Global Flexible, Printed, and Thin Film Batteries Market Report 2023: Growing Prevalence of IoT Devices Boost Sector - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Flexible, Printed, and Thin Film Batteries Market Size, Trends & Growth Opportunity, by Chargeability by Application, by Region and Forecast to 2030" report has been added to ResearchAndMarkets.com's 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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Flexible, Printed, and Thin Film Batteries Market Outlook

5 Global Flexible, Printed, and Thin Film Batteries Market, By Chargeability

6 Global Flexible, Printed, and Thin Film Batteries Market, By Application

7 Global Flexible, Printed, and Thin Film Batteries Market, By Region

8 North America Flexible, Printed, and Thin Film Batteries Market Analysis and Forecast 2023 - 2030)

9 Europe Flexible, Printed, and Thin Film Batteries Market Analysis and Forecast 2023 - 2030)

10 Asia Pacific Flexible, Printed, and Thin Film Batteries Market Analysis and Forecast 2023 - 2030)

11 Latin America Flexible, Printed, and Thin Film Batteries Market Analysis and Forecast 2023 - 2030)

12 Middle East Flexible, Printed, and Thin Film Batteries Market Analysis and Forecast 2023 - 2030)

13 Competitive Analysis

14 Company Profiles

Companies Mentioned

• 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
• STMicroelectronics

For more information about this report visit https://www.researchandmarkets.com/r/bzd9ol

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