Solid State Thin Film Battery Markets Are Forecast To Reach $1.3 Billion By 2021 : Radiant Insights,Inc
RadiantInsights.com includes new market research report on “Global Solid State Thin Film Battery Markets Size, Share And Trends Report To 2021 : Radiant Insights” to its huge collection of research reports.
San Francisco, United States – January 14, 2016 /MarketersMedia/ —
The quality of energy storage is better with solid state thin film batteries. Solid State Thin Film Batteries A comparison of battery performance for various rechargeable batteries is a compelling illustration of the value of thin film batteries. Data for thin film batteries using very thin substrates illustrate the longer cycle life that can be achieved. Applications include power bridging, permanent power, and wireless sensor networks.
Thin film battery market driving forces include creating business inflection by delivering technology that supports entirely new capabilities. Sensor networks are creating demand for thin film solid state devices. Vendors doubled revenue and almost tripled production volume from first quarter. Multiple customers are moving into production with innovative products after successful trials.
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A strong business pipeline has emerged with customer activity in all target markets. The market focus is shifting from ramping capacity to driving manufacturing efficiencies and achieving margin improvement, indicating increasing market maturity.
Smarter computing is part of an IT opportunity, brought by the availability of many, many devices that measure what is going on in the world. These devices are made possible by the availability of small, inexpensive, reliable batteries that provide battery backup on the printed circuit board. Smarter computing is related to achieving a more instrumented, interconnected and intelligent infrastructure.
Software and onboard storage are significant aspects of making the networks more intelligent. The need to capture and analyze increasing amounts of data, deliver results to more users, and respond faster across all devices, without a corresponding increase in budget is a function of better management and better systems. Back up power is part of the picture.
Key application areas for solid stare batteries are:
– Power bridging
– Permanent power
– Wireless sensors
As energy harvesting and wireless sensor networks evolve, the solid state batteries provide an uninterruptable, stable power source that lasts as long as the electronics with which it is packaged. In some cases, changing batteries is not feasible, ant these applications are illustrative of those kinds of instances.
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According to Susan Eustis, the lead author of the team that created the study, “Solid state electronics brings the same advantages to batteries as it has brought to all other industry segments it touches. Printed circuit board manufacturers are finding that they can achieve a rapid return on investment from substantially decreasing the energy costs associated with using storage by wave soldering the storage onto the boards during the manufacturing process.”
Solid State Thin Film Battery Markets at $9 million in 2014 are forecast to reach $1.3 billion by 2021. Rapid growth toward the end of the forecast period is anticipated as technology improves the cost structure of the manufacturing.
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