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Home | Search Global IT News: IT News & Press Release Distribution: Thin Film and Printed Battery Market estimated to be worth $296 million by 2025   (IT-NEWSWIRE.COM, October 28, 2021 ) According to the new market research report "Thin Film and Printed Battery Market with COVID-19 Impact, by Type (Thin-film, Printed), Voltage, Capacity, Rechargeability (Primary Batteries, Secondary Batteries), Application (Smart Packaging, Medical Devices), and Geography - Global Forecast to 2025", The global thin film and printed battery market size is projected to grow from USD 98 million in 2020 to USD 296 million by 2025; it is expected to grow at a CAGR of 24.7% from 2020 to 2025. The key factors fueling the growth of this market include growing demand for thin film and printed batteries for use in wearables, ongoing miniaturization of electronic devices, surging demand for printed flexible batteries in IoT applications, increasing use of printed flexible batteries in medical devices to treat COVID-19 patients. Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=660 Secondary batteries accounted for the larger size of the thin film and printed battery market in 2020. The secondary batteries segment accounted for the largest market in 2020. Applications such as consumer electronics, wearable devices, medical devices, and wireless sensor systems require secondary batteries with a long-life span. Thin film and printed batteries such as thin-film batteries and curved batteries are mostly secondary batteries, which can be used in mobile devices and wearable devices. With the advancements in technologies used in wearable devices and medical devices, manufacturers are continuously making efforts to come up with innovative designs suitable for their devices. This, in turn, is increasing the requirement for thin, lightweight, bendable, flexible, and high-capacity rechargeable batteries that can last long. Smart packaging application is expected to hold the largest size of the thin film and printed battery market in 2020. Smart packaging is expected hold the largest share in the thin film and printed battery market during the forecast period. Thin film and printed batteries are thin, flexible, and lightweight. They can be rolled without any loss of energy and are easy to dispose of. Thus, smart packaging manufacturers prefer thin film and printed batteries over conventional batteries, which are bulky and rigid. The increasing adoption of micro-batteries by smart packaging manufacturers is expected to fuel the growth of the smart packaging segment of the market during the forecast period. The outbreak of the COVID-19 pandemic has led to a decline in the growth rate of the thin film and printed battery market, owing to reduced manufacturing of products that use these batteries. North America is projected to be the largest market for solid-state realy from 2020 to 2025. North America accounted for the largest share of the thin film and printed battery market in 2019. Smart packaging, wearable devices, and smart cards are key application segments wherein thin film and printed batteries are used in North America These applications require thin and flexible power sources for their operations. Thin film and printed battery manufacturers such as Blue Spark Technologies (US), BrightVolt (US), and Ultralife Corporation (US) are also based in North America, thereby leading to the growth of the thin film and printed battery market in the region. The COVID-19 pandemic outbreak has affected the production and supply chain of thin film and printed batteries. It has adversely affected the investments undertaken to develop thin film and printed batteries by a number of manufacturers in the region. However, thin film and printed batteries are being increasingly used in medical applications to record the body temperature of the COVID-19 suspects, as well as of infected on a daily basis. This, in turn, has created a significant demand for thin film and printed batteries. 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. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 MarketsandMarkets™ Mr. Aashish Mehra 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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