Segments - by Types (LR (Alkaline), SR (Silver Oxide), CR (Lithium), ZnAir, and Others), Sales Channels (OEM Demand, Retail, and Others), and by Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Segments - by Types (LR (Alkaline), SR (Silver Oxide), CR (Lithium), ZnAir, and Others), Sales Channels (OEM Demand, Retail, and Others), and by Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
The global coin cell batteries market was valued at USD 4,184.3 Million in 2019 and is projected to reach USD 4,376.4 Million by 2027, expanding at a CAGR of 0.56% during the forecast period. Coin cell is an ideal battery for powering small electronic devices such as wristwatches, pocket calculators, and toys, owing to its high capacity and composition.
This battery is used for holding the main system settings while the device is switched off. This battery delivers power to a system clock for the computer to remember the time after being turned off. Coin cell batteries are light in weight, small in size, fairly safe, and have a long shelf life.
Coin Cell Batteries MarketMarket Dynamics
Coin cell batteries are used in computers and gaming devices for powering the real-time clock and CMOS memory. The batteries have an expected life of three years while the computer is not plugged into a wall socket and the standby power from the power supply increases the life of the battery when the computer is plugged into a wall socket.
Moreover, coin cell batteries are used in computers and gaming devices for storing data when the device is powered off.
The growth of the computer gaming devices market is expected to drive the demand for coin cell batteries during the forecast period, as coil cell batteries are used in computer gaming devices for power supply. The global computer gaming market was valued at USD 35.3 billion in 2019 and the market grew by 4.5% in 2020.
COVID-19 had a positive impact on the global computer and gaming devices market. People required different ways to keep themselves occupied, as all economic activities slowed down. Hence, the gaming industry grew rapidly among the home entertainment segment.
Coin cell batteries are used in portable devices and electronic equipment including laptops and wristwatches. Increasing use of small gadgets and convenient devices boosted the use of coin cell batteries, as these small gadgets need small batteries to fit in the devices. Coin cell batteries are gaining popularity, owing to the increased use of compact electronic devices.
The sale of CR coin cell batteries increased by 10% from 2017 to 2018. Coin cell batteries are hugely popular for use in devices such as car keys, calculators, Fitbit, remote controls, digital scales, digital thermometers, and electronic games such as Hexbugs.
Increasing popularity of video and audio broadcasting, growing disposable income, and growth in e-commerce for consumer electronics are some of the major factors, which are driving the demand for electronic products. The electronic products industry grew from 2% in 2019 to 6% in the first quarter of 2021.
The growth of the electronic product industry is expected to drive the demand for coin cell batteries, as these batteries are extensively used in electronic products such as remote controls, electronic games such as Hexbugs, digital scales, watches, Fitbit, and digital thermometers for reliable power supply along with long shelf life.
Coin cell batteries are used in smart devices for long-lasting power. Moreover, the long life expectancy of coin cell batteries is one of the major factors responsible for the successful merging of the devices and internet. Growing demand for smart devices is expected to boost the demand for coin cell batteries during the forecast period.
Coin Cell Batteries MarketSegmental Outlook
By Types Segment
In terms of types, the coin cell batteries market is segmented as LR (Alkaline), SR (Silver Oxide), CR (Lithium), ZnAir, and others. The SR (Silver oxide) segment held 29.8% share of the market in 2019, owing to its voltage stability, high quality, and reliability in applications such as electronic devices.
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.
By Sales Channel Segment
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.
Steady demand for products such as toys, wristwatches, pocket calculators, and smart watches from retail stores is expected to drive the demand for coin cell batteries from the retail segment. These batteries are used extensively in products and are replaceable, which makes it easy to use.
Toys and wristwatches run on coin cell batteries, which is expected to hold a key share of the total revenue in retail. However, in recent years, demand for wristwatches, especially Swiss watches, decreased significantly. This affected the market growth since past few years.
Coin Cell Batteries MarketRegional Outlook
In terms of regions, the global coin cell batteries market is segregated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
North America is bifurcated into the US and Canada. Demand for coin cell batteries is high in the region, due to increased focus on digitization of products and services. Rising adoption of consumer electronic products is driving the demand for coin cell batteries in the region, as the batteries provide reliable power supply along with long shelf life.
