San Francisco, 7 February 2019: The Report Thin Film Battery Market Analysis By Battery type (Disposable, Rechargeable), By
Voltage (Below 1.5V, 1.5V to 3V, Above 3V), By Region (North America, Europe,
APAC, CSA, MEA), And Segment Forecasts, 2018 - 2025
The global thin film battery market is expected to reach USD 1.72 billion by 2025, according
to a new report by Grand View Research, Inc. Rapid adoption of wearable
technology in the society, along with technological advancement is further
propelling the market growth.
Thin film battery has gained huge
popularity due to its lightweight and small size characteristics and is
expected to revolutionize the industry. Increasing demand for thin film battery
to power compact devices coupled with improved safety is a major driving factor
for the industry growth in the wearables and medical applications.
Below 1.5 V thin film batteries are
generally used in low power applications such as smart cards, wireless
micro-sensors, toys, RFID tags, and medical patches. Moreover, most of the
manufacturers are integrating below 1.5 V thin film batteries for various
applications. These properties are expected to have a positive impact on the
industry.
The smart cards and medical segment are
expected to collectively account for 28.7% of the global market share in 2025.
Extensive R&D in the global battery industry on account of changing needs
from various end-use industries has propelled the development of novel battery,
which outperform conventional battery in terms of their performance and
durability.
North America was the leading region due to
rapid adoption of wearable technology by the people. The consumer is demanding
electronics devices which are easy to carry around, which means it should be
small in size and light in weight. The availability of a variety of thin film
battery options and ability of customization is leading to the expansion of the
overall market in this region.
Access Research Report of Thin Film Battery Market@ www.grandviewresearch.com/industry-analysis/thin-film-battery-market
Further key findings from the report suggest:
· The market is expected to grow at a CAGR of
27.4% from 2017 to 2025 on account of increasing adoption of wearable
technology around the world
· Wearable devices will witness fastest
growth in terms of revenue at a CAGR of 29.2% from 2017 to 2025 owing to
extensive introduction of innovative players
· Asia Pacific market is expected to witness
significant development and was valued at USD 42.6 million in 2016 on account
of growing electronics manufacturing industry
· Key participants include Blue Spark Tech,
BrightVolt, Enfucell Oy, ST Microelectronics, Cymbet, Imprint Energy, Ilika
PLC, LG Chem, Jenax Inc. and others. These companies are focused on increasing
their market share by introducing innovative products.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/renewable-energy
Grand View Research has segmented the
global thin film battery market on the basis of type, voltage, application and
region:
Battery type Outlook (Revenue, USD Million,
2014 - 2025)
·
Disposable
·
Rechargeable
Voltage Outlook (Revenue, USD Million, 2014
- 2025)
·
Below 1.5V
·
1.5V to 3V
·
Above 3V
Application Outlook (Revenue, USD Million,
2014 - 2025)
·
Wearable Devices
·
Medical
·
Consumer Electronics
·
Smart Cards
Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
South & Central America
·
Middle East and Africa
Access Press Release of
Thin Film Battery Market@ www.grandviewresearch.com/press-release/global-thin-film-battery-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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