PUBLISHER: The Business Research Company | PRODUCT CODE: 1686415
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686415
Flexible batteries represent a category of battery technology engineered for versatility and adaptability concerning form factor and application. These batteries are distinguished by their capacity to flex, twist, or conform to various shapes while maintaining their functionality. This flexibility renders them suitable for deployment in diverse devices and scenarios where traditional rigid batteries would be impractical.
The primary types of flexible batteries include thin-film batteries and printed batteries. Thin-film batteries are low-profile, flexible, and often disposable, featuring a small footprint that makes them well-suited for applications in flat electronics, wearable devices, and medical biosensors. They are available in voltages below 1.5v, between 1.5v and 3v, and above 3v, with capacities ranging from below 10mAh to above 100mAh. These batteries serve as both primary and secondary options, catering to consumer electronics, smart packaging, smart cards, medical devices, wireless sensors, and various other applications.
The flexible batteries market research report is one of a series of new reports from The Business Research Company that provides flexible batteries market statistics, including flexible batteries industry global market size, regional shares, competitors with a flexible batteries market share, detailed flexible batteries market segments, market trends and opportunities, and any further data you may need to thrive in the flexible batteries industry. This flexible batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flexible batteries market size has grown exponentially in recent years. It will grow from $0.27 billion in 2024 to $0.34 billion in 2025 at a compound annual growth rate (CAGR) of 26.3%. The growth in the historic period can be attributed to pharmaceutical industry growth, food preservation needs, increased demand for ready-to-eat meals, rise in clinical research, cosmetic industry utilization.
The flexible batteries market size is expected to see exponential growth in the next few years. It will grow to $0.77 billion in 2029 at a compound annual growth rate (CAGR) of 23.1%. The growth in the forecast period can be attributed to global vaccine development initiatives, biopharmaceutical pipeline expansion, growing nutraceuticals market, space exploration needs, e-commerce expansion in food industry. Major trends in the forecast period include increased demand for personalized medicine, continued advances in biotechnology, technological innovations, biotechnology advancements, global cold chain logistics expansion.
The flexible batteries market is anticipated to experience significant growth, driven by the increasing adoption of wearable devices. Wearable devices, which are electronic gadgets worn on the user's body and connected to the internet for data collection and transmission, utilize flexible batteries to extend device battery life and ensure optimal performance and safety during repeated bending. In October 2023, the International Data Corporation reported a rise in global wearable shipments from 492,247,834 in 2022 to 519,839,947 in 2023, with an estimated projection of 625,399,055 by 2027, highlighting the substantial growth in the adoption of wearable devices and its positive impact on the flexible batteries market.
The increasing demand for electric vehicles is anticipated to drive the growth of the flexible battery market in the future. Electric vehicles (EVs) are powered by one or more electric motors, utilizing electricity stored in batteries or other energy storage devices. Flexible batteries in electric vehicles provide adaptable and space-efficient energy storage solutions, enhancing design flexibility and overall performance. For example, in 2023, CITA EV, a UK-based smart electric vehicle solution provider, reported that electric vehicles in the UK reached a record high market share of 16.5%, while plug-in hybrid electric vehicles (PHEVs) accounted for an additional 7.4%. This brought the total share of plug-in vehicles to 23.9%. The EV market is experiencing significant growth, with sales projected to reach 14.1 million units in 2023, reflecting a substantial 34% increase from 2022. This positive trend is expected to continue, with forecasts indicating that EVs will represent 23.5% of the global light-vehicle market by 2025 and 45.3% by 2030. Therefore, the rising demand for electric vehicles is propelling the growth of the flexible battery market.
Key players in the flexible batteries market are concentrating on the development of innovative products with advanced features, exemplified by Evloflex, to better meet customer demand. EVLO Energy Storage Inc., a US-based energy storage company, unveiled its next-generation battery solution, Evloflex, in May 2023. This powerful and flexible battery storage system prioritizes efficiency, cost-effectiveness in firming renewable energy at scale, and enabling grid resilience. Constructed with a safety-centric approach, Evloflex utilizes lithium-iron phosphate (LFP) battery chemistry, incorporates state-of-the-art control and communication architecture, and boasts industry-leading safety features. The system is easily configurable, highly scalable, and equipped with a potent Energy Management System (EMS) for remote control and monitoring.
In October 2022, Masdar, a UAE-based renewable energy company, acquired Arlington Energy for $1.28 billion. This strategic acquisition aims to propel advancements in the UK renewable energy storage market, aligning with Masdar's offshore wind and renewables investment strategy. The collaboration with Arlington Energy, a UK-based Battery Energy Storage System (BESS) company, holds the potential to drive progress in battery design, materials, and manufacturing processes, ultimately enhancing flexibility, efficiency, and overall battery performance.
Major companies operating in the flexible batteries market report are Apple Inc., Panasonic Corp., LG Chem Ltd., Toshiba Corporation, NEC Corporation, Samsung SDI Co. Ltd., ST Microelectronics N.V., Molex LLC, ProLogium Technology Co. Ltd., Rocket Electric Co. Ltd., Jenax, FULLRIVER Battery, Guangzhou Fullriver Battery New Technology Co. Ltd., Paper Battery Company Inc., Flexel LLC, Polyplus Battery Company, ITEN S.A., Blue Spark Technologies Inc., Enfucell Oy Ltd., Front Edge Technology Inc., Ilika PLC, Imprint Energy Inc., Brightvolt Inc., Cymbet Corporation, Energy Diagnostics Inc.
Asia-Pacific was the largest region in the flexible batteries market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the flexible batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The flexible batteries market consists of sales of micro-batteries, organic batteries, flexible lithium-ion batteries, and polymer batteries. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Flexible Batteries Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on flexible batteries market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for flexible batteries ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The flexible batteries market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.