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World Primary Lithium Battery Markets
Frost & Sullivan, Jan 2008
This Frost & Sullivan research service entitled World Primary Lithium Battery Market provides in-depth analysis of market revenue; unit shipment analysis and detailed market analysis of world primary lithium battery market highlighting the drivers and restraints for the market. In this research, Frost & Sullivan's expert analysts thoroughly examine the primary lithium battery market based on lithium/sulfur dioxide, lithium/thionyl chloride and lithium/manganese dioxide battery chemistries. Geographical analysis of the market segments the market into North America, Europe, Asia pacific and Rest-of-world regions. End-user applications are reviewed extensively for each primary lithium battery chemistry.
Inherent Advantages of Primary Lithium Batteries Drive Adoption in Various Applications
Lithium batteries have superior energy density and life cycle compared to other primary battery chemistries and can last for nearly 10 years, making them preferable for critical applications. These batteries have wide operating temperature and exhibit efficient performance in rugged atmospheres. Increasing industrial automation and automation of manufacturing sector also supports the need for primary lithium batteries.
'The World Primary Lithium battery market generated and estimated $ 1.10 billion in 2007,' says the analyst of this research. 'This market is expected to witness medium growth with lithium/manganese dioxide market growing at significant pace.' However, the market is highly competitive amongst the different primary lithium battery chemistries. Additionally, the threat from secondary lithium-ion batteries also has an influence in the growth of certain primary lithium batteries used in select consumer applications.
Military/Defense and Medical Equipment Applications Encourage Lithium Battery Market Significantly
With increasing military reconnaissance operations across the world, the need for sophisticated and technically advanced equipment has escalated several folds. Technical advancements, in turn, result in higher power requirements, which boost the demand for batteries with long life and efficient performance. Primary lithium batteries satisfy these specifications and increasing military budgets and expenditure for equipment directly influences the primary battery market. Lithium batteries are also extensively used for medical applications in various life support devices. Many implantable devices, automatic external defibrillators, and infusion pumps prefer primary lithium batteries as they are most suited for medical devices.
One area of concern is the fact that these batteries tend to emit toxic gases and hazardous elements if electrolytes are leaked. 'These batteries cause environmental pollution when disposal is not taken care properly,' elaborates the analyst. 'Hence manufacturing, utilization and disposal of these batteries involve many regulations to be complied, which can affect demand unless proper measures are enforced.'
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