At a CAGR of 20.9%, the Micro Battery Market is anticipated to increase from USD 326 million in 2021 to USD 842 million by 2026. The demand for thin, flexible batteries in Internet of Things applications and the use of printed flexible batteries in medical devices to treat COVID-19 patients are some of the factors that are propelling the growth of the micro battery market. Micro batteries also have several advantages over traditional batteries.
The major players in the micro battery market are 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) To strengthen their position in the international market, these businesses have implemented a variety of expansion methods, including product launches, collaborations, and acquisitions.
Enfucell Oy (Finland)
The company was established as a spin-off from the Helsinki University of Technology (HUT) in 2002 and is situated in Vantaa, Finland. Its active operations started in 2005. The business produces and distributes printed electronic goods. It provides printed batteries called SoftBattery Plus that use zinc and manganese dioxide as a base and zinc chloride as an electrolyte. These printed batteries can be used to power microsensor patches and semi-passive radio identification tags. Enfucell provides parts for microsensors, medicines, and cosmetics as well as RFID products.
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Ultralife Corporation (US)
Ultralife Corporation (Ultralife), which was established in 1990 and has its headquarters in New York, US, produces, designs, instals, and maintains portable power solutions and communications systems. Battery and Energy Products and Communications Systems are its two business segments. In addition to rechargeable batteries, uninterruptible power supply, charging systems, and accessories, the Battery & Energy Products division also offers non-rechargeable lithium 9-volt, cylindrical, thin cell, and other batteries. The firm produces a variety of non-rechargeable batteries, including 9-volt, ThinCell, HiRate cylindrical batteries, and other form factors, using lithium manganese dioxide (Li-MnO2), lithium manganese dioxide carbon monofluoride (Li-CFx/MnO2) hybrid, and lithium thionyl chloride (Li-SOCl2). For use in a variety of applications, such as portable medical devices, pipeline inspection gauges, emergency radio beacons, radios, search and rescue transponders, and other specialty instruments and applications, ThinCell and HiRate lithium non-rechargeable batteries are primarily sold to the military and OEMs in industrial markets.
Blue Spark Technologies (US)
Blue Spark, a US company with its headquarters in Ohio, offers solutions for flexible and wearable electronics. In order to create game-changing printable and flexible electronics technologies, Blue Spark makes use of its own, patented printed battery technology. The business creates and distributes solutions for thin, flexible, and environmentally friendly printed battery technology. Additionally, it provides carbon-zinc batteries for use in consumer goods, novelty items, interactive packaging, merchandising displays, radio frequency identification (RFID) tags, and smart cards. The company's principal investors are Key Capital Corporation, SunBridge Partners, Early Stage Partners, ORIX Capital, and Interlaken LLC.
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