Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
The printed batteries market is estimated to grow with a significant CAGR during the forecast period, i.e., 2021-2029. The demand for the printed batteries is increasing owing to the increase in the electronics market numbers. The use of printing in cell fabrications offers numerous benefits, including higher flexibility of form factor, low cost, and ease in production than other simple batteries. The market demand for electronic devices including watches, mobile phones, wearable medical devices has increased the printed batteries demand. Furthermore, the integration of the printed batteries in advanced electronic devices is way more manageable, which is likely to fuel the market's growth in the forecast period. In addition, printing technology allow simple and low cost up-scaling with rapid technology transfer.
Based on the voltage type, the below 1.5 voltage segment is anticipated to register the fastest growth rate across the regions, over the forthcoming years. These batteries are used in numerous applications, including smart labels, wearable electronics, medical devices, and other electronic devices.
The market is segmented on applications into energy, wearable technology, smart packaging, consumer electronics, medical devices, smart cards, etc. The consumer electronics segment is expected to capture a significant market share in the forecast period due to significant technology applications. CLICK TO DOWNLOAD SAMPLE REPORT
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The North America market accounted for the significant market share in 2020. In North America, the primary applications for the printed batteries include wearable devices, smart packaging, and smart cards. Moreover, major printed battery manufacturers, including Ultralife Corporation, Blue Spark Technologies, and BrightVolt, are present in North America and thus in turn supporting the market growth for printed batteries in the region. The Asia Pacific market is predicted to grow at the highest CAGR over the forecast period for printed batteries due to increased consumer electronics and medical devices industries. In May 2019, Southwest Electronic Energy (SWE) got acquired by Ultralife Corporation. SWE is one of the global battery solutions providers. This acquisition strengthened the extensive portfolio of charger and battery technologies of Ultralife Corporation and advanced its technical expertise to new industry segments.
The global printed batteries market is further classified on the basis of region as follows:
Our in-depth analysis of the global printed batteries market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increase in usage of wireless sensors attired with printed batteries and Continuing compactness of electronic devices are driving the market.
The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2029.
With respect to applications, the consumer electronicsis anticipated to hold the largest market share owing to rising demands of applications of printed batteries in the industry.
The market in Asia Pacific region will provide ample growth opportunities owing to the increasing growth of consumer electronics and medical devices in India and China.
Cymbet Corporation, Enfucell Oy, FLEXEL LLC, Imprint Energy Inc., Blue Spark Technologies Inc., BrightVolt Inc., NEC Corporation, Planar Energy Devices Inc., Xymox Technologies Inc., and Samsung SDI Co. Ltd. among others.
The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by voltage type, applications and region.
With respect to applications, the consumer electronicsis anticipated to hold the largest market share owing to rising demands of applications of printed batteries in the industry.
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