FLEXIBLE BATTERY MARKET ANALYSIS

Flexible Battery Market, By Type (Thin-film Batteries and Printed Batteries), By Voltage (Below 1.5V, Between 1.5V and 3V, and Above 3V), By Capacity (Below 10 mAh, Between 10 mAh and 100 mAh, and Above 100 mAh), By Chargeability (Primary Batteries and Secondary Batteries), By Application (Consumer Electronics, Smart Packaging, Smart Cards, Medical Devices, IoT Devices, and Others_STMicroelectronics, LG Chem, SAMSUNG SDI CO., LTD., Panasonic Corporation, ROCKET Poland Sp. z o.o., Enfucell, Imprint Energy, Energy Diagnostics., Jenax Inc., and Molex), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Apr 2023
Code : CMI4621
Pages :170
Formats :
Excel and PDF
Industry : Semiconductors

Flexible Battery MarketSize and Trends

The global flexible battery market size was valued at US$ 134.6 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 20.71% from 2022 to 2030. Flexible batteries are an advanced type of battery that can retain their shape even after changing their form. Due to its characteristics of retaining its form in various shapes and sizes, its demand is expected to increase especially in healthcare, consumer electronics, and other industries. Flexible batteries are portable batteries that can be easily used in various small-sized devices such as a watch, smartphones, health monitoring devices, and others.

Figure 1: Global Flexible Battery Market Share (%), By Region, 2022

Global Flexible Battery Market Segmentation:

The global flexible battery market report is segmented into type, voltage, capacity, chargeability, and application.

Among the type segment, thin-film batteries segment is expected to witness significant growth during the forecast period. As the demand for flexible batteries is increasing battery manufacturing companies are focusing on batteries that are cost-effective, easy to dispose of, and enable the proper function of battery-powered devices. Several key players in the market are offering such batteries for medtech and wearable devices. For instance, Molex LLC, a U.S.-based industrial automation solutions providing company is offering Thin-Film Battery with 1.5V and 3.0V for medtech and industrial applications.

Global Flexible Battery Market Trends:

Technological advancement in flexible batteries

Technological advancements resulted in new designs that traditional batteries lacked. Benefits such as upgraded power efficiency coupled with extended battery life are anticipated to elevate demand over the coming years. Moreover, Technological development addressing the concern of short circuits during stretching may further propel flexible battery market demand over the forecast period. The major manufacturers such as STMicroelectronics, a semiconductor company, LG Chem, Chemicals Company, offer flexible batteries with advanced features such as flexibility and accuracy with a life longer

Figure 2: Global Flexible Battery Market Share (%), By Type, 2022