Button batteries is a small single cell battery shaped as a squat cylinder. Button batteries are used to power small, portable electronic devices like the keyless entry remote car, laser pointers, pocket calculators, implantable cardiac defibrillators. Also increasing healthcare equipment also using the button batterie slike in hearing aid using button batteries. These batteries have some features such as a low self-discharge, consistent and reliable, etc boosting the demand of the button batteries in the market.This growth is primarily driven by Increasing Adoption of Small and Portable Electronics Devices, Increasing Adoption of Eco-friendly and Low Maintenance Batteries and Growth in Kids Toys Industry.
Globally, a noticeable market trend is evident Batteries are Used in Hearing Aids. Major Manufacturers, such as Panasonic Corporation (Japan), Sony Corporation (Japan), Renata AG SA, (Switzerland), GPI International Limited (China), Toshiba Corporation (Japan), Maxell Holdings, Ltd. (Japan), Energizer Holdings, Inc. (United States), Fujian Nanping Nanfu Battery, Co., Ltd (China), Duracell Inc. (Switzerland), PKCELL (China), SolarEdge Technologies, Inc. (Israel) and Camelion Battery (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2018, SolarEdge Technologies, Inc. a global leader in smart energy technology, announced that it has entered into definitive agreements to acquire a major stake in Kokam Co., Ltd. Headquartered in South Korea, Kokam is a provider of Lithium-ion battery cells, batteries and energy storage solutions.
- Increasing Adoption of Small and Portable Electronics Devices
- Increasing Adoption of Eco-friendly and Low Maintenance Batteries
- Growth in Kids Toys Industry
- Batteries are Used in Hearing Aids
- Availability of Substitutes in the Market
Rising Demand in Household Item in Developing Countries and Growth in Automobile Industry in Emerging Countries
Short Shelf Life of the Button Battery
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