Global Primary Lithium Batteries Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Primary Lithium Batteries Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Primary lithium batteries have the characteristics of high energy density and long shelf life. They are very suitable for smoke alarms, LED lighting and outdoor equipment. But they cannot be charged, which is completely different from lithiumion batteries.

Market Overview:

The latest research study on the global Primary Lithium Batteries market finds that the global Primary Lithium Batteries market reached a value of USD 2628.94 million in 2022. It’s expected that the market will achieve USD 3733.44 million by 2028, exhibiting a CAGR of 6.02% during the forecast period.

Influence of COVID-19 Outbreak on Primary Lithium Batteries Industry Development

The impact of COVID-19 on the Primary Lithium Batteries industry will involve all major links and all entities in the industry chain. The company’s management efficiency has declined, commuting has been severely hampered, production plans have been severely hampered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have fallen, and company and employee income has been damaged.

COVID-19 has had a huge impact on the operation of the industry, and the impact on SMEs is even more obvious. The suspension of production not only exacerbated the shortage of funds for small and medium-sized enterprises, but also reduced the solvency of enterprises and may affect production and sales. Some companies have difficulties in operating and even went bankrupt.

The ultimate impact on the Primary Lithium Batteries industry will depend on when the epidemic is controlled. However, so far, the turning point has not yet arrived, and the negative impact of the epidemic on the global industrial chain has already appeared. Therefore, we expect that the Primary Lithium Batteries industry will experience negative growth this year.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Panasonic is one of the major players operating in the Primary Lithium Batteries market, holding a share of 14.51% in 2020.

Panasonic, founded in 1918, is a major Japanese multinational electronics company headquartered in Kadoma, Osaka. In addition to consumer electronics products, Panasonic provides a wide range of products and services, including rechargeable batteries, automotive and avionics systems, and even home decoration and construction.

Energizer Holdings Ltd. is an American manufacturer and one of the world's largest manufacturers of batteries, headquartered in St. Louis, Missouri. Energizer, Ray-O-Vac, Varta and Eveready produced batteries under the brands of Energizer, Ray-O-Vac, Varta and Eveready, and previously owned many personal care businesses, until the business was divided into 2015 and a new company called Edgewell Personal Care was established.

Segmentation Overview:

Among different product types, LiMnO2 Coin Products segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Retail segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Primary Lithium Batteries market covered in Chapter 3:

Duracell
Hitachi Maxell
Energizer
Varta
FDK
Panasonic
EnerSys Ltd.
Ultralife
SAFT
EVE Energy
Vitzrocell

In Chapter 4 and Chapter 14.2, on the basis of types, the Primary Lithium Batteries market from 2018 to 2029 is primarily split into:

High Power Lithium
CR123
CR2 Batteries
LiMnO2 Coin Products
By cell size (up to 7; such as CR2032, CR2025, CR2016, CR1632, CR2450…OTHER)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Primary Lithium Batteries market from 2018 to 2029 covers:

Retail
Professional or industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)