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Flexible Batteries Market: In-Depth Market Size, Industry Trends, and Strategic Insights Shaping Future Growth
Flexible Batteries Market
Flexible Batteries Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $0.63 billion In 2028 At A CAGR Of 24.1% :
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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Flexible Batteries Market Major Segments
The flexible batteries market covered in this report is segmented -
1) By Type: Thin-Film Batteries, Printed Batteries
2) By Voltage: Below 1.5V, Between 1.5V And 3V, Above 3V
3) By Capacity: Below 10 mAh, Between 10 mAh And 100 mAh, Above 100 mAh
4) By Rechargeability: Primary Batteries, Secondary Batteries
5) By Application: Consumer Electronics, Smart Packaging, Smart Cards, Medical Devices, Wireless Sensors, Others Applications
Key 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.
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Prominent 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.
Flexible Batteries Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the flexible batteries market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flexible Batteries Market Report Structure
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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