Coin Cell Batteries Market Report 2024 (Global Edition)

Global Coin Cell Batteries Market Report 2024 Market Size Split by Type (SR (Silver Oxide), LR (Alkaline), CR (Lithium), ZnAir, Others), by Application (Traditional Watch, Hearing Aid, TWS Bluetooth H...

Coin Cell Batteries Market Report Description

We have various report editions of Coin Cell Batteries Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Coin Cell Batteries Market Insights Video

Coin Cell Batteries Market Industry Company Profile:

Panasonic Energy Co., Ltd.

Panasonic Energy Co., Ltd. is one of the significant lithium-ion cells manufacturers and the company's business scope includes dry batteries that support convenient, comfortable daily lives, and also batteries support automotive industry including EV's and a broad range of social infrastructure. Panasonic Energy Co., Ltd. has its three business divisions namely, energy device business, mobility energy business, and energy solutions. The wide array of products offered by the company have their applications in vehicles, IoT, infrastructure, consumer goods, and many more. The company has a total of 20 global manufacturing sites, out of which 9 sites are in Japan and remaining 11 are in other countries. The organization has a total of 12 global sites, 1 in Japan and 11 in other countries. The company has its R&D office in Osaka, Japan.

Recent Developments:

December 2022

Panasonic Energy and Lucid Group entered into an agreement for supply of lithium ion batteries

Panasonic Energy Co., Ltd., a Panasonic Group company, and Lucid Group, Inc entered into a multi-year agreement to supply batteries for Lucid's luxury electric vehicle, Lucid Air. Through this agreement, Panasonic's plan to expand the production capacity of lithium-ion batteries outside Japan and into the United States with production from both the facilities, in Japan and in De Soto, Kansas. The agreement assisted the company in its business expansion with expansion of production capacity.

Energizer Holdings, Inc.

Energizer Holdings, Inc. is engaged in the manufacturing of primary batteries and portable lighting products and is anchored by its globally recognized brands Energizer, EVEREADY, Rayovac, and VARTA. The company offers household batteries including primary rechargeable, specialty, and hearing aid using many technologies including lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide. These products are available all over the world across North America, Latin America, Asia, the Middle East and Africa. In addition, the company offers auto care products in the appearance, fragrance, performance, and air conditioning recharge product categories.

Recent Developments

May 2023

Energizer announced the investment of $43m in the expansion of battery and packaging facilities

In May 2023, Energizer Holdings, Inc. announced plans to invest $43 million in expanded manufacturing operations and jobs in Asheboro, North Carolina, over the next several years. This creates 144 jobs over the next three years and 178 total jobs over five years. This investment strengthens the company's operational growth and its presence in the region.

Top Companies Market Share in Coin Cell Batteries Industry: (In no particular order of Rank)

• Panasonic Energy Co.
• Ltd.
• Energizer Holdings
• Inc.
• Murata Manufacturing Co.
• Ltd
• Duracell Inc.
• Others
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Coin Cell Batteries Market Regional Analysis

Region and country analysis section of Coin Cell Batteries Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Coin Cell Batteries market.

 

The current report Scope analyzes Coin Cell Batteries Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North AmericaCoin Cell Batteries Market

North America Coin Cell Batteries Market size 2023

The North America Coin Cell Batteries market size will be USD 976.77 Million by 2023.

North America Coin Cell Batteries market Analysis:

North America coin cell batteries have a significant market share throughout the forecast period. North America is one of the leading markets for coin cell batteries due to its advanced technological infrastructure, high consumer awareness, and a strong presence of key players in the electronics industry. This region encompasses countries like the United States and Canada. North America is at the forefront of technological advancements, driving the demand for various electronic devices and subsequently, coin cell batteries. The widespread use of smartphones, wearables, and other electronic gadgets in North America fuels the demand for coin cell batteries.

Europe Coin Cell Batteries Market

Europe Coin Cell Batteries Market size 2023

The Europe Coin Cell Batteries market size will be USD 858.61 Million by 2023.