Revenue from consumer electronic products in the US is expected to grow at a CAGR of ~4.24% during 2021-2025, resulting in an expected market volume of around USD 88,393 million by 2025.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Coin Cell Batteries market
Historical, Current, and Projected Market Size in terms of Value
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Coin Cell Batteries Market Performance
Key market players including BeStar Electronics Co., Ltd , Camelion Batteries GmbH, Duracell Inc., Energizer Holdings, Inc., EVE Energy Co., Ltd., FELLO Co., Ltd., Golden Power Group Holdings Ltd., HARDING ENERGY, INC., Koninklijke Philips N.V., Maxell Holdings, Ltd., Panasonic Corporation, Renata SA, Sony Group Corporation, Zeus Battery Products, and TOSHIBA CORPORATION are considered in the report based on different varieties of product availability, regional presence, efficient supply chain management system, and increasing demand for the products.
The players are adopting key strategies such as product development, geographical expansion, mergers and acquisitions, and many other strategies to increase the demand for coin cell batteries. For instance, Maxell Holdings, Ltd developed a cylindrical type lithium manganese dioxide battery, ‘CR17500AU’. The battery has a higher capacity than any available lithium manganese dioxide battery, which is suitable for Internet of Things (IoT) devices. The company succeeded in achieving high energy density using its original electrode technology for the battery.
Chapter 1 Executive Summary Chapter 2 Assumptions and Acronyms Used Chapter 3 Research Methodology Chapter 4 Coin Cell Batteries Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Coin Cell Batteries Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Coin Cell Batteries Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Coin Cell Batteries Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Coin Cell Batteries Market Size & Forecast, 2017-2027 4.5.1 Coin Cell Batteries Market Size and Y-o-Y Growth 4.5.2 Coin Cell Batteries Market Absolute $ Opportunity 4.6 Global Coin Cell Batteries Market: Impact Of Key Regulations 4.7 Lithium-ion Battery Market: Overview Chapter 5 Global Coin Cell Batteries Market Analysis and Forecast By Types 5.1 Introduction 5.1.1 Key Market Trends & Growth Opportunities By Types 5.1.2 Basis Point Share (BPS) Analysis By Types 5.1.3 Absolute $ Opportunity Assessment By Types 5.2 Coin Cell Batteries Market Size Forecast By Types 5.2.1 LR (Alkaline) 5.2.2 SR (Silver Oxide) 5.2.3 CR (Lithium) 5.2.4 ZnAir 5.2.5 Others 5.3 Market Attractiveness Analysis By Types Chapter 6 Global Coin Cell Batteries Market Analysis and Forecast By Applications 6.1 Introduction 6.1.1 Key Market Trends & Growth Opportunities By Applications 6.1.2 Basis Point Share (BPS) Analysis By Applications 6.1.3 Absolute $ Opportunity Assessment By Applications 6.2 Coin Cell Batteries Market Size Forecast By Applications 6.2.1 OEM Demand 6.2.2 Retail 6.2.3 Others 6.3 Market Attractiveness Analysis By Applications Chapter 7 Global Coin Cell Batteries Market Analysis and Forecast by Regions 7.1 Introduction 7.1.1 Key Market Trends & Growth Opportunities by Regions 7.1.2 Basis Point Share (BPS) Analysis by Regions 7.1.3 Absolute $ Opportunity Assessment by Regions 7.2 Coin Cell Batteries Market Size Forecast by Regions 7.2.1 North America 7.2.2 Europe 7.2.3 Asia Pacific 7.2.4 Latin America 7.2.5 Middle East & Africa (MEA) 7.3 Market Attractiveness Analysis by Regions Chapter 8 Coronavirus Disease (COVID-19) Impact 8.1 Introduction 8.2 Current & Future Impact Analysis 8.3 Economic Impact Analysis 8.4 Government Policies 8.5 Investment Scenario Chapter 9 North America Coin Cell Batteries Analysis and Forecast 9.1 Introduction 9.2 North America Coin Cell Batteries Market Size Forecast by Countries 9.2.1 U.S. 9.2.2 Canada 9.3 Basis Point Share (BPS) Analysis by Countries 9.4 Absolute $ Opportunity Assessment by Countries 9.5 Market Attractiveness Analysis by Countries 9.6 North America Coin Cell Batteries Market Size Forecast By Type 9.6.1 LR (Alkaline) 9.6.2 SR (Silver Oxide) 9.6.3 CR (Lithium) 9.6.4 ZnAir 9.6.5 Others 9.7 Basis Point Share (BPS) Analysis By Types 9.8 Absolute $ Opportunity Assessment By Types 9.9 Market Attractiveness Analysis By Types 9.10 North America Coin Cell Batteries Market Size Forecast By Applications 9.10.1 OEM Demand 9.10.2 Retail 9.10.3 Others 9.11 Basis Point Share (BPS) Analysis By Applications 9.12 Absolute $ Opportunity Assessment By Applications 9.13 Market Attractiveness Analysis By Applications Chapter 10 Europe Coin Cell Batteries Analysis and Forecast 10.1 Introduction 10.2 Europe Coin Cell Batteries Market Size Forecast by Countries 10.2.1 Germany 10.2.2 France 10.2.3 Italy 10.2.4 U.K. 10.2.5 Spain 10.2.6 Russia 10.2.7 Rest of Europe 10.3 Basis Point Share (BPS) Analysis by Countries 10.4 Absolute $ Opportunity Assessment by Countries 10.5 Market Attractiveness Analysis by Countries 10.6 Europe Coin Cell Batteries Market Size Forecast By Types 10.6.1 LR (Alkaline) 10.6.2 SR (Silver Oxide) 10.6.3 CR (Lithium) 10.6.4 ZnAir 10.6.5 Others 10.7 Basis Point Share (BPS) Analysis By Types 10.8 Absolute $ Opportunity Assessment By Types 10.9 Market Attractiveness Analysis By Types 10.10 Europe Coin Cell Batteries Market Size Forecast By Applications 10.10.1 OEM Demand 10.10.2 Retail 10.10.3 Others 10.11 Basis Point Share (BPS) Analysis By Applications 10.12 Absolute $ Opportunity Assessment By Applications 10.13 Market Attractiveness Analysis By Applications Chapter 11 Asia Pacific Coin Cell Batteries Analysis and Forecast 11.1 Introduction 11.2 Asia Pacific Coin Cell Batteries Market Size Forecast by Countries 11.2.1 China 11.2.2 Japan 11.2.3 South Korea 11.2.4 India 11.2.5 Australia 11.2.6 South East Asia (SEA) 11.2.7 Rest of Asia Pacific (APAC) 11.3 Basis Point Share (BPS) Analysis by Countries 11.4 Absolute $ Opportunity Assessment by Countries 11.5 Market Attractiveness Analysis by Countries 11.6 Asia Pacific Coin Cell Batteries Market Size Forecast By Types 11.6.1 LR (Alkaline) 11.6.2 SR (Silver Oxide) 11.6.3 CR (Lithium) 11.6.4 ZnAir 11.6.5 Others 11.7 Basis Point Share (BPS) Analysis By Types 11.8 Absolute $ Opportunity Assessment By Types 11.9 Market Attractiveness Analysis By Types 11.10 Asia Pacific Coin Cell Batteries Market Size Forecast By Applications 11.10.1 OEM Demand 11.10.2 Retail 11.10.3 Others 11.11 Basis Point Share (BPS) Analysis By Applications 11.12 Absolute $ Opportunity Assessment By Applications 11.13 Market Attractiveness Analysis By Applications Chapter 12 Latin America Coin Cell Batteries Analysis and Forecast 12.1 Introduction 12.2 Latin America Coin Cell Batteries Market Size Forecast by Countries 12.2.1 Brazil 12.2.2 Mexico 12.2.3 Rest of Latin America (LATAM) 12.3 Basis Point Share (BPS) Analysis by Countries 12.4 Absolute $ Opportunity Assessment by Countries 12.5 Market Attractiveness Analysis by Countries 12.6 Latin America Coin Cell Batteries Market Size Forecast By Types 12.6.1 LR (Alkaline) 12.6.2 SR (Silver Oxide) 12.6.3 CR (Lithium) 12.6.4 ZnAir 12.6.5 Others 12.7 Basis Point Share (BPS) Analysis By Types 12.8 