This report describes and explains the lithium primary batteries market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The global lithium primary batteries market reached a value of nearly $2,852.4 million in 2021, having declined at a compound annual growth rate (CAGR) of -2.4% since 2016. The market is expected to grow from $2,852.4 million in 2021 to $3,086.9 million in 2026 at a rate of 1.6%. The market is then expected to grow at a CAGR of 1.0% from 2026 and reach $3,246.8 million in 2031.
Growth in the historic period resulted from increasing demand for consumer electronics, strong economic growth in emerging markets, rise in disposable income and increased demand for air travel. Factors that negatively affected growth in the historic period were shift in demand to secondary batteries, coronavirus pandemic and increasing costs.
Going forward, increasing demand for portable electronic devices using lithium primary batteries and increasing demand from medical industry will drive the growth. Factors that could hinder the growth of the lithium primary batteries market in the future include demand-supply gap in the lithium industry, shortage of raw materials, battery disposal, stringent government regulations and restrictions on free trade.
The lithium primary batteries market is segmented by type into lithium/thionyl chloride battery (Li/SOCl2), lithium/manganese dioxide battery (Li/MnO2), and lithium/polycarbon monofluoride battery (Li/Cfx). The lithium/manganese dioxide battery (Li/MnO2) market was the largest segment of the lithium primary batteries market segmented by type, accounting for 47.1% of the total in 2021. Going forward, the lithium/manganese dioxide battery (Li/MnO2) segment is expected to be the fastest growing segment in the lithium primary batteries market segmented by type, at a CAGR of 1.63% during 2021-2026.
The lithium primary batteries market is also segmented by application into aerospace and defense, medical, industrial, other applications. The other applications market was the largest segment of the lithium primary batteries market segmented by application, accounting for 49.8% of the total in 2021. Going forward, the industrial segment is expected to be the fastest growing segment in the lithium primary batteries market segmented by application, at a CAGR of 1.7% during 2021-2026.
The lithium primary batteries market is segmented by voltage into low (less than 4.5V), medium (4.6V to 12V) and high (13V and above). The low (less than 4.5V) market was the largest segment of the lithium primary batteries market segmented by voltage, accounting for 66.2% of the total in 2021. Going forward, the high (13V and above) segment is expected to be the fastest growing segment in the lithium primary batteries market segmented by voltage, at a CAGR of 1.7% during 2021-2026.
Asia Pacific was the largest region in the lithium primary batteries market, accounting for 36.6% of the total in 2021. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the lithium primary batteries market will be Asia Pacific and Western Europe where growth will be at CAGRs of 2.1% and 1.6% respectively. These will be followed by North America and South America where the markets are expected to grow at CAGRs of 1.4% and 1.1% respectively.
The global lithium primary batteries market is concentrated, with a small number of large players in the market. The top ten competitors in the market made up to 32.18% of the total market in 2021. The market concentration can be attributed to the high barriers to entry in terms of high costs associated with lithium primary batteries and the stringent regulations set up by the regulatory authorities. Some major players in the market are Berkshire Hathaway Inc (Duracell), EVE Energy, Panasonic, Energizer Holdings Inc., FDK, Ultralife, Varta AG, Maxell Ltd, GP Industries Ltd, SAFT and other players.
The top opportunities in the lithium primary batteries market segmented by type will arise in the lithium/manganese dioxide battery (Li/MnO2) segment, which will gain $113.3 million of global annual sales by 2026. The top opportunities in the lithium primary batteries market segmented by application will arise in the other applications segment, which will gain $114.9 million of global annual sales by 2026. The top opportunities in the lithium primary batteries market segmented by voltage will arise in the low (less than 4.5V) segment, which will gain $153.4 million of global annual sales by 2026. The lithium primary batteries market size will gain the most in China at $84.2 million.
Market-trend-based strategies for the lithium primary batteries market include focus on 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.
Player-adopted strategies in the lithium primary batteries market include focusing on strengthening business operations through the launch of innovative solutions, expand production capabilities through strategic investments, focuses on offering high quality batteries through the launch of new products, enhancing business capabilities through strategic acquisitions and strengthening the production system through the centralization of production plants.
To take advantage of the opportunities, the publisher recommends the lithium primary batteries companies focus on paper-based bio-battery, use artificial intelligence (AI), launch lithium battery certification programs, expand in emerging markets, focus on strategic partnerships and collaborations, offer competitive pricing, continue to use B2B promotions, continue to participate in events and conferences and focus on fast-growing applications.
The global lithium primary batteries market reached a value of nearly $2,852.4 million in 2021, having declined at a compound annual growth rate (CAGR) of -2.4% since 2016. The market is expected to grow from $2,852.4 million in 2021 to $3,086.9 million in 2026 at a rate of 1.6%. The market is then expected to grow at a CAGR of 1.0% from 2026 and reach $3,246.8 million in 2031.
Growth in the historic period resulted from increasing demand for consumer electronics, strong economic growth in emerging markets, rise in disposable income and increased demand for air travel. Factors that negatively affected growth in the historic period were shift in demand to secondary batteries, coronavirus pandemic and increasing costs.
Going forward, increasing demand for portable electronic devices using lithium primary batteries and increasing demand from medical industry will drive the growth. Factors that could hinder the growth of the lithium primary batteries market in the future include demand-supply gap in the lithium industry, shortage of raw materials, battery disposal, stringent government regulations and restrictions on free trade.
