The global silver-based battery market is anticipated to grow at a considerable CAGR of 3.2% during the forecast period. The factor contributing to the demand for the silver-based battery is its advantages over other batteries as silver-based batteries are of high energy density and more reliable as compared to other batteries therefore they are used in calculators, watches, medical equipment, electronic games, measurement equipment, car radios, digital clinical thermometer, and other electronic devices.
Browse the full report description “Global Silver Based Battery Market Size; Share & Trends Analysis Report by End User (Automotive Applications, Consumer Electronics, and Industrial Applications) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/silver-based-battery-market
Furthermore, the people moving towards digitalization for their regular needs such as using smartwatches, IoT-enabled devices, and censored devices are driving the market. For instance, according to India Brand Equity Fund (IBEF), the Government of India, the market share of consumer electronics held the highest in India which was 29.7% in the total production of electronic goods. In addition, the use of silver-based batteries in electronic vehicles is also driving the global silver-based battery market during the forecast period.
Additionally, the use of silver-zinc batteries in launching missiles and space flights is also a factor contributing to the growth of the silver-based battery market. The silver-zinc batteries are used in these applications as they have high energy-to-weight and volume ratios and high reliability. EaglePicher supports government commercial launch vehicles and also launched main and pyro batteries for the Atlas V Evolved Expendable Launch Vehicle and the Flight Termination System. The batteries used in these vehicle was silver-zinc batteries for high power and energy density, and ruggedized to handle the harshest environmental condition including the vibration environment of a launch vehicle. The main and pyro batteries for the Atlas V Evolved Expendable Launch Vehicle and the Flight Termination System batteries for both Atlas V and Delta II/IV are silver-zinc batteries designed by EaglePicher for high power and energy density, and ruggedized to endure the vibration environments of a launch vehicle.
Apart from this, in January 2019, Energizer Holdings purchased the global battery and portable lighting business from Spectrum Brands adding Rayovac and VARTA to the growing portfolio of Energizer Holdings. The purchasing strategy provided the international market presence, an increase in capacity for research and development, and the opportunity to broaden the product portfolio with manufacturing facilities. The VARTA and Rayovac brands have a global footprint and diversified products including batteries, battery chargers, and portable lightning products which complimented the Energizer holdings product portfolio and enhanced its ability to compete in the category.
Market Coverage
Segment Covered-
Regions Covered-
Competitive Landscape- Duracell Inc., Crosman Corporation ( laser max), GPB International Ltd., HBL Power Systems Ltd., Toshiba Corporation, Eagle Picher Tech, LLC, Energizer Holdings, Inc., Maxell, Ltd, Panasonic Corp., Sony Corp., and ZPOWER, LLC. among others.
Key questions addressed by the report
oDeviation from the pre-COVID-19 forecast
oMost affected region and segment
Global Silver Based Battery Market Report Segment
By End-User
Global Silver Based Battery Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
To learn more about this report request a free sample copy @ https://www.omrglobal.com/industry-reports/silver-based-battery-market