Global Micro Battery Market

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Global Micro Battery Market, By Type (Thin-Film Battery, Printed Battery, Solid-State Chip Battery, Button Battery), By Rechargeability (Primary Battery, Secondary Battery), By Capacity (Below 10 mAh, Between 10 mAh and 100 mAh, Above 100 mAh), By Application (Consumer Electronics, Medical Devices, Smart Packaging, Smart Cards, Wireless Sensor Nodes, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

Published Date: September 2021
Report ID: BWC21112
Available Format: PDF
Page: 189

Report Overview

The growing demand for electronic items in consumer goods such as wearable gadgets and medical technology is propelling the global micro battery market. Furthermore, the high capacity and energy density of micro-batteries compared to other traditional batteries is another influencing element for the market’s growth.

Global Micro Battery Market- Industry Trends & Forecast Report 2027

Global micro battery market was worth USD 296.5 million in 2020 and is projected to reach USD 1,080.5 million by the year 2027, growing at a CAGR of 20.4% in the forecast period. The rising demand for electronic items in consumer goods such as wearable gadgets and medical technology is propelling the global micro battery market. Furthermore, the high capacity and energy density of micro-batteries compared to other traditional batteries is another influencing element for the market’s growth.

Global Micro Battery Market

Source: BlueWeave Consulting

Global Micro Battery Market- Overview

Micro batteries are high voltage and high energy density compact batteries. These batteries are lightweight and known for their flexibility. They range from 5 to 25 mm in diameter, and their height is 1 to 6 mm. Their versatile nature allows them to be used in a wide range of applications, from small systems to simple sensors and systems requiring a lot of power. Because of shrinking electronic circuits and compact electrical goods, micro batteries are gaining enormous popularity in the electronic market because of their small size.

Global Micro Battery Market Forecast and Trends

Growth Drivers

Increasing Production and Penetration of Consumer Electronic Goods

One of the major factors driving the global micro battery market is the boom in consumer electronics. China, which manufactures low-cost and convenient consumer goods for various purposes, is primarily responsible for this boom. The demand for certain electronic products, such as mobile phones, trimmers, wearables, remote controllers of various appliances, etc., has witnessed a tremendous surge in its market. This surge is estimated to influence the growth of the global micro battery market positively.

Growing Demand for Micro Batteries in the IoT Devices

Using the Internet of Things (IoT), data can be delivered and exchanged between devices using software and sensors integrated into objects using the Internet of Things (IoT). Due to the decreasing power requirements for semiconductors and IoT applications reporting exponential growth. Applications such as sensors, smart cards, RFID tags, wireless sensor nodes, and smart labels must be flexible and thin to exchange data efficiently. IoT relies on traditional batteries for power. However, in many applications, sensor performance is hampered by the size of the embedded battery. Alternatively, thin and flexible batteries harvest energy for a device. Unlike regular batteries, these batteries continue to power sensors, extending their shelf life. Consequently, the global micro battery market is expected to grow due to thin and flexible batteries in IoT.

Restraints

Limited Battery Life and Capacity of Micro Battery

Micro-batteries are renowned for their small size. Unfortunately, the compact size of micro-batteries is also one of their limitations. The small or compact dimensions of these batteries also result in faster power consumption. Because of this, they cannot function for long periods and frequently need to be recharged or replaced. As a result, this could be a major limiting factor for the market’s growth, especially when consumer electronic goods are becoming more popular by the day.

Impact of COVID-19 on Global Micro Battery Market

COVID-19's sudden emergence posed a significant obstacle to the growth of micro batteries worldwide. A few end-users of micro batteries, such as consumer electronics, wearable devices, printed electronics, smart cards, smart packaging, and smart textile manufacturers, were severely affected by this pandemic and had to halt production. Consequently, the demand for micro batteries fell aggressively. Micro battery manufacturers suffered severe losses when production operations as well as distribution channels were shut down. Market recovery from the slump is expected to take place soon as the demand for electronic products increases during the quarantine period.

Global Micro Battery Market - By Type

Based on types, the global micro battery market is segmented into thin-film, printed, solid-state chip, and button. Among these, the thin-film battery segment captures the largest market share. Thin-film batteries are made up of lithium-ion batteries, a very popular material in the battery manufacturing industry. Thin-film batteries are most prominently used in renewable energy storage devices, smart cards, radio-frequency identification tags, portable electronics, defibrillators, etc. That’s why its demand is growing at a high rate in this market.

Global Micro Battery Market - By Capacity

Based on capacities, the global micro battery market is segmented into below 10 mAh, between 10 mAh and 100 mAh, and above 100 mAh. The above 100 mAh capacity segment accounts for the largest market share as this capacity is prominently used in film cameras, medical instruments, etc. Medical instruments, such as pacemakers, need to work continuously without interruption, which requires high-capacity micro-batteries. Additionally, with the growing prevalence of various chronic diseases, micro-batteries are also expected to surge in demand, propelling the market growth.

Global Micro Battery Market - Regional Insights

Geographically, the global micro battery market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region dominates the market and is also projected to witness the highest CAGR during the forecast period. The presence of the world's major manufacturing industries for consumer electronics in countries such as China and India are considerably driving demand for micro batteries in this region. Furthermore, rising demand for various medical equipment such as pacemakers and drug delivery systems drive the market growth.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global micro battery market are Cymbet, Seiko Instruments Inc., Enfucell Oy, Ultralife Corporation, Blue Spark Technologies, Tdk Corporation, Panasonic Corporation, Murata Manufacturing Co., Ltd., Varta Ag, Molex LLC, Front Edge Technology, Shenzhen Grepow Battery Co., Ltd., Renata SA, Maxell Holdings, Ltd., Duracell Inc., Brightvolt Inc., Power Paper Ltd., Iten SA, Guangzhou Fullriver Battery New Technology Co., Ltd., and other prominent players.

The global micro battery market is fragmented, with numerous micro battery manufacturers, although it is consolidated among a small number of competitors. For innovation and advancement of their products, companies heavily invest in R&D. Also, the market players focus on improving the energy and life of micro-batteries to gain a competitive edge. Furthermore, the adoption of competitive strategies like mergers, acquisitions, partnerships, collaborations, etc., is also very prominent in the market.

Recent Developments

In September 2021, Ilika plc., a UK-based solid-state battery technology company, announced to have qualified to trade on the OTCQX. OTC Markets Group Inc. is a leading operator of financial markets for the US and global securities.
In January 2021, Thin Film Electronics ASA, a Norwegian micro-battery manufacturing company, announced its new strategies in commercializing the company’s premium micro-battery products based on solid-state lithium battery technology.

Scope of the Report

Attributes	Details
Years Considered	Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027
Facts Covered	Revenue in USD Million
Market Coverage	U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation	By Type, By Rechargeability, By Capacity, By Application, By Region
Key Players	Cymbet, Seiko Instruments Inc., Enfucell Oy, Ultralife Corporation, Blue Spark Technologies, Tdk Corporation, Panasonic Corporation, Murata Manufacturing Co., Ltd., Varta Ag, Molex LLC, Front Edge Technology, Shenzhen Grepow Battery Co., Ltd., Renata SA, Maxell Holdings, Ltd., Duracell Inc., Brightvolt Inc., Power Paper Ltd., Iten SA, Guangzhou Fullriver Battery New Technology Co., Ltd., and other prominent players.

By Type

Thin-Film Battery
Printed Battery
Solid-State Chip Battery
Button Battery

By Rechargeability

Primary Battery
Secondary Battery

By Capacity

Below 10 Mah
Between 10 Mah and 100 Mah
Above 100 Mah

By Application

Consumer Electronics
Medical Devices
Smart Packaging
Smart Cards
Wireless Sensor Nodes
Others

