Key Highlights

• A lithium-ion battery is a non-volatile battery that uses lithium as its main energy source. Unlike rechargeable lithium-ion batteries, lithium batteries are designed for single use and cannot be used. These batteries usually have a lithium anode, a cathode made of iron oxide or sulphur dioxide, and an electrolyte that facilitates the flow of ions between the electrodes. Lithium batteries are known primarily for their high energy density; They provide stable, long-lasting power for a variety of applications, including remote controls, medical devices and some electronic devices. They are the first choice when a lightweight and compact power solution is required and the payment is not good. However, environmental concerns encourage recycling services to dispose of lithium batteries in the first place to minimize the environmental impact of their chemical composition. Increasing demand for electronic products and increased use of waste materials in the defense and medical industries will lead to the growth of the world's leading lithium battery market. Additional R&D activities to improve the safety and performance of lithium batteries will further strengthen the sector. A battery is a device that contains positive and negative electrodes in a liquid medium containing an electrolyte containing cations and anions to support the flow of electric current. Mainstream lithium batteries are made from a mixture of lithium metal and different salts and other compounds. The button produces a voltage. It is a non-rechargeable battery with low cost, high energy density, long life and wide working area.

• The market size of the worldwide Lithium Primary Battery Industry surpassed USD XX Billion in 2023, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.

• In January 2023, Energizer Holdings announced the completion of the acquisition of Spectrum Brand's battery and lighting business. The purpose of the acquisition is to increase the company's production capacity and thus expand its business area.

• Primary alkaline batteries are one of the most popular battery types in the non-rechargeable battery industry. It has special strength, is very useful, environmentally friendly and does not leak even when completely extinguished. Lye can be stored for up to 10 years, has a good safety record, and can be transported by drones under UN shipping and other regulations. Alkaline batteries are batteries that use zinc and manganese dioxide as electrodes. The alkaline electrolyte used in these batteries is potassium hydroxide or sodium hydroxide. These batteries have stable electricity, better energy and leakage resistance than carbon-zinc. Additionally, basic alkaline batteries have become an important part of daily life, especially for lower energy consumption. Alkaline batteries are available in many sizes, including AAA, AA, and 9V, suitable for low-energy applications such as consumer electronics remote controls, and C, D, and 9V, suitable for high-voltage applications. However, other sizes such as micro alkaline coin cells and hinges are also used in several industrial and medical applications. Growth in consumer electronics, medical equipment and defense industries is increasing the demand for primary alkaline batteries. For example, according to data from the Ministry of Finance of Japan and the Japan Electricity Association, the sales volume of alkaline primary batteries in the Japanese battery and battery industry in 2021 increased by 30 million units (+2.42%) compared to 2020. It will reach 1.27 billion units in 2021. Alkaline batteries are environmentally friendly and can be thrown away. They also do not need to be refilled and recycled. However, batteries produced by almost all major companies do not contain mercury and therefore do not cause environmental pollution or waste. This creates a huge demand for these batteries as other rechargeable batteries need to be stored and recycled properly. The primary alkaline battery market is expected to grow at a lower rate than the secondary battery during the forecast period. However, factors such as the ease of disposal of alkaline batteries and the fact that most electric consumers still use alkaline batteries should drive the market.

Scope of the Industry Profile

Key Players

• Hitachi Maxell (Japan)

• Ultralife (US)

• Energizer (US)

• FDK Corporation (Japan)

• Tadiran (Israel)

• Vitzrocell (US)

• EVE Energy (China)

• Panasonic (Japan)

• SAFT (France)

• Varta (Germany)

Segmentation

By Operation

• Rechargeable

• Non-Rechargeable

By Voltage

• Low (Below 12 V)

• Medium (12 V-36 V)

• High (Above 36 V)

By Capacity

• Up to to 3,000 mAh

• 3,000 to 10,000 mAh

• 10,000 to 60,000 mAh

• Above 60,000 mAh

By Battery Type

• Lithium Thionyl Chloride Battery (Li Socl2)

• Lithium Manganese Dioxide Battery (Li Mno2)

• Lithium Polycarbon Monofluoride Battery (Li Cfx)

• Lithium-Iron Disulfide Battery (Li-FeS2)

• Other Types

By Application

• Automotive

• Power & Utility

• Telecommunication

• Marine

• Aerospace & Defense

• Medical & Pharma

• Industrial

• Others Applications

What to Expect from Industry Profile

1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Lithium Primary Battery market in the world.

