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Lithium-Ion (Li-Ion) Batteries Global Market Estimated To Grow At 15% Rate

Traction Battery Global Market Estimated To Grow At 13% Rate

Lithium Sulfur Batteries Global Market To Grow At Rate Of 29% Through 2026

Lithium Primary Batteries Industry Driven By Increasing Demand For Consumer Electronics

Increasing demand for consumer electronics contributed to the growth of the lithium primary batteries market. Non-rechargeable primary batteries such as dry-batteries and button-type batteries are commonly used in appliances like remote controls for TVs, clocks, and toys. According to the India Brand Equity Foundation, electronics manufacturing is expected to grow at an annual rate of 30% between 2020 to 2025. Moreover, the Indian appliances and consumer electronics market was valued at $10.93 billion in 2019 and projected to double to reach $21.18 billion by the end of 2025. Lithium primary cell batteries are central units in many consumer electronics goods. The primary batteries market experiences huge demand from the consumer electronics segment, which in turn is anticipated to propel the revenues generated for the lithium primary batteries market.

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