Press release
Micro Battery Market Outlook by 2027: Industry Trends, Future of Micro Batteries
Micro Battery Market Outlook - 2026Micro battery is known as thin -film battery, a combination of two or more electrochemical cells. These cells can convert chemical energy into an electrical energy. It is a small single cell battery made up of metal components to protect the body from wire or circuit breakage. This light weighted, flexible, and compact battery provides several benefits such as customization services to customers by fitting into any product according to its convenience, shapes, and sizes without any loss of efficiency.
Growth in application of micro battery in residential, commercial, automotive, consumer electronics, and others is expected to fuel the growth of the micro battery market during the forecast period. High increase in adoption of wearable devices, smart cards, medical devices, and wireless communication sensors also contribute to the market growth. Moreover, micro battery stores are renewable sources of energy that makes the power supply smooth, and predictable. Hence, increase in complexity from conventional battery technologies influences people to shift toward advanced and energy-efficient solutions batteries, which boost the demand for the micro battery market across the world.
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Factors such as increase in need for condensed batteries in medical devices, rise in adoption of smart wearable devices, and surge in demand for thin batteries in IoT devices are the major key drivers for the market. However, high initial cost and lack of standardized infrastructure restrict the micro battery market growth. Furthermore, upsurge in adoption of wireless sensors across various industry verticals provide lucrative opportunities to the market to flourish.
The micro battery market is segmented into five categories by type, capacity, application, end-use, and region. Based on type, the market is classified into thin film battery, printed battery, and solid state chip battery. Based on capacity, it is categorized into 10 mAh, between 10 mAh-100 mAh and 100 mAh. Based on application, the market is analyzed into medical devices, smart cards, wearable devices, wireless sensors, and others. Based on end-use, the market is divided into healthcare, consumer electronics, automotive, robotics, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Key players operating in the micro battery industry are Blue Spark Technologies, STMicroelectronics, Cymbet Corporation, Samsung SDI, Power Paper, Panasonic Corporation, Front Edge Technology, Inc., Imprint Energy, Inc., NEC Energy Solutions and Prologium Technology Co., Ltd. These players focus on R&D, and advancements of electronic devices and have adopted collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the micro battery market and develop new products for enhancing product portfolio.
For instance, VARTA Microbattery GmbH, a Germany-based company, is a global manufacturer of micro batteries that recently launched micro battery called "hearing aid batteries" for the entertainment sector. In addition, Murata Manufacturing Company, a Japan-based company, the innovator of electronics components. It provides enormous varieties of micro batteries with high performance and reliability, released new coin lithium batteries "HIGH DRAIN" and "EXTENDED TEMPERATURE" for IoT devices. Furthermore, button/coin cell is also one of the examples used to power the small electronic portable devices such as pocket calculators, wrist watches, and others.
KEY BENEFITS FOR STAKEHOLDERS:
o This study includes the analytical depiction of the global micro battery market along with the current trends and future estimations to determine the imminent investment pockets.
o The report presents information regarding the key drivers, restraints, and opportunities.
o The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
o Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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KEY MARKET SEGMENTS:
By Type
o Thin Film Battery
o Printed Battery
o Solid State Chip Battery
By Capacity
o 10 mAh
o Between 10 mAh - 100 mAh
o 100 mAh
By Application
o Medical Devices
o Smart Cards
o Wearable Devices
o Wireless Sensors
o Others
By End Use
o Healthcare
o Consumer Electronics
o Automotive
o Robotics
o Others
By Region
o North America
o Europe
o Asia-Pacific
o LAMEA
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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