Primary Lithium Battery Market Size, Trends, Growth Analysis, and Forecast | Valuates Reports

Primary Lithium Battery Market Size

The global Primary Lithium Battery revenue was US$ 2899.9 million in 2022 and is forecast to a readjusted size of US$ 3907.4 million by 2029 with a CAGR of 4.3% during the forecast period (2023-2029).

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The most common type of lithium cell used in consumer applications uses metallic lithium as anode and manganese dioxide as cathode, with a salt of lithium dissolved in an organic solvent.

The Primary Lithium Battery market covers Lithium/Thionyl Chloride Battery (Li/SOCL2) , Lithium/Manganese Dioxide Battery (Li/MnO2), etc. The typical players include Hitachi Maxell, SAFT, EVE Energy, Panasonic, FDK, etc.

In India, the Primary Lithium Battery revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

According to the Segmentation of types, all the market of 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 accounts for about 47% in 2019. 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 share the 40% market share in 2019.

This report focuses on global and India Primary Lithium Battery market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Primary Lithium Battery will continue to grow rapidly in the future.

By Type
•
Li/SOCL2
• Li/MnO2
• Li-SO2

By Application
• Meter
• Smoke Detector
• Security
• Automotive
• Medical Equipment
• Industrial Control

Key Companies
Hitachi Maxell, SAFT, EVE Energy, Panasonic, FDK, Duracell, Vitzrocell, Energizer, Ultralife, Wuhan Voltec Engrgy, HCB Battery, Varta, EnerSys Ltd, EEMB Battery

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This release was published on openPR.