Market Opportunities and Challenges in the Micro Battery Industry

1
MarketsandMarkets Presents
The Global Micro Battery Market is projected to
reach USD 842 million by 2026 from USD 326
million in 2021 at a CAGR of 20.9. The growth
of the Micro Battery Market is driven by factors
such as the use of printed flexible batteries in
medical devices to treat COVID-19 patients,
several advantages offered by micro batteries
over traditional batteries, increasing adoption
of wearable devices, growing use of micro
batteries in medical and electronic devices, and
demand for thin and flexible batteries in IoT
applications. Moreover, the integration of micro
batteries in smart textiles and the rise in the
adoption of wireless sensors equipped with micro
batteries are expected to offer significant
growth opportunities for the Micro Battery Market
during the forecast period.
2
MarketsandMarkets Presents
Button Battery segment to hold the largest size
of the Micro Battery Market from 2021 to
2026 Button batteries accounted for the largest
share of the overall Micro Battery Market in 2020
and are projected to dominate the market from
2021 to 2026. Lithium button batteries are
experiencing surging demand owing to their
numerous applications. For instance, these
batteries are used in motherboards that power
computing devices such as smartphones and
computers.
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MarketsandMarkets Presents
Button Battery segment to hold the largest size
of the Micro Battery Market from 2021 to
2026 Lithium button cells are also used in
portable medical devices such as blood glucose
meters, blood pressure meters, tensiometers and
clinical thermometers wrist watches
calculators memory backups laser pens fitness
appliances wearables and toys. Thus, the
multi-applicability of these batteries is
expected to drive their market in the near
future. Download PDF Sample _at_ https//www.markets
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MarketsandMarkets Presents
The Micro Battery Market for the consumer
electronics application is projected to grow at
the highest CAGR during the forecast period The
Micro Battery Market for consumer electronics
application is projected to grow at the highest
CAGR from 2021 to 2026. The increasing demand for
intelligent and smartwatches and fitness bands
has given rise to the development of innovative
product designs and the adoption of related
components that are compact and flexible. Most
wearable devices require batteries that have a
high capacity, can be recharged at a fast rate,
and are long-lasting. These requirements are
opening doors for the applications of micro
batteries in consumer electronic devices.
5
MarketsandMarkets Presents
APAC to be the fastest-growing market for Micro
Batteries during the forecast period The market
in APAC is projected to grow at the highest CAGR
from 2021 to 2026. Major manufacturers of
wearable devices and consumer electronics in this
region are miniaturizing their product designs,
which require micro power sources for
compatibility with the miniaturized designs.
Also, technology advancements in smart packaging
(such as the use of printed RFID tags and smart
labels in packages), as well as the adoption of
medical devices, mainly pacemakers, drug delivery
systems and medical patches, which require
lightweight, flexible, and safe power sources,
are fuelling the growth of micro batteries in the
APAC region.
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MarketsandMarkets Presents
Key Players The Key Players operating in the
Micro Battery Market include Blue Spark
Technologies (US) Cymbet Corporation (US)
Enfucell Oy (Finland) Front Edge Technology,
Inc. (US) Molex (US) Panasonic Corporation
(Japan) Shenzhen Grepow Battery Co., Ltd.
(China) TDK Corporation (Japan) Ultralife
Corporation (US) VARTA AG (Germany) Murata
Manufacturing Co., Ltd. (Japan) Seiko
Instruments (Japan) Maxell Holdings, Ltd.
(Japan) Renata SA (Switzerland) and Duracell
Inc. (US). Browse For More Details -
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MarketsandMarkets Presents
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