Micro Battery Market Growth Forecast & Overview
In 2018, the global micro battery market generated a revenue of $418.2 million and is predicted to register a 18.4
In 2018, the global micro battery market generated a revenue of $418.2 million and is predicted to register a 18.4
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Micro Battery Market
©P&SIntelligence.Allrightsreserved
1
In 2018, the global micro battery market generated a revenue of $418.2 million and is predicted to
register a 18.4% CAGR during the forecast period (2019–2024). The market is witnessing growth due to
the rising requirement for compact batteries in wireless devices, increasing adoption of wearable devices,
and surging adoption of internet of things (IoT) in medical devices.
A small battery that is shaped like a button with a diameter of 5–25 mm and a height of 1–6 mm is
referred to as a micro battery. When type is taken into consideration, the micro battery market is divided
into LR (alkaline), SR (silver oxide), CR (lithium), and others (which include rechargeable lithium battery,
vanadium rechargeable lithium battery, and zinc air battery).
Out of these, the CR (lithium) division accounted for the major share of the market during the historical
period (2014–2018) and is further expected to dominate the market during the forecast period, in terms of
value. The reason for this is the wide applications of this battery in several devices including medical
devices, electronic toys, and calculators.
Micro batteries are of 1–6mm in height and have a diameter of 5–25 mm. They are shaped like a button
and are extensively used in consumer electronics, medical devices, wireless communication devices, and
wearable devices.
Micro batteries are available in various types, including silver oxide (SR), alkaline (LR), and lithium (CR),
vanadium rechargeable lithium series (VL), rechargeable lithium series (ML), and zinc air. All throughout
the 2014–2018 period, the battery manufacturers were benefitted the most from the sales of CR (lithium)
batteries.
To Request a Sample Copy Visit: http://bit.ly/344krAY
In the coming years, these batteries would continue holding the major revenue share. The micro battery
market is predicted to advance at an 18.4% CAGR in the forecast period (2019–2024)..
©P&SIntelligence.Allrightsreserved
3
Disclaimer:
P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S
Intelligence ensures the reliability and accuracy of information and data provided in its market research publications.
However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from
various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key
industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents
opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to
be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service,
or vendor depicted in its research publications.
All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected
by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their
owners.
An order for market research report is intended for internal use of the company only and not for disclosure to third
parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be
reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or
hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital,
without a written permission from Prescient & Strategic Intelligence Pvt. Ltd.
Kindly write to: enquiry@psmarketresearch.com
B-13, Sector – 2, Noida, U.P. – 201301, INDIA
Contact No: +91 120 4541 337
US/Canada Toll-Free: 1-888-778-7886
©P&SIntelligence.Allrightsreserved
4