Request Sample Inquiry
Micro Battery Market

Micro Battery Market

Micro Battery Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

160

Base Year:

2021

Date

Feb - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1308

Segments Covered
  • By Type Button Battery, Thin-film Battery, Printed Battery, Solid-state Chip Battery
  • By Rechargeability Primary Batteries, Secondary Batteries
  • By Capacity Below 10 mAh, Between 10 mAh & 100 mAh, Above 100 mAh
  • By Application Consumer Electronics, Medical Devices, Smart Packaging, Smart Cards, Wireless Sensor Nodes, Others
  • By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 321 million
Revenue 2028Revenue 2028: USD 1084.76 million
Revenue CAGRRevenue CAGR (2022 - 2028): 19%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Micro Battery Market Share

Micro Battery Market: By Type, Technology, Application, Capacity, Rechargeability, and Region

Market Synopsis:

The global Micro Battery market was estimated to be valued at USD 321 million in 2021 and is projected to attain a value of USD 1084.76 million by 2028 at a CAGR of around 19% over the forecast period, 2022–2028.

Micro Battery Market Size, 2021 To 2028 (USD million)

Micro batteries range in size from 5 mm to 11.5 mm in diameter, but they generally have a flat shape, with the exception of some cylindrical models. They are used in many toys and devices where a regular battery is too big or does not fit. A good example would be remote-controlled cars which use these especially small batteries. Another famous toy that uses these is a mini-Lego car which runs on a single Micro Battery. In addition to small devices, micro batteries are also used in larger ones as well. These types of batteries power the Nintendo DS and Sony PSP handheld consoles. They can provide power to run applications on both systems for 30+ hours before needing a recharge. Micro batteries are often used in watches and hearing aids as well.

Parameter Details
Segments Covered
  • Type (Button Battery, Thin-film Battery, Printed Battery, Solid-state Chip Battery)
  • Rechargeability (Primary Batteries, Secondary Batteries)
  • Capacity (Below 10 mAh, Between 10 mAh & 100 mAh, Above 100 mAh)
  • Application (Consumer Electronics, Medical Devices, Smart Packaging, Smart Cards, Wireless Sensor Nodes, Others)
  • Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Cymbet Corporation (US); Blue Spark Technologies (US)
  • Front Edge Technology Inc. (US)
  • Enfucell Oy (Finland)
  • Panasonic Corporation (Japan)
  • Molex (US)
  • TDK Corporation (Japan)
  • Shenzhen Grepow Battery Co. Ltd. (China)
  • VARTA AG (Germany)
  • Ultralife Corporation (US)
  • Seiko Instruments (Japan)
  • Murata Manufacturing Co. Ltd. (Japan)
  • Renata SA (Switzerland)
  • Maxell Holdings Ltd. (Japan)
  • and Duracell Inc. (US).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Rapidly Growing Demand for IoT Devices to Drive Growth of Micro Battery Market

The rapid growth in the demand for Internet of Things (IoT) devices is one of the prime factors driving the global Micro Battery market. The new applications are developing with an aim to fulfill various requirements of industries, which is further expected to create significant opportunities for the market players during the forecast period. For instance, recently Moxia Technology, a Taiwan-based provider of wireless modules, launched different battery packs for IoT devices. These battery packs are integrated with Bluetooth service and offer mobile device compatibility, which is expected to provide significant growth opportunities for the Micro Battery market in the near future. The other factors driving the growth of this market include rise in number of smart wearable electronics products, increased penetration of smartphones and smart devices, and applications in IoT.

However, the limited shelf life is a major factor restraining the growth of Micro Battery market. The other factors restraining the growth in this market include high cost associated with wireless charging system and low capacity for storage or power generation. Some of the devices using micro batteries are wearable devices such as wristwatch, smart watches, fitness band, smart glasses, and head-mounted displays. A new trend gaining momentum in the market is the wireless charging technology.

Market Segmentation:

Global Micro Battery market is segmented by type (thin-film, printed, solid-state chip, button battery), by capacity, by rechargeability, by application (medical devices, consumer electronics, smart packaging), and region.

Below tree is interactive. You can click the nodes to get more information.