Europe Coin Cell Batteries market Analysis:

This might have influenced the choice of batteries used in products, favoring more environmentally friendly options. Coin cell batteries are widely used in various portable electronic devices, including watches, calculators, key fobs, and medical devices. The steady demand for these products contributed to the demand for coin cell batteries. For instance, in 2022, Murata introduced a child-resistant packaging option for its lithium coin cell batteries, now offered in a convenient 5-piece tear-strip package.

The development of more efficient and long-lasting coin cell batteries, along with advancements in manufacturing processes, played a role in the market dynamics. Coin cell batteries are commonly used in medical devices such as glucose monitors, hearing aids, and various types of sensors. The European healthcare industry played a significant role in driving the demand for coin cell batteries.

Asia Pacific Coin Cell Batteries Market

Asia Pacific Coin Cell Batteries Market size 2023

The Asia Pacific Coin Cell Batteries market size will be USD 1,604.26 Million by 2023.

Asia Pacific Coin Cell Batteries Market Analysis:

The Asia Pacific region is home to some of the world's most populous countries, including China and India. The high population density, coupled with a rising middle class, has driven significant demand for consumer electronics, which in turn fuels the demand for coin cell batteries. Many of the world's leading electronics manufacturers are based in Asia Pacific countries, particularly in China, Japan, South Korea, and Taiwan. This concentration of manufacturing facilities leads to a substantial demand for coin cell batteries used in various electronic products.

South America Coin Cell Batteries Market

South America Coin Cell Batteries Market size 2023

The South America Coin Cell Batteries market size will be USD 372.12 Million by 2023.

South America Coin Cell Batteries market Analysis:

The economic conditions in South American countries can vary significantly. Some countries, such as Brazil and Argentina, have well-established consumer electronics markets, driving demand for coin cell batteries. Economic stability, inflation rates, and consumer purchasing power are key factors influencing the market. The economic forecast for Brazil is characterized by anticipated improvements, including higher urbanization rates and a positive GDP growth line.

Concurrently, household disposable income is projected to rise. The combination of urbanization and increased disposable income is expected to drive greater demand for household devices dependent on coin cell batteries. Some countries in South America are considered emerging markets, experiencing rapid urbanization, technological adoption, and increased consumer spending on electronics. This can lead to a growing demand for coin cell batteries.

Middle East and Africa Coin Cell Batteries Market

Middle East and Africa Coin Cell Batteries Market Size 2023

The Middle East and Africa Coin Cell Batteries market size will be USD 183.71 Million by 2023.

Middle East and Africa Coin Cell Batteries market Analysis:

The MEA region encompasses a diverse range of economies, from oil-rich Gulf countries to emerging markets in Africa. Economic stability, income levels, and consumer purchasing power significantly influence the market for coin cell batteries. Some countries in the MEA region have their own coin cell battery manufacturing facilities, while others rely heavily on imports. This can affect market dynamics, pricing, and availability.

The penetration of consumer electronics in the MEA region varies widely. Some Gulf countries have high levels of consumer electronics adoption, driving demand for coin cell batteries. In Africa, there is a growing market for basic consumer electronics. For instance, Duracell and Al Jalila Children’s Specialty Hospital have partnered to promote safety awareness regarding Lithium Coin Cells in Saudi Arabia through social media campaigns and educational initiatives.

Coin Cell Batteries Market Analysis

According to our analysis, the SR (Silver Oxide) segment was be the leading market globally in 2022.

Silver oxide material is used for development of the coin cell batteries. The silver oxide is used as the positive electroactive material, zinc as the negative electrode active material and also includes aqueous alkali solution as the electrolyte solution. The features of the silver oxide battery include stable operating voltage, high capacity, superior load characteristics, resistant to leakage, excellent capacity retentions range, and mercury-free. Renata SA introduces silver oxide coin cell batteries used in medical equipment, watches, remote control, pocket computer, and other electronic devices. The company's silver oxide coin cells offer long lasting life, accuracy, high capacity, low self-discharge, and premium raw materials.

