Roshini Ltd, China Electronics Cooperation, Fujian Jinhua Integrated Circuit, Konka Group Co. Ltd ,, Hisense Group, Sunwoda Electronic Co, Tianneng Group, Chaowei Power Holdings Limited, Desay Battery Co. Ltd., Attero Recycling Pvt. Ltd., Indo National Limited, HBL Power Systems Ltd, Nexperia, ARM, 3db Access AG, Cobham, Dialog Semiconductor, AKOM, InoBat Auto, Samsung SDI, SK Innovation, LG Chem , Valence Technology Inc, A123 Systems LLC, Rock Tech Lithium, Standard Lithium, American Lithium, Tesla Inc, Bren-Tronics Inc, EnerSys Ltd, Smart Modular Technologies, IntelBras, Tecsys, Multilaser, Flextronics, Digitron, AUTER, Ducasse Comercial Ltd, Advanced Electronics Company, Arabian Power Electronics Company, Leap Technologies FZC, United Transformers Electric, Electro Power Systems, Terraco, Avnet South Africa, Kenstan Design Tech, Luminous Nigeria, Dimaps Nigeria Limited, Monbat Batteries Plc, TFP Nigeria Limited, Electrocomp (PTY) Ltd
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Top Trend - Development Of Paper-Based Bio-Batteries As New Power Source
The launch of paper-based bio-battery powered by bacteria has created immense demand in the lithium primary batteries market. Paper has unique edges as a material for biosensors. With its unique advantages as a material for biosensors, it is being used in the development of paper-based bio-battery. By integrating bacteria into paper batteries, researchers created a cheap, sustainable way to power billions of sensors and devices. The paper battery currently has a shelf life of about four months and is for one-time use. As commercial batteries are too wasteful and expensive and cannot be integrated into paper substrates, the best solution is to shift to a paper-based bio-battery.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Lithium Primary Batteries Market Characteristics
3. Lithium Primary Batteries Market Trends And Strategies
4. Lithium Primary Batteries Market - Macro Economic Scenario
5. Lithium Primary Batteries Market Size And Growth
…..
27. Lithium Primary Batteries Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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