Flexible Batteries Market Outlook 2024: Exclusive Report By The Business Research Company | Apple Inc., Panasonic Corp., LG Chem Ltd., Toshiba Corporation, NEC Corporation, Samsung SDI Co. Ltd., ST Microelectronics N.V., Molex LLC, ProLogium Technology Co

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2113

The Business Research Company offers in-depth market insights through Flexible Batteries Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The flexible batteries market size has grown exponentially in recent years. It will grow from $0.21 billion in 2023 to $0.27 billion in 2024 at a compound annual growth rate (CAGR) of 26.9%. The growth in the historic period can be attributed to pharmaceutical industry growth, food preservation needs, increased demand for ready-to-eat meals, rise in clinical research, cosmetic industry utilization.

The flexible batteries market size is expected to see exponential growth in the next few years. It will grow to $0.63 billion in 2028 at a compound annual growth rate (CAGR) of 24.1%. The growth in the forecast period can be attributed to global vaccine development initiatives, biopharmaceutical pipeline expansion, growing nutraceuticals market, space exploration needs, e-commerce expansion in food industry. Major trends in the forecast period include increased demand for personalized medicine, continued advances in biotechnology, technological innovations, biotechnology advancements, global cold chain logistics expansion.

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Market Segmentation:
The main types of flexible batteries are thin-film batteries and printed batteries. Thin-film batteries are low-profile, flexible, and often disposable batteries with a small footprint making them ideal for flat electronic applications, wearable devices, and medical biosensors. They are available in below 1.5v, between 1.5v and 3v, above 3v voltages with below 10 mah, between 10 mah and 100 mah, above 100 mah capacities as primary batteries and secondary batteries for consumer electronics, smart packaging, smart cards, medical devices, wireless sensors, and others.

Major Driver - Increasing Adoption Of Wearable Devices In Flexible Batteries Market
The increasing adoption of wearable devices is expected to propel the growth of the flexible batteries market going forward. Wearable devices are electronic devices that can be worn on the user's body and are connected to the internet, allowing them to collect and transmit data. Flexible batteries are used in wearable devices to power devices for longer durations without frequent recharging and ensuring optimal performance and safety under repeated bending For instance, in October 2023, according to the International Data Corporation, a US-based corporation, global shipments of wearables increased for 492,247,834 in 2022 to 519,839,947 in 2023 and they are estimated to reach 625,399,055 by 2027. Therefore, the increasing adoption of wearable devices is driving the growth of the flexible batteries market.

Competitive Landscape:
Major companies operating in the flexible batteries market report are Apple Inc., Panasonic Corp., LG Chem Ltd., Toshiba Corporation, NEC Corporation, Samsung SDI Co. Ltd., ST Microelectronics N.V., Molex LLC, ProLogium Technology Co. Ltd, Rocket Electric Co. Ltd., Jenax, FULLRIVER Battery, Guangzhou Fullriver Battery New Technology Co. Ltd., Paper Battery Company Inc., Flexel LLC, Polyplus Battery Company, ITEN S.A., Blue Spark Technologies Inc., Enfucell Oy Ltd., Front Edge Technology Inc., Ilika plc, Imprint Energy Inc., Brightvolt Inc., Cymbet Corporation, Energy Diagnostics Inc.

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Top Trend - Technological Advancement Drives Further Growth In Flexible Batteries Market
Major companies operating in the flexible batteries market are focusing on developing innovative products with advanced features such as Evloflex to better serve customer demand. The Evloflex is a powerful and flexible battery storage system designed to efficiently and cost-effectively firm renewable energy at scale and enable grid resilience. For instance, in May 2023, EVLO Energy Storage Inc., a US-based energy storage company, unveiled its next-generation battery solution, Evloflex. The system is built with a focus on safety, featuring lithium-iron phosphate (LFP) battery chemistry, state-of-the-art control and communication architecture, and industry-leading safety features. The system is also easily configurable, flexible, highly scalable, and equipped with a powerful EMS for remote control and monitoring.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flexible Batteries Market Characteristics
3. Flexible Batteries Market Trends And Strategies
4. Flexible Batteries Market - Macro Economic Scenario
5. Flexible Batteries Market Size And Growth
…..
27. Flexible Batteries Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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