Micro battery market is anticipated to grow at a CAGR of 22.2% during the forecast period (2024-2031). Micro batteries, typically no bigger than a fingernail, are essential for running devices such as wireless earbuds, hearing aids, wearable health trackers, medical devices, and IoT sensors. They pack energy into a small space, enabling the creation of compact and lightweight electronic devices. Micro batteries use different chemistries and have a lower energy storage capacity than larger batteries.
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Research and development in micro battery technology are focused on improving energy density (storing more power in a smaller space) and lifespan. These advancements will make micro batteries even more attractive for powering a wider range of devices. For instance, in November 2023, Toshiba developed a new lithium-ion battery using a cobalt-free 5V-class cathode material, suitable for various applications, including power tools and electric vehicles. The new battery significantly suppresses performance-degrading gases produced as side reactions, ensuring high-voltage and high-power performance. The battery composition further promotes carbon neutrality and circular economy, as the cathode is free of cobalt and contains less nickel, making it a cost and resource-conservation solution. The technology also deactivates transferred ions on the anode surface, suppressing gas generation even with a conventional high-conductivity electrolyte. The new technology was evaluated with a prototype 1.5Ah-class pouch battery with an NTO anode, achieving high voltage, fast charging, durability, and excellent lifetime characteristics even at high temperatures. Toshiba plans to apply this battery in power tools, industrial equipment, and other applications where small size and high voltage are at a premium.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Micro Battery Market by Type
- Thin Film Batteries
- Printed Batteries
- Solid-State Chip Batteries
- Button Batteries
Global Micro Battery Market by Material
- Alkaline
- Silver Oxide
- Lithium
- Others (Nickel)
Global Micro Battery Market by Capacity
- Below 10 mAH
- 10 mAH to 100 mAH
- Above 100 mAH
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- A123 Systems, LLC
- Amar raja Batteries Ltd.
- Amperex Technologies Ltd.
- Blue Spark Technologies
- BYD Ltd.
- Contemporary Amperex Technology Co., Ltd.
- Cymbet Corp.
- Duracell Inc.
- Enfucell Oy
- Exide Industries Ltd.
- Front Edge Technology, Inc.
- HBL Power Sysytems
- Murata Manufacturing Co., Ltd.
- Shenzhen Grepow Battery Co. Ltd.
- TDK Corp.
- Ultralife Corp.
- VARTA AG
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global micro battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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