The Global Micro Battery Market size was valued at USD 326 billion in 2022 and is projected to reach USD 1488.09 billion by 2030, growing at a CAGR of 20.90% from 2023 to 2030.

Micro Battery Market Overview:

The micro battery market is expected to grow at a very good rate and value during the forecast period. Because non-flammable solid electrolyte materials are used instead of liquid electrolytes, Micro batteries have the most modern features such as improved safety, long life, and high reliability. As a result, manufacturers have started to include these batteries in various technological innovations. The use of a solid electrolyte minimizes the possibility of fire and leaks. All of these reasons have contributed to the recent expansion of the global micro-battery market.

Several wealthy countries are aggressively pursuing the use of renewable energy sources for electricity generation as well as for commercial or industrial purposes. Solar energy is increasingly being used to generate electricity in countries across Europe, Asia, and North America. It is increasingly being used to monitor electrical energy use in these countries. Smart meters can record how much electricity a factory or home consumes and send the information to the electricity provider for billing purposes. Growing demand for smart meters is more likely to boost the micro battery market growth as the batteries are commonly used to power these smart meters.

Micro Battery Market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Micro Battery Market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In June 2021, VARTA has partnered with Allgau Batterie, a Bavarian-based service provider operating in the battery charging industry, to expand its lithium-ion battery offering. The company also announced that the partnership will help provide battery solutions for a wide range of applications without lengthy design times.
• In March 2020, Enfucell launched a wearable temperature tag. This tag combines NFC, an intelligent temperature sensor, and SoftBattery (printed paper battery). The company also announced that the wearable body temperature tag could be attached to a person's armpit or secured to the arm. After activation via the mobile app, users can set the time interval to record the temperature according to different needs. The tag can accurately record temperature data and read real-time location information, allowing administrators to accurately monitor targets.

Major Market Segments Covered in Micro Battery Market Industry Research:

• Blue Spark Technologies
• STMicroelectronics
• Cymbet Corporation
• Samsung SDI
• Power Paper
• Panasonic Corporation
• Front Edge Technology Inc.
• Imprint Energy Inc.
• NEC Energy Solutions
• Prologium Technology Co. Ltd.

Key Vendors:
1.Blue Spark Technologies: It is dedicated to pioneering continuous vital sign monitoring solutions that improve patient care, reduce readmissions, and optimize hospital reimbursement.As an FDA Cleared Class-II, EU-Cleared Class II, and HIPAA-compliant, medical device, it can upload real-time data to the TempTraq Connect platform, which integrates seamlessly into a hospital’s central monitoring station or can be accessed in outpatient settings via Apple® or Android™ compatible mobile devices. Through continuous monitoring, TempTraq improves the way healthcare professionals monitor for fever, providing a simple, effective way to elevate the standard of care delivered in the clinical environment.

2.STMicroelectronics: It is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST’s products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices. By getting more from technology to get more from life, ST stands for life.augmented.

3.Cymbet Corporation:It is a leader in thin-film, solid-state storage devices and energy harvesting technology. The company is the first to market a surface mount packaged energy storage solution that designers can use to realize new embedded systems capabilities. Cymbet’s EnerChip™ thin-film devices enable innovative energy storage applications for integrated circuits and new products for process control, medical, wireless, sensors, RFID, communications, consumer, portable electronics and energy harvesting.

4.Panasonic Corporation: Panasonic Group is committed to enhancing the well-being of people and society and conducts its businesses based on founding principles applied to generate new value and offer sustainable solutions for today’s world.Devoted to improving the well-being of people, the Panasonic Group is united in providing superior products and services to help you Live Your Best.

5.Imprint Energy Inc.: Imprint Energy is commercializing a breakthrough low cost, flexible, rechargeable battery technology developed by the founders from the University of California, Berkeley. Imprint Energy’s exclusive high conductivity polymer electrolyte technology enables scalable print-based manufacturing of energy dense and ultra-thin batteries based on non-Lithium earth-abundant materials. The company aims to improve portable power by offering the performance of lithium-based batteries at significantly lower costs and by removing form factor limitations and safety concerns. Imprint Energy will utilize its unique battery technology to address the energy needs of today's and tomorrow's electronic devices.


By Material

• Silver oxide
• Alkaline
• Lithium

During the period covered by the forecast, the lithium segment brought in a lot more money than the other segments did. Lithium batteries are used in a wide range of consumer electronics because they have low discharge rates and store a lot of energy in a small amount of space.

By Type

• Rechargeable
• Non-rechargeable

It is expected that the non-rechargeable part of the market will have the largest share. Micro batteries that don't need to be recharged are cheaper because they last longer. The market for rechargeable batteries is expected to grow faster than the market for non-rechargeable batteries. As the number of smart watches, wearables, medical devices, and other consumer gadgets goes up, so will the need for rechargeable micro batteries..

By Application

• Smart cards
• Wireless sensors
• Wearable devices
• Medical devices
• Other

The smart cards industry has taken a large share of the market's income. Smart cards are being used more and more in a wide range of industries. This is because they are safer, easier to use, and can be automated, among other things. During the time frame of the projection, the medical devices sector is expected to grow much faster than the other sectors. This is because IoT is being used more and more in medical devices, and innovations are being made in the field of diagnostic medical devices.

By End-User

• Robotics
• Automotive
• Healthcare
• Consumer electronics
• Others

The consumer electronics segment is likely to be the most important part of the market and bring in the most money. Every year, consumer electronics get smaller. This has made it more important to find efficient power sources that are also small. Micro batteries are now an important part of the industry for consumer electronics. Wearable medical devices and other small medical devices are becoming more popular in the health care industry. Because of these technological changes in the healthcare sector, the healthcare segment is likely to grow faster than any other segment.

By Region:

North America is expected to be the leading market in terms of market share between 2021 and 2026. The presence of major players in the electronics and medical device industries in the region is evident in this region.

Asia Pacific is predicted to witness the fastest growth rate of any other region. Growing consumer electronics industry in the region as manufacturers increase and the demand for home appliances in the region increases. The increase in per capita income has increased the spending power of consumers in the region. The tech savvy young adult population in the region is also expected to positively impact the growth of the micro battery market in the region.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Driver:

The Internet of Things (IoT) provides network connectivity with the help of physical objects that utilize software and sensors to pass data and exchange data with other connected devices. With the decreasing power requirements of semiconductor and IoT applications that are experiencing rapid growth, many players are looking for flexible form factors to power distributed electronic devices. Applications such as smart cards, sensors, wireless sensor nodes, smart labels, RFID tags, and packaging require flexibility and thinness to efficiently exchange data. IoT uses traditional batteries to power the network. However, in many applications, sensor performance suffers due to the size of the battery built into the device. A thin, flexible battery, on the other hand, harvests the device's energy to serve it. This battery provides continuous power to the sensor, giving the sensor a longer storage time. As a result, the use of thin and flexible batteries in IoT is expected to increase, and accordingly, the micro-battery market is expected to be activated.

Restraint:

While micro batteries have unique advantages that allow them to outperform conventional batteries in many applications, they also have several drawbacks that are expected to limit their adoption in some applications. Because these batteries are smaller, they consume more power and require frequent charging for long-term use. This limits the potential applications of micro batteries. Their size also determines their power capacity. Therefore, micro batteries have low energy density. Although they offer a variety of features and specifications, ultra-small batteries cannot deliver a high power, unlike conventional batteries.

Opportunity:

Smart textiles, also known as e-textiles, are printed fabrics that sense physiological parameters such as blood pressure, heart rate, and body temperature and regulate the temperature of clothing accordingly. This fabric is gaining popularity in the fitness and sports industry. A new generation of smart textiles can sense, respond to and adapt to different environmental conditions. Flexible sensors and other components, such as microcontrollers and control units, are embedded in smart textiles to monitor and detect various environmental conditions. Smart textiles, therefore, require ultra-thin printed battery solutions to power these integrated sensor devices. The growing popularity of smart textiles has created a demand for printed battery solutions.

Challenge:

Thin-film batteries have several unique features such as high flexibility, lightweight, easy portability, higher power retention capacity, and superior energy density. However, manufacturing these batteries is more challenging than conventional rechargeable lithium-ion batteries. In the process of manufacturing thin-film lithium-ion batteries, it is essential to optimally match key components such as nanostructured electrode materials, shape-conforming solid electrolytes, and flexible current collectors. This allows the battery to maintain stable electrochemical performance even when it deforms to suit the power supply. However, the manufacturing process for these batteries is expensive. It also requires complex screening of solid electrolytes, flexible current collectors, electrode materials, and entire lithium-ion battery cell assemblies. Thus, the complexity of manufacturing thin-film lithium-ion batteries acts as a key challenge for market growth.

Scope of report :