The lithium primary batteries market is segmented by type into lithium/thionyl chloride battery (Li/SOCl2), lithium/manganese dioxide battery (Li/MnO2), and lithium/polycarbon monofluoride battery (Li/Cfx). The lithium/manganese dioxide battery (Li/MnO2) market was the largest segment of the lithium primary batteries market segmented by type, accounting for 47.1% of the total in 2021. Going forward, the lithium/manganese dioxide battery (Li/MnO2) segment is expected to be the fastest growing segment in the lithium primary batteries market segmented by type, at a CAGR of 1.63% during 2021-2026.
The lithium primary batteries market is also segmented by application into aerospace and defense, medical, industrial, other applications. The other applications market was the largest segment of the lithium primary batteries market segmented by application, accounting for 49.8% of the total in 2021. Going forward, the industrial segment is expected to be the fastest growing segment in the lithium primary batteries market segmented by application, at a CAGR of 1.7% during 2021-2026.
The lithium primary batteries market is segmented by voltage into low (less than 4.5V), medium (4.6V to 12V) and high (13V and above). The low (less than 4.5V) market was the largest segment of the lithium primary batteries market segmented by voltage, accounting for 66.2% of the total in 2021. Going forward, the high (13V and above) segment is expected to be the fastest growing segment in the lithium primary batteries market segmented by voltage, at a CAGR of 1.7% during 2021-2026.
Asia Pacific was the largest region in the lithium primary batteries market, accounting for 36.6% of the total in 2021. It was followed by North America, and then the other regions. Going forward, the fastest-growing regions in the lithium primary batteries market will be Asia Pacific and Western Europe where growth will be at CAGRs of 2.1% and 1.6% respectively. These will be followed by North America and South America where the markets are expected to grow at CAGRs of 1.4% and 1.1% respectively.
The global lithium primary batteries market is concentrated, with a small number of large players in the market. The top ten competitors in the market made up to 32.18% of the total market in 2021. The market concentration can be attributed to the high barriers to entry in terms of high costs associated with lithium primary batteries and the stringent regulations set up by the regulatory authorities. Some major players in the market are Berkshire Hathaway Inc (Duracell), EVE Energy, Panasonic, Energizer Holdings Inc., FDK, Ultralife, Varta AG, Maxell Ltd, GP Industries Ltd, SAFT and other players.
The top opportunities in the lithium primary batteries market segmented by type will arise in the lithium/manganese dioxide battery (Li/MnO2) segment, which will gain $113.3 million of global annual sales by 2026. The top opportunities in the lithium primary batteries market segmented by application will arise in the other applications segment, which will gain $114.9 million of global annual sales by 2026. The top opportunities in the lithium primary batteries market segmented by voltage will arise in the low (less than 4.5V) segment, which will gain $153.4 million of global annual sales by 2026. The lithium primary batteries market size will gain the most in China at $84.2 million.
Market-trend-based strategies for the lithium primary batteries market include focus on 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.
Player-adopted strategies in the lithium primary batteries market include focusing on strengthening business operations through the launch of innovative solutions, expand production capabilities through strategic investments, focuses on offering high quality batteries through the launch of new products, enhancing business capabilities through strategic acquisitions and strengthening the production system through the centralization of production plants.
To take advantage of the opportunities, the publisher recommends the lithium primary batteries companies focus on paper-based bio-battery, use artificial intelligence (AI), launch lithium battery certification programs, expand in emerging markets, focus on strategic partnerships and collaborations, offer competitive pricing, continue to use B2B promotions, continue to participate in events and conferences and focus on fast-growing applications.
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Report Attribute | Details |
---|---|
No. of Pages | 216 |
Published | November 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD
| USD 2852.4 Million |
Forecasted Market Value ( USD
| USD 3246.8 Million |
Compound Annual Growth Rate | 1.3% |
Regions Covered | Global |
Table of Contents
1. Lithium Primary Batteries Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction and Market Characteristics
7. Major Market Trends
8. Global Market Size And Growth
9. Global Lithium Primary Batteries Market Segmentation
10. Lithium Primary Batteries Market, Regional And Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions In The Lithium Primary Batteries Market
20. Lithium Primary Batteries Market Opportunities And Strategies
21. Lithium Primary Batteries Market, Conclusions And Recommendations
22. Appendix
Executive Summary
Lithium Primary Batteries Global Market Opportunities And Strategies To 2031 from the publisher provides the strategists; marketers and senior management with the critical information they need to assess the global lithium primary batteries market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
- Create regional and country strategies on the basis of local data and analysis
- Identify growth segments for investment
- Outperform competitors using forecast data and the drivers and trends shaping the market
- Understand customers based on the latest market research findings
- Benchmark performance against key competitors
- Utilize the relationships between key data sets for superior strategizing
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for lithium primary batteriess? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The lithium primary batteries market global report from the publisher answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider lithium primary batteries market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the lithium primary batteries market
- Key Trends - Highlights the major trends shaping the global lithium primary batteries market. This section also highlights likely future developments in the market
- Global Market Size and Growth- Global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods
- Regional Analysis - Historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region
- Market Segmentation- Contains the market values (2016-2031) and analysis for segmentation by type, by application, and by voltage
- Regional Market Size and Growth - Regional market size (2021), historic (2016-2021) and forecast (2021-2026) and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets
- Conclusions And Recommendations - Includes recommendations for lithium primary batteries providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currency codes used in this report
Scope
Markets Covered:
- 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 (46V To 12V); High (13V And Above)
- 3) By Application: Aerospace And Defense; Medical; Industrial; Other Applications
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; lithium primary batteries indicators comparison.
Data segmentations:country and regional historic and forecast data; market share of competitors; market segments.
and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Ultralife
- Varta AG
- Maxell Ltd.
- GP Industries Ltd.
- SAFT
Methodology
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