Product Code: 11730
Key Highlights
The micro battery market generated a value of USD 489.3 million in 2023, which will increase to USD 2,060.2 million, powering at a 23.3% compound annual growth rate, by 2030.
The growth can be attributed to the increasing adoption of wearable devices and improvements in technology like the Internet of Things (IoT) and AI along with robotics and automation.
The rising need for micro batteries across different sectors, including residential, consumer electronics, and automotive is aiding the expansion of the industry.
The rising accessibility and growing acceptance of electronic devices like wearable gadgets, medical monitoring equipment, wireless communication chips, and smart cards are driving the demand.
The arrival as well as the progress of smart wearable devices is a key factor driving the growth of this industry.
Such devices like fitness trackers, health monitoring systems, and smart wearables, need energy-efficient and compact power sources to run while still being visually pleasing and lightweight in nature.
These comprise Li-ion batteries, in particular, offering a win-win situation that combines high-energy density with improved lifecycle as well as a compact size.
With the continuously increasing demand for wearables, the micro battery industry will also continue to advance in the years to come.
Key Insights
APAC is likely to advance at the fastest CAGR, of 25%, in the coming years.
This is primarily because of the rising need for medical devices and the increasing acceptance of wearable devices, with their capability to sync with cloud or mobile and update info in web browsers or apps.
Their suitability as well as ease of data access have also assisted in the increasing use of micro batteries in this region.
North America is the second-largest contributor to the industry. This can be mainly because of the high development in the packaging sector in this continent.
The requirement for such batteries is rising with more interactive displays popping up in packages, as smart labels and RFID tags are utilizing thinner and light film batteries.
The lithium category was the largest contributor to the industry in 2023, with approximately 40% share.
This can be because of its high-energy density among all types of batteries with relatively small and lightweight packaging, which makes it suitable for microelectronics functioning.
The 10-100 mAh category is the largest contributor to the industry.
This is because of their versatile range offering power to different applications, such as remote controls, small electronic devices, IoT sensors, key fobs, and wearables; compact size; balanced energy density; and longer runtime.
The rechargeable micro batteries category will advance at a higher CAGR in the years to come. This is mainly because of some of the consequent profits such as reusability.
Micro batteries are major components of consumer electronics; as a result, this category is the largest contributor to the industry. The requirement for dependable and compact power solutions is increasing around the globe.
The micro battery industry is consolidated in nature. Major companies have been involved in product introductions to enhance their presence in the industry.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by type
- 1.4.2. Market size breakdown, by capacity
- 1.4.3. Market size breakdown, by rechargeability
- 1.4.4. Market size breakdown, by application
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Type (2017-2030)
- 6.3. Market Revenue, by Capacity (2017-2030)
- 6.4. Market Revenue, by Rechargeability (2017-2030)
- 6.5. Market Revenue, by Application (2017-2030)
- 6.6. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Type (2017-2030)
- 7.3. Market Revenue, by Capacity (2017-2030)
- 7.4. Market Revenue, by Rechargeability (2017-2030)
- 7.5. Market Revenue, by Application (2017-2030)
- 7.6. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Type (2017-2030)
- 8.3. Market Revenue, by Capacity (2017-2030)
- 8.4. Market Revenue, by Rechargeability (2017-2030)
- 8.5. Market Revenue, by Application (2017-2030)
- 8.6. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Type (2017-2030)
- 9.3. Market Revenue, by Capacity (2017-2030)
- 9.4. Market Revenue, by Rechargeability (2017-2030)
- 9.5. Market Revenue, by Application (2017-2030)
- 9.6. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Type (2017-2030)
- 10.3. Market Revenue, by Capacity (2017-2030)
- 10.4. Market Revenue, by Rechargeability (2017-2030)
- 10.5. Market Revenue, by Application (2017-2030)
- 10.6. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Type (2017-2030)
- 11.3. Market Revenue, by Capacity (2017-2030)
- 11.4. Market Revenue, by Rechargeability (2017-2030)
- 11.5. Market Revenue, by Application (2017-2030)
- 11.6. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Type (2017-2030)
- 12.3. Market Revenue, by Capacity (2017-2030)
