According to a recent market study published by Growth Market Reports , titled, "Global Coin Cell Batteries Market by type, sales channel, and by region: Size, Share, Trends, and Opportunity Analysis, 2017-2027", the market was valued at USD 4,184.3 million in 2019 and is expected to grow at a rate of 0.56% by 2027. Key factors that are anticipated to fuel the demand for coin cell batteries during the forecast period are growing use of coin cell batteries in computers and gaming devices, rising popularity of coin cell batteries, increasing demand for electronic products along with smart devices, and rising technological innovations in batteries.

Conversely, safety concerns related to coin cell batteries and environment damage caused by coil cell batteries are expected to restrain the market. Rising adoption of IoT-based devices, increased consumer spending on electronic products, and rising health consciousness in Asia Pacific are creating opportunities in the market.

In terms of types, the coin cell market is segmented as LR (Alkaline), SR (Silver Oxide), CR (Lithium), ZnAir, and others. The SR (Silver oxide) segment is projected to account for a key share of the market, owing to its voltage stability, high quality, and reliability in applications such as electronic devices. Based on sales channels, the market is divided into OEM, retail, and others. The retail segment accounted for a significant share of the coin cell batteries market in 2019.

The OEM segment is anticipated to expand at a substantial CAGR during the forecast period, due to growing demand for coin cell batteries from the manufacturers of electronic products. Some manufacturers of electronic products purchase coin cell batteries as raw material for products such as toys and wrist watches along with batteries fixed inside the product. By regions, the coin cell batteries market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is bifurcated into countries such as the US and Canada.

The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America. Asia Pacific is segmented into China, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific. Europe is further categorized into Germany, France, Italy, the UK, Spain, Russia, and the Rest of Europe. MEA is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

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The effect of COVID-19 pandemic led to the closure of several non-essential businesses, reducing the demand for electronic goods in the world, which in turn, is affecting several industries worldwide. Manufacturing execution systems provide businesses opportunities to track production and other manufacturing plant activities in real-time. This greatly reduces the need for on-site and shop floor staff, thereby complying with COVID-19's lockdown and social distance mandates. The manufacturing industry took a significant hit and is expected to struggle to reach the pre-COVID-19 market size during the forecast period, as the COVID-19 pandemic affected the battery manufacturing industry negatively, due to disturbances in the supply chain and manufacturing activities.

As per our analyst Kalyani Devrukhkar, “expected demand for smart devices and electronic toys post COVID-19 is projected to offer solace to key manufacturers in the coin cell batteries market. Post 2022, the manufacturing industry is anticipated to regain its momentum and make rapid recovery. This, in turn, is expected to boost the production as well as consumption of coin cell batteries across various applications”

Key Takeaways from the Study

  • Coin cell batteries have price elastic demand. Demand for coin cell batteries is expected to contract, as prices increase. The competitors pricing along with the product quality is anticipated to affect the market share of this industry positively.
  • Based on sales channels, the market is divided into OEM, retail, and others. The retail segment accounted for a significant share of the coin cell batteries market in 2019.
  • In terms of types, the coin cell market is segmented as LR (Alkaline), SR (Silver Oxide), CR (Lithium), ZnAir, and others. The CR (Lithium) segment is anticipated to expand at a considerable CAGR during the forecast period, owing to increasing demand for medical devices. CR (Lithium) batteries are used in medical devices such as blood-pressure meter and blood-glucose meter, as the batteries have long shelf life, self-discharge property, and are temperature-resistant.

Report Scope

Report Metric

Details

Market Value in 2019

USD 4,184.3 million

Market Growth Rate (from 2021 to 2027)

0.56%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 –2027

Market Segments

Type and Sales Channel

Regional Scope

North America, Europe, Latin America, Asia Pacific, and Middle East & Africa (MEA)

Country Scope

The US, Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, the UK, Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE, and Rest of MEA.

Key Companies Profiled

BeStar Technologies USA, Camelion Batterien GmbH, Duracell Inc., ENERGIZER, EVE Energy Co., Ltd., FELLO Co., Ltd, Golden Power Group Holdings Ltd, Harding Energy, Inc., Koninklijke Philips N.V., Maxell, Ltd., Panasonic Energy Europe, Renata SA, Sony, TOSHIBA LIFESTYLE PRODUCTS & SERVICES CORPORATION, and Zeus Battery Products

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Coin cell batteries manufacturers, raw material suppliers, primary respondents, and distributors.
  • Demand Side: Individual users and OEMs for electronic products.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: International Patent Families, Australian Competition and Consumer Commission, International Monetary Fund, and European Patent Office.