Micro Battery Market by Type, Material, Capacity, Rechargeability, Application

List of Tables

[198 Pages Report] The Micro Battery Market size was estimated at USD 1.19 billion in 2023 and expected to reach USD 1.45 billion in 2024, at a CAGR 22.67% to reach USD 4.99 billion by 2030.

The micro battery refers to miniature energy storage devices designed for various low-power electronic applications. These batteries are characterized by their small size, lightweight nature, and flexible form factors, making them ideal for wearable devices, medical equipment, and Internet of Things (IoT) devices. Micro batteries primarily cater to industries that require compact energy storage solutions for a diverse range of products. The increasing adoption of wearable gadgets such as smartwatches and fitness bands drives the need for compact power sources, including micro batteries that fit within space constraints. However, high costs associated with micro batteries and energy density issues limit the product penetration of micro batteries. Nevertheless, the ongoing research and development for alternative chemistries to improve energy density, safety, and environmental impact with leveraging nanotechnology advancements are expected to create growth opportunities for the micro battery market in the coming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.19 billion
Estimated Year [2024]	USD 1.45 billion
Forecast Year [2030]	USD 4.99 billion
CAGR (%)	22.67%

Type: High usage of printed batteries due to its lightweight design and low production costs

Button batteries are small, round batteries used due to their compact size and energy efficiency. Consumers prefer button batteries for their long shelf life, durability, and stable voltage output. Printed batteries are thin and flexible energy storage devices made using printing technologies such as screen printing or inkjet printing. Solid-state chip batteries eliminate the need for liquid electrolytes by employing solid electrolytes that provide enhanced energy density while reducing manufacturing complexity compared to traditional lithium-ion cells, leading to extended lifecycle solutions with a smaller footprint ideal for IoT devices & implantable medical equipment sectors requiring high-performance energy sources with minimal risk. Thin-film batteries are similar to printed batteries but utilize advanced deposition techniques, including sputtering or chemical vapor deposition, for creating ultra-thin layers of electrode materials that enable higher energy densities while maintaining flexibility and thinness, making them suitable for wearable electronics and smart cards.

Material: Extensive adoption of lithium owing to high energy density and voltage stability

Alkaline micro batteries are widely used due to their affordability and widespread availability. They are suitable for low-drain applications such as remote controls, flashlights, and toys. Lithium micro batteries outperform their alkaline counterparts in terms of energy density and voltage stability. They are ideal for high-drain applications such as digital cameras, smartphones, and medical devices. Silver oxide micro batteries are known for their stable voltage output and high-energy density, catering to compact electronics that require consistent power.

Capacity: Growing application of above 100 mAh capacity batteries for better performance for wearable devices

The need for above 100 mAh micro batteries primarily stems from applications requiring higher energy density, including wearables, medical devices, and IoT sensors. These batteries offer extended operational time and better performance in high-drain applications. Below ten mAh micro batteries are commonly used in low-power applications such as hearing aids, RFID tags (Radio Frequency Identification), wireless earbuds, and smart cards. Micro batteries with capacities between 10 and 100 mAh cater to various applications such as smart textiles, miniature robotics, automotive sensors, and remote monitoring systems. Their versatility appeals to users who require a balance between the capacity offered by the larger micro batteries and small form factors provided by sub-10 mAh options.

Application: Improving utilization of long-lasting micro batteries in consumer electronics

Micro batteries are widely used in wearables such as smartwatches, fitness trackers, and wireless earbuds due to their compact size and longer-lasting life. Micro batteries have become critical in medical devices, including hearing aids, implantable cardiac monitors (ICMs), and drug delivery systems due to their miniature size and high energy density. The financial sector has also seen increased adoption of micro batteries for smart cards - credit/debit cards with embedded chips that store and process data. Smart packaging uses micro batteries to power sensors, displays, and other electronic components that provide real-time information about the product's condition, such as temperature, humidity, and freshness. Wireless sensor nodes are integral to the Internet of Things (IoT), requiring compact yet powerful energy sources, including micro batteries, to function effectively.

