Report Code: A10733 | Pages: NA | Jul 2023 | 1391 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Button Cell Market
Request Now !Button cell is a type of single cell battery that resembles the shape of a button. The diameter of these sales ranges from 5mm to 25mm. The button cell batteries are normally used to power small electronic devices such as toys, wrist watches, pocket calculators, and others. These cells are usually disposable primary cells. The anodes on these cells are generally made above zinc or lithium and the cathodes are made up of compounds such as manganese dioxide, silver oxide, carbon monofluoride, or others.
scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the growth of the global button cell market.
There has been a growth in disposable income among the consumers with the rise in urbanization around the world. This has caused a rise in buying powers after consumers that resulted in an increase in demand for consumer electronic products in the market. This rise in demand for electronic gadgets has played a major role in driving the growth of the button cell market around the world. The low production cost and the compact size of button cells also make it a popular choice for different electronic devices that are designed to be compact and smaller in size. Several major manufacturers are investing in significant sums of money to boost their production rate and thereby gain competitive advantage in the market. However, the low recyclability and the use of harmful chemicals in the cells are creating several concerns among many governments for their effects on the environment and this limits the market growth.
In terms of market share, the Asia-Pacific region accounts for the major share of the global button cell market. Because of the presence of a huge electrical and electronics sector in different nations of the region including India, China, and Japan. The market in North America and Europe is also expected to witness lucrative growth due to the rapid technological advancements and high demand for electronic gadgets in the developed nations of the region.
Key benefits of the report:
Button Cell Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Toshiba Energizer, Panasonic, TMMQ, Vinnic, NANFU, Varta (Rayovac), Seiko, GP Batteries, Sony, Maxell (Hitachi), EVE Energy, Renata Batteries (Swatch Group), Camelion Battery |
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