PUBLISHER: Market Research Future | PRODUCT CODE: 1496177
PUBLISHER: Market Research Future | PRODUCT CODE: 1496177
Global Micro Battery Market Research Report Information By Component (Electrodes, Electrolytes, Substrates, Current Collectors, and Others), By Type (Thin Film Battery, Printed Battery, and Solid State Chip Battery), By Product (Primary battery and Secondary Battery), By Capacity (Below 10 mAH, Between 10 mAH to 100 mAH, and Above 100 mAH), By Application (Consumer Electronics, Medical Devices, Smart Wearable Devices, Smart Cards, Wearable Devices, Others), and By Region - Forecast to 2030
The Micro Battery Market is anticipated to experience a compound annual growth rate (CAGR) of 17.51% from 2022 to 2030. A micro battery is a battery that is specifically engineered to provide electricity to small electrical devices and components. In applications where space is restricted and larger batteries are unsuitable due to dimension constraints, these batteries are frequently used. A wide range of compact devices have been found to utilize micro batteries extensively.
Wearable devices are a rapidly expanding technology that has the potential to enhance the quality of life by enhancing individuals' well-being, choices, and behaviors, as well as their fundamental corporate processes. Nevertheless, the proliferation of these devices has been more sluggish than that of conventional technologies, such as cellphones. Consequently, manufacturers and designers are becoming more intrigued by the factors that influence the adoption of these technologies. This will assist them in enhancing the features and appeal of these products to allure and persuade customers. This is primarily attributable to the region's growing acceptance of wearable devices and the necessity for medical apparatus. The growing popularity of fitness trackers in Indonesia, China, and India can be attributed to the increased public awareness of healthy lifestyles and the lower prices of these wearable devices. As a consequence of the expanding fitness trend, wearables have also generated significant momentum among consumers.
Micro Battery Market Segment Insights
Electrodes, electrolytes, substrates, current collectors, and other components comprise the Micro Battery Market.
The market is divided into three categories: thin film battery, printed battery, and solid-state semiconductor battery. The market is divided into two product categories: primary batteries and secondary batteries. The Micro Battery Market has been segmented into three categories based on capacity: below 10 mAH, between 10 mAH and 100 mAH, and above 100 mAH.
Consumer electronics, medical devices, smart wearable devices, smart cards, wearable devices, and other categories comprise the Micro Battery Market.
Perspectives on the region
It is anticipated that the Micro Battery market in North America will experience the most rapid growth in the globe. The micro battery market in North America is experiencing growth as a consequence of increased government support, investment in research and development, and a substantial potential user base. The development of micro battery sales is influenced by the expansion of industrial automation, the rise of the consumer electronics industry, and the growth of manufacturing plants in Canada and Mexico. The North American Free Trade Agreement (NAFTA) is designed to accelerate the growth of the industrial sector by increasing the exports of equipment from Mexico and Canada. Mexico has more than 40 free trade agreements with Japan and other countries, including the European Union (EU), which provide additional incentives for large multinational corporations to support North American industrial expansion. The demand for micro batteries in North America is anticipated to increase as a result of these factors.
The market's leading players include Panasonic Corporation (Japan), Cymbet Corporation (US), STMicroelectronics (Switzerland), Blue Spark Technologies (US), Jenax Inc. (South Korea), Enfucell Flexible Electronics Ltd (China), Prologium Technology Co. ltd (Taiwan), Front Edge Technology Inc. (US), Imprint Energy Inc. (US), and Ultralife Corporation (US).