Primary Lithium Batteries are primary batteries that have metallic lithium as an anode.it is one of the most popular primary battery.
The advantages associated with the use of primary lithium batteries may prove to be a critical factor in driving the market’s growth in the forthcoming years. Factors such as longer shelf life, and better energy and power density are driving their adoption in several end-user industries including the consumer electronics devices. The demand for these batteries has increased over other conventional batteries as they deliver better performance when compared to other battery variants. As a result, the increasing deployment of these batteries provides several advantages which in turn will further drive the market at a CAGR of over 4% during the forecast period.
In addition, the introduction of sensor-based technology is one of the key trends expected to gain traction in the market. Companies are using primary lithium batteries for sensor-based wireless technology. Some manufacturers are also using sensors in different equipment and consumer electronic products to further fuel the demand for primary lithium battery market in the forthcoming years.
Primary Lithium Battery can be divided as Lithium Iodine Battery (Li/I2), Lithium Manganese Dioxide Battery (Li/MnO2), Lithium Oxide Battery (Li/CuO), Lithium Polyfluoride Carbon battery (Li/(CF)n), lithium thionyl chloride battery (Li/SOCl2), lithium sulfur dioxide battery (Li/SO2), and etc. The first main kind is Li/MnO2, it holds a comparatively larger share in global market, which accounted for about 47.79% in 2020 globally. Another main kind is Li/SOCL2, for many companies, Li/SOCL2 Primary Lithium Battery is attractive because of the market consumption need in the future. The Li/SOCL2 owned the 40.07% market share in 2020.
The global Primary Lithium Battery market will register a 4.56% CAGR in terms of revenue, the global market size will reach US$ 3557.46 million by 2027, from US$ 2512.51 million in 2020.
Global Primary Lithium Battery Market- Key Players
Hitachi Maxell, SAFT, EVE Energy, Panasonic, Duracell, Vitzrocell, Ultralife, FDK, Energizer, Varta, Wuhan Voltec Engrgy, HCB Battery, EnerSys Ltd, EEMB Battery, are some of the key suppliers in the industry. Hitachi Maxell, SAFT, EVE Energy are the top 3 players. EVE Energy grows fast in the recent years and has become the largest manufacturer in 2020, with the sales share of 8.59%. The industry is relatively fragmented as there are also many small and middle sized manufacturers distributing around the world. With more investors cast eyes on the lithium battery industry, it is estimated more companies will enter into the Primary Lithium Battery industry with intensified competition in the future.
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