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Flexible Batteries Market

Market Insights on Flexible Batteries covering sales outlook, demand forecast & up-to-date key trends

Flexible Batteries Market By Type (Thin-Film Battery, Printed Battery, Curved Battery, Other Types) Chargeability (Rechargeable Battery, Single-Use Battery) & Region - Forecast 2022-2032

Flexible Batteries Market Overview

Global Flexible Batteries demand is anticipated to be valued at US$ 152.49 Million in 2022, forecast to grow at a CAGR of 25%to be valued at US$ 1,420 Million from 2022 to 2032.

The increasing number of research and development activities for developing flexible batteries for wearable devices, increasing use of thin and flexible batteries in flexible electronic devices, ongoing miniaturization of electronic devices, surging demand for flexible batteries in IoT applications, and increasing use of flexible batteries in medical devices to treat COVID-19 patients are likely to drive the growth of this market.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 122.25 Million

Expected Market Value (2022)

US$ 152.49 Million

Anticipated Forecast Value (2032)

US$ 1,420 Million

Projected Growth Rate (2022-2032)

25% CAGR

Flexible batteries are those that are meant to be both conformal and flexible, as opposed to standard rigid batteries. Flexible batteries can maintain their form even when bent or twisted repeatedly. Flexible batteries are available in rechargeable and single-use chargeability configurations. Flexible batteries are distinguished by their conformability, low weight, and mobility, which make them ideal for use in goods such as adjustable and wearable devices. As a result, additional efforts are being made to develop a variety of flexible power springs, including primary and rechargeable batteries with high energy density and outstanding flexibility.

Several efforts have been made to adapt traditional batteries such as zinc-carbon and lithium-ion, while novel materials such as those based on nanoparticle systems are being championed for flexible battery and super capacitor electrodes. There are, for example, initiatives underway to improve flexible lithium-ion batteries. Another improvement is the paper-thin flexible self-recharging battery, which combines a thin-film organic solar cell with an exceedingly thin and amazingly flexible lithium-polymer battery.

Globally, there is a rising need for mobile healthcare equipment and wireless healthcare monitoring devices. These gadgets require long-lasting energy sources, resulting in a huge market opportunity for thin and flexible lithium batteries. The wearable electronics industry is seeing an increase in the number of new product releases and advances. These gadgets need a high degree of adaptability and lightweight batteries to provide continuous power delivery. During the projected period, these factors are also expected to fuel market expansion.

Which are Some Prominent Drivers Spearheading Flexible Batteries Market Growth?

During the projected period, the worldwide flexible battery market is predicted to expand considerably. During the projected period, the adoption of foldable Smartphones may play a key role in the worldwide flexible battery market. Because batteries take up a lot of space in Smartphones, numerous leading competitors in the industry are focusing on creating innovative flexible batteries for foldable smart phones.

Major Smartphone makers including as Samsung and Apple are concentrating their efforts on the development of flexible batteries for electronic devices such as Smartphones, laptops, and others.

Furthermore, rising flexible batteries demand by electronic assemblers and manufacturers, increasing production capacities of manufacturing organizations and assembly sites in various parts of the world, and the growing presence of electronic assemblers and manufacturers globally are the major growth drivers of the global flexible batteries market in the future.

Other factors that are likely to have a significant impact on the global flexible batteries market include the increasing use of various smart wearable devices, continuous research and development activities in these regions related to flexible battery manufacturing technology in developed economies, and the easy availability of competent labor and raw materials in the Asia Pacific region.

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What are the Challenges Faced by the Flexible Batteries Industry?

Despite the fact that flexible batteries have various advantages, some problems limit and impede market expansion. The large investment required and the absence of adequate standards for the advancement of flexible batteries is impeding industry expansion.

Why is Asia-Pacific emerging as an Opportunistic Flexible Batteries Market?

The growing demand for IoT-enabled gadgets and portable consumer electronics in countries like as China, Japan, and South Korea is propelling the APAC flexible battery market. South Korean businesses such as LG Chem and Samsung SDI have created curved and flexible batteries to power their goods such as Smartphones, smart glasses, and wearable electronics. The popularity of smart packaging is growing in APAC, fueling the demand for flexible batteries to be integrated with smart packaging.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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How is Europe Contributing to Growth of the Flexible Batteries Market?

According to Future Market Insights, The European region is expected to account for a sizable portion of the worldwide flexible battery market throughout the predicted time frame. This might be attributed to ongoing research and development activity in various areas pertaining to flexible battery manufacturing technologies.

Market Competition

Some of the key participants present in the global Flexible Batteries market include Apple Inc., Blue Spark Technology, Brightvolt Inc., Enfucell Oy, LG Chem Ltd., NEC Energy Solutions Inc., Panasonic Corporation, Samsung SDI Co. Ltd., ST Microelectronics N.V., and Ultralife Corporation.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 25% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Type
  • Chargeability
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

Customization

Available Upon Request

Key Segments Profiled in the Flexible Batteries Industry Survey

Type:

  • Thin-Film Flexible Battery
  • Printed Flexible Battery
  • Curved Flexible Battery
  • Other Flexible Battery Types

Chargeability:

  • Rechargeable Flexible Batteries
  • Single-Use Flexible Batteries

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global Flexible Batteries market to expand at a 25% value CAGR by 2032

Asia Pacific is expected to be the most opportunistic flexible batteries market.

Apple Inc., Blue Spark Technology, Brightvolt Inc., Enfucell Oy, LG Chem Ltd., NEC Energy Solutions Inc., Panasonic Corporation, Samsung SDI Co. Ltd., ST Microelectronics N.V., and Ultralife Corporation are some prominent Flexible Batteries manufacturers

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Flexible Batteries Market