SILVER OXIDE BATTERY MARKET ANALYSIS
Global silver oxide battery market was valued at US$ 18.3 Billion in 2022, exhibiting a CAGR of 4.34% during the forecast period (2023 to 2030).
Global Silver Oxide Battery Market- Trends
Silver oxide battery benefits include flatter curve of discharge battery, increased operating voltage, shock resistant, resistance to vibration, availability of various size and voltages, and this are the key driving factors for development of the global silver oxide battery market. Increasing popularity of electronic wearables is expected to boost development of the silver oxide battery market.
Small button silver oxide battery has application in digital and analog watches, calculators, toys, and portable electronics, and this is propelling growth of the global silver oxide battery market. Furthermore, large customized silver oxide batteries are used in aerospace applications and military applications such as missiles, submarines, and torpedoes, and this is also expected to support growth of the silver oxide battery market.
Figure 2. Global Silver Oxide Battery Market Value Share (%), By Application, 2022
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