Asia Pacific Micro Battery Market Forecast to 2030
Asia Pacific Micro Battery Market Forecast to 2030 – Regional Analysis – by Type (Thin Film Battery, Solid State Chip Battery, and Button Battery), Rechargeability (Primary Battery and Secondary Battery), and Application (Consumer Electronics, Smart Packing, Medical Devices, Wireless Sensor Nodes, and Others)
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Description
Advancements in IoT Devices Boost Asia Pacific Micro Battery Market
The Internet of Things (IoT) has revolutionized how we interact with technology, enabling seamless connectivity between devices and creating a vast ecosystem of smart devices. As IoT devices continue to increase across various industries and sectors, the need for reliable and efficient power sources becomes crucial. This presents a significant opportunity for the micro battery market to play a vital role in meeting the power demands of IoT devices. The IoT landscape has expanded exponentially, encompassing diverse applications such as smart homes, industrial automation, healthcare, transportation, and more. These IoT devices rely on miniaturized electronics that require compact and long-lasting power solutions. Micro batteries, with their small form factor and high energy density, perfectly align with the requirements of IoT devices, making them an ideal power source. Moreover, IoT devices often operate in remote or hard-to-reach locations, requiring reliable power sources to ensure uninterrupted functionality. Micro batteries are easily deployable in these challenging environments, providing a portable, self-contained power solution. This flexibility allows IoT devices to be deployed in various scenarios, from smart sensors in agricultural fields to wearables monitoring vital signs in healthcare settings. Additionally, the advancements in IoT devices, coupled with the evolution of micro battery technology, have led to enhanced user experiences. This translates to improved convenience, longevity, and reliability for end users, fostering further adoption and integration of IoT technology in various aspects of daily.
Asia Pacific Micro Battery Market Overview
Various countries in the Asia Pacific region are experiencing a dynamic shift toward the technologically advanced landscape with a key emphasis on projects in smart cities, such as the integration of the Internet of Things (IoT) and advancements of healthcare systems. The surge in connected devices, spanning smart home appliances and wearable gadgets among consumers, is also propelling the micro battery market growth in Asia Pacific. Moreover, these devices require thin, flexible, and safe power sources, which micro batteries can provide. In addition, the growing demand for other consumer electronic devices such as smartphones, tablets, wearables, and other devices in Asian countries will also boost the growth of the Asia Pacific micro battery market in the coming years. In Asia Pacific, China is the largest manufacturer of consumer electronic devices. According to Nikkei Inc., the Chinese government is working on various plans to expand the country’s domestic electronic market by investing US$ 327 billion till 2023. In addition, the Indian government is expanding the electronics market in the country. According to the Ministry of Electronics & IT, initiatives by the Indian government and efforts of the industry have led to the domestic production of electronic goods with revenue of US$ 74.7 billion in 2020 and a CAGR of 17.9%. A few government policies for electronics manufacturing include the Production Linked Incentive (PLI) Schemes, the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), and the Modified Electronics Manufacturing Cluster (EMC 2.0) Scheme. Furthermore, the electronics sector in Asia Pacific accounts for 20-50% of Asia’s total value of exports. As Asia Pacific is the largest electronic manufacturer, the demand for micro batteries will rise across the region during the forecast period. Additionally, there is a growing use of micro batteries in medical devices such as wireless thermometers, pulse oximeters, and drug delivery patches, which are especially used while treating COVID-19 patients.
Asia Pacific Micro Battery Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Micro Battery Market Segmentation
The Asia Pacific micro battery market is segmented based on type, rechargeability, application, and country. Based on type, the Asia Pacific micro battery market is categorized into thin film battery, solid state chip battery, and button battery. The button battery segment held the largest market share in 2022.
In terms of rechargeability, the Asia Pacific micro battery market is bifurcated into primary battery and secondary battery. The primary battery segment held a larger market share in 2022.
In terms of application, the Asia Pacific micro battery market is categorized into consumer electronics, smart packing, medical devices, wireless sensor nodes, and others. The consumer electronics segment held the largest market in 2022.
By country, the Asia Pacific micro battery market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific micro battery market share in 2022.
Molex LLC, Murata Manufacturing Co Ltd, Varta AG, Duracell Inc, Renata SA, Maxell Holdings Ltd, Seiko Instruments Inc, and Panasonic Energy Co Ltd are some of the leading companies operating in the Asia Pacific micro battery market.
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According to the Research Team’ research, the Asia Pacific micro battery market was valued at US$ 291.23 million in 2022 and is expected to reach US$ 1,316.02 million by 2030, registering a CAGR of 20.7% from 2022 to 2030. Miniaturization of consumer electronics and advancements in IoT devices are among the critical factors attributed to the Asia Pacific micro battery market expansion.
In today’s fast-paced world, consumer electronics have become integral to everyone’s lives. From smartphones to wearable devices, the demand for smaller and more powerful gadgets continues to rise. As consumer electronics continue to shrink in size, traditional battery technologies struggle to keep up with the demand for compact and long-lasting power sources. Micro batteries, also known as micropower sources, have emerged as a solution to this problem. These tiny energy storage devices offer high energy density in a small form factor, making them ideal for powering the ever-shrinking consumer electronics. In order to meet the demands of miniaturization, the micro battery market has witnessed significant technological advancements. Researchers are exploring new materials and designs to enhance energy storage capacity while reducing the size of these batteries. Nanotechnology, for instance, has played a crucial role in developing micro batteries with higher energy densities and improved cycle life. The applications of micro batteries extend beyond just smartphones and wearable devices. They are also utilized in medical implants, hearing aids, wireless earphones, and even miniature drones. These energy storage solutions are revolutionizing industries and enabling the development of innovative products that were once unimaginable.
On the contrary, need for large investments hurdles the growth of Asia Pacific micro battery market.
Based on type, the Asia Pacific micro battery market is categorized into thin film battery, solid state chip battery, and button battery. The button battery segment held 59.7% share of Asia Pacific micro battery market in 2022, amassing US$ 173.95 million. It is projected to garner US$ 746.49 million by 2030 to expand at 20.0% CAGR during 2022-2030.
In terms of rechargeability, the Asia Pacific micro battery market is bifurcated into primary battery and secondary battery. The primary battery segment held 66.5% share of Asia Pacific micro battery market in 2022, amassing US$ 193.80 million. It is projected to garner US$ 911.91 million by 2030 to expand at 21.4% CAGR during 2022-2030.
By application, the Asia Pacific micro battery market is categorized into consumer electronics, smart packing, medical devices, wireless sensor nodes, and others. The consumer electronics segment held 39.8% share of Asia Pacific micro battery market in 2022, amassing US$ 115.85 million. It is projected to garner US$ 532.36 million by 2030 to expand at 21.0% CAGR from 2022-2030.
By country, the Asia Pacific micro battery market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 29.7% share of Asia Pacific micro battery market in 2022. It was assessed at US$ 86.58 million in 2022 and is likely to hit US$ 420.33 million by 2030, exhibiting a CAGR of 21.8% during 2022-2030.
Key players operating in the Asia Pacific micro battery market are Molex LLC, Murata Manufacturing Co Ltd, Varta AG, Duracell Inc, Renata SA, Maxell Holdings Ltd, Seiko Instruments Inc, and Panasonic Energy Co Ltd, among others.
In May 2022, Murata is transitioning to child-resistant packaging for all lithium coin cell batteries available in a 5-piece tear strip package, which includes the popular CR2016, CR2025, and CR2032 sizes. Each coin cell battery in the 5-piece tear strip pack can still be easily detached. Each coin cell battery is fully encapsulated in plastic, replacing the conventional, easy-to-open perforated packaging. Each capsule now requires a pair of scissors to open. Coin cells and packaging are also marked with the ‘keep away from small children’ symbol.
In November 2022, With the fifth generation of its flagship lithium-ion rechargeable cell, VARTA provides a cutting-edge new product for future-driven innovations. At Electronica, VARTA will showcase its extensive micro battery portfolio and focus on sustainability in Munich from the 15th to the 18th of November.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific micro battery market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific micro battery market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Micro Battery Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. Asia Pacific Micro Battery Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Increase in Demand for Wearable Devices
5.1.2 Miniaturization of Consumer Electronics
5.1.3 Advantages of Micro Batteries
5.2 Restraints
5.2.1 Need for Large Investments
5.2.2 Limited Energy Storage Capacity
5.3 Opportunities
5.3.1 Advancements in IoT Devices
5.3.2 Expansion in Healthcare industry
5.4 Trends
5.4.1 Increasing Focus on Sustainability
5.5 Impact of Drivers and Restraints:
6. Micro Battery Market – Asia Pacific Market Analysis
6.1 Micro Battery Market Overview
6.2 Micro Battery Market Revenue (US$ Million), 2020 – 2030
6.3 Micro Battery Market Forecast and Analysis
7. Asia Pacific Micro Battery Market Analysis – Type
7.1 Button Battery
7.1.1 Overview
7.1.2 Button Battery Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Thin Film Battery
7.2.1 Overview
7.2.2 Thin Film Battery Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Solid State Chip Battery
7.3.1 Overview
7.3.2 Solid State Chip Battery Market Revenue and Forecasts to 2030 (US$ Million)
8. Asia Pacific Micro Battery Market Analysis – Rechargeability
8.1 Primary Battery
8.1.1 Overview
8.1.2 Primary Battery Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Secondary Battery
8.2.1 Overview
8.2.2 Secondary Battery Market Revenue and Forecasts to 2030 (US$ Million)
9. Asia Pacific Micro Battery Market Analysis – Application
9.1 Consumer Electronics
9.1.1 Overview
9.1.2 Consumer Electronics Revenue and Forecasts to 2030 (US$ Million)
9.2 Medical Devices
9.2.1 Overview
9.2.2 Medical Devices Market Revenue and Forecasts to 2030 (US$ Million)
9.3 Smart Packing
9.3.1 Overview
9.3.2 Smart Packing Market Revenue and Forecasts to 2030 (US$ Million)
9.4 Wireless Sensor Nodes
9.4.1 Overview