By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Research Framework
1. Research Objective
2. Product Overview
3. Key Market Segments
Research Methodology
1. Qualitative Research
2. Methodology
3. Regional Split of Primary & Secondary Research
4. Secondary Research
5. Primary Research
  1. Breakdown of Primary Research Respondents, By Region
  2. Breakdown of Primary Research Respondents, By Industry Participants
6. Market Size Estimation
7. Assumptions for the Study
8. Market Breakdown & Data Triangulation
Executive Summary
Industry Insight and Growth Strategy
1. Value Chain Analysis
2. DROC Analysis
  1. Market Drivers
    1. Increasing Production And Penetration Of Consumer Electronic Goods
    2. Technological Advancements In Micro Batteries
  2. Market Restraints
    1. Limited Battery Life And Capacity Of Micro Battery
  3. Market Challenges
    1. Negative Influence of the COVID-19
  4. Market Opportunity
    1. Increasing Demand For Compact Batteries In IoT Applications
    2. Growth Potential in Emerging Economies
3. Recent Developments
4. Porter’s Five Forces Analysis
  1. Bargaining Power of Buyers
  2. Bargaining Power of Suppliers
  3. Intensity of Rivalry
  4. Threat of New Entrants
  5. Threat of Substitutes
Global Micro Battery Market Overview
1. Market Size & Forecast by Value, 2017-2027
2. Market Size and Forecast, By Segment
  1. By Type
    1. Thin-Film Battery
    2. Printed Battery
    3. Solid-State Chip Battery
    4. Button Battery
  2. By Rechargeability
    1. Primary Battery
    2. Secondary Battery
  3. By Capacity
    1. Below 10 Mah
    2. Between 10 Mah And 100 Mah
    3. Above 100 Mah
  4. By Application
    1. Consumer Electronics
    2. Medical Devices
    3. Smart Packaging
    4. Smart Cards
    5. Wireless Sensor Nodes
    6. Others
  5. By Region
    1. North America
    2. Europe
    3. Asia-Pacific
    4. Latin America
    5. Middle East & Africa
North America Micro Battery Market Overview
1. Market Size and Forecast
  1. By Value (USD Million), 2020-2027
2. Market Share and Forecast
  1. By Type
  2. By Rechargeability
  3. By Capacity
  4. By Application
  5. By Country
    1. U.S.
    2. Canada
Europe Micro Battery Market Overview
1. Market Size and Forecast
  1. By Value (USD Million), 2020-2027
2. Market Share and Forecast
  1. By Type
  2. By Rechargeability
  3. By Capacity
  4. By Application
  5. By Country
    1. Germany
    2. U.K.
    3. Russia
    4. France
    5. Italy
    6. Spain
    7. Rest of Europe
APAC Micro Battery Market Overview
1. Market Size and Forecast
  1. By Value (USD Million), 2020-2027
2. Market Share and Forecast
  1. By Type
  2. By Rechargeability
  3. By Capacity
  4. By Application
  5. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
LATAM Micro Battery Market Overview
1. Market Size and Forecast
  1. By Value (USD Million), 2020-2027
2. Market Share and Forecast
  1. By Type
  2. By Rechargeability
  3. By Capacity
  4. By Application
  5. By Country
    1. Mexico
    2. Brazil
    3. Rest of LATAM
MEA Micro Battery Market Overview
1. Market Size and Forecast
  1. By Value (USD Million), 2020-2027
2. Market Share and Forecast
3. By Type
4. By Rechargeability
5. By Capacity
6. By Application
7. By Country
  1. Saudi Arabia
  2. UAE
  3. South Africa
  4. Rest of MEA
Competitive Landscape
1. List of Key Players and Their Offerings
2. Market Share Analysis (2020)
3. Competitive Benchmarking by Operating Parameters
Impact of COVID-19 on Global Micro Battery Market
Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
1. Cymbet
2. Seiko Instruments Inc.
3. Enfucell Oy
4. Ultralife Corporation
5. Blue Spark Technologies
6. Tdk Corporation
7. Panasonic Corporation
8. Murata Manufacturing Co., Ltd.
9. Varta Ag
10. Molex LLC
11. Front Edge Technology
12. Shenzhen Grepow Battery Co., Ltd.
13. Renata Sa
14. Maxell Holdings, Ltd.
15. Duracell Inc.
16. Brightvolt Inc.
17. Power Paper Ltd.
18. Iten Sa
19. Guangzhou Fullriver Battery New Technology Co., Ltd.
20. Other Prominent Players
Key Strategic Recommendations

List of Figures

Figure 1: Global Micro Battery Market Segmentation

Figure 2: Global Micro Battery Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2020

Figure 4: Global Micro Battery Market Size, By Value (USD Million), 2017-2027

Figure 5: Global Micro Battery Market Share (%), By Type, By Value, 2017-2027

Figure 6: Global Micro Battery Market Share (%), By Rechargeability, By Value, 2017-2027

Figure 7: Global Micro Battery Market Share (%), By Capacity, By Value, 2017-2027

Figure 8: Global Micro Battery Market Share (%), By Application, By Value, 2017-2027

Figure 9: Global Micro Battery Market Share (%), By Region, By Value, 2017-2027

Figure 10: North America Micro Battery Market Size, By Value (USD Million), 2017-2027

Figure 11: North America Micro Battery Market Share (%), By Type, By Value, 2017-2027

Figure 12: North America Micro Battery Market Share (%), By Rechargeability, By Value, 2017-2027

Figure 13: North America Micro Battery Market Share (%), By Capacity, By Value, 2017-2027

Figure 14: North America Micro Battery Market Share (%), By Application, By Value, 2017-2027

