Flexible Battery Market
Flexible Battery Market Forecasts to 2030 - Global Analysis by Type (Thin-Film Batteries Printed Batteries, Curved Batteries and Other Types), Material, Chargeability, Capacity, Application and By Geography
According to Stratistics MRC, the Global Flexible Battery Market is accounted for $219.7 million in 2024 and is expected to reach $917.4 million by 2030 growing at a CAGR of 26.9% during the forecast period. A flexible battery is a type of energy storage device designed to be bendable, stretchable without losing functionality. Unlike traditional rigid batteries, flexible batteries use materials like thin films, conductive polymers, allowing them to conform to different shapes. They are lightweight, durable, and ideal for wearable electronics, medical devices, and flexible displays. Their flexibility does not compromise their energy storage capacity, making them highly efficient for portable and compact devices.
Market Dynamics:
Driver:
Growing wearable devices market
The growing wearable devices like smartwatches, fitness trackers, and health monitoring devices require batteries that can conform to various shapes without compromising functionality. Flexible batteries are ideal for these devices, as they can bend, stretch, and fit into small, curved designs. The rising consumer interest in fitness, healthcare, and smart accessories drives manufacturers to incorporate flexible batteries to enhance comfort, design, and usability, fuelling their adoption and growth in the wearable technology sector. This expanding demand boosts the overall flexible battery market.
Restraint:
Limited energy density
Limited energy density in flexible batteries typically offer lower energy densities compared to traditional lithium-ion batteries, making them less suitable for devices requiring long-lasting or high-performance energy storage. This limitation reduces their appeal in sectors like electric vehicles or large-scale energy storage, where high capacity is critical. As a result, flexible batteries are currently confined to smaller devices like wearables and medical sensors, limiting their market expansion and adoption in more energy-intensive industries.
Opportunity:
Advances in energy density and storage
Advances in energy density and storage allows flexible batteries to store more energy in smaller, lightweight forms, making them ideal for applications in wearables, medical devices, and foldable electronics. This development addresses one of the key limitations of flexible batteries, enabling longer-lasting devices without compromising flexibility. As energy storage efficiency improves, flexible batteries can meet the increasing demands of emerging technologies, driving their adoption in consumer electronics, IoT, and advanced healthcare solutions.
Threat:
Material supply constraints
Material supply constraints like graphene, conductive polymers, and thin-film substrates, which are critical for their production are often costly, rare, or difficult to source in large quantities, driving up manufacturing costs and delaying mass production. Additionally, the dependency on a few key suppliers can create bottlenecks, leading to supply chain disruptions. This restricts the scalability of flexible battery production, impacting innovation and competitiveness. As demand for flexible batteries increases, the pressure to secure a reliable supply of materials grows, slowing market growth.
Covid-19 Impact
The COVID-19 pandemic had a mixed impact on the flexible battery market. Initially, disruptions in supply chains and manufacturing slowed production and delayed project timelines, particularly in electronics and wearable sectors. However, the increased demand for healthcare technologies, remote monitoring devices, and home fitness equipment during the pandemic accelerated the need for flexible batteries. As consumers turned to smart wearables and health-tracking devices, the market saw a surge in interest and investment. Additionally, the focus on sustainability and innovative energy solutions post-pandemic has reinforced the relevance of flexible batteries in various applications, supporting long-term growth in the sector.
The thin-film batteries segment is expected to be the largest during the forecast period
The thin-film batteries segment is expected to be the largest during the estimation period, due to lightweight, compact, and high-energy-density solutions suitable for a wide range of applications. Their unique structure allows for flexibility and adaptability, making them ideal for integration into wearable devices, smart textiles, and flexible electronics. As industries increasingly seek miniaturized power sources, thin-film batteries provide a viable alternative to traditional batteries, enhancing design possibilities.
The rechargeable batteries segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the rechargeable batteries segment is predicted to witness the highest growth rate, due to the growing demand for sustainable, long-lasting energy solutions in portable and wearable devices. Flexible rechargeable batteries, capable of maintaining performance through multiple charge cycles, enable the development of innovative products in industries such as healthcare, consumer electronics, and smart textiles. Moreover, their lightweight and compact design fits seamlessly into modern devices, driving market growth as manufacturers seek efficient energy storage solutions that meet consumer expectations for portability and sustainability.
Region with largest share:
The Asia Pacific region is projected to account for the largest market share during the forecast period, due to innovation and economic growth. With a strong presence of electronics manufacturers, countries like China, Japan, and South Korea are leading in the development and adoption of flexible batteries for wearable devices, IoT applications, and medical technologies. This market growth creates job opportunities, enhances local supply chains, and attracts investments in research and development. Additionally, the increasing emphasis on sustainability and eco-friendly technologies aligns with regional initiatives for green energy, positioning Asia Pacific as a key player in the global transition to advanced energy solutions.
Region with highest CAGR:
During the estimation period, the North America region is forecasted to record the highest growth rate, by fostering innovation in technology and boosting the economy. As major players in consumer electronics, wearables, and medical devices, North American companies leverage flexible batteries to create cutting-edge products that meet consumer demands for portability and sustainability. Additionally, increased investment in flexible battery technology aligns with environmental initiatives, promoting the use of eco-friendly energy solutions. The region’s focus on advanced materials and technology development positions it as a leader in the flexible battery market, enhancing competitiveness on a global scale.
Key players in the market
Some of the key players profiled in the Flexible Battery Market include Samsung SDI, LG Chem, Blue Spark Technologies, IMEC, Enfucell, FlexEl, Sion Power, VARTA AG, Adept Technology, Panasonic, Sierra Wireless, EnergyHub, Molicel, STMicroelectronics, Energizer Holdings, Eveready Industries India Ltd., Nanotech Energy, EPE, PowerFilm Solar and Hahnemühle FineArt.
