Report Overview

“The Button cell Batteries Market size is expected to be worth around USD 4838.16 million by 2032 from USD 4,231 million in 2022, growing at a CAGR of 1.35% during the forecast period 2022 to 2032.”

The button cell is a perfect battery for powering minor electronic devices, including pocket calculators, electronic calculators, toys, and wristwatches, owing to its huge composition and capacity. Button cell batteries are small in size, reasonably safe, light in weight, and have an extended shelf life. While the device is turned off, this battery grips the key system settings. This battery carries power to a system clock for the computer to recall the time after it is switched off.

Alternatively identified as a watch battery or button cell, it is a circular, small, stainless steel disc it delivers power to portable devices, including computers and watches. These batteries play a significant role in computers as they permit them to recollect the definite set of the system while it is powered off.

Power is delivered to the system clock by the CMOS battery so that the computer can recall what day following time it boots. The picture is a sample of a model CR2032 Button cell battery on a computer motherboard. It is a regularly used Button cell battery. Most batteries comprise lithium, alkaline (manganese dioxide), and silver oxide and can consist of a lifespan of numerous years, dependent on usage.

Global Button cell Batteries Market Scope:

Type Analysis

Based on types, the Button cell batteries market share is further segmented as SR (Silver Oxide), LR (Alkaline), CR (Lithium), ZnAir, and others. The SR segment will hold a 30.1% market share in 2022, due to its reliability, high quality, and voltage stability, in applications such as electronic devices.

The CR segment is expected to increase at a substantial CAGR through the forecast period, owing to the growing demand for medical devices. CR batteries are used in medical devices, including blood-glucose and blood-pressure meters, as the batteries are temperature-resistant, have self-discharge properties, and extended shelf life.

Application Analysis

Based on application Button cell batteries market size and key segments by traditional watches, hearing aid, TWS Bluetooth headsets, wearable devices, medical devices, and other applications. Button cell battery is mostly utilized in different electronic devices such as watches, motherboards in computers, calculators, PDAs, calorie counters, garage door openers, games, electronic organizers, door chimes, toys, LED lights, pet collars, sporting goods, stopwatches, pedometers, etc.

Due to decreased production of traditional watches, the demand for the batteries market is also slow-moving. These cells are replaceable, which makes the devices easy to use. This rises the demand for such devices.

Distribution Channel Analysis

The market is separated into retail, OEM, and others based on distribution channels. The retail segment accounted for a significant Button cell batteries market share in 2022. Stable demand for products, including wristwatches, toys, smartwatches, and pocket calculators, is anticipated to raise the demand for Button cell batteries market forecast from the retail segment.

These battery cells are used comprehensively in products and are replaceable, making them easy to use. Wristwatches and toys run on Button cell batteries, projected to grip a key share of retail revenue. However, in latest years, demand for wristwatches, particularly Swiss watches, reduced significantly. This has affected the market growth key trend for the past few years.

Key Market Segments:

By Type

• LR (Alkaline)/ Alkaline Watch Batteries
• SR (Silver Oxide) / Silver Oxide Cell
• CR (Lithium) / Lithium cells battery
• ZnAir
• Other Types

By Application

• Hearing Aid
• TWS Bluetooth Headset
• Medical Device
• Traditional Watch
• Other applications

By Distribution Channel

• OEM Demand
• Retail
• Other Distribution Channel

Market Dynamics:

Major Market Driver

Batteries are used in gaming devices and computers to drive the CMOS memory and real-time clock. The batteries have an anticipated life of 3 years. The computer isn’t plugged into a wall socket, and from the power supply, however, the standby power rises the battery’s lifetime.

Additionally, batteries are utilized in gaming devices and computers to store data when powered off. The development of the computer gaming devices market is anticipated to increase the demand for Button cell batteries through the forecast period, as coil cell batteries are utilized in computer gaming devices.

In 2022, the electronic products industry raised by 4.3%. The growing popularity of audio and video broadcasting, rising disposable income, and the development of consumer electronics in e-commerce are some of the chief factors driving the demand for electronic products.

The electronic product industry development is anticipated to expand the demand for button cell batteries market trends, as the batteries are widely used in electronic products, including remote controls, electronic games (Hexbugs), watches, digital scales, digital thermometers, and Fitbit for dependable power supply beside long shelf life. Button cell batteries are utilized for long-lasting power in smart devices.

Additionally, the extended life expectancy of Button cell batteries market share is the main factor for integrating the internet and devices successfully. Rising demand for smart gadgets is anticipated to lift the need for Button cell batteries market forecast during the forecast period.

Challenges/Restraints

COVID-19 had a constructive impact on the worldwide gaming devices and computer market. The global computer gaming market was valued at USD 35,600 million in 2022 and grew by 4.7% in 2032. To keep themselves occupied, people required altered ways as all economic activities were slowed down. Hence, in the home entertainment segment, the gaming industry increased rapidly. Button cell batteries are utilized in electronic equipment and portable devices, including wristwatches and laptops.

The growing use of convenient devices and small gadgets enhanced the use of batteries, as these little gadgets require small batteries to be apt in the machines. Button cell batteries market trends are gaining popularity owing to the better use of compact-size electronic devices. The CR Button cell battery sale improved by 11%. Batteries are prevalent in appliances, including car keys, Fitbit, calculators, digital scales, remote controls, electronic games such as Hexbugs, and digital thermometers. Hence, the Button cell batteries market trends are registering significant growth.

Regional Analysis

In the Button cell batteries market share, North America holds 35.6% of the market share among other regions. The improved focus on digitization and linking forthcoming services and products have improved the development of the Button cell batteries market trends. The rising acceptance of consumer electronic products is raising the need for batteries in the fastest-growing region, as the batteries deliver a dependable, long shelf life and power supply.

However, Asia-Pacific is anticipated to grow at a rapid pace during the forecast period in the Button cell batteries market share. The rising acceptance of smart devices in Asia-Pacific will further drive the market. Changing the lifestyle and accepting smart technologies is the new tendency in the region. Hence Asia Pacific is set to raise with the maximum CAGR during the forecasted period.

Key Regions and Countries Covered in the Report:

• North America
  • The US
  • Canada
  • Mexico
• Europe
  • Germany
  • The UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific

• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The key industry players accept key benefits, and strategies, including geographical expansion, product development, mergers and acquisitions, and many other methods to increase the demand for the Button cell batteries market size. Maxell Holdings, Ltd has developed a cylindrical lithium manganese dioxide battery, ‘CR17500AU’. The battery has a higher basis of capacity than any available lithium manganese dioxide battery, which is suitable for IoT devices. The company achieved high energy density using its original electrode technology for the storm.

Market Players:

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

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For the Button cell Batteries Market research study, the following years have been considered to estimate the market size: