Primary Lithium Batteries Market
Primary Lithium Batteries Market Forecasts to 2030 - Global Analysis By Type (Lithium-Thionyl Chloride Batteries, Lithium-Manganese Dioxide Batteries and Other Types), Form Factor (Cylindrical, Coin, Pouch and Prismatic), Battery Capacity, Voltage, Application and By Geography
According to Stratistics MRC, the Global Primary Lithium Batteries Market is accounted for $2.8 billion in 2024 and is expected to reach $3.9 billion by 2030 growing at a CAGR of 5.9% during the forecast period. Lithium batteries, which use lithium as the anode, are essentially non-rechargeable energy storage devices. Their high voltage, long life, and lightweight design ensure a constant voltage, making them ideal for devices that require long-term reliability, such as medical devices and electronics. These batteries come in a variety of chemistries, including lithium manganese dioxide and lithium thionyl chloride, adapted to a specific application. Being single-use, it is environmentally friendly and should be disposed of properly.
According to the U.S. Geological Survey (USGS), global lithium production increased by 23% in 2023 to approximately 180,000 tons.
Market Dynamics:
Driver:
Growing demand for portable electronics
The increasing demand for portable electronics such as smartphones, laptops, and wearable devices is a primary driver for the primary lithium batteries market. These devices require lightweight, long-lasting power sources, which lithium batteries provide due to their high energy density and long shelf life. As the proliferation of smart devices continues, the need for reliable and efficient power solutions grows, significantly boosting the market for primary lithium batteries.
Restraint:
High cost
The high cost of primary lithium batteries poses a significant restraint to market growth. These batteries are more expensive compared to other types due to the cost of raw materials like lithium and the complex manufacturing processes involved. This cost factor can limit their adoption in price-sensitive markets or applications where cost efficiency is a priority, thereby restraining overall market expansion.
Opportunity:
Advancements in battery technology
Advancements in battery technology present substantial opportunities for the primary lithium batteries market. Innovations such as improved energy density, faster charging times, and enhanced safety features are driving interest and adoption across various sectors. These technological improvements not only enhance performance but also open new application areas, further expanding market potential.
Threat:
Availability of lithium and the supply chain risks
The availability of lithium and associated supply chain risks pose significant threats to the primary lithium batteries market. The concentration of lithium mining and processing in specific regions can lead to supply disruptions due to geopolitical tensions or regulatory changes. Additionally, environmental concerns related to lithium extraction could impact supply stability, posing a threat to consistent market growth.
Covid-19 Impact:
The COVID-19 pandemic disrupted global supply chains, affecting the production and distribution of primary lithium batteries. Lockdowns and restrictions led to reduced manufacturing capacity and delayed shipments, impacting market dynamics. However, as economies recover and production resumes, the demand for portable electronics is expected to rebound, driving renewed growth in the primary lithium batteries market.
The lithium-manganese dioxide batteries segment is expected to be the largest during the forecast period
The lithium-manganese dioxide batteries segment is expected to account for the largest market share during the forecast period due to its widespread use in consumer electronics and medical devices. These batteries offer high energy density and reliability, making them ideal for applications requiring long-lasting power sources. Their dominance is further supported by advancements in battery technology that enhance performance and safety features.
The 1000-2000 mAh segment is expected to have the highest CAGR during the forecast period
The 1000-2000 mAh segment is expected to witness the highest CAGR during the forecast period. This segment caters to a growing demand for mid-range capacity batteries used in portable electronics like smartphones and tablets. The balance between size, power output, and efficiency makes this capacity range attractive for manufacturers aiming to deliver compact yet powerful solutions. As technological advancements enhance battery performance within this range, it is poised for significant growth.
Region with largest share:
The Asia Pacific region is anticipated to account for the largest market share during the forecast period due to rapid industrialization, increasing disposable incomes, and a burgeoning consumer electronics market. Countries like China, Japan, and South Korea are leading producers and consumers of electronic goods, driving demand for primary lithium batteries. The region's strong manufacturing base further supports its dominant position in the global market.
Region with highest CAGR:
The Asia Pacific region is anticipated to register the highest growth rate over the forecast period. Factors such as government initiatives promoting renewable energy solutions and electric vehicles contribute to this growth. Additionally, technological advancements in battery manufacturing within this region enhance production efficiency and innovation capacity, fueling further expansion of the primary lithium batteries market.
