Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Button Cell Market by Type (LR (Alkaline), SR (Silver Oxide), CR (Lithium), Others), By Application (Traditional Watch, Smartwatch, Hearing Aid, Pocket Calculator, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Button Cell Market by Type (LR (Alkaline), SR (Silver Oxide), CR (Lithium), Others), By Application (Traditional Watch, Smartwatch, Hearing Aid, Pocket Calculator, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 155474 3300 Machinery & Equipment 377 248 Pages 4.8 (36)

Market Overview:

The global button cell market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for battery-powered devices, such as traditional watches, smartwatches, hearing aids, and pocket calculators. In addition, the growing demand for lithium-ion (Li-ion) batteries is also contributing to the growth of this market. Based on type, the global button cell market can be segmented into LR (alkaline), SR (silver oxide), CR (lithium), and others. The LR segment is expected to account for a major share of the global button cell market in 2018 owing to its low cost and high energy density. However, with technological advancements being made in Li-ion batteries every day; their adoption is increasing at a rapid pace across various applications such as traditional watches, smartwatches hearing aids etc., which is likely to result in faster growth of this segment over the forecast period. Based on application, the global button cell market can be divided into traditional watch battery replacement applications; smartwatch battery replacement applications; hearing aid battery replacement applications; pocket calculator battery replacements among others Applications such as implantable medical devices are also witnessing an increase in adoption due factors such as miniaturization and portability requirements These aforementioned factors are anticipated fuel further growth of this category duringthe forecast period .

Global Button Cell Industry Outlook

Product Definition:

A button cell, or watch battery, is a small single-use battery. Common sizes include 20 mm diameter and 7.9 mm height for a CR2032 battery. Button cells are used in devices such as calculators, watches, hearing aids, toys and other small electronics.

LR (Alkaline):

Lactic acid is a metabolic by-product formed in the body when bacteria break down foodstuffs such as milk, cheese, and fermented dairy products. The bacterial fermentation process produces lactic acid which is then used to maintain the pH levels of the body (around 6.0) and also acts as an anti-microbial agent.

SR (Silver Oxide):

SR is a special type of silver oxide used in the production of button cell batteries. It has higher energy than regular Ag (Silver Oxide) and costs more. The main reason for its use is that it can be molded into any shape and has better conductivity than Ag, hence making it ideal for battery applications.

Application Insights:

The traditional watch application segment led the market and accounted for more than 50.0% share of the global revenue in 2017. The use of button cells in wrist watches is expected to increase owing to their low price, high capacity, long battery life and small size. These batteries are used in many electronic components including quartz clocks, stopwatches and timers that require a reliable power source.

The hearing aid application segment is projected to witness significant growth over the forecast period due to increasing usage of these devices by people suffering from hearing loss or impairment caused due to noise pollution or other reasons such as aging ears or ear infections among children. In addition, growing awareness regarding better quality of life among older population groups will boost product demand over the coming years as well.

Regional Analysis:

North America is expected to be the largest market for global button cell with a revenue share of over 35% in 2017. The region has been witnessing increasing demand from end-users such as hearing aid, pocket calculator, and smartwatch. This can be attributed to growing technological advancements coupled with high disposable income of consumers in the region.

Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising product demand from end-use industries such as hearing aid and smartwatch. Increasing disposable income levels are also expected drive regional market growth during the forecast period.

Growth Factors:

  • Increasing demand for miniaturization in electronic devices
  • Development of new applications for button cells
  • Growing popularity of wearable technology
  • Proliferation of portable electronics
  • Advances in battery technology

Scope Of The Report

Report Attributes

Report Details

Report Title

Button Cell Market Research Report

By Type

LR (Alkaline), SR (Silver Oxide), CR (Lithium), Others

By Application

Traditional Watch, Smartwatch, Hearing Aid, Pocket Calculator, Others

By Companies

Sony, Maxell (Hitachi), Panasonic, Renata Batteries (Swatch Group), Varta (Rayovac), Seiko, Toshiba, Energizer, Duracell, GP Batteries, Vinnic, NANFU, TMMQ, EVE Energy, Camelion Battery

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Button Cell Market Report Segments:

The global Button Cell market is segmented on the basis of:


LR (Alkaline), SR (Silver Oxide), CR (Lithium), Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Traditional Watch, Smartwatch, Hearing Aid, Pocket Calculator, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Sony
  2. Maxell (Hitachi)
  3. Panasonic
  4. Renata Batteries (Swatch Group)
  5. Varta (Rayovac)
  6. Seiko
  7. Toshiba
  8. Energizer
  9. Duracell
  10. GP Batteries
  11. Vinnic
  12. NANFU
  13. TMMQ
  14. EVE Energy
  15. Camelion Battery

Global Button Cell Market Overview

Highlights of The Button Cell Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. LR (Alkaline)
    2. SR (Silver Oxide)
    3. CR (Lithium)
    4. Others
  1. By Application:

    1. Traditional Watch
    2. Smartwatch
    3. Hearing Aid
    4. Pocket Calculator
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Button Cell Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Button Cell Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Button cells are a type of battery. They are small, round, and have a button on one end.

