Global Micro Battery Market Expected to Grow with a CAGR of 18.4% During the Forecast Period, 2019-2024 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Micro Battery Market Research Report: By Type, Capacity, Rechargeability, Application, Geographical Outlook - Industry, Share Analysis and Demand Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

In 2018, the global micro battery market reached a value of $418.2 million and is projected to grow at a 18.4% CAGR during the forecast period (2019-2024).

The factors contributing to the growth of the market include the growing usage of compact batteries in the healthcare sector, rising adoption of wearable devices, and surging usage of internet of things (IoT) in medical devices.

Geographically, the largest revenue share of the micro battery market was held by Asia-Pacific (APAC) in 2018, and it is further going to register the fastest growth during the forecast period. This is attributed to the growing demand for medical devices and rising adoption of wearable devices. For example, it was recorded that the usage of wearable devices rose from 10% in 2015 to approximately 21% in 2017. The demand for wearable devices in APAC is further projected to increase in the coming years due to the growing enthusiasm for new technologies among adults and improving technological functionalities.

A key driving factor of the micro battery market is the rising adoption of IoT in medical devices. The healthcare industry is focusing on the adoption of high-tech solutions because of the growing level of chronic diseases and increasing aging population across the world. The growing penetration of wearable electronics and advanced medical devices is resulting in improved patient outcome and reduced healthcare costs. Thus, the requirement for micro batteries is rising in medical devices for decreasing the size of devices.

The rising adoption of smart meters is creating wide opportunities in the micro battery market. A smart meter is used for recording the consumption of electric energy and helps communicate the information to the electricity supplier for monitoring and billing. Due to the rising investments by various governments, such as that of the U.K., India, and the U.S., for the utilization of smart meters, is leading to the growth of the smart meters market. Since a micro battery is a significant power source for smart meters, the rising requirement for smart meters will also drive the demand for micro batteries.

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By region

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.2 Market Dynamics

4.2.1 Trends

4.2.2 Drivers

4.2.3 Restraints

4.2.4 Opportunities

4.3 Value Chain Analysis

4.4 Porter's Five Forces Analysis

Chapter 5. Global Market Size and Forecast

5.1 By Type

5.2 By Capacity

5.3 By Rechargeability

5.4 By Application

5.5 By Region

Chapter 6. North America Market Size and Forecast

6.1 By Type

6.2 By Capacity

6.3 By Rechargeability

6.4 By Application

6.5 By Country

Chapter 7. Europe Market Size and Forecast

7.1 By Type

7.2 By Capacity

7.3 By Rechargeability

7.4 By Application

7.5 By Country

Chapter 8. APAC Market Size and Forecast

8.1 By Type

8.2 By Capacity

8.3 By Rechargeability

8.4 By Application

8.5 By Country

Chapter 9. LATAM Market Size and Forecast

9.1 By Type

9.2 By Capacity

9.3 By Rechargeability

9.4 By Application

9.5 By Country

Chapter 10. MEA Market Size and Forecast

10.1 By Type

10.2 By Capacity

10.3 By Rechargeability

10.4 By Application

10.5 By Country

Chapter 11. Competitive Landscape

11.1 Key Players and Their Offerings

11.2 Market Share Analysis of Key Players

11.3 Recent Activities of Key Players

11.4 Competitive Benchmarking of Key Players

11.5 Global Strategic Developments of Key Players

Chapter 12. Company Profiles

12.1 Energizer Holdings Inc.

12.2 Maxell Holdings Ltd.

12.3 The Swatch Group Ltd.

12.4 Berkshire Hathaway Inc.

12.5 GP Batteries International Limited

12.6 Toshiba Lifestyle Co. Ltd.

12.7 VARTA AG

12.8 Murata Manufacturing Co. Ltd.

12.9 Seiko Holdings Corporation

12.10 Panasonic Corporation

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