What is Watch Battery Market Scope?
The watch batteries are also known as button cells which is small single cell battery inserted in smartwatches, traditional watches. The battery is in cylindrical shape generally 5 to 25 mm in diameter and 1 to 6 mm high. The insulated top cap is the negative terminal on a battery watch which is used to power small portable electronic devices like hearing aids, pocket calculators, and wristwatches. The batteries vary according to the watches requiring special recalibration for advanced features.
Watch Battery Market Dynamics:
- Rising Demand for Watches for in Residential Applications
- Need for Powering the Watches for Proper Working of Watches
- Surging Consumption of Smartwatches Batteries as the Demand for Smartwatches is Rising
- Environmental Regulatory Guidelines & Standards Associated with the Watch Battery
|Road Blocks / Challenges|
- Availability of Cheap Quality Watch Battery Hindering the Watch Battery Market
|Gaps & Opportunities|
- Emerging Online Availability of Watch Battery in Different Power Range
- Surging Demand for Watch Battery from Developing Regions
The Watch Battery market study is being classified by Type (LR (Alkaline), SR (Silver Oxide), CR (Lithium) and Others), by Application and major geographies with country level break-up.
Key players of smartwatch batteries are focusing on new product launches and new innovations to improve their products and services along with focusing on increasing their client base to strengthen market position and enhance product & service offerings.
Sony (Japan), Maxell, Ltd (Japan), Panasonic Corporation (Japan), Renata AG SA (Switzerland), VARTA AG (Germany), Seiko Watch Corporation (Japan), Toshiba Corporation (Japan), Energizer (United States), Duracell (United States), Eve Energy Co., Ltd. (China) and Camelion Battery Co., Ltd. (India) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Watch Battery market by Type, Application and Region.
On the basis of geography, the market of Watch Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In June 2022- NORQAIN, a fully independent Swiss watch brand, announced an exclusive retail partnership with ETHOS Ltd. NORQAIN debuts exclusively in India through Ethos Watch Boutiques, joining Ethos' portfolio of exclusive brands. All popular NORQAIN collections are now available in-store and online.
In February 2021, Enovix Corp had agreed to go public through a merger with blank-check firm Rodgers Silicon Valley Acquisition Corp in a deal that values the lithium-ion battery maker at US Dollar 1.13 billion, including debt. The deal is expected to deliver net proceeds of US Dollar 385 million to Enovix, including a private investment of US Dollar 175 million from undisclosed institutional investors. Fremont, California-based Enovix is building its first factory to produce lithium-ion batteries for small devices, such as smartwatches. It is also working on 3D cell technology and batteries for electric vehicles.
The Australian Competition and Consumer Commission (ACCC) has modified the safety standards for lithium coin cell and button cell batteries, which are commonly used in watches. These new laws go into effect on June 22nd and are intended to reduce the risk of battery ingestion, particularly by children. The standards are set to be implemented in December 2020, with an 18-month transition period to allow businesses to prepare.
Key Target Audience
Watch Battery Manufacturers, Watch Battery International Traders, Watch Battery Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Watch Battery Market Study: Important Years
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