Regional Insights

In Asia-Pacific, an increase in demand for electronic devices and IoT technologies provides impetus to the micro battery market. Additionally, the Asia-Pacific region is home to several major manufacturers that lead innovation in the industry. Americas is expected to experience significant growth in demand for micro batteries due to high investments in IoT technologies and medical devices. Furthermore, a focus on environmental sustainability in the region encourages the development of clean energy technology such as micro batteries. In Europe, micro batteries have found extensive use in portable devices. Moreover, favorable government policies supporting renewable energy sources have increased demand for solar-powered applications integrated with micro batteries throughout this region. Companies are increasingly investing in research and development, focusing on advanced material research, leading to new patents that promise superior energy storage capabilities.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Micro Battery Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Micro Battery Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Micro Battery Market, highlighting leading vendors and their innovative profiles. These include Duracell Inc., Energizer Holdings, Inc., Energy Diagnostics Limited, Enfucell Oy, Ensurge Micropower ASA, GP Batteries International Limited, Guangzhou Battsys Co., Ltd., Imprint Energy, Inc., ITEN, Jenax Inc., Maxell, Ltd., Microvast Holdings, Inc., Molex LLC, Murata Manufacturing Co., Ltd., Panasonic Holdings Corporation, Renata AG, Seiko Instruments Inc., Shenzhen Grepow Battery Co., Ltd., TDK Corporation, Ultralife Corporation, and VARTA AG.

Market Segmentation & Coverage

This research report categorizes the Micro Battery Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Button Battery
- Printed Battery
- Solid-State Chip Battery
- Thin-Film Battery

Material
- Alkaline
- Lithium
- Silver Oxide

Capacity
- Above 100 mAh
- Below 10 mAh
- Between 10 mAh & 100 mAh

Rechargeability
- Primary Batteries
- Secondary Batteries

Application
- Consumer Electronics
- Medical Devices
- Smart Cards
- Smart Packaging
- Wireless Sensor Nodes

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Micro Battery Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Micro Battery Market?

3. What are the technology trends and regulatory frameworks in the Micro Battery Market?

4. What is the market share of the leading vendors in the Micro Battery Market?

5. Which modes and strategic moves are suitable for entering the Micro Battery Market?

Product Code: MRR-50124643622E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Demand for thin and flexible batteries in IoT applications
  - 5.1.1.2. Need for compact batteries for medical device
  - 5.1.1.3. Increasing adoption of wearable devices
- 5.1.2. Restraints
  - 5.1.2.1. Technical inabilities of micro-batteries
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of micro-batteries in smart textiles
  - 5.1.3.2. Rising adoption of wireless sensors equipped with micro batteries
- 5.1.4. Challenges
  - 5.1.4.1. Complexities in fabrication of microbattery
5.2. Market Segmentation Analysis
- 5.2.1. Type: High usage of printed batteries due to its lightweight design and low production costs
- 5.2.2. Material: Extensive adoption of lithium owing to high energy density and voltage stability
- 5.2.3. Capacity: Growing application of above 100 mAh capacity batteries for better performance for wearable devices
- 5.2.4. Application: Improving utilization of long-lasting micro batteries in consumer electronics
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Micro Battery Market, by Type

6.1. Introduction
6.2. Button Battery
6.3. Printed Battery
6.4. Solid-State Chip Battery
6.5. Thin-Film Battery

7. Micro Battery Market, by Material

7.1. Introduction
7.2. Alkaline
7.3. Lithium
7.4. Silver Oxide

8. Micro Battery Market, by Capacity

8.1. Introduction
8.2. Above 100 mAh
8.3. Below 10 mAh
8.4. Between 10 mAh & 100 mAh

9. Micro Battery Market, by Rechargeability

9.1. Introduction
9.2. Primary Batteries
9.3. Secondary Batteries

10. Micro Battery Market, by Application

10.1. Introduction
10.2. Consumer Electronics
10.3. Medical Devices
10.4. Smart Cards
10.5. Smart Packaging
10.6. Wireless Sensor Nodes

11. Americas Micro Battery Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Micro Battery Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Micro Battery Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. VARTA launches latest version of its CoinPower series at Electronica and focuses on sustainability
- 14.3.2. This French start-up Makes Rechargeable Microbatteries the Size of a Breadcrumb
- 14.3.3. Ensurge Signs Agreement with First Strategic Partner
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio