Thin Film Battery Market to Register 28.99% CAGR During 2020–2027
According to the latest report by IMARC Group, titled “ Thin-Film Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” The global thin-film battery market reached a value of US$ 463.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,917.5 Million by 2027 , exhibiting at a CAGR of 28.99% during 2022-2027. Industry Overview and Application: A thin-film battery refers to a solid-state battery that uses solid electrodes and electrolyte. The internal structure of this battery resembles any other rechargeable battery wherein the ion migration mechanisms are generally the same. It comprises of a cathode and an anode along with a separator between the two. The electrodes improve the overall performance and increase its ability to function in various ranges. In line with this, A thin-film battery offers several benefits, such as high energy density, cost-effectiveness, compatibility, etc. Consequently, it finds