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Global Flexible Secondary Rechargeable Battery Market Projected to Reach USD 121.8 Million by 2026

14-Jul-2021 | Facts and Factors

According to a Facts and Factors market research report, the global flexible secondary rechargeable battery market is estimated to grow at a CAGR of around 22.5% from 2021 to 2026. The market observed sales revenue of USD 35.8 Million in 2020 which is expected to be valued at USD 121.8 Million in 2026.

A flexible battery allows for flexibility and portability in electrical devices. The product's longevity, efficiency, and weight all improve when regular batteries are replaced with flexible batteries. These are used in smart cards, flexible screens, wearable electronics, and novel packaging. Flexible batteries offer a number of benefits, including environmental friendliness and convenience of use.

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The global flexible secondary rechargeable battery market is being propelled owing to the demand for thin and flexible batteries in electronic devices, as well as the ongoing shrinking of electronic products. Furthermore, huge firms are expanding their research and development activities, are promoting the growth. However, high investment needs and a lack of proper rules for the development of flexible batteries have impeded the market's growth. Wearable electronics and the development of thin and flexible batteries in the Internet of Things are expected to generate market growth.

The flexible rechargeable battery market may be classified into thin-film li-ion, flexible lithium polymer, printed battery, curved battery, and paper battery based on the technology utilized in flexible secondary rechargeable batteries. The thin film Li-Ion battery segment held the largest market share in the global flexible secondary rechargeable battery market. The use of thin film batteries in a variety of quickly emerging applications such as smartwatches, smartphones, and fitness bands, among others, is one of the primary reasons for these segments' dominance. The flexible rechargeable battery market can be divided into different categories based on the application including consumer electronics, smart packaging, transportation, healthcare sector, and others. The consumer electronics sector is predicted to maintain its dominance over the projection period of 2021-2026. The demand for IoT and wearable devices is expected to drive this segment's growth in upcoming years.

In the Asia Pacific, consumer electronics, notably smartphones and laptops, have a bright future. As a result, increased demand for wearable devices and technological developments in developing nations such as China, India, and Japan, among others, are likely to drive the market in this region throughout the forecast period.

In addition, the flexible secondary rechargeable market in the United States is expected to grow gradually over the forecast period, owing to increased demand for smart packaging in RFID and anti-theft tags, which pushes up demand for flexible batteries. Additionally, increasing the usage of flexible batteries in smart packaging increases operational efficiency, eliminates errors, and saves money. As a result, rising demand for smart packaging and wearable gadgets is likely to drive market growth in North America and the Asia Pacific, respectively.

Top Market Players

Major market players operating in the flexible secondary rechargeable market are LG Chem Ltd., Apple Inc., Samsung SDI Co. Ltd, Panasonic Corporation, Blue Spark Technology, Enfucell Oy, Ultralife Corporation, NEC Energy Solutions Inc., and STMicroelectronics N.V. among others.

Browse the full report “Flexible Secondary Rechargeable Battery Market by Technology (Thin-Film Li-Ion, Flexible Lithium Polymer, Printed Battery, Curved Battery, and Paper Battery) by Application (Consumer Electronics, Smart Packaging, Transportation, Healthcare Sector, and Others): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” at https://www.fnfresearch.com/flexible-secondary-rechargeable-battery-market

This report segments the flexible secondary rechargeable market as follows:

Flexible Secondary Rechargeable Market: By Technology Segmentation Analysis:

  • Thin-Film Li-Ion
  • Flexible Lithium Polymer
  • Printed Battery
  • Curved Battery
  • Paper Battery

Flexible Secondary Rechargeable Market: By Application Segmentation Analysis

  • Consumer Electronics
  • Smart Packaging
  • Transportation
  • Healthcare Sector
  • Others

Flexible Secondary Rechargeable Market: Regional Segmentation Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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