Thin Film Battery Market Is Expected To Grow At A CAGR of 27.4% from 2014 to 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.
Full
Research Report On Global Thin Film Battery Market Analysis:
http://www.grandviewresearch.com/industry-analysis/thin-film-battery-market
http://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.
View more
reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/renewable-energy
http://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
- U.S.
- Europe
- UK
- Germany
- France
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- South
& Central America
- Middle
East and Africa
View press
release of this research report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-thin-film-battery-market
http://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.
For more
information: www.grandviewresearch.com
Comments
Post a Comment