The global micro battery market is expected to grow from USD 326 million in 2021 to USD 842 million by 2026 at a CAGR of 20.9%. The growth of the micro battery market is driven by factors such as the use of printed flexible batteries in medical devices to treat COVID-19 patients, several advantages offered by micro batteries over traditional batteries, growing use of micro batteries in medical and electronic devices, increasing adoption of wearable devices, and demand for thin and flexible batteries in IoT applications.
Blue Spark Technologies (US); Cymbet Corporation (US); Enfucell Oy (Finland); Front Edge Technology, Inc. (US); Molex (US); Panasonic Corporation (Japan); Shenzhen Grepow Battery Co., Ltd. (China); TDK Corporation (Japan); Ultralife Corporation (US); VARTA AG (Germany); Murata Manufacturing Co., Ltd. (Japan); Seiko Instruments (Japan); Maxell Holdings, Ltd. (Japan); Renata SA (Switzerland); and Duracell Inc. (US) are the major players operating in the micro battery market. These players have adopted various growth strategies such as product launches, partnerships, and acquisitions to increase their presence in the global market.
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Ultralife Corporation (US)
Founded in 1990 and headquartered in New York, US, Ultralife Corporation (Ultralife) manufactures, designs, installs, and maintains portable power solutions and communications systems. It operates in two segments—Battery and Energy Products and Communications Systems. The Battery & Energy Products segment includes lithium 9-volt, cylindrical, thin cell, and other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems, and accessories. The company manufactures a family of lithium manganese dioxide (Li-MnO2), lithium manganese dioxide carbon monofluoride (Li-CFx/MnO2) hybrid, and lithium thionyl chloride (Li-SOCl2) non-rechargeable batteries including 9-volt, ThinCell, HiRate cylindrical batteries, and other form factors. ThinCell and HiRate lithium non-rechargeable batteries are sold primarily to the military and OEMs in industrial markets for use in a wide range of applications, including emergency radio beacons, radios, search and rescue transponders, portable medical devices, pipeline inspection gauges, and other specialty instruments and applications.
Enfucell Oy (Finland)
Founded in 2002 and based in Vantaa, Finland, the company was formed as a spin-off from the Helsinki University of Technology (HUT), and its active operations commenced in 2005. The company manufactures and supplies printed electronic products. It offers SoftBattery Plus—printed batteries based on zinc and manganese dioxide, zinc chloride as an electrolyte. These printed batteries can be used as a power source for semi-passive radio identification tags and microsensor patches. Enfucell offers components used in RFID products and microsensors, pharmaceuticals, and cosmetics.
Blue Spark Technologies (US)
Founded in 2002 and headquartered in Ohio, US, Blue Spark provides solutions for wearable and flexible electronics. Blue Spark utilizes its proprietary, patented, printed battery technology to develop disruptive technologies in printed and flexible electronics. The company develops and supplies thin, flexible, and eco-friendly printed battery technology solutions. It also offers carbon-zinc batteries for applications such as smart cards, radio frequency (RF)-based sensors and radio frequency identification (RFID) tags, interactive packaging, merchandising displays, consumer products, and novelty items. Key Capital Corporation, SunBridge Partners, Early Stage Partners, ORIX Capital, and Interlaken LLC are the key investors in the company.
Micro Battery Market with COVID-19 Impact Analysis by Type (Thin-film, Printed, Solid-state Chip, Button Battery), Capacity, Rechargeability, Application (Medical Devices, Consumer Electronics, Smart Packaging) and Geography - Global Forecast to 2026
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