Press release
Leading Companies Fueling Growth and Innovation in the Lithium Primary Batteries Market
Lithium Primary Batteries Market
Lithium Primary Batteries Market Size and Growth Outlook Through 2030
The lithium primary batteries market is on track to grow substantially, reaching $18.79 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 8.4%. Several factors contribute to this strong growth forecast, such as the widespread adoption of IoT-connected sensors, increasing demand for high-voltage primary batteries, and the surge in industrial automation that requires dependable power solutions. Additionally, the growing use of medical devices globally and the need for batteries capable of performing well under high-temperature conditions further support this upward trend. Key market trends anticipated during this period include a rising preference for eco-friendly and long shelf-life battery options, greater adoption of smart connected devices reliant on stable power sources, advances in automated manufacturing processes and material optimization, increased use of high-performance batteries in robotics and mobility applications, and enhanced digital monitoring and quality control methods in battery production.
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Leading Players Holding Strong Positions in the Lithium Primary Batteries Market
A number of prominent companies dominate the lithium primary batteries sector. Among these are Saft Groupe S.A., Ultralife Corporation, Varta AG, Maxell, Ltd., Energizer Holdings, Inc., Duracell Inc., Renata SA, FDK Corporation, Toshiba Corporation, GP Batteries International Limited, Sunwoda Electronic Co., Ltd., Desay Battery Co., Ltd., China Electronics Corporation, Amara Raja Batteries Limited, Panasonic Holdings Corporation, Hitachi Maxell Energy, Ltd., EVE Energy Co., Ltd., Wuhan Lixing (Torch) Technology Co., Ltd., HCB Battery Co., Ltd., and Shenzhen PKCELL Battery Co., Ltd.
Energizer Holdings Inc., a US-based supplier of primary batteries, portable lighting, and automotive care products, took a strategic step in May 2025 by acquiring Advanced Power Solutions NV. Though the financial details were not disclosed, this acquisition aims to expand Energizer's manufacturing capabilities and bolster its market share across Europe. Advanced Power Solutions NV, headquartered in Belgium, is well-known for manufacturing and marketing AA and AAA Panasonic-branded batteries, making this a complementary addition to Energizer's portfolio.
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Emerging Trends Shaping the Lithium Primary Batteries Industry
Market leaders are increasingly focusing on extending battery runtimes for specialized applications such as professional floor-cleaning machines to gain a competitive advantage. Enhancing the runtime of lithium primary batteries involves boosting their energy density and adopting more efficient power management technologies. For instance, in November 2023, RELiON Battery, a US-based lithium battery system manufacturer, introduced the RB36V40-a 36 V 40 Ah lithium battery tailored for commercial floor-care equipment. This innovative battery features a compact Group 31 size (13 × 6.8" × 8.4"), an integrated battery management system (BMS), IP67 waterproof certification, an energy capacity of 1,536 Wh, options for parallel configuration to increase capacity, and fast-charging capabilities. Remarkably, it offers approximately two to three times the runtime compared to comparable lead-acid batteries.
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