Top Companies in Micro Battery Market Mystery Revealed

The rapid growth in the demand for Internet of Things (IoT) devices is one of the prime factors driving the global Micro Battery market.

Top Companies in Micro Battery Market Mystery Revealed

Market Overview:

According to vantage market research, the Micro Battery market was estimated to be valued at USD 321 million in 2021 and is projected to attain a value of USD 1084.76 million by 2028 at a CAGR of around 19% over the forecast period, 2022–2028. Micro batteries are high density & high voltage batteries that consists of coin cells, hearing aid batteries, car key FOB battery replacements, lithium batteries, button cells, watch batteries. These batteries are widely used in various industries such as IoT, automotive, medical, and some others.

The rising use of wearable devices, increase demand for flexible & thin batteries in IoT applications, growing demand for micro batteries in electronic devices, and various advantages offered by micro batteries over traditional ones are some of the factors responsible for augmenting the high growth of micro battery market in the coming years. In addition, the use of printed flexible batteries in medical devices to treat COVID-19 patients is anticipating the high demand for micro batteries in the market.

Following are the Top 9 leading players in the global Micro battery market:

Company Name

Revenue in USD

·         Panasonic Corporation

$58 Billion

·         Duracell Inc.

$818 Million

·         VARTA AG

$340 Million

·         Blue Spark Technologies

$300 Million

·         Cymbet Corporation


·         Enfucell

$320 Million

·         Front Edge Technology, Inc.

$250 Million

·         TDK Corporation

$11 Billion

·         Maxell Holdings, Ltd.

$1 Billion

  1. Panasonic Corporation

Panasonic Corporation is involved in developing diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, and B2B businesses. The company has expanded globally and now operates 528 subsidiaries and 72 associated companies worldwide. The company's subsidiaries include Panasonic Avionics Corporation, Panasonic Electric Works, Universal Lighting Technologies, Kawakita Denki Kigyosha, Sanyo Electric Co., Ltd., and Anchor Electricals among others. Panasonic offers a wide range of products and services, including air conditioners, refrigerators, washing machines, compressors, lighting, televisions, personal computers, mobile phones, audio equipment, cameras, broadcasting equipment, projectors, automotive electronics, aircraft in-flight entertainment systems, semiconductors, lithium batteries, electrical components, optical devices, bicycles, electronic materials, and photovoltaic modules. Ventilation appliances such as electric fans are manufactured under KDK and rebranded as Panasonic. The company serves its product in domestic as well overseas markets.

  1. Duracell Inc.

Duracell Inc. is an American manufacturer of alkaline batteries, specialty cells, rechargeable, and smart power systems, owned by Berkshire Hathaway. Duracell is one of the leading brands manufacturing cells & batteries. Duracell produces a host of products in its marketing mix portfolio which are as follows. Alkaline Batteries: Duracell Company makes two types of alkaline batteries namely coppertop and quantum battery. Coppertop are can be used in household devices like toys, remote controls, calculators, flashlights, clocks, radios, and portable electronics. Quantum batteries are designed for similar devices. Rechargeable batteries and chargers: Duracell batteries can be recharged completely in 1-1.5 hours by the charger specially designed for them. These are used in video game controllers, wireless electronics, and baby monitors.


The company produces and markets a comprehensive battery portfolio that ranges from micro batteries to household batteries and energy storage systems. The Micro batteries & Solutions segment focuses on the OEM business for micro-batteries and the lithium-ion battery pack business. VARTA AG’s operating subsidiaries are currently active in more than 75 countries around the world, with five production and assembly facilities in Europe and Asia as well as distribution centers in Asia, Europe, and the United States.

  1. Blue Spark Technologies

Blue Spark Technologies is the world’s leading producer of solutions for wearable and flexible electronics. An innovator in the wearable medical device space, the company utilizes its proprietary, patented, printed battery technology to develop disruptive technologies in printed and flexible electronics. Headquartered in Westlake, Ohio, the company was founded as the leader in developing thin, flexible, printed battery solutions. Its latest innovation, TempTraq, is the only Bluetooth®, wearable temperature monitor in the form of a soft, comfortable patch that continuously, safely, and comfortably, monitors body temperature for up to 72 hours and sends alerts to Apple or Android compatible mobile devices. The company’s TempTraq Connect HIPAA-compliant service supported by Google Healthcare Cloud Platform allows parents and caregivers to monitor body temperature from anywhere.

  1. Cymbet Corporation

Cymbet Corporation is the leader in solid state energy storage solutions for microelectronic systems. The company is the first to market eco-friendly, biocompatible rechargeable solid state batteries that provide electronic systems designers with new embedded power capabilities. The company’s EnerChip batteries enable new concepts in energy storage application for ICs and new products for medical, sensor, RFID, industrial control, communications, and portable electronic devices. Cymbet’s new single-chip Power Management Real-Time Clock (PMRTC) device is a world-class device and among the lowest power RTCs in the industry. Founded in 2000, Cymbet has facilities in New Brighton, MN, and Lubbock, TX.

  1. Enfucell

Enfucell is headquartered in Vantaa, Finland. The company was founded in 2002 as a spin-off from Helsinki University of Technology (HUT), and active operations commenced in 2005. The company has developed an all-printed power source, which is a flexible and thin primary battery made of low-cost industrial eco-friendly materials. The chemistry of SoftBattery® is based on zinc and manganese dioxide, and zinc chloride as an electrolyte. Enfucell owns the technology for the battery and its manufacturing. The technology enables both various shapes and a wide range of sizes from 1 cm² to 100 cm². SoftBattery® is suitable for low power applications, which require flexible and thin properties. Batteries are customized according to requirements and integrated into the products they are powering.

  1. Front Edge Technology, Inc.

Front Edge Technology, Inc. is located in Baldwin Park, CA, United States, and is part of the Other Electrical Equipment and Component Manufacturing Industry. Front Edge Technology, Inc. has 26 total employees across all of its locations. The company was established in 1994. FET develops, manufactures, and markets next-generation, ultra-thin rechargeable batteries for card-type applications. The company’s product, NanoEnergy®, is thinner than a piece of paper. When embedded in micro devices, NanoEnergy® acts as an autonomous power source, which enables new functions of these micro devices and greatly adds their value. FET is working with its customers to develop next-generation self-powered micro systems.

  1. TDK Corporation

TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.” It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic, and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads, and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics, and TDK-Lambda.

  1. Maxell Holdings, Ltd.

Maxell is a Japanese company that manufactures consumer electronics. The company's name is a contraction of "Maximum capacity dry cell". Its main products are batteries, wireless charging products, storage devices, LCD/laser projectors, and functional materials. In the past, the company manufactured recording media, including audio cassettes and blank VHS tapes, floppy disks, and recordable optical discs including CD-R/RW and DVD±RW.

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