Micro Battery Market by Type, Rechargeability, Capacity, Industry and Geography - Forecast to 2025

The overall micro battery market is estimated to grow from USD 128 million in 2019 to USD 631 million by 2025, at a CAGR of 30.4% between 2019 and 2025. The growth of this market will be propelled by growth in the adoption of wearable devices, inherent advantages of micro batteries, need for compact batteries in medical devices, and increasing demand for thin and flexible batteries in IoT devices.

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Micro Battery Market, by Type

• Thin Film Battery
•  Printed Battery
•  Solid State Chip Battery

Micro Battery Market, by Rechargeability

• Primary Battery
• Secondary Battery

Micro Battery Market, by Capacity

• Below 10 mAh
• Between 10 mAh & 100 mAh
• Above 100 mAh

Micro Battery Market, by Industry

• Consumer Electronics
• Medical Devices
• Smart Packaging
• Smart Cards
• Wearable Devices
• Wireless Sensor Nodes
• Others (Energy Harvesting, Display, and Smart Textile)

Geographic Analysis

• North America (US, Canada, and Mexico)
• Europe (UK, Germany, France, and Rest of Europe)
• Asia Pacific (China, Japan, India, and Rest of APAC)
• Rest of the World (South America, Middle East, and Africa)

APAC accounts for largest market size during forecast period

APAC held the largest share of the micro battery market in 2018, followed by North America and Europe. 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 market growth of micro batteries in the APAC region.

Cymbet Corporation (US), STMicroelectronics N.V. (Switzerland), Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), BrightVolt Inc. (US), Power Paper Ltd. (Israel), ProLogium Technology Co., Ltd. (Taiwan), Front Edge Technology, Inc. (US), PolyPlus Battery Co. Inc. (US), Panasonic Corporation (Japan), TDK Corporation (Japan), Blue Spark Technologies, Inc. (US), NEC Energy Solutions Inc. (US), Jenax Inc. (South Korea), Ultralife Corporation (US), and Molex (US) are some of the major players operating in this market.

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