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The market for micro batteries was valued at USD 326 million in 2022 and is anticipated to reach USD 842 million by 2030, growing at a CAGR of 21.9%.
During the anticipated timeframe, the Micro Battery Market is anticipated to expand both at a very good rate and in value. The Micro batteries contain the most up-to-date features, such as increased safety, longer life, and higher reliability, because they use non-flammable and solid electrolyte materials rather than liquid electrolytes. As a result, producers have started utilising these batteries in a number of cutting-edge technological developments. Leaks and fires are less likely when solid electrolytes are used. The recent growth of the worldwide micro battery market has been influenced by all of these factors.
The use of renewable energy sources for power generation as well as for industrial or commercial applications is being intensively pursued by a number of wealthy nations. Electricity is progressively being produced using solar energy in nations throughout Europe, Asia, and North America. In these nations, their use to track electrical energy use is on the rise. Smart metres have the ability to track how much electricity is used in a factory or a home and transmit that data to the electrical supplier for billing purposes. Given that batteries are frequently used to power these smart metres, the growing demand for smart metres is more likely to boost the growth of the micro battery industry. Technology and smart device advances will likely drive significant growth in the Micro Battery Market throughout the forecast period. They have already been implemented into smart cards, medical monitoring devices, automobiles, wearable technology, and communication sensors. Additionally, the power supply is not affected by their ability to adapt to different energy sources, including renewable energy sources. However, the complicated nature of conventional batteries and the leaking problem encourage manufacturers to adopt cutting-edge technology.
The use of renewable energy sources for power generation and other commercial or industrial activity is actively pursued by a number of developed nations. In nations like Europe, Asia-Pacific, and Northern America, the use of solar energy for electricity generation is fast expanding. Smart metres are being used more frequently in these nations to track electrical energy usage. Smart metres have the capacity to track the electrical energy used by a business or a home and send the information to the electrical supplier for future billing purposes. The rising demand for smart metres is more likely to fuel the growth of the micro battery market because micro Batteries are frequently used to power these smart metres.
Comparatively speaking, microbatteries cost more since they require more technical integration to provide higher energy efficiency. It should be possible to integrate the device with thin-film batteries while maintaining enough device power conditioning. The procedure could, however, lower energy efficiency as a whole. Such difficulties place heavy restrictions on the development of the micro batteries market. Thin-film batteries are renowned for being more durable than traditional batteries, although voltage excursions can cause irreparable damage to them. These elements are regarded as the main market restriction.
Even in their distorted state, thin-film lithium-ion batteries continue to work electrochemically in a stable manner. These batteries require expensive manufacturing techniques. Both the solid-state electrolyte screening and the other components are intricate. These elements are thought to present a significant manufacturing issue for thin-film batteries.
Report Coverage
Global Micro Battery research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Micro Battery report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Micro Battery competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Micro Battery market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Micro Battery market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Micro Battery market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Micro Battery market based on the below-mentioned segments:
Global Micro Battery Market, By Type
Thin Film Battery
Printed Battery
Solid State Chip Battery
Global Micro Battery market, By Application
Consumer Electronics
Medical Devices
Smart Packaging
Smart Cards
Wearable Devices
Others
Global Micro Battery Market, By Component
Electrodes
Electrolytes
Substrates
Current Collectors
Others
Global Micro Battery market, Regional Analysis
During the anticipated timeframe, the Micro Battery Market is anticipated to expand both at a very good rate and in value. The Micro batteries contain the most up-to-date features, such as increased safety, longer life, and higher reliability, because they use non-flammable and solid electrolyte materials rather than liquid electrolytes. As a result, producers have started utilising these batteries in a number of cutting-edge technological developments. Leaks and fires are less likely when solid electrolytes are used. The recent growth of the worldwide micro battery market has been influenced by all of these factors.
The use of renewable energy sources for power generation as well as for industrial or commercial applications is being intensively pursued by a number of wealthy nations. Electricity is progressively being produced using solar energy in nations throughout Europe, Asia, and North America. In these nations, their use to track electrical energy use is on the rise. Smart metres have the ability to track how much electricity is used in a factory or a home and transmit that data to the electrical supplier for billing purposes. Given that batteries are frequently used to power these smart metres, the growing demand for smart metres is more likely to boost the growth of the micro battery industry. Technology and smart device advances will likely drive significant growth in the Micro Battery Market throughout the forecast period. They have already been implemented into smart cards, medical monitoring devices, automobiles, wearable technology, and communication sensors. Additionally, the power supply is not affected by their ability to adapt to different energy sources, including renewable energy sources. However, the complicated nature of conventional batteries and the leaking problem encourage manufacturers to adopt cutting-edge technology.
The use of renewable energy sources for power generation and other commercial or industrial activity is actively pursued by a number of developed nations. In nations like Europe, Asia-Pacific, and Northern America, the use of solar energy for electricity generation is fast expanding. Smart metres are being used more frequently in these nations to track electrical energy usage. Smart metres have the capacity to track the electrical energy used by a business or a home and send the information to the electrical supplier for future billing purposes. The rising demand for smart metres is more likely to fuel the growth of the micro battery market because micro Batteries are frequently used to power these smart metres.
Comparatively speaking, microbatteries cost more since they require more technical integration to provide higher energy efficiency. It should be possible to integrate the device with thin-film batteries while maintaining enough device power conditioning. The procedure could, however, lower energy efficiency as a whole. Such difficulties place heavy restrictions on the development of the micro batteries market. Thin-film batteries are renowned for being more durable than traditional batteries, although voltage excursions can cause irreparable damage to them. These elements are regarded as the main market restriction.
Even in their distorted state, thin-film lithium-ion batteries continue to work electrochemically in a stable manner. These batteries require expensive manufacturing techniques. Both the solid-state electrolyte screening and the other components are intricate. These elements are thought to present a significant manufacturing issue for thin-film batteries.
Report Coverage
Global Micro Battery research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Micro Battery report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Micro Battery competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Micro Battery market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Micro Battery Market from 2021 to 2030.
- Market Forecast for Micro Battery Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Micro Battery competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Micro Battery
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Micro Battery market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Micro Battery market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
- Market Players of Micro Battery
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Micro Battery market based on the below-mentioned segments:
Global Micro Battery Market, By Type
Thin Film Battery
Printed Battery
Solid State Chip Battery
Global Micro Battery market, By Application
Consumer Electronics
Medical Devices
Smart Packaging
Smart Cards
Wearable Devices
Others
Global Micro Battery Market, By Component
Electrodes
Electrolytes
Substrates
Current Collectors
Others
Global Micro Battery market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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