Global Micro Battery Market Overview:
Rapid expansion in the electronics industry will help boost global micro battery market in the forecasted period. There are various types of micro-battery such as LR (Alkaline), SR (Silver Oxide), CR (Lithium) and others. Button silver oxide batteries are usually utilized in calculators, toys, photoelectric exposure gadgets, watches, hearing aids. Larger batteries are used in submarines, aviation, rockets, and underwater applications. Uses of button silver oxide batteries in computerized and simple watches are boosting demand for silver oxide battery in the global market.
- Growing Demand of Electronics Industry
- Government Initiation for Modernization and Development of Their Power Generation Infrastructure
- High Demand Due To Development of Recycled Alkaline Batteries
- Upsurge Demand of Silver Oxide Battery Due To Developing Popularity of Electronic Wearables
- Leaking Of Hazardous Liquids from Damaged Batteries Could Corrode the Equipment or Appliances
- Huge Demand in New Power Generation, Transmission, and Distribution Infrastructure in Developing and Developed Countries
- Consumer Spending Has Increased Substantially Due To the Rise in Urbanization and New Employment Opportunities
- Threat of Rechargeable Batteries and Alternative Chemistries
Key vendors of micro-battery are focusing on new product launch and new innovation to improve their products and services along with focusing on growing their client base to strengthen market position and to boost product & service offerings.
Some of the key players profiled in the report are Sony (Japan), Maxell (Hitachi) (Japan), Panasonic (Japan), Renata Batteries (Swatch Group) (Switzerland), Seiko (Japan), Murata Manufacturing (Japan), Toshiba (Japan), Energizer (United States), Duracell (Switzerland) and Vinnic (Hong Kong). Additionally, following companies can also be profiled that are part of our coverage like NANFU (China), TMMQ (Hong Kong) and EVE Energy (China). Analyst at AdvanceMarketAnalytics see Japanese Manufacturers to retain maximum share of Global Micro Battery market by 2024. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Micro Battery market.
On 29th May 2019, the battery manufacturer VARTA AG has acquired Europe-based VARTA Consumer Batteries business (“VARTA Consumer“) from the US-American Energizer Holdings, Inc. (“Energizer“). VARTA Consumer Batteries comprises a large number of country subsidiaries and its main production site in Dischingen, Germany.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Micro Battery market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Micro Battery market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Micro-battery Manufactures, Suppliers and Distributors, Industry Associations, Private and Government Research Organizations, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.