Business Industry Reports Printed Battery Market Growth by 2019- 2023 | Page 2
period. Technological proliferation and the lightweight and compact structure of these
batteries are expected to drive market growth.
The flexible Battery type is expected to dominate the global Printed battery market
between 2019 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 Printed 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 Printed battery
market.
Geographically, APAC is expected to be the fastest-growing market for Printed battery
during the forecast period. Major consumer electronics manufacturers in this region are
innovating their product designs to run on thin power sources for compatibility with the
flexible designs of their products. Thus, the advancement of technology in the smart
packaging, consumer electronics sector, and the growing popularity of wearable devices in
this region ate the major factors fueling the growth of the Printed battery market in APAC.
Moreover, the penetration of Internet of Things (IoT) in medical devices and the
miniaturization of wireless devices would further drive the demand for thin and Printed
batteries in this region.
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Segments and sub-segments of the Global Printed Battery Market by:
Key Players:
1 Blue Spark Technologies
2 BrightVolt
3 Jenax
4 Green Power Energy
5 Enfucell Oy
6 Flexel
7 Imprint Energy and more.......
Regions:
1 North America Country (United States, Canada)