Home > Energy & Power > Battery Technology > Stationary Battery Storage > Micro Battery Market

Micro Battery Market Trends

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

Micro Battery Market Trends

The market has been witnessing a trend toward miniaturization and higher energy density. As electronic devices become smaller and more power-hungry, the demand for micro batteries with increased energy storage capacity in compact sizes has surged. Manufacturers are innovating to meet these demands, developing batteries that are smaller and capable of delivering longer-lasting power for applications including wearables, IoT sensors, and medical implants. The Internet of Things (IoT) revolution has significantly impacted the market. IoT devices, which range from smart thermostats to industrial sensors, require compact, long-lasting power sources. Micro batteries are essential in meeting these needs, driving innovations in battery technology to ensure reliable & enduring power for IoT deployments.
 

In the medical field, micro batteries are used in several applications including implantable devices, such as pacemakers and sensors, for monitoring vital signs. Battery safety, long life, and biocompatibility are crucial factors in this sector. Ongoing trends involve the development of smaller and more efficient batteries for medical devices, allowing patients to enjoy longer periods between battery replacements or recharging. Wearable technology, such as smartwatches and fitness trackers, depends on micro batteries. Consumers prefer small & lightweight devices capable of powering complex features. Manufacturers have responded by developing micro batteries that offer longer lifespans and quicker recharging times, enhancing user convenience.

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.

Micro Battery Market Scope

Buy Now


Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 471
  • Countries covered: 21
  • Pages: 220
 Download Free Sample