According to the latest report by IMARC Group, the global printed batteries market size reached US$ 132.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,338.7 Million by 2027, exhibiting a growth rate (CAGR) of 46.51% during 2022-2027.
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.
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Printed Batteries 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.
Global Printed Batteries Market 2022-2027 Analysis and Segmentation:
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
Breakup by Product Type:
Breakup by Application:
Breakup by Region:
Middle East and Africa
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