The global silver oxide battery market revenue is expected to register a moderate CAGR over the forecast period. Various advantages of silver oxide battery including low shelf discharge, long shelf-life as compared with other energy cells is expected to drive growth of the global silver oxide battery market over the forecast period. Increasing demand for silver oxide battery in various end use applications such as military use, in electronic and medical devices is other factor expected to boost growth of the market.
The global silver oxide battery market report has been segmented on the basis of application, and region.
On the basis of application, the global silver oxide battery market is segmented based on toys, electronics, medical equipment, and others (defense and aerospace). The electronics segment contributes major revenue share of the market and is expected to maintain its dominance over the forecast period, owing to the growing demand for silver oxide battery in electronics industry coupled with growing demand for electronic products across the globe.
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On the basis of region, the global market is segmented based on North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major market share and is expected to maintain its dominance over the forecast period. High adoption of advanced technologies coupled with increasing focus of manufacturers to develop new and novel products that can be used in emerging application is expected to drive the growth of the market in North America over the forecast period.
Asia Pacific is expected to witness rapid growth rate over the forecast period. Countries like China and India, and Japan is expected to support the growth of the market in Asia Pacific region, owing to the growing demand for medical devices along with increasing number of manufacturers for various applications in the region.
Some prominent players in the global silver oxide battery market are Panasonic Corporation, Energizer Holdings, Maxwell Technologies, Inc., Seiko Instruments Inc., Sony Corporation, Toshiba Corporation, Renata SA, Camelion Battery, and Varta AG.