COVID19:FLEXIBLE BATTERY MARKET TO REACH USD 380.2 MILLION BY 2027 | CAGR 26.5% — FORENCIS RESEARCH

  • According to the new market research report “Flexible Battery Market by Type (Thin-Film Battery, Printed Battery, Curved Battery and Other), by Component (Electrodes, Electrolytes and Others), by Chargeable Type (Rechargeable Battery and Single Use Battery), by Materials (Lithium Polymer, Zinc and Lithium Ion), by Voltage Type (: Below 1.5V, between 1.5V and 3V and above 3V), by Application (Consumer Electronics, Medical Tools, Entertainment, Smart Packaging, Wireless Communication/Sensor and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) — Global Forecast (2020 to 2027)”, the global Flexible Battery Market is estimated to reach USD 380.2 Million by 2027 at a CAGR of around 26.5% during the review period.
  • The flexible battery benefits with light weight, flexibility, high power and portable device which can be easily implement into the product such as wearable electronics and flexible device.
  • Moreover, these battery can be implemented to a various range of devices which require energy storage and can be used in both connected and wearable devices.
  • With the rising demand of Internet of things (IoT) devices is a key driver in the growth of medical sector in the forecast period. Also it being used in medical industries for designing and flexible battery to enhance the power and for smart patches.
  • The growing demand of the IoT device and use of flexible battery in medical device to treat the patients during the pandemic may lead to increase the demand of the market in the projected period.
  • One of the major key concern of the flexible battery market is the high cost of initial investment which may hamper the market growth. The high upfront costs with compared to various other technologies enable them to high cost make up for the high initial cost by providing high lifetime efficiency
  • The rising growth of smart cards in telecommunication and banking sector for payment applications has boost the growth of the thin film batteries of the flexible battery market in the anticipated period.
  • North America:
  • Europe
  • Ultralife Corporation:
  • Enfucell Oy:

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