Powering Innovation: The Rising Demand for Flexible Battery Market, Projected to Reach $296 Million by 2025

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MarketsandMarkets Presents
The Flexible Battery Market is projected to grow
from USD 98 million in 2020 to USD 296 million by
2025 it is expected to grow at a CAGR of 24.7
from 2020 to 2025. The Flexible Battery
Industry is likely to exhibit lucrative growth
potential during the forecast period.
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MarketsandMarkets Presents
COVID-19 pandemic has negatively impacted the
Smart Packaging Application Segment of the
Flexible Battery Market. Based on Application,
the smart packaging segment held the largest size
of the Flexible Battery Market in 2019. Flexible
batteries are flexible and lightweight. They can
be rolled without any loss of energy and are easy
to dispose of. Thus, smart packaging
manufacturers prefer flexible batteries over
conventional batteries, which are bulky and
rigid. Increasing adoption of micro batteries by
smart packaging manufacturers is expected to
drive the growth of the smart packaging segment
of the market during the forecast period.
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MarketsandMarkets Presents
The Demand for Flexible Batteries of above 100
mAh capacity is expected to increase
significantly during the forecast
period. Flexible batteries with a capacity of
above 100 mAh are designed for products and
devices with high-energy requirements and long
shelf life. These batteries are used in consumer
electronics and energy harvesting systems as
these systems require power sources to improve
their functionalities. Flexible batteries with
this capacity range are expected to be adopted
significantly in numerous applications in the
future. Speak To Analyst _at_ https//www.marketsand
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MarketsandMarkets Presents
The Outbreak of COVID-19 has adversely affected
investments being made to develop Flexible
Batteries by a number of manufacturers in North
America. Smart packaging, wearable devices, and
smart cards are key application segments wherein
flexible batteries are used in North America.
These applications require thin and flexible
power sources for their operations. Flexible
Battery Manufacturers such as Blue Spark
Technologies (US), BrightVolt (US), and Ultralife
Corporation (US), are based in North America,
thereby leading to the growth of the Flexible
Battery Market in the region. The outbreak of the
COVID-19 pandemic has affected the production and
supply chain of flexible batteries. It has
adversely affected the investments being made to
develop flexible batteries by a number of
manufacturers in the region.
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MarketsandMarkets Presents
The Outbreak of COVID-19 has adversely affected
investments being made to develop Flexible
Batteries by a number of manufacturers in North
America. However, flexible batteries are being
increasingly used in medical applications for
recording the body temperature of the COVID-19
suspects, as well as of infected on a daily
basis. This, in turn, is creating a significant
demand for flexible batteries. The rise in
research and development activities for the
development of enhanced flexible batteries and
the technology advancements in the medical and
packaging sector of North America are also
leading to the growth of the Flexible Battery
Market in this region.
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MarketsandMarkets Presents
Key Players Samsung SDI (South Korea), LG Chem
(South Korea), Enfucell Oy Ltd. (Finland), Blue
Spark Technologies (US), Apple, Inc. (US),
Panasonic Corporation (Japan), Ultralife
Corporation (US), BrightVolt (US), Imprint Energy
(US), Energy Diagnostics (UK), Prologium
Technology Co., Ltd. (Taiwan), Molex (US),
PolyPlus Battery Company (US), ITEN SA (France),
Jenax (South Korea), and Guangzhou Fullriver
Battery New Technology Co., Ltd. (China), are Key
Players Operating in the Flexible Battery
Market. Browse For More Details -
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