Silver Oxide Battery Market: Snapshot
Silver oxide battery comprises of silver oxide as positive terminal and zinc as negative terminal. It contains potassium hydroxide or sodium hydroxide as electrolyte. Silver oxide batteries are utilized broadly, inferable from its high energy weight proportion and durability.
It is usually utilized as scaled down power source. Button silver oxide batteries are generally utilized in calculators, watches, toys, photo electric exposure gadgets, hearing aids. Bigger batteries are utilized in submarines, rockets, aviation, and underwater applications. Uses of button silver oxide batteries in computerized and simple watches are fueling demand for silver oxide battery in the global market.
Based on application, the global silver oxide battery market is divided on the basis of gadgets, toys, medical devices, and so on. (aviation and defense). The segment of electronics contributes significant income share of the market and is likely to keep up its predominance in the span of coming years as well. This is credited to the surging demand for silver oxide battery in gadgets industry combined with rising demand for electronic products across the globe.
Silver Oxide Battery Market: Trends and Opportunities
Benefits of silver oxide batteries, for example, flatter curve of discharge, increased operating voltage, shock, resistance to vibration, availability of various size and voltages, and acceleration are among the significant driving factors for development of the global silver oxide battery market. Developing popularity of electronic wearables is boosting development of the silver oxide battery market.
Nonetheless, increasing expense of silver in the silver oxide batteries is a main consideration adversely influencing development of the worldwide silver oxide battery market.
Besides, substantial altered silver oxide batteries are utilized in aviation applications and military applications, for example, submarines, rockets, and torpedoes are additionally anticipated to bolster development of the silver oxide battery market.
Silver Oxide Battery Market: Regional Outlook
Global silver oxide battery market divided into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. North America contributes significant market share and is estimated to keep up its strength within the forecast period from 2018 to 2026. High adoption of trend setting innovations combined with expanding focus of makers to grow new and novel items that can be utilized in developing application is foreseen to contribute in the development of the market in North America in the forthcoming years.
Asia Pacific is anticipated to observe fast development rate in the forthcoming years. Nations such as India and China, and Japan is likely to help the development of the market in region of Asia Pacific, inferable from the developing demand for therapeutic gadgets alongside rise in number of producers for different applications in the region. Developing manufacturing sector industry is supporting development of silver oxide battery market in this region.
In 2017, North America held huge market share in the global silver oxide market. The U.S. was a noteworthy supporter of market development in this area. This is attributable to rising concentration of key players in the region on advancement of new products. Surging demand for toys is supporting the development of the market in North America as silver oxide batteries are generally utilized in toys.
Silver Oxide Battery Market: Competitive Landscape
Key players operating in the global silver oxide battery market includes Panasonic Corporation, Energizer Holdings, Maxwell Technologies, Inc., Seiko Instruments Inc., Berkshire Hathaway Inc., Sony Corporation, Toshiba Corporation, Renata SA, Camelion Battery, and Varta AG.
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