Asia Pacific Micro Battery Market Forecast to 2030 - Regional Analysis - by Type, Rechargeability, and Application

List of Tables

The Asia Pacific micro battery market was valued at US$ 291.23 million in 2022 and is expected to reach US$ 1,316.02 million by 2030; it is estimated to record a CAGR of 20.7% from 2022 to 2030.

Advancements in IoT Devices Boost Asia Pacific Micro Battery Market

The Internet of Things (IoT) has revolutionized how we interact with technology, enabling seamless connectivity between devices and creating a vast ecosystem of smart devices. As IoT devices continue to increase across various industries and sectors, the need for reliable and efficient power sources becomes crucial. This presents a significant opportunity for the micro battery market to play a vital role in meeting the power demands of IoT devices. The IoT landscape has expanded exponentially, encompassing diverse applications such as smart homes, industrial automation, healthcare, transportation, and more. These IoT devices rely on miniaturized electronics that require compact and long-lasting power solutions. Micro batteries, with their small form factor and high energy density, perfectly align with the requirements of IoT devices, making them an ideal power source. Moreover, IoT devices often operate in remote or hard-to-reach locations, requiring reliable power sources to ensure uninterrupted functionality. Micro batteries are easily deployable in these challenging environments, providing a portable, self-contained power solution. This flexibility allows IoT devices to be deployed in various scenarios, from smart sensors in agricultural fields to wearables monitoring vital signs in healthcare settings. Additionally, the advancements in IoT devices, coupled with the evolution of micro battery technology, have led to enhanced user experiences. This translates to improved convenience, longevity, and reliability for end users, fostering further adoption and integration of IoT technology in various aspects of daily.

Asia Pacific Micro Battery Market Overview

Various countries in the Asia Pacific region are experiencing a dynamic shift toward the technologically advanced landscape with a key emphasis on projects in smart cities, such as the integration of the Internet of Things (IoT) and advancements of healthcare systems. The surge in connected devices, spanning smart home appliances and wearable gadgets among consumers, is also propelling the micro battery market growth in Asia Pacific. Moreover, these devices require thin, flexible, and safe power sources, which micro batteries can provide. In addition, the growing demand for other consumer electronic devices such as smartphones, tablets, wearables, and other devices in Asian countries will also boost the growth of the Asia Pacific micro battery market in the coming years. In Asia Pacific, China is the largest manufacturer of consumer electronic devices. According to Nikkei Inc., the Chinese government is working on various plans to expand the country's domestic electronic market by investing US$ 327 billion till 2023. In addition, the Indian government is expanding the electronics market in the country. According to the Ministry of Electronics & IT, initiatives by the Indian government and efforts of the industry have led to the domestic production of electronic goods with revenue of US$ 74.7 billion in 2020 and a CAGR of 17.9%. A few government policies for electronics manufacturing include the Production Linked Incentive (PLI) Schemes, the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), and the Modified Electronics Manufacturing Cluster (EMC 2.0) Scheme. Furthermore, the electronics sector in Asia Pacific accounts for 20-50% of Asia's total value of exports. As Asia Pacific is the largest electronic manufacturer, the demand for micro batteries will rise across the region during the forecast period. Additionally, there is a growing use of micro batteries in medical devices such as wireless thermometers, pulse oximeters, and drug delivery patches, which are especially used while treating COVID-19 patients.

Asia Pacific Micro Battery Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Micro Battery Market Segmentation

The Asia Pacific micro battery market is segmented based on type, rechargeability, application, and country. Based on type, the Asia Pacific micro battery market is categorized into thin film battery, solid state chip battery, and button battery. The button battery segment held the largest market share in 2022.

In terms of rechargeability, the Asia Pacific micro battery market is bifurcated into primary battery and secondary battery. The primary battery segment held a larger market share in 2022.

In terms of application, the Asia Pacific micro battery market is categorized into consumer electronics, smart packing, medical devices, wireless sensor nodes, and others. The consumer electronics segment held the largest market in 2022.

By country, the Asia Pacific micro battery market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific micro battery market share in 2022.

Molex LLC, Murata Manufacturing Co Ltd, Varta AG, Duracell Inc, Renata SA, Maxell Holdings Ltd, Seiko Instruments Inc, and Panasonic Energy Co Ltd are some of the leading companies operating in the Asia Pacific micro battery market.

