Thin Film Battery Market Size: By Product, Application, Growth Potential, Price Trend, and Regional-Forecast, 2024
APAC Thin Film Battery Market growth will be propelled by rising demand for wearable electronic devices.
Sellbyville, United States – August 26, 2019 /MarketersMedia/ —
Global Thin Film Battery Market size is expected to grow at over 25% CAGR to surpass USD 1 billion by 2024. Shift in consumer lifestyle owing to the adoption of wearable electronic devices will propel the industry growth. Increased energy storage devices coupled with emerging demand for compact battery will complement the industry growth. Rising adoption of EMV chips and other smart cards in various applications to improve security will propel the business growth. Rising demand for flexible energy storage devices with higher lifetime will stimulate the thin film battery demand. Advanced features with personalized design will open lucrative growth opportunities for thin film battery market.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/843
Thin film battery market from smart card applications was worth more than USD 10 million in 2015. These cards are being adopted extensively across the European industrial and commercial sectors, owing to which Europe thin film battery market is expected to grow remarkably over the next few years, with UK and Germany being the chief contributors. In 2015, UK thin film battery industry was worth more than USD 12 million. High deployment of automated technology in medical devices is likely to propel the regional growth.
Increasing demand for light weight, compact, and portable products have spurred the growth for thin film battery market. Internet of things has contributed towards a great deal in regards with increasing application of thin film battery in phablets and smartphones coupled with its utilization in sensor networks. Rising standard of living with high disposable incomes will generate increased adoption for wearable devices including watches, smart fabrics, fitness trackers, and glasses and will in turn favor the thin film battery industry trends.
The chargeable and disposable battery are the two-major product categories of the thin film battery industry. Chargeable batteries are suitable for wireless sensors networks and have accounted for over 40% of the overall industry revenue in 2015. The other type, i.e. disposable thin film battery acts as energy source for semi-battery-assisted passive RFID, greeting cards, toys, consumer music, semi-active tags with sensors, and one-time password display type smart cards. Disposable thin film battery market is estimated to register a CAGR of 20% over the period of 2016-2024.
Browse key industry insights spread across 117 pages with 158 market data tables & 10 figures & charts from the report, “Thin Film Battery Market” in detail along with the table of contents @
https://www.gminsights.com/industry-analysis/thin-film-battery-market
Growing demand for wearable electronic devices coupled with rise in the living standards of developing nations including South Korea China and Japan will propel Asia-Pacific thin film battery market. Increasing adoption of battery vehicles will further complement the industry growth. Thin film battery market in India crossed over USD 2 million in 2015.
The ever-rising demand for technological innovative batteries from the industrial sector will stimulate thin film battery market growth. While the high capital expenditure may prove to be a restraint, market players are working toward combating the same by developing cost-effective batteries with a wide spectrum of applications.
Table Of Content For This Research Report:
Chapter 4 Thin Film Battery Market, By Product
4.1 Thin film battery market share by product, 2015 & 2024
4.2 Product
4.2.1 Global market estimates and forecast, 2013 – 2024
4.2.2 Global market estimates and forecast by region, 2013-2024
4.3 Chargeable
4.3.1 Global market estimates and forecast from chargeable, 2013 – 2024
4.3.2 Global market estimates and forecast from chargeable, by region, 2013-2024
4.4 Disposable
4.4.1 Global market estimates and forecast from disposable, 2013 – 2024
4.4.2 Global market estimates and forecast from disposable, by region, 2013-2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/thin-film-battery-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, application, renewable energy and bio application.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/thin-film-battery-market
Source: MarketersMedia
Release ID: 88912323
Copyright © 1999-2013 SproutNews.com
