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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Micro Battery Market Key Insights
The global market for micro battery is projected to rise up to USD 6590.51 million by 2032, growing at a CAGR of 34.1% between 2024 and 2032.
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Growth in this industry will be driven by the increased use of wearable instruments, the rising need for compact batteries in medical devices, and the rising demand for small and versatile batteries in IoT systems. These batteries are light in weight, compact, and flexible. They are 1 to 6 mm in height and 5 to 25 mm in diameter.
Market Segmentation
The micro battery industry can be divided on the basis of segments like type, rechargeability, application, components, and capacity.
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Micro batteries find their application in sectors like:
- Consumer Electronics
- Medical Devices
- Smart Packaging
- Wearable Devices
- Smart Cards
- Wireless Sensor Nodes
- Others
Thin film battery, printed battery, and solid state chip battery are the major types of micro batteries. The battery can be classified on the basis of its rechargeability as primary battery and secondary battery. On the basis of its components, it can be divided into electrodes, electrolytes, substrates, current collectors, and others. Based on its capacity, it can be categorised as below 10 mah, between 10 mah to 100 mah, and above 100 mah.
The EMR report looks into the regional markets of micro battery like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The micro battery industry owes its growth to factors like inherent advantages of micro batteries, growth in the adoption of wearable devices, need for compact batteries in medical devices, and the demand for thin and flexible batteries in IoT devices. The limitations of micro batteries include low expenditure in resources and absence of standardization in the micro battery industry.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global micro battery industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Cymbet Corporation
- Panasonic Corporation
- VARTA AG
- Seiko Instruments Inc.
- Maxell, Ltd.
- Front Edge Technology, Inc
- Imprint Energy
- Murata Manufacturing Co., Ltd.
- Blue Spark Technologies
- STMicroelectronics
- Enfucell Oy
- SAMSUNG SDI CO., LTD.
- BrightVolt.
- Ultralife Corporation
- Blue Spark Technologies
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Rechargeability |
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| Breakup by Capacity |
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| Breakup by Application |
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| Breakup by Components |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 34.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6590.51 million by 2032.
The growth of the market is driven by factors like inherent advantages of micro batteries and growth in the adoption of wearable devices.
The rising demand for compact batteries in medical devices and the demand for thin and flexible batteries in IoT devices are the key trends in the market.
The major regions in the market include North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Electrodes is the dominant component in the market.
The leading types in the market are thin film battery, printed battery, and solid-state chip battery.
Based on rechargeability, the market can be segmented into primary battery and secondary battery.
The capacity can be divided into below 10 mAh, between 10 mAh to 100 mAh, and above 100 mAh.
The application sectors include consumer electronics, medical devices, smart packaging, smart cards, wearable devices, and wireless sensor nodes, among others.
The major players in the market include Cymbet Corporation, Panasonic Corporation, VARTA AG, Seiko Instruments Inc., Maxell, Ltd., Front Edge Technology, Inc, Imprint Energy, Murata Manufacturing Co., Ltd., Blue Spark Technologies, STMicroelectronics, Enfucell Oy, SAMSUNG SDI CO., LTD., BrightVolt., Ultralife Corporation, Blue Spark Technologies and Others.
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