DUBLIN, July 23, 2021 /PRNewswire/ -- The "Micro Battery Market with COVID-19 Impact Analysis by Type (Thin-film, Printed, Solid-state Chip, Button Battery), Capacity, Rechargeability, Application (Medical Devices, Consumer Electronics, Smart Packaging) and Geography - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global micro battery market size is estimated at USD 326 million in 2021. It is projected to reach USD 842 million by 2026; it is expected to grow at a CAGR of 20.9% from 2021 to 2026.
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.
The market for solid-state chip batteries to witness high-growth potential during the forecast period.
The market for solid-state chip batteries is expected to grow at a significant rate between 2021 and 2026. These batteries possess superior safety, longer lifespan, and high reliability as it uses non-flammable, stable, and solid electrolyte materials instead of a liquid. This eliminates the risk of fire and leakage. Lithium-ion batteries that have high energy density are commonly used today in electronic devices such as electric bikes, drones, and communication devices. However, as these batteries are made up of a flammable, organic solvent electrolyte, they carry a risk of leakage and fire. This has created a need for safer power and more reliable solid-state batteries containing non-flammable and safe electrolyte materials among the IoT device makers. This is expected to drive the demand for solid-state chip batteries over the forecast period.
The micro battery market for consumer electronics to grow at highest CAGR during the forecast period.
The micro battery market for consumer electronics is expected to grow at the highest CAGR between 2021 and 2026. The consumer electronics industry is now moving toward the development of miniaturized electronic devices with flexible, thin, and large-area form factors. Wearable devices such as smartwatches, fitness bands, wrist straps, smart glasses, and smart rings, and bracelets require ultra-thin batteries to comply with the flexibility of the device. Conventional batteries may fulfill the energy requirements of wearable products, but they face problems in terms of flexibility, weight, and thickness. Wearable devices require an ultra-thin power source to comply with their design and flexibility. Due to these requirements, micro batteries are increasingly being used in these devices.
APAC to be the largest market for micro batteries during the forecast period.
The APAC region is estimated to account for the largest share of the overall micro battery market. 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 fueling the growth of micro batteries in the APAC region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in Global Micro Battery Market
4.2 Micro Battery Market, by Type
4.3 Micro Battery Market, by Rechargeability
4.4 Micro Battery Market, by Capacity and Country
4.5 Micro Battery Market, by Application
4.6 Micro Battery Market, by Country, 2021
5 Market Overview
5.2 Market Dynamics
18.104.22.168 Use of Printed Flexible Batteries in Medical Devices to Treat COVID-19 Patients
22.214.171.124 Advantages Offered by Micro Batteries Over Traditional Batteries
126.96.36.199 Increasing Use of Micro Batteries in Medical and Electronic Devices
188.8.131.52 Growing Adoption of Wearable Devices
184.108.40.206 Demand for Thin and Flexible Batteries in IoT Applications
220.127.116.11 High Investments Required for Developing Micro Batteries
18.104.22.168 Technical Inabilities of Micro Batteries
22.214.171.124 Lack of Standardization for Development of Micro Batteries
126.96.36.199 Integration of Micro Batteries in Smart Textiles
188.8.131.52 Rising Adoption of Wireless Sensors Equipped with Micro Batteries
184.108.40.206 Complexities in Fabrication
5.3 Value Chain Analysis
5.5 Yc-Ycc Shift
5.6 Porter's Five Forces Analysis
5.7 Case Studies
5.8 Technology Analysis
5.9 Pricing Analysis
5.10 Trade Analysis
5.11 Patents Analysis
5.12 Tariff Regulatory Landscape
6 Components of Micro Battery
6.5 Current Collectors
7 Micro Battery Market, by Type
7.2 Thin-Film Battery
7.2.1 Applications of Thin-Film Batteries in Medical Devices to Grow at Significant Rate
7.3 Printed Battery
7.3.1 Printed Batteries are Mostly Primary Batteries Composed of Non-Toxic Components
7.4 Solid-State Chip Battery
7.4.1 Solid-State Chip Battery Market to Grow at Highest Rate
7.5 Button Battery
7.5.1 Button Batteries Accounted for Largest Share of Overall Micro Battery Market in 2020
8 Micro Battery Market, by Rechargeability
8.2 Primary Battery
8.2.1 Primary Batteries are Prominently Used in Devices Wherein Charging is Impractical
8.3 Secondary Battery
8.3.1 Demand for Secondary Micro Batteries is Increasing Owing to Their Longer Lifespan, High-Energy Density, and Low Environmental Impact
9 Micro Battery Market, by Capacity
9.2 Below 10 Mah
9.2.1 Micro Batteries Below 10 Mah are Likely to Gain Adoption in Medical Devices, Smart Cards, and Rfid Tags
9.3 Between 10 Mah and 100 Mah
9.3.1 Micro Batteries with Capacity Between 10 Mah and 100 Mah are Expected to Gain Demand for Consumer Electronics and Energy Harvesting Applications
9.4 Above 100 Mah
9.4.1 Micro Batteries with Capacity Range Above 100 Mah are Used in High-Power Applications
10 Micro Battery Market, by Application
10.2 Consumer Electronics
10.2.1 Micro Batteries for Consumer Electronics Applications are in Initial Stage of Commercialization
10.3 Medical Devices
10.3.1 Medical Devices are Among Most Popular Applications of Flexible Batteries
10.4 Smart Packaging
10.4.1 Smart Packaging Application Holds Significant Share in Overall Micro Battery Market
10.5 Smart Cards
10.5.1 Smart Cards are Among Major Application Areas of Micro Batteries
10.6 Wireless Sensor Nodes
10.6.1 Wireless Sensor Nodes Have Limited Internal Space, Thus Micro Battery is a Preferred Power Source
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
13.1 Key Players
13.1.2 Enfucell Oy
13.1.3 Ultralife Corporation
13.1.4 Blue Spark Technologies
13.1.5 Tdk Corporation
13.1.6 Panasonic Corporation
13.1.7 Murata Manufacturing Co., Ltd.
13.1.8 Varta Ag
13.1.9 Molex LLC
13.1.10 Front Edge Technology
13.1.11 Shenzhen Grepow Battery Co., Ltd.
13.1.12 Renata Sa
13.1.13 Maxell Holdings, Ltd.
13.1.14 Duracell Inc.
13.1.15 Seiko Instruments Inc.
13.2 Other Companies
13.2.1 Brightvolt Inc.
13.2.2 Power Paper Ltd.
13.2.3 Imprint Energy Inc.
13.2.4 Energy Diagnostics Limited
13.2.5 Jenax Inc.
13.2.6 Iten Sa
13.2.7 Guangzhou Fullriver Battery New Technology Co., Ltd.
13.2.8 Prologium Technology Co., Ltd.
13.2.9 Excellatron Solid State, LLC
13.2.10 Gmb Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/a7bp3e
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