- Button cell is a compact single cell shaped like a small button on a garment. It comes in size of 5mm to 25mm (diameter). These are used to power small electronic devices such as toy remotes, wrist watches, laser pointers, and pocket calculators. The cells have low self-voltage so they can hold charge for a long time. Button cells are very useful in products that need long, continuous service. The button cell market is expected to witness huge growth during the forecast period.
Key Drivers and Opportunities of the Global Button Cell Market
- Rising purchasing power of consumers is fueling the demand for consumer electronic products across the globe. This factor is encouraging the demand for button cells as it is an essential component in most electronic devices. Also, technological advancements such as phasing out use of mercury in button cells is also likely to influence the market growth during the forecast period.
- Production cost of button cells is very low which is expected to encourage local vendors to enter the button cell market. This may increase the competition in the market which can affect the price of the product. Key vendors are increasing investment in product innovation and business expansion to minimize the effect of increasing number of local players in the business. These factors are further expected to drive the market for button cells during the forecast period.
- However, button cells are hazardous for small children. The size of a button cell is very small and is easy for small children to swallow it, which can cause fatalities. Also, some manufacturers use cadmium and mercury in cell production which are harmful to health. These factors may hamper the button cell market.
- Many governments have banned the use of mercury in products which may encourage vendors to find alternative material for the cells and innovate the products. Furthermore, growing demand for electronic products in developing countries is anticipated to encourage the demand for button cells during the forecast period.
Asia Pacific to Hold Major Share of the Global Button Cell Market
- In terms of region, the button cell market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific is expected to hold major share of the global button cell market during the forecast period. It is so because Asia Pacific has huge presence of electrical and electronics companies in many of the developing countries in the region. Furthermore, the rising disposable income has further positively raised the demand for electronic goods and in turn button cells.
Key Players Operating in the Global Button Cell Market
- Camelion Batteries GmbH
- Duracell Inc.
- Eve Energy Co., Ltd.
- Maxell Holdings, Ltd.
- Panasonic Corporation
- Renata SA
- Seiko Watch Corporation
- Sony Corporation
- Toshiba Corporation
- Varta AG
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