14 September 2021
Visiongain has published a new report entitled the Flexible Battery Storage Market Report 2021-2031: Forecasts by Rechargeability (Primary Batteries, Secondary Batteries), by Type (Thin-film Batteries, Printed Batteries, Other), by Application (Flexible Electronics, Smart Packaging, Smart Cards, Medical Devices, Other), by Technology (Thin-film Stacked Coplanar, Island-bridge, Miura Fold, Wavy Electrodes, Percolating Network, Other), by Capacity (1 mAh to 5 mAh, 5 mAh to 10 mAh, 10 mAh to 100 mAh, Above 100 mAh) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.
The global flexible battery storage market was valued at US$xx million in 2020 and is projected to grow at a CAGR of xx% during the forecast period 2021-2031. The proliferation of the internet and smartphones around the world, as well as increased focus on medical device R&D and adoption of advanced healthcare technologies, as well as rising expenditure on healthcare infrastructure development, particularly in developing economies, are all contributing to the growth of the wearable devices market. Wearable gadgets are smart and electrical wearable technologies that are based on the most recent technological advances. Customers wear these for a variety of monitoring functions, including pulse monitoring, heart rate monitoring, and so on. These are equipped with microsensors that allow the desired data to be recorded.
How has COVID-19 had a significant negative impact on the Flexible Battery Storage Market?
The lithium battery business was not left unscathed by the pandemic. Although lithium batteries are being employed in many key medical devices, like fans that were critical in the epidemic, electric cars have the highest growing sector (EVs). But Wood Mackenzie has estimated that worldwide sales of electricity will plummet 43% this year because of the outbreak of Covid-19. EV sales decreased 39percent per month in China during the 1st quarter of 2020, but for the whole year the International Energy Agency (IEA) is optimistic. In its Global EV Outlook for 2020, the IEA is projected to see a 15% reduction in the passenger vehicle market in this year's Covid-19 epidemic but is projected to maintain wide sales for passenger and light-duty commercial EVs to 2019 levels. They also say that a second or delayed recovery wave of the pandemic could lead to a worse result. China has witnessed its largest lithium-ion producer Contemporary Amperex Technology Co. Ltd and BYD cut back in terms of workers' lack of output, and access to raw materials in its manufacturing, which dominates international production of lithium-ion batteries..
How this Report Will Benefit you?
Visiongain’s 460+ page report provides 344 tables and 314 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global flexible battery storage market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Flexible Battery Storage. Get the financial analysis of the overall market and different segments including type, capacity, application, technology and capture higher market share. We believe that high opportunity remains in this fast-growing flexible battery storage market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report would help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
What are the current market drivers?
Growing Demand for Flexible Batteries for Use in Wearables
Researchers have created a highly flexible, high-energy textile lithium battery that provides a more stable, durable, and safe energy supply for wearable electronics used in a variety of applications, including healthcare monitoring, intelligent textiles, smartphones, GPS tracking, and the Internet of Things (IoT). Due to its relatively high energy density and long cycle life, lithium batteries are currently the most popular rechargeable batteries on the market. Because traditional bulky heavy lithium batteries are difficult to utilise in wearable devices, scientists have worked for the past decade to produce bendable lithium batteries, generally using metal foils as current collectors. However, the limitations of energy density, flexibility, mechanical robustness, and cycling stability could not be addressed until PolyU's Textile Lithium Battery was introduced.
Increasing Use of Thin, Flexible Batteries for Use in Flexible Electronic Devices
Portable and flexible electronic gadgets, such as roll-up phones, flexible watches, and smart clothes, are expected to be in high demand in the fast-paced electronics business. These flexible electronics necessitate integrated batteries that can withstand the desired deformation, such as bending, stretching, and twisting, without jeopardising their electrochemical and safety performance. As a result, in the last two decades, flexible batteries have piqued the interest of both business and academics. Many firms have delivered flexible battery prototypes or products, including LG Chem, ST Microelectronics, Blue Spark Technologies, and Enfucell.
Where are the market opportunities?
Development of Next-Generation Flexible Lithium-Air Batteries
LIBs (rechargeable lithium-ion batteries) have a significant impact on our modern lives. Due to the intrinsic constraints of intercalation chemistry, LIBs are approaching theoretical energy density, and so cannot meet the growing demands of portable devices, electric vehicles, and grids. As a result, battery chemistries other than LIBs are being studied extensively. Because of their high energy density and commercial potential, next-generation lithium (Li) batteries, which use Li metal as the anode and intercalation or conversion materials as the cathode, are attracting the most attention. Furthermore, tremendous development in Li batteries has been made, owing to a growing fundamental understanding of the materials and reactions, as well as technological advancement.
Rise in Adoption of Wireless Sensors Equipped with Flexible Batteries
In clinical diagnostics, athletics, and human-machine interfaces, networks of sensors put on the skin can offer continuous assessment of human physiological data. For dependable long-term monitoring, wireless and battery-free sensors are especially desirable, but current systems rely on near-field technologies, which necessitate close proximity (at most a few centimetres) between each sensor and a wireless readout device. Near-field-enabled clothing can establish wireless power and data connectivity between several remote sites around the body, allowing for the creation of a network of battery-free sensors linked by proximity to useful textile patterns. Integrate garments with near-field-responsive patterns that are fully fabric-based and free of fragile silicon components using computer-controlled embroidery of conductive threads. demonstrate the networked system's utility in real-time, multi-node spinal posture measurement as well as continuous temperature and gait sensing during exercise.
The major players operating in the flexible battery storage market are Samsung SDI Co Ltd, LG Chem Ltd, Apple Inc., Panasonic Corporation, Ultralife Corporation, STMicroelectronics N.V., Blue Spark Technologies, Brightvolt, Imprint Energy, Prologium Technology Co., Ltd., PolyPlus Battery, Iten Sa, NEC Energy Solutions Inc.,, Cymbet Corporation, ZINERGY UK LIMITED, GREPOW, FULLRIVER Battery, Guangzhou Battsys Co., Ltd, Enfucell Oy Ltd., Molex, These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.
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