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Description
Global Pin-Type Batteries Market:
The global pin-type batteries market is expected to be valued at US$ 769.8 million in market and growing at a CAGR of 5.1 % over the forecast period by 2026. 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.
Increasing Technology Advancement
It is noticed that the global pin-type batteries market has significant growth rate on the perspective on increasing technology advancement. The number of connected wearable devices worldwide has more than doubled in the space of three years, increasing from 325.6 million in 2016 to 722 million in 2019. The number of devices is forecast to reach more than one billion by 2022. Most of the big companies working on powerful sensor technologies. These technologies enable the collection and delivery of information about their surroundings as well as tracking information related to health and fitness to the consumers which help in the significant growth of global pin-type battery market.
Asia Pacific Dominates the Market Share in the Global Pin-Type Batteries Market
Asia Pacific contributed major revenue followed by Europe and Asia Pacific. In 2019, Asia Pacific region accounted huge growth rate and is anticipated to grow with a forecast year. For instance, According to International Data Corporation (IDC), over 307 million wearable devices have been sold to date – and sales are projected to continue climbing for the foreseeable future. Asia Pacific led with the key market player. North America and Europe with technology advancement increasing in population using wearable devices which subsequently boost the global market.
Competition Assessment
Key player’s profiles in the global pin-type battery market include:
- EEMB
- PANASONIC
- CREASEFIELD LTD
- JNJ KOREA
- HIOKI E.E. CORPORATION
Key Developments:
- Market players have witnessed the strategic collaboration and acquisition to expand product portfolio and strengthen their position in the market to enhance the revenue of the company.
- 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
Global Pin-Type Battery Market Report Description:
Global pin-type battery market report gives comprehensive outlook on pin-type battery market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global pin-type battery market gives historical, current, and future market sizes on the basis of type, product, application, and region. This report studies global personal pin-type battery market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global pin-type battery market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global pin-type battery market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global pin-type battery market
Key Findings of the Report:
- Global pin-type battery market expanding at significant CAGR over 2020 to 2026 owing due to technological advancements in the battery manufacturing
- Based on region, Asia Pacific accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global market.
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Type
- Rechargeable
- Non- Rechargeable
By Product
- Lead acid
- Nickel-based
- Lithium-based system
By Application
- Wearables,
- Smart glasses
- Electric pen
- Wristband devices
- Fishing floats
- Others
By Geography
North America
- USA
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
Location
GEOGRAPHY
