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...