Figure 15: North America Micro Battery Market Share (%), By Country, By Value, 2017-2027

Figure 16: Europe Micro Battery Market Size, By Value (USD Million), 2017-2027

Figure 17: Europe Micro Battery Market Share (%), By Type, By Value, 2017-2027

Figure 18: Europe Micro Battery Market Share (%), By Rechargeability, By Value, 2017-2027

Figure 19: Europe Micro Battery Market Share (%), By Capacity, By Value, 2017-2027

Figure 20: Europe Micro Battery Market Share (%), by Application, By Value, 2017-2027

Figure 21: Europe Micro Battery Market Share (%), By Country, By Value, 2017-2027

Figure 22: Asia-Pacific Micro Battery Market Size, By Value (USD Million), 2017-2027

Figure 23: Asia-Pacific Micro Battery Market Share (%), By Type, By Value, 2017-2027

Figure 24: Asia-Pacific Micro Battery Market Share (%), By Rechargeability, By Value, 2017-2027

Figure 25: Asia-Pacific Micro Battery Market Share (%), By Capacity, By Value, 2017-2027

Figure 26: Asia-Pacific Micro Battery Market Share (%), By Application, By Value, 2017-2027

Figure 27: Asia-Pacific Micro Battery Market Share (%), By Country, By Value, 2017-2027

Figure 28: Latin America Micro Battery Market Size, By Value (USD Million), 2017-2027

Figure 29: Latin America Micro Battery Market Share (%), By Type, By Value, 2017-2027

Figure 30: Latin America Micro Battery Market Share (%), By Rechargeability, By Value, 2017-2027

Figure 31: Latin America Micro Battery Market Share (%), By Capacity, By Value, 2017-2027

Figure 32: Latin America Micro Battery Market Share (%), By Application, By Value, 2017-2027

Figure 33: Latin America Micro Battery Market Share (%), By Country, By Value, 2017-2027

Figure 34: Middle East & Africa Micro Battery Market Size, By Value (USD Million), 2017-2027

Figure 35: Middle East & Africa Micro Battery Market Share (%), By Type, By Value, 2017-2027

Figure 36: Middle East & Africa Micro Battery Market Share (%), By Rechargeability, By Value, 2017-2027

Figure 37: Middle East & Africa Micro Battery Market Share (%), By Capacity, By Value, 2017-2027

Figure 38: Middle East & Africa Micro Battery Market Share (%), By Application, By Value, 2017-2027

Figure 39: Middle East & Africa Micro Battery Market Share (%), By Region, By Value, 2017-2027

List of Tables

Table 1: Global Micro Battery Market Size, By Type, By Value, 2017-2027

Table 2: Global Micro Battery Market Size, By Rechargeability, By Value (USD Million), 2017-2027

Table 3: Global Micro Battery Market Size, By Capacity, By Value (USD Million), 2017-2027

Table 4: Global Micro Battery Market Size, By Application, By Value (USD Million), 2017-2027

Table 5: Global Micro Battery Market Size, By Region, By Value (USD Million), 2017-2027

Table 6: North America Micro Battery Market Size, By Type, By Value (USD Million), 2017-2027

Table 7: North America Micro Battery Market Size, By Rechargeability, By Value (USD Million), 2017-2027

Table 8: North America Micro Battery Market Size, By Capacity, By Value (USD Million), 2017-2027

Table 9: North America Micro Battery Market Size, By Application, By Value (USD Million), 2017-2027,

Table 10: Europe Micro Battery Market Size, By Type, By Value (USD Million), 2017-2027

Table 11: Europe Micro Battery Market Size, By Rechargeability, By Value (USD Million), 2017-2027

Table 12: Europe Micro Battery Market Size, By Capacity, By Value (USD Million), 2017-2027

Table 13: Europe Micro Battery Market Size, By Application, By Value (USD Million), 2017-2027

Table 14: the Asia-Pacific Micro Battery Market Size, By Type, By Value (USD Million), 2017-2027

Table 15: the Asia-Pacific Micro Battery Market Size, By Rechargeability, By Value (USD Million), 2017-2027

Table 16: the Asia-Pacific Micro Battery Market Size, By Capacity, By Value (USD Million), 2017-2027

Table 17: the Asia-Pacific Micro Battery Market Size, By Application, By Value (USD Million), 2017-2027

Table 18: Latin America Micro Battery Market Size, By Type, By Value (USD Million), 2017-2027

Table 19: Latin America Micro Battery Market Size, By Rechargeability, By Value (USD Million), 2017-2027

