Impact of COVID-19 on Economy, Industry and Company :
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in significant demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identify various methodologies which would assist C-Level executive to counter this ongoing threat and make informed business decision.
Kindly contact us to know more details: https://www.bizizzmarketresearch.com/contact
Global Micro Battery Market Was Valued At US$ XX Mn In 2019 And It Is Estimated To Expand At A CAGR Of 30.1% During The Forecast Period
The Micro batteries are light in weight, compact and flexible to use across various devices. These could be used widely because even after cut into different forms and sizes they are without loss of efficiency, wound and customized. A small single-cell battery, the shape is, in general, to be of 5 to 25 mm in diameter and 1 to 6 mm in their height. Thus the outer case is made up of metal be a base body and positive end of the cell. Watch batteries enable small mobile gadgets such as wristwatches, pocket calculators, listening devices and other compact equipment, etc. These micro-batteries are evolving in their usage in the industry that constitutes of wearable, electronics, smart cards, medical equipment, and wireless devices that need the usage of micro-batteries.
The micro battery market growth by an increase in the adoption of wearable equipment, greater benefits in the application of micro-batteries, demand for compact batteries and thin and flexible batteries in IoT technologies are stimulating its market growth. Significant advantages in the usage of micro-batteries are its flexibility, safety, high energy density, lightweight, longer lifespan, and low cost are fueling up this market growth. The factors supported in the micro battery market growth that is increasing its market demand among smart cards, smart packaging, medical equipment, and wearable gadgets, smart textiles and wireless sensors are driving the demand for the micro battery market.
Micro batteries that are reversible skinny films are the next-generation products that could be applied among various devices that are being introduced into the market. Victimization of good technologies and good user-friendly products contributes to the growth of micro-batteries worldwide. Moreover, advancements in good packaging are being adopted by the medical equipment, pacemakers, drug delivery devices, and medical patches, which should be light-weight, flexible, and safe sources of power, are significantly contributing to the market growth of micro-batteries.
By Type Thin Film Battery Is Expected To Expand Rapidly During The Forecast Period.
The micro battery market is led by the increased demand of the thin-film battery segment due to its feasibility of application among a variety of devices. These batteries have a significant application among the miniature devices that could be belonging to various industries in the market. Production and designing of portable devices have a limited space thus the need for the incorporation of micro-batteries arises. Thus these batteries of thin film are easy to use and are having a longer lifespan over a variety of gadgets. Moreover, these batteries have wide applicability due to their safety in usage among different equipment’s thus market is growing for a thin-film battery. Companies are now manufacturing devices that are compact but with high-performance standards are contributing to the higher market share of thin-film battery. Smart computing is another factor driving the demand of thin-film batteries because of this equipment needs reliable, efficient and high-performance batteries that could accommodate in lesser space of the product.
The Micro Battery Market In The Asia Pacific Accounted For The Largest Share In 2019 And Is Expected To Remain Dominant During The Forecast Period:
The Asia pacific market of the micro battery is leading in its global market share. There is advancement in the technology of micro-batteries in the APAC region due to an increase of investments in the offerings. The region is experiencing an increased adoption rate of advanced technological devices of various industries attributing to the growth of the micro battery market. There is a growth of medical devices and electronic gadgets that are incorporating profitability in this market. Moreover, the wearable devices market is estimated to be doubling during the forecast period because of its unique properties and supporting end-users in many ways. Adults are embracing the gadgets that utilized micro batteries because of their high functionality.
Global Micro battery market had experienced the entry of new players recently resulting in the rising competition among the key players. Thus, the market is fragmented among the number of local and global players.
Key players of the micro battery market are listed as follows: Cymbet Corporation, STMicroelectronics N.V., Samsung SDI Co., Ltd., Enfucell Oy Ltd., BrightVolt Inc, Power Paper Ltd., ProLogium Technology Co., Ltd., Front Edge Technology, Inc., PolyPlus Battery Co. Inc., Panasonic Corporation, TDK Corporation, Blue Spark Technologies, Inc, NEC Energy Solutions Inc., Jenax Inc., Ultralife Corporation, and Mol
Key market segments of Micro Battery:
- Thin Film Battery
- Printed Battery
- Solid-State Chip Battery
- Consumer Electronics
- Medical Devices
- Smart Packaging
- Smart Cards
- Wearable Devices
- Wireless Sensor Nodes
- North America
- Asia pacific
- Middle east and Africa
- Latin America