Increasing Use of Smart Devices to Boost the Coin Cell Batteries Market
The Coin Cell Batteries market worldwide is expected to grow with a CAGR of 0.45% during the forecast period from 2019 to 2027. Coin Cell Batteries market worldwide is witnessing a sluggish pace since the past few years and stood at USD 3.89 Bn in 2018. Coin cell batteries are button shaped have low self-discharge. The batteries have long shelf life, are reliable and consistent. Zinc and lithium are commonly used anodes in coin cell batteries. Relatively high-power devices like hiring aids may use zinc, which also have higher capacity. Due to all these factors, coin cell batteries market shall witness growth during the forecast period.
Market Synopsis
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Retail to Continue Dominating the Market
Retail segment shall dominate the coin cell batteries market. Coin cell batteries are compact cells easily attachable and replaceable in any device. On account of increased demand from retail, the coin cell batteries market is set to grow. Notably, retail constitutes more than 50% of total sales of coin cell batteries. As a result of all these factors, retail will continue dominating the coin cell batteries market throughout the forecast period. However, decrease in production of traditional wrist-watches shall somehow adversely affect the coin cell batteries market all over.
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Asia Pacific to Register the Fastest Growth
Coin cell batteries market is led by North America. North America has witnessed large number of manufacturers focusing on research and development of technological products. Asia-Pacific is estimated to emerge as fastest growing region during the forecast period. Continually growing penetration products such as smartwatches, pedometers, electronic calculators and other cell driven smart devices in the region is the major factor supporting he market growth. Government emphasis on lithium based cells as a part of go-green initiative shall also drive the coin cell batteries market. Subsequently, Asia Pacific would demonstrate the highest CAGR over the forecast period.
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Some of the prominent players operating in the coin cell batteries market include Sony, Maxell, Panasonic, Renata Batteries, Rayovac, Toshiba, Varta Microbattery, GP Batteries, Vinnic, Nanfu, TTMQ, EVE Energy, Golden Power, Camelion Battery among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The coin cell batteries market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global coin cell batteries market based on product type, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Product Type (2017–2027; US$ Bn)
• LR
• SR
• CR
• ZnAir
|
|
Application Type (2017–2027; US$ Bn)
• OEM Demand
• Retail
|
|
Geography (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of coin cell batteries in 2018 and forecast up to 2027?
- Which is the largest regional market for coin cell batteries?
- What are the major trends followed in overall coin cell batteries across different regions?
- Who are the key coin cell batteries companies leading the market?
- What are the key strategies adopted by the leading coin cell batteries companies in market?
Unique data points of this report
- Statistics on consumer electronics worldwide
- Recent trends across different regions in terms of adoption of coin cell batteries across various applications
- Notable developments going on in coin cell batteries market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
