TheĀ “Global Flexible, Printed, and Thin Film Batteries Market Size, Trends & Growth Opportunity, by Chargeability by Application, by Region and Forecast to 2030”Ā report has been added toĀ ResearchAndMarkets.com‘sĀ offering.
The Global Flexible, Printed, and Thin Film Batteries Market is expected to grow from US$ 2.08 Billion in 2022 to US$ 23.7 Billion by 2030; it is estimated to grow at a CAGR of 35.54% from 2023-2030.
Market Overview
Batteries with the ability to bend are said to be flexible batteries. By manufacturing the conducting additives on a flexible substrate using methods like printing or chemical deposition, flexibility is produced. Flexible batteries use thin metal foil or ink as current collectors. Flexible batteries are divided into rechargeable and non-rechargeable batteries based on the materials used to make them.
Market Drivers
The development of the Internet of Things has had a big impact on everything’s technical, social, and economic status as well as the current application dynamics. The ambitious goal of connecting 100 billion devices by 2025 creates a long-term demand for more components needed to support the expansion.
Some of the elements of loT are the utilisation of sensors, the use of technologies, and a compatible power source to power new applications. Flexible, thin, and printable batteries are becoming more popular because to the significant increase in demand for sensors needed to power Internet of Things (IoT)-connected devices. Power devices that use sensors are also in greater demand.
Market Restraints
The main barrier to the expansion of the global market for flexible, printable, and thin film batteries throughout the forecast period is expected to be the ecosystem’s poor energy density and cost competitiveness.
Market Segmentation
Segmentation By Chargeability: Global Flexible, Printed, and Thin Film Batteries Market is segmented on the basis of Chargeability into Rechargeable and Non-Rechargeable.
Segmentation By Application: Global Flexible, Printed, and Thin Film Batteries Market is segmented on the basis of Application into Consumer Electronics, Energy Harvesting, Pharmaceutical & Medical Devices, Packaging, Smart Cards, Wearable Application, and Others.
Segmentation By Region: Global Flexible, Printed, and Thin Film Batteries Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Due to a huge increase in the demand for smart and portable devices, Asia-Pacific made up the largest portion of the market. The projected period is expected to see considerable growth in North America, which was the second-largest revenue generator. This growth is due to an increase in demand for wearable devices, particularly medical equipment.
Market Key Players
Various key players are discussed in this report such Blue Spark Technologies, Bright volt, Inc., Cymbet Corporation, Excellatron Solid State, Inc., Imprint Energy Inc., Jiangsu Enfucell Flexible Electronics Co., Ltd., Panasonic Corporation, Prologium, Samsung SDI, and STMicroelectronics.
Key Market Developments
April 2022 – Blue Spark Technologies Inc., a leading supplier of wearable remote patient monitoring technologies, stated today that it has raised $40 million in a debt funding round based on intellectual property to support its growth. The principal investors were GT Investment Partners (“Ghost Tree Partners”) and Aon plc. The funds will be used to increase marketing and sales efforts for the company and enhance Blue Spark’s wearable remote patient monitoring solutions.
