U.S. Markets closed

World Micro Battery Market Expected to Register a CAGR of 30.4% During 2019-2025 - Integration of Micro Batteries in Smart Textiles Presents Lucrative Opportunities

DUBLIN, July 22, 2019 /PRNewswire/ -- The "Micro Battery Market by Type (Thin Film, Printed, Solid State Chip Battery), Capacity, Rechargeability, Application (Smart Cards, Smart Packaging, Medical Devices, Wearable Devices), and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

Market Size & Projections

The micro battery market was valued at USD 107.6 million in 2018 and is expected to reach USD 631.2 million by 2025, at a CAGR of 30.4% between 2019 and 2025. The market registered a shipment of 21.3 million units in 2018 and is expected to witness a shipment of 396 million units by 2025, at a CAGR of 53.8% during the forecast period.

Market Dynamics

The application areas of wearable devices are growing from consumer electronics and medical devices to wireless communication devices.

The market for wearable technology is witnessing increasing product innovation with new product launches and developments. These come in many shapes and forms, and most wearable applications require ultra-thin durable batteries, creating a huge market potential for micro batteries.

However, the technical inabilities of micro battery in terms of energy density and capacity, and lack of standardization in the development of these batteries are major factors restraining the micro battery market's growth.

Micro battery market in APAC to witness highest growth rate in coming years

The micro battery market in APAC is expected to grow at the highest CAGR from 2019 to 2025. The market in APAC mainly comprises developing economies, such as China and India, which have a huge potential for the micro battery.

Increasing demand for IoT and portable consumer electronic devices in countries such as China, Japan, and South Korea is driving the market for micro battery in APAC. In this region, the popularity of next-generation smart cards is rapidly increasing. This has, in turn, led to the growth in demand for micro batteries to be integrated into the smart cards as power sources.

The market for micro battery in APAC is expected to grow due to the demand for smart packaging, wearable devices, and consumer electronics from major countries in this region.

Micro battery market to be driven by secondary batteries during forecast period

The secondary battery segment is expected to hold a significant share of the micro battery market during the forecast period. Rechargeable batteries with long lifespan are used in wearable devices, medical devices, wireless sensor nodes, and consumer electronics, among others.

With the advancement in technologies used in wearable devices and medical devices, manufacturers are continuously making efforts to come up with innovative designs suitable for their devices. This, in turn, is increasing the need for bendable, flexible, and high-capacity rechargeable batteries that can last long. Therefore, the demand for secondary micro batteries in the aforementioned applications is high and is expected to increase rapidly during the forecast period.

Printed battery expected to grow at significant CAGR during forecast period

The printed battery market is expected to witness significant growth during the forecast period. Printed batteries are a newer type of micro batteries. They are mostly built from zinc-based materials.

Advantages such as thin size, small form factor, and ability to be disposed of easily have made printed batteries popular in the smart packaging and medical application markets. Recent technological advancements in printed batteries are also expected to fuel their demand.

Key Topics Covered

1 Introduction

1.1 Study Objectives
1.2 Definition
1.3 Scope of the Study
1.3.1 Geographic Scope
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data Secondary Sources
2.1.3 Primary Data Primary Sources Key Industry Insights Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach Approach for Arriving at the Market Share By Bottom-Up Approach (Demand Side)
2.2.2 Top-Down Approach Approach for Arriving at the Market Share By Top-Down Analysis (Supply Side)
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Micro Battery Market
4.2 Micro Battery Market, By Type
4.3 Micro Battery Market in North America, By Country and Application
4.4 Micro Battery Market, By Application
4.5 Micro Battery Market, By Country, 2018

5 Market Overview
5.1 Introduction
5.1.1 Drivers Inherent Advantages of Micro Batteries Growth in the Adoption of Wearable Devices Need for Compact Batteries in Medical Devices Demand for Thin and Flexible Batteries in IoT Devices
5.1.2 Restraints Technical Inabilities of Micro Batteries High Capital Investment Lack of Standardization in the Development of Micro Batteries
5.1.3 Opportunities Integration of Micro Batteries in Smart Textiles Rise in the Adoption of Wireless Sensors
5.1.4 Challenges Complex Design Process High Competition From Conventional Battery Technologies
5.1.5 Value Chain Analysis

6 Components of Micro Battery
6.1 Introduction
6.2 Electrodes
6.2.1 Cathode
6.2.2 Anode
6.3 Electrolytes
6.4 Substrates
6.5 Current Collectors
6.6 Others

7 Micro Battery Market, By Type
7.1 Introduction
7.2 Thin Film Battery
7.2.1 Thin Film Battery Led the Global Micro Battery Market in 2018
7.3 Printed Battery
7.3.1 Printed Batteries are Mostly Primary Batteries Composed of Non-Toxic Components
7.4 Solid State Chip Battery
7.4.1 Solid State Chip Batteries are Packaged as A Surface Mount Device

8 Micro Battery Market, By Rechargeability
8.1 Introduction
8.2 Primary Battery
8.2.1 Primary Batteries are Prominently Used in Devices Wherein Charging is Impractical
8.3 Secondary Battery
8.3.1 Rechargeable Batteries have A Higher Demand Than Primary Batteries Because of Their Longer Lifespan

9 Micro Battery Market, By Capacity
9.1 Introduction
9.2 Below 10 mAh
9.2.1 Devices That Require Low Power Mostly Employee Micro Batteries With A Capacity Below 10 mAh
9.3 Between 10 mAh to 100 mAh
9.3.1 Above 100 mAh Micro Batteries are Designed for Devices With High Energy Requirements
9.4 Above 100 mAh
9.4.1 Devices That Require Low Power Mostly Employee Micro Batteries With A Capacity Below 10 mAh

10 Micro Battery Market, By Application
10.1 Introduction
10.2 Consumer Electronics
10.2.1 Micro Batteries for Consumer Electronics Application are in the Initial Stage of Commercialization
10.3 Medical Devices
10.3.1 Penetration of IoT in the Medical Field have Generated Opportunities for New Battery-Powered Medical Devices
10.4 Smart Packaging
10.4.1 Holds A Significant Share in the Overall Micro Battery Market
10.5 Smart Cards
10.5.1 Smart Cards are One of the Major Application Areas for Micro Batteries
10.6 Wearable Devices
10.6.1 Micro Batteries are Increasing Used in Wearable Devices Due to Their Design and Flexibility
10.7 Wireless Sensor Nodes
10.7.1 Wireless Sensor Nodes have Limited Internal Space, Thus Micro Battery is a Preferred Power Source
10.8 Others
10.8.1 Growing Popularity of Micro Batteries is Expected to Widen Their Potential Application Areas in the Coming Years

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 US Accounted for the Largest Share for Micro Battery Market in North America
11.2.2 Canada Adoption of IoT in Medical Devices has Created Significant Opportunities for the Growth of Micro Battery Market in Canada
11.2.3 Mexico Mexico is Expected to Be A Lucrative Market for Micro Batteries
11.3 Europe
11.3.1 Germany Germany Invests in Extensive R&D of Battery Production, Due to Which It Holds A Strong Market Value
11.3.2 UK Increasing Demand for Smart Wearable Devices as Well as IoT-Based Medical Devices, is Expected to Drive the Demand for Micro Batteries in the UK
11.3.3 France France is an Important Destination in Terms of Technology and Industrialization.
11.3.4 Rest of Europe Rest of Europe Held the Largest Share of the Micro Battery Market in Europe
11.4 APAC
11.4.1 China China, Holds Immense Potential for the Growth of the Micro Battery Market
11.4.2 Japan The Presence of Major Wearable Devices Manufacturing Companies has Contributed to the High Growth of the Micro Battery Market in This Country
11.4.3 India India Presents Huge Growth Opportunities for the IoT Market
11.4.4 Rest of APAC The Growing Number of Production-Based Companies is Driving the Growth of the Micro Battery Market in Many Countries in RoAPAC
11.5 RoW
11.5.1 Middle East & Africa Banks in This Region are Adopting the Smart Card Technology for Secure Transactions, Thus Increasing the Demand for Micro Battery
11.5.2 South America Technological Advancements, Such as the Influx of IoT, Drive the Growth of the Micro Battery Market in This Region

12 Competitive Landscape
12.1 Overview
12.2 Ranking Analysis, 2018
12.3 Competitive Leadership Mapping
12.3.1 Visionary Leaders
12.3.2 Dynamic Differentiators
12.3.3 Innovators
12.3.4 Emerging Companies
12.4 Competitive Benchmarking
12.4.1 Strength of Product Portfolio (18 Players)
12.4.2 Business Strategy Excellence (18 Players)
12.5 Competitive Situations and Trends
12.5.1 Product Launches and Developments
12.5.2 Others

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)
13.1 Key Players
13.1.1 Cymbet
13.1.2 STMicroelectronics
13.1.3 Enfucell
13.1.4 Samsung SDI
13.1.5 Brightvolt
13.1.6 Front Edge Technology
13.1.7 Power Paper
13.1.8 Enfucell
13.1.9 Imprint Energy
13.1.10 Ultralife
13.1.11 Blue Spark Technologies
13.2 Other Companies
13.2.1 Energy Diagnostics Limited
13.2.2 Prologium Technology Co. Ltd.
13.2.3 Molex
13.2.4 Polyplus Battery
13.2.5 Iten S.A.
13.2.6 Jenax
13.2.7 Panasonic
13.2.8 TDK
13.2.9 Guangzhou Fullriver Battery
13.2.10 NEC Energy Solutions

For more information about this report visit https://www.researchandmarkets.com/r/6bou6x

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Laura Wood, Senior Manager

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716 


View original content:http://www.prnewswire.com/news-releases/world-micro-battery-market-expected-to-register-a-cagr-of-30-4-during-2019-2025---integration-of-micro-batteries-in-smart-textiles-presents-lucrative-opportunities-300888731.html