Published by Coherent Market Insights
Posted on September 24, 2021
According to a Coherent Market Insights’ study, global hearing aids market was valued at US$ 7,584.8 million in 2016 and is expected to witness a robust CAGR of 4.6% between 2017 and 2025. This significant growth in the hearing aids market is propelling growth of the global silver oxide battery market.
Silver oxide battery consists of silver oxide as positive electrode and zinc as negative electrode. It contains potassium hydroxide or sodium hydroxide as electrolyte. Silver oxide batteries are used widely, owing to its durability and high energy weight ratio.
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It is commonly used as miniature power source. Small button silver oxide batteries are widely used in watches, calculators, toys, hearing aids, and photo electric exposure instruments. Larger batteries are used in missiles, submarines, aerospace, and underwater applications.
Advantages of silver oxide batteries such as high capacity, low shelf discharge, and long shelf-life is a major factor driving growth of the global silver oxide battery market.
Growing adoption of electronic wearables is fuelling growth of the global silver oxide battery market. According to Consumer Technology Association, health, fitness, and sports technology including fitness activity trackers, hearables hearing devices, smartwatches, and others is estimated to reach sales of 49.3 million units in 2018, an increase by 4% in from 2017 in the U.S.
Silver oxide battery is composed of zinc and silver oxide and is also called as silver-zinc battery. Silver oxide batteries have good shelf life, stable discharge voltage, and operates over a broad temperature range. It is used commonly used in calculators, film cameras, watches, medical instruments, cash registers, onboard microcomputers, measuring instruments, and sensors. Silver oxide batteries have a broad array of application in electronic devices and appliances, which is a major factor driving growth of the global silver oxide market. However, high cost of raw materials such as silver is one of the barriers to growth of the global silver oxide market.
Market Dynamics
Small silver oxide batteries are preferred in low power LCD watches, calculator displays, watches, and camera applications. Larger silver oxide batteries are preferred for military and aerospace applications, owing to its high performance such as excellent tolerance for high current load. By region, North America and Europe held significant market share in the global silver oxide battery market. Asia Pacific held a major market share of 32% in 2017. Silver oxide battery market in Asia Pacific is expected to witness rapid growth registering highest CAGR during the forecast period, owing to demand for batteries for watches, toys and other electronics. Asia generated one-half of export sales of Swiss watches in 2017 and was a major growth driver for Swiss watches according to the Federation of the Swiss Watch Industry. This in turn is driving silver oxide batteries market growth in this region as silver oxide batteries are used in analogue and digital watches.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/1942
Key features of the study:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Silver Oxide Battery Market – Know, What Are The Trends That Could Be A Major Factor In The Industry Growth appeared first on Gatorledger.
According to a Coherent Market Insights’ study, global hearing aids market was valued at US$ 7,584.8 million in 2016 and is expected to witness a robust CAGR of 4.6% between 2017 and 2025. This significant growth in the hearing aids market is propelling growth of the global silver oxide battery market.
Silver oxide battery consists of silver oxide as positive electrode and zinc as negative electrode. It contains potassium hydroxide or sodium hydroxide as electrolyte. Silver oxide batteries are used widely, owing to its durability and high energy weight ratio.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/1942
It is commonly used as miniature power source. Small button silver oxide batteries are widely used in watches, calculators, toys, hearing aids, and photo electric exposure instruments. Larger batteries are used in missiles, submarines, aerospace, and underwater applications.
Advantages of silver oxide batteries such as high capacity, low shelf discharge, and long shelf-life is a major factor driving growth of the global silver oxide battery market.
Growing adoption of electronic wearables is fuelling growth of the global silver oxide battery market. According to Consumer Technology Association, health, fitness, and sports technology including fitness activity trackers, hearables hearing devices, smartwatches, and others is estimated to reach sales of 49.3 million units in 2018, an increase by 4% in from 2017 in the U.S.
Silver oxide battery is composed of zinc and silver oxide and is also called as silver-zinc battery. Silver oxide batteries have good shelf life, stable discharge voltage, and operates over a broad temperature range. It is used commonly used in calculators, film cameras, watches, medical instruments, cash registers, onboard microcomputers, measuring instruments, and sensors. Silver oxide batteries have a broad array of application in electronic devices and appliances, which is a major factor driving growth of the global silver oxide market. However, high cost of raw materials such as silver is one of the barriers to growth of the global silver oxide market.
Market Dynamics
Small silver oxide batteries are preferred in low power LCD watches, calculator displays, watches, and camera applications. Larger silver oxide batteries are preferred for military and aerospace applications, owing to its high performance such as excellent tolerance for high current load. By region, North America and Europe held significant market share in the global silver oxide battery market. Asia Pacific held a major market share of 32% in 2017. Silver oxide battery market in Asia Pacific is expected to witness rapid growth registering highest CAGR during the forecast period, owing to demand for batteries for watches, toys and other electronics. Asia generated one-half of export sales of Swiss watches in 2017 and was a major growth driver for Swiss watches according to the Federation of the Swiss Watch Industry. This in turn is driving silver oxide batteries market growth in this region as silver oxide batteries are used in analogue and digital watches.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/1942
Key features of the study:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Silver Oxide Battery Market – Know, What Are The Trends That Could Be A Major Factor In The Industry Growth appeared first on Gatorledger.
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