An upcoming trend in battery industry
Flexible batteries are the upcoming trend in the battery industry. The flexible batteries are batteries which are flexible, light weight, and easy to integrate into products with limited internal space. Its flexibility feature enables it to be cut, folded rolled into different size and shape to complement any shape of the product, without any loss of efficiency and compliments products with limited internal space. The market for flexible battery expected to grow at a high CAGR of 53.68% between 2015 and 2020.
The flexible market is segment on basis of technology, chargeability, applications and region. Flexible battery based on technology has been segmented into printed battery, thin-film li-ion battery, flexible lithium polymer battery, curved battery, and paper battery. Thin-film li-ion battery held the highest market share. The advancement in these applications such as RFID tags and smart labels, smart cards, wearable devices, and medical devices, is increasing the demand for thin-film li-ion battery batteries and thus driving the growth further. On the other hand, there are two types of flexible battery: rechargeable and non-rechargeable.
Complete report on Flexible batteries Market spread across 166 pages with 75 tables and 92 figures Profiling 10 Companies is now available at http://www.rnrmarketresearch.com/flexible-battery-market-by-technology-thin-film-li-ion-flexible-lithium-polymer-printed-curved-and-paper-battery-chargeability-application-packaging-smart-card-wearable-electronics-and-region-global-forecast-to-2020-market-report.html
Flexible battery’s application area is evolving from packaging segment to consumer electronics devices. Integrating the flexible battery in place of conventional battery could make the product lighter, and increase its efficiency. Consumer electronics and wireless communication are emerging application segments for the flexible battery market. The development of sleeker and portable products with space constraints is increasing the demand for flexible battery. Moreover, the advantages of the flexible battery are also expected to open doors for new application segments. The APAC region is expected to be the fastest-growing region in the flexible battery market. APAC is home to major consumer electronics manufacturers, namely, Samsung Electronics Co. Ltd. (South Korea), Panasonic Corp. (Japan), Sony Corp. (Japan), and LG Electronics Inc. (South Korea), which always focus on technology innovations.
The detailed analysis of the Flexible Battery Market is done in the Market Research Report – “Flexible battery Market– (2015-2020)”. The report predicts that the flexible battery market is witnessing rapid growth; it is expected to reach USD 617.9 million by 2020, and grow at a CAGR of 53.7% between 2015 and 2020. The report provides the market size and forecast of flexible battery with broader segmentation – by Technology (Thin-film Li-ion, Flexible Lithium Polymer, Printed, Curved, and Paper Battery), Chargeability, Application (Packaging, Smart Card, Wearable Electronics) and Region (North America, Europe, Asia-Pacific, and Rest of the World).
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Further, the companies in this market are continuously developing innovative flexible battery. The major players involved in the flexible battery market include Samsung SDI Co. Ltd. (South Korea), LG Chem Ltd. (South Korea), STMicroelectronics N.V. (Netherland), Rocket Electric Co. ltd (South Korea), Blue Spark Technologies Ltd. (U.S.), Enfucell Oy Ltd. (Finland), Paper Battery Co. Inc. (U.S.), and BrightVolt, Inc. (U.S.), among others. Wherein, Samsung SDI Co. Ltd. (South Korea), and STMicroelectronics N.V. (Netherland) are two key players dominating the flexible battery market.
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