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. The Coin Cell Batteries market has been witnessing a sluggish pace over 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 a long shelf life and 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 has a higher capacity. Due to all these factors, the coin cell batteries market shall witness growth during the forecast period.
Market Synopsis
Retail to Continue Dominating the Market
The retail segment shall dominate the coin cell batteries market. Coin cell batteries are compact cells easily attachable and replaceable in any device. Because of increased retail demand, 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, a decrease in the production of traditional wristwatches shall somehow adversely affect the coin cell batteries market all over.
The Asia Pacific to Register the Fastest Growth
North America leads the coin cell batteries market. North America has witnessed a large number of manufacturers focusing on research and development of technological products. However, Asia-Pacific is estimated to emerge as the fastest-growing region during the forecast period. The region's continuous penetration of products such as smartwatches, pedometers, electronic calculators, and other cell-driven cell-driven smart devices is the major factor supporting the market growth. In addition, government emphasis on lithium-based cells as a part of the go-green initiative shall also drive the coin cell batteries market. Subsequently, Asia Pacific would demonstrate the highest CAGR over the forecast period.
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. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was 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. In addition, the report provides a holistic view of the global coin cell batteries market based on product type, application, and geography. Key segments covered in the report are as follows:
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 (the 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 (the Middle East & Africa, Latin America)
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 the 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)
Frequently asked questions :
The market for Coin Cell Batteries Market is expected to reach US$ XX Bn in 2027.
The Coin Cell Batteries Market is expected to see significant CAGR growth over the coming years, at 0.45%
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Sony, Maxell, Panasonic, Renata Batteries, Rayovac are some of the major players in the global market.
