March 31, 2020
Coin Cell Batteries

Coin Cell Batteries Market growth drivers, opportunities and forecast analysis to 2027

The overall market for Coin Cell Batteries worldwide was valued at US$ 3.89 billion in 2018 and is set to grow with a CAGR of 0.45 per cent during the forecast period.

The overall market for coin cell batteries depends on both traditional and smart devices. The booming market for electronic devices has also contributed to the market for coin cell batteries. Coin cell batteries are a button cell shaped like a squat cylinder, typically 5 to 25 mm in diameter and 1 to 6 mm in height. These batteries are single cells, mostly cell batteries, and are disposable. In addition, increased use in computers and gaming devices drives coin cell batteries. As a result of these factors, we expect the market for coin cell batteries to grow stagnantly during the forecast period.

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On the basis of the type of application, the retail sector shall contribute more than 50% of the total revenue of the coin cell batteries market. Wristwatches and battery-operated toys comprised a large portion of total retail revenue. Due to the decline in the production of traditional watches, the market for coin cell batteries is also sluggish. Moreover, the use of battery coin cells in smartwatches, hearing devices, pocket calculators will somehow keep pace with the market for coin cell batteries. Coin cell batteries are replaceable, which makes them easy to use. This increases the demand for these devices. Due to these factors, the retail market for Coin Cell Batteries will continue to grow during the forecast period.

Based on geography, North America has led the market for Coin Cell Batteries. The increased focus on linking and digitizing future products and services has boosted the growth of the coin cell battery market in the region. Asia-Pacific is expected to lead the market for coin cell batteries during the forecast period. The growing adoption of smart devices in Asia-Pacific will further drive the market. Furthermore, changing lifestyles and the adoption of smart technologies are a new trend in the region. As a result of these factors, Asia Pacific is expected to grow with the highest CAGR during the forecast period.

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?

Some of the major companies profiled in the report include Sony, Maxell, Panasonic, Renata Batteries, Rayovac, Toshiba, Varta Microbattery, GP Batteries, Vinnic, Nanfu, TTMQ, EVE Energy, Golden Power Hongkong, Camelion Battery and others.

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