Understanding Market Dynamics: Micro Battery Market to Expand to $1.3 Billion by 2028

The global Micro Battery Market Size is expected to grow from USD 0.5 Billion in 2023 to USD 1.3 Billion by 2028, at a CAGR of 22.4% from 2023 to 2028.

Micro batteries, such as thin film and printed batteries, are designed to complement products requiring an onboard ultra-thin power supply. Printed batteries offer flexibility and are available in thin and ultra-thin sizes, allowing them to be integrated as a power source in various applications, such as smart packaging, smart cards, wearable devices, consumer electronics, and medical devices. Moreover, advancements in thin film and printed batteries have resulted in new emerging application areas, such as smart textiles, wireless sensors, and energy-harvesting devices.