Table 20: Latin America Micro Battery Market Size, By Capacity, By Value (USD Million), 2017-2027

Table 21: Latin America Micro Battery Market Size, By Application, By Value (USD Million), 2017-2027

Table 22: The Middle-East & Africa Micro Battery Market Size, By Type, By Value (USD Million), 2017-2027

Table 23: The Middle-East & Africa Micro Battery Market Size, By Rechargeability, By Value (USD Million), 2017-2027

Table 24: The Middle-East & Africa Micro Battery Market Size, By Capacity, By Value (USD Million), 2017-2027

Table 25: The Middle-East & Africa Micro Battery Market Size, By Application, By Value (USD Million), 2017-2027

Table 26: Cymbet Financial Analysis

Table 27: Cymbet Business Overview

Table 28: Seiko Instruments Inc. Financial Analysis

Table 29: Seiko Instruments Inc. Business Overview

Table 30: Enfucell Oy Corporation Financial Analysis

Table 31: Enfucell Oy Corporation Business Overview

Table 32: Ultralife Corporation Financial Analysis

Table 33: Ultralife Corporation Business Overview

Table 34: Blue Spark Technologies Financial Analysis

Table 35: Blue Spark Technologies Business Overview

Table 36: Tdk Corporation Financial Analysis

Table 37: Tdk Corporation Business Overview

Table 38: Panasonic Corporation Financial Analysis

Table 39: Panasonic Corporation Business Overview

Table 40: Murata Manufacturing Co., Ltd. Financial Analysis

Table 41: Murata Manufacturing Co., Ltd. Business Overview

Table 42: Varta Ag Financial Analysis

Table 43: Varta Ag Business Overview

Table 44: Molex LLC Financial Analysis

Table 45: Molex LLC Business Overview

Table 46: Front Edge Technology Financial Analysis

Table 47: Front Edge Technology Financial Analysis

Table 48: Shenzhen Grepow Battery Co., Ltd. Financial Analysis

Table 49: Shenzhen Grepow Battery Co., Ltd. Business Overview

Table 50: Renata Sa Financial Analysis

Table 51: Renata Sa Business Overview

Table 52: Maxell Holdings, Ltd. Financial Analysis

Table 53: Maxell Holdings, Ltd. Business Overview

Table 54: Duracell Inc. Financial Analysis

Table 55: Duracell Inc. Business Overview

Table 56: Brightvolt Inc. Financial Analysis

Table 57: Brightvolt Inc. Business Overview

Table 58: Power Paper Ltd. Financial Analysis

Table 59: Power Paper Ltd. Business Overview

Table 60: Iten Sa Financial Analysis

Table 61: Iten Sa Business Overview

Table 62: Guangzhou Fullriver Battery New Technology Co., Ltd. Financial Analysis

Table 63: Guangzhou Fullriver Battery New Technology Co., Ltd. Business Overview

Market Segmentation

By Type

Thin-Film Battery
Printed Battery
Solid-State Chip Battery
Button Battery

By Rechargeability

Primary Battery
Secondary Battery

By Capacity

Below 10 Mah
Between 10 Mah and 100 Mah
Above 100 Mah

By Application

Consumer Electronics
Medical Devices
Smart Packaging
Smart Cards
Wireless Sensor Nodes
Others

By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Frequently Asked Questions (FAQs):

1. What is the current size of the global micro battery market?

Ans: The global micro battery market reached USD 296.5 million in 2020.

2. What are the major factors driving the growth of the global micro battery market?

Ans: The major factors driving the growth of the global micro battery market are; increasing production and penetration of consumer electronic goods and technological advancements in micro batteries.

3. Who are the key players in the global micro battery market?

Ans: The key players in the global micro battery market are: Cymbet, Seiko Instruments Inc., Enfucell Oy, Ultralife Corporation, Blue Spark Technologies, Tdk Corporation, Panasonic Corporation, Murata Manufacturing Co., Ltd., Varta Ag, Molex LLC, Front Edge Technology, Shenzhen Grepow Battery Co., Ltd., Renata SA, Maxell Holdings, Ltd., Duracell Inc., Brightvolt Inc., Power Paper Ltd., Iten SA, Guangzhou Fullriver Battery New Technology Co., Ltd., and other prominent players.

4. Which application segment accounted for the largest share in the global micro battery market?

Ans: The consumer electronics segment accounted for the largest share in the global micro battery market.

5. Which region holds the largest share in the global micro battery market?

Ans: The Asia-Pacific region has the largest share in the global micro battery market.

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