LR (Alkaline)

The alkaline coin cell battery uses different materials such as alkaline batteries. The LR is known as alkaline battery. The voltage offered by the alkaline coin batteries is 1.5V. Uniross, introduced alkaline coin cells which are micro-batteries suitable for consumer applications. The alkaline coin cells have low self-discharge, light weight, compact dimensions, and offers quality and performance. The alkaline coin cells batteries are used in consumer electronics which include calculators, watches, and remotes.

CR (Lithium) 

Lithium is commonly used material in the coin cell batteries. Lithium coin cell batteries includes a positive electrode of manganese dioxide, having an organic electrolyte. These batteries have voltage of 3 and end point voltage is 2. The major manufacturer focuses on the launch of lithium-ion coin cell batteries, which are used in end-use application. The CR series in lithium-ion batteries is used in consumer electronic, medical, wearable and other devices. Duracell Inc offers wide-range product line, which includes Duracell lithium-ion coin ell batteries which offers long lasting power, and efficiency. These batteries are suitable for use in remote, alarm clocks, and other electronic devices

ZnAir

Zn Air batteries are metal batteries used in coin cell. The Zn Air batteries are commonly used in hearing aids, and other wearable devices. Zinc air batteries are made from zinc metal anode combined to oxygen through an air cathode, Oxygen gas is introduced into the battery through the air cathode. Zinc air battery technology is available in different forms such as rechargeable, non-rechargeable, mechanically rechargeable. The rechargeable zinc air batteries used in electric vehicles. The non rechargeable zinc air battery is used in hearing aids. Zinc Air batteries offers high energy storage density. Renata SA, offers zinc air coin cell batteries, which is designed for high current, and long-lasting life. The zinc air batteries are suitable for hearing aids. Panasonic Energy Co., Ltd. offers zinc air battery, as the only oxygen-activated battery, which uses zinc as the active material. Zinc air coin cell battery offers comfortable, and long-lasting battery.

Others

The other type of coin cell batteries are made from mercury oxide. The use of mercury oxide was discontinued due to its toxic nature, and its usage resulted in CO2 emission. The other type of active material used for the making of coin cell batteries are graphite, acetylene black, polyvinylidene fluoride, NMP, sodium CMC, styrene-butadiene rubber, and deionized water.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Coin Cell Batteries Industry. Request a Free Sample PDF!

By Application, the Traditional Watch was the leading segment with 31.35% of the total coin cell batteries market in 2021.

Batteries The coin cell battery is used in traditional watches. The traditional watches use lithium-ion coin cell batteries, which are type of a non-rechargeable battery, with a nominal voltage of 3V. Silver oxide is a commonly used material for traditional watches. These batteries have a shelf life of 10 years, and constant voltage during the operation. Duracell Inc. offers coin cell batteries in traditional watches to ensure long-lasting performance. Furthermore, Murata Electronics offered several ranges of watch batteries in 2019. SR series of silver oxide micro batteries were launched in 2019 by the company.

Hearing Aid

The coin cell battery is used in traditional watches. The traditional watches use lithium-ion coin cell batteries, which are type of a non-rechargeable battery, with a nominal voltage of 3V. The silver oxide is a commonly uses material for traditional watches. These batteries have a shelf life of 10 years, constant voltage during the operation. Duracell Inc. offers coin cell batteries in traditional watches to ensure long lasting performance. Furthermore, the Murata Electronics offers several ranges of watch batteries in 2019. SR series of silver oxide micro batteries were launched in 2019 by the company.

TWS Bluetooth Headset

TWS Bluetooth headset do not use wires for connecting to media player. The TWS Bluetooth headphone use Bluetooth for pairing with any media device. These TWS Bluetooth headset requires battery for long lasting use. Guangzhou Great Power Energy & Technology CO., LTD. designed TWS ear phone coin cell which has structural design with high security, high storage capacity. Nuvola Technology invested its resources in designing of Nimbus Z fold electrode structure, which is used in coin cell battery products such as TWS earbuds. The Nimbus Z fold electrode structure offers 50% power and high capacity on a single charge.

