The overall micro battery market is estimated to grow from USD 128 million in 2019 to USD 631 million by 2025, at a CAGR of 30.4% between 2019 and 2025. The growth of this market will be propelled by growth in the adoption of wearable devices, inherent advantages of micro batteries, need for compact batteries in medical devices, and increasing demand for thin and flexible batteries in IoT devices.

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APAC to dominate the micro battery market during the forecast period

APAC held the largest share of the micro battery market in 2018. Technology advancements in smart packaging (such as the use of printed RFID tags and smart labels in packages), as well as the adoption of medical devices, mainly pacemakers, drug delivery systems, and medical patches, which require lightweight, flexible, and safe power sources, are fueling the market growth of micro batteries in the APAC region.

Besides APAC, the North American region also holds a significant market share. Manufacturers such as Cymbet, Blue Spark Technologies, BrightVolt, NEC Energy Solutions, Molex, and Ultralife, among others, are based in this region.
Micro Battery Market, by Type

Thin Film Battery
Printed Battery
Solid State Chip Battery

Micro Battery Market, by Rechargeability

Primary Battery
Secondary Battery

Micro Battery Market, by Capacity

Below 10 mAh
Between 10 mAh & 100 mAh
Above 100 mAh

Micro Battery Market, by Industry

Consumer Electronics
Medical Devices
Smart Packaging
Smart Cards
Wearable Devices
Wireless Sensor Nodes
Others (Energy Harvesting, Display, and Smart Textile)

Geographic Analysis

North America (US, Canada, and Mexico)
Europe (UK, Germany, France, and Rest of Europe)
Asia Pacific (China, Japan, India, and Rest of APAC)
Rest of the World (South America, Middle East, and Africa)

Key Market Players

Cymbet Corporation (US), STMicroelectronics N.V. (Switzerland), Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), BrightVolt Inc. (US), Power Paper Ltd. (Israel), ProLogium Technology Co., Ltd. (Taiwan), Front Edge Technology, Inc. (US), PolyPlus Battery Co. Inc. (US), Panasonic Corporation (Japan), TDK Corporation (Japan), Blue Spark Technologies, Inc. (US), NEC Energy Solutions Inc. (US), Jenax Inc. (South Korea), Ultralife Corporation (US), and Molex (US) are some of the major players operating in this market.

Cymbet is one of the prominent players in the micro battery market. Its proprietary manufacturing process—PowerFab—utilizes semiconductor fabrication processes to produce rechargeable energy storage devices with no liquids, gels, or harmful chemicals. EnerChip - the company's batteries and integrated products enable new concepts in medical, sensor, IoT, RFID, industrial control, communications, and portable electronic devices. The company is strongly focused on strategies such as partnerships and collaborations. Over the years, it has partnered with several industry leaders to create solutions that enable advanced power back-up, pervasive power, and energy harvesting solutions. Cymbet also concentrates on strategic product and technology development to strengthen its business as well as its customer base.

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