Global Rechargeable Coin Cell Market Report and Forecast 2024-2032

Global Rechargeable Coin Cell Market Outlook

The global rechargeable coin cell market size reached a value of USD 1,128.64 billion in 2023. During the forecast period of between 2024 and 2032, 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