Some of the major companies in the button cell market are Sony, Maxell (Hitachi), Panasonic, Renata Batteries (Swatch Group), Varta (Rayovac), Seiko, Toshiba, Energizer, Duracell, GP Batteries, Vinnic, NANFU, TMMQ, EVE Energy, Camelion Battery.

The button cell market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Button Cell Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Button Cell Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Button Cell Market - Supply Chain
   4.5. Global Button Cell Market Forecast
      4.5.1. Button Cell Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Button Cell Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Button Cell Market Absolute $ Opportunity

5. Global Button Cell Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Button Cell Market Size and Volume Forecast by Type
      5.3.1. LR (Alkaline)
      5.3.2. SR (Silver Oxide)
      5.3.3. CR (Lithium)
      5.3.4. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Button Cell Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Button Cell Market Size and Volume Forecast by Application
      6.3.1. Traditional Watch
      6.3.2. Smartwatch
      6.3.3. Hearing Aid
      6.3.4. Pocket Calculator
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Button Cell Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Button Cell Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Button Cell Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Button Cell Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Button Cell Demand Share Forecast, 2019-2026

9. North America Button Cell Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Button Cell Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Button Cell Market Size and Volume Forecast by Application
      9.4.1. Traditional Watch
      9.4.2. Smartwatch
      9.4.3. Hearing Aid
      9.4.4. Pocket Calculator
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Button Cell Market Size and Volume Forecast by Type
      9.7.1. LR (Alkaline)
      9.7.2. SR (Silver Oxide)
      9.7.3. CR (Lithium)
      9.7.4. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Button Cell Demand Share Forecast, 2019-2026

10. Latin America Button Cell Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Button Cell Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Button Cell Market Size and Volume Forecast by Application
      10.4.1. Traditional Watch
      10.4.2. Smartwatch
      10.4.3. Hearing Aid
      10.4.4. Pocket Calculator
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Button Cell Market Size and Volume Forecast by Type
      10.7.1. LR (Alkaline)
      10.7.2. SR (Silver Oxide)
      10.7.3. CR (Lithium)
      10.7.4. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Button Cell Demand Share Forecast, 2019-2026

11. Europe Button Cell Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Button Cell Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Button Cell Market Size and Volume Forecast by Application
      11.4.1. Traditional Watch
      11.4.2. Smartwatch
      11.4.3. Hearing Aid
      11.4.4. Pocket Calculator
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Button Cell Market Size and Volume Forecast by Type
      11.7.1. LR (Alkaline)
      11.7.2. SR (Silver Oxide)
      11.7.3. CR (Lithium)
      11.7.4. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Gowth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Button Cell Demand Share, 2019-2026

12. Asia Pacific Button Cell Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Button Cell Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Button Cell Market Size and Volume Forecast by Application
      12.4.1. Traditional Watch
      12.4.2. Smartwatch
      12.4.3. Hearing Aid
      12.4.4. Pocket Calculator
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Button Cell Market Size and Volume Forecast by Type
      12.7.1. LR (Alkaline)
      12.7.2. SR (Silver Oxide)
      12.7.3. CR (Lithium)
      12.7.4. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Button Cell Demand Share, 2019-2026

13. Middle East & Africa Button Cell Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Button Cell Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Button Cell Market Size and Volume Forecast by Application
      13.4.1. Traditional Watch
      13.4.2. Smartwatch
      13.4.3. Hearing Aid
      13.4.4. Pocket Calculator
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Button Cell Market Size and Volume Forecast by Type
      13.7.1. LR (Alkaline)
      13.7.2. SR (Silver Oxide)
      13.7.3. CR (Lithium)
      13.7.4. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Button Cell Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Button Cell Market: Market Share Analysis
   14.2. Button Cell Distributors and Customers
   14.3. Button Cell Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Sony Overview Financials Developments Strategic Outlook
      14.4.2. Maxell (Hitachi) Overview Financials Developments Strategic Outlook
      14.4.3. Panasonic Overview Financials Developments Strategic Outlook
      14.4.4. Renata Batteries (Swatch Group) Overview Financials Developments Strategic Outlook
      14.4.5. Varta (Rayovac) Overview Financials Developments Strategic Outlook
      14.4.6. Seiko Overview Financials Developments Strategic Outlook
      14.4.7. Toshiba Overview Financials Developments Strategic Outlook
      14.4.8. Energizer Overview Financials Developments Strategic Outlook
      14.4.9. Duracell Overview Financials Developments Strategic Outlook
      14.4.10. GP Batteries Overview Financials Developments Strategic Outlook
      14.4.11. Vinnic Overview Financials Developments Strategic Outlook
      14.4.12. NANFU Overview Financials Developments Strategic Outlook
      14.4.13. TMMQ Overview Financials Developments Strategic Outlook
      14.4.14. EVE Energy Overview Financials Developments Strategic Outlook
      14.4.15. Camelion Battery Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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