Silver Oxide Battery Market To Surpass US$ 19.70 Billion By 2025

The global silver oxide battery market was valued at US$ 15.55 Billion in 2017, according to Silver Oxide Battery Market Report, by Application (Toys, Medical Equipment, Electronics, and Others). The global silver oxide battery market is projected to reach US$ 15.55 Billion by 2025, exhibiting a CAGR of 3% during the forecast period. Properties of silver oxide batteries such as high volumetric energy density and its ability for delivering energy at relatively high current drains is leading to increasing demand for silver oxide batteries especially in miniature devices thereby driving growth of the global silver oxide battery market.

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Key players operating in the global silver oxide battery market includes Panasonic Corporation, Energizer Holdings, Maxwell Technologies, Inc., Seiko Instruments Inc., Berkshire Hathaway Inc., Sony Corporation, Toshiba Corporation, Renata SA, Camelion Battery, and Varta AG.

Increasing demand for batteries in electronic devices such as watches, calculators, and medical equipment is propelling growth of this market. According to ’ study, market for batteries used in medical devices and equipments is projected to surpass US$ 3.5 billion by 2025 thereby, supporting growth of this market. Advantages of silver oxide batteries as compared other energy cells is driving growth of this market. For instance, it has higher operating voltage as compared to mercury batteries, flatter discharge curve as compared to alkaline batteries, more run time, and free from flammability problems and thermal runaway as compared to lithium ion batteries.

Advantages of silver oxide batteries such as high capacity, low shelf discharge, and long shelf-life is a major factor driving growth of the global silver oxide battery market.

According to a Coherent Market Insights’ study, global hearing aids market was valued at US$ 7,584.8 million in 2016 and is expected to witness a robust CAGR of 4.6% between 2017 and 2025. This significant growth in the hearing aids market is propelling growth of the global silver oxide battery market.

Growing adoption of electronic wearables is fuelling growth of the global silver oxide battery market. According to Consumer Technology Association, health, fitness, and sports technology including fitness activity trackers, hearables hearing devices, smartwatches, and others is estimated to reach sales of 49.3 million units in 2018, an increase by 4% in from 2017 in the U.S.

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