Press release
Lithium Primary Batteries Global Market Report 2024 - By Growth, Trends, Size, Share, Outlook By 2033
The Business Research Company presents an extensive market research report on the Lithium Primary Batteries Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The lithium primary batteries market size has grown steadily in recent years. It will grow from $2.89 billion in 2023 to $2.96 billion in 2024 at a compound annual growth rate (CAGR) of 2.4%. The growth in the historic period can be attributed to increasing demand for consumer electronics, strong economic growth in emerging markets, rise in disposable income and increased demand for air travel.
The lithium primary batteries market size is expected to see steady growth in the next few years. It will grow to $3.27 billion in 2028 at a compound annual growth rate (CAGR) of 2.5%. The growth in the forecast period can be attributed to increasing demand for portable electronic devices using lithium primary batteries and increasing demand from medical industry. Major trends in the forecast period include manufacturing paper-based bio-batteries, focus on employing artificial intelligence and machine learning techniques, focus on launching battery certification program and focus on automation and robotic technologies in the manufacturing process.
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Key Market Players:
Major companies operating in the leather and allied products market report are LVMH Moët Hennessy Louis Vuitton, Kering SA, Hermès International S.A., Nike Inc, Adidas AG, VHSP Pty Ltd, Rimowa Cz Spol. S R. O, Changge Yixing Leather Co Ltd, Tapestry, Inc., Australia Pty Ltd, ASICS Corporation, Zdzblo Galanteria Skorzana Sp. z oo sp. k., Elena Pieles Argentinas Srl, Chemcrown Exports Limited, Joshua Pitt Pty Ltd, Eagle Ottawa China Ltd., A V Thomas Leather and Allied Products Limited, Bowron G.L., Christian Dior SE, Acknit Industries Limited, Bhartiya International Limited, Australian Leather Holdings Ltd, Jiangsu Maydiang Leather Goods Co Ltd, Giovanni RawHides, Kowro Bags, Nilpel L.L.C, Pangea Made Gmbh, Prada S.p. A, Walfertan Processors Pty Ltd, Zatchels, Buenos Aires Holding LLC, Zoela SA, Platypus Manufacturers Pty Ltd, Complete Leather Goods Afifi for Trading, J.Y.S. Enterprise Inc, Romed SRL, Slightly Alabama, Puma SE, Saudi Leather Industries Company SLIC, Xingye Leather Technology Co Ltd, Lotuff Leather, Packer Leather Pty Ltd, Onerom Impex SRL, San Javier caprinos S.R.L, Norpol Sp. z o.o., G.H. Michell & Sons Pty Ltd, Mercatto Group Company, The Yellow Bear Company, VKP LT OOO, Jacksons Tannery Pty Ltd, Golden Down Ltd, Datong Ltd, Anhui Anli Material Technology Co Ltd, Frank Clegg Leathergoods, American Leather Co, Monapetpee nig ltd, Murgon Leather Company Pty Ltd, Noah Waxman, KOZHA AO, Sharlene Ltd, Capri Holdings Limited, Corter Leather, Aleen And Ammar Trading Est., Cooperativa Dos Produtores De Avestruz Da Bahia, Skechers USA, Inc., Heller-Leder GmbH & Co. KG, AlOthmanFashion, Mtms Leather Shoes
Market Drivers:
Increasing demand for consumer electronics contributed to the growth of the lithium primary 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. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan reached 771,457 units. In addition, consumer electronics production reached 32,099 units in May 2023, compared to 25,268 units in May 2022. 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.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/lithium-primary-batteries-global-market-report
The lithium primary batteries market covered in this report 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 Voltage: Low (Less Than 4.5V), Medium (4.6V To 12V), High (13V And Above)
4) By Operation: Rechargeable, Non-rechargeable
3) By Application: Aerospace And Defense, Medical, Industrial, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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