Market Research Blog

According to predictions, the Thin Film and Printed Batteries Market will be worth US$ 180.78 million in 2023 and $1,138.14 million in 2033. Between 2023 and 2033, the market is expected to increase at a CAGR of 20.2%.

The density, longevity, and safety of thin film and printed batteries have increased. The growing demand for these batteries in electronic devices and medical equipment is driving big corporations to innovate, allowing batteries to become more flexible or smaller.

To address the shortcomings of solid-state batteries, Tokyo Tech Corporation and Tohoku University, for example, have produced batteries with lower resistance.

Market Opportunities

• The development of IoT and wireless sensor technologies has led to a rapid uptake of wireless sensors worldwide.
• Wireless sensors are now being employed in situations where they have not before been used due to the rapid development of energy-harvesting technologies like thin film and printed flexible batteries.
• Microbatteries’ excellent form factors, ultra-thin profiles, and minimal leakage characteristics make it possible to capture energy. Thin film and printed battery manufacturers anticipate the rising popularity of energy-harvesting-based autonomous wireless sensors to provide new business opportunities.

Explore the Booming Thin Film and Printed Batteries Market with Our Sample Report!

Key Takeaways from Thin Film and Printed Batteries Market Report:

• By 2033, the thin films and printed batteries market in the United Kingdom is likely to expand, with a CAGR of 19.3%.
• By 2033, the United States is expected to dominate the thin films and printed batteries market with a valuation of US$ 325.6 million.
• The thin films and printed batteries market was significantly expanding, with a size of US$ 150.4 million in 2022.
• The thin films and printed batteries sector expanded at a CAGR of 24.3% from 2018 to 2022.
• By 2033, China’s thin films and printed batteries market is projected to expand, with a CAGR of 21.3%.
• By 2033, South Korea is expected to expand significantly in the thin films and printed batteries business, with a CAGR of 20.7%.
• Japan’s thin films and printed batteries industry is likely to expand significantly, with a 19.6% CAGR by 2033.
• By 2033, the below 1.5 V segment is expected to dominate the market, with a CAGR of 20.1%, based on voltage.
• By 2033, the below 10 mAh segment is expected to dominate the market, with a CAGR of 20%, based on capacity.

Top Competitors and Their Winning Strategies

To improve their market positioning, makers of thin film and printed batteries have used various techniques, including new product introductions, product development, and acquisitions.

1. Samsung SDI Co., Ltd
2. Enfucell Oy Ltd.
3. Ultralife Corporation
4. Blue Spark Technologies
5. BrightVolt, Inc

Recent Developments:

• In March 2020, Wearable Temperature Tag, a new product from Enfucell, was just introduced. The tag is built using a combination of SoftBattery, NFC, and a sophisticated temperature sensor.
• With consistent investment in research and development, Samsung SDI secures breakthrough technologies and increases technological competitiveness. Moreover, Samsung SDI is taking a giant step toward the energy field by extending its business into the cutting-edge materials and components industry.
• Imprint Energy said in August 2019 that the developer’s kit for their flexible, ultrathin, secure, printable batteries is now more widely available. The batteries were created specifically to power IoT devices integrated with Semtech’s LoRa devices for low power wide area networks and functioning with Bluetooth Low Energy and other standards.

Thin Film and Printed Batteries Market: Key Segmentation

By Type:

• Thin Films Batteries
• Printed Batteries

By Voltage:

• Below 1.5V
• Between 1.5V and 3V
• Above 3V

By Capacity:

• Below 10 mAh
• Between 10 mAh and 100 mAh
• Above 100 mAh

By Rechargeable:

• Primary Batteries
• Secondary Batteries

By Application:

• Consumer Electronics
• Smart Cards
• Smart Packaging
• Medical Devices
• Wireless Sensors
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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The temperature transmitter market is forecast to expand at 6.5% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 3.6 billion in 2023.

Temperature transmitters are gaining wide adoption due to the robust integration of technologies like AI, IoT, and robots in wearable technologies. Recent breakthroughs in sophisticated patient monitoring systems permitting remote healthcare are boosting the demand for temperature transmitters. These transmitters improve the intelligence of medical equipment like life-supporting implants.

Temperature sensors are gaining traction in several applications like blood analyzers, sleep apnea machines, ventilators, medical incubators, neonatal ICUs, kidney dialysis machines, and regulating the temperature of organ transplant systems.

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The emergence of technology-focused trends like hybrid vehicles, the electrification of vehicles, and smart transportation in the automotive industry are propelling the demand for IR-based non-contact transmitters.

