Lithium Primary Batteries Global Market To Reach Value Of $19 Billion In 2025

14 Oct, 2021

The lithium batteries market consists of sales of batteries that use lithium metal or lithium compounds as an anode by entities (organizations, sole traders and partnerships) that manufacture lithium primary batteries. Only goods and services traded between entities or sold to end consumers are included.

Global Lithium Primary Batteries Market Size And Drivers:

The global lithium primary batteries market is expected to grow from $11.28 billion in 2020 to $12.24 billion in 2021 at a compound annual growth rate (CAGR) of 8.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $19.07 billion in 2025 at a CAGR of 11.7%. Increasing demand for consumer electronics contributed to the growth of the lithium primary batteries market.

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Trends In The Global Lithium Primary Batteries Market

The launch of paper-based bio-battery powered by bacteria has created immense demand in the lithium primary batteries market. Paper has unique edges as a material for biosensors. With its unique advantages as a material for biosensors, it is being used in the development of paper-based bio-battery. For instance, in 2018, the researchers at the State University of New York developed a new type of battery made of paper and fueled by bacteria. By integrating bacteria into paper batteries, researchers created a cheap, sustainable way to power billions of sensors and devices. The paper battery currently has a shelf life of about four months and is for one-time use. As commercial batteries are too wasteful and expensive and cannot be integrated into paper substrates, the best solution is to shift to a paper-based bio-battery.

Global Lithium Primary Batteries Market Segments:
The global lithium primary batteries market is further segmented –
By Type: Lithium/Thionyl Chloride Battery (Li/Socl), Lithium/Manganese Dioxide Battery (Li/Mno), Lithium/Polycarbon Monofluoride Battery (Li/Cfx)
By Application: Aerospace And Defense, Medical, Industrial, Others
By Voltage: Less than 4.5V, 4.6V to 12V, 13V to 18V, 19V to 24V, 25V to 36V, 37V to 48V, Above 48V
By Operation: Rechargeable, Non-rechargeable
By Geography: The global lithium primary batteries market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Lithium Primary Batteries Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides lithium primary batteries market overviews, analyzes and forecasts market size and growth for the global lithium primary batteries market, lithium primary batteries market share, lithium primary batteries market players, lithium primary batteries market segments and geographies, lithium primary batteries market’s leading competitors’ revenues, profiles and market shares. The lithium primary batteries market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.