Micro Battery Market | Valuable Report with Scope, Gross Profit, Status, Revenue, Trends and Forecast by 2026

Market Analysis: Global Micro Battery Market

Micro battery market

Market Definition: Global Micro Battery Market

Micro battery can be defined as a miniature power source product that is generally shaped like a button, with its size ranging from 5-25 nm in its diameter and 1-6 nm in its height. The metal is generally utilized as the outermost covering of the product and covers the positive side of the battery. Its applications is generally seen in watches, small electronic devices, calculators, wearable devices, consumer electronics, smart cards, medical devices and various others.

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Market Drivers:

Rapid rise in demand due to a surge of IoT technology in the various industries

Increasing utilization of the product from various medical devices

Increasing utilization of wearable devices globally is also expected to boost the growth of the market due to the utilization of micro batteries in these aforementioned devices

Light-weight, flexible and secure energy source of these products is also expected to boost the growth of the market


Market Restraints:

Complications/drawbacks in the technical applications of these batteries is expected to restrict the adoption rate

Requirement of large-scale financial investments for the establishment of production facilities for micro batteries; this factor is expected to restrain the growth of the market

Absence of any set standards regarding the manufacturing of these products; this factor is also expected to restrict the adoption rate


Segmentation: Global Micro Battery Market

By Components

Electrodes

Cathode

Anode


Electrolytes

Substrates

Current Collectors

Others


By Material Type

LR Alkaline

SR Silver Oxide

CR Lithium

Others


By Type

Thin Film Battery

Printed Battery

Solid State Chip Battery


By Rechargeability

Primary

Secondary


By Capacity

Below 10 mAh

10mAh-100mAh

Above 100mAh


By Application

Consumer Electronics

Medical Devices

Smart Packaging

Smart Cards

Wearable Devices

Wireless Sensor Nodes

Others


By End-Users

Commercial

Industrial

Residential

Others


By Geography

North America

U.S.

Canada

Mexico


Europe

Germany

Italy

U.K.

France

Spain

Netherlands

Belgium

Switzerland

Turkey

Russia

Rest of Europe


Asia-Pacific

Japan

China

India

South Korea

Australia

Singapore

Malaysia

Thailand

Indonesia

Philippines

Rest of Asia-Pacific


South America

Brazil

Argentina

Rest of South America


Middle East and Africa

Saudi Arabia

UAE

South Africa

Egypt

Israel

Rest of Middle East and Africa



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Key Developments in the Market:

In December 2018, ITEN announced that they had initiated the production of solid-state microbatteries at their facility situated in Lyon, France. The facility will be able to provide the capacity of 10 million components annually and is expected to increase by fivefold within the first few months. This extension of production facility is also set to double the workforce with the company by 2020

In September 2017, Murata Manufacturing Co., Ltd. announced that they had completed the acquisition of battery operations from Sony Corporation. This acquisition will enable Murata Manufacturing Co., Ltd. to enhance their technological expertise and also enable them to increase their production capabilities by focusing on providing products & solutions to the energy market


Competitive Analysis

Global micro battery market

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Major Market Competitors/Players

Few of the major competitors currently working in the global micro battery market are Cymbet; Murata Manufacturing Co., Ltd.; VARTA Microbattery GmbH - A COMPANY OF VARTA AG; SAMSUNG SDI CO.,LTD.; Front Edge Technology, Inc.; Imprint Energy Inc; Ultralife Corporation; Blue Spark Technologies; ProLogium Technology Co., Ltd.; PPBC; ITEN; Jenax Inc.; Panasonic Corporation; TDK Electronics AG; FULLRIVER Battery; NEC ENERGY SOLUTIONS; Maxell Worldwide; Renata SA; Seiko Instruments Inc.; TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION; Energizer; Duracell Inc.; GPB International Limited; EVE Energy Co., Ltd. and Nanfu among others.

Research Methodology: Global Micro Battery Market

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