Coin Cell Batteries Market Size, Share, Growth, Forecast 2030

Coin Cell Batteries Industry Prospective:

The global coin cell batteries market size was evaluated at $4.50 billion in 2022 and is slated to hit $7.21 billion by the end of 2030 with a CAGR of nearly 6.11% between 2023 and 2030.

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Coin Cell Batteries Market: Overview

A coin cell battery is a tiny and circular stainless steel disc providing power to portable equipment such as computers and watches. It is used significantly in computers owing to its ability to help computers retain their system settings when power is off. Reportedly, coin cell batteries are also used in gaming devices for powering CMOS memory as well as real-time clocks. Moreover, coin cell batteries find a slew of applications in computers and gaming equipment for data storage when the computers are powered off.

 Key Insights

• As per the analysis shared by our research analyst, the global coin cell batteries market is projected to expand annually at the annual growth rate of around 6.11% over the forecast timespan (2023-2030)
• In terms of revenue, the global coin cell batteries market size was evaluated at nearly $4.50 billion in 2022 and is expected to reach $7.21 billion by 2030.
• The global coin cell batteries market is anticipated to grow owing to the escalating use of the product in laptops and wristwatches.
• In terms of type, the SR (Silver Oxide) segment is slated to register the highest CAGR over the analysis period.
• Based on the application, the retail segment is anticipated to dominate the segment over the projected period.
• Region-wise, the Asia-Pacific coin cell batteries industry is projected to register the fastest CAGR during the assessment timeline.

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Coin Cell Batteries Market: Growth Factors

The massive use of the product in gaming and computer devices will prompt the global market expansion over 2023-2030

Surging product use in computers and gaming devices will proliferate the size of the global coin cell batteries market in the coming years. Apart from this, the escalating use of the product in laptops and wristwatches will proliferate global market expansion. Additionally, the demand for the product in a spectrum of electronic devices such as digital scales, calculators, digital thermometers, electronic games, and car keys will embellish the global market trends. Rising video & audio broadcasting activities and thriving consumer electronic goods business in the e-commerce sector will steer the global market expansion over the forecast period. Massive product penetration in remote controls will further soar up the global market expansion. The increasing trend of purchasing smart devices has culminated in huge demand for coin cell a battery owing to the latter’s longevity. Launching of new products has helped the global market reach higher levels of growth in recent years. For instance, in July 2023, Nexperia, a key player in the semiconductor sector, launched two new kinds of battery life-enhancing ICs referred to as NBM7100 and NBM5100 which will increase the longevity of non-rechargeable lithium-based coin cell batteries along with enhancing latter’s current output capacity.

Coin Cell Batteries Market: Restraints

High raw component costs can decimate the global industry growth 

High costs of raw materials and fluctuations witnessed in supply chain management can hinder the global coin cell batteries industry expansion.

Coin Cell Batteries Market: Opportunities

A rise in the product usage in portable instruments can open novel growth avenues for the global market by 2030

The growing use of the product in portable devices along with a need for reducing battery wastage in low-powered IoT will create new growth opportunities for the global coin cell batteries market in the years ahead. The rise in the purchase of electronic products such as computers, laptops, and tablets has promulgated the growth of the market globally.

Coin Cell Batteries Market: Challenges

Reduction in the manufacture of traditional wristwatches can create a big challenge for the industry across the globe 

The decline in the production of conventional wristwatches can reduce the sales of coin cell batteries, thereby creating a huge challenge in the path of the global coin cell batteries industry expansion. 

Coin Cell Batteries Market: Segmentation

The global coin cell batteries market is sectored into type, application, and region.        

In type terms, the global coin cell batteries market is segregated into SR (Silver Oxide), LR (Alkaline), CR (Lithium), ZnAir, and others segments. Furthermore, the SR (Silver Oxide) segment, which accumulated nearly two-thirds of the global market share in 2022, is set to register the highest CAGR in the forecasting years. The growth of the segment in the upcoming years can be owing to the growing use of products in electronic equipment owing to its voltage stability and high quality.  

Based on the end-user, the global coin cell batteries industry is divided into automotive, construction, railway & shipbuilding, retail, aerospace & defense, mining, electrical & electronics, and others segments. Moreover, the retail segment, which accumulated a huge share of the global industry in 2022, is anticipated to lead the global industry expansion over the projected timeline. The segmental growth over the estimated timeline can be subject to the massive demand for coin cell batteries in the retail sector as a result of their compactness, easy attachment, and replacement ability in any device.  

Coin Cell Batteries Market: Report Scope

Coin Cell Batteries Market: Regional Insights

North American market is projected to maintain its numero uno position over the estimated timeframe

North America, which accounted for 65% of the global coin cell batteries market revenue in 2022, will be the dominating region over the projected timeframe. Moreover, the regional market growth can be credited to the growing highlight of the industry players on product digitization. Moreover, an increase in the consumption of consumer electronic goods will proliferate the regional market size. For the record, consumer electronic goods in the U.S. are set to grow by about 4.50% over the next eight years. Furthermore, Canada and the U.S. are likely to be the key regional revenue growth drivers in the coming decade.

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Asia-Pacific coin cell batteries industry is set to register the fastest CAGR in the next few years and the growth of the region can be attributed to an increase in the production and demand for calculators, pedometers, smart watches, and other smart electronics instruments in the countries such as Japan, Philippines, India, China, South Korea, and Taiwan. Rising government focus on the use of lithium-based coin cell batteries as a part of an initiative to use green products will spur regional industry trends.

Coin Cell Batteries Market: Competitive Space

The global coin cell batteries market profiles key players such as:

• BeStar Electronics Co. Ltd
• Golden Power Group Holdings Ltd.
• Camelion Batteries GmbH
• HARDING ENERGY INC.
• Panasonic Corporation
• Sony Group Corporation
• TOSHIBA CORPORATION
• Duracell Inc.
• EVE Energy Co. Ltd.
• Koninklijke Philips N.V.
• Maxell Holdings Ltd.
• Renata SA
• FELLO Co. Ltd.
• Energizer Holdings Inc.
• Zeus Battery Products.

The global coin cell batteries market is segmented as follows:

By Type

• LR (Alkaline)
• SR (Silver Oxide)
• CR (Lithium)
• ZnAir
• Others

By Application

• Automotive
• Construction
•  Railway & Shipbuilding
•  Retail
• Aerospace & Defense
• Mining
• Electrical & Electronics
•  Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa