The primary lithium battery market size has the potential to grow by USD 1.88 billion during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 6.56%.
This report provides a detailed analysis of the market by application (consumer electronics, industrial, and others), geography (APAC, North America, Europe, South America, and MEA), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Berkshire Hathaway Inc.
- Camelion Battery Co. Ltd.
- EaglePicher Technologies LLC
- Energizer Holdings Inc.
- FDK Corp.
- GP Industries Ltd.
- Hitachi Ltd.
- Panasonic Corp.
- Ultralife Corp.
- VITZRO CELL
The primary lithium battery market is fragmented and the vendors are deploying growth strategies such as launching innovative batteries to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as advantages associated with the use of primary lithium batteries to achieve growth opportunities. However, factors such as the threat from rechargeable batteries will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the primary lithium battery market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This primary lithium battery market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
Primary Lithium Battery Market: Key Drivers and Trends
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Primary Lithium Battery Market: Segmentation by Geography
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37% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for primary lithium battery in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing demand for batteries in the rapidly growing consumer electronics industry is one of the prime factors that will facilitate the primary lithium battery market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Primary Lithium Battery Market: Segmentation by Application
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The consumer electronics segment will account for the highest primary lithium battery market share during the forecast period as these batteries are used in watches, electronic calculators, remote controls, and other devices. Hence, the growth of the market segment has been significant throughout the forecast period.
However, the consumer electronic industry faced certain challenges due to the COVID-19 pandemic, which negatively impacted the growth of the market this year. Fetch actionable market insights on the post-COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the primary lithium battery market size.
Primary Lithium Battery Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive primary lithium battery market growth during the next five years
- Precise estimation of the primary lithium battery market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the primary lithium battery industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of primary lithium battery market vendors
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