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The growing need for electronic devices along with increasing adoption of one-time-use devices in defense and medical industry is set to fuel the global primary lithium battery market growth. Increasing research & development activities to enhance the stability and operational limits of lithium cells will further augment the industry outlook. A battery is a device consisting of positive and negative electrodes submerged in a liquid medium comprising of electrolytes with cations and anions to support the current flow.
While primary lithium battery is made of a mixture of lithium metal with different salt with other compounds confined in a pack to generate voltage output. It is a non-rechargeable cell which is used to deliver a low discharge rate, high energy density, very long shelf life, and extensive working ranges.
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On the basis of application, the primary lithium battery market can be mainly segmented into aerospace & defense, medical, electronics, and others. Primary lithium batteries are used in a variety of aerospace & defense applications including torpedoes, Unmanned Aerial Vehicles (UAVs) or drones to provide robust output.
Medical uses of non-rechargeable batteries consist manufacturing of single-use equipment like hearing aids, stimulators, and different others. Electronics application is projected to witness substantial growth owing to increasing demand for mobile consumer electronic devices like LED lighting, smoke alarms, watches, remote control keys, and numerous others.
The key market driver for the global primary lithium battery market is the growing need for different medical equipment. Li cells have a long history, operating in various health devices like inspection systems, oxygen meters, asset tracking tags, glucose monitors, and so on. Additionally, rising demand for hand-held electronic devices, including security systems, cameras, flashlights, toys, media players are expected to further propel the industry landscape.
Presence of some harmful chemicals like thionyl chloride & sulfur dioxide along with stringent government regulations to adopt sustainable disposing of used products may hinder the global primary lithium battery market. Organizations like the European Union has implemented strict directives to restrict usage of certain chemicals in battery manufacturing and its waste treatment actions.
Some of the key participants working in the primary lithium battery market are Panasonic, Wuhan FANSO Technology Co. Ltd., GP Batteries, Duracell Inc., Dongguan Large Electronic Co., Ltd, FDK Corporation, Excell Battery Co., Maxell Holdings, Ltd., Camelion Batterien GmbH, Energizer Holdings, Toshiba Corporation, Saft, EEMB Battery, and Tadiran Batteries GmbH.
The global primary lithium battery market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific primary lithium battery is set to witness steady growth owing to ongoing expansion in production capacities along with rapidly increasing need for consumer electronics. Increasing investments to develop biological chemicals for efficient battery applications along with supporting government standards, will positively influence the North America industry outlook. Rapidly rising mining activities to produce lithium metal in Latin American countries like Brazil, Argentina, and Chile will cater to regional market growth.
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