Primary Lithium Batteries are batteries that utilize lithium metal as the negative electrode, with its matching positive electrode material being either oxygen, monomeric sulphur, metal oxide or other substances. Electricity is generated through the corrosion or oxidation of lithium metal, which, like other dry cell batteries, is disposed of after use and cannot be recharged. The lithium metal used in the electrodes of disposable lithium batteries has a much higher electrical energy than dry cell batteries made from other materials, which provides sufficient power for devices that need to be powered for a long time, such as cameras and other portable devices. The most produced lithium metal battery is the button cell, which usually serves as a timekeeper for computers or devices and can operate for years, even as long as a computer. However, the direct application of lithium metal can present safety issues, poor multiplier and cycling performance, and even shredding of the negative electrode material inside the battery. Disposable lithium batteries are usually divided into 2 types: High Power Lithium and LiMnO2 Coin Products. Disposable lithium batteries are available in offline retail shops, offline specialty shops and online.
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Global Primary Lithium Batteries Market Analysis
According to our research, the Global Primary Lithium Batteries market has a total revenue of 1783.03 M USD back in 2015, and increased to 2286.28 M USD in 2019. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of Global Primary Lithium Batteries markets can be 3263.02 M USD by 2027. The CAGR of Global Primary Lithium Batteries is 4.75% from 2019 to 2027. The growth of the Global Primary Lithium Batteries market is driven by the downstream demand market. As the global economy develops, the population continues to increase. Growing market demand plays an active role in the expansion of the Global Primary Lithium Batteries market. Higher product quality and more affordable products will be one of the growth opportunities in this market in the future. At the same time, competition in new regions may become more intense. This may become a factor hindering market growth.
Global Primary Lithium Batteries companies are mainly from USA; the industry concentrate rate is moderate. The top three companies are Panasonic, Energizer, EVE Energy with the revenue market share of 14.99%, 13.57% and 11.66% in 2019. Asia Pacific was the largest revenue market with a market share of 60.91% in 2015 and 63.08% in 2019, an increase of 2.17%. In 2019, the North America market share was 15.05%, ranking second. In addition, Asia Pacific Primary Lithium Batteries market is expected to be the growing market. Development of economy, increase downstream demand, technology innovation progress in these areas will promote the Global Primary Lithium Batteries market.
Global Primary Lithium Batteries Market SWOT Analysis
The development of modern society is inseparable from the support of electricity. With the growth of world trade, the upgrading of downstream industries puts forward higher requirements for battery products. Primary Lithium batteries are used in many industries due to their long shelf life, high stability, and high capacity density. From electric meters, water meters, heat meters to smoke alarms, cameras, etc., Primary Lithium batteries are widely used. Primary Lithium batteries have strong irreplaceability in product applications. The structure of Primary Lithium batteries generally uses metallic lithium as the negative electrode, and the corresponding positive electrode is an active material, such as manganese dioxide and thionyl chloride. The main features include three: very high capacity density, some Primary Lithium batteries has a capacity density of up to 650wh/kg, which is difficult for ordinary batteries to achieve; very high stability, the shelf life of Primary Lithium batteries can reach 10-15 years, the annual self-discharge rate of the product with good quality can be less than 1%, with high stability and safety; a very wide temperature range. High power density and high safety make it difficult for Primary Lithium batteries to be replaced by other products.
The growth of downstream industries has brought profit opportunities for the industry and attracted new entrants to compete in the industry. Although the market concentration of this industry is not low, the industry threshold is relatively high, due to its importance and practicality (high energy density; long-term storage; battery power can be used in unattended remote areas without electricity), many companies from developing countries pay great attention on the development of the industry (for example, China\'s evebattery). The competitive landscape is strengthening. Producers are competing on the basis of R&D innovation, pricing, and added value to provide market competitive advantages. The development of the world economy is mainly attributed to the development of world trade. The development of world trade depends largely on the stable relationship between various economic entities. Geopolitical turmoil, changes in the EU system, trade wars, etc. will all lead to continued global economic instability. If conflicts occur in major economic entities, they will also affect political, cultural and technological exchanges, increase trade frictions, and hinder the process of globalization and world economic development.
Asia-Pacific is the largest market in the industry, occupying more than 60% of the market, mainly due to the development of emerging economies such as China and India. According to reports, China is fully deploying the use of ETC. The plan requires expressway toll stations to achieve full ETC coverage; in the parking area, it also encourages the full use of ETC devices; and plans to achieve full coverage of scene ETC services parking at airports, railway stations, passenger terminals, ports and other large-scale transportation stations by the end of December 2020. The demand for ETC composite power supplies will increase sales of primary lithium batteries, In addition, as countries in the Asia-Pacific region vigorously promote the development of the Internet of Things, various needs for primary lithium batteries have gradually risen, and the potential use of space is also increasing.
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