Micro Battery Market to Achieve USD 1.3 Billion Milestone by 2028

The Micro Battery Market is poised for significant growth, driven by advancements in battery technologies and increasing demand across various applications. According to the report "Micro Battery Market by Type (Thin Film, Printed, Solid-state Chip, Button), Capacity (Below 10 mAh, 10 to 100 mAh, Above 100 mAh), Battery Type (Primary, Secondary), Application (Smart cards, Wireless Sensors) and Region - Global Forecast to 2028," the global market size is projected to expand from USD 0.5 billion in 2023 to USD 1.3 billion by 2028, at an impressive CAGR of 22.4%.

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This growth is fueled by the rising adoption of micro batteries in smart cards and wireless sensors due to their compact size, flexibility, and ability to provide reliable power in small, portable devices. The development of new battery types, such as thin film and solid-state chip batteries, is further enhancing their applicability and performance, making them integral components in the evolving landscape of IoT and wearable technology. As industries continue to innovate and integrate these micro batteries into their products, the market is set to experience robust growth in the coming years.

Medical IoT devices are becoming increasingly popular in developing countries like China and India due to the urgent need for improved healthcare infrastructure and services. These devices require ultra-thin batteries to maintain their sleek and compact designs. Micro batteries, with their ultra-thin and flexible construction, are ideal for powering such medical devices. The integration of thin-film and printed power sources allows medical device manufacturers to innovate and optimize the design and efficiency of their products. As a result, the demand for these specialized batteries is rapidly rising, driven by the expanding market for advanced medical IoT devices in these developing regions.

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The market for printed battery segment is expected to grow at a significant CAGR during the forecast period.

Printed batteries are composed of cost-effective materials like zinc dioxide, manganese dioxide, zinc chloride, and carbon zinc, which are cheaper than lithium chemistries used in thin-film or conventional batteries. These batteries are developed by printing the electrodes onto a paper or plastic film substrate using screen printing technology and then laminating the electrolytes between those electrodes. This method allows printed batteries to be manufactured in various shapes to fit custom flexible devices. Their non-toxic and non-volatile properties make them safe for use in sensitive applications such as implanted medical devices within the bioelectronics context. Printed batteries are particularly beneficial for applications where portability and small size are paramount, offering a reliable and economical power solution for a wide range of innovative devices.

The smart packaging application is projected to grow at an impressive CAGR from 2023 to 2028.

Smart packaging incorporates printed electronic products such as disposable batteries, sensors, displays, circuits, anti-theft tags, radio-frequency identification (RFID) tags, and smart labels. The demand for innovative packaging solutions has surged as packaging plays a crucial role in influencing customer purchasing decisions. Packaging manufacturers are increasingly utilizing thin and printed power sources to embed sound, display text, and interactive media into item-level packages and point-of-sale promotional displays to capture consumer attention. RFID tags and smart labels enhance inventory tracking and serve as security and informational devices to monitor various products. Integrating micro batteries in these smart packaging solutions improves communication range, ensures the durability of tags, and enhances tracking and tracing functions, thereby providing significant benefits to both manufacturers and consumers.

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North America is expected to hold a significant share of the Micro Battery Market during the forecast period.

The North American Micro Battery Industry, segmented into the US, Canada, and Mexico, is experiencing robust growth driven by advancements in wearable devices, smart packaging, smart cards, medical devices, and wireless sensors. The region is home to numerous companies developing micro batteries tailored for these applications. The increasing demand for wearable and medical devices is a significant factor propelling the micro battery market. Additionally, advancements in the packaging industry have led to the integration of intelligent sensors, RFID tags, and smart labels into packages, which rely on printed thin batteries for power. This trend is expected to drive the market for thin-film and printed batteries. Furthermore, the rising penetration of IoT in medical devices and the miniaturization of wireless devices are likely to boost the demand for these advanced battery technologies in North America.

Micro Battery Companies:

• Cymbet Corporation (US),
• Enfucell (Finland),
• Ultralife Corporation (US),
• Molex, LLC (US),
• Panasonic Holdings Corporation (Japan),
• Murata Manufacturing Co., Ltd. (Japan),
• TDK Corporation (Japan),
• Maxell, Ltd. (Japan),
• VARTA AG (Germany),
• Renata SA (Switzerland),
• Duracell Inc. (US),
• Seiko Instruments Inc. (Japan).

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