Button Cell Batteries Market Growth Drivers, Key Segments, and Regional Outlook

Button Cell Batteries Market Size

The global Button Cell Batteries market was valued at US$ 4693 million in 2023 and is anticipated to reach US$ 7163 million by 2030, witnessing a CAGR of 6.3% during the forecast period 2024-2030.

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Button Cell Batteries Market Trends

The widespread usage of button cell batteries in tiny electronic devices including watches, calculators, hearing aids, and medical equipment drives the button cell battery industry. The button cell battery market is seeing growth due to the growing need for tiny and portable electronic devices that offer dependable power in a compact form factor.

The market for button cell batteries is expanding due to advancements in battery technology, which have improved energy density, voltage stability, and battery life. New materials and chemistries, such lithium- and silver oxide-based button cells, are improving these batteries' performance and broadening their range of uses.
Button Cell Batteries Market Share

The major players in global Button Cell Batteries market include Varta Microbattery, Panasonic, Murata, Energizer (Rayovac) and EVE Energy. The top 3 players occupy about 24% shares of the global market. Asia Pacific is the largest market, with a share over 45%, followed by North America and Europe with the share about 25% and 20%. Lithium Button Cell Batteries (CR) is the main type, with a share about 42%. Automotive is the main application, which holds a share about 16%.

By Type
• Lithium Button Cell Batteries (CR)
• Silver Oxide Batteries (SR)
• Alkaline Button Cell Batteries (LR)
• Zinc-Air Batteries (Zinc-Air)

By Application
• Traditional Watch and Calculators
• Hearing Aid
• TWS Bluetooth Headset
• Wearable Device
• Medical and Healthcare Device
• IoT Devices
• Automotive
• Toys
• PC & Laptops

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Key Companies
Varta Microbattery, Panasonic, Murata, Energizer (Rayovac), EVE Energy, Maxell (Hitachi), Toshiba, Duracell, Renata Batteries (Swatch Group), Ganfeng LiEnergy (Ganfeng Lithium), GP Batteries, Guangzhou Great Power Energy, Seiko, Philips, Kodak, Vinnic, NANFU, TMMQ, Chongqing VDL Electronics, Changzhou Jintan Chaochuang Battery, Power Glory Battery Tech, New Leader Battery Limited, Yufeng Battery, Mitsubishi, Ningbo GP&Sonluk, Camelion Battery

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This release was published on openPR.