The global pin-type batteries market size was expected to reach USD 769.8 million and growing at a CAGR of 5.1% during the forecast period 2022-2028. There are two types of lithium-based batteries on the market: lithium-ion batteries (rechargeable) and lithium batteries (non-rechargeable). The anode in lithium batteries, usually known as primary batteries, is a pure lithium metallic element. Depending on the material types employed, a lithium battery can provide a voltage ranging from 1.5 to 3 volts. Lithium compounds, on the other hand, are utilized as an anode in lithium-ion batteries, often known as secondary batteries. These batteries have a long-life span and may be recharged multiple times. One form of rechargeable battery on the market is the pin-type lithium-ion battery. These cylindrical rechargeable batteries have the smallest size. In comparison to normal lithium-ion batteries, they are made with exceedingly fine materials and components. These pin-type lithium-ion batteries are housed in an aluminum housing and offer great reliability and quick charging. A Pintype Lithiumion battery has a diameter of 3.67 mm to 4.5 mm and weighs between 0.6 and 1.4 gram (Approx.). Small applications, also including wearable gadgets, can be powered by this type of battery. The market for pin-type lithium-ion batteries is predicted to develop in response to the rise of the wearable technology sector.

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On a global scale, the use of pin-type lithium-ion batteries, both rechargeable and non-rechargeable, is increasing. Lithium-ion pin batteries are used to power a variety of devices, including wristbands, hearing aids, google glass, fishing floats, and more. The earth and groundwater are contaminated when these batteries are disposed of. Furthermore, the electrolytes employed in these batteries are poisonous and combustible, posing a risk to the environment. As a result, the possible dangers connected with the disposing of pin-type lithium-ion batteries function as a potential limitation, and the market's global expansion is projected to be hampered.

The global pin-type batteries market segmentation:

1) By Type: Rechargeable and Non- Rechargeable.

2)  By Product: Lead acid, Nickel-based, Lithium-based system.

3) By Application: Wearables, Smart glasses, Electric pen, Wristband devices, Fishing floats, Others.

Fitness trackers, with a demand of 55%, are the most popular wearables, backed by smartwatches and other gadgets. China and India, for example, are at the forefront of new adoption of technology and battery manufacture in the Asia-Pacific region. In comparison to other countries, India and China have a high adaptation of wearable devices and technology due to their enormous populations. Furthermore, falling lithium ion battery prices have aided the use of batteries in tiny electronics. Despite the high cost of such items, falling lithium prices and government backing have supported active need for the wearable devices market in APAC.

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There are some major players working in pin-type batteries market, which include EEMB, PANASONIC, CREASEFIELD LTD, JNJ KOREA, HIOKI E.E. CORPORATION

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