Market Analysis
Market Research Future (MRFR) presumes the global micro battery market size to reach USD 1.47 billion at 26.7% CAGR during the forecast period.
Growing demand for smart meters
Several developed countries are actively engaged in the use of renewable energy sources for power generation and other commercial or industrial purposes. Solar energy is increasingly being used for power generation in areas such as Europe, Asia Pacific, and North America. Smart meters are increasingly being used in these countries to monitor their electrical energy use. Smart meters are capable of recording the electrical energy consumed by a business or a household and transmitting the data to the electrical supplier for billing purposes.
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COVID-19 Impact on the Global Market
The pandemic has caused a tremendous economic shock all across the world. Many industries have reduced their production units due to a lack of staff, causing significant disruption in the supply chain. In the micro battery market, due to the prolonged lockdown, a few end users such as electronics, smart cards, and printed, electronic devices smart textile manufacturers have curtailed their manufacturing capacity.
The pandemic has caused a tremendous economic shock all across the world. Many industries have reduced their production units due to a lack of staff, causing a major disruption in the supply chain. In the micro battery market, due to the prolonged lockdown, a few end users such as electronics, smart cards, and printed, electronic devices smart textile manufacturers have curtailed their manufacturing capacity.
Market Segmentation
The global micro battery industry has been segmented into component, type, product, capacity, and application.
By component, the global micro battery industry has been segmented into Electrodes, Electrolytes, Substrates, Current Collectors, and others.
By type, the global micro battery market has been segmented into Thin Film Battery, Printed Battery, Solid State Chip Battery.
By product, the global micro battery market has been segmented into (Primary Battery and Secondary Battery),
By capacity, the global micro battery industry has been segmented into Below 10 mAh, Between 10 mAh to 100 mAh, and Above 100 mAh.
By application, the global micro battery market has been segmented into Consumer Electronics, Medical Devices, Smart Packaging, Smart Cards, Wearable Devices, and others.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Type Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Rivalry
5.6 Value Chain/Supply Chain Analysis
Regional Analysis
APAC to Dominate the Global Market
The Asia Pacific has the biggest market share in the micro battery sector. Mobile medical monitoring devices and wearable devices are in high demand in the region. In 2021, the value is estimated to exceed USD 27.4 billion. Smart gadgets’ ability to sync with mobile or cloud services and update information in apps or web browsers has increased their popularity in recent years. Micro battery expansion in the Asia Pacific has been fueled by their convenience and easy access to data.
Key Players
Notable players in the global micro battery market are Cymbet Corporation (US), STMicroelectronics N.V. (Switzerland), Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), BrightVolt Inc. (US), ProLogium Technology Co., Ltd. (Taiwan), Front Edge Technology, Inc. (US), Panasonic Corporation (Japan), Imprint Energy (California), Ultralife Corporation (US), Blue Spark Technologies (US), and Jenax (South Korea).
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