Global Micro Battery Market was valued US$ XX Mn in 2018 and is expected to reach US$ 645.3 Mn by 2026, at a CAGR of around XX % during a forecast period.
Increasing adoption of wearable devices, growing adoption of internet of things (IoT) in medical devices, and surging use of compact batteries in the healthcare sector are the key factors driving the growth of the market across the globe. However, the technical inabilities of micro battery in terms of energy density and capacity, and lack of standardization in the development of these batteries are major factors limiting the micro battery market’s growth.
The trend of using smart technologies and smart user-friendly products encourages the growth of micro-batteries worldwide. Additionally, Technology advancements in smart packaging, 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 driving the Industry growth of micro-batteries over the 2019-2026.
The report covers all the trends and technologies playing a major role in the growth of the micro battery market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence market growth during this period.
The printed battery segment is expected to witness significant growth during the forecast period. Printed batteries are a novel type of micro-batteries. They are typically built from zinc-based materials. Benefits such as thin size, small form factor, and ability to be disposed of easily have made printed batteries popular in the smart packaging and medical application markets.
Region-wise, the Asia Pacific is expected to hold the biggest share in the market for a micro battery. The market development of micro-batteries in the APAC area is being fueled by advances in intelligent packaging technology and the use of medical devices, mostly pacemakers, medicines distribution systems and medical patches that require light-weight, flexible and secure energy.
The report covers a recent development in micro battery market like, In December 2018, ITEN announced that they had introduced the production of solid-state micro batteries at their facility situated in Lyon, France. The facility will be able to offer the capacity of 10 million components annually and is expected to increase by fivefold within the first few months.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Micro Battery Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Micro Battery Market.
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Scope of the Global Micro Battery Market
Global Micro Battery Market, by Type
• Thin Film Battery
• Printed Battery
• Solid State Chip Battery
Global Micro Battery Market, by Rechargeability
• Primary Battery
• Secondary Battery
Global Micro Battery Market, by Capacity
• Below 10 mAh
• Between 10 mAh & 100 mAh
• Above 100 mAh
Global Micro Battery Market, by Industry
• Consumer Electronics
• Medical Devices
• Smart Packaging
• Smart Cards
• Wearable Devices
• Wireless Sensor Nodes
Global Micro Battery Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Micro Battery Market
• Samsung SDI
• Front Edge Technology
• Power Paper
• Imprint Energy
• Blue Spark Technologies
• Energy Diagnostics Limited
• Prologium Technology Co., Ltd.
• Polyplus Battery
• Iten SA
• Guangzhou Fullriver Battery
• NEC Energy Solutions
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