The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Lithium Primary Batteries by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Lithium Primary Batteries, 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 expansion of the healthcare industry is expected to drive the growth of the lithium primary batteries market. The healthcare industry encompasses various sectors dedicated to providing medical products and services for treatment, prevention, rehabilitation, and palliative care. Lithium primary batteries play a crucial role in powering medical devices such as pacemakers and infusion pumps, ensuring their reliable and long-lasting performance. For example, in May 2023, the American Health Care Association reported an increase in the number of hospitals in the US, indicating the industry’s growth. Similarly, healthcare spending in the UK rose between 2020 and 2021, as per data from the Office for National Statistics. This expansion of the healthcare sector creates a greater demand for medical devices, thus driving the growth of the lithium primary batteries market.
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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)
3) By Operation: Rechargeable, Non-rechargeable
4) By Application: Aerospace And Defense, Medical, Industrial, Other Applications
Top Major Players
Ultralife,
Varta AG,
Maxell Ltd.,
GP Industries Ltd.,
SAFT
The lithium primary batteries market report table of contents includes:
1. Executive Summary
- Lithium Primary Batteries Market Characteristics
- Lithium Primary Batteries Market Trends And Strategies
- Lithium Primary Batteries Market – Macro Economic Scenario
- Global Lithium Primary Batteries Market Size and Growth
- Lithium Primary Batteries Market Segmentation
- Lithium Primary Batteries Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Lithium Primary Batteries Market
- Lithium Primary Batteries Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Lithium Primary Batteries Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Lithium Primary Batteries Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Lithium Primary Batteries Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Ultralife Financial Performance
Table 76: Varta AG Financial Performance
Table 77: Maxell Ltd Financial Performance
Table 78: GP Industries Ltd Financial Performance
Table 79: SAFT Financial Performance
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