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| Global Silver Oxide Battery Market Size |
Silver oxide batteries are affordable primary batteries which provide high discharge capabilities and stable electrochemical performance. They are commonly used in portable electronic devices likecalculators, watches, hearing aids, remote controls etc. due to their high energy density and longer shelf life compared to alkaline batteries.
The global
silver oxide battery market is estimated to be valued at US$ 22 Mn in 2024 and
is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2031, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing adoption of portable consumer electronics such as remote controls,
toys and medical devices is driving the growth of the silver oxide battery
market. With technological advancements, portable electronic devices are
becoming smaller in size which requires batteries that occupy less space but
provide high energy density. Silver oxide batteries meet this requirement
making them a preferred choice for powering various miniature portable devices.
Furthermore, silver oxide batteries offer advantages like longer shelf life,
high discharge capabilities and stable electrochemical performance over other
primary batteries. Owing to these benefits their demand from applications like
hearing aids, watches and calculators is increasing significantly. The key
players are focusing on capacity expansion and new product launches to cater to
the growing demand for silver oxide batteries from the portable devices market.
Segment Analysis
The global silver oxide battery market is dominated by the button cell segment.
These button cell batteries are widely used in applications that require small
and compact power sources such as watches, calculators, hearing aids, and other
portable equipment. The dominant position of the button cell segment is
attributed to the small size, light weight, and long shelf life of these
batteries. Button cells have a stable power output suitable for low-drain
applications that do not require high current.
Key Takeaways
Global
Silver Oxide Battery Market Size is expected to witness high growth
over the forecast period of 2024-2031. The global silver oxide battery market
is estimated to be valued at US$ 22 Mn in 2024 and is expected to exhibit a
CAGR of 4.0% over the forecast period 2024 to 2031.
Regional analysis: The Asia Pacific region currently dominates the global
silver oxide battery market and is expected to maintain its leading position
during the forecast period as well. The large presence of consumer electronics
and medical devices manufacturing industries in countries such as China, Japan,
and South Korea is the major factor driving the silver oxide battery market in
Asia Pacific.
Key players: Key players operating in the silver oxide battery market are
Toshiba Electronic Devices & Storage Corporation (Toshiba Corp.), Hitachi
Power Semicon, Varta AG, NEC Corporation, FDK Corporation, SANYO Electric
Co.,Ltd., and Camelion Battery. Toshiba is one of the largest manufacturers of
silver oxide batteries worldwide, especially known for its button cell
batteries. Hitachi Power Semicon also has a significant market share for
medical and other specialty applications.
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