Flexible Battery Market

Global Flexible Battery Market is valued at USD 153.5 Million in 2021 and is expected to reach USD 602.5 Million by 2028 with a CAGR of 25.6% over the forecast period.

Global Flexible Battery Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2021-2028: Increasing demand for flexible batteries from the electronic and the healthcare segments is one of the major factors driving the growth of the Global Flexible Battery Market.

Scope of Global Flexible Battery Market Report:-

Flexible batteries belong to batteries that can be twisted and folded involving primary and secondary batteries. The benefits of flexible batteries are their light weight, conformability, and portability, which makes them easy to be applied in products such as flexible and wearable electronics. Flexible batteries are crucial power sources to allow enormous flexible devices, which put forward additional needs, such as twistable, bendable, stretchable, and ultrathin, to adapt to mechanical deformation under the working situations.

The Covid-19 has disrupted the overall flexible battery market across the world. The country-wide lockdowns in order to limit the spread of SARS-CoV-2 had a direct influence on the expansion of industrial sectors. The production of flexible batteries was totally halted and further frightened the whole supply chain. As a result, battery costs have increased dramatically due to many constraints. Consequently, the Covid-19 pandemic is having a major impact on flexible batteries around the world, curbing investments and threatening to sluggish the development of the market.

Global Flexible Battery Market Segmentation:-

The global flexible battery market is segmented based on type, voltage, capacity, charge ability, application, and geography. Based on type, the global flexible battery market is segmented into thin-film batteries, printed batteries. Based on voltage, the market is segmented into below 1.5V, between 1.5V and 3V, and above 3V. Based on capacity, the global flexible battery market is segmented into capacity, below 10 mAh, between 10 mAh and 100 mAh, and above 100 mAh. Based on charge ability, the market is segmented into primary batteries and secondary batteries. Based on application, the global flexible battery market is segmented into consumer electronics, smart packaging, smart cards, medical devices, IoT devices, and others.

By Type:

• Thin-film 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 Charge Ability:

• Primary Batteries
• Secondary Batteries

By Application:

• Consumer Electronics
• Smart Packaging
• Smart Cards
• Medical Devices
• IoT Devices
• Others

Flexible Battery Manufacturers

Some of the key players for global flexible battery market are

• STMicroelectronics
• LG Chem Power. Inc
• Samsung Electronics
• Panasonic
• Blue Spark Technologies
• Rocket Electric Co., Ltd.
• Fullriver Battery USA
• Ultralife Corporation
• BrightVolt
• Enfucell
• Paper Battery Company
• Jenax Inc.
• Molex
• Lionrock Batteries (HK)
• Libest
• Apple
• Nokia
• Others.

Recent Developments

News- Volkswagen Group and bp Launched Strategic Partnership to Rapidly Roll-out EV Fast Charging in Europe

On April 28^th, 2022; Volkswagen and bp have launched their strategic partnership that boosts the implementation of electric vehicles (EVs) around Europe, revealing the first charger in Dusseldorf, Germany. The flexible battery-based chargers help to hasten bp’s rapid charging network roll-out at well-located sites in Europe.

NIO Launched Flexible Battery Upgrading Service

On December 6^th, 2021; NIO, a Chinese electric vehicle (EV) maker has launched a battery upgrading plan as well as its 100-kilowatt-hour battery. Users of the 70-kWh battery can currently opt to either purchase the new battery for a perpetual upgrade or flexibly upgrade for either 880 yuan ($133) each month or 7,980 yuan every year.

Global Flexible Battery Market Dynamics:-

The key market driver for the global flexible battery market is the increasing demand for flexible batteries from the electronic and the healthcare segments which are growing at a good rate. Flexible battery-powered medical implantable devices are used in pacemakers, defibrillators, and neuro-stimulators, owing to the long life span and biocompatible nature of flexible batteries. A number of medical devices are considerably used worldwide. For example; today, there are a projected about two million diverse types of medical devices on the world market, classified into more than 7000 generic device groups. Flexible batteries are broadly used in medical devices. As a result, the growing demand for flexible batteries in the medical segment is dramatically enhancing the market growth.

In addition, the rapid adoption of flexible batteries in electronic gadgets in developing countries, combined with growing urbanization, is significantly boosting the market growth. Flexible batteries are critical to the development of wearable electronics, which is a major market. Flexible thin-film batteries are directly produced in the lens form factor. Flexible batteries are easier to use in intricate devices with limited interior space since they are elastic, malleable, and lightweight by nature. Because of their qualities, these batteries are frequently utilized in wearable electronic devices such as smart glasses, smart watches, fitness bands, smart video/photo devices, and smart fabrics. Panasonic has created Lithium-ion batteries that are both creative and highly versatile. Wearable gadgets, such as smart watches, benefit from flexibility since it allows them to be tailored to the individual user.

However, the high cost related to flexible batteries may hamper the market growth. In spite of that, escalating need for mobile healthcare equipment and wireless healthcare monitoring devices necessitates th long-lasting energy sources which may create a massive market opportunity for the further growth of the market.

Global Flexible Battery Market Regional Analysis:-

North America is expected the capture the leading position in the global flexible battery market due to growing technological advancements, and the presence of a large number of players. For example; in August 2019, Imprint Energy developed accessibility of its ultrathin, safe, flexible printed batteries. Smart labels, medical patches, smart tags, pill bottle trackers, medicine-delivery pens, and other high-volume applications benefit from these imprint batteries. In addition to this, Bodynet is an extremely flexible sticker sensor developed by a Stanford University team that does not have an electrical chip or any other solid components. Enough electricity is obtained by the sensors to activate the sensing mechanism and transmit the reading back.

Asia Pacific is the fastest-growing region in the global flexible battery market. Constantly soaring demand for IoT-enabled devices and portable consumer electronics in Asian countries such as Japan, China, and South Korea is driving the growth of the flexible battery market in this region. Companies like Samsung SDI and LG Chem, based in South Korea, have developed curved and flexible batteries to power mobile smartphones, smart glasses, and wearable electronics.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 153.5 Million
Base year considered	2021
Forecast Period CAGR %:	25.6%
Market Size Expected in 2028:	USD 602.5 Million
Tables, Charts & Figures:	175
Pages	200
Flexible Battery Manufacturers	STMicroelectronics, LG Chem Power, Inc, Samsung Electronics, Panasonic, Blue Spark Technologies, Rocket Electric Co., Ltd., Fullriver Battery USA, Ultralife Corporation, BrightVolt, Enfucell, Paper Battery Company, Jenax Inc., Molex, Lionrock Batteries (HK), Libest, Apple, and Nokia and others.
Segments Covered	By Type, By Voltage, By Capacity, By Charge Ability, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

Key Benefits of Global Flexible Batteries Market Report:-

• Global Flexible Batteries Market report covers in-depth historical and forecasts analysis.
• Global Flexible Batteries Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, and Regional and Country Level.
• Global Flexible Batteries Market report helps to identify opportunities in the marketplace.
• Global Flexible Batteries Market report covers extensive analysis of emerging trends and the competitive landscape.