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Coin Cell Battery Market Size, Share Global Analysis Report, 2019–2026
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
Industry Insights
According to the report published by Facts & Factors, the global Coin Cell Battery Market size was worth around USD 235 million in 2019 and is predicted to grow around USD 460 million by 2026 with a compound annual growth rate (CAGR) of roughly 2% between 2020 and 2026. The report analyzes the global Coin Cell Battery Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Coin Cell Battery Market.
The report encompasses the forecast as well as analysis of the coin cell battery market on a global and regional level. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the coin cell battery market report.
We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the coin cell battery market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis.
Key Insights from Primary Research
- As per our primary respondents, the global coin cell battery market is set to grow annually at a rate of around 2.0%
- It was established through primary research that the coin cell battery market was valued at around USD 460Million in 2018
- Based on the type segmentation, the global coin cell market was led by LR (Alkaline). This category held above 60% market share in 2018. Furthermore, the category is expected to grow at a CAGR of around 2.2% during the forecast period.
- On the basis of application segmentation, the “retail”category held the leading share at more than 58%, in 2018.
- By end use, the watch segment dominated the global coin cell market in 2018. Watch segment accounted for more than 40% share in the global coin cell market in 2018
Key Recommendations from Analysts
- As per our analysts, the growing investments by the major players along with the surging business sectors such as IT, BPOs, KPOs, tourism, medical, etc., employment opportunities are collectively resulting in the increased purchasing power and demand for goods and services. Therefore, the spending on consumer electronics across the globe is a prime factor for the growth of coin cell batteries.
- Expanding retail industries especially in developing countries such as India, China, South Korea, Brazil, etc. is likely to offer the Customers to have the ever-increasing choices of products at the lowest rates.
- The evolving e-commerce sector globally is expected to bolster the growth of the retail industry, and this trend would continue in the years to come, which in turn is expected to cater the sustainable growth over the forthcoming years.
Market Attractiveness – By Type
The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the coin cell battery market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the coin cell battery market.
The study provides a decisive view of the coin cell battery market by segmenting the coin cell battery market based on type, application, end-use, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global coin cell market is primarily driven by the growing demand for coin cell from the technology-driven products such as notebook, subnotebook, palmtop, and pen computers, telephones and camcorders, across the globe. Batteries recycling and disposal have been a critical issue globally which is likely to impede the market’s growth. Nonetheless, rising demand for compact medical and compact electronic products especially in developing countries is likely to offer new opportunities over the forthcoming years.
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.
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 |
Sony, Maxell (Hitachi), Panasonic, Renata Batteries (Swatch Group), Rayovac, Toshiba, Varta Microbattery, GP Batteries, Duracell Inc. 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
- Sony
- Maxell (Hitachi)
- Panasonic
- Renata Batteries (Swatch Group)
- Rayovac
- Toshiba
- Varta Microbattery
- GP Batteries
- Duracell Inc.
This report segments the Coin Cell Battery market as follows:
By Type Segment Analysis
- LR (Alkaline)
- SR (Silver Oxide)
- CR (Lithium)
- ZnAir
- Others
By Application Segment Analysis
- OEM
- Retail
By End-Use Segment Analysis
- Watches
- Hearing Aids
- Calculators
- Others
Regional Segment Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
Key Pointers Addressed by the Report
- Historical data and forecast analysis of the market
- Drivers and Restraints affecting market dynamics
- Exhaustive analysis about the future market trends
- Comprehensive information about the leading market segments and region
- Strategic developments made by the competitive players and in-depth analysis about its impact on market growth
Table of Content
Industry Major Market Players
- Sony
- Maxell (Hitachi)
- Panasonic
- Renata Batteries (Swatch Group)
- Rayovac
- Toshiba
- Varta Microbattery
- GP Batteries
- Duracell Inc.
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