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Electronic devices have become an integral part of human beings in every aspect of daily life. Electronic devices require power sources for smooth operations. Ideal power sources must have high flexibility with regards to thickness, geometrical shape, voltage, capacity, and weight. Coin cell fulfills the criteria of flexibility. Non-rechargeable coin cell poses severe challenges for safe disposal.
A coin cell or button cell is a single small battery shaped as a squat cylinder. Rechargeable coin cell is of lower capacity than disposable coin cells. Rechargeable coin cell requires charging infrastructure connected to the device for recharging. Rechargeable coin cells are used in wearable IoT devices, smartwatches, hearing aids, glucometers, LED flashlights, calculator, thermometers, Bluetooth based devices, etc.
On the basis of battery chemistry, the rechargeable coin cell market can be segmented into lithium-based, nickel-based, zinc-based, etc. Lithium-based rechargeable coin cell includes Lithium Manganese Dioxide (LiMnO2), Lithium Manganese Silicon (LiMnSi), Lithium Nickel Cobalt Dioxide (LiNiCoO), Lithium Vanadium Pentoxide (LiV2O5), etc. Nickel-based rechargeable coin battery mainly includes nickel hydride chemistry. Based on voltage, recharge coin cell market is divided in < 1.2 V, 1.2 – 3.0 V and < 3 V. On the basis of capacity, rechargeable coin cell market is segmented in < 100 mAh, 100 – 1000 mAh and > 1000 mAh.
The major market driver for the global rechargeable coin cell market is the increasing demand for wearable IOT-based devices. Wearable IOT-based devices include smartwatches, fitness trackers, medical devices, etc. Wearable IoT-based devices which are a combination of electronics, software, sensors, and connectivity that enable objects to exchange data through the internet with other connected devices without requiring human intervention. Demand for such devices is bound to increase on account of a shift towards miniaturization of electronic devices.
The key restraint for the global rechargeable coin cell market is the lack of awareness regarding the availability of rechargeable variants of coin cells. Several electronic devices do not have the recharging facility for the coin cells.
Some of the major companies that are present in the rechargeable coin cell market are VARTA Microbattery GmbH, Panasonic, Renata, Seiko Instruments, Tadiran Batteries, Cornell Dubilier, Guanzhou Markyn Battery CO., Ltd, Guangzhou Dichen New Energy Co.,Ltd, Contemporary Amperex Technology Ltd, Hebei Dingguan Metal Materials Co.Ltd, Huizhou WinPow Industry Co.,Ltd, Illinois Capacitor, ZPower, LLC, Maxell, Ltd., Westinghouse Electric Corporation, and Duracell Inc.
The global rechargeable coin cell market has now been spread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. China is the dominant player for rechargeable coin cell in the Asia Pacific region and also in the world. China has a robust infrastructure for coin cell manufacturing. Increasing purchasing power in China has resulted in the growth of electronic devices in China. Research, development and demonstration activities on rechargeable coin cell have been going on in Japan, USA, Australia, and Europe. Developed countries like USA, Germany, Japan, UK, etc. are going to be the largest consumer base for wearable IOT-based devices.
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