Absolute $ Opportunity Assessment By Types 12.9 Market Attractiveness Analysis By Types 12.10 Latin America Coin Cell Batteries Market Size Forecast By Applications 12.10.1 OEM Demand 12.10.2 Retail 12.10.3 Others 12.11 Basis Point Share (BPS) Analysis By Applications 12.12 Absolute $ Opportunity Assessment By Applications 12.13 Market Attractiveness Analysis By Applications Chapter 13 Middle East & Africa (MEA) Coin Cell Batteries Analysis and Forecast 13.1 Introduction 13.2 Middle East & Africa (MEA) Coin Cell Batteries Market Size Forecast by Countries 13.2.1 Saudi Arabia 13.2.2 South Africa 13.2.3 UAE 13.2.4 Rest of Middle East & Africa (MEA) 13.3 Basis Point Share (BPS) Analysis by Countries 13.4 Absolute $ Opportunity Assessment by Countries 13.5 Market Attractiveness Analysis by Countries 13.6 Middle East & Africa (MEA) Coin Cell Batteries Market Size Forecast By Types 13.6.1 LR (Alkaline) 13.6.2 SR (Silver Oxide) 13.6.3 CR (Lithium) 13.6.4 ZnAir 13.6.5 Others 13.7 Basis Point Share (BPS) Analysis By Types 13.8 Absolute $ Opportunity Assessment By Types 13.9 Market Attractiveness Analysis By Types 13.10 Middle East & Africa (MEA) Coin Cell Batteries Market Size Forecast By Applications 13.10.1 OEM Demand 13.10.2 Retail 13.10.3 Others 13.11 Basis Point Share (BPS) Analysis By Applications 13.12 Absolute $ Opportunity Assessment By Applications 13.13 Market Attractiveness Analysis By Applications Chapter 14 Competition Landscape 14.1 Coin Cell Batteries Market: Competitive Dashboard 14.2 Global Coin Cell Batteries Market: Market Share Analysis, 2019 14.3 Company Profiles (Details - Overview, Financials, Developments, Strategy) 14.3.1 BeStar Electronics Co., Ltd, 14.3.2 Camelion Batteries GmbH 14.3.3 Duracell Inc. 14.3.4 Energizer Holdings, Inc. 14.3.5 EVE Energy Co., Ltd. 14.3.6 FELLO Co., Ltd. 14.3.7 Golden Power Group Holdings Ltd 14.3.8 HARDING ENERGY, INC. 14.3.9 Koninklijke Philips N.V. 14.3.10 Maxell Holdings, Ltd 14.3.11 Panasonic Corporation 14.3.12 Renata SA 14.3.13 Sony Group Corpration 14.3.14 Zeus Battery Products 14.3.15 TOSHIBA CORPORATION
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According to this report, the coin cell batteries market is expected to register a CAGR of 0.56% during the forecast period 2020-2027, with an anticipated valuation of USD 4,376.4 million by the end of 2027.
In addition to market size (in USD Million) and company market share (in % for base year 2019), other data such macro-economic factors and COVID-19 impact on the coin cell batteries market is available in the final report.
The coin cell batteries market is anticipated to grow significantly during the forecast period, due to increasing demand for coin cell batteries in gaming devices, electronic devices, and smart appliances.
The base year considered for the global coin cell batteries market report is 2019. The complete analysis period is 2017 to 2027, wherein 2017 & 2018 are the historic years, and the forecast period is provided from 2020 to 2027.
The market is expected to grow at a moderate rate in terms of demand during 2019-2020, owing to the impact of COVID-19 pandemic on the coin cell batteries market.
Major market players include BeStar Electronics Co., Ltd , Camelion Batteries GmbH, Duracell Inc., Energizer Holdings, Inc., EVE Energy Co., Ltd., FELLO Co., Ltd., Golden Power Group Holdings Ltd., HARDING ENERGY, INC., Koninklijke Philips N.V., Maxell Holdings, Ltd., Panasonic Corporation, Renata SA, Sony Group Corporation, Zeus Battery Products, and TOSHIBA CORPORATION.
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