The lithium primary batteries market size has grown rapidly in recent years. It will grow from $11.5 billion in 2024 to $12.72 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. 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 strong growth in the next few years. It will grow to $17.72 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing demand for portable electronic devices using lithium primary batteries and increasing demand from medical industry. Major trends in the forecast period include manufacturing paper-based bio-batteries, focus on employing artificial intelligence and machine learning techniques, focus on launching battery certification program and focus on automation and robotic technologies in the manufacturing process.
The growth of the lithium primary batteries market has been fueled by the increasing demand for consumer electronics. Non-rechargeable primary batteries, including dry batteries and button-type batteries, find common applications in consumer appliances such as TV remote controls, clocks, and toys. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported a total production of 771,457 electronic equipment units in Japan, with consumer electronics production reaching 32,099 units compared to 25,268 units in May 2022. This surge in consumer electronics production is driving significant demand for lithium primary batteries, indicating positive revenue growth in the market.
The healthcare industry's expansion is poised to be a key driver for the lithium primary batteries market in the foreseeable future. Lithium primary batteries play a crucial role in powering medical devices such as pacemakers and infusion pumps, ensuring reliable and long-lasting performance. In May 2023, the American Health Care Association noted an increase in the number of hospitals in the US, reaching 6,129 from 6,093 in 2022. Additionally, healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms between 2020 and 2021, according to a report from the Office for National Statistics. The growth of the healthcare sector is contributing significantly to the demand for lithium primary batteries.
The introduction of a paper-based bio-battery powered by bacteria has generated substantial demand in the lithium primary batteries market. Leveraging paper as a material for biosensors, researchers have developed a cost-effective and sustainable way to power numerous sensors and devices by integrating bacteria into paper batteries. This innovation addresses concerns about the environmental impact of commercial batteries, offering a promising alternative.
Major companies in the lithium primary batteries market are strategically focusing on developing batteries with enhanced runtime for professional floor-cleaning equipment. Achieving increased runtime involves optimizing energy density and employing efficient power management techniques. Trojan Battery Company LLC, in September 2022, introduced 24-volt and 36-volt lithium-ion batteries tailored for professional floor-cleaning equipment, emphasizing extended runtime and prolonged lifespan. This technology reduces charging time and maintenance requirements, resulting in lower operational costs.
In February 2022, LG Energy Solution, Ltd., a South Korea-based company specializing in batteries, acquired NEC Energy Solutions, a US-based company in the Energy Storage System (ESS) sector. This strategic acquisition aims to accelerate LG Energy Solution's energy storage business and offer clients a comprehensive ESS program to meet the growing demand in the market.
Major companies operating in the lithium primary batteries market include Ultralife, Varta AG, Maxell Ltd, GP Industries Ltd, SAFT, China Electronics Cooperation, Contemporary Amperex Technology Co. Limited (CATL), Sunwoda Electronic Co, Tianneng Group, Chaowei Power Holdings Limited, Desay Battery Co. Ltd., AKOM, InoBat Auto, Samsung SDI, SK Innovation, LG Chem, Valence Technology Inc, A123 Systems LLC, Rock Tech Lithium, Standard Lithium, American Lithium, Tesla Inc, Bren-Tronics Inc, Duracell, FDK Corporation, Energizer Holdings, Renata SA, Toshiba Corporation, Amar Raja Batteries Ltd, Surya Roshini Ltd, Fujian Jinhua Integrated Circuit, Konka Group Co. Ltd, Hisense Group.
Asia-Pacific was the largest region in the lithium primary batteries market in 2024. Western Europe is the second-largest region in the lithium primary batteries market share. The regions covered in the lithium primary batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lithium primary batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Lithium primary batteries are characterized as disposable batteries, where the charge moves from the cathode to the anode during charging and from the anode to the cathode during discharge. Lithium batteries have a voltage range of 1.5 to 3.7 volts, more than twice that of typical alkaline or zinc-carbon batteries. Common applications for lithium batteries include use in clocks and cameras.
The primary types of lithium primary batteries include lithium/thionyl chloride batteries (Li/SOCl2), lithium/manganese dioxide batteries (Li/MnO2), and lithium/polycarbonate monofluoride batteries (Li/CFX). Lithium Manganese Oxide (LiMnO2) batteries use manganese as the cathode and lithium as the anode. The battery is designed as a spinel to enhance ion flow, incorporating lithium salt as an 'organic solvent' to facilitate current flow between the anode and the cathode. Lithium primary batteries come with different voltage ranges, classified as low (less than 4.5v), medium (4.6v to 12v), and high (13v and above), and they are available as both rechargeable and non-rechargeable. These batteries find applications in aerospace and defense, medical, industrial, and various other fields.
