The global silver oxide battery market was valued at US$ 15.55 Billion in 2017, according to Silver Oxide Battery Market Report, by Application (Toys, Medical Equipment, Electronics, and Others), published by Coherent Market Insights. The global silver oxide battery market is projected to reach US$ 15.55 Billion by 2025, exhibiting a CAGR of 3% during the forecast period.
Properties of silver oxide batteries such as high volumetric energy density and its ability for delivering energy at relatively high current drains is leading to increasing demand for silver oxide batteries especially in miniature devices thereby driving growth of the global silver oxide battery market.
Increasing demand for batteries in electronic devices such as watches, calculators, and medical equipment is propelling growth of this market. According to Coherent Market Insights’ study, market for batteries used in medical devices and equipments is projected to surpass US$ 3.5 billion by 2025 thereby, supporting growth of this market.
Advantages of silver oxide batteries as compared other energy cells is driving growth of this market. For instance, it has higher operating voltage as compared to mercury batteries, flatter discharge curve as compared to alkaline batteries, more run time, and free from flammability problems and thermal runaway as compared to lithium ion batteries.
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