The Flexible Battery Market was valued at USD 156.36 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 24.1% from 2023 to 2030 and it will reach USD 879.66 million in 2030.
Electronic gadgets benefit from the flexibility and portability provided by flexible batteries. Flexible batteries are replacing traditional batteries because of their longevity, efficiency, and lower weight. Smart cards, flexible displays, wearable electronics, and novelty packaging all require flexible batteries. Flexible batteries have a number of advantages, including their environmental friendliness and ease of use.
A growing number of R&D activities to develop flexible batteries for wearable devices, increasing use of thin and flexible batteries in flexible electronic devices, ongoing miniaturisation of electronic devices, surging demand for flexible batteries in IoT applications, and This market is expected to develop due to the rising use of flexible batteries in medical devices to treat COVID-19 patients. The flexible battery market is categorised by type, voltage, capacity, application, and region in this analysis.
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Drivers R&D activity for producing flexible batteries for wearable devices is increasing. Thin and flexible batteries are becoming more popular in flexible electrical gadgets. Miniaturization of electrical gadgets is a continuing trend. Flexible batteries are in higher in demand of IoT applications. The use of flexible batteries in medical devices is becoming more common to treat COVID-19 patients.
Restraints A significant investment is required For the development of flexible batteries, there is a lack of suitable standardisation.
Opportunities Electronics that can be worn. In the Internet of Things, a tiny and flexible battery is being developed.
Flexible batteries with a voltage of more than 3V have the largest market share of voltages in the global flexible battery market. Compared to other flexible batteries, 3V batteries offer greater power, longer life, and greater safety. These batteries do not contain harmful components such as hazardous liquids and are commonly used in the manufacture of small electrical gadgets. By type, small film batteries account for most of the flexible battery market. During the current Covid-19 epidemic, thin film batteries are compatible with the needs of portable medical devices. The flexible batteries of thin-film lithium-ion have become very popular as the demand for smaller products in these applications has grown. The Asia Pacific region is likely to have the largest market share and to grow significantly over time. The European and North American markets are also expected to grow at a high rate due to ongoing research and development activities in these regions related to the technology of producing flexible batteries. The Global Flexible battery Market is categorized based on type, capacity, voltage, rechargeability, and application.
Due to the emergence of COVID-19, China's consumer electronics industry is also experiencing a drop in production. Consumer electronics prices may climb in the coming months as a result of China's temporary shutdown of manufacturing facilities. This, in turn, is likely to result in a shortage of consumer electronics components such as batteries, limiting the growth of the flexible battery market in 2020.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape for the flexible battery market breaks down information by competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, Product launch, product width and breadth, production capacities, and corporate strengths and shortcomings, and application dominance are among the details included. The information presented above is only about the companies' concentration on the flexible battery market.
BY TYPE :
BY APPLICATION :
BY CAPACITY :
Below 10 mAh
Between 10 mAh and 100 mAh
Above 100 mAh
BY RECHARGEABILITY :
BY VOLTAGE :
between 1.5V and 3V
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North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa make up the worldwide flexible battery market. The fastest-growing market for flexible batteries is in the Asia Pacific area, which is experiencing rapid expansion in electronics. Also present in the region are the industry's key leading firms, which has experienced an increase in technological breakthroughs and research and development, fragmenting the market and enhancing the quality of the products. The Asia Pacific region's dominance in the worldwide flexible battery market is also due to the easy availability of raw materials and low labour costs. The presence of certain significant big players in North America and Europe has resulted in new opportunities.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The following are some of the top participants in the flexible battery market Blue Spark Technologies, Samsung SDI, LG Chem, Enfucell Oy Ltd, Apple Inc., Panasonic, Fullriver Battery New Technology Co. Ltd., Paper Battery Co. Inc., Brightvolt Inc., Stmicroelectronics N.V, Rocket Electric, Ultralife Corporation, BrightVolt, Imprint Energy, Energy Diagnostics, Jenax and Other Players
LG Chem-Company Financial Analysis
|Market Size in 2022
|US$ 156.36 Million
|Market Size by 2030
|US$ 879.66 Million
|CAGR of 24.1% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• By Type (Thin-Film Batteries, Printed Batteries)
• By Application (Consumer Electronics, Smart Packaging, Smart Cards, Medical Devices, Wireless Sensors, Others)
• By Capacity (Below 10 mAh, Between 10 mAh And 100 mAh, Above 100 mAh)
• By Rechargeability (Eprimary, Secondary)
• By Voltage (Below 1.5V, Between 1.5V And 3V, Above 3V)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Blue Spark Technologies, Samsung SDI, LG Chem, Enfucell Oy Ltd, Apple Inc., Panasonic, Fullriver Battery New Technology Co. Ltd., Paper Battery Co. Inc., Brightvolt Inc., Stmicroelectronics N.V, Rocket Electric, Ultralife Corporation, BrightVolt, Imprint Energy, Energy Diagnostics, Jenax and Other.
|• R&D activity for producing flexible batteries for wearable devices is increasing.
|• A significant investment is required For the development of flexible batteries, there is a lack of suitable standardisation.
Ans: The flexible Battery Market size was valued at US$ 156.36 Mn in 2022.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
APAC is the fastest-growing market in the flexible battery market.
Ans: The Flexible Battery Market is to grow at a CAGR of 24.1% during the forecast period 2023-2030.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Flexible Battery Market Segmentation, by Type
8.2 Thin-film Batteries
8.3 Printed Batteries
9. Global Flexible Battery Market Segmentation, by Application
9.2 Consumer Electronics
9.3 Smart Packaging
9.4 Smart Cards
9.5 Medical Devices
9.6 Wireless Sensors
10. Global Flexible Battery Market Segmentation, By Capacity
10.2 Below 10 mAh
10.3 Between 10 mAh and 100 mAh
10.4 Above 100 mAh
11. Global Flexible Battery Market Segmentation, By Rechargeability
12. Global Flexible Battery Market Segmentation, By Voltage
12.2 below 1.5V
12.3 between 1.5V and 3V
12.4 above 3V
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Blue Spark Technologies.
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Samsung SDI
14.3 LG Chem
14.4 Enfucell Oy Ltd
14.5 Apple Inc.
14.7 Fullriver Battery New Technology Co. Ltd.
14.8 Paper Battery Co. Inc.
14.9 Brightvolt Inc.
14.10 STMicroelectronics N.V.
14.11 Rocket Electric Co. Ltd.
14.12 Ultralife Corporation
14.14 Imprint Energy
14.16 Energy Diagnostics
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share Analysis
15.3 Recent Developments
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The electrical safety of the battery pack, wire harnesses, connectors, DC-DC, moto controller, power distribution box, protective cover, etc. is ensured by the high voltage interlock loop (HVIL), a safety mechanism used in high voltage systems.
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