TMCNet:  Flexible Battery Market Worth 617.86 Million USD by 2020

[October 20, 2015]

Flexible Battery Market Worth 617.86 Million USD by 2020

PUNE, India, October 21, 2015 /PRNewswire/ —

According to the new market research report “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”, published by MarketsandMarkets, the flexible battery market is estimated to reach USD 617.86 Million by 2020, at a CAGR of 53.68% between 2015 and 2020.

Browse 75 market data Tables and 92 Figures spread through 187 Pages and in-depth TOC on “Flexible Battery Market.

Early buyers will receive 10% customization on this report. 

The flexible battery market is expected to grow at a CAGR of 53.68% between 2015 and 2020. Companies are developing new technologies and cost-effective solutions in order to deal with trends such as products and devices being portable, flexible, automated and connected, including factors such as safety, security, and environmental responsibility. With the help of flexible battery, the end users are able to shift from conventional battery to flexible battery for products with limited internal space.

The advantages of thin- film li-ion battery are flexibility, light weight, can be rolled and folded without any loss of energy, and their ability to be disposed of easily, are dragging the manufacturers to consume them over a conventional lithium-ion battery which is bulky and rigid.

The flexible battery market has been segmented based on the technology, chargeability, application, and geography. Packaging segment is expected to lead the market during the forecast period and they accounted for ~30% of share in 2014. This market is expected to grow at a CAGR of 47.91% between 2015 and 2020. The market for the same is expected to grow at a high CAGR of 77.58% between 2015 and 2020 because of the growing advancements in consumer electronics.

This report describes the drivers, restraints, opportunities, and challenges with respect to the flexible battery market. The factors which are driving the flexible battery marke include increasing miniaturization of products. The restraining factors affecting the market include high capital investment and the lack of proper standards for developments. Wearable electronics are electronic device and are expected to provide new growth opportunities for players in the flexible battery market. Unavailability of material can produce sufficient power supply and is the key challenges for the growth of this market.

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This report provides a detailed view of the market across different regions, namely, North America, Europe, Asia-Pacific, and RoW. North America accounted for the largest share of ~35% of the flexible battery market in 2014; the market in the region is expected to grow at a CAGR of 51.97% between 2015 and 2020. 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)Rocket Electric Co. ltd (South Korea), Blue Spark Technologies Ltd. (U.S.), Enfucell Oy Ltd. (Finland), Fullriver Battery New Technology Co., Ltd. (China), Paper Battery Co. Inc. (U.S.), BrightVolt, Inc. (U.S.), and Ultralife Corporation (U.S.) among others.

Browse Related Reports 

Flexible Electronics Market by Components (Display, Battery, Sensor, Photovoltaic, Memory), Circuit Structure (Single-Sided, Double-Sided, Rigid) Application (Consumer Electronics, Healthcare, Automotive, Energy and Power), & by Geography – Analysis & Forecast to 2014 – 2020

Wearable Electronics and Technology Market by Applications (Consumer, Healthcare, Enterprise), Products (Eyewear, Wristwear, Footwear), Form Factors and Geography – Analysis & Forecast to 2014 – 2020

About MarketsandMarkets  

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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