- 12.4. Market Revenue, by Rechargeability (2017-2030)
- 12.5. Market Revenue, by Application (2017-2030)
- 12.6. Market Revenue, by End User (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Type (2017-2030)
- 13.3. Market Revenue, by Capacity (2017-2030)
- 13.4. Market Revenue, by Rechargeability (2017-2030)
- 13.5. Market Revenue, by Application (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Type (2017-2030)
- 14.3. Market Revenue, by Capacity (2017-2030)
- 14.4. Market Revenue, by Rechargeability (2017-2030)
- 14.5. Market Revenue, by Application (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Type (2017-2030)
- 15.3. Market Revenue, by Capacity (2017-2030)
- 15.4. Market Revenue, by Rechargeability (2017-2030)
- 15.5. Market Revenue, by Application (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Type (2017-2030)
- 16.3. Market Revenue, by Capacity (2017-2030)
- 16.4. Market Revenue, by Rechargeability (2017-2030)
- 16.5. Market Revenue, by Application (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Type (2017-2030)
- 17.3. Market Revenue, by Capacity (2017-2030)
- 17.4. Market Revenue, by Rechargeability (2017-2030)
- 17.5. Market Revenue, by Application (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Type (2017-2030)
- 18.3. Market Revenue, by Capacity (2017-2030)
- 18.4. Market Revenue, by Rechargeability (2017-2030)
- 18.5. Market Revenue, by Application (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Type (2017-2030)
- 19.3. Market Revenue, by Capacity (2017-2030)
- 19.4. Market Revenue, by Rechargeability (2017-2030)
- 19.5. Market Revenue, by Application (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Type (2017-2030)
- 20.3. Market Revenue, by Capacity (2017-2030)
- 20.4. Market Revenue, by Rechargeability (2017-2030)
- 20.5. Market Revenue, by Application (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Type (2017-2030)
- 21.3. Market Revenue, by Capacity (2017-2030)
- 21.4. Market Revenue, by Rechargeability (2017-2030)
- 21.5. Market Revenue, by Application (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Type (2017-2030)
- 22.3. Market Revenue, by Capacity (2017-2030)
- 22.4. Market Revenue, by Rechargeability (2017-2030)
- 22.5. Market Revenue, by Application (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Type (2017-2030)
- 23.3. Market Revenue, by Capacity (2017-2030)
- 23.4. Market Revenue, by Rechargeability (2017-2030)
- 23.5. Market Revenue, by Application (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Type (2017-2030)
- 24.3. Market Revenue, by Capacity (2017-2030)
- 24.4. Market Revenue, by Rechargeability (2017-2030)
- 24.5. Market Revenue, by Application (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Type (2017-2030)
- 25.3. Market Revenue, by Capacity (2017-2030)
- 25.4. Market Revenue, by Rechargeability (2017-2030)
- 25.5. Market Revenue, by Application (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Type (2017-2030)
- 26.3. Market Revenue, by Capacity (2017-2030)
- 26.4. Market Revenue, by Rechargeability (2017-2030)
- 26.5. Market Revenue, by Application (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Type (2017-2030)
- 27.3. Market Revenue, by Capacity (2017-2030)
- 27.4. Market Revenue, by Rechargeability (2017-2030)
- 27.5. Market Revenue, by Application (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Type (2017-2030)
- 28.3. Market Revenue, by Capacity (2017-2030)
- 28.4. Market Revenue, by Rechargeability (2017-2030)
- 28.5. Market Revenue, by Application (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Panasonic Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. VARTA AG
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Murata Manufacturing Co. Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Ultralife Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Koch Industries Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Energizer Holdings Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Seiko Instruments Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. The Swatch Group Ltd.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Maxell Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Berkshire Hathaway Inc.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Toshiba Lifestyle Products & Services Corporation
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. GP Batteries International Limited
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
- 30.13. TDK Corporation
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
- 30.14. Shenzhen Grepow Battery Co. Ltd.
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.14.3. Key financial summary
- 30.15. Duracell Inc.
- 30.15.1. Business overview
- 30.15.2. Product and service offerings
- 30.15.3. Key financial summary
- 30.16. Enfucell
- 30.16.1. Business overview
- 30.16.2. Product and service offerings
- 30.16.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports