Micro Battery Market Report: Latest Trends, Growth Prospects, and Competition Analysis, 2024-2030

Description

Key Highlights

The micro battery market generated a value of USD 489.3 million in 2023, which will increase to USD 2,060.2 million, powering at a 23.3% compound annual growth rate, by 2030.

The growth can be attributed to the increasing adoption of wearable devices and improvements in technology like the Internet of Things (IoT) and AI along with robotics and automation.

The rising need for micro batteries across different sectors, including residential, consumer electronics, and automotive is aiding the expansion of the industry.

The rising accessibility and growing acceptance of electronic devices like wearable gadgets, medical monitoring equipment, wireless communication chips, and smart cards are driving the demand.

The arrival as well as the progress of smart wearable devices is a key factor driving the growth of this industry.

Such devices like fitness trackers, health monitoring systems, and smart wearables, need energy-efficient and compact power sources to run while still being visually pleasing and lightweight in nature.

These comprise Li-ion batteries, in particular, offering a win-win situation that combines high-energy density with improved lifecycle as well as a compact size.

With the continuously increasing demand for wearables, the micro battery industry will also continue to advance in the years to come.

Key Insights

APAC is likely to advance at the fastest CAGR, of 25%, in the coming years.

This is primarily because of the rising need for medical devices and the increasing acceptance of wearable devices, with their capability to sync with cloud or mobile and update info in web browsers or apps.

Their suitability as well as ease of data access have also assisted in the increasing use of micro batteries in this region.

North America is the second-largest contributor to the industry. This can be mainly because of the high development in the packaging sector in this continent.

The requirement for such batteries is rising with more interactive displays popping up in packages, as smart labels and RFID tags are utilizing thinner and light film batteries.

The lithium category was the largest contributor to the industry in 2023, with approximately 40% share.

This can be because of its high-energy density among all types of batteries with relatively small and lightweight packaging, which makes it suitable for microelectronics functioning.

The 10-100 mAh category is the largest contributor to the industry.

This is because of their versatile range offering power to different applications, such as remote controls, small electronic devices, IoT sensors, key fobs, and wearables; compact size; balanced energy density; and longer runtime.

The rechargeable micro batteries category will advance at a higher CAGR in the years to come. This is mainly because of some of the consequent profits such as reusability.

Micro batteries are major components of consumer electronics; as a result, this category is the largest contributor to the industry. The requirement for dependable and compact power solutions is increasing around the globe.

The micro battery industry is consolidated in nature. Major companies have been involved in product introductions to enhance their presence in the industry.

Product Code: 11730

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by capacity
- 1.4.3. Market size breakdown, by rechargeability
- 1.4.4. Market size breakdown, by application
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Type (2017-2030)
6.3. Market Revenue, by Capacity (2017-2030)
6.4. Market Revenue, by Rechargeability (2017-2030)
6.5. Market Revenue, by Application (2017-2030)
6.6. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Type (2017-2030)
7.3. Market Revenue, by Capacity (2017-2030)
7.4. Market Revenue, by Rechargeability (2017-2030)
7.5. Market Revenue, by Application (2017-2030)
7.6. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Type (2017-2030)
8.3. Market Revenue, by Capacity (2017-2030)
8.4. Market Revenue, by Rechargeability (2017-2030)
8.5. Market Revenue, by Application (2017-2030)
8.6. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Type (2017-2030)
9.3. Market Revenue, by Capacity (2017-2030)
9.4. Market Revenue, by Rechargeability (2017-2030)
9.5. Market Revenue, by Application (2017-2030)
9.6. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Type (2017-2030)
10.3. Market Revenue, by Capacity (2017-2030)
10.4. Market Revenue, by Rechargeability (2017-2030)
10.5. Market Revenue, by Application (2017-2030)
10.6. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Type (2017-2030)
11.3. Market Revenue, by Capacity (2017-2030)
11.4. Market Revenue, by Rechargeability (2017-2030)
11.5. Market Revenue, by Application (2017-2030)
11.6. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Type (2017-2030)
12.3. Market Revenue, by Capacity (2017-2030)
12.4. Market Revenue, by Rechargeability (2017-2030)
12.5. Market Revenue, by Application (2017-2030)
12.6. Market Revenue, by End User (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Type (2017-2030)
13.3. Market Revenue, by Capacity (2017-2030)
13.4. Market Revenue, by Rechargeability (2017-2030)
13.5. Market Revenue, by Application (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Type (2017-2030)
14.3. Market Revenue, by Capacity (2017-2030)
14.4. Market Revenue, by Rechargeability (2017-2030)
14.5. Market Revenue, by Application (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Type (2017-2030)
15.3. Market Revenue, by Capacity (2017-2030)
15.4. Market Revenue, by Rechargeability (2017-2030)
15.5. Market Revenue, by Application (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Type (2017-2030)
16.3. Market Revenue, by Capacity (2017-2030)
16.4. Market Revenue, by Rechargeability (2017-2030)
16.5. Market Revenue, by Application (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Type (2017-2030)
17.3. Market Revenue, by Capacity (2017-2030)
17.4. Market Revenue, by Rechargeability (2017-2030)
17.5. Market Revenue, by Application (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Type (2017-2030)
18.3. Market Revenue, by Capacity (2017-2030)
18.4. Market Revenue, by Rechargeability (2017-2030)
18.5. Market Revenue, by Application (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Type (2017-2030)
19.3. Market Revenue, by Capacity (2017-2030)
19.4. Market Revenue, by Rechargeability (2017-2030)
19.5. Market Revenue, by Application (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Type (2017-2030)
20.3. Market Revenue, by Capacity (2017-2030)
20.4. Market Revenue, by Rechargeability (2017-2030)
20.5. Market Revenue, by Application (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Type (2017-2030)
21.3. Market Revenue, by Capacity (2017-2030)
21.4. Market Revenue, by Rechargeability (2017-2030)
21.5. Market Revenue, by Application (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Type (2017-2030)
22.3. Market Revenue, by Capacity (2017-2030)
22.4. Market Revenue, by Rechargeability (2017-2030)
22.5. Market Revenue, by Application (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Type (2017-2030)
23.3. Market Revenue, by Capacity (2017-2030)
23.4. Market Revenue, by Rechargeability (2017-2030)
23.5. Market Revenue, by Application (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Type (2017-2030)
24.3. Market Revenue, by Capacity (2017-2030)
24.4. Market Revenue, by Rechargeability (2017-2030)
24.5. Market Revenue, by Application (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Type (2017-2030)
25.3. Market Revenue, by Capacity (2017-2030)
25.4. Market Revenue, by Rechargeability (2017-2030)
25.5. Market Revenue, by Application (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Type (2017-2030)
26.3. Market Revenue, by Capacity (2017-2030)
26.4. Market Revenue, by Rechargeability (2017-2030)
26.5. Market Revenue, by Application (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Type (2017-2030)
27.3. Market Revenue, by Capacity (2017-2030)
27.4. Market Revenue, by Rechargeability (2017-2030)
27.5. Market Revenue, by Application (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Type (2017-2030)
28.3. Market Revenue, by Capacity (2017-2030)
28.4. Market Revenue, by Rechargeability (2017-2030)
28.5. Market Revenue, by Application (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Panasonic Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. VARTA AG
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Murata Manufacturing Co. Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Ultralife Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Koch Industries Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Energizer Holdings Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Seiko Instruments Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. The Swatch Group Ltd.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Maxell Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Berkshire Hathaway Inc.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Toshiba Lifestyle Products & Services Corporation
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. GP Batteries International Limited
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
30.13. TDK Corporation
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
30.14. Shenzhen Grepow Battery Co. Ltd.
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.14.3. Key financial summary
30.15. Duracell Inc.
- 30.15.1. Business overview
- 30.15.2. Product and service offerings
- 30.15.3. Key financial summary
30.16. Enfucell
- 30.16.1. Business overview
- 30.16.2. Product and service offerings
- 30.16.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports