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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The booming wearable industry, encompassing fitness trackers, smartwatches, and other wearables, heavily relies on micro batteries for their operation. According to Cisco Systems, the unit sales of wearable devices in the Middle East & Africa is expected to reach 46 million by 2022, thereby fueling the growing penetration of smartwatches in the region is further expected to create a scope for industry growth. The increasing wearable sales are likely to drive the global market.
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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Global Micro Battery Market Report by Segment
By Type
Thin Film Batteries
Printed Batteries
Solid-State Chip Batteries
Button Batteries
By Material
Alkaline
Silver Oxide
Lithium
Others (Nickel)
By Capacity
Below 10 mAH
10 mAH to 100 mAH
Above 100 mAH
Global Micro Battery Market Report by Region
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
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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