Global micro battery market is anticipated to grow at a CAGR of 22.2% during the forecast period (2024-2031). The growing demand for smart wearable devices, such as smart watches and fitness trackers has significantly boosted the micro battery market. These devices rely on micro batteries for various functions, such as tracking steps and heart rate. The miniaturized design of wearables necessitates the use of micro-batteries, which are small and efficient. As wearable technology evolves, the demand for smaller, more efficient micro batteries will increase. Micro battery advancements address the specific needs of wearables, such as improved energy density, lower power consumption, and thin, flexible formats. The future of wearable technology will see higher capacities, faster charging times, and improved safety features.
Browse the full report description of “Micro Battery Market Size, Share & Trends Analysis Report by Type (Thin Film Batteries, Printed Batteries, Solid-state chip Batteries, Button Batteries, and Other), by Material (Alkaline, Silver Oxide, Lithium, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/micro-battery-market
To meet the growing demand for micro batteries in wearable, the companies operating in this space is increasingly focusing on launching innovative products in order to penetrate in the space. For instance, in January 2024, Betavolt, a Chinese startup launched a coin-sized micro battery that is able to generate electricity for 50 years without any need for charging.
Additionally, In May 2022, POSCO Holdings entered into an agreement with ProLogium for the development and supply of cathode, anode and solid electrolyte materials needed for the production of ProLogium’s next-generation solid-state batteries.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Material
o By Capacity
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- Panasonic Corp., Samsung SDI, LG Chem Ltd., CATL, and BYD Company Ltd. among others.
Key questions addressed by the report.
Global Micro Battery Market Report by Segment
By Type
By Material
By Capacity
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
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/micro-battery-market