The lithium primary batteries market research report is one of a series of new reports that provides lithium primary batteries market statistics, including lithium primary batteries industry global market size, regional shares, competitors with a lithium primary batteries market share, detailed lithium primary batteries market segments, market trends and opportunities, and any further data you may need to thrive in the lithium primary batteries industry. This lithium primary batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The lithium primary batteries market consists of sales of lithium/thionyl chloride battery (Li/SOCl2), lithium/manganese dioxide battery (Li/MnO2), lithium/polycarbon monofluoride battery (Li/CFX), and other lithium primary batteries. These batteries are used in clocks and cameras. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The lithium primary batteries market size is expected to see strong growth in the next few years. It will grow to $17.72 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to increasing demand for portable electronic devices using lithium primary batteries and increasing demand from medical industry. Major trends in the forecast period include manufacturing paper-based bio-batteries, focus on employing artificial intelligence and machine learning techniques, focus on launching battery certification program and focus on automation and robotic technologies in the manufacturing process.
The growth of the lithium primary batteries market has been fueled by the increasing demand for consumer electronics. Non-rechargeable primary batteries, including dry batteries and button-type batteries, find common applications in consumer appliances such as TV remote controls, clocks, and toys. For example, in May 2023, the Japan Electronics and Information Technology Industries Association reported a total production of 771,457 electronic equipment units in Japan, with consumer electronics production reaching 32,099 units compared to 25,268 units in May 2022. This surge in consumer electronics production is driving significant demand for lithium primary batteries, indicating positive revenue growth in the market.
The healthcare industry's expansion is poised to be a key driver for the lithium primary batteries market in the foreseeable future. Lithium primary batteries play a crucial role in powering medical devices such as pacemakers and infusion pumps, ensuring reliable and long-lasting performance. In May 2023, the American Health Care Association noted an increase in the number of hospitals in the US, reaching 6,129 from 6,093 in 2022. Additionally, healthcare spending in the UK increased by 9.4% in nominal terms and 9.7% in real terms between 2020 and 2021, according to a report from the Office for National Statistics. The growth of the healthcare sector is contributing significantly to the demand for lithium primary batteries.
The introduction of a paper-based bio-battery powered by bacteria has generated substantial demand in the lithium primary batteries market. Leveraging paper as a material for biosensors, researchers have developed a cost-effective and sustainable way to power numerous sensors and devices by integrating bacteria into paper batteries. This innovation addresses concerns about the environmental impact of commercial batteries, offering a promising alternative.
Major companies in the lithium primary batteries market are strategically focusing on developing batteries with enhanced runtime for professional floor-cleaning equipment. Achieving increased runtime involves optimizing energy density and employing efficient power management techniques. Trojan Battery Company LLC, in September 2022, introduced 24-volt and 36-volt lithium-ion batteries tailored for professional floor-cleaning equipment, emphasizing extended runtime and prolonged lifespan. This technology reduces charging time and maintenance requirements, resulting in lower operational costs.
In February 2022, LG Energy Solution, Ltd., a South Korea-based company specializing in batteries, acquired NEC Energy Solutions, a US-based company in the Energy Storage System (ESS) sector. This strategic acquisition aims to accelerate LG Energy Solution's energy storage business and offer clients a comprehensive ESS program to meet the growing demand in the market.
Major companies operating in the lithium primary batteries market include Ultralife, Varta AG, Maxell Ltd, GP Industries Ltd, SAFT, China Electronics Cooperation, Contemporary Amperex Technology Co. Limited (CATL), Sunwoda Electronic Co, Tianneng Group, Chaowei Power Holdings Limited, Desay Battery Co. Ltd., AKOM, InoBat Auto, Samsung SDI, SK Innovation, LG Chem, Valence Technology Inc, A123 Systems LLC, Rock Tech Lithium, Standard Lithium, American Lithium, Tesla Inc, Bren-Tronics Inc, Duracell, FDK Corporation, Energizer Holdings, Renata SA, Toshiba Corporation, Amar Raja Batteries Ltd, Surya Roshini Ltd, Fujian Jinhua Integrated Circuit, Konka Group Co. Ltd, Hisense Group.
Asia-Pacific was the largest region in the lithium primary batteries market in 2024. Western Europe is the second-largest region in the lithium primary batteries market share. The regions covered in the lithium primary batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lithium primary batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Lithium primary batteries are characterized as disposable batteries, where the charge moves from the cathode to the anode during charging and from the anode to the cathode during discharge. Lithium batteries have a voltage range of 1.5 to 3.7 volts, more than twice that of typical alkaline or zinc-carbon batteries. Common applications for lithium batteries include use in clocks and cameras.