2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Lithium Primary Battery market.

3. Leading company profiles reveal details of key Lithium Primary Battery market players’ global operations, strategies, financial performance & their recent developments.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Lithium Primary Battery market with forecast for decade by both market share (%) & revenue (USD Million).

Recent Development

• In April 2022, Wuhan Fanshuo Technology launched the new lithium manganese battery CP9V (Ver1.0). The new product is designed with a larger capacity, with its maximum capacity continuing up to 1200 mAh and 120 mAh respectively.

• In March 2022, Saft opened a new lithium battery factory in Zhuhai Province, China. The facility will double the company's production capacity to 60 million units per year and is designed to meet rapid regional demand.

Segment Insights

By Voltage

The rapid development of electronic equipment requires compact, lightweight and reliable electrical equipment, increasing the demand for low-voltage lithium batteries. As the Internet of Things (IoT) continues to evolve, low-cost lithium batteries have become an integral part of many connected devices, including sensors, smart meters, and other products. long time. Their high power density, long shelf life, and stable voltage output make them ideal for non-swappable or reversible devices. Additionally, the popularity of wireless sensor networks and the deployment of IoT devices in various sectors such as healthcare, business automation, and smart devices have increased the demand for these batteries. This demand is likely to continue as technological advances enable the development of more energy efficient and connected electronic devices; This underscores the role of lithium batteries as the first battery to play in supporting the energy needs of today's connected systems.

By Application

The demand for lithium batteries in the automotive industry is increasing as the integration of advanced electronic products and vehicles becomes dependent on battery technology. Today's cars are equipped with a variety of electronic systems such as keyless entry, advanced tire monitoring and advanced driver assistance systems (ADAS), all of which need to be capable, reliable and have great power. Primary lithium batteries have fast energy and long life, making them ideal for these electronic devices. Additionally, the rise of electric and hybrid vehicles has increased the demand for lithium batteries in applications such as remote keys and tire pressure sensors. As automakers continue to prioritize energy efficiency, safety, and the expansion of smart features in their vehicles, demand for lithium batteries is expected to play a significant role in supporting the automotive industry's increased electricity use.

Regional Insights

Asia Pacific has historically led the way. Since the region is a hot manufacturing hub for electronic equipment such as remote controls, monitors, and medical equipment, this region is likely to continue to dominate as one of the key regions in the primary battery market during the forecast period. Examples include blood pressure monitors and blood pressure monitors. China is a major manufacturer and exporter of portable electronics. With disposable income increasing every year, the demand for consumer electronics is expected to increase significantly during the forecast period. For example, according to the World Bank, China's purchasing power parity (PPP) per capita has increased since 2012 and will reach $21,475.6 in 2022; This indicates an increase in income or purchasing power. China's retail revenue from home appliances and consumer electronics will reach US$127 billion in 2021, up 6.16% from last year, according to data from China's National Bureau of Statistics. . Therefore, the consumer electronics market is likely to be the first to sell batteries in China in the coming years. Similarly, the main battery is often used as an electric TV remote control. According to data from China's National Bureau of Statistics, there are approximately 119 color televisions in every 100 homes in China in 2021, making televisions one of the most common household appliances. Japan is one of the world's largest consumers of electricity. Japan's rapid development and increasing population disposable income have led to increased energy consumption in the region. Additionally, technological advances in the region have increased the number of local electricity consumers, resulting in increased demand for primary batteries. According to data from the Japan Electronics and Information Technology Industries Association, the total production value of Japan's electronics industry will reach approximately 77.93 billion dollars in 2022. These products include electrical appliances, electricity, electrical equipment and electrical equipment and materials. The electric utilities sector, which is part of Japan's energy sector, will have a revenue of approximately $2.6 billion in 2022. The electrical utilities sector is the most important business segment of the economy, including materials and electronics. Therefore, Asia Pacific is expected to dominate the battery market during the forecast period due to the above factors.