Button Cell Market Size, Share & Industry Analysis By Type (Alkaline, Silver Oxide, Lithium, Others), By Application (Watches, Hearing Aid, Medical Devices, Electronic Products, Others) Others and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The button cell is a small single cell battery of flat cylindrical-shaped which used in portable and small devices. It is used in various applications such as wristwatches, artificial cardiac pacemakers, pocket calculators, implantable cardiac defibrillators, automobile keyless entry transmitters, hearing aids, among others. It is non-rechargeable, and have a relatively long life span and a constant output voltage. The button cell has potassium hydroxide which causes corrosion and harms the environment. The button cell is light in weight, wide operating temperature range and provides a steady and stable voltage which increases the reliability and efficiency of the system.
The button cell market is segmented into type, application, and geography. Based on the type, the market is categorized into the alkaline, silver oxide, lithium, and others. Silver oxide segment is dominating the market owing to high quality, voltage stability, and reliability in applications over the other material during the projected period. Based on the application, the market is segmented into watches, hearing aid, medical devices, electronic products, and others. Watches and electronic product segments are dominating the market during the projected period due to wide applications in watches and electric appliances.
Key Market Driver -
Growing demand for application in household appliances
Key Market Restraint -
High competition from small players
Significant advancements in technology and the growing adoption of button cells in various applications are the major factors attributed to the growth of the button cell market. Increasing application in multiple appliances such as wristwatches, pocket calculators, hearing aids, artificial cardiac pacemakers, laser pointers, implantable cardiac defibrillators, banking-card readers, toys, and among other applications also drives the demand for button cell. However, high competition from small players hampers the market growth during the projected period.
Key Players Covered:
The key players offering button cell in the competitive market are Sony, Hitachi, Panasonic, Swatch Group, VARTA Microbattery, Seiko Instruments Inc., Toshiba, Energizer, Duracell Inc., and GP Batteries.
Regional Analysis:
The button cell is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific is projected to hold the largest market share in the global button cell market owing to significant advancements in technology, and the growing adoption of button cells in various applications during the projected period.
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North America is also boosting the market growth due to strong competition from small players on pricing and marketing strategy. Hence, developing countries such as India and China in the Asia Pacific are extensively adopting the button cell for a large number of household appliances, electronic gadgets and devices, which is anticipated to be a major driving factor of the global button cell market during the forecast period.
Segmentation of the Global Button Cell Market | |
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Key Industry Developments
- In April 2018, Seiko Instruments Inc. introduced new micro battery products which include silver oxide battery, lithium rechargeable battery, and electric double-layer capacitor which helped the company to increase its product offerings in the global market
- Ongoing
- 2023
- 2019-2022
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