Press release
2025-2034 Flexible Batteries Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Flexible Batteries
What Is the Expected CAGR for the Flexible Batteries Market Through 2025?
The market size for flexible batteries has been experiencing a robust growth in recent times. This market is projected to increase from $0.27 billion in 2024 to $0.33 billion in 2025, constituting a compound annual growth rate (CAGR) of 25.0%. The expansion observed during this historical period can be linked to the expansion of the pharmaceutical industry, a demand for preserving food, the rising trend of ready-to-eat meals, growth in clinical research and the usage in the cosmetic industry.
What's the Projected Size of the Global Flexible Batteries Market by 2029?
The market size for flexible batteries is projected to experience remarkable growth in the upcoming years, reaching a valuation of $0.75 billion by 2029, with a compound annual growth rate (CAGR) of 22.7%. This projected growth during the forecast period can be attributed to multiple factors such as endeavors towards the global development of vaccines, biopharmaceutical pipeline expansion, the expanding nutraceuticals market, the demands of space exploration, and the swell of e-commerce in the food industry. Key trends expected in the forecast period are a rising demand for personalized medicine, persistent developments in biotechnology, technological creativity, advances in biotechnology, and a global expansion in cold chain logistics.
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Top Growth Drivers in the Flexible Batteries Industry: What's Accelerating the Market?
The flexible batteries market is anticipated to experience an upward trajectory due to the growing utilization of wearable devices. These wearables, being internet-enabled electronic instruments that can be attached to a user's body, offer the ability to gather and share information. Flexible batteries serve a crucial role in these wearable gadgets by allowing them to operate for extended periods without frequent recharging and providing maximum efficiency and safety even through repeated bending. For instance, as per the International Data Corporation - a firm based in the U.S, the worldwide shipment of these wearables saw an increase from 492,247,834 in 2022 to 519,839,947 in 2023, with a projection to rise further to 625,399,055 by 2027. As such, the rising use of wearable devices is fueling the expansion of the flexible batteries market.
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What Are the Key Trends Driving Flexible Batteries Market Growth?
Firms that are prominent players in the flexible batteries market are redoubling their efforts to create innovative products provided with state-of-the-art features such as Evloflex, in order to effectively meet customer expectations. Evloflex stands out as a potent and flexible battery storage system, conceptualized to amplify renewable energy at scale in a cost-efficient manner while simultaneously enhancing grid robustness. To cite an example, a US-based energy storage enterprise, EVLO Energy Storage Inc., launched their latest battery solution, Evloflex, in May 2023. The safety-centric design includes lithium-iron phosphate (LFP) battery chemistry, leading-edge control and communication structure, and top-tier safety features. The system delivers convenience in configuring, flexibility, impressive scalability and is supplemented with a robust EMS for distant control and observation.
What Are the Main Segments in the Flexible Batteries Market?
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
Subsegments:
1) By Thin-Film Batteries: Solid-State Thin-Film Batteries, Lithium-Based Thin-Film Batteries
2) By Printed Batteries: Printed Lithium Batteries, Printed Zinc Batteries
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Which Top Companies are Driving Growth in the Flexible Batteries Market?
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.
Which Regions Will Dominate the Flexible Batteries Market Through 2029?
Asia-Pacific was the largest region in the flexible batteries market in 2024. 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.
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