Printed Batteries Market Segmentation by Voltage (Below 1.5V, Between 1.5 and 3V, Above 3V); and by Application (Energy, Wearable technology, Smart Packaging, Consumer Electronics, Medical devices, Smart Cards, and others) – Global Demand Analysis and Opportunity Outlook 2021-2029
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In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
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:
Ans: Increase in usage of wireless sensors attired with printed batteries and Continuing compactness of electronic devices are driving the market.
Ans: The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2029.
Ans: 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.
Ans: 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.
Ans: 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.
Ans: 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.
Ans: The market is segmented by voltage type, applications and region.
Ans: 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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