Lithium Primary Batteries Global Market Report 2022 – By Type (Lithium/Thionyl Chloride Battery (Li/Socl2), Lithium/Manganese Dioxide Battery (Li/Mno2), Lithium/Polycarbon Monofluoride Battery (Li/Cfx)), By Application (Aerospace And Defense, Medical, Industrial), 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) – Market Size, Trends, And Global Forecast 2022-2026

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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.

The main types of lithium batteries are lithium/thionyl chloride battery (Li/SOCl2), lithium/manganese dioxide battery (Li/MnO2) and lithium/polycarbon monofluoride battery (Li/CFX). Lithium Manganese Oxide (LiMnO2) batteries use manganese as the cathode and lithium as the anode. To improve ion flow, the battery is designed as a spinel. It includes lithium salt that serves as an “organic solvent” needed to abridge the current traveling between the anode and the cathode. The voltage of lithium batteries ranges from less than 4.5V, 4.6V to 12V, 13V to 18V, 19V to 24V, 25V to 36V, 37V to 48V to above 48V and are available as rechargeable and non-rechargeable. Lithium batteries are used in aerospace and defense, medical, industrial and other applications.

The global lithium primary batteries market size is expected to grow from $2.69 billion in 2021 to $2.79 billion in 2022 at a compound annual growth rate (CAGR) of 3.6%. The growth in the lithium batteries market 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 lithium batteries market is expected to reach $3.07 billion in 2026 at a CAGR of 2.5%.

Increasing demand for consumer electronics contributed to the growth of the lithium batteries market. Non-rechargeable primary batteries such as dry-batteries and button-type batteries are commonly used in consumer appliances like remote controls for TVs, clocks, and toys. According to the India Brand Equity Foundation, electronics manufacturing is expected to grow at an annual rate of 30% between 2020 to 2025. Moreover, the Indian appliances and consumer electronics market was valued at $10.93 billion in 2019 and projected to double to reach $21.18 billion by the end of 2025. Lithium primary cell batteries are central units in many consumer electronics goods. The primary batteries market experiences huge demand from the consumer electronics segment, which in turn is anticipated to propel the revenues generated for the lithium primary batteries market.

During the forecast period, the demand-supply gap in the lithium industry is expected to hinder the growth of the lithium primary batteries market. Lithium is an integral component of batteries which are widely used in daily life. Due to the soaring demand for lithium batteries, there is growing concern about whether there is enough lithium to keep up with rising demand. For instance, the demand for the metal is predicted to grow by 600,000 to 800,000 tons over the next 10 years. Furthermore, growth in the number and size of the batteries will be responsible for more than 90% of the demand for lithium by 2030. Since the recycling of lithium batteries is still under development, and there are also certain regulatory challenges coupled with challenging technical processes and collection procedures, a shortfall in supplies of lithium, as well as other metals used in batteries is expected. This is likely to slow down the production of batteries which would affect the lithium batteries market growth.

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. 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.

In May 2019, Ultralife Corporation, a global company that designs and manufactures batteries announced the acquisition of Southwest Electronic Energy (SWE) for $25 million. The acquisition is expected to enhance Ultralife Corporation’s extensive portfolio of battery and charger technologies and expands the company’s technical expertise into new industry segments. Southwest Electronic Energy (SWE) is a Texas-based battery power system designer and manufacturer.

Major players in the lithium batteries market are Hitachi Maxell, Ultralife, Energizer, FDK Corporation, Tadiran, Vitzrocell, EVE Energy, Panasonic, SAFT, and Varta.

Asia Pacific is the largest region in the lithium batteries market in 2021. Western Europe is the second-largest region in the lithium batteries market. The regions covered in the lithium battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the lithium batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The global lithium batteries market is segmented -

1) By Type: Lithium/Thionyl Chloride Battery (Li/SOCl2), Lithium/Manganese Dioxide Battery (Li/MnO2), Lithium/Polycarbon Monofluoride Battery (Li/Cfx)

2) By Application: Aerospace and Defense, Medical, Industrial, Others

3) By Voltage: Less than 4.5V, 4.6V to 12V, 13V to 18V, 19V to 24V, 25V to 36V, 37V to 48V, Above 48V

4) By Operation: Rechargeable, Non-Rechargeable

    Table Of Contents

    1. Executive Summary

    2. Lithium Primary Batteries Market Characteristics

    3. Lithium Primary Batteries Market Trends And Strategies

    4. Impact Of COVID-19 On Lithium Primary Batteries

    5. Lithium Primary Batteries Market Size And Growth

    5.1. Global Lithium Primary Batteries Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Lithium Primary Batteries Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Lithium Primary Batteries Market Segmentation

    6.1. Global Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Lithium/Thionyl Chloride Battery (Li/Socl2)

    Lithium/Manganese Dioxide Battery (Li/Mno2)

    Lithium/Polycarbon Monofluoride Battery (Li/Cfx)

    6.2. Global Lithium Primary Batteries Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Aerospace And Defense

    Medical

    Industrial

    Others

    6.3. Global Lithium Primary Batteries Market, Segmentation By Voltage, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Less than 4.5V

    4.6V to 12V

    13V to 18V

    19V to 24V

    25V to 36V

    37V to 48V

    Above 48V

    6.4. Global Lithium Primary Batteries Market, Segmentation By Operation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Rechargeable

    Non-rechargeable

    7. Lithium Primary Batteries Market Regional And Country Analysis

    7.1. Global Lithium Primary Batteries Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Lithium Primary Batteries Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Lithium Primary Batteries Market

    8.1. Asia-Pacific Lithium Primary Batteries Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Lithium Primary Batteries Market

    9.1. China Lithium Primary Batteries Market Overview

    9.2. China Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Lithium Primary Batteries Market

    10.1. India Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Lithium Primary Batteries Market

    11.1. Japan Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Lithium Primary Batteries Market

    12.1. Australia Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Lithium Primary Batteries Market

    13.1. Indonesia Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Lithium Primary Batteries Market

    14.1. South Korea Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Lithium Primary Batteries Market

    15.1. Western Europe Lithium Primary Batteries Market Overview

    15.2. Western Europe Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Lithium Primary Batteries Market

    16.1. UK Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Lithium Primary Batteries Market

    17.1. Germany Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Lithium Primary Batteries Market

    18.3. France Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Lithium Primary Batteries Market

    19.1. Eastern Europe Lithium Primary Batteries Market Overview

    19.2. Eastern Europe Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Lithium Primary Batteries Market

    20.1. Russia Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Lithium Primary Batteries Market

    21.1. North America Lithium Primary Batteries Market Overview

    21.2. North America Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Lithium Primary Batteries Market

    22.1. USA Lithium Primary Batteries Market Overview

    22.2. USA Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Lithium Primary Batteries Market

    23.1. South America Lithium Primary Batteries Market Overview

    23.2. South America Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Lithium Primary Batteries Market

    24.1. Brazil Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. The Middle East Lithium Primary Batteries Market

    25.1. The Middle East Lithium Primary Batteries Market Overview

    25.2. The Middle East Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Lithium Primary Batteries Market

    26.1. Africa Lithium Primary Batteries Market Overview

    26.2. Africa Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Lithium Primary Batteries Market Competitive Landscape And Company Profiles

    27.1. Lithium Primary Batteries Market Competitive Landscape

    27.2. Lithium Primary Batteries Market Company Profiles

    27.2.1. Hitachi Maxell

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Ultralife

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Energizer

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. FDK Corporation

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Tadiran

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Lithium Primary Batteries Market

    29. Lithium Primary Batteries Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Lithium Primary Batteries Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Lithium Primary Batteries Market, Segmentation By Voltage, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Lithium Primary Batteries Market, Segmentation By Operation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Lithium Primary Batteries Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global Lithium Primary Batteries Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: India, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Japan, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Australia, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Indonesia, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: South Korea, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Western Europe, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: UK, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Germany, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: France, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Eastern Europe, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: Russia, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: North America, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: USA, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: South America, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Brazil, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Middle East, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Africa, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: Hitachi Maxell Financial Performance
  • Table 29: Ultralife Financial Performance
  • Table 30: Energizer Financial Performance
  • Table 31: FDK Corporation Financial Performance
  • Table 32: Tadiran Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Lithium Primary Batteries Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Lithium Primary Batteries Market, Segmentation By Voltage, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Lithium Primary Batteries Market, Segmentation By Operation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Lithium Primary Batteries Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Global Lithium Primary Batteries Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: Asia-Pacific, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: China, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: India, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Japan, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Australia, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: Indonesia, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: South Korea, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: Western Europe, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: UK, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: Germany, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: France, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Eastern Europe, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: Russia, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: North America, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: USA, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: South America, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Brazil, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Middle East, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Africa, Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 28: Hitachi Maxell Financial Performance
  • Figure 29: Ultralife Financial Performance
  • Figure 30: Energizer Financial Performance
  • Figure 31: FDK Corporation Financial Performance
  • Figure 32: Tadiran Financial Performance
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