By Application, Consumer Electronics to Hold Largest Share of Micro Battery Market

Micro Battery is commonly used in general electronics products to provide power for short time periods(milliseconds) with discharge current range from 1-10A, its core usage is in watches, small toys, GPS navigator, digital camera, in-car audio system and other portable electronic devices. Today, they have become a distinguishing feature of hand-held gadgets. There is no way to make gadget even smaller without having a battery at the same time. After all, these devices are designed to make their presence known in pockets.

By Type, Solid State Batteries to Remain the Fastest Growing Segment in Micro Battery Market

Solid state batteries are viewed as one of the most promising technologies for future energy storage devices. Estimates suggest that by 2025, less than 15% of all storage capacity will be based on flammable liquids or compressed gases. The remaining units will either be pumped hydro (20-25%) or solid-state batteries (more than 65%). This is the market share expected for this new technology in less than ten years, and most industry experts agree that solid state batteries will eventually replace lithium-ion (LIB) as well.

The key factor driving demand for solid state batteries is their ability to store much more power in a smaller volume. This means that future gadgets will have particularly compact designs, while large amounts of stored energy could be fitted into small spaces.

Asia Pacific Micro Battery Market to Witness Fastest Growth

Asia-Pacific is projected to be the largest market for thin film, printed, solid state chip and button battery during the forecast period. The developing countries of this region are rapidly growing with an increase in disposable incomes and higher consumer spending on technologically advanced products which is driving the demand for new applications across various industry verticals. Many electronic appliances manufacturers and consumer product companies are focusing on enhancing their business and customer base in this region through appropriate marketing and distribution strategies.

These factors are expected to drive the market growth for thin-film, printed, solid state chip, and button battery during forecast period. The regional growth is further supported by the presence of a large number of players and investments by foreign companies for manufacturing new types of batteries. However, the stringent policies and regulations regarding various environmental concerns such as recycling and disposal are expected to restrain the market growth during forecast period.

Key Players:

Cymbet Corporation (US); Blue Spark Technologies (US), Front Edge Technology, Inc. (US), Enfucell Oy (Finland), Panasonic Corporation (Japan), Molex (US), TDK Corporation (Japan), Shenzhen Grepow Battery Co. Ltd. (China), VARTA AG (Germany), Ultralife Corporation (US), Seiko Instruments (Japan), Murata Manufacturing Co., Ltd. (Japan), Renata SA (Switzerland), Maxell Holdings Ltd. (Japan), and Duracell Inc. (US).

Market Segmentation

By Type:

  • Button Battery
  • Thin-film Battery
  • Printed Battery
  • Solid-state Chip Battery

By Rechargeability:

  • Primary Batteries
  • Secondary Batteries

By Capacity

  • Below 10 mAh
  • Between 10 mAh & 100 mAh
  • Above 100 mAh

By Application

  • Consumer Electronics
  • Medical Devices
  • Smart Packaging
  • Smart Cards
  • Wireless Sensor Nodes
  • Others

By Region (Revenue: USD Million, 2016 - 2028)

• North America

o U.S.

o Canada

o Mexico

• Europe

o U.K

o France

o Germany

o Italy

o Spain

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o South East Asia

o Rest of Asia Pacific

• Latin America

o Brazil

o Argentina

o Rest of Latin America

• Middle East & Africa

o GCC Countries

o South Africa

o Rest of Middle East & Africa

FAQ
Frequently Asked Question
  • The global Micro Battery valued at USD 321 million in 2020 and is expected to reach USD 1084.76 million in 2028 growing at a CAGR of 19%.

  • The prominent players in the market are Cymbet Corporation (US); Blue Spark Technologies (US), Front Edge Technology, Inc. (US), Enfucell Oy (Finland), Panasonic Corporation (Japan), Molex (US), TDK Corporation (Japan), Shenzhen Grepow Battery Co. Ltd. (China), VARTA AG (Germany), Ultralife Corporation (US), Seiko Instruments (Japan), Murata Manufacturing Co., Ltd. (Japan), Renata SA (Switzerland), Maxell Holdings Ltd. (Japan), and Duracell Inc. (US)..

  • The market is project to grow at a CAGR of 19% between 2021 and 2028.

  • The driving factors of the Micro Battery include

    • Rapidly Growing Demand for IoT Devices

  • Asia Pacific was the leading regional segment of the Micro Battery in 2020.