Robust digitization in the healthcare sector is pushing the adoption of digitally enabled temperature transmitters for various applications. Due to the surging disease burden and the expanding population rate, different developing and developed economies are investing big bucks in digitizing healthcare infrastructure and hospitals. Thus, improving the prospects for temperature transmitters.

Key Takeaways:

• By 2033, the United States temperature transmitter industry is expected to amass US$ 1 billion by 2033. From 2023 to 2033, the market is projected to expand at a CAGR of 5.3%.
• The United Kingdom temperature transmitter industry is projected to gain a market value of US$ 173.8 million by 2033. The market is expected to assume a CAGR of 4.9% throughout the decade.
• China is expected to acquire a significant portion of the market in the forecast period. 2033 the country is projected to gain US$ 1.7 billion by 2033. In the next ten years, the market is expected to register a CAGR of 7.9%.
• The Japan temperature transmitter industry is expected to gain US$ 1 billion by 2033. From 2023 to 2033, the market is projected to register a CAGR of 6.7%.
• The South Korean temperature transmitter industry is expected to generate US$ 407 million by 2033. The market is projected to expand at a 6.9% CAGR in the forecast period.
• Based on sensing technology, the thermocouple segment is projected to be a top segment in the market. Over the forecast period, the segment is expected to register a CAGR of 6.3%.
• Based on industry, the power segment acquired the top position. From 2023 to 2033, the segment is estimated to account for a CAGR of 6%.

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Recent Developments:

• In November 2019, Endress+Hauser introduced the first-ever temperature transmitter with Bluetooth. These transmitters are iTEMP TMT71 and TMT72, and they offer high measuring performance, innovative functions, and convenient application across industries. The technology substantially improves plant availability, process efficiency, and cost reduction. The device is convenient and quick to operate via Endress+Hauser’s SmartBlue app.
• In March 2023, Amazon introduced a new Echo Dot with sensors for temperature and motion. The 5th Gen Echo Dot is equipped with a temperature sensor, better motion, audio detection, and tap gesture controls. The smart speaker works well with English, Hindi, and Hinglish. The device is compatible with Bluetooth so that users can listen to music from different smartphones.

Key Manufacturers:

• Emerson Electric Company
• ABB Ltd.
• Endress + Hauser AG
• Siemens AG
• Yokogawa Electric Corporation
• Wika Alexander Wiegand SE & Co. KG
• Johnson Controls, Inc.
• Honeywell International Inc.
• Schneider Electric SE
• Vaisala OYJ

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global Torque Converters Market for 2023 to 2033 is projected to expand from an estimated USD 5.5 billion in 2023 to USD 8.1 billion by 2033, reflecting a steady compound annual growth rate (CAGR) of 4.0% over the forecast period. This market growth is driven by the rising demand for efficient torque management in automotive and industrial applications, particularly within automatic transmissions and hybrid vehicles. Torque converters, which play a vital role in improving vehicle efficiency and reducing emissions, are seeing increased adoption as manufacturers seek advanced powertrain solutions to meet stricter global emission standards.

The continued evolution of hybrid vehicles has intensified demand for torque converters with enhanced efficiency and durability. Furthermore, the industrial sector’s focus on productivity and operational efficiency is also bolstering demand for high-performance torque converters in heavy machinery, especially across construction and mining applications.

With technology advancements and the introduction of electronically controlled torque converters, manufacturers are developing products that deliver smoother shifting, enhanced driving experience, and optimized fuel consumption. The North American and Asia-Pacific regions are expected to dominate the market due to the strong presence of key automotive manufacturers and rapid industrialization.

Key Takeaways from Market Study

• The global Torque Converters Market is estimated to reach USD 5.5 billion in 2023 and is projected to grow at a CAGR of 4.0% to USD 8.1 billion by 2033.
• Automatic transmissions continue to account for a significant market share, driven by rising consumer preference for convenience and fuel efficiency.
• North America and Asia-Pacific are leading the market due to a high concentration of automotive manufacturers and robust growth in industrial applications.
• The adoption of electronically controlled torque converters is expected to accelerate, offering precise control and improved fuel efficiency.

Drivers and Opportunities

Several factors contribute to the growth of the Torque Converters Market, including the rising demand for vehicles with automatic transmission systems and hybrid powertrains. Automotive manufacturers are focusing on optimizing fuel economy and reducing emissions, which is spurring the adoption of torque converters. Regulatory pressure across regions to reduce vehicular emissions further strengthens the market, driving investments in high-efficiency and durable torque converters.

