Demand for flexible batteries is projected to reach US$ 152.49 million in 2022 and expand at a CAGR of 25% to US$ 1,420 million between 2022 and 2032.
The market is expected to grow as a result of rising research and development efforts to create flexible batteries for wearable technology, growing use of thin and flexible batteries in flexible electronics, ongoing electronic device miniaturisation, soaring demand for flexible batteries in IoT applications, and growing use of flexible batteries in medical devices to treat COVID-19 patients.
The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Flexible Batteries market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.
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.
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Impact of COVID-19 on Flexible Batteries Market
The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.
The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Flexible Batteries market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.
Important Questions Answered in the Flexible Batteries Market Report
- How will the Flexible Batteries market expand through 2032?
- Which region is the most lucrative in the Flexible Batteries market?
- What are the recent technological developments in the Flexible Batteries market?
- What are key challenges and competition threats faced by Flexible Batteries market players?
- Who are prominent players leading the Flexible Batteries market?
Flexible Batteries Market: Key Segmentation
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
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Flexible Batteries Market: Competitive Evaluation
The FMI’s Flexible Batteries market report provides a comprehensive analysis on key players operating in the Flexible Batteries market. Some of the key players are:
- 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.
- Ultralife Corporation
With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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