Wearable Device

Wearable devices such as smart watches, wearable IoT devices uses coin cell batteries. Duracell Inc designed coin cell batteries made from lithium ion for use in smartwatches, fitness trackers. Murata Manufacturing Co., Ltd. designed extended temperature lithium coin batteries, which are suitable for outdoor IoT systems, such as smart meter, and FA control systems. Nexperia in July, 2023, launched two models of coin cell batteries NBM7100 and NBM5100, in battery management integrated circuit for low power IoT applications. The adoption of coin cell batteries reduces the amount of battery wastage in IoT devices.

Medical Device

Medical devices such as glucometer, digital thermometer, heart rate monitor, uses lithium coin cell batteries. Duracell Inc. designed Duracell speciality lithium-ion coin cell battery for wearable medical devices. Duracell specialty 357/303 silver oxide coin batteries suitable for use in medical devices such as insulin pumps, digital thermometer.

Other

The coin cell batteries made from commonly used material such as lithium-ion, silver oxide, and lithium manganese dioxide. The coin cell batteries are used in calculators, remote controls, bank card readers, electronic games and other. Lithium-ion coin cell batteries are also uses in electric vehicles, energy storage systems. The increasing preference towards miniaturization of these batteries’ expansion its usage in the market. Energizer designed energizer 1620 lithium coin cell battery used for toys, and electronic games. It holds a power for 8 years. VARTA AG designed Varta lithium coin cells designed for smart application such as key fobs, remote controls, scales, and smart home devices.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Coin Cell Batteries Distribution Channel Segment Analysis

By Distribution Channel, Retail was the largest segment in 2022

The coin cell batteries are distributed across the globe through a supply-chain network. The manufacturer of coin cell battery distributes its coin cell batteries through retail stores located at different locations. The Panasonic Energy Corporation of America distributes its coin cell batteries to different location through its retail stores such as dollar teem Walmart, amazon, BI-mart, micro center computer electronics.

OEM Demand

The original equipment manufacturer designs coin cell batteries on a contract basis according to the requirement of manufacturer. Microbattery.com offers OEM requirement for the major brands of coin cell batteries such as Panasonic, Renata, Toshiba, and other. The microbattery.com supplies several types of coin cell batteries such as lithium-ion CR Lithium, silver oxide and other to electronic, medical, semiconductor and other end-use customers. Procell is an original equipment manufacturer of Duracell In. The Procell battery designs and distributes different type of coin cell batteries on contract basis.

Others

The other mode of distribution of coin cell batteries is online platforms, company portals which distributes these batteries to end-use customer. The online retailers such as Walmart, Amazon, and Walgreen are major online platforms, which distributes the coin cell batteries. The sale of coin cell batteries through online retail channel such as amazon, Home Depot is increasing in the market.

• Retail
• OEM Demand
• Others

Coin Cell Batteries End-user Segment Analysis

Coin cell batteries market, by End-user

Consumer electronics such as computer, tablets, smartphone, smart watches use lithium-ion coin cell batteries. Lithium-ion batteries are type of rechargeable batteries used in portable electronic devices such as laptops, phones, and wearable. Lithium batteries, which include lithium hydride and lithium-ion batteries gained popularity in consumer electronics due to low eight, high energy density, and long-lasting performance.

Healthcare

Medical equipment and measurement devices is consumed largely by the patient suffering from chronic cases patients. The rising number of chronic cases among patients, increases its use in the medical sector. The chronic cases in the US is estimated to USD 157 MILLION IN 2020 (Source: U.S. National Center for Health Statistics, 2020) The Renata SA supplies medical equipment’s such as insulin pumps, thermometers, glucometers to the healthcare facilities.

Other

The coin cell batteries made from different materials such as CR Lithium, and graphene are used in electric vehicles, car keys, and other. Lithium-ion coin cells batteries are used in electric vehicles due to their high charging and discharging efficiency, and high energy density. Adden Energy on September, 28, 2022, launched coin cell battery, used for electric vehicles. The launch of this coin cell battery reduces CO2 emission

• Consumer Electronics
• Healthcare
• Others

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion