Dublin, April 13, 2023 (GLOBE NEWSWIRE) -- The "Global Micro Battery Market (2023-2028) by Component, Type, Rechargeability, Capacity, Application, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Micro Battery Market is estimated to be USD 572.55 Mn in 2023 and is expected to reach USD 1638.30 Mn by 2028, growing at a CAGR of 23.4%.
Market Dynamics
Drivers
- Increase in Adoption of Wearable Devices
- Surges in Demand for Hands-Free Devices and IoT Devices
- Complexities with Traditional Battery Technologies
Restraints
- High Investment for Development
- Technical Inabilities of Micro Batteries
Opportunities
- Increasing Miniature in Medical Devices and Smart Textiles
- Rising Adoption of Wireless Sensors Equipped with Micro Batteries
Challenges
- Complexities in Fabrication
- Lack of Standardization of Manufacturing Policies and Infrastructure
Market Segmentations
The Global Micro Battery Market is segmented based on Component, Type, Rechargeability, Capacity, Application, and Geography.
- By Components, the market is classified into Electrodes, Electrolytes, Substrates, Current Collectors, and Others.
- By Type, the market is classified into Thin-Film Battery, Printed Battery, Solid State Chip Battery, and Button Battery.
- By Rechargeability, the market is classified into Primary Battery and Secondary Battery.
- By Capacity, the market is classified into Below 10 mAh, Below 100 mAh, and Above 100 mAh.
- By Application, the market is classified into Consumer Electronics, Medical Devices, Smart Packaging, Smart Cards, Wireless Sensor Mode, and Others.
- By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Micro Battery Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Micro Battery Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Micro Battery Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 170 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $572.56 Million |
| Forecasted Market Value (USD) by 2028 | $1638.3 Million |
| Compound Annual Growth Rate | 23.4% |
| Regions Covered | Global |
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Micro Battery Market, By Components
7 Global Micro Battery Market, By Type
8 Global Micro Battery Market, By Rechargeability
9 Global Micro Battery Market, By Capacity
10 Global Micro Battery Market, By Application
11 Americas' Micro Battery Market
12 Europe's Micro Battery Market
13 Middle East and Africa's Micro Battery Market
14 APAC's Micro Battery Market
15 Competitive Landscape
16 Company Profiles
17 Appendix
Companies Mentioned
- Amperex Technology Ltd.
- Berkshire Hathaway (Duracell)
- Blue Spark Technologies
- Brightvolt Inc.
- Cymbet Corp.
- GMB Co., Ltd.
- Grepow Battery
- Ilika
- Imprint Technology
- Iten SA
- LG Chem Ltd.
- Maxell, Ltd.
- Murata Manufacturing Co., Ltd.
- Panasonic Corp.
- Prologium Technology
- Renata AG SA
- Saft
- STMicroelectronics N.V.
- TDK Electronics Ag
- Ultralife Corp.
- Varta Ag
For more information about this report visit https://www.researchandmarkets.com/r/9kwh46
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