Market Overview
In 2021, the global Micro Battery Market was projected to generate a market value of USD 326 million and is further anticipated to acquire more than 842 million during the analysis period of 2026. However, the worldwide market has been registered to account for a CAGR of 20.9% during the forecast timeframe.
The global Micro Battery Market is expanding on a large scale because of several important factors such as growth in wearable devices, inherent benefits of solid-state micro-batteries, and rising requirements for compact batteries in medical devices.
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Moreover, the new product launches and increasing research and developmental activities among the prominent market players are projected to bring lucrative opportunities for the Micro Battery Market during the assessment period. In addition, the integration of micro-batteries in smart textiles is expected to bring significant opportunities for the global market.
Market segmentation
As per the global Micro Battery Market analysis, the current market has been segmented based on types, application, rechargeability and capacity.
On the basis of type segment, the global market for Micro batteries has been categorized into thin-film batteries, button batteries, solid-state chip batteries, and printed batteries. Based on the application segment, the worldwide market for Micro batteries has been segmented into medical devices, consumer electronics, wireless sensor nodes, smart cards, smart packaging, and others.
In terms of the rechargeability segment, the current market for Micro batteries has been segmented into secondary batteries and primary batteries. Depending on the capacity segment, the market for Micro Battery has been classified into above 100 mAh, between 10 mAh & 100 mAh, and below 10 mAh.
Regional analysis
Geographically, the worldwide Micro Battery Market has been spread into various locations, including Europe, North America, Asia-Pacific, South America, and the rest of the World.
Among all, the Asia Pacific regional market for Micro Battery was projected to hold the largest market share in the past few years. In the year 2021, this region is estimated to acquire a market value of USD 27.4 billion due to the rising demand for wearable devices and mobile medical monitoring devices among the population. The popularity of the Micro Battery has increased among the Asian people in recent years due to updating the information in web browsers or apps and the advancement of smart devices to sync with the cloud or mobile. Moreover, the Asia Pacific region is growing the demand for Micro batteries because it is easy and convenient to use and access the data.
In the European market for Micro batteries, the countries like Germany have contributed extensive growth to the regional market due to the rising usage of electrical equipment among the population. Moreover, there are several factors that are contributing to the regional market for Micro Battery, which includes rising consumers’ preference for smart labels and smart packaging, the smart packaging industries preference for flexible batteries, higher income of the population, high adoption of smart technologies and wearable devices, growing advancement in technologies and changing lifestyles.
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Industry News
The Sony FX6 micro battery slide pro was recently unveiled by the market player Anton Bauer. It is projected to be available in two configurations such as V-Mount, and Gold-Mount.
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