Europe Micro Battery Market Forecast to 2030 - Regional Analysis - by Type (Thin Film Battery, Solid State Chip Battery, and Button Battery), Rechargeability (Primary Battery and Secondary Battery), and Application (Consumer Electronics, Smart Packing, Medical Devices, Wireless Sensor Nodes, and Others)
The Europe micro battery market was valued at US$ 184.61 million in 2022 and is expected to reach US$ 722.45 million by 2030; it is estimated to record a CAGR of 18.6% from 2022 to 2030.
Miniaturization of Consumer Electronics Drives Europe Micro Battery Market
In today's fast-paced world, consumer electronics have become integral to everyone's lives. From smartphones to wearable devices, the demand for smaller and more powerful gadgets continues to rise. As consumer electronics continue to shrink in size, traditional battery technologies struggle to keep up with the demand for compact and long-lasting power sources. Micro batteries, also known as micropower sources, have emerged as a solution to this problem. These tiny energy storage devices offer high energy density in a small form factor, making them ideal for powering the ever-shrinking consumer electronics. In order to meet the demands of miniaturization, the micro battery market has witnessed significant technological advancements. Researchers are exploring new materials and designs to enhance energy storage capacity while reducing the size of these batteries. Nanotechnology, for instance, has played a crucial role in developing micro batteries with higher energy densities and improved cycle life. The applications of micro batteries extend beyond just smartphones and wearable devices. They are also utilized in medical implants, hearing aids, wireless earphones, and even miniature drones. These energy storage solutions are revolutionizing industries and enabling the development of innovative products that were once unimaginable.
Europe Micro Battery Market Overview
The European micro battery market has witnessed substantial expansion in recent times, propelled by the rising need for energy storage among both consumers and businesses. Operating within a fiercely competitive global market, Europe presents a landscape characterized by both prospects and hurdles. In addition, the European Commission, through the European Battery Alliance (EBA), continuously works on recognizing the strategic significance of batteries in Europe's clean and digital transformation, as well as their crucial role as an enabling technology for the automotive sector's competitiveness, the Commission aspires to position Europe as a prominent player in sustainable battery production and utilization on a global scale. Moreover, in December 2023, The European Battery Alliance (EBA 250) enthusiastically embraced the recent injection of US$ 3.8 billion in EU financial stimulus aimed at accelerating the expansion and development of the battery industry. Furthermore, the rise of podcasting and streaming platforms has created a new avenue of demand for microphones. Europe has witnessed a surge in podcast creation and consumption, with individuals and businesses alike embracing this digital medium. Content creators require reliable and high-quality microphones to deliver clear audio, further propelling market growth. Additionally, the integration of microphones with smart devices, such as smartphones and smart speakers, has also contributed to market expansion. The growing popularity of voice-activated assistants and voice-controlled devices has driven the demand for microphones that offer superior voice recognition and audio capture capabilities. Thus, these advancements are propelling the demand for micro batteries to provide reliable and long-lasting power.
Europe Micro Battery Market Revenue and Forecast to 2030 (US$ Million)
Europe Micro Battery Market Segmentation
The Europe micro battery market is segmented based on type, rechargeability, application, and country. Based on type, the Europe micro battery market is categorized into thin film battery, solid state chip battery, and button battery. The button battery segment held the largest market share in 2022.
By rechargeability, the Europe micro battery market is bifurcated into primary battery and secondary battery. The primary battery segment held a larger market share in 2022.
In terms of application, the Europe micro battery market is categorized into consumer electronics, smart packing, medical devices, wireless sensor nodes, and others. The consumer electronics segment held the largest market in 2022.
Based on country, the Europe micro battery market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany dominated the Europe micro battery market share in 2022.
