Overview and Scope
Flexible batteries refer to a type of battery technology that is designed to be versatile and adaptable in terms of form factor and application. These batteries are characterized by their ability to bend, twist, or conform to different shapes without compromising their functionality. This flexibility makes them suitable for use in various devices and scenarios where traditional rigid batteries may be impractical.
Sizing and Forecast
The flexible batteries market size has grown exponentially in recent years. It will grow from $0.21 billion in 2023 to $0.27 billion in 2024 at a compound annual growth rate (CAGR) of 26.9%. The growth in the historic period can be attributed to pharmaceutical industry growth, food preservation needs, increased demand for ready-to-eat meals, rise in clinical research, cosmetic industry utilization.
The flexible batteries market size is expected to see exponential growth in the next few years. It will grow to $0.63 billion in 2028 at a compound annual growth rate (CAGR) of 24.1%. The growth in the forecast period can be attributed to global vaccine development initiatives, biopharmaceutical pipeline expansion, growing nutraceuticals market, space exploration needs, e-commerce expansion in food industry. Major trends in the forecast period include increased demand for personalized medicine, continued advances in biotechnology, technological innovations, biotechnology advancements, global cold chain logistics expansion.
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Segmentation & Regional Insights
The flexible batteries market covered in this report is segmented –
1) By Type: Thin-Film Batteries, Printed Batteries
2) By Voltage: Below 1.5V, Between 1.5V And 3V, Above 3V
3) By Capacity: Below 10 mAh, Between 10 mAh And 100 mAh, Above 100 mAh
4) By Rechargeability: Primary Batteries, Secondary Batteries
5) By Application: Consumer Electronics, Smart Packaging, Smart Cards, Medical Devices, Wireless Sensors, Others Applications
Asia-Pacific was the largest region in the flexible batteries market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of wearable devices is expected to propel the growth of the flexible batteries market going forward. Wearable devices are electronic devices that can be worn on the user’s body and are connected to the internet, allowing them to collect and transmit data. Flexible batteries are used in wearable devices to power devices for longer durations without frequent recharging and ensuring optimal performance and safety under repeated bending For instance, in October 2023, according to the International Data Corporation, a US-based corporation, global shipments of wearables increased for 492,247,834 in 2022 to 519,839,947 in 2023 and they are estimated to reach 625,399,055 by 2027. Therefore, the increasing adoption of wearable devices is driving the growth of the flexible batteries market.
Key Industry Players
Major companies operating in the flexible batteries market report are Apple Inc., Panasonic Corp., LG Chem Ltd., Toshiba Corporation, NEC Corporation, Samsung SDI Co. Ltd., ST Microelectronics N.V., Molex LLC, ProLogium Technology Co. Ltd., Rocket Electric Co. Ltd., Jenax, FULLRIVER Battery, Guangzhou Fullriver Battery New Technology Co. Ltd., Paper Battery Company Inc., Flexel LLC, Polyplus Battery Company, ITEN S.A., Blue Spark Technologies Inc., Enfucell Oy Ltd., Front Edge Technology Inc., Ilika PLC, Imprint Energy Inc., Brightvolt Inc., Cymbet Corporation, Energy Diagnostics Inc.
The flexible batteries market report table of contents includes:
1. Executive Summary
2. Flexible Batteries Market Characteristics
3. Flexible Batteries Market Trends And Strategies
4. Flexible Batteries Market – Macro Economic Scenario
5. Global Flexible Batteries Market Size and Growth
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31. Flexible Batteries Market Other Major And Innovative Companies
32. Global Flexible Batteries Market Competitive Benchmarking
33. Global Flexible Batteries Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Flexible Batteries Market
35. Flexible Batteries Market Future Outlook and Potential Analysis
36.Appendix
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