Press release
Thin-film Battery Market | 2022 Size, Growth Insights, Share, COVID-19 Impact, Emerging Technologies, Key Players, Competitive Landscape, Regional and Global Forecast to 2028
Thin-film Battery Market 2022-2028
New study report" Thin-film Battery Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2028″ has been added to Fortune Business Insights.
Market Overview:
The global thin-film battery market size is anticipated to hit USD 409.2 million by 2028 and exhibit a CAGR of 26.4% during the forecast period. The increasing miniaturization of electronic components and growing technological breakthroughs in thin-film battery are expected to boost the market growth. Fortune Business Insights™ has presented this information in its report titled "Thin-film Battery Market, 2021-2028". The market size stood at USD 64.9 million in 2020 and USD 79.3 million in 2021.
Additionally, the rising demand for medical devices, the Internet of Things (IoT), wearable electronics, and others is expected to boost the market growth in the coming years.
Driving Factors:
Technological Advancements to Foster Market Growth
The safety, life span, and density of thin-film battery have improved due to advancements in recent years. This has increased its demand for smartwatches, medical devices, and electronic devices and led the major players to create technological breakthroughs to make them more flexible and thin. Hence, rising technological advancements are expected to boost the thin-film battery market growth.
The rising adoption of wireless sensors coupled with the increasing use of smart cards for verification processes is expected to stimulate the market growth in the forthcoming years.
However, the high raw materials costs may impede market growth.
List of Companies Covered in the Thin-film Battery Market Report:
Blue Spark Technologies
Brightvolt Inc
CYMBET Corporation
Guangzhou Feng Jiang Battery New Technology CO. Ltd
Jenax Inc
Excellatron Inc
Molex
Soleras Advanced Coatings
Front Edge Technology Inc.
Ultralife Corporation
LG Chem
The Kurt J. Lesker Company
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Covide-19 Impact:
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Method of Research:
Fail-safe, modern research methodologies are employed for the Thin-film Battery market analysis. An exhaustive primary and secondary research conducted on the market using robust research techniques aid in the prediction of the market size at the end of forecast period. Top-up and bottom-down approaches were maintained in the entire market study.
Report Coverage:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into the regional developments.
List of major industry players.
Key strategies adopted by the market players.
Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Key Industry Development:
August 2021 - nVent announced the launch of a new range of advanced heat controllers named RAYCHEM 460 and RAYCHEM 465 to facilitate optimized fire protection and other critical heat-retaining uses.
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Segmentation:
Chargeability, Application, and Region are Studied
On the basis of chargeability, the market is bifurcated into disposable and rechargeable. On the basis of application, the market is categorized into portable electronics, medical devices, smart card & RFID, wearable devices, and others. Geographically, the market is classified into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
Regional Insights:
Technological Advancements to Boost Growth in North America
North America is estimated to dominate the global market due to rising technological developments, increasing research and development activities, and the presence of key market players, including Ultralife Corporation, Blue Spark Technologies, and others.
Asia Pacific is anticipated to attain fastest growth in the global thin-film battery market share. The rising adoption of IoT devices, swiftly developing consumer electronics industry, and increasing product demand are expected to foster growth for the market. Additionally, the rising demand for laptops, smartphones, and other consumer electronics in Singapore, India, China, and Japan is expected to boost the market growth.
Europe is predicted to acquire substantial growth in the forthcoming years due to growing technological developments and strict government safety policies for battery applications.
Latin America is expected to experience considerable growth due to increasing investments in modern medical equipment.
The Middle East & Africa is expected to exhibit significant growth due to rising government investments in R&D activities and healthcare.
Continue….
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Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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