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.
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 – 2022-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Silver-Based Battery Market Segmentation
By End User
- Automotive Applications
- Consumer Electronics
- Industrial Applications
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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
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