Asia Pacific Thin Film Battery Market to Grow at a Formidable Rate During Forecast Period
Rapid adoption of wearable
technologies coupled with ongoing technological advancements in ICT industry to
drive growth of Asia Pacific thin film battery market
According to
TechSci Research report, “Asia Pacific Thin Film Battery Market By Technology, By
Battery Type, By Voltage, By Application, By Country, Forecast &
Opportunities, 2024”, the Asia-Pacific thin film
battery market is expected to grow at a formidable rate during the forecast
period as these batteries are environmentally friendly and 40% more energy
efficient as compared to other batteries. However, the manufacturing process of
these batteries is time consuming and prone to defects, which can hamper the
market during forecast period. Moreover, lack of standardization in the
development of thin film batteries can further restrict the growth of market.
The Asia-Pacific thin film battery
market is segmented based on technology, battery type, voltage, application,
company and country. Based on battery type, the market can be bifurcated into disposable
and rechargeable. The rechargeable segment is expected to dominate the market
during forecast period owing to their widespread use in consumer electronics,
medical devices, wireless communication and wearable devices. Based on voltage,
the market can be fragmented into <1.5V, 1.5-3V and >3V. The <1.5V segment is expected to dominate
the market attributable to the fact that smart cards require low-voltage
batteries and most manufacturers are integrating below 1.5 V thin film and
printed batteries specially for smart cards.
Blue Spark Technologies,
BrightVolt, Enfucell Oy Ltd., STMicroelectronics N.V., Cymbet Corporation,
Imprint Energy Inc., Ilika PLC, LG Chem Ltd., Paper Battery Company, Jenax Inc.
and others are some of the leading players operating in Asia-Pacific thin film
battery market.
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“Asia-Pacific thin
film battery market is projected to witness robust growth through 2024, as most
of the smart card manufacturers in APAC are integrating thin film batteries
because of advantages such as more flexibility and ability of the battery to
sustain rough handling. Additionally, rising popularity of flexible consumer
electronic devices and increasing demand for portable gadgets is further
expected to propel the market over the coming years.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting
firm.
“Asia Pacific Thin Film Battery Market By Technology,
By Battery Type, By Voltage, By Application, By Country, Forecast &
Opportunities, 2024” has evaluated
the future growth potential of Asia-Pacific thin film battery market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Asia-Pacific thin film battery market.
Contact
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