Key Developments:
In September 2024, Panasonic connected projection technology to illuminate BLINK® Cincinnati; this collaboration underscores Panasonic Connect’s dedication to artistic endeavors that push the boundaries of traditional art forms.
In June 2024, Panasonic expanded AV Solution Suite at InfoComm to power innovative and engaging visual experiences across industries. This helped customers worry less about the technology setup, and more about how they can take their creativity and audience experience to the next level.
In May 2024, Panasonic launched new LUMIX S9 compact full-frame mirrorless camera. With this Panasonic aims to bring a new enjoyable shooting experience for creators, making the journey from capturing moments to sharing them with the world.
Types Covered:
• Thin-Film Batteries
• Printed Batteries
• Curved Batteries
• Other Types
Materials Covered:
• Electrode Materials
• Electrolyte Materials
• Current Collectors
• Other Materials
Chargeabilities Covered:
• Rechargeable Batteries
• Non-rechargeable Batteries
• Other Chargeabilities
Capacities Covered:
• Below 10 mAh
• 10–100 mAh
• Above 100 mAh
Applications Covered:
• Consumer Electronics
• Medical & Healthcare
• Energy & Power
• Transportation
• Packaging
• Military & Defense
• Industrial
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Flexible Battery Market, By Type
5.1 Introduction
5.2 Thin-Film Batteries
5.3 Printed Batteries
5.4 Curved Batteries
5.5 Other Types
6 Global Flexible Battery Market, By Material
6.1 Introduction
6.2 Electrode Materials
6.3 Electrolyte Materials
6.4 Current Collectors
6.5 Other Materials
7 Global Flexible Battery Market, By Chargeability
7.1 Introduction
7.2 Rechargeable Batteries
7.3 Non-rechargeable Batteries
7.4 Other Chargeabilities
8 Global Flexible Battery Market, By Capacity
8.1 Introduction
8.2 Below 10 mAh
8.3 10–100 mAh
8.4 Above 100 mAh
9 Global Flexible Battery Market, By Application
9.1 Introduction
9.2 Consumer Electronics
9.3 Medical & Healthcare
9.4 Energy & Power
9.5 Transportation
9.6 Packaging
9.7 Military & Defense
9.8 Industrial
9.9 Other Applications
10 Global Flexible Battery Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Adept Technology
12.2 Blue Spark Technologies
12.3 Energizer Holdings
12.4 EnergyHub
12.5 Enfucell
12.6 EPE
12.7 Eveready Industries India Ltd.
12.8 FlexEl
12.9 Hahnemühle FineArt
12.10 IMEC
12.11 LG Chem
12.12 Molicel
12.13 Nanotech Energy
12.14 Panasonic
12.15 PowerFilm Solar
12.16 Samsung SDI
12.17 Sierra Wireless
12.18 Sion Power
12.19 STMicroelectronics
12.20 VARTA AG
List of Tables
1 Global Flexible Battery Market Outlook, By Region (2022-2030) ($MN)
2 Global Flexible Battery Market Outlook, By Type (2022-2030) ($MN)
3 Global Flexible Battery Market Outlook, By Thin-Film Batteries (2022-2030) ($MN)
4 Global Flexible Battery Market Outlook, By Printed Batteries (2022-2030) ($MN)
5 Global Flexible Battery Market Outlook, By Curved Batteries (2022-2030) ($MN)
6 Global Flexible Battery Market Outlook, By Other Types (2022-2030) ($MN)
7 Global Flexible Battery Market Outlook, By Material (2022-2030) ($MN)
8 Global Flexible Battery Market Outlook, By Electrode Materials (2022-2030) ($MN)
9 Global Flexible Battery Market Outlook, By Electrolyte Materials (2022-2030) ($MN)
10 Global Flexible Battery Market Outlook, By Current Collectors (2022-2030) ($MN)
11 Global Flexible Battery Market Outlook, By Other Materials (2022-2030) ($MN)
12 Global Flexible Battery Market Outlook, By Chargeability (2022-2030) ($MN)
13 Global Flexible Battery Market Outlook, By Rechargeable Batteries (2022-2030) ($MN)
14 Global Flexible Battery Market Outlook, By Non-rechargeable Batteries (2022-2030) ($MN)
15 Global Flexible Battery Market Outlook, By Other Chargeabilities (2022-2030) ($MN)
16 Global Flexible Battery Market Outlook, By Capacity (2022-2030) ($MN)
17 Global Flexible Battery Market Outlook, By Below 10 mAh (2022-2030) ($MN)
18 Global Flexible Battery Market Outlook, By 10–100 mAh (2022-2030) ($MN)
19 Global Flexible Battery Market Outlook, By Above 100 mAh (2022-2030) ($MN)
20 Global Flexible Battery Market Outlook, By Application (2022-2030) ($MN)
21 Global Flexible Battery Market Outlook, By Consumer Electronics (2022-2030) ($MN)
22 Global Flexible Battery Market Outlook, By Medical & Healthcare (2022-2030) ($MN)
23 Global Flexible Battery Market Outlook, By Energy & Power (2022-2030) ($MN)
24 Global Flexible Battery Market Outlook, By Transportation (2022-2030) ($MN)
25 Global Flexible Battery Market Outlook, By Packaging (2022-2030) ($MN)
26 Global Flexible Battery Market Outlook, By Military & Defense (2022-2030) ($MN)
27 Global Flexible Battery Market Outlook, By Industrial (2022-2030) ($MN)
28 Global Flexible Battery Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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