Global Micro Battery Market to Grow at a CAGR of 34.1% During 2024-2032, Aided by the Rising Adoption of Portable Electronic Devices

The rise of micro lipo batteries and wireless sensor technologies has enabled greater innovation in the Internet of things and sensor networks. Micro batteries are emerging as a competitive power source for embedded systems as their small form factor allows designers to implement wireless sensing capabilities in applications that previously lacked feasibility. By combining energy harvesting with micro batteries, adaptable shaped elements can now be developed. With their minuscule profile, micro batteries are well-suited to power energy harvesting devices.

In the coming years, the micro battery market growth is anticipated to be aided by the proliferation of wireless sensors in various industries and use cases. Overall, advancements in micro battery and wireless sensor technologies have expanded the potential for IoT and sensor-based solutions.

The growing demand for flexible electronic devices and the trend of product miniaturisation are driving increased adoption of thin film, printed, coin/button, and solid-state chip batteries in consumer electronics. As consumer products become thinner and more portable, batteries that can conform to varied form factors are increasingly necessary.

Thin, flexible battery technologies allow electronics to adapt to this changing landscape by providing power in a package that respects constraints of size and shape in portable consumer goods. Continued advancements that yield thinner, lighter, and more capable battery solutions are expected to further bolster the development and proliferation of innovative new electronic products in the forecast period.

The development of innovative and advanced micro battery by key players is likely to aid the market in the coming years. For instance, in February 2024, Ensurge Micropower announced that it had produced the world’s first commercial-scale solid-state lithium micro battery. The new battery is expected to revolutionise the connected sensors, wearables, and hearables sectors and reduce various steps required during package manufacturing.

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Market Breakup by Type, Rechargeability, Capacity, Application, Components, and Region:

• On the basis of the type, the market is divided into thin film battery, printed battery, and solid state chip battery.

• The market is segmented based on rechargeability into primary battery and secondary battery.

• On the basis of the capacity, the market is classified into below 10 mAh, between 10 mAh to 100 mAh, and above 100 mAh.

• The market is segmented based on application into consumer electronics, medical devices, smart packaging, smart cards, wearable devices, and wireless sensor nodes, among others.

• On the basis of the components, the market is bifurcated into electrodes, electrolytes, substrates, current collectors, and others.

• By region, the market can be segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The proliferation of wearable technology, the expansion of the semiconductor industry, and increased private investment in research and development for Internet of Things (IoT) solutions have aided the micro battery market expansion.

• Widespread adoption of devices such as smartwatches and wireless headphones is driving demand for micro batteries that power these compact technologies. Similarly, the development of smaller, low-energy microchips has fuelled the need for micro batteries capable of efficiently energizing shrinking circuitry.

• As both corporations and entrepreneurs allocate more funds towards inventing connected devices and platforms, technical progress is expected to develop innovative applications relying on micro batteries’ portable energy storage. These converging trends bode well for continued market advancement to meet the miniature power needs fostered by the increasingly wireless and sensor-integrated world.

Figure: Global health wearables market

Key Offerings of the Report:

• The EMR report gives an overview of the global micro battery market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, rechargeabilities, capacities, applications, components, and regions of micro battery.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the micro battery market are Cymbet Corporation, Panasonic Corporation, VARTA AG, Seiko Instruments Inc., Maxell, Ltd., Front Edge Technology, Inc, Imprint Energy, Murata Manufacturing Co., Ltd., and Blue Spark Technologies, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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