Product Code: BMIRE00030371

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Asia Pacific Micro Battery Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain:

5. Asia Pacific Micro Battery Market - Key Industry Dynamics

5.1 Drivers
- 5.1.1 Increase in Demand for Wearable Devices
- 5.1.2 Miniaturization of Consumer Electronics
- 5.1.3 Advantages of Micro Batteries
5.2 Restraints
- 5.2.1 Need for Large Investments
- 5.2.2 Limited Energy Storage Capacity
5.3 Opportunities
- 5.3.1 Advancements in IoT Devices
- 5.3.2 Expansion in Healthcare industry
5.4 Trends
- 5.4.1 Increasing Focus on Sustainability
5.5 Impact of Drivers and Restraints:

6. Micro Battery Market - Asia Pacific Market Analysis

6.1 Micro Battery Market Overview
6.2 Micro Battery Market Revenue (US$ Million), 2020 - 2030
6.3 Micro Battery Market Forecast and Analysis

7. Asia Pacific Micro Battery Market Analysis - Type

7.1 Button Battery
- 7.1.1 Overview
- 7.1.2 Button Battery Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Thin Film Battery
- 7.2.1 Overview
- 7.2.2 Thin Film Battery Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Solid State Chip Battery
- 7.3.1 Overview
- 7.3.2 Solid State Chip Battery Market Revenue and Forecasts to 2030 (US$ Million)

8. Asia Pacific Micro Battery Market Analysis - Rechargeability

8.1 Primary Battery
- 8.1.1 Overview
- 8.1.2 Primary Battery Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Secondary Battery
- 8.2.1 Overview
- 8.2.2 Secondary Battery Market Revenue and Forecasts to 2030 (US$ Million)

9. Asia Pacific Micro Battery Market Analysis - Application

9.1 Consumer Electronics
- 9.1.1 Overview
- 9.1.2 Consumer Electronics Revenue and Forecasts to 2030 (US$ Million)
9.2 Medical Devices
- 9.2.1 Overview
- 9.2.2 Medical Devices Market Revenue and Forecasts to 2030 (US$ Million)
9.3 Smart Packing
- 9.3.1 Overview
- 9.3.2 Smart Packing Market Revenue and Forecasts to 2030 (US$ Million)
9.4 Wireless Sensor Nodes
- 9.4.1 Overview
- 9.4.2 Wireless Sensor Nodes Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others Market Revenue and Forecasts to 2030 (US$ Million)

10. Asia Pacific Micro Battery Market - Country Analysis

10.1 Asia Pacific Micro Battery Market
- 10.1.1 Overview
- 10.1.2 Micro battery market Breakdown by Countries
  - 10.1.2.1 Australia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.1.1 Australia Micro Battery Market Breakdown by Type
    - 10.1.2.1.2 Australia Micro Battery Market Breakdown by Rechargeability
    - 10.1.2.1.3 Australia Micro Battery Market Breakdown by Application
  - 10.1.2.2 China Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.2.1 China Micro Battery Market Breakdown by Type
    - 10.1.2.2.2 China Micro Battery Market Breakdown by Rechargeability
    - 10.1.2.2.3 China Micro Battery Market Breakdown by Application
  - 10.1.2.3 India Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.3.1 India Micro Battery Market Breakdown by Type
    - 10.1.2.3.2 India Micro Battery Market Breakdown by Rechargeability
    - 10.1.2.3.3 India Micro Battery Market Breakdown by Application
  - 10.1.2.4 Japan Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.4.1 Japan Micro Battery Market Breakdown by Type
    - 10.1.2.4.2 Japan Micro Battery Market Breakdown by Rechargeability
    - 10.1.2.4.3 Japan Micro Battery Market Breakdown by Application
  - 10.1.2.5 South Korea Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.5.1 South Korea Micro Battery Market Breakdown by Type
    - 10.1.2.5.2 South Korea Micro Battery Market Breakdown by Rechargeability
    - 10.1.2.5.3 South Korea Micro Battery Market Breakdown by Application
  - 10.1.2.6 Rest of Asia Pacific Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.6.1 Rest of Asia Pacific Micro Battery Market Breakdown by Type
    - 10.1.2.6.2 Rest of Asia Pacific Micro Battery Market Breakdown by Rechargeability
    - 10.1.2.6.3 Rest of Asia Pacific Micro Battery Market Breakdown by Application

11. Competitive Landscape

11.1 Heat Map Analysis By Key Players

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development

13. Company Profiles

13.1 Molex LLC
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Murata Manufacturing Co Ltd
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Varta AG
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Duracell Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 RENATA SA
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Maxell Holdings, Ltd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Seiko Instruments Inc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Panasonic Energy Co Ltd
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments

14. Appendix

14.1 Word Index