Printed Batteries Market Driven by the Escalating Sales of Electronic Wearable Devices
According to the latest report by IMARC Group, the global printed batteries market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 22% during forecast period (2021-2026).
Report Metric
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
Printed batteries refer to one of the crucial components of printed electronics. They are based on a zinc manganese dioxide system that does not require the use of mercury, thereby making them environment friendly in nature. They involve the use of different active materials from solution-based inks that are deposited under a substrate using suitable printing techniques, including screen, stencil and spray printing. They are available in the market in several varieties, such as disposable, rechargeable, low current, high current and lithium. These batteries are widely used for low power sources in thin and flexible products. Some of the most common application segments of these batteries include wireless sensors, medical implants, electronic wearable devices and RFID tags.
Market Trends
The market is primarily driven by the escalating sales of electronic wearable devices across the globe. These devices offer numerous advantages, including compact structure and lightweight properties, due to which they are widely preferred by the masses. Printed batteries form an essential component of these devices as they are thin, flexible and extremely mechanically compliant in nature. In addition to this, they are relatively affordable while offering ease in production when compared with traditional batteries due to less complicated fabrication procedures involved in their manufacturing process. This, along with the changing spending patterns of the masses and the increasing penetration of high-speed internet on the global level, is providing a thrust to the market growth.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Printed Batteries Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the key players being Blue Spark Technologies Inc., BrightVolt Inc., Cymbet Corporation, Enfucell Oy, FLEXEL LLC, Imprint Energy Inc., NEC Corporation, Planar Energy Devices Inc., Samsung SDI Co. Ltd. and Xymox Technologies Inc.
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The report has segmented the market on the basis of Product Type, Voltage Range, Application and Region.
Breakup by Voltage Range:
Below 1.5 V
Between 1.5 V to 3 V
Above 3V
Breakup by Product Type:
Rechargeable
Non- Rechargeable
Breakup by Application:
Consumer Electronics
Energy Harvesting
Medical Devices
Smart Packaging
Smart Cards
Wearable Technology
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
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