47 F
Santa Barbara
HomeBooksPrimary Lithium Batteries Market to Reach $3.9 Billion, by 2032 at 4.7%...

Primary Lithium Batteries Market to Reach $3.9 Billion, by 2032 at 4.7% CAGR: Allied Market Research

The growth of the primary lithium batteries market is driven by increase in the use of portable electronic devices such as smartphones, laptops, tablets, cameras, and wearables. Also, the healthcare industry’s reliance on medical devices such as pacemakers, hearing aids, and various monitoring equipment contributes to the demand for primary lithium batteries due to their long life and stable performance.

Wilmington, Delaware, April 10, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled,Primary Lithium Batteries Market By Type (Lithium-Thionyl Chloride, Lithium-Manganese Dioxide, and Others), and End-Use (Electrical And Electronics, Automotive, Industrial, and Others): Global Opportunity Analysis And Industry Forecast, 2023-2032”. According to the report, the global primary lithium batteries market was valued at $2.5 billion in 2022 and is projected to reach $3.9 billion by 2032, registering a CAGR of 4.7% from 2022 to 2032.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A279915

Prime determinants of growth

The adoption of primary lithium batteries in medical devices plays a crucial role in driving the demand for the primary lithium batteries market. As the healthcare industry continues to evolve and innovate, the demand for primary lithium batteries is expected to witness growth. The reliability, longevity, and performance characteristics of primary lithium batteries make them a preferred choice for powering a wide range of medical devices, contributing to the overall growth of the primary lithium batteries market. However, primary lithium batteries, especially those containing lithium metal, can pose environmental challenges. Improper disposal of these batteries may lead to the release of hazardous materials, impacting soil and water quality. Despite this restraint, the primary lithium batteries market continues to thrive due to the increasing demand from various sectors, such as consumer electronics and healthcare. Ongoing research and development efforts in batteries technology aim to mitigate environmental impacts and improve the overall sustainability of batteries solutions.

Report coverage & details:

Report Coverage Details
Forecast Period 2023–2032
Base Year 2022
Market Size in 2022 $2.5 billion
Market Size in 2032 $3.9 billion
CAGR 4.7%
No. of Pages in Report 105
Segments Covered Type, End-Use, Region
Drivers
  • Rise in Demand for Portable Electronics
  • Healthcare Industry Reliance on Medical Devices
Opportunity
  • Technological Advancements
Restraint
  • Environmental Concerns and Recycling Challenges


The lithium-manganese dioxide
segment dominated the market

By type, the lithium-manganese dioxide segment held the highest market share accounting for more than two-fifths of the global primary lithium batteries market revenue at a CAGR of 5.0% and is estimated to maintain its leadership status throughout the forecast period. Lithium-manganese dioxide batteries are widely used in various consumer electronics, including digital cameras, portable audio devices, handheld gaming consoles, and electronic toys. Their high energy density and long shelf life make them suitable for powering these compact and portable devices.

Buy This Report (105 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3xD3LEY

The automotive segment dominated the market

By end-use, the automotive segment held the highest market share accounting for more than half of the global primary lithium batteries market revenue at a CAGR of 4.6% and is estimated to maintain its leadership status throughout the forecast period. Many modern vehicles come equipped with keyless entry systems that use electronic key fobs. These key fobs often contain a small primary lithium coin cell batteries to power the remote locking/unlocking functions and other features.

Asia-Pacific dominated the market

Region-wise, Asia-Pacific held the highest market share accounting for more than two-fifths of the global primary lithium batteries market revenue at a CAGR of 5.0%, and is estimated to maintain its leadership status throughout the forecast period. Lithium-manganese dioxide batteries are widely used in various consumer electronics, including digital cameras, portable audio devices, handheld gaming consoles, and electronic toys. Their high energy density and long shelf life make them suitable for powering these compact and portable devices.

For Purchase Inquiry: https://www.alliedmarketresearch.com/primary-lithium-batteries-market/purchase-options

Leading Market Players: –

  • Energizer Holdings, Inc.
  • Duracell
  • Panasonic Corporation
  • Tadiran Batteries
  • Saft Groupe S.A.
  • EVE Energy Co., Ltd.
  • Ultralife Corporation
  • GP Batteries International Limited
  • Maxell Holdings, Ltd.
  • Renata SA

The report provides a detailed analysis of these key players in the global primary lithium batteries market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Trending Reports in Battery Industry:

Lead-Acid Battery Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, by Construction Method, by Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

Submarine Battery Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application: Global Opportunity Analysis and Industry Forecast, 2024-2033

Lithium-ion Battery Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Capacity, by Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

Thin Film Battery Market Size, Share, Competitive Landscape and Trend Analysis Report by Chargeability, by Voltage Range, by Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

Electric Scooter Battery Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, Capacity: Global Opportunity Analysis and Industry Forecast, 2021-2030

Lithium-Ion Battery Recycling Market Size, Share, Competitive Landscape and Trend Analysis Report by Batteries chemistry, Source, Recycling Process and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/energy-and-power
Follow Us on | Facebook | LinkedIn | YouTube


Primary Logo

Originally published at https://www.einpresswire.com/article/702626414/primary-lithium-batteries-market-to-reach-3-9-billion-by-2032-at-4-7-cagr-allied-market-research

- Part of VUGA -digital marketing

latest articles

gossip news

explore more

fashion tv watch free