Pin-Type Batteries Market size is expected to reach USD 769.8 million by 2028 and growing at a CAGR of 5.1% during the forecast period 2022-2028. It has been estimated with a significant growth with the help of key drivers which include in powering various wearables such as smartwatches, hearing aids, smart glasses, fishing floats, and others. There are restrains which may hamper the growth of global pin-type batteries market, disposal of these batteries contaminates the soil and groundwater, electrolytes used in these batteries are considered to be toxic and inflammable causing harm to the environment. Delivery of information about their surroundings, tracking information related to health and fitness to the consumers open up opportunity for global market.
In March 2020, Panasonic Industrial Devices Sales Co. of America recently announced a new addition to its line of lithium-ion pin cells CG420A lithium-ion pin batteries for the wearables market