Global Micro Battery Market Research Report by Component (Electrodes, Electrolytes, Substrates, Current Collectors and others), Type (Thin Film Battery, Printed Battery, Solid State Chip Battery), Product (Primary Battery and Secondary Battery), Capacity (Below 10 mAh, Between 10 mAh to 100 mAh and Above 100 mAh), Application (Consumer Electronics, Medical Devices, Smart Packaging, Smart Cards, Wearable Devices and others) and Region.
Micro Battery Market is projected to be valued at USD 636 Million by 2025, with 26.7% CAGR during the forecast period, 2019–2025. Micro batteries are high voltage and high energy density batteries, which have a wide working temperature range that makes it suitable for a wide range of general applications. Further, these batteries have large capacity and can supply current at a stable voltage, driving their adoption in medical equipment and precision instruments.
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The global micro battery market has been segmented based on component, type, product, capacity, application, and region.
By component, the global micro battery market has been segmented into electrodes, electrolytes, substrates, current collectors, and others. The electrodes segment is expected to dominate the global market as electrodes are the core components in micro-batteries and their failure directly leads to the replacement of the battery.
By type, the global micro battery market is segmented into thin-film battery, printed battery, and solid-state chip battery. The thin-film battery segment is projected to grow with the highest CAGR during the forecast period as thin-film batteries are safer in comparison to conventional batteries in the solid-state.
The global Micro Battery Market has been segmented based on product as primary battery and secondary battery. The secondary battery segment is projected to hold the largest share within the global micro battery market by 2025, as these batteries have a longer life span in comparison to primary batteries.
On the basis of capacity, the global micro battery market is segmented as below 10 mAh, between 10 mAh to 100 mAh, and above 100 mAh. The 10 mAh to 100 mAh segment is expected to grow with the highest CAGR during the forecast period, as these batteries are available in both thin film and printed battery types.
By application, the global micro battery market has been segmented into consumer electronics, wearable devices, smart cards, smart packaging, medical devices, and others. The wearable devices segment is expected to grow at the highest rate during the forecast period, due to the increasing demand for smartwatches and fitness bands, globally.
The global micro battery market has been segmented into five regions, namely Asia-Pacific, Middle East & Africa, Europe, North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
The market in Asia-Pacific is expected to hold the largest share in the global micro battery market due to rising adoption of technologically advanced products in the region, including smart cards, medical devices, and drug delivery systems. China holds the highest market contribution in the Asia-Pacific region, due to the high demand for wearable devices and consumer electronics in the country. Furthermore, the Asia-Pacific market is expected to grow at the fastest rate during the forecast period due to the growing industries.
The micro battery market in Europe is expected to be dominated by Germany owing to an increase in demand for electrical equipment in the industrial sector in the country. Further, smart packaging technologies are being adopted at a steady rate in the country, further driving the micro battery market in Germany. Additionally, Germany is expected to grow at the fastest rate during the forecast period.
The micro battery market in South America is dominated by Brazil owing to increasing demand for consumer electronics and wearable devices in the country. The increasing demand for consumer electronics and wearable devices is due to the improving economic conditions in the country. The market for micro battery in Argentina is expected to grow at the highest rate due to the high and yet increasing demand for consumer electronics in the country.
The micro battery market within the Middle East & Africa is dominated by Saudi Arabia due to growth in use and demand for wearable devices in the country. The high income among the citizens in the country is driving the demand for wearable devices in Saudi Arabia. The UAE is expected to grow at the fastest rate in the region due to the rising disposable income among citizens in the country.
The key players operating in the Global Micro Battery Market are Cymbet Corporation (US), Ultralife Corporation (US), STMicroelectronics N.V. (Switzerland), Enfucell Oy Ltd. (Finland), BrightVolt Inc. (US), Front Edge Technology, Inc. (US), ProLogium Technology Co., Ltd. (Taiwan), Panasonic Corporation (Japan), Jenax (South Korea), Samsung SDI Co., Ltd. (South Korea), Blue Spark Technologies (US), and Imprint Energy (California),.
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