The global micro battery market was valued at USD 665.4 million in 2024 and is projected to reach USD 2,310.6 million by 2030, growing at a CAGR of 23.3% from 2025 to 2030. This growth is fueled by the rising demand for compact, efficient power sources in applications such as wearable devices, medical equipment, IoT sensors, and portable electronics.
As electronic devices continue to shrink in size, the need for high-performance, space-saving batteries has surged. Micro batteries are ideally suited for next-generation gadgets like smartwatches, fitness trackers, and hearing aids, thanks to their high energy density and lightweight design. The healthcare sector is also contributing significantly, with increased use of micro batteries in implantable monitors, drug delivery systems, and other advanced medical devices.
Key Market Insights:
- Regional Outlook: Asia Pacific led the global market with a 37.0% revenue share in 2024, supported by strong manufacturing bases in China, Japan, and South Korea, along with growing adoption of wearable tech and abundant battery production capabilities.
- By Material: The lithium segment held the largest share at 51.1% in 2024, due to lithium’s high energy density, long shelf life, and reliable performance across varying conditions.
- By Capacity: Micro batteries with a capacity of 10 mAh to 100 mAh dominated in 2024, driven by their widespread use in medical devices, wearables, and smart consumer electronics.
- By Battery Type: Primary micro batteries led the market in 2024, favored for use in low-drain, long-life devices such as remote controls, hearing aids, medical implants, and smart cards.
- By Type: The button batteries segment accounted for the largest share in 2024, owing to their established application in wristwatches, calculators, hearing aids, and medical implants.
Order a free sample PDF of the Micro Battery Market Intelligence Study, published by Grand View Research.
Market Size & Forecast
- 2024 Market Size: USD 665.4 Million
- 2030 Projected Market Size: USD 2,310.6 Million
- CAGR (2025-2030): 23.3%
- Asia Pacific: Largest market in 2024
- North America: Fastest growing market
Key Companies & Market Share Insights
The micro battery market is moderately consolidated, comprising a mix of small, medium, and large-sized players. It features a dynamic blend of established battery manufacturers and emerging startups driving innovation in compact power solutions.
Murata stands out as a key player, known for its high-performance silver oxide and lithium coin cell batteries used in medical devices, wearables, and industrial electronics. The company emphasizes miniaturization, high energy density, and reliability. Through strategic partnerships with healthcare companies, Murata is expanding its presence in the medical and biosensor markets.
Key Players
- Blue Spark Technologies, Inc.
- Front Edge Technology, Inc.
- Enfucell SoftBattery
- Panasonic Corporation
- Molex
- TDK Corporation
- Shenzhen Grepow Battery Co., Ltd.
- VARTA AG
- Murata Manufacturing Co., Ltd.
- SAMSUNG SDI
Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.
Conclusion
The micro battery market is experiencing rapid expansion, driven by increasing demand for compact, reliable power sources across wearables, medical devices, IoT sensors, and portable electronics. Advancements in energy density, miniaturization, and performance are enabling a broader range of applications and product innovation. Asia Pacific leads the market with strong manufacturing infrastructure and widespread adoption of electronics. Lithium-based and button-type micro batteries dominate due to their high energy density and versatility. Primary cells remain popular in low-drain, long-life applications, while batteries within the 10–100 mAh range meet the bulk of design requirements today. Going forward, growth will be supported by continuous technological advancements, rising demand from healthcare and consumer electronics, and increasing integration of micro batteries into emerging device platforms.