Opportunities are also growing in the industrial sector, particularly within heavy machinery applications, where durable torque management is critical to operations. Technological innovations, such as electronically controlled torque converters, present further growth prospects by improving fuel economy, power delivery, and drivability.

Components Insights

The torque converter market comprises components such as the impeller, turbine, stator, and transmission fluid, all integral to its functionality. Among these, the turbine segment commands a prominent market share due to its critical role in transmitting power to the transmission. Technological improvements in each component, aimed at enhancing overall torque performance and fuel efficiency, are contributing to a more reliable and efficient market landscape.

Application Insights

In terms of application, automotive remains the dominant sector, driven by the growing preference for automatic transmissions in passenger and commercial vehicles. Industrial applications, including construction and mining, are also increasing their adoption of torque converters to improve operational efficiency. The hybrid vehicle segment is particularly noteworthy, as the demand for eco-friendly solutions is accelerating the integration of torque converters in hybrid powertrains.

Deployment Insights

Torque converters are primarily used in factory-installed (OEM) settings, with aftermarket applications representing a smaller share of the market. The OEM segment is driven by the steady increase in automatic and hybrid vehicle production, where factory-fitted torque converters provide efficient power management solutions. The aftermarket is also growing, particularly in regions with aging vehicle fleets, as torque converter replacements become essential for maintaining vehicle performance.

Key Companies & Market Share Insights

The Torque Converters Market is characterized by the presence of several key players, including ZF Friedrichshafen AG, EXEDY Corporation, Yutaka Giken Co., Ltd., BorgWarner Inc., and Valeo SA. These companies hold substantial market shares due to their extensive experience and focus on innovation. They continue to invest in research and development to introduce advanced, electronically controlled torque converters, catering to evolving consumer and industry requirements.

Recent Developments

• 2023: ZF Friedrichshafen AG launched a new series of electronically controlled torque converters aimed at hybrid vehicles, providing higher fuel efficiency and smoother power transitions.
• 2022: EXEDY Corporation expanded its production facility in Japan to meet the rising global demand for automatic transmission torque converters.
• 2021: BorgWarner Inc. announced the acquisition of Delphi Technologies, which is expected to enhance its product offerings in the powertrain and electrification segments.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global solar simulator market size is projected to exceed a valuation of US$ 8.4 billion in 2023. It is predicted to attain a valuation of US$ 14.6 billion by 2033. The market is expected to thrive at a CAGR of 5.6% from 2023 to 2033.

The demand for solar energy is growing as the world continues to put more emphasis on sustainable energy sources. Tests and evaluations of the performance of solar systems and panels rely heavily on solar simulators. The market for solar simulators is anticipated to rise as solar energy utilization in the residential, commercial, and industrial sectors increases.=

The solar energy industry is expanding quickly in emerging economies like India, China, Brazil, and other Southeast Asia and African nations. These regions have an enormous scope of unrealized solar energy-producing potential. The demand for solar simulators to satisfy testing and quality assurance standards is going to rise as the solar industry develops in these regions.
China is predicted to dominate the global market during the forecast period. Solar panels and their components are widely manufactured in China. The nation has thriving solar sector fuels the demand for solar simulators. The market for solar simulators is growing because manufacturers need credible testing tools to guarantee the performance and quality of their solar goods.

South Korea is predicted to follow China in terms of growth. South Korea is renowned for its technological and innovative advances. The nation has been actively engaged in research and development operations to increase solar energy efficiency and create cutting-edge solar technologies. Researchers and manufacturers rely heavily on solar simulators to test and improve novel materials, cell designs, and manufacturing processes.

Key Takeaways from Solar Simulator Market Report:

• The global sensor hub industry size developed at a CAGR of 6.5% from 2018 to 2022.
• In 2018, the global market size stood at US$ 6.2 billion.
• The global market size stood at US$ 7.9 billion in 2022.
• The Class AAA segment is anticipated to thrive at a CAGR of 5.4% from 2023 to 2033.
• The PV Cell/Module and Material Testing segment is projected to exhibit a CAGR of 5.3% from 2023 to 2033.
• China is predicted to showcase a CAGR of 7.1% from 2023 to 2033.
• South Korea is anticipated to exhibit a CAGR of 6.1% from 2023 to 2033.
• The United States market for solar simulators is expected to thrive at a CAGR of 4.5% from 2023 to 2033.