05-Feb-2020 | Facts and Factors
Facts and Factors has authored “Coin Cell Battery Market By Type (LR (Alkaline), SR (Silver Oxide), CR (Lithium), ZnAir and Others), By Application (OEM and Retail), and End-Use (Watches, Hearing Aids, Calculators, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026”. Based on our analysis, the global coin cell battery market in 2019 is approximately USD 235.0 Million and is anticipated to reach around USD 460 Million by 2026. The anticipated CAGR for the coin cell battery market is around 2% from 2020 to 2026.
Coin cells, also known as button cells, are single cell battery with 5 to 25mm in diameter and 1 to 6 mm thick. The bottom metal part of the cell acts as a positive terminal and the insulated top cap of the cell acts as the negative terminal. Coin cells are usually disposable primary cells. Common anode materials are zinc or lithium. Common cathode materials are manganese dioxide, silver oxide, carbon monofluoride, cupric oxide or oxygen from the air. Coin cell batteries are used to power small, portable electronics devices like the keyless entry remote for your car, laser pointers, pocket calculators, implantable cardiac defibrillators and even artificial cardiac pacemakers.
Browse the full “Coin Cell Battery Market By Type (LR (Alkaline), SR (Silver Oxide), CR (Lithium), ZnAir and Others), By Application (OEM and Retail), and End-Use (Watches, Hearing Aids, Calculators, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026” report at https://www.fnfresearch.com/coin-cell-battery-market
The global coin cell market is mainly driven by the mounting demand for coin cell from the technology-driven products such as notebook, subnotebook, palmtop, and pen computers, telephones and camcorders, across the globe. Battery recycling is a major restraint in the market. Nonetheless, the escalating demand for compact medical and compact electronic products from the emerging markets is expected to set new wings to the market’s margin during the forecast period.
The Coin Cell Battery market is segmented based on Type, Application, and End-Use. Type-wise, the market is classified into LR (Alkaline), SR (Silver Oxide), CR (Lithium), ZnAir and Others. In terms of Application, the market segment is sectored into OEM and Retail. On the basis of End-Use, the market includes Watches, Hearing Aids, Calculators, and Others.
By type, the global coin cell battery market is classified into LR (Alkaline), SR (Silver Oxide), CR (Lithium), ZnAir, and Others. Alkaline batteries, which are referred to as the IEC prefix "LR", provide the least capacity and stable voltage relative to lithion and silver oxide. Alkaline coin cell voltage drops gradually with use, rather than lithium and silver oxide coin cells, which provide steady, stable voltage before experiencing a sharp drop-off at the ends of their lives. The alkanine (LR) coin cell segment accounted for 64.28% share in the global coin cell battery in 2018. The alkanine (LR) coin cell segment growth is attributable to the low cost of alkaline coin cells. Moreover, alkanine (LR) coin cells are extensively used in electronic products such as kids’ toys, watches, etc. The soaring consumer electronic industry has fueled the growth in the global alkanine (LR) coin cells market. The global coil cell battery market is bifurcated into OEM and Retail. By application, the retail segment dominated the global coil cell battery market, it held a share more than 60% in 2018 and the segment is expected to have a CAGR of 2.7% over the forecasted period. By end use, the watch segment dominated the global coin cell market in 2018. The watch segment accounted for more than 40% share in the global coin cell market in 2018 and it is expected to record a CAGR of 2.7% over the forecasted period.
In terms of regional analysis, Asia Pacific led the coin cell market in 2018. This growth is attributed to the increasing disposable income and the surging purchasing power, especially in India and China. Furthermore, increasing demand for technology-driven products in the region is expected to boom the growth of the coin cell market over the years to come. Asia Pacific market was followed by North America and Europe in the same year. Moreover, Latin America and Middle East & Africa are projected to witness lucrative growth of the coin cell market over the forthcoming years.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 235.0 Million |
Projected Market Size in 2026 |
USD 460 Million |
CAGR Growth Rate |
2% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Toshiba, Sony, Rayovac, Renata Batteries (Swatch Group), Duracell IncVarta Microbattery, Maxell (Hitachi), GP Batteries, Panasonic, and others. |
Key Segment |
By Type , Application, End-Use, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players operating in the Coin Cell Battery industry are Toshiba, Sony, Rayovac, Renata Batteries (Swatch Group), Duracell IncVarta Microbattery, Maxell (Hitachi), GP Batteries, Panasonic, and others.
This report segments the Coin Cell Battery market as follows:
Global Coin Cell Battery Market: By Type Segment Analysis
- LR (Alkaline)
- SR (Silver Oxide)
- CR (Lithium)
- ZnAir
- Others
Global Coin Cell Battery Market: By Application Segment Analysis
Global Coin Cell Battery Market: By End-Use Segment Analysis
- Watches
- Hearing Aids
- Calculators
- Others
Global Coin Cell Battery Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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