Emerging Applications Drive Thin Film and Printed Battery Market Towards $296 Million by 2025

Posted June 13, 2023 by avinashgogawale14

The Thin Film and Printed Battery Market Size would grow from USD 98 million in 2020 to USD 296 million in 2025 with a CAGR of 24.7%.

The global Thin Film and Printed Battery Market is anticipated to expand significantly. The market is expected to rise from USD 98 million in 2020 to USD 296 million by 2025, exhibiting a compound yearly growth rate (CAGR) of 24.7% over the forecast period.

Innovative energy storage technologies with distinct properties and production methods include thin film batteries and printed batteries. These batteries are renowned for being flexible, thin, lightweight, and small. The utilisation of solid-state materials in their manufacture is responsible for their inherent safety. Components including cathodes, anodes, separators, and current collectors are made to be thin and flexible for use in thin film and printed batteries. These batteries can be seamlessly incorporated into a variety of gadgets and applications thanks to this characteristic. Flexible circuits and thin film batteries can be used to create new types of flexible electronic devices.

These batteries' versatility is one of their main benefits. They are simple to roll out, cut, and alter into various sizes and forms, allowing for their insertion into goods of any shape without compromising effectiveness. For designers and producers, this flexibility opens up a vast array of opportunities, enabling the creation of unique and atypical product designs. Additionally, solid-state materials are used in the production of thin film batteries and printed batteries, improving their inherent safety profile in comparison to conventional batteries. Because these batteries don't include liquid electrolytes, there is no chance of leakage or thermal runaway, making them safer to use in a variety of situations.

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Samsung SDI

Samsung SDI has made a name for itself as a major force in the thin film battery industry. The business is dedicated to boosting innovation through technical improvements and growing its market presence. Samsung SDI has produced two ground-breaking small-sized lithium-ion battery series, referred to as band batteries and strip batteries, that are intended for use in wearable technology in this endeavour. Samsung SDI's band batteries have the unusual ability to bend like fibre, making it possible for wearable technology to be seamlessly integrated. The original battery life of the gadgets receives a big boost from these batteries, increasing by as much as 50%. With this innovation, consumers will be able to use their wearable technology longer and with improved functionality.

Additionally, Samsung SDI has unveiled strip batteries, which stand out for their incredibly thin 0.3 mm depth design. These batteries are designed specifically for use in wearable gadgets like smart necklaces and interactive garment items. Strip batteries' thin profile makes it possible to discreetly integrate them into a variety of wearable devices without sacrificing functionality or user experience. With offices in a number of nations, including South Korea, Malaysia, China, Mexico, Vietnam, Austria, Russia, the US, India, Taiwan, and Japan, Samsung SDI conducts business internationally. The company can serve a variety of markets and meet the rising demand for thin film batteries in various regions thanks to its widespread presence.

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Enfucell Oy Ltd.

Enfucell Oy Ltd. is a well-known supplier and manufacturer of printed electrical goods in the thin film and printed market. Enfucell Oy Ltd., a company founded in 2002 with headquarters in Vantaa, Finland, has made a name for itself as a top supplier of cutting-edge solutions. Enfucell Oy Ltd.'s SoftBattery and SoftBattery Plus printed batteries are among its main products. These batteries are noted for being printable, thin, flexible, and environmentally friendly. They use zinc, manganese dioxide, and zinc chloride as electrolytes. They act as effective power sources for a variety of devices, including wearable electronics, portable electronics, and IoT-enabled gadgets.

The fact that Enfucell Oy Ltd.'s income increased steadily from 2017 to 2019 is evidence of its effectiveness in satisfying consumer demand and offering worthwhile solutions. The business has made substantial investments in research and development, concentrating on the creation of printed and thin-film batteries. With the help of this investment, Enfucell Oy Ltd. has been able to improve its market position and take advantage of lucrative opportunities in the sector. Enfucell Oy Ltd. has established a solid reputation as a dependable supplier in the Thin Film and Printed Market thanks to its dedication to innovation and the creation of environmentally friendly battery solutions. The company places a strong emphasis on research and development, which allows it to stay on the cutting edge of technological developments and guarantee that its products satisfy changing consumer and market demands.

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Ultralife Corporation

The 1990-founded and New York-based Ultralife Corporation is a major force in the market for communications and portable power solutions. Offering a variety of battery goods, military communication systems, and electronic accessories, the company conducts business via two segments: Battery & Energy goods and Communications Systems. Ultralife Corporation's Thin Cell brand of non-rechargeable ultra-thin cells is one of the company's well-known goods. These lithium-manganese dioxide batteries are used in a number of different products, including smart security cards, asset tracking tags, bank theft tracking systems, electronics record tracking systems, medical devices, RFID tags, and toll pass tags. Thin Cells are created to adhere to strict safety regulations, including UL 1642 and IEC 60086-4:2014, to guarantee their compliance.

Ultralife Corporation uses strategic activities including new product releases and acquisitions to be competitive in the thin film and printed battery market. Through these initiatives, the company is able to diversify its product line and increase its market share. Additionally, by continuously improving its battery technology, Ultralife Corporation hopes to accelerate the use of thin film batteries for wearable technologies. This emphasis on innovation places the business at the forefront of new trends in the sector. Ultralife Corporation offers a wide variety of portable power solutions to meet the needs of various clients and sectors. The company has developed a reputation as a dependable supplier of high-quality battery goods thanks to its attention to upholding safety requirements and its commitment to technical improvements.

Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), Ultralife Corporation (US), Blue Spark Technologies (US), BrightVolt, Inc. (US), Apple Inc. (US), LG Chem Ltd. (South Korea), Fullriver Battery New Technology Co., Ltd. (China), and Panasonic Corporation (Japan). are some of the major players in Thin Film and Printed Battery Market.

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Last Updated June 13, 2023