Key players in the market
Some of the key players in Primary Lithium Batteries Market include Duracell Inc., Energizer Holdings Inc., Panasonic Corporation, Varta AG, SAFT, FDK Corporation, Toshiba Corporation, Ultralife Corporation, Maxell Ltd., Hitachi Maxell, Ltd., GP Industries Ltd., Renata SA, Murata Manufacturing Co., Ltd., Tadiran Batteries GmbH, OmniCel Batteries, EEMB Battery Co., Ltd., EVE Energy Co., Ltd. and Sony Corporation.
Key Developments:
In November 2024, VARTA AG concludes successful ECO2LIB research project: High-performance and more cost-effective lithium-ion batteries for a wide range of applications. The project has led to significant advancements in battery technology, including increased energy density and improved recycling processes.
In August 2024, Energizer Holdings, Inc. announced plans to invest $43 million in expanded manufacturing operations and jobs in Asheboro, North Carolina, over the next several years.
In March 2024, Panasonic Group will form a joint venture with Indian Oil Corporation Ltd (IOCL) to manufacture cylindrical lithium-ion batteries, driven by the anticipated expansion of demand for batteries for two- and three-wheel vehicles and energy storage systems in the Indian market. The companies are engaging in a feasibility study regarding the utilization of battery technology to facilitate the transition to clean energy in India.
Types Covered:
• Lithium-Thionyl Chloride Batteries
• Lithium-Manganese Dioxide Batteries
• Lithium-Iodine Batteries
• Lithium-sulfur Dioxide Batteries
• Lithium-Iron Disulfide Batteries
• Other Types
Form Factors Covered:
• Cylindrical
• Coin
• Pouch
• Prismatic
Battery Capacities Covered:
• 500 mAh
• 500-1000 mAh
• 1000-2000 mAh
• Above 2000 mAh
Voltages Covered:
• 3.0 V
• 3.0-3.6 V
• 3.6-4.2 V
• Above 4.2V
Applications Covered:
• Consumer Electronics
• Medical Devices
• Aerospace & Defense
• Industrial Equipment
• Smart Meters & Security Systems
• Automotive
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Primary Lithium Batteries Market, By Type
