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

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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