According to the new market research report "Micro Battery Market by Type (Thin Film, Printed, Solid State Chip Battery), Capacity, Rechargeability, Application (Smart Cards, Smart Packaging, Medical Devices, Wearable Devices), and Geography - Global Forecast to 2025", the global micro battery market is estimated to be USD 128 million in 2019 and is projected to reach USD 631 million by 2025, at a CAGR of 30.4% between 2019 and 2025. The growth of this market can be attributed to the inherent advantages offered by micro batteries. Some of the major benefits of micro batteries includeflexibility, safety, high energy density, lightweight, longer lifespan, as well as low cost. These factors have helped the micro battery market gain traction in applications such as smart cards, smart packaging, medical devices, and wearable devices, as well as penetrate application areas such as smart textiles and wireless sensors.

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A smart card, which is also known as a power card, requires a self-contained power source. The micro battery integrated with the smart card is usually disposed of along with the smart card at the end of its lifespan. Therefore, the major deployment of single-use batteries in smart cards is expected to drive the market for single-use thin film, printed, and solid state chip batteries during the forecast period. This creates a huge potential for micro batteries in the smart cards application.

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.

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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