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Flexible Batteries Market Outlook, Competitive Landscape and Forecasts to 2026

08-29-2018 01:56 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports

/ PR Agency: Transparency Market Research Reports
Flexible Batteries Market Outlook, Competitive Landscape

Transparency Market Research (TMR) (www.transparencymarketresearch.com) has published a new report titled, ‘Flexible Batteries Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’. According to a new report, the global flexible batteries market was valued at US$ 250.0 Mn in 2017 and is projected to expand at a CAGR of 30.0% from 2018 to 2026. The global market for flexible batteries market is primarily driven by the rise in demand for flexible batteries from electronic manufacturers and assemblers. The flexible batteries market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the increase in presence of electronic manufacturers and assemblers. Rise in production capacities of manufacturing companies and assembly plants in the region is likely to drive the demand for flexible batteries during the forecast period.

Read Report Overview @
https://www.transparencymarketresearch.com/flexible-battery-market.html

Increase in Demand for Smart Wearable Devices

Internet of Things (IoT) devices connect numerous objects to the internet. IoT devices, such as smart wearable devices, near-body electronics, on-body electronics, in-body electronics, and electronic textiles, are widely used to monitor, diagnose, gauge, navigate, and track applications. These wearable devices are powered by thin films and flexible batteries. Widespread deployment of IoT enabled smart wearable devices is anticipated to boost the demand for flexible batteries. Increase in demand for smart watches, fitness bands, smart glasses, smart video/ photo devices, and smart clothing is projected to propel the global flexible batteries market during the forecast period.

Growing Demand for Flexible Batteries in Health Care Applications

Flexible batteries are used in medical patches and patient monitoring, transdermal drug delivery, and accelerated healing devices. Transdermal patches are used for self-administered drugs through direct skin contact. Transdermal and medical patches provide pain relief, wound care, and cosmetic treatments owing to their efficient drug delivery rate. Rise in adoption rate of transdermal and medical patches for medical and pharmaceutical applications is expected to drive the flexible batteries market. Implantable medical devices, such as pacemakers, defibrillators, and neurostimulators, require flexible batteries that are produced using non-flammable electrolytes and organic composites. Flexible batteries have low manufacturing cost and long life cycle and hence, the demand for flexible batteries in implantable medical devices is projected to increase.

Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23513

North America and Europe are at the Forefront of Global Demand

In terms of region, the global flexible batteries market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe account for a substantial share of the global market owing to the advancements in technology and extensive research & development activities in the field of flexible batteries. Demand for flexible batteries in Asia Pacific is anticipated to increase at a rapid pace in the near future due to the emergence of large OEMs, electronic component manufacturers, and electronic device assemblers in the region. Rapid industrialization and growing electronics industry in China, Japan, and South Korea are likely to boost the demand for flexible batteries in the next few years.

For More Information:
https://www.prnewswire.com/news-releases/global-synthetic-graphite-market-to-reach-around-us-7-bn-by-2026-increase-in-demand-for-graphite-electrodes-to-drive-market-transparency-market-research-855855146.html

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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