Micro Battery Market Scope
Rapid expansion in the electronics industry will help boost global micro battery market in the forecasted period. There are various types of micro-battery such as LR (Alkaline), SR (Silver Oxide), CR (Lithium) and others. Button silver oxide batteries are usually utilized in calculators, toys, photoelectric exposure gadgets, watches, hearing aids. Larger batteries are used in submarines, aviation, rockets, and underwater applications. Uses of button silver oxide batteries in computerized and simple watches are boosting demand for silver oxide battery in the global market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Sony (Japan), Maxell (Hitachi) (Japan), Panasonic (Japan), Renata Batteries (Swatch Group) (Switzerland), Seiko (Japan), Murata Manufacturing (Japan), Toshiba (Japan), Energizer (United States), Duracell (Switzerland) and Vinnic (Hong Kong) |
CAGR | 5.8% |
Key vendors of micro-battery are focusing on new product launch and new innovation to improve their products and services along with focusing on growing their client base to strengthen market position and to boost product & service offerings. Research Analyst at AMA estimates that Japanese Manufacturers will contribute to the maximum growth of Global Micro Battery market throughout the predicted period.
Sony (Japan), Maxell (Hitachi) (Japan), Panasonic (Japan), Renata Batteries (Swatch Group) (Switzerland), Seiko (Japan), Murata Manufacturing (Japan), Toshiba (Japan), Energizer (United States), Duracell (Switzerland) and Vinnic (Hong Kong) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are NANFU (China), TMMQ (Hong Kong) and EVE Energy (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Micro Battery market by Type , by Application (Commercial, Industrial, Residential and Others) and Region with country level break-up.
On the basis of geography, the market of Micro Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2019, the battery manufacturer VARTA AG has acquired Europe-based VARTA Consumer Batteries business (“VARTA Consumer“) from the US-American Energizer Holdings, Inc. (“Energizer“). VARTA Consumer Batteries comprises a large number of country subsidiaries and its main production site in Dischingen, Germany.
In February 2024, Ensurge Micropower announced that it has successfully manufactured fully functional solid state microbatteries consisting of stacked cells on 10-micron substrates. The Company will immediately start ramping up the manufacturing capacity in order to meet the demand from partners and customers.
Influencing Trend:
High Demand Due To Development of Recycled Alkaline Batteries and Upsurge Demand of Silver Oxide Battery Due To Developing Popularity of Electronic Wearables
Market Growth Drivers:
Growing Demand of Electronics Industry and Government Initiation for Modernization and Development of Their Power Generation Infrastructure
Challenges:
Threat of Rechargeable Batteries and Alternative Chemistries
Restraints:
Leaking Of Hazardous Liquids from Damaged Batteries Could Corrode the Equipment or Appliances
Opportunities:
Huge Demand in New Power Generation, Transmission, and Distribution Infrastructure in Developing and Developed Countries and Consumer Spending Has Increased Substantially Due To the Rise in Urbanization and New Employment Opportunities
Key Target Audience
Micro-battery Manufactures, Suppliers and Distributors, Industry Associations, Private and Government Research Organizations, Regulatory Bodies and Others