The global printed battery market is expected to have major growth due to the rise of flexible electronic devices, over the forecast period. With the advancement in wireless technology, the concept of low power microelectronic devices has come into existence.
Nowadays, almost all the devices are connected to the internet in order to have communication with other devices. This has led to higher adoption rate of low cost, wearable, and flexible electronics. In order to power these devices, batteries that are thin, flexible, and mechanically compliant are essential. Therefore, the concept of printed batteries came into existence. These can be described as a battery in which one of the components is a processed solution deposited using printer.
Key Drivers:
- The growing number of applications in the electronics market
- Cells fabricated using printing offer various benefits like low+ cost, a higher flexibility of form factor, and ease in production as compared to traditional batteries.
- The integration of such batteries in advanced electronic devices is easier
The printed battery market is expected to grow at a CAGR of 24.7% between 2016 – 2022 to reach USD 1.25 billion by 2022.
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Market Segmentation:
The Global Printed Battery Market is broadly classified by Product Type and Top Players/Brands. By product, the market is broadly classified into Below 1.5 V, Between 1.5 V and 3 V, and Above 3 V.
To determine the market segments, the report covers 13 key players (along with key players’ sales, price, revenue, and market share in the global market). A few of them are:
- Blue Spark Technologies, Inc. (U.S.)
- Cymbet Corporation (U.S.)
- Jenax Inc. (South Korea)
- EnerDel (U.S.)
- Enfucell Oy (Finland)
In addition, this report discusses the key drivers influencing market growth, opportunities, trends and their impact on present and future development, and the challenges and risks faced by key players and the market as a whole.
Regional Analysis:
In the report, by region, the global market is divided into Americas (United States, Canada, and Mexico), Europe (Germany, France, UK, Italy, and Russia), Asia Pacific (China
Japan, Korea, Southeast Asia, and India), and South America (Brazil, Argentina, and Colombia).
Conclusion:
The market for thin film and printed batteries in the APAC region is expected to grow at the highest CAGR between 2016 and 2022.
Rechargeable batteries lead the market and are expected to witness the highest growth rate during the forecast period. Applications such as consumer electronics, wearable devices, medical devices, and wireless communication require a rechargeable battery with a long lifespan. Rechargeable batteries are widely used in portable consumer electronic and wearable devices.
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