Micro Battery Market Share to grow at a CAGR of 20.9% by 2026
The Global Micro Battery Market is expected to grow from USD 326 million in 2021 to USD 842 million by 2026 at a CAGR of 20.9%. The growth of the Micro Battery Market is driven by factors such as the use of printed flexible batteries in medical devices to treat COVID-19 patients, several advantages offered by micro batteries over traditional batteries, growing use of micro batteries in medical and electronic devices, increasing adoption of wearable devices, and demand for thin and flexible batteries in IoT applications. Blue Spark Technologies (US); Cymbet Corporation (US); Enfucell Oy (Finland); Front Edge Technology, Inc. (US); Molex (US); Panasonic Corporation (Japan); Shenzhen Grepow Battery Co., Ltd. (China); TDK Corporation (Japan); Ultralife Corporation (US); VARTA AG (Germany); Murata Manufacturing Co., Ltd. (Japan); Seiko Instruments (Japan); Maxell Holdings, Ltd. (Japan); Renata SA (Switzerland); and Duracell Inc. (US) are the major players operating in the Micro Battery