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Global Rechargeable Coin Cell Market Share, Size, Growth, Trends, Analysis, Forecast: By Voltage: <1.2 V, 1.2-3.0 V, >3 V; By Capacity: < 100 mAh, 100 -1000 mAh, > 1000 mAh; By Chemistry: Lithium Based, Nickel Based, Zinc Based; Regional Analysis; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Rechargeable Coin Cell Market Outlook
The global rechargeable coin cell market size reached a value of USD 982.12 billion in 2021. During the forecast period of between 2023 and 2028, the market is expected to grow at a CAGR of 7.20%, owing to the increasing demand for wearable IoT-based devices.
Key Trends in the Market
Rechargeable coin cells are coin-sized batteries that are used to power various devices and can be recharged when power runs. They are used in a wide variety of applications, including smart watches, fitness bands, security devices, and consumer electronics. The cathodes are constructed from materials with similar properties to carbon monofluoride, manganese dioxide, ceramic oxide, and others. Typically, these cells' anodes are constructed of lithium or zinc.
- Button-shaped rechargeable coin cell batteries offer a low self-discharge rate. The batteries are dependable and constant, and have a long shelf life. During the forecast period, such factors are anticipated to drive the rechargeable coin cell market expansion.
- Rechargeable coin cell batteries are affordable and conductive, with a cost-effective manufacturing process. They are effective at avoiding unintentional short circuits and leakage, as a result, the global market is expanding.
- In comparison to primary batteries, rechargeable batteries are generally more environmentally friendly. Rechargeable batteries are favoured these days, as they reduce global warming, water pollution, and air pollution, by reducing the need to produce multiple single-use batteries.
- The market is expanding due to the rising demand for wearable IoT-based devices. Smartwatches, fitness trackers, and medical devices are a few examples of wearable IoT-based gadgets. Such devices are used for extended periods of time and require long-lasting batteries that can fit within the compact product exterior.
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Global Rechargeable Coin Cell Market Analysis
Based on voltage, the market is divided into <1.2 V, 1.2-3.0 V, and >3 V. The market on the basis of capacity is segmented into < 100 mAh, 100 -1000 mAh, and > 1000 mAh. On the basis of chemistry, the market is categorised into lithium based, nickel based, and zinc based. The regional markets for rechargeable coin cells can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global rechargeable coin cell market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Vatra AG
- Maxell, Ltd.,
- Duracell Inc.
- Westinghouse Electric Corporation
- Huizhou WinPow Industry Co., Ltd
- Others
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Market Share by Chemistry
For gadgets whose batteries are not removable or challenging to replace because of the device structure, lithium based rechargeable coin cell batteries are appropriate. They provide superior performance and have been produced in large quantities for many years, with extremely low self-discharge rates and compact sizes.
According to rechargeable coin cell market report, zinc based rechargeable coin cell batteries are primarily suited for applications that require less energy. While nickel based rechargeable coin cell batteries do offer adequate energy for applications that need greater power, their lifespan is significantly lower than that of lithium based rechargeable batteries.
Market Share by Region
The market for rechargeable coin cell batteries is dominated by North America. Many manufacturers in North America are now concentrating on research and development activities targeted towards compact electronics. The region's coin cell batteries market is expanding due to the rising focus on connectivity, IoT, and digitisation of upcoming devices and services.
During the forecast period, Asia Pacific is anticipated to grow at the fastest rate. The primary driver of the rechargeable coin cell market development in the region is the continued adoption of items like smartwatches, pedometers, electronic calculators, and other cell-driven smart devices. The emphasis of various governments on lithium-based cells as part of ‘go green’ initiatives will also be a major market driver for rechargeable coin cell batteries.
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Competitive Landscape
Vatra AG, a German-based company manufactures and sells a wide range of batteries for various applications, including micro batteries, energy storage systems, household batteries, and customer-specific battery solutions. As a leader in technology, Vatra AG also sets standards for the industry in a number of key areas. It produces rechargeable lithium-ion micro batteries, which are used in various industrial settings as well as entertainment equipment like high-end wireless headphones.
Maxell, Ltd. is a Japanese company that manufactures and sells consumer electronics. Founded in 1960, the business manufactures batteries, projectors, display equipment, electroforming devices, and other products. Maxell also produces and sells primary batteries like lithium primary batteries and button batteries, secondary batteries like industrial lithium-ion batteries and electrodes, coin type lithium secondary batteries, and consumer lithium-ion batteries.
Duracell Inc., which was formed in 1924 is one of the top producers and marketers of high-performance lithium coin batteries, alkaline batteries, rechargeable batteries, and other specialised cells. With its headquarters in the United States, Duracell supplies energy to several gadgets used all around the world, including toys, baby monitors, flashlights, and smoke alarms.
Other market players include Westinghouse Electric Corporation and Huizhou WinPow Industry Co., Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Voltage |
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| Breakup by Capacity |
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| Breakup by Chemistry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Rechargeable Coin Cell Market Analysis
8.1 Key Industry Highlights
8.2 Global Rechargeable Coin Cell Historical Market (2018-2022)
8.3 Global Rechargeable Coin Cell Market Forecast (2023-2028)
8.4 Global Rechargeable Coin Cell Market by Voltage
8.4.1 <1.2 V
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 1.2-3.0 V
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 >3 V
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Rechargeable Coin Cell Market by Capacity
8.5.1 < 100 mAh
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 100 -1000 mAh
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 > 1000 mAh
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Rechargeable Coin Cell Market by Chemistry
8.6.1 Lithium Based
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Nickel Based
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Zinc Based
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Rechargeable Coin Cell Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Vatra AG
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Maxell, Ltd.,
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Duracell Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Westinghouse Electric Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Huizhou WinPow Industry Co., Ltd
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Rechargeable Coin Cell Market: Key Industry Highlights, 2018 and 2028
2. Global Rechargeable Coin Cell Historical Market: Breakup by Voltage (USD Million), 2018-2022
3. Global Rechargeable Coin Cell Market Forecast: Breakup by Voltage (USD Million), 2023-2028
4. Global Rechargeable Coin Cell Historical Market: Breakup by Capacity (USD Million), 2018-2022
5. Global Rechargeable Coin Cell Market Forecast: Breakup by Capacity (USD Million), 2023-2028
6. Global Rechargeable Coin Cell Historical Market: Breakup by Chemistry (USD Million), 2018-2022
7. Global Rechargeable Coin Cell Market Forecast: Breakup by Chemistry (USD Million), 2023-2028
8. Global Rechargeable Coin Cell Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Rechargeable Coin Cell Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Rechargeable Coin Cell Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Rechargeable Coin Cell Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Rechargeable Coin Cell Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Rechargeable Coin Cell Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Rechargeable Coin Cell Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Rechargeable Coin Cell Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Rechargeable Coin Cell Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Rechargeable Coin Cell Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Rechargeable Coin Cell Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Rechargeable Coin Cell Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Rechargeable Coin Cell Market Structure
Key Questions Answered in the Report
In 2021, the global market for rechargeable coin cells attained a value of nearly USD 982.12 billion.
The market is projected to grow at a CAGR of 7.20% between 2023 and 2028.
The major drivers of the rechargeable coin cell market include the cost-effectiveness and conductive nature of the product, and increased adoption of items like smartwatches and pedometers and other cell-driven smart devices.
Advancements in rechargeable coin technology, encouragement for environmentally friendly products, and the rising demand for wearable IoT-based devices are the key trends propelling the growth of the market.
The major players in the industry are Vatra AG, Maxell, Ltd., Duracell Inc., Westinghouse Electric Corporation, and Huizhou WinPow Industry Co., Ltd, among others.
Batteries that are rechargeable typically have a lifespan of two to five years and can be charged numerous times. Although they are more expensive than alkaline batteries, they have a longer lifespan overall and helps in saving money.
Depending on usage and type of battery, rechargeable batteries can be reused and recharged 500–1000 times. The performance of the batteries is influenced by the battery technology.
The primary chemistry types for rechargeable coin cell batteries are lithium based, nickel based, and zinc based.
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