Silver Oxide Battery Market Report, by Application (Toys, Medical Equipment, Electronics, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026
- Report code : CMI81942 |
- Industry :
Advanced Materials
- Published On : Jul 2018 |
- Pages : 112 Pages |
- Format :
Global Silver Oxide Battery Market - Insights
Silver oxide battery consists of silver oxide as positive electrode and zinc as negative electrode. It contains potassium hydroxide or sodium hydroxide as electrolyte. Silver oxide batteries are used widely, owing to its durability and high energy weight ratio.
It is commonly used as miniature power source. Small button silver oxide batteries are widely used in watches, calculators, toys, hearing aids, and photo electric exposure instruments. Larger batteries are used in missiles, submarines, aerospace, and underwater applications.
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.
However, high cost of silver in the silver oxide batteries is a major factor negatively affecting growth of the global silver oxide battery market.
The global silver oxide battery market was valued at US$ 15.55 Billion in 2017 and is anticipated to register a CAGR of 3% in terms of revenue, over the forecast period (2017 – 2025) to reach US$ 19.70 Billion by 2025.
Figure 1. Global Silver Oxide Battery Market Share, By Application, 2017
Source: Coherent Market Insights (2018)
North America held significant market share in the global silver oxide market in 2017. The U.S. was a major contributor to market growth in this region. This is owing to increasing focus of key players in the region on development of new products.
For instance, in March 2018, Naval Surface Warfare Center Crane Division, U.S. announced US$ 12.5 million contract to BST Systems Inc. and to EaglePicher Technologies LLC for developing rechargeable silver oxide zinc batteries of capacity 750 ampere per hour for deep submergence application on undersea vehicles by February 2023.
Increasing demand for toys is fuelling growth of the market in North America as silver oxide batteries are widely used in toys. According to the U.S. Census Bureau, annual sales of toys, games, and hobby goods in 2014 was US$ 10,623 million, which increased to US$ 12,110 million in 2015. Furthermore, according the Toy Association, which is an American trade association, toy sales in the U.S. increased by 5% in 2016 from 2015.
Silver oxide battery market is expected to grow rapidly in Asia Pacific during the forecast period (2018-2025). This is attributed to increasing demand from countries including China, Japan, South Korea, and India.
According to the Battery Association of Japan, sales of silver oxide batteries in Japan in 2016 was 778 million pieces, which increased to 786 million pieces in 2017. Furthermore, according to the Ministry of Economy, Trade and Industry, Japan, sales of silver oxide batteries in Japan was US$ 8.49 million in April 2018.
Growing electronics industry is supporting growth of silver oxide battery market in this region. According to India Brand Equity Fund (IBEF), Government of India, electronics market in India is projected to reach US$ 400 billion 2020 from US$ 100 billion in 2016.
Figure 2. Global Silver Oxide Battery Market Share, By Region, 2017
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.
Silver oxide battery is composed of zinc and silver oxide and is also called as silver-zinc battery. Silver oxide batteries have good shelf life, stable discharge voltage, and operates over a broad temperature range. It is used commonly used in calculators, film cameras, watches, medical instruments, cash registers, onboard microcomputers, measuring instruments, and sensors. Silver oxide batteries have a broad array of application in electronic devices and appliances, which is a major factor driving growth of the global silver oxide market. However, high cost of raw materials such as silver is one of the barriers to growth of the global silver oxide market.
Market Dynamics
Small silver oxide batteries are preferred in low power LCD watches, calculator displays, watches, and camera applications. Larger silver oxide batteries are preferred for military and aerospace applications, owing to its high performance such as excellent tolerance for high current load. By region, North America and Europe held significant market share in the global silver oxide battery market. Asia Pacific held a major market share of 32% in 2017. Silver oxide battery market in Asia Pacific is expected to witness rapid growth registering highest CAGR during the forecast period, owing to demand for batteries for watches, toys and other electronics. Asia generated one-half of export sales of Swiss watches in 2017 and was a major growth driver for Swiss watches according to the Federation of the Swiss Watch Industry. This in turn is driving silver oxide batteries market growth in this region as silver oxide batteries are used in analogue and digital watches.
Key features of the study:
- This report provides in-depth analysis of silver oxide battery and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2025), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global silver oxide battery market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
- Key companies covered as a part of this study 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.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
- The global silver oxide battery market report caters to various stakeholders in this industry including investors, suppliers, silver oxide battery manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the silver oxide battery market
Detailed Segmentation:
- Global Silver Oxide Battery Market, By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Global Silver Oxide Battery Market, By Geography:
- North America
- U.S.
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Canada
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Europe
- U.K.
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Germany
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Italy
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- France
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Russia
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Rest of Europe
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Asia Pacific
- China
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- India
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Japan
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- ASEAN
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Australia
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- South Korea
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Rest of Asia Pacific
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Latin America
- Brazil
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Mexico
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Rest of Latin America
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Middle East
- GCC
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Israel
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Rest of Middle East
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Africa
- Northern Africa
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Central Africa
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- South Africa
- By Application:
- Toys
- Medical Equipment
- Electronics
- Others (Defense and Aerospace, etc.)
- Company Profiles
- Panasonic Corporation*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Energizer Holdings
- Maxwell Technologies, Inc.
- Seiko Instruments Inc.
- Berkshire Hathaway Inc.
- Sony Corporation
- Toshiba Corporation
- Renata SA
- Camelion Battery
- Varta AG
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Cost Tier Down Analysis
- Global Silver Oxide Battery Market, By Application, 2018- 2025 (US$ Billion)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, 2018 - 2025
- Segment Trends
- Toys
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Billion)
- Medical Equipment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Billion)
- Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Billion)
- Others (Defense and Military)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2025, (US$ Billion)
- Global Silver Oxide Battery Market, By Region, 2018- 2025 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, For Regions, 2018 - 2025
- North America
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- U.S.
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Canada
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Europe
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- U.K.
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Germany
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Italy
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- France
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Russia
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Asia Pacific
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- China
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- India
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Japan
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- ASEAN
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Australia
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- South Korea
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Latin America
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- Brazil
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Mexico
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Middle East
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- GCC
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Israel
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Africa
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2018 - 2025
- Northern Africa
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Central Africa
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- South Africa
- Country Trends
- Market Size and Forecast, By Application, 2018- 2025 (US$ Billion)
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Panasonic Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Energizer Holdings
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Maxwell Technologies, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Seiko Instruments Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Berkshire Hathaway Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Sony Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Toshiba Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Renata SA
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Camelion Battery
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Varta AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
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