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Flexible Paper Battery (FPB) Market Trends

Report ID: GMI6118
Published Date: Jun 2023
Report Format: PDF

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Flexible Paper Battery (FPB) Market Trends

Rising advancements in materials & manufacturing are expected to drive industry expansion. Continuous research & development activities can improve the performance and capabilities of FPBs. Innovations in materials including nanomaterials & polymers are making them stronger and more flexible. In addition, advancements in production technologies, such as the printing and roll-to-roll processes, are enabling the easier manufacturing of FPBs, thereby reducing costs and making the product more accessible. The market is witnessing a growing emphasis on sustainable technologies & materials. The push for greener electronic devices and reduced environmental impacts is also driving the adoption of FPBs in various applications.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of flexible paper battery (FPB) reached USD 496.9 million in 2022 and will witness over 20% CAGR during 2023 to 2032 due to the surging demand for smaller & more portable electronics, such as wearables and flexible devices worldwide.

The industry size from the medical devices application segment will observe around 25% growth rate from 2023 to 2032 driven by the surging need for lightweight and compact power sources to maintain easy transportation and reduce the overall size of devices

The rechargeable chargeability segment recorded about 60% of the industry share in 2022 due to rising adoption in energy storage, including power banks and backup solutions.

Asia Pacific captured over 35% of the global industry share in 2022 led by the increasing demand for smartphones, tablets, wearables, and other portable electronics in the region

Major flexible paper battery industry participants include Samsung SDI Co. Ltd., Panasonic Holdings Corporation, STMicroelectronics N.V., BrightVolt Solid State Batteries. and Enfucell OY.