Global Printed Battery Market is valued at USD 110.5 Million in 2021 and is expected to reach USD 2146.4 Million by 2028 with a CAGR of 44.9% over the forecast period.
Global Printed Battery Market: Global Size, Trends, Competitive, And Historical& Forecast Analysis, 2021-2028: Miniaturization of electronic products, growing demand for printing batteries in medical devices, and technological advancements in 3D printing technologies are some of the major factors driving the growth of the Global Printed Battery Market.
Printed batteries are quite possibly the main components of printed electronics and they make utilize an assortment of active ingredients produced using solution-based inks. Appropriate printing procedures, incorporating screens, stencils, dispensers, and spray printing, as well as blade coatings, are used to keep the ink under the substrate. Arising trends of slim, thin, and adaptable items and gadgets like tablets and cell phones have increased the thin film or printable battery industry. These batteries are eco-friendly and are extensively energy-effective when compared with traditional ones. The significance of green eco-friendly advancements is observable as the effect on the climate is a predominant factor for the improvement of new and creative innovations. Printed batteries are for the most part utilized for low power sources and short life expectancy applications. Printed batteries are a great option in contrast to traditional batteries as a result of their compact construction, cost-effectiveness, portability, and adaptability. They utilize radio-frequency detecting, cosmetic and therapeutic patches, welcoming card sensors, data recording systems, equal bundling, and other shopper electronics items. Printed batteries are harmless to the ecosystem and strong, decrease material waste and permit quicker creation because of less complex manufacturing techniques.
The Covid-19 pandemic has shown a negative impact on the growth of the global printed battery market. The printed battery market is declining due to the decline in the production of items using these batteries. During the pandemic, the supply chain of the battery industry has affected, making it difficult to produce & distribute printed batteries. However, increasing utilization of printed batteries in medical devices to treat Covid-19 patients has helped the printed battery market to offset some of the losses incurred during the Covid-19 pandemic.
The global printed battery market is segmented on the basis of the voltage range, components, application, and region & country level. On the basis of voltage range, the global printed battery market is segmented above 3V, between 1.5V to 3V, and below 1.5V. By components, the market is segmented into the anode, electrolyte, cathode, and collectors. By application, the global printed battery market is segmented into packaging, consumer electronics, pharmaceuticals & healthcare, wearable devices, and others.
By Voltage Range:
Some major key players for the global printed battery market report cover prominent players like
On August 18th, 2021; Sakuu Corporation announced the launch of a pilot line with the capacity to produce solid-state batteries up to 2.5 MWh per year. Sakuu's 3D printing technology is designed to produce solid-state batteries that are 50% smaller and 30% lighter than current lithium-ion batteries, as well as less expensive to produce at higher volumes.
On March 19th, 2021; Evonik introduced new material technology for printable batteries at LOPEC Virtual Display. With the company InnovationLab, a group of specialized chemists demonstrates the integration of TAeTTOOz technology into printed electronics to open up new applications. TAeTTOOz was developed based on the so-called redox polymer of Creavis, Evonik's strategic innovation unit.
One of the major factors driving the growth of the global printed battery market is the increasing miniaturization of electronic products. Printed batteries are eco-friendly, low cost, thin and flexible, which is why they are attracted to consumer electronics. The use of printing in cell fabrication offers many advantages including the high flexibility of form factor, low cost, and ease of production compared to other simple batteries. The market for electronic devices including watches, mobile phones, and wearable medical devices, has increased the demand for printed batteries. Printed batteries are arising as ideal candidates to address the difficulties confronting the next generation of little portable electronics, wearables, and Internet-of-Things (IoT) gadgets. For example; as per India Cellular and Electronics Association (ICEA), India can possibly accomplish a value of US$ 100 billion in assembling laptops and tablets by 2025.
In addition, the rising demand for printed batteries in medical devices also drives the growth of the global printed battery market. Personal care, pharmaceutical, and medical equipment, and cosmetic patches are the main beneficiaries of printed batteries. The growing adoption of wireless healthcare monitoring systems and mobile medical devices is also contributing to the growth of the global printed battery market. Many hospitals are implementing various technologies such as mobile health applications, sensors, and remote patient monitoring to improve health care delivery. For instance; as per the news published, on April 10th, 2019; Ilika launched a tiny new solid-state battery for medical devices.
Moreover, technological advancements in 3D printing technologies are also boosting market growth. Leading electronics companies in the development of printed cells are using 3D printing technology. These 3D printing technologies are compatible with smart devices and demonstrate minimal volumetric expansion, stability, safety, and high-rate capability which is expected to boost the market growth. For instance; as per the news published, on December 13th, 2021; Blackstone Resources AG announced that it has reached significant milestones for its proprietary 3D-printing technology for printing lithium-ion solid-state batteries. However, the high cost associated with printed battery may hinder the growth of the global printed battery market. In spite of that, increasing demand for printed batteries, technological developments may create more opportunities for the further growth of the market.
Geographically, North America is expected to dominate the global printed battery market within the forecast period due to the increasing demand for wearables, rising demand for printing batteries in electronic devices, and growing research & development activities in this region. Increasing demand for wearables is driving the market's growth. Printed batteries are emerging as the ideal candidate to overcome the challenges facing the next generation of small portable wearables. For instance; according to The American Society of Mechanical Engineers, on July 15th, 2020, there are about 442 million users having at least one wearable device. In addition, the rising demand for printing batteries in an electronic devices is another factor boosting the market. With the emergence of new addressable applications and the insistent demand for devices such as passive radio frequency identification tags, smart cards, transdermal patches, the Internet of Things (IoT), and electronic wearable devices, all of these demand flexibility and thinness are expected to boost the demand. For instance; as per the news published; on April 11th, 2022; Printed electronics to accelerate the development of solid-state batteries.
The Asia Pacific is the fastest-growing region in the global printed battery market due to the increasing application of printed batteries in consumer electronic devices, rising adoption of IoT devices, and growing electronics device manufacturing industry in this region. For instance; as per the news published, on August 12th, 2019; Musashi Seimitsu & KeraCel developed 3D printed solid-state batteries for high volume production. Rising adoption of IoT devices drives the market in the region. For instance; according to Open Connectivity Foundation, there were 2.7 billion Internet of things (IoT) connected devices by 2020.
Middle East and Africa
|2018 - 2021
|2021 - 2028
|Market Size in 2021:
|USD 110.5 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 2146.4 Million
|Tables, Charts & Figures:
|Printed Battery Manufacturers
|BrightVolt Inc., Enfucell Oy, FLEXEL LLC, NEC Corporation, Planar Energy Devices Inc., Xymox Technologies Inc., Samsung SDI Co. Ltd., Blue Spark Technologies Inc., Cymbet Corporation, Imprint Energy Inc., and others.
|By Type, By Application
|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
By Voltage Range:
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