According to a new report, published by KBV research, The Global Micro Battery Market size is expected to reach $2.1 billion by 2030, rising at a market growth of 22.2% CAGR during the forecast period.
The Primary segment is showcasing a CAGR of 23% during (2023 - 2030). Non-rechargeable batteries used once are referred to as primary or single-use batteries. These batteries are provided completely charged and should be discarded after use. Particularly zinc-based materials-based printed batteries are frequently primary batteries. Primary batteries are commonly employed in applications where recharging the battery is impossible. These batteries are built into the products and do not require to be recharged.
The Thin Film Batteries segment is leading the Global Micro Battery Market by Type in 2022; thereby, achieving a market value of $908.3 million by 2030. The use of these batteries will be accelerated by the expanding use of smart cards and e-cards in the government and transportation sectors to increase security. Smart cards enable user identification, authentication, data storage, and application processing, increasing their popularity around the world. The increasing use of Visa, Mastercard, and Europay smart cards drives the segment for thin-film batteries.
The Alkaline market is exhibiting a CAGR of 22.6% during (2023 - 2030). Alkaline micro batteries are frequently used as standby power sources for a variety of electronics, supplying on-demand power throughout power outages or while the primary power source is inaccessible. Due to their low self-discharge rate, alkaline batteries have a comparatively long shelf life. Because of this, they are appropriate for devices that are seldom used, or that must be stored for a long time before use.
The Medical Devices segment acquired maximum revenue share in the Global Micro Battery Market by Application in 2022; thereby, achieving a market value of $594.5 million by 2030. These batteries simplify the development of miniature medical devices with dependable power sources. The widespread usage of printed, light, flexible batteries substantially impact medical research and development. These batteries find widespread use in devices worn or implanted within the human body, where minimizing their size and shape is essential.
The More than 100 mAh market is experiencing a CAGR of 24.2% during (2023 - 2030). Larger battery options with greater capacity would be more suitable for high-power applications or devices that need to be used for longer periods of time before being recharged. Similar to bigger batteries, micro-batteries are manufactured under strict safety regulations. As a result, when utilized as intended, they are typically secure and dependable.
The Asia Pacific region dominated the Global Micro Battery Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $760.3 million by 2030. The Europe market is anticipated to grow at a CAGR of 21.7% during (2023 - 2030). Additionally, North America would register a CAGR of 22% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/micro-battery-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Panasonic Holdings Corporation, VARTA AG, Murata Manufacturing Co., Ltd., TDK Corporation, Berkshire Hathaway, Inc. (Duracell, Inc.), Ultralife Corporation, Maxwell Technologies (UCAP Power, Inc.), Cymbet Corporation, Enfucell Oy, Koch Industries, Inc. (Molex LLC)
By Battery Type
By Type
By Material
By Application
By Capacity
By Geography
Companies Profiled
Unique Offerings 
