Printed Battery Market by End-users (Consumer Applications [Medical Applications and Novelty Products], Commercial Applications [Active Smart Cards, Smart Packaging, and Retail & Electronic Shelf Labeling], and Industrial Applications [Semiconductor Applications, Wireless Sensors, and Energy Harvesting]) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global printed battery market size was USD 145.87 Mn in 2022 and is likely to reach USD 1.36 Bn by 2031, expanding at a CAGR of 28.2% during 2023–2031. The growth of the market is attributed to the easy integration of these batteries into advance electrical equipments.
Printed batteries are one of the most vital component of printed electronics, which makes use of a variety of active constituents derived from solution-based inks. Printing techniques, such as dip or blade coating, stencil, spray printing, screen, and dispenser are used to deposit these inks beneath a substrate.
The batteries are sustainable and environment friendly, thus it reduces material waste and less sophisticated fabrication techniques enables faster production. There are different types of printed batteries available in the market, such as rechargeable and disposable batteries. Lithium iron phosphate and lithium titanate are two frequently used cathode and anode materials in printed batteries. Printed batteries offers benefits in short lifespan and low power source applications, including RFID tags, electronic wearable devices, and medical implants.
The COVID-19 pandemic outbreak had considerable impact on the market. During the pandemic, the lockdown imposed by government bodies across the globe resulted in halted manufacturing of goods that utilizes these batteries, which affected the demand of printed batteries. However, increase in medical equipments manufacturing, such as temperature patches used for continuous monitoring of temperature in the patients infected with Corona virus, accelerated the demand of printed batteries.
Market Trends, Drivers, Restraints, and Opportunities
-
Growing use of printed batteries in the electronic wearable devices and Internet of Things technology is one of the key factors driving the market growth.
-
Increasing adoption of these batteries by end-users owing to low cost, easy production, and greater form factor flexibility is projected to boost the market during the forecast period.
-
Existing complexities in the fabrication process of printed batteries acts as a major challenge that can restrict the market growth in the coming years.
-
Rising budget constraints, high investment cost, and diversified requirements is expected to hamper the market growth during the projected timeline.
-
Increasing investment by key players for development of printed batteries using 3D printing technologies for improved stability, security, and capability is anticipated to create significant growth opportunities for the market.
Scope of Printed Battery Market Report
The report on the global printed battery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Printed Battery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
End-users ([Consumer Applications [Medical Applications and Novelty Products], Commercial Applications [Active Smart Cards, Smart Packaging, and Retail & Electronic Shelf Labeling], and Industrial Applications [Semiconductor Applications, Wireless Sensors, and Energy Harvesting]) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Applied Materials, Inc.; Enfucell OY; GS Nanotech; Sony Group Corp.; Ulvac, Inc.; Apple Inc.; Blue Spark Technologies; FlexEI; Samsung Electronics Co., Ltd.; and Thin Film Electronics Japan Co., Ltd. |
Printed Battery Market Segment Insights
Consumer Applications Segment to Grow at Rapid Pace
On the basis of end-users, the market is divided into consumer applications, commercial applications, and industrial applications. The consumer applications segment is further bifurcated into medical applications and novelty products.
The commercial applications segment is sub-categorized as active smart cards, smart packaging, and retail & electronic shelf labeling; while the industrial applications segment consists of semiconductor applications, wireless sensors, and energy harvesting. The consumer application segment is expected to grow at a rapid pace during the forecast period attributed to increasing adoption of printed batteries in this applications as the batteries are more flexible, lightweight, and compact in size.
North America to Constitute a Key Market Share
In terms of region, the global printed battery market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the early adoption of technology and presence of key global market players in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to rising number of manufacturers and growing technological and infrastructural advancements in the region.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Printed Battery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Printed Battery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Printed Battery Market - Supply Chain
4.5. Global Printed Battery Market Forecast
4.5.1. Printed Battery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Printed Battery Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Printed Battery Market Absolute $ Opportunity
5. Global Printed Battery Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Printed Battery Market Size and Volume Forecast by End Users
5.3.1. Consumer Applications Commercial Applications Industrial Applications
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Printed Battery Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Printed Battery Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Printed Battery Demand Share Forecast, 2019-2026
7. North America Printed Battery Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Printed Battery Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Printed Battery Market Size and Volume Forecast by End Users
7.4.1. Consumer Applications Commercial Applications Industrial Applications
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Printed Battery Demand Share Forecast, 2019-2026
8. Latin America Printed Battery Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Printed Battery Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Printed Battery Market Size and Volume Forecast by End Users
8.4.1. Consumer Applications Commercial Applications Industrial Applications
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Printed Battery Demand Share Forecast, 2019-2026
9. Europe Printed Battery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Printed Battery Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Printed Battery Market Size and Volume Forecast by End Users
9.4.1. Consumer Applications Commercial Applications Industrial Applications
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Printed Battery Demand Share Forecast, 2019-2026
10. Asia Pacific Printed Battery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Printed Battery Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Printed Battery Market Size and Volume Forecast by End Users
10.4.1. Consumer Applications Commercial Applications Industrial Applications
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Printed Battery Demand Share Forecast, 2019-2026
11. Middle East & Africa Printed Battery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Printed Battery Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Printed Battery Market Size and Volume Forecast by End Users
11.4.1. Consumer Applications Commercial Applications Industrial Applications
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Printed Battery Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Printed Battery Market: Market Share Analysis
12.2. Printed Battery Distributors and Customers
12.3. Printed Battery Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Applied Materials, Inc. Enfucell OY GS Nanotech Sony Group Corp. Ulvac, Inc. Apple Inc.