The primary types of lithium primary batteries include lithium/thionyl chloride batteries (Li/SOCl2), lithium/manganese dioxide batteries (Li/MnO2), and lithium/polycarbonate monofluoride batteries (Li/CFX). Lithium Manganese Oxide (LiMnO2) batteries use manganese as the cathode and lithium as the anode. The battery is designed as a spinel to enhance ion flow, incorporating lithium salt as an 'organic solvent' to facilitate current flow between the anode and the cathode. Lithium primary batteries come with different voltage ranges, classified as low (less than 4.5v), medium (4.6v to 12v), and high (13v and above), and they are available as both rechargeable and non-rechargeable. These batteries find applications in aerospace and defense, medical, industrial, and various other fields.
The lithium primary batteries market research report is one of a series of new reports that provides lithium primary batteries market statistics, including lithium primary batteries industry global market size, regional shares, competitors with a lithium primary batteries market share, detailed lithium primary batteries market segments, market trends and opportunities, and any further data you may need to thrive in the lithium primary batteries industry. This lithium primary batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The lithium primary batteries market consists of sales of lithium/thionyl chloride battery (Li/SOCl2), lithium/manganese dioxide battery (Li/MnO2), lithium/polycarbon monofluoride battery (Li/CFX), and other lithium primary batteries. These batteries are used in clocks and cameras. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Lithium Primary Batteries Market Characteristics3. Lithium Primary Batteries Market Trends and Strategies4. Lithium Primary Batteries Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Lithium Primary Batteries Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Lithium Primary Batteries Market34. Recent Developments in the Lithium Primary Batteries Market
5. Global Lithium Primary Batteries Growth Analysis and Strategic Analysis Framework
6. Lithium Primary Batteries Market Segmentation
7. Lithium Primary Batteries Market Regional and Country Analysis
8. Asia-Pacific Lithium Primary Batteries Market
9. China Lithium Primary Batteries Market
10. India Lithium Primary Batteries Market
11. Japan Lithium Primary Batteries Market
12. Australia Lithium Primary Batteries Market
13. Indonesia Lithium Primary Batteries Market
14. South Korea Lithium Primary Batteries Market
15. Western Europe Lithium Primary Batteries Market
16. UK Lithium Primary Batteries Market
17. Germany Lithium Primary Batteries Market
18. France Lithium Primary Batteries Market
19. Italy Lithium Primary Batteries Market
20. Spain Lithium Primary Batteries Market
21. Eastern Europe Lithium Primary Batteries Market
22. Russia Lithium Primary Batteries Market
23. North America Lithium Primary Batteries Market
24. USA Lithium Primary Batteries Market
25. Canada Lithium Primary Batteries Market
26. South America Lithium Primary Batteries Market
27. Brazil Lithium Primary Batteries Market
28. Middle East Lithium Primary Batteries Market
29. Africa Lithium Primary Batteries Market
30. Lithium Primary Batteries Market Competitive Landscape and Company Profiles
31. Lithium Primary Batteries Market Other Major and Innovative Companies
35. Lithium Primary Batteries Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Lithium Primary Batteries Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on lithium primary batteries market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for lithium primary batteries? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The lithium primary batteries market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
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)
4) By Operation: Rechargeable, Non-rechargeable
3) By Application: Aerospace and Defense, Medical, Industrial, Other Applications
Subsegments:
1) By Lithium/Thionyl Chloride Battery (Li/SOCl2): High-Energy Density Applications; Long Shelf-Life Applications; Use in Military and Aerospace Devices2) By Lithium/Manganese Dioxide Battery (Li/MnO2): Consumer Electronics; Medical Devices; Automotive Applications
3) By Lithium/Polycarbon Monofluoride Battery (Li/Cfx): Specialty Applications; High-Temperature and High-Drain Devices; Industrial Equipment and Sensors
Key Companies Mentioned: Ultralife; Varta AG; Maxell Ltd; GP Industries Ltd; SAFT
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Ultralife
- Varta AG
- Maxell Ltd
- GP Industries Ltd
- SAFT
- China Electronics Cooperation
- Contemporary Amperex Technology Co. Limited (CATL)
- Sunwoda Electronic Co
- Tianneng Group
- Chaowei Power Holdings Limited
- Desay Battery Co. Ltd.
- AKOM
- InoBat Auto
- Samsung SDI
- SK Innovation
- LG Chem
- Valence Technology Inc
- A123 Systems LLC
- Rock Tech Lithium
- Standard Lithium
- American Lithium
- Tesla Inc
- Bren-Tronics Inc
- Duracell
- FDK Corporation
- Energizer Holdings
- Renata SA
- Toshiba Corporation
- Amar Raja Batteries Ltd
- Surya Roshini Ltd
- Fujian Jinhua Integrated Circuit
- Konka Group Co. Ltd
- Hisense Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 12.72 Billion |
| Forecasted Market Value ( USD | $ 17.72 Billion |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 33 |
