Electrifying Growth: The $1.3 Billion Potential of Micro Battery Market
The Micro Battery Market is expected to develop at a rapid compound annual growth rate (CAGR) of 22.4% from USD 0.5 billion in 2023 to USD 1.3 billion by 2028, indicating a substantial opportunity for expansion. Different battery types, such as button, printed, thin film, and solid-state chip batteries, which support a range of capacities from less than 10 mAh to more than 100 mAh, are driving this increase. The market includes both primary and secondary battery types, and wireless sensors and smart cards are among the applications that are covered. Microbatteries play a critical role in powering a variety of electronic gadgets, as seen by the growing demand for them. This highlights the importance of microbatteries in our increasingly technologically linked and dependent society. The anticipated rise is a result of the ongoing development and shrinking of electronic components, which is fueling the demand for high-performance, small-sized power solutions in a variety of international sectors.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25755945
The growing need for better healthcare services and infrastructure is what is driving the proliferation of Medical Internet of Things (IoT) devices in emerging countries, particularly in China and India. Ultra-thin batteries that complement their small shapes are a vital component of modern medical gadgets. Micro batteries are the best option for powering these medical IoT devices because of their incredibly thin and flexible nature. The incorporation of printed and thin-film power sources not only makes it easier to use microbatteries, but also gives medical device makers the ability to change the design of their devices, which increases overall effectiveness. Consequently, there is a rapid and growing need for batteries that meet these particular requirements in order to keep up with the rapidly changing medical technology scene.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=25755945
The market for printed battery segment is expected to grow at a significant CAGR during the forecast period.
Over the course of the forecast period, the printed battery market is expected to grow significantly at a strong Compound Annual Growth Rate (CAGR). Printed batteries, which consist of carbon zinc, manganese dioxide, zinc chloride, and zinc dioxide, are an affordable substitute for lithium chemistries used in thin-film or traditional batteries. The process of applying electrodes over a paper or plastic film substrate and then laminating electrolytes between those electrodes is how screen printing technology is used to create these batteries. Customised flexible devices can be fitted with printed batteries in a variety of shapes thanks to this manufacturing method. Notably, their non-volatile and non-toxic characteristics add to their safety, particularly when it comes to bioelectronics and implanted medical devices. Printed batteries are a preferred power source in the changing world of electronic gadgets due to their adaptability to applications where portability and small size are essential requirements.
The smart packaging application is projected to grow at an impressive CAGR from 2023 to 2028.
From 2023 to 2028, the smart packaging application is expected to increase at an outstanding Compound Annual Growth Rate (CAGR). Disposable batteries, sensors, displays, circuits, and other printed electronic components including smart labels, RFID tags, anti-theft tags, and displays are all included in the category of smart packaging. The growing need for packaging, which is acknowledged to have a direct influence on consumer choice, has led producers to employ printed and thin power sources. These power sources improve consumer engagement by allowing interactive media, display text, and sound to be integrated into item-level packaging and point-of-sale promotional displays. Microbattery-powered RFID tags and smart labels are essential for security protocols, inventory management, and the provision of information services for a wide range of items. In the context of smart packaging, the use of microbatteries guarantees tag endurance and increases communication range, making tracking and tracing operations more efficient.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/micro-battery-market-25755945.html
North America is expected to hold a significant share of the Micro Battery Market during the forecast period.
North America, which is divided into the US, Canada, and Mexico, is anticipated to hold a sizable portion of the Micro Battery Market over the course of the forecast year. Many North American firms are currently developing tiny batteries specifically for use in medical devices, wearable technology, smart cards, smart packaging, and wireless sensors. The micro battery market in this area is driven primarily by the growing demand for wearable and medical devices. The packaging industry has made significant progress in incorporating intelligent sensors, RFID tags, and smart labels into packages. As a result, printed thin batteries are now required to power these smart packages. The printed and thin-film battery market in North America is expected to be driven by the rapidly expanding smart packaging industry. Furthermore, the growing trend of wireless device miniaturisation and the growing integration of the Internet of Things (IoT) in medical devices are anticipated to have a substantial impact on the growing demand for thin-film and printed batteries in the North American market.
The major players in this market include 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), and Duracell Inc. (US) among others.
News Covered:
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Comments
Post a Comment