South & Central America Micro Battery Market Forecast to 2030
South & Central America 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 Fuel South & Central America 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.
South & Central America Micro Battery Market Overview
The South & Central America micro battery market is poised for long-term growth, driven by several key factors. First, declining prices of lithium-ion batteries are expected to fuel market expansion, making energy storage solutions more accessible and cost-effective for businesses and consumers alike. Second, the increasing implementation of micro batteries in electric vehicles in the region is set to create a surge in micro battery demand. Governments and consumers prioritize sustainability and seek to reduce carbon emissions, thereby driving the need for efficient and reliable micro batteries.
South & Central America Micro Battery Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Micro Battery Market Segmentation
The South & Central America micro battery market is segmented based on type, rechargeability, application, and country. Based on type, the South & Central America 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 South & Central America 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 South & Central America 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 South & Central America micro battery market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America micro battery market share in 2022.
Molex LLC, Murata Manufacturing Co Ltd, Maxell Holdings Ltd, and Panasonic Energy Co Ltd are some of the leading companies operating in the South & Central America micro battery market.
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According to the Research Team’ research, the South & Central America micro battery market was valued at US$ 34.66 million in 2022 and is expected to reach US$ 121.07 million by 2030, registering a CAGR of 16.9% from 2022 to 2030. Increasing focus on sustainability and expansion in healthcare industry are among the critical factors attributed to the South & Central America micro battery market expansion.
The increasing focus on sustainability is anticipated to be a major trend in the micro battery market. Sustainability refers to the ability to meet the needs of the present without compromising the ability of future generations to meet their own needs. Sustainability encompasses environmental, social, and economic aspects of development and aims to create a more inclusive and resilient society. Moreover, there is growing awareness about the environmental impacts of conventional batteries, such as greenhouse gas emissions, resource depletion, waste generation, and pollution. It can also help minimize waste by being recyclable, biodegradable, or compostable. Additionally, regulatory and reporting standards for environmental, social, and governance (ESG) performance are increasing. ESG refers to the criteria that measure an organization’s sustainability and social impact. ESG investors and rating agencies are holding firms accountable for their ESG performance and are rewarding those that demonstrate leadership and innovation in sustainability. Micro batteries can help firms improve their ESG performance by reducing their carbon footprint, enhancing their energy efficiency, and supporting their social responsibility initiatives.
On the contrary, need for large investments hurdles the growth of South & Central America micro battery market.
Based on type, the South & Central America micro battery market is categorized into thin film battery, solid state chip battery, and button battery. The button battery segment held 58.8% share of South & Central America micro battery market in 2022, amassing US$ 20.39 million. It is projected to garner US$ 67.61 million by 2030 to expand at 16.2% CAGR during 2022-2030.
In terms of rechargeability, the South & Central America micro battery market is bifurcated into primary battery and secondary battery. The primary battery segment held 63.4% share of South & Central America micro battery market in 2022, amassing US$ 21.99 million. It is projected to garner US$ 79.91 million by 2030 to expand at 17.5% CAGR during 2022-2030.
Based on application, the South & Central America micro battery market is categorized into consumer electronics, smart packing, medical devices, wireless sensor nodes, and others. The consumer electronics segment held 38.6% share of Europe micro battery market in 2022, amassing US$ 13.39 million. It is projected to garner US$ 47.51 million by 2030 to expand at 17.2% CAGR from 2022-2030.
By country, the South & Central America micro battery market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states Brazil captured 69.9% share of South & Central America micro battery market in 2022. It was assessed at US$ 24.23 million in 2022 and is likely to hit US$ 87.12 million by 2030, exhibiting a CAGR of 17.3% during 2022-2030.
Key players operating in the South & Central America micro battery market are Molex LLC, Murata Manufacturing Co Ltd, Maxell Holdings Ltd, 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.
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 South & Central America 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 South & Central America market trends and outlook coupled with the factors driving the South & Central America 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. South & Central America Micro Battery Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. South & Central America 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 – South & Central America 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. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America Micro Battery Market – Country Analysis
10.1 South & Central America
10.1.1 South & Central America Micro Battery Market Overview
10.1.2 South & Central America Micro Battery Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 Brazil Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 Brazil Micro Battery Market Breakdown by Type
10.1.2.1.2 Brazil Micro Battery Market Breakdown by Rechargeability
10.1.2.1.3 Brazil Micro Battery Market Breakdown by Application
10.1.2.2 Argentina Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Argentina Micro Battery Market Breakdown by Type
10.1.2.2.2 Argentina Micro Battery Market Breakdown by Rechargeability
10.1.2.2.3 Argentina Micro Battery Market Breakdown by Application
10.1.2.3 Rest of South & Central America Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Rest of South & Central America Micro Battery Market Breakdown by Type
10.1.2.3.2 Rest of South & Central America Micro Battery Market Breakdown by Rechargeability
10.1.2.3.3 Rest of South & Central America 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 Maxell Holdings, Ltd
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 Panasonic Energy Co Ltd
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
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. South and Central America Micro Battery Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 7. Brazil Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 8. Brazil Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Rechargeability
Table 9. Brazil Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. Argentina Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 11. Argentina Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Rechargeability
Table 12. Argentina Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. Rest of South & Central America Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 14. Rest of South & Central America Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Rechargeability
Table 15. Rest of South & Central America Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. Company Positioning & Concentration
Table 17. 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. South & Central America Micro Battery Market Revenue, By Key Country, (2022) (US$ Million)
Figure 20. Micro Battery Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. Brazil Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Argentina Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Rest of South & Central America Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – South & Central America Micro Battery Market
1. Molex LLC
2. Murata Manufacturing Co Ltd
3. Maxell Holdings Ltd
4. Panasonic Energy Co Ltd
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