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Micro Battery Market Share

Report ID: GMI6978
Published Date: Oct 2023
Report Format: PDF

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Micro Battery Market Share

The players in the micro battery industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market. Some major players operating in the micro battery industry are mentioned below,

Cymbet Corporation
Maxell Holdings, Ltd.
Murata Manufacturing Co., Ltd.
Panasonic Corporation
TDK Electronics AG
Ultralife Corporation
VARTA AG

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The micro battery industry was valued at over USD 600 million in 2022 and is anticipated to grow at a CAGR of over 20% between 2023 and 2032, owing to the growing product adoption in medical devices.

The medical devices segment is expected to witness healthy growth rate of over 22% between 2023 to 2032, owing to the increasing adoption of miniaturized and wearable medical devices that demand compact & long-lasting power sources.

Asia Pacific dominated the global micro battery industry with a share of over 30% in 2022 as the region is a hub for the manufacturing of electronic devices, wearables, and IoT products, which increasingly require compact and long-lasting power sources.

Cymbet Corporation, Maxell Holdings, Ltd., Murata Manufacturing Co., Ltd., Panasonic Corporation, TDK Electronics AG, Ultralife Corporation, and VARTA AG.