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Flexible Battery Market: Segmented: By type (Thin-film Batteries and Printed Batteries); By Application (Consumer Electronics, Smart Packaging, Smart Cards, Medical Devices, Wireless Sensors and others); By capacity (Below 10 mAh, Between 10 mAh and 100 mAh and Above 100 mAh); By rechargeability (primary and secondary); By voltage (below 1.5V, between 1.5V and 3V, and above 3V) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Flexible battery market grow to USD 1217 million in 2019 and is projected to grow at a CAGR of 30.9% from 2020 to 2030
Flexible Batteries are primary and secondary batteries designed to be flexible and used in products such as smart cards, wearable electronics, flexible displays, and medical devices. Features of batteries such as lightweight, flexibility, and portability make them popular among consumers over large, heavy, bulky, and rigid traditional batteries.
Flexible battery market Market is expected to project a CAGR of 30.9% during the forecast period, 2020-2030
The rising number of research and development activities and increased demand for wearable devices and usage of batteries in flexible electronic devices, IoT applications, and in the treatment of covid-19 patients is likely to increase the market growth.
By type
It can be segmented into Thin-film Batteries and Printed Batteries. The thin-film batteries dominate the market due to their superior performance and increased demand for miniaturized products.
By capacity
we can divide it into Below 10 mAh, Between 10 mAh and 100 mAh, and Above 100 mAh. Batteries over the capacity of 100 mAh are made for devices with high-energy requirements and long shelf life thus increasing their demand in the market.
Digital advancements and demand for healthcare devices will increase growth
Advancements in the digitalization of the economy and the shift of focus to flexible electronics and wearable have increased the growth in the market. The demand for mobile healthcare devices and wireless healthcare monitoring devices is also driving the market growth. With investments in the internet of things projects, new opportunities are also opening up in the flexible battery market.
High prices and low energy density will decline the flexible battery market
The production of consumer electronics has been declining due to the covid-19 pandemic and thus their prices can rise in the coming months which can be a restraint in the market growth. High costs and low energy density in the flexible battery market are other restraints of the market.
Rising demand for the internet of things enabled devices, as well as portable electronics among consumers, are driving the market growth in the APAC region. Increasing smart card popularity in the region is also a reason for the rise in the sector. North America is also likely to show significant growth in the sector due to the increased demand for medical devices and wearable devices amidst the coronavirus pandemic.
Business Strategy, Key Product offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Flexible Battery Market segments
The Flexible Battery Market size was estimated at USD 1217 million in 2019 and is expected to reach USD xx Billion by 2031.
Blue Spark Technologies, Samsung SDI, LG Chem, Enfucell Oy Ltd, Apple Inc., Panasonic, Ultralife Corporation, BrightVolt, Imprint Energy, Energy Diagnostics, Jax
By type and By capacityare anticipated to hold the largest Flexible Battery Market
Drivers: Digital advancements and demand for healthcare devices will increase growth and High prices and low energy density will decline the flexible battery market
Flexible Batteries are primary and secondary batteries designed to be flexible and used in products such as smart cards, wearable electronics, flexible displays, and medical devices. Features of batteries such as lightweight, flexibility, and portability make them popular among consumers over large, heavy, bulky, and rigid traditional batteries.
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