The global silver-based battery market is anticipated to grow at a significant CAGR of 3.2% during the forecast period. There are different types of silver-based batteries which include silver oxide, silver-zinc, and silver aluminum batteries. Silver oxide batteries are small-sized batteries that have high capacity and stable discharge characteristics. Silver oxide batteries are used in medical devices, IoT-based devices, electronic devices such as pagers, cameras, hearing aids, photographic equipment, electric watches, and precision instruments. Silver zinc batteries provide stable operating voltage and are used in a demanding environment that is associated with missile and space launch vehicle applications. In addition, silver aluminum batteries are used in underwater applications, torpedoes (HWT), lightweight torpedoes (LWT), and high power and high energy applications.
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The factor responsible for the growth of the silver-based market is the increasing use of silver-based batteries in industrial appliances and electronics. For instance, silver-zinc batteries are used on launch vehicles for the aerospace industry as silver-zinc batteries have a long life and offer flexible configurations and meet various packaging requirements. It powers multiple systems on launch vehicles. Another factor contributing to the demand for the silver-zinc battery is its advantage over other batteries as silver-zinc batteries have high energy-to-weight and volume ratios and extremely high reliability due to which they are desirable for applications such as in the aerospace industry.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Silver-Based Battery Market by End User
- Automotive Applications
- Consumer Electronics
- Industrial Applications
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Crosman Corp. ( lasermax)
- Duracell Inc.
- Eagle Picher Tech, LLC
- Kodak Company.
- Energizer Holdings, Inc.
- GPB International Ltd.
- HBL Power Systems Ltd.
- High Energy Batteries (India) Ltd.
- Jhih Hong Technology Co., Ltd.
- Toshiba Corporation
- Maxell Holdings, Ltd
- Mercury Refining, LLC
- Murata Manufacturing Co., Ltd.
- Panasonic Corp.
- Renata SA
- Seiko Instruments Inc.
- Sony Corp.
- VARTA Microbattery GmbH
- ZPOWER, LLC
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global silver-based battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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