Button Cell Market
According to a new report published by Introspective Market Research, titled, “Button Cell Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2024–2032,”
the global Button Cell market size was valued at USD 4741.04 million in 2023, and is projected to reach USD 8328.21 million by 2032, registering a CAGR of 6.46% from 2024 to 2032.
Button cells, also called coin cells or watch batteries, are small, circular batteries utilized to provide power for items such as wristwatches, calculators, and hearing aids. The market for button cells is expanding thanks to the need for small and portable electronic gadgets, fueled by ongoing advancements in electronics. The growing popularity of IoT devices and wearables has increased the need for durable and efficient power options. Manufacturers concentrate on improving battery technology to boost performance, longevity, and eco-friendliness.
According to The Button Cell Market is segmented into Type, Application, and region. By Type, the market is categorized into Alkaline, Silver Oxide, and Lithium. By Application, the market is categorized into Watches, Hearing aids, Medical Devices, and Electronic Products. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The increase in demand for small and dependable power sources in consumer electronics is driving growth in the button cell market. These tiny, round batteries are commonly utilized in products such as timepieces, mathematical devices, keychains, and auditory devices. The increasing use of smartwatches, fitness trackers, and wearable gadgets has led to an increased need for button cells. The expanding Internet of Things (IoT) network also depends on button cells due to their energy efficiency and compact size. With advancements in technology and miniaturization, the button cell market is forecasted to continue being important in meeting power needs. Producers are improving manufacturing capacities and investigating new battery technologies.
The advancement of high-performance materials such as lithium-air and solid-state electrolytes has enhanced energy density and battery lifespan, which has had a positive impact on button cell usage in small electronic devices such as medical implants and watches. Research has focused on rechargeable button cells as a sustainable energy solution, aiming to decrease both environmental impact and long-term expenses. Manufacturers are creating smaller, lighter, and more powerful button cells to meet the demand for miniaturized, energy-efficient devices in IoT and wearable technology, which is also driving the button cell market.
Global Button Cell Market, Segmentation
The Button Cell market is segmented based on packaging Type, Application, and Region.
Type:
Button cells, commonly chosen for electronic devices, are favored for their dependability and durable power. Alkaline button batteries, which use alkaline manganese dioxide technology, are appropriate for devices with low power consumption such as watches and calculators. These cells generally have a 1.5-volt voltage and are available in different sizes. The alkaline chemistry involves manganese dioxide reacting as the positive electrode and zinc as the negative electrode, resulting in improved efficiency and longevity compared to other types.
Application:
Button cell watches, also known as coin cell watches, are compact, round batteries known for their small size and reliable performance. Silver oxide button cells are commonly used in analog quartz watches due to their stable voltage, accurate timekeeping, and longer lifespan. They are compact and suitable for slim watch cases. Lithium button cells are lightweight and have high energy density, used in digital and multifunctional watches for features like backlighting and alarms. They are known for their extended shelf life and resistance to extreme temperatures.
Region:
The button cell market in the Asia Pacific region is poised for domination because of swift industrialization, urbanization, and an expanding middle-class population. Its strong market position is upheld by its efficient production methods and reliable local supply network. Key factors contributing to its competitive advantage include prominent firms in the sector, supportive governmental policies, financial backing for innovation, and a skilled workforce. The advantageous location of the region allows for easy distribution and exporting.
Some of The Leading/Active Market Players Are-
- Camelion Battery (United States)
- Duracell Inc. (United States)
- Energizer (United States)
- Varta (Rayovac) (Germany)
- Renata Batteries (Swatch Group) (Switzerland)
- Swatch Group (Switzerland)
- Swatch Group (Switzerland)
- EVE Energy (China)
- NANFU (China)
- Panasonic (Japan), and Other Active Players
Key Industry Developments
- In January 2022, Toshiba Launched a 20Ah-HP SCiB™ Rechargeable Lithium-ion Battery Cell that Delivers Both High Energy and High Power. The cell is ideal for heavy-load applications where high-power input and output are essential, and for situations where battery cells must suppress heat and operate continuously, such as rapid charging of commercial vehicles, regenerative power systems for rolling stock, and industrial equipment. The cell is the same size as Toshiba’s current 20Ah product, allowing current customers to easily upgrade to the improved input and output power with the same module pack. The cell is now available to order worldwide.
- In March 2021, Duracell, the most trusted battery brand, announced that it was teaming up with The American Academy of Pediatrics (AAP) to help educate parents and caregivers about the importance of lithium coin battery safety to help prevent accidental lithium coin battery ingestions. With families spending more time at home combining work and home life into one, lithium coin battery safety is more essential than ever.
Key Findings of the Study
- The button cell market is experiencing growth due to the increasing demand for small, reliable power sources in consumer electronics, particularly with the rise of smartwatches, fitness trackers, and wearable gadgets.
- Technological advancements, such as the development of high-performance materials like lithium-air and solid-state electrolytes, are enhancing energy density and battery lifespan, driving the adoption of button cells in small electronic devices and medical implants.
- The Asia Pacific region is leading the market, benefiting from rapid industrialization, urbanization, a growing middle-class population, and efficient production methods, supported by favorable government policies and a skilled workforce.
- Manufacturers are focusing on improving battery technology to boost performance, longevity, and eco-friendliness, while also exploring new battery technologies and enhancing manufacturing capacities to meet the rising demand for miniaturized, energy-efficient devices in IoT and wearable technology.
