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Flexible Battery Market to Grow at a Healthy CAGR of 46.6% by 2022 According to New Research

Press Release   •   Feb 27, 2017 07:22 EST

According to the new market research report "Flexible Battery Market by Type (Thin-Film (Lithium-Ion, Lithium Polymer), Printed, Curved), Chargeability (Rechargeable, Single-Use), Application (Packaging, Smart Card, Wearable Devices, Consumer Electronics, Medical Devices) - Global Forecast to 2022" projects the market to grow at a high CAGR of 46.6% by 2022

The research report on the global flexible battery market covers the market on the basis of type, chargeability, application, and geography. The market has been segmented on the basis of type into thin-film battery, printed battery, curved battery, and others. On the basis of chargeability, the flexible battery market has been classified into rechargeable and single use. Further, the flexible battery market has been segmented on the basis of application into smart packaging, smart cards, consumer electronics, medical devices, wearable devices, wireless communication, and others. The report covers four major geographical regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).

Browse 64 market data tables and 47 figures spread through 150 pages and in-depth TOC on “Flexible Battery Market - Global Forecast to 2022 http://www.rnrmarketresearch.com/flexible-battery-market-by-technology-thin-film-li-ion-flexible-lithium-polymer-printed-curved-and-paper-battery-chargeability-application-packaging-smart-card-wearable-electronics-and-region-global-forecast-to-2020-market-report.html

The smart packaging application of the flexible battery held the largest market size in terms of value in 2015. Smart packaging includes printed electronics products such as disposable batteries, sensors, printed displays, and circuits as well as other electronic features such as anti-theft tags, RFID tags, and smart labels. The packaging requirements have been growing over the years as the packaging of products has a direct impact on customers’ decisions. Therefore, packaging manufacturers are integrating sound and display text and interactive media in packages using flexible power sources. These factors are driving the growth of the market for the smart packaging application of the flexible battery market during the forecast period.

Illustrative segmentation, analysis, and forecast for the market based on type, chargeability, application, and geography have been conducted to give an overall view of the flexible battery market.

The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the flexible battery market.

The major drivers, restraints, opportunities, and challenges for the flexible battery market have been detailed in this report.

The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.

The thin-film battery type is expected to dominate the global flexible battery market between 2016 and 2022. Thin-film batteries are used widely in applications such as smart packaging, smart cards, wearable devices, and medical devices. The trend of miniaturization in the products used in these applications has increased the demand for thin-film batteries, thereby driving the growth of thin-film battery market significantly. Thin-film batteries have a low self-discharge rate and cost less than lithium polymer batteries. Thus, they have a huge demand in electronics devices, thereby driving the growth of the thin-film flexible battery market.

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The market for flexible battery in the APAC region is expected to grow at the highest CAGR between 2016 and 2022.Major consumer electronics manufacturers in this region are modernizing their product designs to function using thin power sources for compatibility with the flexible designs of their products. As a result, the technological advancements in smart packaging and consumer electronics as well as the growing popularity of wearable devices in this region are fueling the growth of the market in the APAC region.

Major players involved in the development of flexible battery include Samsung SDI Co., Ltd. (South Korea), LG Chem Ltd. (South Korea), STMicroelectronics N.V. (Netherland), Enfucell Oy Ltd. (Finland), Blue Spark Technologies Ltd. (U.S.), Rocket Electric Co. ltd (South Korea), Fullriver Battery New Technology Co., Ltd. (China), Paper Battery Co. Inc. (U.S.), BrightVolt, Inc. (U.S.), Panasonic Corporation(Japan), Ultra life Corporation (U.S.), and NEC Energy Solutions (U.S.).

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