Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "Thin Film and Printed Battery Market by Type (Thin Film, Printed), Voltage (Below 1.5 V, 1.5 to 3 V, Above 3 V), Capacity (Below 10 mAh, 10 to 100 mAh, Above 100 mAh), Battery Type (Primary, Secondary), Application, Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global thin film and printed battery industry is poised for remarkable growth, with market size accelerating from USD 187 million in 2023 to a projected USD 650 million by 2028. This growth, at an impressive CAGR of 28.2%, is largely driven by the surge in flexible electronics, smart wearables, and an increased need for slender, pliant energy sources in various devices.
Remarkable Growth Predicted for 1.5 to 3 V Voltage Thin Film and Printed Batteries
Reinforced by advancements in technology, batteries ranging from 1.5 to 3 V are seeing significant usage due to their ultra-thin and flexible characteristics. These batteries boast a robust, heavy metal-free composition, as well as a versatile cell construction that thrives under demanding conditions. With uses spanning RFID tags to smart cards and medical paraphernalia, these energy solutions offer versatile size, shape, and performance customization.
Smart Packaging Market to Maintain Strong Share Through 2028
The industry's trajectory is sustained by smart packaging's embrace of thin film and printed batteries, which provide an edge with their slim, pliable qualities. Their ability to be seamlessly integrated into products is propelling the adoption rate within this sector, particularly in smart cards and RFID-enabled packages.
Europe: A Vital Market Poised for Significant Growth
Europe is a key player with substantial growth prospects, attributable to its burgeoning IoT sector, robust wearables market, and governmental backing. The packaging industry's pivot to smart solutions is expected to bolster the demand for flexible power sources, with innovations in IoT and wireless technology propelling the market forward.
Major Market Participants Leading the Charge
Prominent companies across the globe are at the forefront of the thin film and printed battery market, with a range of offerings tailored to fit the evolving demands of technology and consumers.
Market Segmentation and Research Coverage
The multi-faceted thin film and printed battery market spans various components, including electrodes, substrates, and electrolytes. The diversity extends to materials used, such as lithium-ion, lithium polymer, and zinc. The industry caters to an array of applications from medical devices to consumer electronics, influencing market trajectory across North America, Europe, Asia Pacific, and Rest of World (RoW).
Key Insights for Stakeholders and Market Strategy
- An in-depth look at factors fueling market expansion, encompassing industry trends and uptake in IoT and medical devices.
- Insights into product innovation and strategic planning, shedding light on burgeoning industry segments and stakeholder benefits.
- A comprehensive analysis of regional market developments, pinpointing lucrative opportunities for investment and vertical growth.
- A detailed assessment of market competition, offering a strategic edge through knowledge of industry leaders and their market positioning.
Driving Forces and Opportunities within the Market
The market is energized by key drivers such as the proliferation of miniaturized devices and printed electronic components. However, opportunities also arise from the evolution of next-generation batteries and the widespread adoption of wireless sensors on a global scale.
The thin film and printed battery market report provides critical information for stakeholders, unveiling trends and forecasting market shifts, aiding in decision-making and strategizing for further market penetration and expansion.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 199 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $187 Million |
| Forecasted Market Value (USD) by 2028 | $650 Million |
| Compound Annual Growth Rate | 28.2% |
| Regions Covered | Global |
Companies Mentioned
- Central Midori Int’L Pte Ltd.
- Cymbet Corporation
- Energy Diagnostics
- Enfucell
- GMB Co., Ltd.
- Ilika plc
- Imprint Energy
- Jenax Inc.
- Molex, LLC
- NGK Insulators, Ltd.
- Prelonic Technologies
- Printed Energy Pty Ltd.
- Prologium Technology Co., Ltd.
- Renata SA
- Rocket Poland Sp. Z O.O.
- Samsung Sdi Co., Ltd.
- Shenzhen Grepow Battery Co., Ltd.
- Ultralife Corporation
- Varta Ag
- Zinergy
For more information about this report visit https://www.researchandmarkets.com/r/uy0yva
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