Molex LLC, Murata Manufacturing Co Ltd, Varta AG, Duracell Inc, Renata SA, Maxell Holdings Ltd, Seiko Instruments Inc, Enfucell Flexible Electronics Ltd, and Panasonic Energy Co Ltd are some of the leading companies operating in the Europe micro battery market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Micro Battery Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. Europe Micro Battery Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Increase in Demand for Wearable Devices
5.1.2 Miniaturization of Consumer Electronics
5.1.3 Advantages of Micro Batteries
5.2 Restraints
5.2.1 Need for Large Investments
5.2.2 Limited Energy Storage Capacity
5.3 Opportunities
5.3.1 Advancements in IoT Devices
5.3.2 Expansion in Healthcare industry
5.4 Trends
5.4.1 Increasing Focus on Sustainability
5.5 Impact of Drivers and Restraints:
6. Micro Battery Market - Europe Market Analysis
6.1 Micro Battery Market Overview
6.2 Micro Battery Market Revenue (US$ Million), 2022 - 2030
6.3 Micro Battery Market Forecast and Analysis
7. Europe Micro Battery Market Analysis - Type
7.1 Button Battery
7.1.1 Overview
7.1.2 Button Battery Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Thin Film Battery
7.2.1 Overview
7.2.2 Thin Film Battery Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Solid State Chip Battery
7.3.1 Overview
7.3.2 Solid State Chip Battery Market Revenue and Forecasts to 2030 (US$ Million)
8. Europe Micro Battery Market Analysis - Rechargeability
8.1 Primary Battery
8.1.1 Overview
8.1.2 Primary Battery Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Secondary Battery
8.2.1 Overview
8.2.2 Secondary Battery Market Revenue and Forecasts to 2030 (US$ Million)
9. Europe Micro Battery Market Analysis - Application
9.1 Consumer Electronics
9.1.1 Overview
9.1.2 Consumer Electronics Revenue and Forecasts to 2030 (US$ Million)
9.2 Medical Devices
9.2.1 Overview
9.2.2 Medical Devices Market Revenue and Forecasts to 2030 (US$ Million)
9.3 Smart Packing
9.3.1 Overview
9.3.2 Smart Packing Market Revenue and Forecasts to 2030 (US$ Million)
9.4 Wireless Sensor Nodes
9.4.1 Overview
9.4.2 Wireless Sensor Nodes Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. Europe Micro Battery Market - Country Analysis
10.1 Europe
10.1.1 Europe Micro Battery Market Overview
10.1.2 Europe Micro Battery Market Revenue and Forecasts and Analysis - By Countries
10.1.2.1 France Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 France Micro Battery Market Breakdown by Type
10.1.2.1.2 France Micro Battery Market Breakdown by Rechargeability
10.1.2.1.3 France Micro Battery Market Breakdown by Application
10.1.2.2 Germany Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Germany Micro Battery Market Breakdown by Type
10.1.2.2.2 Germany Micro Battery Market Breakdown by Rechargeability
10.1.2.2.3 Germany Micro Battery Market Breakdown by Application
10.1.2.3 UK Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 UK Micro Battery Market Breakdown by Type
10.1.2.3.2 UK Micro Battery Market Breakdown by Rechargeability
10.1.2.3.3 UK Micro Battery Market Breakdown by Application
10.1.2.4 Italy Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Italy Micro Battery Market Breakdown by Type
10.1.2.4.2 Italy Micro Battery Market Breakdown by Rechargeability
10.1.2.4.3 Italy Micro Battery Market Breakdown by Application
10.1.2.5 Russia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 Russia Micro Battery Market Breakdown by Type
10.1.2.5.2 Russia Micro Battery Market Breakdown by Rechargeability
10.1.2.5.3 Russia Micro Battery Market Breakdown by Application
10.1.2.6 Rest of Europe Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 Rest of Europe Micro Battery Market Breakdown by Type
10.1.2.6.2 Rest of Europe Micro Battery Market Breakdown by Rechargeability
10.1.2.6.3 Rest of Europe Micro Battery Market Breakdown by Application
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Molex LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Murata Manufacturing Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Varta AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Duracell Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 RENATA SA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Maxell Holdings, Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Seiko Instruments Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Panasonic Energy Co Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Enfucell Flexible Electronics Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 Word Index
List of Tables
Table 1. Micro Battery Market Segmentation
Table 2. Micro Battery Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Micro Battery Market Revenue and Forecasts to 2030 (US$ Million) - Type
Table 4. Micro Battery Market Revenue and Forecasts to 2030 (US$ Million) - Rechargeability
Table 5. Micro Battery Market Revenue and Forecasts to 2030 (US$ Million) - Application
Table 6. Europe Micro Battery Market, by Country - Revenue and Forecast to 2030 (USD Million)
Table 7. France Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 8. France Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Rechargeability
Table 9. France Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 10. Germany Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 11. Germany Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Rechargeability
Table 12. Germany Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 13. UK Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 14. UK Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Rechargeability
Table 15. UK Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 16. Italy Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 17. Italy Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Rechargeability
Table 18. Italy Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 19. Russia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 20. Russia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Rechargeability
Table 21. Russia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 22. Rest of Europe Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Type
Table 23. Rest of Europe Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Rechargeability
Table 24. Rest of Europe Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn) - By Application
Table 25. Company Positioning & Concentration
Table 26. List of Abbreviation
List of Figures
Figure 1. Micro Battery Market Segmentation, By Country
Figure 2. Ecosystem: Micro Battery Market
Figure 3. Micro Battery Market - Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Micro Battery Market Revenue (US$ Million), 2022 & 2030
Figure 6. Micro Battery Market Share (%) - Type, 2022 and 2030
Figure 7. Button Battery Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Thin Film Battery Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Solid State Chip Battery Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Micro Battery Market Share (%) - Rechargeability, 2022 and 2030
Figure 11. Primary Battery Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Secondary Battery Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Micro Battery Market Share (%) - Application, 2022 and 2030
Figure 14. Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Medical Devices Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Smart Packing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Wireless Sensor Nodes Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Europe Micro Battery Market Revenue, By Key Country, (2022) (US$ Million)
Figure 20. Micro battery market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. France Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Germany Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. UK Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Italy Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Russia Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Rest of Europe Micro Battery Market Revenue and Forecasts to 2030 (US$ Mn)
1. Molex LLC
2. Murata Manufacturing Co Ltd
3. Varta AG
4. Duracell Inc
5. Renata SA
6. Maxell Holdings Ltd
7. Seiko Instruments Inc
8. Panasonic Energy Co Ltd
9. Enfucell Flexible Electronics Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe micro battery market.
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