5.1 Introduction
5.2 Lithium-Thionyl Chloride Batteries
5.3 Lithium-Manganese Dioxide Batteries
5.4 Lithium-Iodine Batteries
5.5 Lithium-sulfur Dioxide Batteries
5.6 Lithium-Iron Disulfide Batteries
5.7 Other Types
6 Global Primary Lithium Batteries Market, By Form Factor
6.1 Introduction
6.2 Cylindrical
6.3 Coin
6.4 Pouch
6.5 Prismatic
7 Global Primary Lithium Batteries Market, By Battery Capacity
7.1 Introduction
7.2 500 mAh
7.3 500-1000 mAh
7.4 1000-2000 mAh
7.5 Above 2000 mAh
8 Global Primary Lithium Batteries Market, By Voltage
8.1 Introduction
8.2 3.0 V
8.3 3.0-3.6 V
8.4 3.6-4.2 V
8.5 Above 4.2V
9 Global Primary Lithium Batteries Market, By Application
9.1 Introduction
9.2 Consumer Electronics
9.2.1 LED Lighting
9.2.2 Smoke Alarms
9.2.3 Remote Controls
9.2.4 Wearable Devices
9.3 Medical Devices
9.3.1 Hearing Aids
9.3.2 Glucose Monitors
9.3.3 Medical Stimulators
9.4 Aerospace & Defense
9.4.1 UAVs/Drones
9.4.2 Torpedoes
9.5 Industrial Equipment
9.6 Smart Meters & Security Systems
9.7 Automotive
10 Global Primary Lithium Batteries Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Duracell Inc.
12.2 Energizer Holdings Inc.
12.3 Panasonic Corporation
12.4 Varta AG
12.5 SAFT
12.6 FDK Corporation
12.7 Toshiba Corporation
12.8 Ultralife Corporation
12.9 Maxell Ltd.
12.10 Hitachi Maxell, Ltd.
12.11 GP Industries Ltd.
12.12 Renata SA
12.13 Murata Manufacturing Co., Ltd.
12.14 Tadiran Batteries GmbH
12.15 OmniCel Batteries
12.16 EEMB Battery Co., Ltd.
12.17 EVE Energy Co., Ltd.
12.18 Sony Corporation
List of Tables
1 Global Primary Lithium Batteries Market Outlook, By Region (2022-2030) ($MN)
2 Global Primary Lithium Batteries Market Outlook, By Type (2022-2030) ($MN)
3 Global Primary Lithium Batteries Market Outlook, By Lithium-Thionyl Chloride Batteries (2022-2030) ($MN)
4 Global Primary Lithium Batteries Market Outlook, By Lithium-Manganese Dioxide Batteries (2022-2030) ($MN)
5 Global Primary Lithium Batteries Market Outlook, By Lithium-Iodine Batteries (2022-2030) ($MN)
6 Global Primary Lithium Batteries Market Outlook, By Lithium-sulfur Dioxide Batteries (2022-2030) ($MN)
7 Global Primary Lithium Batteries Market Outlook, By Lithium-Iron Disulfide Batteries (2022-2030) ($MN)
8 Global Primary Lithium Batteries Market Outlook, By Other Types (2022-2030) ($MN)
9 Global Primary Lithium Batteries Market Outlook, By Form Factor (2022-2030) ($MN)
10 Global Primary Lithium Batteries Market Outlook, By Cylindrical (2022-2030) ($MN)
11 Global Primary Lithium Batteries Market Outlook, By Coin (2022-2030) ($MN)
12 Global Primary Lithium Batteries Market Outlook, By Pouch (2022-2030) ($MN)
13 Global Primary Lithium Batteries Market Outlook, By Prismatic (2022-2030) ($MN)
14 Global Primary Lithium Batteries Market Outlook, By Battery Capacity (2022-2030) ($MN)
15 Global Primary Lithium Batteries Market Outlook, By 500 mAh (2022-2030) ($MN)
16 Global Primary Lithium Batteries Market Outlook, By 500-1000 mAh (2022-2030) ($MN)
17 Global Primary Lithium Batteries Market Outlook, By 1000-2000 mAh (2022-2030) ($MN)
18 Global Primary Lithium Batteries Market Outlook, By Above 2000 mAh (2022-2030) ($MN)
19 Global Primary Lithium Batteries Market Outlook, By Voltage (2022-2030) ($MN)
20 Global Primary Lithium Batteries Market Outlook, By 3.0 V (2022-2030) ($MN)
21 Global Primary Lithium Batteries Market Outlook, By 3.0-3.6 V (2022-2030) ($MN)
22 Global Primary Lithium Batteries Market Outlook, By 3.6-4.2 V (2022-2030) ($MN)
23 Global Primary Lithium Batteries Market Outlook, By Above 4.2V (2022-2030) ($MN)
24 Global Primary Lithium Batteries Market Outlook, By Application (2022-2030) ($MN)
25 Global Primary Lithium Batteries Market Outlook, By Consumer Electronics (2022-2030) ($MN)
26 Global Primary Lithium Batteries Market Outlook, By LED Lighting (2022-2030) ($MN)
27 Global Primary Lithium Batteries Market Outlook, By Smoke Alarms (2022-2030) ($MN)
28 Global Primary Lithium Batteries Market Outlook, By Remote Controls (2022-2030) ($MN)
29 Global Primary Lithium Batteries Market Outlook, By Wearable Devices (2022-2030) ($MN)
30 Global Primary Lithium Batteries Market Outlook, By Medical Devices (2022-2030) ($MN)
31 Global Primary Lithium Batteries Market Outlook, By Hearing Aids (2022-2030) ($MN)
32 Global Primary Lithium Batteries Market Outlook, By Glucose Monitors (2022-2030) ($MN)
33 Global Primary Lithium Batteries Market Outlook, By Medical Stimulators (2022-2030) ($MN)
34 Global Primary Lithium Batteries Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
35 Global Primary Lithium Batteries Market Outlook, By UAVs/Drones (2022-2030) ($MN)
36 Global Primary Lithium Batteries Market Outlook, By Torpedoes (2022-2030) ($MN)
37 Global Primary Lithium Batteries Market Outlook, By Industrial Equipment (2022-2030) ($MN)
38 Global Primary Lithium Batteries Market Outlook, By Smart Meters & Security Systems (2022-2030) ($MN)
39 Global Primary Lithium Batteries Market Outlook, By Automotive (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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