Flexible Batteries Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033

LONDON, GREATER LONDON , UK, June 26, 2024 /EINPresswire.com/ -- The flexible batteries market, characterized by its ability to bend and conform to various shapes, is experiencing rapid growth. Starting at $0.21 billion in 2023, the market is projected to grow to $0.27 billion in 2024, marking a compound annual growth rate (CAGR) of 26.9%. It will grow to $0.63 billion in 2028 at a compound annual growth rate (CAGR) of 24.1%. This growth can be attributed to increased demand from the pharmaceutical industry, food preservation needs, and the rise in clinical research.

Increasing Adoption of Wearable Devices Drives Market Growth
The rising adoption of wearable devices, such as smartwatches and fitness trackers, is a key driver propelling the flexible batteries market forward. These devices rely on flexible batteries to provide extended battery life and ensure optimal performance even under repeated bending. According to the International Data Corporation, global shipments of wearables increased from 492,247,834 units in 2022 to 519,839,947 units in 2023, with projections to reach 625,399,055 units by 2027. This surge in wearable technology adoption is significantly boosting the demand for flexible batteries.

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Flexible Batteries Market Major Players and Market Innovations
Leading companies in the flexible batteries market, such as Apple Inc., Panasonic Corp., and Samsung SDI Co. Ltd., are focusing on innovation to cater to diverse consumer needs. For instance, EVLO Energy Storage Inc. introduced Evloflex, a flexible battery storage system designed for efficient renewable energy storage and grid resilience. Evloflex features advanced lithium-iron phosphate (LFP) battery chemistry and state-of-the-art control systems, enhancing safety and scalability.

Segments of the Flexible Batteries Market
• Type: Thin-Film Batteries, Printed Batteries
• Voltage: Below 1.5V, Between 1.5V And 3V, Above 3V
• Capacity: Below 10 mAh, Between 10 mAh And 100 mAh, Above 100 mAh
• Rechargeability: Primary Batteries, Secondary Batteries
• Application: Consumer Electronics, Smart Packaging, Smart Cards, Medical Devices, Wireless Sensors, Others Applications

Asia-Pacific Leads Market Growth
Asia-Pacific emerged as the largest region in the flexible batteries market in 2023 and is expected to maintain its dominance through the forecast period. The region's rapid industrialization and technological advancements are driving significant market growth.

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Flexible Batteries Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Flexible Batteries Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on flexible batteries market size, flexible batteries market drivers and trends, flexible batteries market major players, competitors' revenues, market positioning, and market growth across geographies. The flexible batteries market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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