Flexible Battery Market Size to Rise at USD 2.8 billion, with a CAGR of 30.1% Between 2023 and 2031 | TMR Study

Flexible batteries refer to batteries that are designed to be both conformal and flexible, as exposed to the traditional rigid ones. Flexible batteries can keep their unique shape even against continual bending or twisting. Flexible batteries appear in both rechargeable and single-use chargeability options. The unique characteristics of flexible batteries are their conformability, light-weightiness, and portability which make it easier to install in products such as adjustable and wearable electronics. Hence more efforts are driving to make several flexible power springs including primary and rechargeable batteries with huge energy density and excellent flexibility. There have been several efforts in adapting conventional batteries such as zinc-carbon and lithium-ion, and at the same time, new materials such as those based on nanoparticle systems are being promoted for flexible battery and supercapacitor electrodes.

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Rising demand from the automotive and transportation industry will emerge as the major market growth driving factors. Growing awareness about the benefits of using flexible batteries, surging technological developments in the battery manufacturing process, increasing product innovations, rising demand for smart wearable devices, medical devices, and consumer electronics, and widespread industrialization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies and surging deployment of Internet of Things technology by the small and medium-scale manufacturing industries will further carve the way for the growth of the market.

Product Types:

  • Advanced Lithium-Ion Batteries
  • Flexible Zinc-Carbon Batteries
  • Thin Film Batteries and Printed Batteries
  • Laminar Lithium Polymer Batteries

Applications of Flexible Battery:

  • Wearable devices, such as smartwatches
  • Wearable medical devices, such as body temperature stickers, ECG garment
  • Smart packaging
  • Heat generation clothing and luminous clothing
  • Facial mask heating the lotion in the mask for better skin absorption

Advantages of Flexible Battery:

  • Soft and tough
  • Absolutely safe
  • Stable performance