9.4.2 Wireless Sensor Nodes Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. Asia Pacific Micro Battery Market – Country Analysis
10.1 Asia Pacific Micro Battery Market
10.1.1 Overview
10.1.2 Micro battery market Breakdown by Countries
10.1.2.1 Australia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 Australia Micro Battery Market Breakdown by Type
10.1.2.1.2 Australia Micro Battery Market Breakdown by Rechargeability
10.1.2.1.3 Australia Micro Battery Market Breakdown by Application
10.1.2.2 China Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 China Micro Battery Market Breakdown by Type
10.1.2.2.2 China Micro Battery Market Breakdown by Rechargeability
10.1.2.2.3 China Micro Battery Market Breakdown by Application
10.1.2.3 India Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 India Micro Battery Market Breakdown by Type
10.1.2.3.2 India Micro Battery Market Breakdown by Rechargeability
10.1.2.3.3 India Micro Battery Market Breakdown by Application
10.1.2.4 Japan Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Japan Micro Battery Market Breakdown by Type
10.1.2.4.2 Japan Micro Battery Market Breakdown by Rechargeability
10.1.2.4.3 Japan Micro Battery Market Breakdown by Application
10.1.2.5 South Korea Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 South Korea Micro Battery Market Breakdown by Type
10.1.2.5.2 South Korea Micro Battery Market Breakdown by Rechargeability
10.1.2.5.3 South Korea Micro Battery Market Breakdown by Application
10.1.2.6 Rest of Asia Pacific Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 Rest of Asia Pacific Micro Battery Market Breakdown by Type
10.1.2.6.2 Rest of Asia Pacific Micro Battery Market Breakdown by Rechargeability
10.1.2.6.3 Rest of Asia Pacific Micro Battery Market Breakdown by Application
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Molex LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Murata Manufacturing Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Varta AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Duracell Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 RENATA SA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Maxell Holdings, Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Seiko Instruments Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Panasonic Energy Co Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 Word Index
Table 1. Micro Battery Market Segmentation
Table 2. Micro Battery Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Micro Battery Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. Micro Battery Market Revenue and Forecasts to 2030 (US$ Million) – Rechargeability
Table 5. Micro Battery Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. Asia Pacific Micro Battery Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. Australia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 8. Australia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Rechargeability
Table 9. Australia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. China Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. China Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Rechargeability
Table 12. China Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. India Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 14. India Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Rechargeability
Table 15. India Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. Japan Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. Japan Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Rechargeability
Table 18. Japan Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 19. South Korea Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 20. South Korea Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Rechargeability
Table 21. South Korea Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 22. Rest of Asia Pacific Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 23. Rest of Asia Pacific Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Rechargeability
Table 24. Rest of Asia Pacific Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 25. Company Positioning & Concentration
Table 26. List of Abbreviation
Figure 1. Micro Battery Market Segmentation, By Country
Figure 2. Ecosystem: Micro Battery Market
Figure 3. Micro Battery Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Micro Battery Market Revenue (US$ Million), 2022 & 2030
Figure 6. Micro Battery Market Share (%) – Type, 2022 and 2030
Figure 7. Button Battery Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Thin Film Battery Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Solid State Chip Battery Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Micro Battery Market Share (%) – Rechargeability, 2022 and 2030
Figure 11. Primary Battery Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Secondary Battery Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Micro Battery Market Share (%) – Application, 2022 and 2030
Figure 14. Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Medical Devices Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Smart Packing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Wireless Sensor Nodes Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Asia Pacific Micro Battery Market Revenue, By Key Country, (2022) (US$ Million)
Figure 20. Asia Pacific Micro Battery Market Breakdown By Key Countries, 2022 and 2030 (%)
Figure 21. Australia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. China Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. India Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Japan Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. South Korea Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Rest of Asia Pacific Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Asia Pacific Micro Battery Market
1. Molex LLC
2. Murata Manufacturing Co Ltd
3. Varta AG
4. Duracell Inc
5. Renata SA
6. Maxell Holdings Ltd
7. Seiko Instruments Inc
8. Panasonic Energy Co Ltd
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